[Arlington2]

For the amount of money most of us to invest we do not qualify for top notch financial advisors. I have significantly more than you mention and have been disappointed by 4 different advisors. Best to become somewhat educated. Fidelity funds and Bogle Heads are a good choice for novice investors. I would also suggest getting Morning Star from your local library to see ratings and performance of multitude funds. You can compare Fidelity, etc with many other funds. The hardest decision is figuring out your risk tolerance. Less risk means smaller return. At some point things will turn south. Easy to purchase your selected funds with any brokerage account.

[Nancy Rodriguez]

Hedge your investments by buying gold or silver.

Originally Posted by BuyckCabin

Thank you for the response.

I know my finances well. And I know I don’t need to live like most people do here. I’ll never understand needing 7,000 or 10,000 a month. $4000/month is enough to support both my wife and I fully. We are going back to the basics. Simple life. 1.0 to 1.25 million plus to bridge until SS will be way more than enough.

I don’t care about preserving wealth and passing on an inheritance. I didn’t kill myself working to make my kid’s retirements easier.

I also know I have one life to live and I hate working.

I know I’m going back to growing my veggies and splitting my wood and shooting my own meat sources in the woods. I know I’ll be more satisfied and healthier. I know that doesn’t require fancy cars and fancy cruises and eating out at restaurants and big houses with high insurance rates and high tax rates.

A modest 7% yearly average growth on the money I currently have plus the 50-60K per year I’m saving every year for the next 7 years will easily reach that number. If the market tanks and my plans have to shift, I’ll deal with that scenario then. But the plan is, punch out in 2467 days for the last time.

[Jim1mack]

I never understood the attraction of precious metals. Especially touted as a hedge against inflation. Their value goes up and down like most equities and what income do they provide unless you sell them.

I’ll stick with my high yield equities and reap the monthly dividends they provide. Doesn’t matter to me if they go up or down. Their dividends are a consistent source of monthly income.

CRF, TRTX, OXLC, IVR, AGNC, CLM. 10% or way greater yields. Find some others on your own.

Been doing this for years. All held in Schwab with no fees. They provide our ‘fun’ money.