If the OP feels he has enough money now, why would he consider the stock market at all? His only concern would be keeping up with inflation. I'd also suggest reading "Fooled by Randomness" before talking to any investment bankers.
Never risk something you actually need for something you don't need. Also, don't convince yourself that you don't really need something you actually do need.
One might be better off buying supplies so that one could survive for a week-long power-outage, say, than playing the market, right now.
A few months ago, an apartment building near me had one of its electrical transformers blow up. The residents had to evacuate that day, and were not allowed back into their building for a few weeks. Some suites were looted.
It made me realize that I was completely unprepared for that kind of scenario. How many people who pride themselves on their retirement plans are equally unprepared for this kind of rare event?
If the OP feels he has enough money now, why would he consider the stock market at all? His only concern would be keeping up with inflation. I'd also suggest reading "Fooled by Randomness" before talking to any investment bankers.
Never risk something you actually need for something you don't need. Also, don't convince yourself that you don't really need something you actually do need.
One might be better off buying supplies so that one could survive for a week-long power-outage, say, than playing the market, right now.
A few months ago, an apartment building near me had one of its electrical transformers blow up. The residents had to evacuate that day, and were not allowed back into their building for a few weeks. Some suites were looted.
It made me realize that I was completely unprepared for that kind of scenario. How many people who pride themselves on their retirement plans are equally unprepared for this kind of rare event?