Replies to post #44539 on A.I.M. Users Bulletin Board (AIMUSERS)

[ls7550]

Hi Toofuzzy

Sometimes you don't have to reinvent the wheel

... unless you're stuck at home with nowt else to be doing.
89 year old mother down the road, so I'm pretty much isolating in order to care for her. My (adult) kids do the shopping and doorstep deliveries to me. I then disinfect those groceries and store for them for a few days before she gets to consume them.

Clive.

[ls7550]

Hi Toofuzzy

“Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep by him in reserve.” So it is written in the Talmud, a record of debates among rabbis about Jewish law dating as early as 220 C.E "

Land ( your home and REITS )
Business ( your own or stocks )
RESERVE ( cash, bonds, gold )

Still my preferred personal choice. Can be very tax efficient here in the UK, and that historically (130+ years) has yielded a 6.5% average net real (lower/bad case 4.5%).

A F-U portfolio ...

WARNING - (diluted actual) expletives (some may prefer to read no further)
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“The gambler”, movie featuring Mark Wahlberg as a gambler

At one point Mark Wahlberg (Jim Bennet) needed to borrow money from John Goodman (Frank),

Jim Bennett: I’ve been up two and a half million.

Frank: What you got on you?

Jim Bennett: Nothing.

Frank: What you put away?

Jim Bennett: Nothing.

Frank: You get up two and a half million dollars, any A-hole in the world knows what to do. You get a house with a 25 year roof, an indestructible Jap-economy shitbox car, you put the rest into the system at three to five percent to pay your taxes and that’s your base, get me? That’s your fortress of F'ing solitude. That puts you, for the rest of your life, at a level of F-U. Somebody wants you to do something, F-U. Boss P's you off, F-U! Own your house. Have a couple bucks in the bank. Don’t drink. That’s all I have to say to anybody on any social level.