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Then you have to manage your investments. If that's fun for you, great. All it really does is leverage your time, effort and attention.
by hyperpallium 8y ago
Then you have to manage your investments. If that's fun for you, great. All it really does is leverage your time, effort and attention.
- eloff 8y agoIf you're doing that right it should be pretty low maintenance. I spend more time taking out the garbage in a given year than I do on my investments.
- hyperpallium 8y agoIdeally. But if you're living on your investments, you tend to attend to them more. The solution to that is to have such a substantial investment income that you don't need to worry about it, at all - which means that much more effort in getting there.
- eloff 8y agoOr a large cash position to smooth out the rough patches, but that also means more effort in getting there.
- hyperpallium 8y ago"The market can stay irrational longer than you can stay solvent."