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From Employee to Bootstrapper: My Financial Preparation for the Transition
- icedchai 8y agoIf you've already written it all off, I recommend investing more aggressively.
- DVassallo 8y agoI'm already risking it aggressively in my business. What's more aggressive than that?
- icedchai 8y agoThis is true, to an extent! It sounds like you're leaving a lot of money mostly idle in bonds and money market accounts. With better returns, you could have a longer runway or use that capital to grow your business in other ways.
- alasdair_ 8y agoHe is already doing a crazy risky thing. Sure, equities may return 6.6% in the very long term but what does he do if the market drops 20% next week and stays low for the next five years?
- DVassallo 8y agoYes, exactly. I'm not going to speculate with the thing that's enabling me to speculate with my business :)
- icedchai 8y agoHe has over a million bucks to invest. Getting 2.5% seems sad. I'm not saying go crazy picking random stocks, just put most of it in a broad total market fund like VTSAX. If the entire US economy collapses, his business is unlikely to do well anyway.