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- May 2, 2012
- 79
- 76
I've had this same problem for years now and it's only increasingly getting bigger and bigger.
1. I've been making more and more money, which means my cash fund has been growing fast
2. I don't trust investors or financial advisors. If they were anything but charlatans and actually knew how to beat the market, they wouldn't need me.
3. No free lunch and No pain no gain. I recognize that if I don't learn investing (whether in realty/stocks/etc.) myself or put in time myself then I won't be rewarded.
4. My time is much better spent MAKING my money than dividends that could be expected by spending it learning about investing.
5. Even if I was to learn an investment strategy, my time is still much better spent making the money in the first place than managing whatever the strategy is. I'm not interested in the possibility of worrying about my renters AC/roofing problems for a possible extra XX,XXX a year.
At first it wasn't too big of a problem, but lately I feel like it's starting to become almost irresponsible to just have this much liquid assets and not be making money on it.
The only thing I have come up with that I might end up doing is throwing most of it in an index fund. But as we all know, thats a very very long term and minimal return (when accounting for all the crashes and not knowing if you timed the market right when you put in the money).
Any advice?
1. I've been making more and more money, which means my cash fund has been growing fast
2. I don't trust investors or financial advisors. If they were anything but charlatans and actually knew how to beat the market, they wouldn't need me.
3. No free lunch and No pain no gain. I recognize that if I don't learn investing (whether in realty/stocks/etc.) myself or put in time myself then I won't be rewarded.
4. My time is much better spent MAKING my money than dividends that could be expected by spending it learning about investing.
5. Even if I was to learn an investment strategy, my time is still much better spent making the money in the first place than managing whatever the strategy is. I'm not interested in the possibility of worrying about my renters AC/roofing problems for a possible extra XX,XXX a year.
At first it wasn't too big of a problem, but lately I feel like it's starting to become almost irresponsible to just have this much liquid assets and not be making money on it.
The only thing I have come up with that I might end up doing is throwing most of it in an index fund. But as we all know, thats a very very long term and minimal return (when accounting for all the crashes and not knowing if you timed the market right when you put in the money).
Any advice?
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