I began my life of full- time travel two months ago. I have just over $900K in investments, almost all of which are equities. The equities are a well diversified mix of passive index funds.
I have an additional $300K in HYSAs and HYCDs.
I am a hiker and plan to hike as many long distance trails as I can over the next eight or nine years. In between hikes I will travel to low cost of living places.
My original plan was to live off the cash for eight or nine years while hiking - easily doable at $30K a year, even in the USA, since I would be sleeping on the trail most of the time and I have no bills except for my cell phone - while the equity investments hopefully double. I begin my hiking soon. These last two months I have traveled overseas and easily kept my spending to $2500 a month, including transportation. So living off $300,000 cash is easily doable for up to ten years since I can be flexible with where I go and what I do.
I’d like to be able to live off at least $60-$80K a year after all my long distance hiking goals are complete. So ten years from now, I would like to have at least $1,800,000. If the market does its usual thing with my currently invested $900K, that will work. Yes, I understand there are no guarantees. I know there could be another lost decade etc. If that happened then I would continue living very frugally as I do now.
I have excellent health insurance through a divorce settlement that will last until I am eligible for Medicare. I do need to come back to the USA Northeast once a year or so for check-ups etc. I do not want to take Social Security payments until I am at least 67 (I am currently 53).
My question - should I put some of that cash into the market? I very much like having the peace of mind knowing I should be set for a number of years without caring what the market is doing. However, 25% of my net worth is a lot to be sitting on the sidelines. Or perhaps keep it in cash and use some of it to buy dips if/when we have a serious market downturn within the next eight or nine years? submitted by /u/JanieWalkerUSA
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I have an additional $300K in HYSAs and HYCDs.
I am a hiker and plan to hike as many long distance trails as I can over the next eight or nine years. In between hikes I will travel to low cost of living places.
My original plan was to live off the cash for eight or nine years while hiking - easily doable at $30K a year, even in the USA, since I would be sleeping on the trail most of the time and I have no bills except for my cell phone - while the equity investments hopefully double. I begin my hiking soon. These last two months I have traveled overseas and easily kept my spending to $2500 a month, including transportation. So living off $300,000 cash is easily doable for up to ten years since I can be flexible with where I go and what I do.
I’d like to be able to live off at least $60-$80K a year after all my long distance hiking goals are complete. So ten years from now, I would like to have at least $1,800,000. If the market does its usual thing with my currently invested $900K, that will work. Yes, I understand there are no guarantees. I know there could be another lost decade etc. If that happened then I would continue living very frugally as I do now.
I have excellent health insurance through a divorce settlement that will last until I am eligible for Medicare. I do need to come back to the USA Northeast once a year or so for check-ups etc. I do not want to take Social Security payments until I am at least 67 (I am currently 53).
My question - should I put some of that cash into the market? I very much like having the peace of mind knowing I should be set for a number of years without caring what the market is doing. However, 25% of my net worth is a lot to be sitting on the sidelines. Or perhaps keep it in cash and use some of it to buy dips if/when we have a serious market downturn within the next eight or nine years? submitted by /u/JanieWalkerUSA
[link] [comments]
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