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Old 10-08-2018, 04:28   #91
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Re: What Would You Do W/ $700K

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Originally Posted by daletournier View Post
"Animal spirits"as Keynes was quoted saying, is what always concerns me with markets. Fundamentals seem to be less powerful than these "animal spirits". The problem of course is if the main driving force isnt good fundamentals then the market can heavily revert (quickly) when the animal spirits dissappear.

Its easy to see when "animal spirits " are running the show, look at valuations.
The market does often behave like a naive investor "spirit"....and that creates buy/sell opportunities. Like the recent "FAANG"/social media stocks radical devaluation.
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Old 10-08-2018, 06:32   #92
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Re: What Would You Do W/ $700K

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The market does often behave like a naive investor "spirit"....and that creates buy/sell opportunities. Like the recent "FAANG"/social media stocks radical devaluation.
The FAANGS amongst others have been very disconnected from reality for quite sometime. Tesla is the classic example of a massive disconnection.

The sad thing is slowly people are believing this is normal. The higher above historic norms valuations are the further they drop below historic norms upon correction. But it's different this time, right?

We are certainly in historic times.
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Old 10-08-2018, 06:45   #93
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Re: What Would You Do W/ $700K

ahistorical would be more accurate
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Old 10-08-2018, 07:49   #94
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Re: What Would You Do W/ $700K

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If we could get a fair election, we wouldn't need to move.
Just move and stop wasting your life away complaining. You only get so many years. Canada? Sweden?

Move along.
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Old 10-08-2018, 08:34   #95
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Re: What Would You Do W/ $700K

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Just move and stop wasting your life away complaining. You only get so many years. Canada? Sweden?
Move along.
A relatively recent result of news media in the US would have people absurdly picking one of two sides. One of the benefits of floating across a big ocean is leaving all that nonsense behind. Perhaps most of the critical thinkers have already sailed away, $700K or no $700K?
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Old 21-08-2018, 20:04   #96
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Re: What Would You Do W/ $700K

I'd spend $250K on a liveaboard boat and provisioning, then stick the rest into a conservative investment with a yield to reinvest...
Carrie
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Old 21-08-2018, 21:28   #97
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Re: What Would You Do W/ $700K

Well, because this's a deep and serious subject, I waited to allow it to percolate a few days to best share with my esteemed colleagues the most fundamentally-productive advice I heard so far.

Each morning, while sitting on the porch with the dogs, I call upon their combined wisdom to fiddle with some particular puzzle of d'jour day. This morning, I asked the '700k' question.

After much discussion, the dogs came to a unanimous decision. The best investment is tennis balls.

Because they have a high rate of return.
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Old 04-09-2018, 05:03   #98
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Re: What Would You Do W/ $700K

Bukowski
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Old 04-09-2018, 06:00   #99
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Re: What Would You Do W/ $700K

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Just move and stop wasting your life away complaining. You only get so many years. Canada? Sweden?

Move along.
Canada...Not an option! Would have to be someplace warm with a stable government! Now that really narrows it down!!
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Old 04-09-2018, 06:57   #100
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Re: What Would You Do W/ $700K

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Good luck getting 5%. The Trinity study etc. concluded 4% historically, and many think that may not hold up in the coming years. I'm still fairly optimistic at 4%, but lots are planning for 3% or less in the early retirement community in part due to current valuations but also because the 4% was based on only lasting for a 30 year period to "not run out" in that time.
You're talking about something completely different. The Trinity Study was trying to determine a "Safe Withdrawal Rate". You absolutely will get more than 5% from the stock market averaged over the long-term (baring a total paradigm shift in how our markets work anyway).

Wether those returns are enough to safely withdraw a smaller percentage, annually, and have your money beat inflation and last ~30 years is another question.

Personally, I'd put my $700K into Vanguard and revisit the question in five years. I don't have a good use for that sort of money today since I'm not ready to cut the lines for good.

I'd probably splurge on the next charter though and nab a 55' to 60' boat for a week with more family along for the ride.
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Old 04-09-2018, 08:35   #101
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Re: What Would You Do W/ $700K

Let's see if 700K fell into my lap, I would give 1/2 to homeless shelters, buy a $30k boat, spend $20k fix'n it up and spend the next 10-20 years sailing using the remainder..
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