Have you had enough? Ready to sell the portfolio?

Discussion in 'Investor Psychology & Mindset' started by Owlet, 21st Jan, 2022.

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  1. dabbler

    dabbler Well-Known Member

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    Yeah, I get you, read my post above, you would regret it I feel, your already home ! You cannot just do as you like and be carefree.


    I have a friend with no debt, and a lot of super etc, he keeps talking of retirement, I pointed out to him that on his days off, he is so busy, everyone has a list of chores for him, I said, if you go from 2 3 days off a week to 7, what do you think will happen ?

    And with travel the way it is/has been, little reason to leave, he prob will once he can run away from the chores ! lol

    It is also the downside of being a person that is able to do many and varied things, and then you have the ones that are like teats on a bull, they would get bored very quickly, so it depends on what your getting from work etc too...
     
  2. Piston_Broke

    Piston_Broke Well-Known Member

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    Retirement doesn't mean you stop everything and get rocking chair and sit on the porch all day.
    You do what you like, as you like in your own pace.
    It gets boring very fast if you just sit around and not keep busy.

    Or subcontract it as task or project based, and get it done as you see fit.
    Many people I know retired (wealthy) from 60hrs a week fulltime and became much more efficient, relaxed and made more in the retirement years than the 20yrs prior.
     
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  3. dabbler

    dabbler Well-Known Member

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    Most "jobs" you cannot do that, I can do my mates job but no way a corporate would let me do the tasks for him, there is no way to legally do that either.

    But, yeah, I said to him, you can do many and varied things and at own pace and choosing once you leave.

    The only other issue, is often, the other half will not see anything but a regular job as work, and you are free to take up a list of never ending tasks :) It 100% happens.
     
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  4. skater

    skater Well-Known Member

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    Oi! You better not sprout that near Hubby if you're at the meetup. Just because I've given him a never ending amount of reno's doesn't mean you're right.:p
     
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  5. Lacrim

    Lacrim Well-Known Member

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    So all in on LICs /ETFs and no IPs apart from your current PPOR?
     
  6. dabbler

    dabbler Well-Known Member

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    I only speak from personal experience......and some relayed reliable experience :)
     
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  7. Beano

    Beano Well-Known Member

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    Not certain what I would do if I was rolling in it.
    Probably have different friends and colleagues .
    Instead of reading these blogs and attending meetups I would be entertaining and jet setting around :rolleyes:
     
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  8. dabbler

    dabbler Well-Known Member

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    You can afford to upgrade at least friends once rolling in it, or downgrade them, depends what "it" is ? (I have livestock...lol)

    "it" can prevent Covid, as people do keep well away :)
     
  9. FredBear

    FredBear Well-Known Member

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    I'm "in transition". I will be retired in 1 - 3 years time, so setting up the portfolio for this new life situation. I've found it useful to list all assets in a spreadsheet, and then calculate the percentages both by asset class and by currency. Currency is important as I live mostly in northern Europe. So I have a clear picture of what the breakdown looked like with the former PPOR in Sydney (55% property in AUD), what it looks like now, and what I want it to look like in 3 years time. Right now it is 10% property in EUR (PPOR + lifestyle property), 12% USD equities, 11% AUD super, plus cash and equities in AUD and EUR and some other bits and pieces..

    I want to sell down the direct USD equities, and end up with a 50/50 EUR/AUD split. AUD super is matched by a theoretical investment that is my employment pension in EUR. I'd like to get a small base in Sydney, so cash is ready for that. It won't be an IP, just for family use. The rest is going into AUI, WHF, FGX and VGS, and in EUR selected local companies + Ireland listed ETFs. There aren't really any EUR LIC equivalents to the likes of AFI, ARG, AUI, WHF, FGX etc.

    So a balance between currencies, different equities, with the aim of a easy to manage steady income stream.
     
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  10. Owlet

    Owlet Well-Known Member

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    We have offloaded one IP. A nice unconditional offer accepted at the price we wanted. Settlement awaits. Now to prepare the next one for sale.
     
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  11. spoon

    spoon Well-Known Member

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    Anyone can die young. Some will die straight after retirement due to lack of a routine. A good payslip is so important to the bank as a guarantee of confident if one needs a loan. So, I shall keep on working until my employer tell me to retire. :) Just have to manage stress and workload, which is not difficult if you have the position to tell your boss to F.O. You will be surprised how much more your job is secured when you can do that... :D
     
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  12. EK01

    EK01 Well-Known Member

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    Good points. I definitely won't be working until the boss tells me to go home permanently (I have (finally) made the decision to retire at the end of June and see how I go) but then I derive very little satisfaction from what I do at work. If you enjoy your work but no longer need to do so financially, then I am very envious of you.
     
  13. Piston_Broke

    Piston_Broke Well-Known Member

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    While I think it's better than the opposite it's not always the best.
    Someone that works for the money can just walk away.
    For those of us that loved the job it just seems like an addiction, so it's a matter of finding a way of getting the "fix" without the shakles.
    Gotta learn to say no lol
     
  14. Gen-Y

    Gen-Y Well-Known Member

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    NO!
    Say it with me....
    NO!

    How do you feel Piston? :D
     
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  15. Piston_Broke

    Piston_Broke Well-Known Member

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    NOOOooOO....maybe

    I feel like aTooheys
     
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  16. Squirrell

    Squirrell Well-Known Member

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    Being addicted to work is such a foreign concept for me. Im always somewhere between bored and stressed, and much prefer bored. 5 years till semi retirement for me. Counting the days ....
     

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