Comments for jlcollinsnh

Comment on Dining with the Ghosts of Sarah Bernhardt and Alfons Mucha by Shilpan

Shilpan — Tue, 21 May 2013 02:45:01 +0000

aah, I agree with you that it’s a commitment. It’s always better to be a guest than to be an owner.

Comment on Dining with the Ghosts of Sarah Bernhardt and Alfons Mucha by jlcollinsnh

jlcollinsnh — Mon, 20 May 2013 16:39:06 +0000

Ha!

Check out Trish’s comments below for more.

Comment on Dining with the Ghosts of Sarah Bernhardt and Alfons Mucha by Guest

Guest — Mon, 20 May 2013 12:42:45 +0000

Oh come on, don’t tease us like that! That sounds a fascinating story, tell it sooner rather than later please!

Comment on Stocks — Part XVI: Index Funds are really just for lazy people, right? by jlcollinsnh

jlcollinsnh — Mon, 20 May 2013 02:09:32 +0000

Thanks Kevin…

..I very much appreciate your comments. One of the things I worry about is that people will pick up on the fact that the market is a very powerful wealth building tool and somehow miss my point that it is also a very wild and gut wrenching ride.

But don’t worry, every correction will have large numbers of people running in panic for the exits. I only hope is that the few readers here will know better.

Comment on Dining with the Ghosts of Sarah Bernhardt and Alfons Mucha by jlcollinsnh

jlcollinsnh — Mon, 20 May 2013 02:05:15 +0000

Perhaps, but I know absolutely nothing about investing in commercial real estate.

You, however, do. How about you write it and I’ll read it?

We actually thought about a B&B at one time but concluded it was too much work and I lack the handyman skills one needs. Then we thought about a business operating B&Bs short term for owners that wanted to take some time off. I figured this would eliminate repair work and prevent us from being tied down in one location while providing the ability to live and travel to cool places meeting interesting people.

But when the dust settled our final conclusion was that we are better guests than operators.

Comment on Putting the Simple Path to Wealth into Action by jlcollinsnh

jlcollinsnh — Mon, 20 May 2013 01:59:07 +0000

Sounds like you are off to a great start!

My advice in this post and throughout this blog for somebody your age and with many decades ahead could not be simpler:

VTSAX

Invest as much as you can, whenever you can and ignore the many corrections and crashes you’ll experience in the next 70 years you’ll be investing.

As it happens, I’m working on a new post about what a new college graduate should do for their first 10-15 years. Look for it soon.

Comment on Putting the Simple Path to Wealth into Action by Donell

Donell — Mon, 20 May 2013 01:37:41 +0000

Hi Micheal, I’m current in college and I’m currently actively looking for a career that would place me in a bracket such as yours… How exactly did you make to where you Are and if you don’t mind me asking what do you do?

Comment on Putting the Simple Path to Wealth into Action by Donell

Donell — Mon, 20 May 2013 01:28:42 +0000

I to also have a question… Ok I’m 19 .. yes very young but I’m making pretty good money as a college student and I want to start early making the right investments so I can thank myself later… Ok my finicial situation I currently make about between 2,000/ 1,400 a month after taxes and a anual salary of 27,900 a month..as far as bills only 200 of that goes to bills and about 250 goes to savings so that leaves me roughly a 1000 a month to play with and I want to invest… Where should I start.

Comment on Dining with the Ghosts of Sarah Bernhardt and Alfons Mucha by Shilpan

Shilpan — Mon, 20 May 2013 00:07:59 +0000

That’s a beautiful hotel. I am wondering if you need to write an article about what you should look for when investing in a commercial property. There may not be many interested in the tidbit, but it’s interesting to those who want to invest in a hotel or a Bed and Breakfast.

In fact, Bed and Breakfast is a great way to semi-retire and still enjoy meeting nice people, not to mention that you can live free and make some money: best of both world in my humble opinion.

Comment on Stocks — Part XVI: Index Funds are really just for lazy people, right? by Kevin Kane

Kevin Kane — Sun, 19 May 2013 21:46:11 +0000

Jim, I read your entire stock-market series a while ago when MMM linked to it.

I’ve read a lot on investing, and I think that you might have explained better than anyone else the emotional fortitude needed to invest in equities for the long haul.

I’m not sure I should thank you for that — I like taking advantage of the wimps who sell their shares during a recession. I like gobbling-up their shares at a discount!

Thanks for your great information and I appreciate your irreverent and down-to-earth writing style. Keep being awesome.