1120: Alternative Investments for Savvy Retirees - Part 1 by Darrow Kirkpatrick of Can I Retire Yet

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🗓️ 3 April 2020

⏱️ 11 minutes

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Summary

Darrow Kirkpatrick of Can I Retire Yet shares his thoughts on alternative investments for savvy retirees. Episode 1120: Alternative Investments for Savvy Retirees - Part 1 by Darrow Kirkpatrick of Can I Retire Yet Darrow Kirkpatrick is the founder of CanIRetireYet.com. He began serious investing in his mid-30s and retired at age 50. He's not a dot com millionaire and didn't become financially independent by flipping real estate or trading hot stocks. He did it the traditional way: hard work, frugality, prudent investing, and patience. When it comes to personal finance, his top priorities are simplicity, reliability, and safety. Now his mission is to help others become financially independent as he did. More recently, Chris Mamula has been managing the blog and he's a frequent writer on the site. Chris used principles of traditional retirement planning, combined with creative lifestyle design, to retire from a career as a physical therapist at age 41. After poor experiences with the financial industry early in his professional life, he educated himself on investing and tax planning. Now he draws on his experience to write about wealth building, DIY investing, financial planning, early retirement, and lifestyle design. The original post is located here: https://www.caniretireyet.com/alternative-investments-savvy-retirees-part-1/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, episode 1120, alternative investments for savvy retirees, part one, by Darrow Kirkpatrick of Can I Retire yet.
0:12.0	And I'm your host and narrator here on optimal finance daily. My name is
0:15.8	Dan and I'm here every single day reading to you from some of the best personal finance
0:19.9	blogs on the planet. And I hope you are all well on this Friday and I'm going to keep this
0:24.5	intro nice and short for you and get right to our post from Darrow. So let's do that and
0:28.9	start optimizing your life. Alternative Investments for Savvy Retiree Part 1 by Darrow Kirkpatrick of Can I Retire Yet.com.
0:43.6	The baby boom generation has lived through a uniquely stable period in human history.
0:48.6	Yes, we've seen regional wars, terrorism, and economic dislocation, but there hasn't been wholesale destruction of a developed
0:55.8	country or its financial system since halfway through the last century.
0:59.7	It would be nice to think that the world has put such tragedies behind it. It would be nice to think that
1:04.2	the major powers understand that stability is in their best interest and that the smaller
1:08.8	powers will gradually burn out their destructive agendas and settle for negotiation and compromise.
1:14.8	But given human nature, a happy ending is not a foregone conclusion.
1:18.8	There are trends in today's world that if unchecked could lead to disruptions like we have not witnessed in our lifetimes.
1:25.0	Even without a global conflict or natural disaster,
1:28.0	our interconnected world, so dependent on modern technology, is more vulnerable in some ways than ever.
1:34.1	Such possibilities and the preparations they imply might sound far-fetched to you.
1:38.6	The odds of disaster are low and I'm not trying to scare anyone, but a certain percent of us were born with an eye to the future,
1:45.2	inclined to prudence and preparation. It's a quality nearly forgotten in today's world
1:50.2	that brought our ancestors through hard times.
1:52.6	Without it, we, their descendants, wouldn't be here today.
1:55.6	Dollar Diversification.
	...

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