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Sounds like you're doing a great job raising Parker!

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Thank you Stephen. I appreciate that.

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Apr 13, 2023Liked by Darnell Mayberry

Go Parker! Darnell, not sure what you’re doing rn with your portfolio, but I think having some cash on the side might be prudent.

I just recently bought a bond index that gives monthly interest, so it’s kinda like holding cash, as the index doesn’t move much.

I think it might be better than dividend stocks in the short to medium term, as you’re getting a high return due to high interest rates, as well as being able to remain flexible in case generational companies (or even the SP500) do hit more of a dip.

The problem with dividend companies, imo, is that they typically have low earnings & growth prospects, which would keep the stock price at, slightly above, or god forbid, below the price you bought it at.

For someone that’s trying to grow their money, I think a different asset allocation strategy might be prudent.

As always, just my two cents, would love to continue to hear more about your investing journey and wish you the best of luck in achieving your financial goals.

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Apr 13, 2023·edited Jul 30, 2023Author

Thank you, Ray. I appreciate the suggestions and the peek into how you’re smartly stashing your cash.

I have cash sprinkled about, with a small amount in a low-yield savings (for quick and easy access), some in a high-yield savings (a long-term hold), some in another high-yield savings (operating as my growing emergency fund) and some in the stock market (using the Vanguard 500 Index fund, or ticker symbol VOO, as a high-yield vehicle).

I’m also considering a treasury yield account with my brokerage that offers a percentage point more than my highest high-yield savings account.

But more than anything, I’m focused on fixing my foundation. I put the cart before the horse so to speak in a lot of ways. I’m slowing down with investing (aside from my retirement accounts), letting my hold time grow for tax purposes I’m sure you’re aware of and putting my efforts toward making sure my base is solid. The last thing I would want is to have to sell my assets because I didn’t reserve enough cash.

I’m in it for the long haul, and anything I do now is better than the way I was doing it. I’m sure I’ll learn and incorporate smarter techniques along the journey. But simply starting down this road has been life-changing for me.

Keep the comments coming, Ray!

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Apr 14, 2023Liked by Darnell Mayberry

Thanks Darnell, love your work. But yeah I think you have the right foundation. It’s really easy to get ahead of your skis with all the difficult nuances of the financial markets.

At the end of the day, you can only invest if you save more than you spend.

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Apr 14, 2023Liked by Darnell Mayberry

The cool thing about this entire project you're on is you'll be able to look back on these writings and podcasts with your daughter as a time capsule to always come back to. Revisiting these conversations down the road will carry so much intrinsic value and meaning, in addition to all the teachings you're passing onto Parker.

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Thank you Mark. I agree. This project already has formed into something I know we’ll be glad we did, regardless of how it turns out! I appreciate you following along with our journey.

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