I retired about a year ago now or two, and my main worry just like anyone else is running out of money, or going through a big market down turn and now I have to back into work. So the way I invest now is a lot more different than it was when I was trying to get to this point.

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1. There are a lot of factors to consider but I’m going to focus on 3
– Asset class
– Age
– Amount of money vs needed money

Let’s get right into it

2. I truly do believe that diversification for the most part is a waste of time
– Unless you don’t know what you are doing
– And unless you see it fit for your investments

My only investment is in the S&P 500
– I hold 100% of my retirement money in this fund
– If tomorrow America loses everything I lose everything
– But I think, so will many people if something like that happens

My true fear is this:
– We do something stupid as a nation and the market enters a depression
– The market goes down and stays down for 20 years and we experience hyperinflation
– This is unlikely but not impossible

Solutions:
– Invest more money ( to have more than you need )
– Diversify in different parts of the market ( I don’t think that’ll work as well as people think, finances are intertwined)
– Diversify into a different investment not related with the stock market

So here is what I came up with:
– Once I buy or build a house and establish roots ( and that’s fully paid off ), I have the cash from the sale of my last property
– I’m going to use the leftover money, plus my income and any surplus in my budget to buy or build rental properties
– The math in my area is this, for every 60k I invest I can make about $400-300 a month

The best part is:
– I only need 1200 to be living a good life, and 1600 to live a fancy one. So this would be more than enough
– 2 rentals will give me a good Cushing to be able to support almost a 40% market crash

Tip: find assets in different places, that you can invest with a limited amount of risk, to get you cash.

3. Age
– Age is real and it matters ( I discriminate when it comes to this )
– If you are 60 or 70, you can’t just start over with the same level of effort obviously
– And if you are younger then you can kinda have some room to play

My advice: I’ll keep this short
– If you are in that older range
– Make it so you need the least amount of money possible ( if you need to spend 3k, how can you spend 1000 )
– Ideas, Debt free, and mortgage free
– Notice I said need ( you can spend 3k if you have money, but you shouldn’t need 3k if all you get is 3k If you know what I mean )

If you are younger:
– You can get away with less diversification like me
– Beucase you have a lot of time to take advantage of the market
– And when it does crash in your lifetime, if you’ve been smart and frugal you’ll have way more than you need
– If I only need 500k but I have 1.2Million and the market crashes by 50% I don’t really care

4. Amount of money you have
– If you have just enough to retire, then be careful
– If you have a lot money more than you need ( it may make sense to buy bonds )

But bonds pay 4% and stocks 10%
– Yeah but 4% of 2 million is 80k without risk
– I’d take that in a heartbeat
– It’s more than enough, the game is not to die with a lot of money or need to worry about things ( instead to get financially free and keep it that way )

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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