Is that your goal? I mean *your* goal since IMO it's not a universal goal. Don't get bullied into thinking that you're leaving money on the table if you don't put your savings to work. That's no different than the common complaint EREs get that they're wasting their education or hard-earned credentials by pulling the plug early on their careers.Jin+Guice wrote: ↑Sun Sep 08, 2019 1:52 pmI also appreciate the reminder that I don't have to be all or nothing in paper assets and can start investing in stocks slowly, with relatively easy criteria. I also needed to be reminded that sitting in 100% cash equivalents, even if I am able to match inflation (which I understand is not guaranteed) is not a wise move. The goal is to have that money make money, which will always involve risk (just like staying in cash). Looking at the numbers on a screen without using them is a failure.
I also need to think more about how to withdrawal in semi-ERE. When am I o.k. with drawing down? When am I o.k. with not saving as much? When do I feel I need to save more? I've been operating under the accumulation -> retirement paradigm, but this isn't really what I want to do.
It's totally ok to keep part of your money buried in the backyard if that helps you sleep at night. You might decide to always keep some percentage or fixed dollar amount (like 5 years expenses) in a cash equivalent and only invest the surplus. If you intend to semi-ERE, it might make perfect sense to keep a few years of expenses in cash and only invest with the rest.
I'm also going to add that you don't have to invest in the broader market. I've known traders who specialized in certain fields with which they were familiar (like biotech or pharma). Honestly, you don't have to invest in the market at all. I've also known people who were better at trading collectible-type items and did that instead (guns, art work, rare books, etc). Maybe your background in music gives you an advantage that way? Or is there an aspect of traditional investing who's business overlaps with your own interests/knowledge? I'm just tossing out ideas to get you to think about investing in a new way. You need to learn the basics of investing and grasp all the ways you can lose money, but when it comes time to invest, you might enjoy it more if you specialize in businesses that overlap with your own interests (whether through stocks or some other way).