Most people believe the purpose of investing is to make money. However, under that perspective, it is impossible not to move the goal posts … How much is enough? Greed says there’s never enough.
But, under the perspective of sustaining your Standard of Individual Living (SOIL), there is just one answer to the question How much is enough? Enough to sustain your SOIL when you are not working anymore.
[…] What is it you should be trying to do with your money? That answer is here in this blog … Moving your Goal Posts. […]
[…] Is it to make money (note: the goal posts keep getting moved under that metric of success)? I submit, that because people will rely on their portfolios the rest of their lives in retirement, the purpose is much more important than that. See this blog for the answer… […]