Recent content by Allenkoz

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    Colorado advice for a newbie nonresident?

    I’m a 53 year old Michigan hunter, but I've never been elk hunting. My hunting buddy and I have accumulated 6 pts (nonresident) for Colorado and are planning a bucket list hunt in 2023- hopefully 1st rifle. We are looking to book a private property guided hunt (I understand the costs...
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    Ukraine / Russia

    Markets will adapt- many world events in the past impacted the market but they are merely blips on the chart as time wanes on. Buy low.
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    Im bowing out

    The market will cool off eventually if you can be patient for a year or two. You're smart by not getting caught up in the emotional bidding for property. Your time will come. It's amazing how things will fall into place.
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    Investment options

    Try diversifying with some real estate investments- either purchase a property directly or buy into some reits. Look at some Vanguard real estate ETFs for more diversification.
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    Investing for my kids

    As sucky as the bond market is, I would stay away from that as young as they are. They can move to safer investments when they're older to protect the egg. For now, go with some good index and large, med, small cap, international investments.
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    Retirement goal changed due to inflation?

    Inflation is transitory- sometimes it goes in reverse as well. The long term average is 2-3% and that will most likely not change. Look at the longer term. If you are invested in good companies, your returns will ultimately outpace inflation.
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    Retire early to hunt more?

    It's ovbious that you've thought about this alot. If you can do it, make it happen and don't look back. You can always go bacl to work if you get bored or decide it was the wrong decision,
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    Retirement Calculator Growth

    7% is a pretty conservative guestimate and save to use. My opinion is based on investing in solid index funds or the S&P 500.
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    Financial Advice

    It's okay to buy individual stocks if you pick enough to be diversified.
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    Mid 50's retirees question

    If you're healthy, I would keep going and maximize the time you can take off while you are working. If it's not enough, then I would call it quits if that's what will make you happiest.
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    Investing for kids.

    The 529 doesn't have to be used for education. Let's say your child receives a full scholarship and doesn't need the funds. That money is always yours and you can use it however you like. You would simply need to pay regular income tax on it at that point.
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    Another retirement question

    It depends on how much debt you have and what your lifestyle will require. You should sit down with a financial planner- you will have a much better idea after that. As for me, I hope to have $3 Mil or more before I call it quits.
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