Aussie Firebug

Ask Firebug Fridays - 9


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#AFFhttp://www.aussiefirebug.com/ask-firebug-fridays-9/Question 1 (5:28)Hey Firebug,You've factored in the costs of owning and paying off a house in your investment strategy, but it seems all your income is in the stock market, and unless I'm mistaken, you're renting right now.When the time comes, how are you going to fund your house deposit? Are you going to save money towards a deposit in the first couple years, sit on it, and invest the surplus into stocks (effectively starting your retirement clock after the deposit is saved)?Are you going to reach your FI number and then save for a deposit? Drawdown from your stock portfolio?What would you recommend? I'm starting my FI journey and am in the exact same position.Thanks for all the content!LukeQuestion 2 (13:45)Hi Aussie Firebug,Loving the new podcast! :)What do you think about this whole idea of a "retirement number". Have you tried to calculate what number you need to hit before you feel comfortable with retiring? And once you do, do you think you will right away? Or do you think you would be inclined to work a few more years to increase that safety margin? Maybe even think "hey with a bigger asset base I can take on some luxuries down the road if I want to"?The reason I ask is I've been reading about this on the blogosphere and I can estimate my living expenses and how much I could live on, but if I picture myself today holding that bag of money I think I would be anxious to pull the plug like that. I wonder "hey what if a medical emergency came up and I needed to shell out 20k for a surgery?". Or some other unforeseen major expense came up... say a family member needed my financial support?What do you think?LanceQuestion 3(25:13)Hi,Loving the Friday questions.Often mentioned how important buying below the NTA, however many of the good performing LICs such as WAM are often at a premium and many which are at a discount are permanently under the NTA, so can’t see the benefit of buying at a discount if it’s permanently at a discount?Would love to hear your thoughts on this?ThanksDavid
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