Originally Posted by percy

About 10 years ago my favourite aunt passed suddenly at the age of 60. She was a textbook version of exactly everything you should do with your money. She had a financial planner, low risk, long term stocks, mutual fund etc,.. a portfolio that was built for the long run.

As an executor of her will, I was beside myself when the taxman came to collect from the estate upon death. The amount of money due was ridiculous. She did everything by the book, paid taxes and still was dinged with tens of thousands of dollars. That moment changed my view of investing and I have never looked back.

I keep 70% of my money in safety deposit boxes, 20% in my home safe and 10% in my chequing account. Now everyone will say, "but you are not making any interest on your money." That's right. And I'm not paying taxes on it either.

I am so fed up with banks that the only thing they do for me is automatically pay my bills and hold my money. Besides the amount of money of mine if they had it invested, would far outdo any pittance of interest that they would pay me back in return.

In 20 years I expect to have between 750-900 thousand in cash that I am free to use at any time - no hassles, no bullshit, no taxes on it. Like I said, I'm not making anything on it, but I ain't losing anything on it either