Do You Have An Investment Strategy?

[Shane Deubell]

God forbid we make a profit after paying ourselves a salary. Then what do you do with the profits?

Changes every year for me, in the start up years i had to plow any profits back into my business but now we pretty much have enough in reserves to get to where i want to go for the next 3 years range. Although can change my mind at any time, who knows..

Overall have 2 basic rules to live by: diversity and using low cost index funds {mainly vanguard} when putting into stock market. Try and break it into % and take a fresh look every new year.

2x year i see a financial planner and he charges $300 per visit and goes over what i am doing then offers suggestions.

20% back into company reserves

30% stocks through low cost index funds

20% bonds - low cost only

20% savings account for future rental property purchases

10%- high risk pool, this can be anything from buying individual stocks, gold, to starting another nichee service business, IE hair brained schemes.

 

[Desk Jockey]

Wow that's great Shane. We are constantly looking at different vehicles but always end up right back investing in this business.

I like your plan much better!

 

[Jim Martin]

I have a high maintenance wife........need I say more.......

 

[Ron K]

I have a high maintenance wife........need I say more.......

I thought you sold your Vortex!

 

[Jim Martin]

I thought you sold your Vortex!

......

 

[Shane Deubell]

Wow that's great Shane. We are constantly looking at different vehicles but always end up right back investing in this business.

I like your plan much better!

Its insurance, a hedging strategy against my own incompetence .

 

[ruff]

That's a great plan Shane.
If you stick with it, you'll do great.

 

[knoxclean]

I hooked up with Edward Jones years ago and my advisor is one smart cookie. She has done well for us over the years. I have also bought rental property for additional income.