1. The discussion here is great, but only if you have reached that mark where you don't have to worry about your next day meal. The discussion here is on higher levels of Maslows hierarchy of needs.
2. In regard to the thread starters question. I have a very simple but maybe naive question.
It seems from what you say, most of your wealth is in stocks... Isn't that a risk you are worried about? All your money in one asset type? Even though they are in government linked or government owned stocks, there are so many stock related risks in this inter-related world, wouldn't it be better to diversify into different asset types? Not that they don't have risk, but it might help reduce the risk.
3. I am striving for my financial freedom too, as one wise person in the thread said, plans never work out the way you want them too, but I still have a plan and working around, through , under etc... as different things get thrown in the path. My definition of financial freedom is to be able to relieve myself and my family of worrying for the next days meal and to be there for my family in times of need. The goal will change once I reach there, but I am still striving to reach that stage.
I am stating point 3 so as to give another flavor of what financial freedom means to any individual.
Great discussion. Hope my question on asset diversity helped in your thinking.
2. In regard to the thread starters question. I have a very simple but maybe naive question.
It seems from what you say, most of your wealth is in stocks... Isn't that a risk you are worried about? All your money in one asset type? Even though they are in government linked or government owned stocks, there are so many stock related risks in this inter-related world, wouldn't it be better to diversify into different asset types? Not that they don't have risk, but it might help reduce the risk.
3. I am striving for my financial freedom too, as one wise person in the thread said, plans never work out the way you want them too, but I still have a plan and working around, through , under etc... as different things get thrown in the path. My definition of financial freedom is to be able to relieve myself and my family of worrying for the next days meal and to be there for my family in times of need. The goal will change once I reach there, but I am still striving to reach that stage.
I am stating point 3 so as to give another flavor of what financial freedom means to any individual.
Great discussion. Hope my question on asset diversity helped in your thinking.