No. of Recommendations: 1
I don't think there is one answer for everyone. It really depends on the persons investing skills.
Actually, not really so much a persons individual skills as much as their knowledge of what's actually available in the hands-off safe growth options... *AND* probably even more importantly; their ability to have their reason and logic override their emotions

And probably most important, how they choose to spend their time & effort.

When I retired early, many co-workers dropped by to chat and ask how I could afford to retire at 58. I said that for the last 10 years I spent 10-25 hours a week at investing, both learning and doing, but mostly learning. 40 hours working at Motorola, 10 hours working for myself at home = 50-60 hours working a week.
They generally lost interest at that point.

My (also retired) friend & neighbor chooses to spend his time puttering in the garage and holding down a part-time job as janitor/handyman at a church (not his church, another one). I have given him some basic & simple papers & books -- such as how to buy Preferred Stocks that pay 5%-8%. He moans about the bank paying 0.10% interest rate, but he never bothered to even read the 10-page paper I gave him, let alone discuss it with me, even though I offered.

As the guy at says, poor people are poor largely because they choose to be.
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