Reply to "Stupidity"

I’m always amazed at the real life honesty that comes out in these posts. I’m a doctor so I’m ok financially. I think that financial matters with the wife should be completely transparent. I’ve probably gone a bit too far allowing my wife to take care of all of our expenses except for pension, stock investments, real estate  and  whole life investment strategies.  I’m a doctor so I’m a idiot when it comes to money. Smartest thing I’ve ever done was buying a small house in Charlottesville to house my kids while they were educated and now could serve for rental income or if things go well a nice retirement residence.
I know that most people will not  agree with this but the next best thing I did was investing in a whole life insurance policy. I started investing in this when I was 36 and if I continue to feed this policy I will get 3 times as much out of it as I’ve invested. If you are willing to go the long term and you are willing to die at some time a whole life policy can be very valuable for you and your family. I actually bought an intermeccanica paying no capital gains using the policy.
I know this isn’t real useful to most people on this site because the investments are long term. But buying a house in a college town where rental income or appreciation will always be guaranteed is a no brainer.  Or investing in a whole life insurance plan early in life where appreciation is little affected by the stock market is awesome.  I’m just a dumb doctor when it comes to investments but those are the two best things I ever done.
I’m not sure buying clown cars is a great investment but it’s sure brought me a lot of joy.