Saturday, April 26, 2008

Simply happy

"It is simple to be happy. It is difficult to be simple."

"Simple is better than complex. Complex is better than complicated."

"Creativity is making complex things simple."

So, be simple and be happy. Start off with your house. Get rid of all necessary junk. The day you are able to pack your all absolutely needed belongings in 2 suitcases and leave, you are almost there. So, rent what you can own. Keep all your assets in real liquid. That does not mean you have to stuff all your money in your mattress. Stocks and other forms of investments are pretty liquid as long markets exist. You may think real estate, gold etc. appreciate much better. But, if history is any indicator, stocks have out performed real estate, gold etc. You can refer to Prof. Seigals 'Stocks for the long run' and many other books. If you still want real estate component in your portfolio, buy REITs which are investment companies which specialize in real estate.


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