ChocolateFactory
Contributor
User Power
Value/Post Ratio
85%
- Apr 2, 2023
- 61
- 52
What do you do when your income exceeds what you need to pay your bills?
You can get 4-5% interest on USD, but as I don't live in the US, that's still risky for me due to the currency risk.
Most people would tell you to put your money into broad-market index funds, but I remember that MJ considered that "slow lane" because you don't have control over the market.
But I don't need the money in my own business(es). Besides, I'd be concentrating the risk in my person. I'd like to diversify it. I could invest in other people's businesses, but then I'd have to actively pick investments as well, which is risky, and which would take away time that I should be spending on my own businesses.
So what's your plan?
You can get 4-5% interest on USD, but as I don't live in the US, that's still risky for me due to the currency risk.
Most people would tell you to put your money into broad-market index funds, but I remember that MJ considered that "slow lane" because you don't have control over the market.
But I don't need the money in my own business(es). Besides, I'd be concentrating the risk in my person. I'd like to diversify it. I could invest in other people's businesses, but then I'd have to actively pick investments as well, which is risky, and which would take away time that I should be spending on my own businesses.
So what's your plan?
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.