Get Rich Slowly

Im waiting for the crash to buy into S&P500 big time.

>>1403380
Literally try r9k (no meme)

>>1403380
>Never try to time the market or think you can successfully invest in individual stocks
well idk about that one, there's nothing wrong with buying some blue chips to hold long term

>>1403380
>throwing away the prime of your life by living like a monk just so you can have more shekels when you're old and washed up, waiting to die

>>1403397
True. If you're buying good companies like Microsoft, Johnson & Johnson, or Berkshire Hathaway, you'll most likely do well provided you don't make any rash decisions trying to jump in and out.

>>1403387
How would you define a "crash"? When it falls 10%? What if it falls 10% more? Then do you call it 20%? What if it falls 20% more than that? I do agree that many signs point to a decrease sometime within the next few years, but don't kid yourself into thinking you can time it properly.

Harvard MBAs who work at Goldman Sachs and Quant PhD's in aerospace engineering who work at top-tier hedge funds can't consistently and accurately time the market. Neither can you.

>>1403414
I track all my expenses and so far in 2016 I've spent $1,534 on Bars/Alcohol and $820.60 on Concerts/Events. I have my fair share of fun.

It's mainly about not wasting money on the big things. A simple rhyme:

No:
- Marriage
- Mortgage
- Cars
- Kids
- Pets
- Debts

>>1403428
Have fun dying alone.

>>1403380
Good Advice OP.. This is the sort of mentality people should forge.. Sadly, most of the kids on here will never or do not want to understand his.

However this approach seems a little too conservative for my tastes.. Nothing wrong with gambling on the markets every now and then.

>>1403380
> Comfortably retire early
> Less than $1MM

You might want to rethink how much you will be spending in retirement. A million goes less far than it used to go. I just broke a million, and I still have a long way to go before I can retire.

>>1403380

> Hey everyone! I've made good decisions and am preparing for the future!

Cool man.

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I'm shit at saving but I do save like 1k every 2 months so getting better

>>1403417
Just because someone has a degree in good degree doesn't mean they can beat the market. Intelligence is completely different from the intelligence you need to be an intelligent investor. Read about Isaac Newton and a group of mathematicians who lost 10 millions dollars trying to beat the market because they were smart in a different field

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>>1403380
>I can more than comfortably retire at age 35 with just shy of $1M

your definition of "more than comfortably" is different from mine

>>1403474
>>1403454
I currently spend ~$24k/year

I eat out for lunch every day at work, drink 1-2 times every weekend, and go to an average of probably 2 concerts/shows per month.

At $1M, withdrawing $24k/year is well below a 4% "safe" withdrawal rate, which is why I'm planning it that way. Realistically, my housing and health insurance expenses will go up, but food, dry cleaning, and drinking will probably go down.

And if I'm wrong about my expenses or future investments, I'll just continue saving until I can withdraw about 2-3% of my investments per year to cover my cost of living. That's a truly conservative withdrawal rate.

>>1403488
well if you're happy living like you are now for the rest of your life, then that's great.

personally, I like to own property and buy a new car once in a while. $24k/year is a pretty tight budget IMO but to each their own. good luck

>>1403490
>t. I drive a 10 year old civic

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>>1403472
>Issac newton investing the the stock market.

Are you fucking retarded?

>>1403492
Meant for >>1403488

Or, you could buy Trumpcoin.

>>1403494
http://www.businessinsider.com/isaac-newton-lost-a-fortune-on-englands-hottest-stock-2016-1
Here ya go. Cuck lord.

>>1403494
Whicha dumb ass. Read a book prick and educate yourself

>>1403494
I'll defend you.

He shouldn't have said "stock market" but rather specified that it was an individual stock.

As far as I know indexing didn't exist until Jack Bogle invested it in the 70s.

Cryptocurrency arbitrage mate. Low risk strategy that simply takes advantage of the (relatively) small and unregulated crypto market

>>1403511
Yea I didn't my bad but I thought it was clear since that what we are talking about

>>1403428
Plz be bait, I have all of those things, plus x4 in investments and savings. Although I'm only 28...

>>1403428
>combining not having a family with low risk investing
What the fuck are you doing? Theres more to life than trying not to starve to death anon.

At worst use a chemical bank and buy a kid or actually learn investing. If you dont have the time or will to create a disciplined approach to more aggressive investments, just start your family

>>1403433
every man dies alone

>>1403513
>crypto arbitrage
Thats penny stock tier risk.

Real mid risk investing is doing stuff like leveraged etfs or trading based on earnings reports and taking the occasional loss.

>>1403539
>Investing 100% in stocks
>Low risk

U wot m8. It's certainly not HIGH risk, like levering up 3 to 1 and shorting a phase 3 biotech firm, but it's not like I'm pouring my earnings into 3-month treasuries either.

>>1403524
I started at $52k out of college and now make $69k. Bonus is about $4-7k and I get a 4% 401(k) match.
If you truly have $400k+ at age 28, great job. You're ahead of 99.99% of Americans. How'd you develop that wealth in terms of job, income, and whatnot?

Hey man, its a Hype game 99% of the time.

Trump coin is just a Meme coin straight out of EvE online.
The biggest flashing red light is the fact that 51% was mines before the public was allowed to mine the currency, low unique trading volume (shit load of information missing to form any kind of...)

Stock market, Make sure to watch the richest investors very careful, especially when they plan to take breaks, and most importantly find out what stocks are being heavily traded by automated trading bots and avoid those at all costs, from penny stocks to mainstream Apple, its mostly a trap.

Forex, there is one more Rule to trading Currency besides the 3.
Watch the graphs, be careful not to jump when every one jumps and here is the Kicker, if You learn to predict the Manipulation that makes every one Jump You will have a massive advantage.

>>1403380
I do this with 90% of my income. But meme stocks are fun, and sometimes you strike gold. Don't be a cunt.

>>1403387
When the news and media are going full panic, buy in big.

>>1403466
Spend 10 minutes of your day and categorize your expenses. Set the changes to apply to all transactions under the same name. Make a new label to put your grocery spending under instead of food and dining (because fuck dining). You won't regret it. A well managed mint is god-tier.

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>>1403657
>>1403466
Forgot pic.

What I do is I label all of my regularly visited grocery stores as "misc expenses" because nothing else uses that category by default. Much easier to track.

>>1403660
what software is this

>>1403380
Is it considered a "get ich quick scheme" to mass import goods to resell?

I've blow an entire month's paycheck on random shit for my eBay ventures and always end up doubling whatever I spent since I always buy what and how much I know I can sell.

>>1403380
that's retarded man, I'm not even good at trading and even in my bad months I at least make like 7% yeah per month not year

>>1403737
You want a "get ich quick scheme" go bang my ex-wife

>>1403540
that's some /r9k/ shit right there bro

>>1403794
I mean he's right everyone dies alone but that's why you shouldn't live your entire alone

>>1403711
filename

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>>1403380
I don't want to be poor in my 20s and then rich in my 30s. I want to be rich in my 20s and rich in my 30s.

Your 'reasonable' behaviour is a mask for your incompetence. Fuck you.

>>1405183
>I don't want to be poor in my 20s and then rich in my 30s. I want to be rich in my 20s and rich in my 30s.
With an attitude like that, you'll be poor in your 20's, 30's, 40's and die in your 50's as another irrelevant loser who spent their life wasting the planet's oxygen.

Wishing and hoping doesn't change the harsh realities of life, kid.

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>>1403380
>Who here /reasonable investor/ ?

I am, although it's not common here on /biz/. Why would it be? Reasonable investing is boring, and discussion topics are spent after you land on your portfolio allocation.

When I started in the market, I was trading a lot, thinking I had found an edge here and there, but the reality was that the gains (over time) really weren't stable and proved to be similar performance to the S&P 500.

When you're playing with a 4 or 5 figure robinhood account and just getting into the game, you'll need to learn some lessons from mother market before you realize the true path of enlightenment. Boring, passive investing.

>>1403428
>no kids
>no cars
>no pets
>limited spending on shitty extravagances like club drinks
So what's the point in being rich in the first place? Your accomplishments are meaningless and you barely get hedonistic benefits out of it.

>>1405371
>So what's the point
I hear that.
I got married and have kids, so cars are pretty much a requirement, but the rest of that shit is optional.
Fuck the 9 to 5, mortgage, pets & debts.

>>1405369
>When you're playing with a 4 or 5 figure robinhood account and just getting into the game, you'll need to learn some lessons from mother market before you realize the true path of enlightenment. Boring, passive investing.
So just buy stocks, some vanguard ETFs, distribute most of them decently enough, and wait?

>>1403574
Forex worth starting up?
Sounds like it could be interesting.. Heard you have to have a lot to make it worth it

>>1405384
That's what I do, and rebalance every year to match your desired risk allocation (i.e., equities, bonds, gold, etc.).

https://www.bogleheads.org/wiki/Lazy_portfolios

>>1403414
It's like you're not even expecting anti-aging treatments to come out in 40 years when you're an oldfag.

>>1405390
Sounds like my kind of deal. Any pointers senpai?

I only understand that I should have roughly 40% as bonds / etfs / whatever, to counter balances any harsh stock conditions (like 2008 going to complete shit for some), and the rest in stocks to take advantage of the good spikes they tend to have. All in all it seems like in 5+ years terms that 40/60 allocation tends to give about 10-11% ROI, instead of doing only bonds that end up with like 8% or only stocks where there's much higher risk.

Anything I'm missing?

>>1403494
Newton invested in the South Sea bubble. He invested, sold out, then bought back in due to greed.

Lost nearly all his savings due to the crash and said something like 'I can calculate the motion of stars but not the madness of men.'

Proves that you can be a genius in one field and a retard in equities.

Study Pre-1900 finance dipshit.

>>1405163
awesome thanks

>>1403539
Yes, there is anime, psychoactive drugs and motorcycles.

>>1403387
this. i was going to buy in after brexit, but nothing happened

>>1403380
>Never try to time the market or think you can successfully invest in individual stocks

You're probably correct if you are just looking to save money and avoid risk without learning about investing, but I really think you should be able to make more money investing in individual stocks. Yes, 10 percent only break even and only about one percent make money, but those 99 other percent didn't make a real effort to learn. Like you.

>>1403574
>Forex, there is one more Rule to trading Currency besides the 3.
What three rules do you speak of?

>>1403380
>Want average return of 7% for 10 years.
>Preach don't get rich quick.

Top kek. Try harder.

Don't be delusional. Take a step back. Try 2001-2010. See what average return you get.

Just because the last few years yields 7% return because of extreme QE pump doesn't mean you are gonna get it in the next 10 years..

>>1403428
>No mortgage
This is retarded famalam, renting is pissing away money. Interest is almost alwaya far lower than rent and you increase your value over time. If you're not living in your place you can even rent it out.

>No pets
Fuck, if you have a lifestyle that doesn't allow for it fine. But don't tell me pets are too expensive. A few hundred bucks per year is worth the companionship.

>>1403414
Newsflash fucknut, most people living in "the prime of their life" are working minimum wage jobs and have a negative net worth

>>1403790
See you in 20 years idiot

>>1403428
> not levereging up with a mortgage instead of paying for someone's positively geared investment property

You what mate?

>>1403488
Tbh good on ya, if that's how you want to live you're doing better than most.

>>1405337
Fuck you, defeatist cunt.

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>>1406109
Don't think you know how this works anon. Some years your down 20% some up 3% but studies show that the longer you hold onto the right index the average will balance out toward growth. And if you're watching the market you can pull out and reallocate to avoid those big drops.

Pic related is proof of various distributions maintained modified over the years by Swenson, head of the Yale endowment. Average the numbers. Source : https://www.bogleheads.org/blog/david-swensens-portfolio-from-unconventional-success/

>>1406311
Unmodified* Sorry.

Anyway anon I was referring to above, look at 2001-2010. Your claim has been empirically proven false. Unless you're an idiot that dumps all his funds into one index rather than diversifying which is literally the first rule of intelligent investing. If this doesn't convince you that's fine but the rest of the anons reading can see for themselves that you don't know what you're talking about.

>>1406109
This.
OP is a moron for thinking mutual funds and market indexes are safe.
Odds are good the market will have crashes and slowdowns in the future, and these market-based items will be hit the hardest.
He could buy anti-market derivatives to hedge his bet, but then his returns would be garbage.
For anyone who hasn't figured it out yet, you can't make money on the market without risking your own money.

>>1405716

The FTSE 100 and FTSE 250 both crashed then recovered.

You missed the window bro.

>>1406325
Literally read the posts above you by me and see you that you're wrong.

>>1406109
>>1406311
Oh and by the way, 2001-2010 returned more than 7%

>>1403428

>No mortgage
>Not buying a two-bed and renting out the second room to cover interest payments

The value of my property went up 17% last year and I didn't lose a penny on mortgage interest.

It's like being given money for free.

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>save up money
>you can now take more risks than the other wagecucks
>risk taking leads to bigger salary
>bigger salary leads to more savings
>on and on

>>1406332
>These past returns are indicative of future returns.
This is why I don't take advice from /biz/

>>1406379
Well there are three routes you can take with this.

1. Look at the entire history of the stock market and see that yes, past returns are indicative of future returns.
Or
2. Make the Humean move and argue that there is neither a priori nor a posteriori justification for predicting future events based on past ones.
Or
3. Claim the market has metastatized and will no longer exhibit long term growth. Which would assume 1 and reject 2 and also contradict your point.

So either you're wrong or you're a Humean skeptic about causation but that doesn't mean much. But go ahead and spout your hackneyed declarations that putting your money on the market is putting your money at risk. No shit.


But none of that matters because your post agreed with anon who claimed 2001-2010 did not yield good results. So your post is shit on all fronts.

>>1406379
Also you reject the past as a standard for the future yet have no qualms about referring to odds about market crashes and slowdowns. You literally have a two digit IQ.

>>1406126
The biggest cost of a pet is time. Also pets are fucking filthy. I hate my flatmate's cat.

>>1406316
>>1406311
>>1406396

Then please drop all pretense of long-term investing. Long-term means go long for 50 years at least.

OP expect to put in 100k now and reap 1M by 2026. Tell me more about how it is possible.

Do me a favor and imitate the old man, hold stuff until you die and not "oh 50-year average is 7% so 10 years later im gonna be reap 10x return".

Now I know mutual fund is supposed to be "simple get rich scheme for dummies", but at least know how they distribute their weight and not be like OP and dump money in SP500.

Go yahoo finance or some other shit, check SPX price in 01/012001 and 01/01/2010, and tell me more about it.

>>1406449
>Then please drop all pretense of long-term investing. Long-term means go long for 50 years at least.

50 years at least? No. Market history dictates less.

>OP expect to put in 100k now and reap 1M by 2026. Tell me more about how it is possible

Can you read? He is going to continue adding his savings each year. Do you know how compound interest works?


And like I said you don't put all your money in one index fund. You put it in REITS, bonds, treasuries, emerging and developing markets. Literally no one here is implying you dump your life savings into one fund except for you.

>>1406325
>Odds are good the market will have crashes and slowdowns in the future
True, but guess what ... the ups are MUCH larger than the downs. The ups also last longer.
>these market-based items will be hit the hardest
Citation missing. In times of market volatility, there are always investments that perform better or worse than the markets. If you try to pick stocks, you have no idea which side of that outcome you'll land on.
>He could buy anti-market derivatives to hedge his bet, but then his returns would be garbage.
Completely unnecessary, Look at pic related. Why would you need to hedge the red part of the chart when the blue part of the chart is so much better in duration and magnitude?
>For anyone who hasn't figured it out yet, you can't make money on the market without risking your own money.
All investments have risk. Risk isn't some bogey-man than you should be scared of. All you need to do is make your risk match your tolerances, needs, and goals. For a substantial percentage of people, index funds are a very good match in this respect.

>>1406379
>>These past returns are indicative of future returns.
>This is why I don't take advice from /biz/
It would help if you took the time to understand WHY market indicies have risen for the past 90 years. It's not magic and its not blind faith on past results. It's the inherent positive market bias that makes the markets a non-zero-sum game.

Then again, maybe you believe that global populations will suddenly reverse course and start declining, that technological advancement will someone suddenly cease, that world markets will suddenly stop becoming more progressive, and that social advancements will suddenly be halted around the world. If that's the case, then by all means, feel free to invest in bullets and head to your mountain shack.

>>1406449
>strawman, the post
Welcome to /biz/, where if you can't cogent discuss index funds, you just make up lies about them.

kys.

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>>1406529
>pic related

>>1406464
>Literally no one here is implying you dump your life savings into one fund except for you.
plenty of posters on 4chan would advocate this as their life savings is usually enough to meet the minimum buy in on a single mutual fund

>>1403380
>But you guys know what you're doing trading cryptocurrency derivatives in your E-Trade accounts.

Well, Bitcoin went from 0.10 dollars to 650 dollars in 6 years.

>>1406580
>plenty of posters on 4chan would advocate this as their life savings is usually enough to meet the minimum buy in on a single mutual fund
You do realize that when people recommend one fund like a Target Retirement investment from Vanguard, that its made up of maybe 6000 different equities and 2500 different bonds? Even the S&P 500 is 500 different stocks, which is far above what's needed to achieve the statistical benefits of diversification.

Putting all your money in one fund is perfectly fine, if its highly-diversified.

>>1406601
Don't you think it's idiotic to have all your money in penny stocks?

>but Tim Sykes

Oh, ok.
Carry on.

>>1406402
>getting a car

Get a dog for ultimate feels.

>>1406366
What is the oldest you can be and still have kids that year. I want financial stability in my life before I even think about having kids but I've started to get my shit together later than most, I'd be comfortable getting rich slow but I hope it's not too slow.

>>1405452
Stick to stocks 100% if you're young. I'd define young as being under age 45.

Read the "Stock Series" linked in the OP to understand why.

>>1406126
>renting is pissing away money

I'd encourage you to read these:

http://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/

http://www.gocurrycracker.com/how-i-made-102k-in-real-estate/

>>1406529
Thank you for being the only intelligent person on /biz/

>>1406464

>Implied your haphazardly constructed portfolio with shitttons of risky assets (REIT, emerging) yield a 7% return like clockwork for 10 years, while marketing it as a low risk mutual fund.

Anon, you are promoting a portfolio with both high risk and low risk asset, with the high risk asset's return and low risk asset's volatility.

Whatever the mutual fund you are ropped into, check their composition before you kill yourself with idiocy.

>>1406540
Tell me a single index fund that triple your money in 10 years like OP claim then we will talk. Go ahead. Try.

Avoid emerging if possible because shits are 10 times more expensive and volatile than penny. Muh safe investment remember?

>>1408080
OP here

It's called contributing $38,000 per year, which I am on track to do in 2016, then assuming the amount I save increases by 3% per year with an average annual return of 7%. Just shy of $1M in 10 years with a current portfolio of ~$115k.

This can be figured out in 2 minutes with a spreadsheet. It's certainly not perfect or guaranteed, but it's a reasonable extrapolation.

>>1408118
You could buy a Ferrari after 5 years to pick up chicks and live a good life while you're young, but you're hoarding your money like a jew to die alone as an old geezer with Alzheimer's. It's quite sad.

>>1408130
I can't wait to pay $10k a year in auto insurance and whenever it breaks down, have to spend $5k on a replacement part shipped from overseas.

Thus far I've banged 49 girls without a Ferari. I think I'll be fine. I'm holding out for #50 though.

0/10 index bait thread. sage.

>>1408118
It's refreshing to see some logic here for once. Depending on your job as well if you get a 401k match you're not even investing all of that $38,000 your self.

Meme stocks are fun and sure you can make some cash but this should come after the above is handled. It's like this board doesn't understand compound interest and listens to people who withdrew their money from the market after the crash in 2008 and missed out on the gains train that soon followed.

>>1408130
>You could buy a Ferrari after 5 years
And you forgot insurance, maintenance and repair costs, which are absolutely enormous with a Ferrari.

>to pick up chicks and live a good life
You don't need a Ferrari to pick up chicks, a Mazda is fine too.

>>1406351
>It's like being given money for free.

There ain't no such thing as a free lunch. You're paying for it with risk.

What about a Roth IRA fund?

Is't it a guaranteed million if you invest around 3-400 a month for about 25-30 years?

>>1403428
True, making a family is just time wasting and boring and worse the kids might grow up to become failures or even degenerates

>>1408927
like us ?

>>1408879
Or buy a Lexus LFA.

Which will increase in value unlike the shit v8 Ferrari you would be able to afford

>>1406449
Anon, I am glad people like you exist. Whew man would I be fucked if you didn't. I hope your shitty, narrow view of finance has proved itself rewarding to you.

Gold is a good long investment for the moment. There is a decent dip that has yet to be filled. GSS is a good example of a gold mining company that has recently upgraded its process in preparation for the next year. It is currently under a dollar.

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>>1408943
My parents were kind, hard-working, loving folks who gave my brother and I a private-school education and funded every extracurricular we could want. They paid every expense for us to go to universities including textbooks & tuition.

We're both in our mid-20's now. He works as a cashier at a dispensary and I'm a NEET. They did everything right and still raised two failures, which is why I will never, ever, EVER, have children.

>>1409902
pretty sure that situation isn't your parent's fault senpai

>>1403380
Probably already been mentioned but,
>Retire comfortably at age 35 with just shy of $1M
You what. Basic high school math + modern dollar value = you want around $4M to retire if you're a 65 year old today. If you're a 65 year old in 40 years when you'll actually be 65, I'd bet you'd want more like $7M. Don't sweat it though. Invest $500 on a good month, $1,000 on a bad month, and you'll have $2M in roughly 30 years, $4M should come by the time you retire, and if you play your cards right along the way you can probably double that to be honest. Why settle for less?

>>1403417
Don't buy into the big companies like Microsoft until you're older. While you're under 45 I recommend finding a local business or a business that you personally like a lot, and investing in it. If you find yourself telling friends/family about some product or service, invest in it. Chances are if you're talking about it, then it's good enough to bring in money. I bought stock in 4 places like that, all of which brought in net gain, and 1 of which exploded after 3 years before plateauing, and even though I didn't make a ton of money off it, there was still enough gain there to buy a nice new car after selling.

>>1408118
One assumption that seems off to me is increasing your savings by 3% per year? That seems like it's expecting a certain level of wage growth and ignores inflation/increased cost of living?

You're doing a great thing though, even if you don't hit your targets you're doing much more than most people especially the autists in here pretending like they're actual day traders.

>>1408118
What's your net income currently? You seem like one of the few people here that are away of logical investments.

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I'm pretty new to investing and the stock market, what advice do you have for a beginner? I don't want to be checking the stock market every day.
I'm currently playing around with the simulator on investopedia, trying to get a feel of it.

Also, what website do I use to do real stock trading?
And how do I invest in index funds like S&P 500? In fact, what is an index fund?

You aren't going to get rich through fiscal responsibility.

>get rich
>slowly
pick one

>>1405440
Is this how you cope?
You'll be old as fuck and unable to enjoy your wealth, that's the fact.

You either make it big or you'll rot.

>>1406310
Are you 16 or somethin? just lol.

>>1409902
It's the private school education trap that led to your demise.

No matter how exceedingly rich I inevitably become, I will not send my kids to private school. It's incredibly polarizing. You either end up as a well-off asshole or a problem-child that never goes anywhere.

It's also like sentencing your kid to drug problem.

>>1403380
You are the worst kind of shitposter

>>1405455
It just proves it's a fucking gamble unless you have insider information or own 21 BTC and hold for 20 years (still too late to enjoy your millions).

>>1403414
this. people value money over time are doomed to realize that money is fabricated and therefore infinite and time is oh so desperately finite. im all for saving for retirement but your time is infinitely more valuable than anything else you will ever possess. Most people realize this too late

>>1406366
All of those guys are rich due meme magic and have been for decades. They also have hair.

Unless you get famous you will never get rich quick enough to enjoy it.

>>1406449
Yeah imitate the old man, the same braindead idiot that would have told you to forget about that bitcoin thing. Stay poor faggots.

>>1403488
these posts are pure trash

>>1408879
>a Mazda is fine too.
not unless by chicks you mean gay hairdressers

>>1408150
>ive banged 49 girls
hold for the applause mate it aint coming. Im a poorfag and i will probably die a poorfag. but ive lived in the most beautiful locales in the world and have netted girls you could only dream about. i wont have millions in my savings at 35 but i will at 60. meanwhile i didnt piss away my youth. people like you make me truly sad. time is the most valuable asset anyone could obtain. wealth is a wonderful icing but living like a robot until youre halfway dead to achieve it is embarrassing.

>>1411522
Holy fuck the irony of this post.

>calls someone out for supposedly being underage
>types like an underage faggot on facebook whos balls have not yet dropped

he can retire at 35 while other poorfags have to work until 65. your logic is just plain dumb.

>>1411561
retire at what cost? 1million is not going to last him 70 years unless he lives like the poor people you are mocking

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>>1407878

The gocurrycracker blogpost is basically just bitching about the time cost of working in the yard and keeping up your own shit.

>Hurr I could have made money working all those hours

This is the problem with fags who apply a /biz/ mindset to literally every part of their life. Fuck off you weren't going to work those hours anyway you bitch

>muh no marriage
>muh no kids
>muh no house

Enjoy dying a lonely pseudo-jew on the jizz-rag covered floor of your box apartment you bitch ass niggerfaggot.

Im sure its been mentioned but where you live plays a big role too. 25-30k can go very far in the southern part of the US. Cali or NY? Not so much.

>>1411884
You can't even buy a hotdog for 20k in Jew York

>>1403380
You are an educated investor but your risk appetite is pretty low. You're in the game to make money over time. When people make riskier trades its for a bigger rewards. You aren't wrong by any means but you'll never get "rich" trading this way. Also, you probably won't want to retire at 35 if you want to live comfortably. With 1mm at 3.5-7% fixed income you're going to have to live on the cheaper side... and if a bear market like 2008/09 hits you're really fucked.

>tfw make less than 25k a year

I wish I could save that much money

>>1403380

I'm trying to retire by 46, started a little late at 26. 10k/year for the first 10 years, and then 20k/year for the second 10 years.

The first 10 get a little bit more than 25 years of investing, and the second set gets 15 years, should net a nice 700k in my 401k assuming 5% growth. Not only is that enough, it allows me to spend pretty freely as a youth, with my first year out of college salary I can achieve that and spend $20 a day on literally anything I want (non rent, non bills, non food).

From 46 to 60 I'll work some part time easy job at a community college or some artsy shit or hell even a fucking food truck, just enough to make living wages and not go bored.

>>1403488

I don't care what you say, $1M isn't enough for retirement at 35.

>>1412044
Kind of a bitch, yeah.
I'm guessing yield to be $40K per year, max.
That means some years are minimum wage tier living, and a major medical problem means capital erosion.

>>1411931
>if abear market hits
>if
>over 70 years
cmon

>>1412020
trash posts. trash posts everywhere

>>1411553
Time is an asset I wish to give to my children. That's why some of us make sacrifices.

>>1412145
some. not the dude bragging about netting 49 slags and living on 20k chanting no marraige no kids

>>1412132

Lel, I saw your post bragging about banging hot chicks. I did that, why do you think I graduated at 26? I spent 3 years as an artist with months of backpacking across the world laced in. Now I'm making more than the average American household in my first year out of college, AND I know how to capitalize sentences.

>>1412192
sure you did m8. enjoy living like a monk. im sure that will pay off when youre 60

Why do these threads always become a dick measuring contest...

>>1412254
>getting rich
>not a dick waving contest

>>1403454

You might want to rethink how much you will be spending in retirement. If you can't live well on $40k/year (4% real returns after tax), you should kill yourself.

>>1403474

I agree, that's high as fuck. $500k should be more than enough with room to spare.

All these fuckers saving money for when they will be old fucks with life behind them.

>Enjoy life to the fullest until 65-70
>End yourself with dignity with a bullet in your head: not a burden to society, no high medical bills for cancer, etc.

what are some good methods for budgeting/money management?

>>1412967
not spending it, dumbfuck

>>1406449
10% is how it's possible. If you can't net a 10% return in 10 years you're seriously slacking.

>>1411444
First of all don't ever sell when you're down unless the stock is permanently devalued, the only possible outcome in that situation is you lose money and you could've potentially made it back if you kept it and rode out the dips. Especially when you're one cent from your purchase price.

My advice is to invest in funds. ETFs, mutual funds, index funds. the reason why is because you'll benefit (or lose) from market movements rather than movements of a single stock. You can buy one share in this one company for $30 or you can buy a share of a fund with thousands of companies for $30. It's less risky and some brokers don't charge commission for mutual funds.

To trade you need a broker or you need to go to the company or fund that you want to invest in and buy direct. Companies will give you a reinvestment plan that grows the portfolio and pays you a dividend, or you can use a broker and buy through them. They'll typically ask for commission for each trade - pick the cheapest one that's appropriate for you. Popular brokers are etrade, fidelity, schwab and the like but robinhood offers free trading, but no fancy options.

An index fund is a mutual fund that tries to imitate the progress of an index. You can't invest in DOW, S&P, FTSE or anything like that - they're indexes. They're benchmarks to show the market climate. You can however invest in a fund that bases it's performance on the performance of an index.

>>1413262
>the only possible outcome in that situation is you lose money and you could've potentially made it back if you kept it and rode out the dips.

What about taking the money you salvaged and investing in a stock that ends up performing better than the one you bailed on? Not that I'm advocating for this kind of behavior, I'm just pointing out that you forgot about the most important concept in Finance, opportunity costs.

>>1413272
You could - That's a feasible way to recover, which is why I mentioned it had to be a permanently devalued stock. VRX for example, no sense in holding them anymore, it's pretty much ruined.
But look at his AMD stock, he's selling for a penny less than his purchase price. I only wanted to tell him that this isn't a wise decision because the stock could gain that penny back in a day.

>>1413305
I didn't sell any stocks.
That's just the simulator showing what would happen if I did sell.

>>1413305
>permanently devalued
Well, that's the bitch, isn't it?
If I could determine which stocks were "permanently devalued" (as opposed to just down), I'd short those fuckers into the ground.

>>1403552
HOW THE FUCK ARE YOU NIGGERS SO FUCKING RICH HOW CAN YOU HAVE OVER 50K AFTER FUCKING COLLEGE

>>1403660
Where do you live that housing is so cheap? My monthly tax bill in Austin is $600.

>>1403380
I bet you call your friends and ask if you can print shit out on their printer. You're financially tighter than a fat man's sock.

>>1409916
he is saying its a gamble you dimwit
you can be fucking genius and great dad and have idiot daughter

>>1403428
>pets
Just don't get an expensive pet or a fucking horse. A hamster is cheap as fuck and it it eats almost nothing.

>>1412258
Hey, I just don't want to be poor, and don't want to work for the rest of my life.

>>1405386
You dont. A Friend of mine risks 100$ a day flipping it to 1000 before he stops trading. Yes it's risky as fuck, and one of his trades he's down 3400. But most days he's profitable

>>1411759
This, that's honestly why I hate guys who use hookers, because they almost always say that you're paying for a woman one way or another.
>Spending time that isn't sex
counts as money

People who say you're wasting your time investment almost never are successful themselves