Leverage Up To FIRE or RE

Read? How Do I Know If I Have Safely Won the Financial Game?

In another interview, Dr Bernstein further elaborates what he meant by “won the game”.

“When you have acquired enough money to sustain you for the rest of your life, stop risking it. If you are financially independent but still working, you can dramatically lower the financial risks in your life by continuing to save and letting your investments compound, even if you use a less risky portfolio.

You may go from a 4% initial withdrawal rate to a 2% withdrawal rate. Perhaps you can go from a 60% stock portfolio to a 40% stock portfolio. You do not have to invest on margin either. FI without RE can allow you to lower risk.”


In investment blogosphere, we will read contradicting financial advice on how to FIRE or RE.

Snake oil will say something like this ...

Don't worry!

If capital not enough; then leverage up to FIRE or RE.

When you achieve  FIRE or RE; then how?

Listen to which advice? 

Dr Bernstein or Snake oil?

After de-risking or deleveraging; can still maintain FIRE or RE?

Hmm ... cheam?