After much hemming and hawing, DH and I have finally arrived at our mutually agreed-upon, future financial investment strategy going forward. We couldn’t decide whether to jump back into Wall Street investments or just stay the course as we have for the past 30 years and solely invest in the sure things (such as Money Markets, Certificates of Deposit and/or Treasury Bonds).
To be honest, we have enough cash on hand to hold us for the next twenty years providing no passive income came into our lives. Since we do have guaranteed passive income (Pension, Social Security, Guaranteed Interest) our cash holdings can probably hold us forever, till death do us part. Knowing this, why would we want to subjugate ourselves and delve back into the world of reality and fiddle around with the biggest corrupt financial manipulators on Planet Earth, i.e. The Stock Market?
I will admit that since I started listening recently to local and world news, I got caught up in the propaganda and fake news. Because of this, I started panicking. The real tip off for me came when a CD (paying @4.25%) I had with a brokerage house I had depended on for the past 1.5 years was inadvertently called due to the shenanigans of our current administration playing games with America’s economy. Manipulating the Federal Reserve to lower interest rates simply so “they” could look better should be enough to make anyone think. The opposing party is no different. Forcing the American economy to purposely decline so that they can be triumphant while destroying people’s lives and their livelihoods is despicable.
I want nothing to do with either one of them. And I do not want my money to be involved with them either. Neither one of them will ever have dominance over my life nor my financial well being. I will render unto Caesar what is Caesar’s but they will get nothing more from us ever again.
At first I thought the calling of the CD was a bad thing. Turned out to be the best thing that ever happened to me in my life so far. It forced me to finally face up and address investment strategies. I studied. I read. I asked questions. I researched. I learned. And this is what I found out: that the investment strategy I was using all along turned out to be the best strategy for ME. Not you. Not her. Not him. But ME. My first reactions turned out to be the best reactions.
DH and I will resume our trusted and true investment strategies. We no longer care about inflation, making a profit, making our money last, earning more passive income or whatever else investment strategists throw out at us. Every single time we have ever followed the advice of a professional, every single time that advisement was WRONG.
DH told me he doesn’t want to work anymore. Not a day. Not two days a month. Nothing. He is enjoying his time at home. We are enjoying our time together. In reality, as long as we keep living our current frugal lifestyle, no more, no less, we have enough cash to last us for like forever! How much more money do we want in life? Let’s be honest here….how much more? The answer to that is ‘nothing’. We have sufficient. We have enough. And neither one of us will be guilted into changing our lifestyle or investment strategies whatsoever.
I’ve been a self-made millionaire when I sold my home in Southampton, Long Island, NY in 2001. I made enough money in equity to pleasantly retire at age 50. When my father died in 2005, he told me he was leaving me ‘enough’ money to finish construction on my new home (we added on a barn). He was right. I have enough. I don’t ‘need’ any more. This wild and reckless, stressful, agonizing roller coaster I have been on these last few weeks is over. Hubby and I just want to live out the rest of our lives in peace and tranquility. If we can maintain exactly what we have right now, for the rest of our lives, I’ll be ever grateful and contended. All the failures and mistakes I have made over my lifetime have finally revealed to me that it was all done to me with intention and purpose. I was given the opportunity to understand and learn what is important in my life and what brings my life joy.
It certainly isn’t making a killing on Wall Street.
We can pat ourselves on the back now. We’ve done good!