Managing Our Money…

If I am known for anything here at RJsCorner is it my contrarian view of many things. Managing my money is one of them.  I know there are many blogs out their that strongly advise us to seek out financial planners to manage our money.  Supposedly they take a percentage of our assets each year in order to invest our money where it will get the highest earnings.

I admit that for the seventeenth year of my retirement from the corporate world I have yet to use a financial planner.  One of the reasons is cited in the quote above. In the end none of them have been able to beat the market.  Index funds don’t even try and that is where a significant portion of my assets are. But a good portion of them also reside in Treasury bonds and other less risky things.  This strategy has paid off for me in that my 401k has increased in value year after year.  It is considerably higher than it was when I first left corporate America.

I don’t have any heirs so I don’t plan on leaving any of my estate to someone else, even if I believed in such a thing which I don’t.  I think all of us should make our own way in the world instead of depending on someone else to do it for us.  I would love to be able to spend my last dime on my deathbed but since that is not possible I will leave what I have left to an organization that will use it to promote the common good in our country.

To me depending on a financial planner for my future is not where I want to go.  If they know so much about it how come they are still going to a 9-5 job? 🙂

But that is just my way of thinking…

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