I'm in my mid 30s, married with a toddler, I have a good salary and a job I'm passionate about, so early retirement is really not what I'm looking for right now.
Due to my education I've always lived below my means which allowed me to save a fair amount for the last 7/8 years or so. Last 5 years I saved to pay for a house by the beach in my home country (now fully paid) which I rent out for holiday vacations, it generates a nice income plus I have a place to stay when I go back. For the last year money has been accumulating and sitting in my savings account and I had no plan to do anything with it (even though I knew I was losing money every day to inflation), until my manager convinced me to invest in CEFs or ETFs and told me a little about DG. He basically helped me beat inertia with something simple to start with!
I spent almost a year reading about the stock market and the various investment options and realized he was right, DG might be the lowest risk form of investment and I started a portfolio only a month ago with 16 positions + 1 CEF. Right now I'm addicted, I'm reading about DG every day, subscribed to several blogs, this forum, etc. I want to learn as much as possible, and heck, even if I have to lose a couple grand in the process of learning, so be it (hopefully won't happen). I'm looking forward to add more positions asap, but everything seems terribly overpriced apart from energy...
The goal is to grow my total portfolio value for as long as possible, if life continues to smile back at me, i'll keep compounding and one day I'll leave a few millions for my kids, if I need to, I'll live out of the dividends in retirement + whatever retirement I get from the various countries I've lived in, worst case scenario, I'll sell my positions and go back home with the money knowing I had fun with the process.
The scary bit are the taxes to be honest, still trying to crack that part of the story...
Due to my education I've always lived below my means which allowed me to save a fair amount for the last 7/8 years or so. Last 5 years I saved to pay for a house by the beach in my home country (now fully paid) which I rent out for holiday vacations, it generates a nice income plus I have a place to stay when I go back. For the last year money has been accumulating and sitting in my savings account and I had no plan to do anything with it (even though I knew I was losing money every day to inflation), until my manager convinced me to invest in CEFs or ETFs and told me a little about DG. He basically helped me beat inertia with something simple to start with!
I spent almost a year reading about the stock market and the various investment options and realized he was right, DG might be the lowest risk form of investment and I started a portfolio only a month ago with 16 positions + 1 CEF. Right now I'm addicted, I'm reading about DG every day, subscribed to several blogs, this forum, etc. I want to learn as much as possible, and heck, even if I have to lose a couple grand in the process of learning, so be it (hopefully won't happen). I'm looking forward to add more positions asap, but everything seems terribly overpriced apart from energy...
The goal is to grow my total portfolio value for as long as possible, if life continues to smile back at me, i'll keep compounding and one day I'll leave a few millions for my kids, if I need to, I'll live out of the dividends in retirement + whatever retirement I get from the various countries I've lived in, worst case scenario, I'll sell my positions and go back home with the money knowing I had fun with the process.
The scary bit are the taxes to be honest, still trying to crack that part of the story...