investing/trading...ive had a gut full., page-15

Retirement is a major issue but you certainly do not need $2 million plus earning 5% unless of course you want to go overseas every year, go to fancy restaurants and give your grandchildren lovely cash presents for any occasion and you want to still accumulate.

You can't take your money to the grave so $2 million plus is more than enough even eating into all of your capital.

Problem in Australia is that people are not willing to live humble comfortable lifestyles.

You can live just as easily on $1 million fully invested in first mortgages earning over 10%. Of course your capital doesn't appreciate but it certainly is preserved. Yes, you lose longer term due to the inflation effect but who gives a hoot except for your kids and grand children that want your money for doing nothing. In most cases unless you are of ethnic background, your kids will have you in a nursing home quicker than you can say "I'm still here".

It's all about saving in the end and being frugle with your money when you are young.

:)
Nic