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>not realizing you only need 500k in blue...
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>not realizing you only need 500k in blue chip 3% dividend stock to retire comfortably on
>not setting aside at least 1.5k a month
>not investing in high cap good momentum securities/safe etfs for consistent 5-10% returns at a time
>not using basic analysis tools to spot supports, trends and whether or not your stock is bouncing out of deviations but instead trying to time daily swings and being ruled by fear and greed
>not realizing you can nail 500k in about 3 years with good investing and saving practices on a 50-70k a year job

Shiggy
>>
This is awful bait, you didn't even put anything on the hook.
>>
>>1070870

$500k is the minimum I would need to retire. My plan would be to invest it all in 7%-8% yielding investment grade bonds though for a a safer $35,000 - $40,000 annual cashflow. Still, you would need to save and reinvest a percentage of this to keep up with inflation. I would also have to move to a rural area with a low cost of living and wouldn't have very much extra money to do some of the things I want. One thing I've found is that if you already have $500k saved, you are probably only about 5 years of saving and investing away from being a millionaire so I would just stick out those extra years for much more security.

3 years is pretty unrealistic though man. 10 years is probably more like it under very ideal circumstances.
>>
>>1070891
I know several people who have done it in 3-5, and yeah the million dollar mark is tempting as well I feel you.
Thread replies: 4
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Thread DB ID: 481085



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