>That's an impressive bench anon.
>What's the size of your brokerage account?
 UFOs Are A Psyop Shirt $21.68 |
 DMT Has Friends For Me Shirt $21.68 |
UFOs Are A Psyop Shirt $21.68 |
>That's an impressive bench anon. >What's the size of your brokerage account?
What's the size of the hair follicles on your head? What's the size of your tiny penis and balls?
honestly as much as people make fun of him, if someone else is hosting his show i turn it off
Not only that, he can host the show but nowadays he let others take over and talk. Worst is when his daughter is on the show to promote her new books. I’m glad I can just watch clips from years ago instead of his new shit.
definitely. he's transitioning to retiring clearly and the show is going all vanilla without his grumpy ass being in the chair
I'm too dumb to invest but smart enough to not throw my money at it blindly.
Just put your money in the S&P 500 when the economy is down
These words confuse and alarm me.
Just buy a basic index fund and set it and forget it.
I invest £100 monthly into my ISA and I never even bother looking at it.
Feels good.
>2023 and he's not maxxing his ISA
Shiggy
It's a collection of the top 500 biggest companies in our economy
Ironically also the top performing by far. The S&P is complete schizo being dragged up by TechTRANNIES
>The S&P is complete schizo being dragged up by TechTRANNIES
What do you mean? Should I take my savings out of it?
I'm not gonna advise you to do anything. But how do you not know what to do? Did you just put money in there without thought?
Technically it looks like a double top on the monthly chart. Also CPI could become worse thanks to higher Oil prices, as well as Fuel oil/diesel especially. Look at cocoa, sugar, orange juice. The fed might hike once more.
What pulled the S&P up this far was unironically the Tech Sector, just look at the NASDAQ or FAANG. They performed far better and are the reason the S&P got this high.
>Did you just put money in there without thought?
No obviously not. I had been moving my money around the market a lot and making some extra cash here and there but once the market went bearmode I just put my shit in the S&P and forgot about it for awhile. It's come back up a bit and I'm always looking for advice on what to do next, I'm not arrogant enough to think that I can just figure out everything on my own without other people's input
What market went bearmode? You mean 2022? Cause for now we've been either in another bullrun or a "bearmarket rallye". As I said, this pump is primarily tech and especially because of AI. I personally don't see a lot upside potential. Rates will stay higher, might get another hike. No cuts until mid 2024 I'd say an even then the Fed shoul NEVER go below 3% ever again.
Then you also have the downgrade of the US by fitch, which might be a barrier to the upside.
>What market went bearmode? You mean 2022?
Yes I meant 2022. The Fed what should never go below 3% again?
The interest rates.
No. Look at its performance over the last 20, 30, 50 years. There will be dips, might even be crashes but it will recover. Unless you're looking to buy a house in the next 5 or so years in which case put your money in bonds, they're safer but lower returns
Time in the market beats timing the market
This applies to the US ponzi, not to all stock markets. Question is, will it be forever like that?
Yeah that's about what I thought as well. Thank you for the advice Anon
>Question is, will it be forever like that?
I think it will be for the immediate future. The government has shown time and time again that it will bail out megacorps that are about to go bankrupt for the sake of stability or whatever. I'd say it's a safe bet for now
>I think it will be for the immediate future.
Despite an era of higher rates in the immediate future. Lol, your money. I'm short EU.
>Ironically also the top performing by far.
Yes, that's literally how it works
Only the top performers are in the S&P500 by definition, so unless there's a recession it will always grow as bad performers drop from the list and get replaced with better companies
90%+ of the S&P is owned by 3 conglomerates, it's hardly an indicator of anything beyond what they're doing.
most people say to put it in the S&P because it's a big assortment of companies that are big enough they won't close in 5 years. You'll get slow steady profit but don't expect to become a millionare in 3 years with it.
If that's too hard look into a roth ira, basically it's you just putting money into a savings account that's already taxed so in 30-50years you get ALL the money in there. You can only add 5k a year into the account but if you start early by 60 you should have a mil
What terrible, low-return advice you're giving.
>listen bro if you put your money into these specific stocks nor this specific high-expense-ratio fund, you can beat thr market no problemo
>what's that? You want to know why my portfolio over the last 10 years is flat despite constant cash infusions? Don't worry about it.
Nta btw.
A Roth IRA can hold index funds, the IRA itself is just the tax-advantaged account in which the funds can be held. Also, the upper yearly limit is now $6.5k, so it works pretty well
6.5k a year is nothing. I was investing over 40k a year when I had money and it still felt like nothing. Even with max contribution, best case scenario with market returns, after twenty two years of this and being almost 50 it would only be $320,000 thousand. That's nothing. A joke. Unless you plan on SSDI maxing and avoiding the early penalty and being satisfied with whatever measly sum is in it for a down-payment, it's just locking your money up and setting you back in life. Roth is chump change midwit advice.
Roth IRAs (or IRAs in general) are meant for middle-class workers who are looking for better places to store their savings*, not douchebags lying on the internet about how much money they gamble away on retail "investments"
*really all tax-advantaged investment accounts were created to prop up the stock market and give it an air of legitimacy against the elites who use it to launder money, but for the purposes of ridiculing your post we'll go with the cover story
the s&p500 is an index
he obviously meant an ETF you nerd
You must be autistic to so blatantly misinterpret his simple statement
Only people with double digit IQs take advice from him.
>boomer nepo baby who's rich daddy bailed him out of 2 businesses and his real estate portfolio when they all shit the bed on different occasions gives out financial advice
>midwits eat it up
You're forgetting to include the fact that his father also bought him said real estate portfolio, which he mismanaged so poorly he drove it into the ground. His father also funded his first business, not sure about his second.
one thing about his wealth is that he acts like it's his baby steps. he got wealthy because he has a huge audience and created a big media company, and in real estate. yet his advice is like "get a job and maxx your 401k, middle classers"
You also forgot the part where he swore up and down:
>yeah just rent for 38 years while you pay down your debt then you can think about buying a house
best thing I ever did was not listen to him. When I saw interest rates below typical inflation of 2-3% I knew it was basically free money.
My aunt obsessed over this guy and kept buying his books for my birthday and Christmas. She underhandedly tried to point out my parents were happy financially, which they were and that was weird but she never had kids anyways.
The only thing I think I ever picked up from him was the envelopes to budget, and really that's just for my dad money / mad cash.
We refinanced with the first round of covid bucks and locked in at 2.75%.
>locked in at 2.75%.
Based inflation dodger.
I did the envelope thing for a while, then just sperged out and did it in an excel sheet that was tied to my bank accounts.
Also don't like how he lectures people on the "moral" thing to do.
>you can take the loan forgiveness but it isn't the right thing to do son
or
>you gotta man up and marry her
everyone on top is keeping everyone down just due to
>less competition
If he actually gave good advice it could eat into his own profit.
He occasionally does have solid advice. Mainly, move out of your parents home as soon as you can for the mental and emotional growth.
I didn’t know this. Frick this guy. In highschool my Eco teacher would just put his DVDs on and that was our class.
I don't think moving out as soon as possible is a good idea. I think, so long are your parents are fine with it, live with them as long as you need while you get a financially independent.
You're really going to change your opinion on a dime based on what some autists from IST said? I have never heard this and looked it up and can't find anything. He grew up in Antioch, TN. That is not a rich area.
Post a source that says
>his dad bought him the real estate
>his dad gave him money to get out of debt
or gtfoh homosexuals
>bootlicking for a bald ugly dicklet boomer
Kys you homosexual, he's the absolute opposite of a self made man.
Yeah that's what I thought. Now please kindly, g.t.f.o.h. you full of shit homosexuals
>Post a source that says
>>his dad bought him the real estate
>>his dad gave him money to get out of debt
>or gtfoh homosexuals
He's a boomer so objectively he had it far far easier than anybody born after him to an absurd degree. No boomers or gen Xers are self made by any means
>guy with real estate interests wants you to rent or buy housing
it would really help him if you followed his advice
>live in a cardboard box because some other guy owns real estate and you want to spite him
If these people are tens or hundreds of thousands it debt what more do they have to lose?
Yup. It’s good advice if you’re stupid as frick and buried in debt
Muscle is a better measure of a man than money. Sure I'd prefer the money but it's foolish to be proud of having money in today's world.
>Muscle is a better measure of a man than money
Said no woman ever
Women are artificially kept alive by men. They can't even satisfy their most basic necessities on their own. They have no say in what makes a man. Also if your wrists are below 8 inches or have a discord account your opinion is equally worthless so don't bother
>They have no say in what makes a man
That is where you are wrong. The entire world revolves around who they consider a man, or not.
Your world does. In real life, as long as humans have existed and before, the wants & opinions of females has had virtually no impact who gets to reproduce, if you want to make a naturalistic argument. Aditionally being a ""real man"" is a purely socially constructed concept. It doesn't matter wether or not you consider someone a """real man""" if he can bash your skull in without effort
>the wants & opinions of females has had virtually no impact who gets to reproduce, if you want to make a naturalistic argument
Wrong. Female choice had a massive effect on human evolution, practically in intelligence.
Women can't make choices, they don't have agency.
>Women can't make choices, they don't have agency.
Now you are just coping. If the opinions of women really didn't matter in our natural history, then no many would ever get nervous around them,
No man gets nervous around women, only incels (i.e., "men" with the brains of women). And if you are looking at it from an evolutionary perspective incels only exist because of generations of dysgenics and a society too weak to kill them off properly.
The ragebait is so obvious that it's actually charming
Yes, ancient hominids were known particularly for their egalitarianism & feminist attitudes. Lmao.
>Yes, ancient hominids were known particularly for their egalitarianism & feminist attitudes
Strawman.
Humans lived in small tribes comprising between 80-100 people. In those small tribes, men competed with each other for access to women. The men would compete and the women would choose. There were always brute and tyrants who would attempt to sequester all the women for themselves, but men became very good at forming coalitions and removed tyrants when they appeared. There were plenty of times when the neighboring tribe would raid a village, particularly for their women, and I won't deny that it took place. But most of the dynamics that took place in our prehistory were individuals making choices in the environment of small hunter gather band.
Cool theory. However at the end of the day natural selection always prevails over sexual selection. It doesn't matter what individuals want & think, if they don't have access to resources and someone stronger does
>However at the end of the day natural selection always prevails over sexual selection.
Sexual selection is part of natural selection.
It is not. That is why we have the distinction
>That is why we have the distinction
Humans have intelligence because women SELECTED for it in their mates
Humans have intelligence because higher intelligence is helpful for survival & access to resources
>Humans have intelligence because higher intelligence is helpful for survival & access to resources
Which is why women selected for it.
>I'm going to SELECT the guy that is alive and has food instead of the dead guy. It's my personal choice!
Brave and independent
yes I'm sure women made sure they were only raped by the smartest males in the jungle
>yes I'm sure women made sure they were only raped by the smartest males in the jungle
None of that makes any sense. If what you say is true, then men would literally not give a single solitary shit about what women think, at all. But do we see this at all? Of course not. 10 men are talking to each other in a room. A 10/10 woman walks in. What happens? 9 out of the 10 men will stand up straighter, puff out their chests, attempt to speak with a lower voice, flex their biceps. In other words, attempt to stand out an impress her.
The type of dynamic that you are talking about might have been common a very very long time ago, we're talking before we became anatomically modern humans. Modern human males are very concerned with what women think about them. There is no point in continuing if you deny this.
modern "men" also think homosexuality is normal and that Black folk are the same as whites
human brains are very pliable, we don't run on pure instinct
back in the day (so literally 150 years ago, not stone age jungle monkey era) men didn't give a frick about what women think
if you look at traditional cultures that still exist today, like fundamentalist muslims, indians, most of africa, etc, their men still don't give a shit what the women think, reproduction is controlled by men because men are the mightier gender by nature
>if you look at traditional cultures that still exist today, like fundamentalist muslims, indians, most of africa, etc, their men still don't give a shit what the women think, reproduction is controlled by men because men are the mightier gender by nature
The same dynamics exist, they just move underground.
>The same dynamics exist, they just move underground
maybe in terms of women cucking their arranged husbands, but in traditional cultures if they are caught the man and the woman both are punished severely, often with death. that doesn't sound very naturally selected to me pal
And yes its 100% possible for women to get away with their dual mating strategy, they evolved for it, but remember that humans existed outside civilization for 100s of times longer than inside, there hasn't been any time for agricultural civilization to select away the cucking/raping behaviors, much less since paternity tests were available.
And in the jungle, it's just as likely that a woman intentionally cucks her primary provider as she gets raped while gathering berries, all you have to do to pass your genes on is a 5 minute nut and strut, an extremely low bar for the much stronger males.
>in traditional cultures if they are caught the man and the woman both are punished severely, often with death
If you say so. My hunch is that it's subtly swept under the rug 9 times out of 10. The 1 time you will see in the news.
It's more that it's extremely difficult to catch cheating women without paternity tests
Also, if you think rape didn't happen A LOT, you're just straight up wrong. All human women are evolved to be raped. Women get wet and orgasm when they are raped. If they didn't get wet and loosen up in the jungle when they were being held down by a male, the rape could easily tear up their vegana and kill them via internal bleeding for infection. So basically it follows that women got raped so much that only women who were genetically equipped to be raped reproduced.
>Also, if you think rape didn't happen A LOT, you're just straight up wrong.
I don't know what the anthropologically current answer is, but ALOT sounds like an overstatement. It did happen, no doubt.
Well, it happened enough that the genetic line of all hominids and later human women that were incapable of enjoying/anticipating/taking rape literally died out
really activates my almonds
No to mention that humans are uniquely suited to rape, due to the geometry of our genitals, opposable thumbs, and high dexterity.
Lots of animals are just completely incapable of raping each other, and our bodies are way better shaped for it than animals that do rape, like ducks, which last I checked have no hands to pin down the girl ducks with.
>Well, it happened enough that the genetic line of all hominids and later human women that were incapable of enjoying/anticipating/taking rape literally died out
I'm sure there is an answer out there, I have the feeling that you want it to be more common than it actually was.
The answer is quite obvious, you just want to believe that grug in the jungle cared about the feelings of the 15 year old he caught alone eating crickets
>The answer is quite obvious
No it isn't. The answer would be found through decades of research.
>trust the science instead of basic irrefutable logic
ok homosexual whatever fairy tale you want to believe
>basic irrefutable logic
The only thing I'm 100% sure of in this room is that you are going to get nervous around the next hot women you encounter. That is not the product of a gigachad who raped every woman he saw and didn't give a shit about what she thought.
if it weren't for the state (made up of MEN) and their husbands/bfs (who are MEN) threatening me with violence (the realm of MEN) I would be able to basically rape every woman I see, barring weapons invented in the last couple of millennia like metal knives and guns. But obviously females have always controlled reproduction because they have to consent to every sexual encounter.
>if it weren't for the state (made up of MEN) and their husbands/bfs (who are MEN) threatening me with violence (the realm of MEN) I would be able to basically rape every woman I see, barring weapons invented in the last couple of millennia like metal knives and guns. But obviously females have always controlled reproduction because they have to consent to every sexual encounter.
Amazing how you can't see what you just wrote was an affirmation if what I have been saying this entire time.
Him saying that men control reproduction affirms what you were saying the whole time? So you just did a 180? Lmao
>Him saying that men control reproduction affirms what you were saying the whole time? So you just did a 180? Lmao
I said at the very start that men created collations to protect women. What is society, other than a massive collation created and maintained largely by men?
Then it isn't women controlling any part of reproduction if they need men to enforce it
>Then it isn't women controlling any part of reproduction if they need men to enforce it
Who's really in control, person A who has the gun, or person B, who doesn't have a gun, but person A is trying to impress person B?
Person A doesn't have a gun moron
What?
Person C who has a bigger gun
Culture & social standing affects feelings just as much as genetics does. Women's social standing in the west now is much different from 99% of human history, and so are men's feelings towards them. Kim Jong Un as a 3/10 isn't going to be nervous around a 9/10 woman, because of social standing, not genetics
>Kim Jong Un as a 3/10 isn't going to be nervous around a 9/10 woman, because of social standing, not genetics
True, but this is in the context of a random man bumping into a random woman on the street. Kim Jong Un has money and power, which easily tilts the situation in his favor. He has real thing that women really want, so the power dynamic is different. It's why men buy expensive cars and watches, they want to flaunt their ability to get resources in front of women.
And so the dynamics between men & women in the modern world say very little about what is natural, because of how easily influenced it is by culture (men being nervous around women for 1% of human history =/= that was the case for the other 99%) Like the other anon said, if you removed the state & repercussions brought upon you by other men, you probably wouidn't be nervous around women anymore, and so it is not the women making you nervous
>My hunch is that it's subtly swept under the rug 9 times out of 10.
So you just shit your pants and pretend the opposite happens, because you're too moronic to consider that you're wrong.
>9 out of the 10 men will stand up straighter, puff out their chests, attempt to speak with a lower voice, flex their biceps. In other words, attempt to stand out an impress her.
9/10 men are what are commonly called "beta males" and don't get to reproduce in 2023
ironically only the men who don't care about women think have a chance of reproducing even in today's female-controlled dating market
LMAO
>9/10 men are what are commonly called "beta males" and don't get to reproduce in 2023
Not relevant
>ironically only the men who don't care about women think have a chance of reproducing even in today's female-controlled dating market
Bullshit, you have ingested too many internet memes. Chad does care what women think about him. At least until he moves on to the next woman.
>Chad does care what women think about him.
ok incel lol
With money you'll have more time to build muscle.
YOU FRICKIN moron, YOU SHORT NOW, ESPECIALLY EUROPE
Wednesday it's over anyways
Where should I start to get into options trading? I don't trust IST so I don't want to ask them.
I'm from /Biz. If then go to /SMG (stock market general). In regular people will actually help you and not try to scam you or fool you.
Since I have to assume you are US I can't really help you. Heard of Schwab, Etrade, Robinhood (most dislike it) Fidelity and probably many others I can't remember right now.
Alright, I'll do thay then. Thank you.
>Robinhood
RobYOUhood. They shut trading prematurely numerous times like GNUS before the exchange did. They don't execute options fastly. Their premarket trading begins long after a normal broker. Best brainlet interface is webull. Best professional setup is interactive brokers. I'll never forget how many trades I've made which were solid and were botched by the robYOUhood interface. I will not give this company money and they are strongly afflilaited with Bankman Fried guy. Closed my account with them for good.
I honestly wouldn't recommend options, it's a very quick way for things to go breasts up. It can definitely go incredibly well and I can't remember the exact number but it's something like 80+% of people who lose money on options. That's not to say you can't make it work though.
Definitely a good way to go about it. Saves you a lot of the stress then when you actually get old you can readjust into something more stable. The only thing if recommend is also having a solid emergency fund so that if anything ever happens you've got a few months to get a new job, get a cheap new car if your current one is fricked and insurance doesn't pay out or something, etc.
Noted, thank you. I think I'm going to try paper trading for a bit and if it goes well I'll move to real money.
Well obviously someone who doesn't know anything wouldn't know if trading options is a bad idea, how on earth would I know better?
It is a bad idea.
Signed,
CFA, CFP, Wall Street professional.
Paper trading can be good but it often generates survivorship bias. A lot of people paper trade for a week, maybe a month and make 5-10%. Then they think trading can't be all that hard because I made money when I was paper trading so I better start using real money or I'm just missing out. Then they continue believing they must be some kind of savant chasing the profits they made paper trading but instead losing their actual money.
I understand it's a gloomy way to look at it but ultimately trading becomes an emotional game for a lot of people which is why they lose money. They see the green gains and just keep waiting expecting the gains to go higher or they see red on market open and insta sell. It can become an obsession for people, the exact same as gambling. I personally don't trade individual stocks anymore, I didn't lose money but I have an addictive personality and I'm impulsively prone to chasing those dopamine highs. I knew the best thing I could do was dump it into an ETF or crypto into cold storage and leave it.
That's fair, I definitely fall into the gambler mindset a bit. I guess I'll steer clear. Appreciate the candid advice, anon.
You're welcome, anon. Best to be realistic about these things rather than fall foul accidentally to what looked like good DD but was actually just a bot shilling to create exit liquidity for a millionaire.
How moronic are you?
>Bro just get into the crypto pump and dump scheme
have a nice day
>I don’t know shit
>I wanna trade options
Yes, of course do this. This isn’t a recipe for disaster at all.
Fricking idiots I swear to god.
yes yes, we know we know, everyone on IST is a multi millionaire by 30, own all their homes with a 1% interest rate, this is why we need shitpost threads like this,
Don't forget working from home as a software engineer while doing 2 hours of work, being a boomer yet being able to smash prime, 10/10 raw 18-22 year old pussy and can do 2/3/4/5 after 1 year of lifting lmfao
>working from home as a software engineer while doing 2 hours of work
This is me except it’s 2 hours a day and I’ll never be promoted while being a lazy piece of shit
he's fat therefore i'm not taking his advice
>>What's the size of your brokerage account?
I reject the worship of Mammon.
If you're a financial moron who maxes put credit cards and impulse buys bug items every week with no savings, Dave's advice is great. He excellent in getting tards out of debt.
As soon as you leave tard lagoon and start having disposable income to help grow, Dave's advice is shit. He recommends badly diversified funds that he gets kickbacks from with horrible expense ratios.
>tard lagoon
i will never leave
>Finesteride!?... And you're how old? Jesus...
>I see... Well do you have 1000 grams of whey in your emergency stash?
>no, but I have 800,000 g of non-activated almonds
The amount of money you have is just a number. What matters is how much you bench press.
You spent HOW much on a bowflex?
Sell it. Sell it right now and buy yourself an old jungle gym.
BEANS AND RICE
RICE AND BEANS
Finally got a higher paying job. I contribute the match percentage of my 401K and have a roth IRA that I max every year (still not much in it though yet). I still have around $50,000 just sitting in a high yield savings account. What do I do with it? If the market crashes I may buy a house.
>based Dave tells people not to pay ~~*interest*~~
>IST shits all over him
Hmmm really makes you wonder who is behind all these posts
he tells people they need to get an investment manager who will take a huge chunk of returns, because they're going to beat the market so it's worth it*
*only go to a ramsey-accredited one so he gets his kickback
I dont give a shit about making money, my wagie cagie pays enough to afford the internets and food, and if thats taken away from me I'm just going to start committing crimes. People who "invest" in shit to have some "retirement funds" are fricking tools.
All investment accounts combined, just under $1.5M. All invested in a low-cost globally diversified portfolio of index ETFs.
Retiring in 17 months at age 34.
WAGMI
This isn’t nearly enough to retire in the current inflationary environment that’s only going to get worse. Your portfolio isn’t going to grow at the necessary 4% after inflation and won’t have enough cash yield. Huge mistake for you to retire now. That portfolio will be 50% of what you need in the next ten years. After that, it will be confiscated and given to the third world rabble invading the west. Unless you’re a member of the tribe change this strategy before you’re fricked.
I have $1.5M now but we also make $600K per year so we’ll add a lot to it over the next 17 months. We’re also already below the 2021 market peak so we’ve already dodged some potential sequence of returns risk of the 2021 cohort.
> Your portfolio isn’t going to grow at the necessary 4% after inflation
That’s not how the 4% rule works, and we’ll be withdrawing less than 4% of the starting balance
> won’t have enough cash yield
This tells me you don’t know shit about finance. Cash currently yields over 5%, presumably you mean income from the portfolio. You don’t just live on income, you also sell shares to get up to your desired annual spend. Share vale’s grow over time unless a business is shrinking/declining
> Huge mistake for you to retire now
See my point about already avoiding the max sequence risk of the 2021 cohort. What’s your basics for this statement?
> That portfolio will be 50% of what you need in the next ten years
Feel free to say more, but that sounds like it based on nothing, rather than something. Our starting withdrawal rate will be 3.5% and we’ll have a paid-off home on top of a $1.7M-$1.8M portfolio.
> After that, it will be confiscated and given to the third world rabble invading the west
Oh, so this is nonsense conspiracy garbage. Probably should have just said that instead of the point-by-point response.
You revealed your midwit understanding of inflationary concepts. The funds you invested in (including your precious 5% short term treasuries) are losing 2%+ to even the 7% core CPI. Major indices have been growing at core CPI at best, which is much lower than the way the govt used to calculate inflation (see shadow stats for actual inflation). If you aren’t beating inflation you will be eating into your base. This is before we even consider that the debt levels aren’t sustainable and must be inflated away to prevent default. History and financial experts/economist indicate we’re due for a decent downturn. Thus, your base is getting hammered for several years best case. Your call to do with your money, but you’ve been sold a lie by whatever FIRE/FATFiRE bullshit you bought into
> 7% core CPI
picrel
also, do you know the 20-year average core CPI including 2021 and 2022? Hint: it’s still under 2%.
> see shadow stats for actual inflation
hahahahhaahahahahahahahha
You’re aware the shadow stats guy recently, in an interview, admitted that his methodology is to just take government CPI metrics and add a CONSTANT, right? He just made up a number and adds that amount to inflation every single month. Great methodology, especially since it has nothing to do with prices, and doesn’t take prices into account when coming up with the number. Just add a constant!
> History and financial experts/economist indicate we’re due for a decent downturn. Thus, your base is getting hammered for several years best case.
Maybe you can start by reading ERN’s safe withdrawal rate series. And if that’s not good enough, maybe try William Sharpe’s Retirement Income Analysis. Or the recent Cederberg paper, which I would argue has the best methodology to date. We have actual information and long-term data you can use when conducting these analyses. You’re correct that high inflation is the largest threat to an early retirement, but historical withdrawal rate studies include periods of significantly higher inflation than we’re facing today, and our withdrawal rate will be significantly lower than 4%.
Turn off zerohedge and use your brain sometime, my dude.
>basing your 2% on cooked CPI that removed outliers that you still must pay for and ignoring that debt can only either default or be inflated away
>ignoring that even a 2008 tier recession drops your portfolio 50% and requiring 100% gain to get back to base
>thinking interest rates are sustainable
>bases argument on historical data when debt levels in major western govts aren’t near what they were today
>ignoring that stmt on all your investments that says “past performance not indicative of future performance” and pretending we have the population growth, easy resources, and industrial capacity that generated those historical returns
>no retort when called out on FIRE/FATFIRE/MR money mustache bs
>admits to living in “le bourgeois metro area” with “le public transport” that is turning into shithole with lower housing prices
>soijack face zerohedge bashing
Thanks for the laughs
This homie doesn't know about Bob the world's worst market timer.
Point to where I said to time the market or make a particular investment. I just know you better have $3-4M (I’ll have $5-10m by retirement). I’m also not someone who is bragging about having no kids due to impotency/dry c**t wife/or loving travel and Rick and Morty and cereal over progeny though.
Wait, so you’re saying you plan to retire with a larger portfolio because you expect to have higher expenses?
You are aware different people spend different amounts of money, right?
I can retire on $2.5M because of the specifics of my lifestyle. If you need $5M to retire because you spend more, that seems sensible.
Seems like the biggest problem you have is not understanding that different people have different circumstances. That and the whole lack of data, zerohedge, doomed degrowth, actually relying on shadow stats (people who work in finance are literally laughing about people like you), and not engaging with any data on any decision you’ve ever made, ever.
Have kids if you want them, my wife and I have decided against it. Doubt that’s likely to determine whether or not our retirement is successful though.
Stay mad, champ.
>retire early at 34 with no kids
so you and your wife are just going to do nothing for the next 50 years? youre going to "just travel" for 50 years straight with the two of you? lol
>if you’re not filing TPS reports on Saturday morning to boost your boss’s metrics, you’re not truly living.
It’s a pretty small vision of life, isn’t it?
We are starting with a six-month round-the world trip that will include a safari, Galapagos, Antarctica, Patagonia, and a few others that take multiple weeks, and if you wait another 10-20 years your ability to see them may become significantly more restricted.
Within the year after that,
I’ll be training up, planning, and doing the Pacific Crest Trail hike, 5-6 months of hiking from Mexico to Canada.
Then once things settle down:
We’ll sleep 8hrs per night, wake up and spend the first hour of the day together making a leisurely breakfast And having coffee together.
Every Monday when everyone else goes to work, we’ll have a date morning where we visit a different coffee shop in the city every week.
After breakfast every day, we’ll be exercising (lifting, cardio, or yoga/pilates) daily, plus signing up for sports, hiking, skiing, and other athletic activities.
We will do all of our chores like grocery shopping, when the stores are empty, at our own pace.
I plan to “read the classics” which is something I did a lot in high school but fell out of once I started working.
I am fluent in engineering and finance, but I’ve always wanted to be able to study many different fields, starting with the fundamentals. Physics is near the top of my list.
I will become fluent in French and spend at least a year living in a French-speaking city.
I play the guitar and will be joining a band to play more regularly when I retire.
>does one year of traveling
>followed by 50 years of "we will wake up and do grocery shopping"
lol
>I can only be fulfilled if I have a man telling me what to do, to maximize profits for a corporation whose goals are unrelated to mine
Not hard for me to check back into this mode of living if I find out it’s the only path to meaning. Glad for you that you’ve already discovered that.
Don’t forget to set your alarm for whatever time Mr. Johnson tells you!
>being this fixated and insecure about the "job" aspect when really its about "we will definitely not be having children"
yeah dude, what a fulfilling life you're clearly planning to have without children that you've already decided on. your days filled with waking up, making breakfast, reading, and all the desperate attempts to find meaning in your life with hobbies and activities and hopefully meeting friends while you continue not having children. the level of selfishness you clearly portray in your posts is exactly what i would expect from some "child free" homosexual
The job and the retirement are basically completely unrelated.
If we worked for 1-2 years longer we could easily have as many kids as we wanted and still retire. 2 more years of work is an additional $1.2M in wealth. Actually more since our incomes are going up so fast.
>getting this assblasted over other peoples life choices
Why do people who want kids get so triggered by people who don't?
More whites who buy into the "childfree" propaganda > Fewer white children > muh "demographic collapse" > More justification for flooding the West with brown immigrants > A worse life for the white children who were actually birthed
That being said, I fully support your decision (that is, you specifically) to not have children. The vast majority of IST only exists due to generations of dysgenics and in any other age your kind would have been thrown into a chasm at birth or killed as a child or young adult. The only reason you even exist now is because we as a society are too weak and compassionate to simply kill you. End the cycle yourself, rid the world of your shitty genetics.
This sounds like a nice life but the lack of children seems depressing at least to me. And it's sort of the reason why I have no desire to attain financial independence like this which all normal people want to attain. Since I'm a typical IST autistic loser, even if I had all this financial independence, owned a home, retired early, etc. I just wouldn't find any pleasure in this since everything I would do would be alone. Even if I won the lottery tomorrow and had hundreds of millions of dollars overnight, basically nothing would change for me from a happiness standpoint. Owning a home, traveling, having 24 hours a day free to do anything, all I can think about is that I would just be so unfulfilled since there's nothing I'm really working towards besides I guess what amounts to self-fulfillment.
At least you would have a wife to spend your days with though.
We will do any solo-type hobbies on M-F 9-5 like reading, watching TV, playing video games (haven’t played any in over ten years, so might not enjoy this), podcasts, etc.
Then we will become the social centre of our current friend group. We will be the ones leading and organizing weekend dinner parties, house parties, weekend trips, etc. because we will have the time to plan them.
We will also meet lots of new friends by being available during the regular work days.
And yeah, I expect I’ll get bored within 2-3 years which is why I also intend to volunteer with a local organization that helps low-income seniors prepare for retirement.
And if I’m still bored, I can always pick up a part-time or full-time job. I really don’t expect that part of it to be hard.
We’ll also be spending at least 1-2 months per year relocated to my hometown, to be near family who won’t be around forever.
Good luck doing all those things when you’re 58 years old and fighting rush hour to clock in at 8:34am and get yelled at by Mr. Smith because the TPS reports are late. I’m sure that’s what will truly give your life meaning and purpose.
All that $ and still dying as a lonely genetic dead-end loser kek, how pathetic
One of the many points of Bob the world's worst market timer is that ilevennifnyou pulled the trigger at the height of the great depression you'd still be OK if you weren't actively trading. The 1929 cohort is contained within the trinitubdtudy results and subsequent backtesting. Do you think the next 2 decades are going to be worse than 1929 to 1949?
*trunity study results
Not really worth engaging with that guy, he’s a fricking moron. He has no understanding of the historical data and has been scared shitless by zero hedge and the idiot that makes up “shadow stats” by adding 3 to the inflation number.
Checked. And those posts aren't for hin but for lurkers.
>Do you think the next 2 decades are going to be worse than 1929 to 1949
I mean at this point it wouldn't really surprise me.
Well then I respectfully think you're moronic. You should read some journals from during that time. Things were FRICKED en masse in ways that we have never experienced.
>World War
very possible
>Great depression
almost a certainty at this point
>Demographic implosion
thats a new horror
It looks like it has the potential to be worse actually
your 2% on cooked CPI that removed outliers that you still must pay for and ignoring that debt can only either default or be inflated away
In the long term, stocks and real estate have a relatively high correlation with inflation. The only pain is felt in the first few years of surprise inflation, which we have already experienced and I have continued to work during. Peak inflation is over, my friend.
that even a 2008 tier recession drops your portfolio 50% and requiring 100% gain to get back to base
Do you know what happened to bonds in 2008? Because I will have one year of cash and five years worth of short-duration bonds to live on in the event of a market crash l, without selling a single share of equities. Now, tell me: where was the US market in 2014? Because that’s the day I’d sell my first share of equities in a 2008-style collapse.
Also, a 2008-style drop would actually have reduced my overall portfolio by 37%. Thanks to bonds and local currency effects. And once again, you don’t understand the historical data at all. The biggest risk to an early retiree is the high inflation of the 70s/80s and NOT 2008, or even the Great Depression, where thanks to market rebounds and deflation you would have survived with a 4% withdrawal rate. Keep in mind, I’ll be using a 3.5% WR.
interest rates are sustainable
I don’t need current interest rates to stay high for my retirement to be successful. I don’t need low interest rates for my retirement to be successful. If anything, I’m much better positioned today than any retirees from 2009 to 2022, because higher inflation expectations have FINALLY been baked into security prices, limiting the risk of future upside surprise inflation shocks.
>ignoring that stmt on all your investments that says “past performance not indicative of future performance”
Not ignoring it. Owning the entire market and considering only data that goes back at least 175 years
>pretending we have the population growth, easy resources, and industrial capacity that generated those historical returns
Oh, so it’s de-growth doomerism. Got it.
>admits to living in “le bourgeois metro area” with “le public transport” that is turning into shithole with lower housing prices
The price of my house doesn’t matter. I get to live in it whether the market value is $1 or $100M. I am protected from price fluctuations in markets.
My city is not a shithole, it’s a very desirable place to live and safer than the majority of other cities in my country (and a million miles safer than your American cities) which is why people are comfortable walking on every single street of the city, pretty much any time of day. We don’t have no-go zones. Conservatives generally have no idea how safety stats in these cities actually stack up compared to their supposed safe-havens.
>no retort when called out on FIRE/FATFIRE/MR money mustache bs
Those communities and people are about as low-information as you are, and that’s saying something. Why do you think I mentioned Bill Sharpe and Scott Cederburg’s work instead of Bill Bengen’s?
Clearly your problem is you sit at home read doomer headlines all day, rather than using data. You’re trapped in a cycle of fear, brainwashed into cowardice by people selling ad clicks. We live in a golden age of information if you just go looking for it. Go look for it.
>This isn’t nearly enough to retire in the current inflationary environment
That's quite a statement given you don't know anon's yearly spend requirements.
We spend less than this now, but our plan in retirement is to spend $60K per year. No kids, no car (city with great public transit), paid-off home. $12K of that is travel and $8K is clothes, so tons of room to cut spending.
Also recently did some math. For a couple earnings employment income, saving 15% for retirement, and making today’s mortgage payments on our current home, they would need to make $150K combined to maintain the same standard of living as us in retirement. So… seems pretty comfy to me.
>There are people on IST RIGHT NOW making less than $10k/month.
I’m basically a dyel and I make more than $10k per month.
But I’d pull this skinny sniveling nerd’s little twig arms off and feed them to him.
Let me guess, software engineer?
Nope. Finance.
I'm always curious how people get into jobs like that. Did you major in something related to finance or just apply to jobs and got something? Did you know someone who got you a finance job? How long were you in finance before you started making 6 figures? Zero judgement regardless of your answers, genuinely just want to know.
Studied engineering.
Got P. Eng. and master’s from top school.
Practiced for five years, hated it.
Learned finance via self-study, took a sabbatical to find a finance job, crushed interviews for “prestige” type job. Got offer.
Made over $100K by my second year on the job.
Very impressive, nicely done.
See anon it’s very easy. Just be the typical IST/fit engineering genius, self study extremely difficult completely unrelated topics , and quickly get top jobs in completely unrelated fields. It’s a very easy process
Exactly. We all know that every self-made software dev / engineer totally didn't get handed a job from their parents.
We also know they all have 6 ferraris, 2 houses, and a smoking hot DD, trade wife latina gf
You're the equivalent of people that believe you can't reach a 3pl8 bench without roids.
How many videos does this dude have where he talks about his car? Does he have anything else going for him?
>tfw my gf is utterly devoted to my broke ass
Obviously I'd rather be making a lot of money but it's nice to know that shit like this has no effect on her. Later in life when my finances are in better shape, I'll have a loyal wife I know would stay with me if I lost everything.
Oh man this is some major cope right here. I couldn't say for sure but I'd wager a guess that women would rather frick Chad and his big muscles and then after riding the carousel for as long as possible, settle down with the beta provider that they aren't attracted to at all
I don’t have a brokerage account and I don’t care. I have no desire for anything financially. I don’t care about retirement, I don’t care about owning a house, having relationships, having a family, buying things, going on vacations, nothing. I barely make it through every day and I’m certain that I will be committing suicide sometime soon and I have no future anyway. I could have millions saved up right now and I wouldn’t care. Who cares.
>t. 19 years old
Yes I am very immature because I have experienced zero life development despite being 31 years old. It’s my fault I know but it’s too late to even recover. I know I’m never going to have even the slightest bit of success in life so it doesn’t really matter
>too lazy to do basic stuff literally billions of people have done and do every day
>too lazy to kys
Yes, the classic IST poster's dilemma.
No offense, but you sound very, very immature. If it's any consolation, I somewhat had the same sentiments before. I didn't want to own a house and it was never on my agenda. I know own two and rent one of them out. Just because you have no interest in it now doesn't mean you never will.
>be an idealistic but depressed teenager
>get an undergrad degree in a field I love but that doesn't have immediate prospects
>get a master's, too
>all without ever thinking about money because "muh dream"
>get less depressed and more realistic while working on master's, start to understand that I care more about living a pleasant life than having the most rewarding career possible
>now am a broke 23-year-old while my peers have engineering jobs
Don't be like me. If you're under 21, you'll probably care a lot more pretty soon. I wish I had learned how to make money younger, but I was naive and only thougut about school. At least I have a graduate degree, but it won't really be worth too much if I can't figure out how to leverage it into a semi-related field.
>current economy everyone says how hard home ownership is
>everyone on fit owns multiple homes in addition to their millions in investments
Surprise
who? im interested
It's funny that sharts are so obsessed with money when even a dirt poor Greek fisherman lives a higher quality life.
I don't trust fat people enough to take their advice seriously. Therefore I can only think of this boomer as a homosexual and charlatan.
Never listen to advice given by people under these circumstances:
>fat
>Ugly
>Bald
>virgin/Incel
>low IQ
What if I'm virgin/volcel because I hate women?
Three digits.
That may be true but can he get dubs on IST/fit?
>Yeah that's what I thought. Now please kindly, g.t.f.o.h. you full of shit homosexuals
>Gets called out for making shit up
>"durrr get outta here boomer"
Pathetic
72203348
Around 200k, it's not very impressive but I get by
That's enough money to have over $1300 a month of dividend income coming in if you invested it in MO, IBM and PM. That was my plan. I was halfway there when I was doubling my money on average with about 25% of what was invested through margin on my "solid" blue chip stocks like Amazon which crashed and ruined everything and brought me down to almost nothing. I wish I wouldn't have been greedy and sold everything the moment it started dipping and just invested it all in the above. I'd have an extra $500 a month coming in at least with half of that (at least being conservative with ATT, PM, and IBM, would be a bit better with the riskier MO) and would have lost nothing in market volitility the past year. Now I have NOTHING.
I've been really into Dave Ramsey lately. I've saved a ton of money on water by just drinking my own urine
I don't even have a bank account
His advice is only good for dumb normies who have zero self control
>follow friends advice on a whim
>goes up 300% in a year, hold
>goes down 300% in a month
gambloring is fun
300% doesn't make sense but I mean original price, obviously I'm not cut out for this
Facebook is up 142% this year.