Regarding growth versus DGI for young people, it is quite a bit easier IMO to identify the DGI stocks than the ones that will grow for 20+ years.
We all may latch on to a high flyer now and then but I don't think being that type of stock picking is easy.
A simpler approach, again IMO, is to have a couple of different portfolios. One in leveraged ETF market timing (this will provide all the growth one needs), DGI, conservative options and one for a simple futures trading strategy.
RE the exit strat, I am 61 last week. At 65, all of my assets will no longer be under my control. I plan to give it all to my 2 kids and have them pay me out of the assets.
What form that takes is uncertain, it may be in a business trust with a Family LLC as the benficiary, not sure yet but it will not be exposed if/when the nursing home is needed.
Looking forward to thread as well.
We all may latch on to a high flyer now and then but I don't think being that type of stock picking is easy.
A simpler approach, again IMO, is to have a couple of different portfolios. One in leveraged ETF market timing (this will provide all the growth one needs), DGI, conservative options and one for a simple futures trading strategy.
RE the exit strat, I am 61 last week. At 65, all of my assets will no longer be under my control. I plan to give it all to my 2 kids and have them pay me out of the assets.
What form that takes is uncertain, it may be in a business trust with a Family LLC as the benficiary, not sure yet but it will not be exposed if/when the nursing home is needed.
Looking forward to thread as well.