Hello. I believe that I have become a master of productivity with the GTD method but I don't know a darn thing about investing. GTD promises to be a system that helps clear the mind, reduce stress and accomplish more. Is there something similar for investing or is it just too fragmented. The best I know is from Dave Ramsey and it did motivate me to get out of debt which I accomplished but I have not learned about making money fast, like GTD promises to clutter your life by quickly putting everything in a inbox and having the weekly review. Is there a financial peace inbox that promises huge returns every week without much effort. I don't have a lot of money and having trouble getting the work I had before Covid. I am just interested in a system that will help me invest and have that peace I get with GTD that my money is were it needs to be at every minute of my life. Thank you!
GTD for Investing like GTD for Productivity?
- Thread starter mnygren
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The fastest way to get a million dollars by investing is to start with two million… and statistically most brokers don’t beat the market. There‘s no magic bullet. If you want to learn a bit, look at Three-fund portfolios to get some idea of what a simple portfolio might look like and go from there. Disclaimer: I am not licensed to give any kind of financial advice. There are many sources for investment advice, and most of them are stupid or crooked or both.
gtdstudente
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@mnygren
Eliminating and keeping debt obligations at zero sounds like a peaceful fiscal system . . . good job
Some like to begin their financial education learning about U.S. Treasury Securities
Meanwhile, ask Dave Ramsey if U.S. Treasury Securities are safe for Area-of-Focus provisions (cash reserves) where Warren Buffet currently has a $160B for Berkshire Hathaway, Inc.?
Hopefully Dave Ramsey can also motivate the U.S. government to reduce it's debt as he prudently did for you?
As you expressed, continue watching out for the 'stupid crooks' . . . whose real specialty seems to be lacing their useless Nobel Laureate Economic credentials with fancy smooth talking crafted presentations to mostly make their AUM targets feel extra warm and fuzzy?
Research "Long-Term Capital Management", Lehman Brothers, etc. apologetic implosions with the 'Calvary' unavailable to save the day to make those whose lost savings whole?
More recently, Spring 2023, Silicon Valley Bank's and First Republic's real smart 'professional' bankers had to be bailed out by FDIC . . . rightly spooked depositors (individuals and commercial enterprises) in excess of FDIC limits had a very good day without any guarantees that ever being repeated again . . . an amateur mistake Warren Buffet avoided with $160B on hand delegated to a one person committee?
All the best in potentially developing an Area-of-Focus for financial literacy education and perhaps tax literacy education as well
Ps. When seeing any performances it is very difficult to differentiate between chance and repeatable skill
As you see GTD fit?
Eliminating and keeping debt obligations at zero sounds like a peaceful fiscal system . . . good job
Some like to begin their financial education learning about U.S. Treasury Securities
Meanwhile, ask Dave Ramsey if U.S. Treasury Securities are safe for Area-of-Focus provisions (cash reserves) where Warren Buffet currently has a $160B for Berkshire Hathaway, Inc.?
Hopefully Dave Ramsey can also motivate the U.S. government to reduce it's debt as he prudently did for you?
As you expressed, continue watching out for the 'stupid crooks' . . . whose real specialty seems to be lacing their useless Nobel Laureate Economic credentials with fancy smooth talking crafted presentations to mostly make their AUM targets feel extra warm and fuzzy?
Research "Long-Term Capital Management", Lehman Brothers, etc. apologetic implosions with the 'Calvary' unavailable to save the day to make those whose lost savings whole?
More recently, Spring 2023, Silicon Valley Bank's and First Republic's real smart 'professional' bankers had to be bailed out by FDIC . . . rightly spooked depositors (individuals and commercial enterprises) in excess of FDIC limits had a very good day without any guarantees that ever being repeated again . . . an amateur mistake Warren Buffet avoided with $160B on hand delegated to a one person committee?
All the best in potentially developing an Area-of-Focus for financial literacy education and perhaps tax literacy education as well
Ps. When seeing any performances it is very difficult to differentiate between chance and repeatable skill
As you see GTD fit?
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Oogiem
0
Know how much is coming in, know how much is going out calculated on a yearly basis. The going out should be no more than 70% of the coming in. Invest the rest in funds that mirror the stock market until you have a nest egg equivalent to 3-4 years salary. Then hire an investment professional who is not paid on commission but instead paid based on the growth of assets under management. Pay particular attention to your risk tolerance levels (all reputable investment firms will have huge questionnaires that will help you figure out your risk tolerance) and generally invest 1 step more conservatively than your acceptable risk tolerance. Rebalance your portfolio based on investment professional recommendations no more frequently than every 3 months. Keep in mind that once or maybe twice a year is usually sufficient.
TimBourne
Mr
gtdstudente
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gtdstudente
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@Oogiem
First time hearing there are "investment professional who . . . [are] paid based on the growth of assets under management" Thank you
Understood professional investment firms paid based on assets under management no matter what . . . even in the midst on zero growth and/or negative returns for different asset allocations under particular/general asset management?
However, despite seemingly low AUM % fees and 100% of all/any undisclosed external expenses/costs . . . have seen net distribution gains on tax filings effect result in . . . dollars-&-cents . . . where the rubber meets the road bottom-line . . . goes more like this:
1/3 Taxes in dollars-&-cents, 1/3 Professional Investment Firm/Team in dollars-&-cents, 1/3 Risk-Taking Investor in dollars-&-cents . . . which are all expressed from dollars-&-cents gains since nobody actually accepts "% currency" as payment including Professional Investment Firms:
The above after Tax gain results:
50% for 'Professional' Non-Risk Taker [0% drawdown potential] in dollars-&-cents depending on what the market does
50% for Hard-Working/Saving Risk-Taker [50% - 90% diversified drawdown potential] in dollars-&-cents depending on what the market does
Again, perhaps all in dollars-&-cents might be a more suitable way to evaluate capital management/service value?
Perhaps the Professional Investment Firms are, for no extra-charge, just kidding/bantering with me when the say they charge as a % of AUM . . . what they really mean to say is dollars-&-cents of AUM + 100% of dollars-&-cents of all/any undisclosed external expenses/costs no matter what? Those professionals crack me up
"%" to the Investment Industry are what Chips are to casino's to ever so slightly nudge participants from the reality of their provisions?
Perhaps:
1. Paying an hourly fee might make more economic sense
2. Working with a no-fee financial planner at a branch office of one of the major brokerages from Three-fund portfolios possible available in one's particular area?
As more additional unreliable financial education:
Publicly traded Berkshire Hathaway . . . B series for the 'little people' . . . which like the market at large, has had 50% drawdowns and a weird price glitch 2024 QII would essentially be a non-dividend professionally managed diversified market portfolio for nil given their low overhead
Ps. Warren Buffet has changed his tune on giving multi-billions of his shares to the Melinda and Bill Gates Foundation and previously overpaid billions for Kraft/Heinz at his and shareholders expense . . . hate when that happens
For some strange reason, when money is involved there are a plenitude of options?
Thank you very much
As you see GTD fit. . . .
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Lucas W.
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David Allen’s GTD book is a classic for personal productivity and Benjamin Graham's Intelligent Investor is the same when it comes to investing – I see a lot of similarities so I suggest to start with this book.
gtdstudente
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@Lucas W.
The concept that might be worth adding to Warren Buffet's teacher, Benjamin Graham's "Margin of Safety" . . . are identifying one's "Affordable Losses" in the midst of random uncertainty(ies)?
As you see GTD fit. . . .
TimBourne
Mr
" but time spent doing GTD '
is time - where could otherwise (be doing a paid job) says voice ' s
gtdstudente
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@TimBourne
Great idea . . . "Yes to a 5th job" . . . for the Maybe/Someday list
1. Next Action: @meditation
Decide what the purpose would be "Yes to a 5th job" from the Maybe/Someday list
2. @Meditation result(s):
Committing to "a 5th job" would likely mean quality deficiencies to other current four jobs
3. Next Action: @Maybe/Someday
Thank you very much for the suggestion
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I think you have a project for "learning about investing"! However, there is no such thing as a free lunch, and no book or guru is going to make you a millionaire overnight. Sorry. The only routes to making money really are inherit it, win it or earn it. Huge returns without much effort generally aren't a thing, unless you're a somewhat bent investor with millions to splash about or really really lucky in a business deal.
If you're struggling to find work then perhaps you have another project there - is it time to learn something new, find a second job to bring in extra cash? Another one to look at is budgeting - Dave Ramsey is good here.
My own experience has been to learn about different investment products (I'm in the UK btw ) and what they do / how they work. I've learned a bit about tax and how to minimise one's exposure - not the same as avoidance might I add! This means if I talk to a financial adviser I can understand what they're telling me and spot if they're talking bobbins, in my opinion. Most of my spare cash was either ploughed into buying this house or is in ISAs.
My main focus has always been keep the pension pots well-fed and make sure I have a bunch of "oh shit" money available in the bank for those times when everything breaks / leaks / explodes at the same time. My FA recommends 6 months' worth which is a good target. Once those are in place I feel a lot calmer about finances.
gtdstudente
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@HelenM
Nice post on what COMPOUNDING pounds looks like
Thank you very much
Ps. Perhaps also YouTube 'College/University' for diagnosing and possible doing resident Prop maintenance/repairs as a 'hobby' for done to one's satisfaction in more than one way?
Pps. Also, @mcogilvie kindly posted a very active good site . . . bogleheads.org is also good for those like avoid being swindled through necessary delegation(s)
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TimBourne
Mr
L
I don't understand this post
you write above "
1. Next Action: @meditation
Decide what the purpose would be "Yes to a 5th job" from the Maybe/Someday list
2. @Meditation result(s):
Committing to "a 5th job" would likely mean quality deficiencies to other current four jobs
3. Next Action: @Maybe/Someday
??? - like ...
saw you also write above about AUM
that is a type of spiritual practice
" '
gtdstudente
Registered
@TesTeq
Very Nice: "The Psychology of Money: Timeless lessons on wealth, greed, and happiness" by Morgan Housel
Less than Two-Minutes:
Just ordered book: "Just Keep Buying: Proven ways to save money and build your wealth" by Nick Maggiulli
Blog might have a few nuggets: OfDollarsAndData.com
gtdstudente
Registered
@TimBourne
For others, AUM [Assets under Management] might be a spiritual practice for some in the finance industry?
TimBourne
Mr
"I thought you were refercing the
AUM mantra
which is shared by the aetherius society
says a voice in my head " s
This is true but GTD is a great method and I am crowdsourcing to see if anyone has good methods towards investing, one of my areas of focus.