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Originally Posted by roni
I agree. We have a pot in pretty safe investments (mutual funds), a pot managed by others and a pot in which we assume a bit more risk. We have done pretty well all three of these over the past years - but when I first started making some investment decisions for myself, I made a lot of mistakes - but I figured I would and didn't put much at risk.
Another thing we have that many no longer do are some solid defined benefit pensions. One reason I rolled my State University Retirement System money from Illinois to an IRA is that the system was underfunded. The three remaining systems are stronger (Oregon PERS x 2 and Missour State Employees)
I now call it those early investing decisions paying tuition  . |
A pot managed is a good thing. Some indexed mutual funds are not managed, therefore you have nobody to get in or out of good or bad stocks.
We also have Oregon PERS and Julie has a 401k with maximum contributions. Like Jacko said, it is pretty stupid not to take advantage of any employer contributions(it's free money).
Our 3 managed funds we have invested in hold a total of 693 different stocks. That's diversification.
Looking at 2018 for retirement
