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Old 07-07-2018, 03:04 PM
 
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Quote:
Originally Posted by Hoonose View Post
30 years by my accounting.

Yep, that's my point. Not a very good plan.
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Old 07-07-2018, 04:31 PM
 
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Quote:
Originally Posted by TaxPhd View Post
Yep, that's my point. Not a very good plan.
Yep. Add in some equity funds!
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Old 07-07-2018, 04:33 PM
 
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Quote:
Originally Posted by TaxPhd View Post
Yep, that's my point. Not a very good plan.
A whole lot better than not saving. Setting aside earnings on a regular basis over 3 decades is a plan. Sensible investment/diversification of those moneys in most cases would be better.
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Old 07-07-2018, 04:46 PM
 
Location: Honolulu, HI
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Bitcoins and alcohol.

On a serious note, real estate.
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Old 07-07-2018, 05:00 PM
 
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Quote:
Originally Posted by Hoonose View Post
30 years by my accounting.
And $8333.33 per month invested at 6% (a pretty conservative estimate of what's possible if you invest all or mostly in stocks) will get you to $3M in just over 17 years...just over half the time.
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Old 07-07-2018, 05:21 PM
 
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210k gross with 40k+ in expenses would really leave little to no contingency room if your goal is to save 100k or more a year. After taxes(excluding state tax) and maxing your 401k pretax you’d only have 130k or so left before expenses

Last edited by Lowexpectations; 07-07-2018 at 05:48 PM..
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Old 07-07-2018, 05:25 PM
 
8,301 posts, read 3,466,952 times
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Quote:
Originally Posted by mysticaltyger View Post
And $8333.33 per month invested at 6% (a pretty conservative estimate of what's possible if you invest all or mostly in stocks) will get you to $3M in just over 17 years...just over half the time.
Long term average of 6% over 30 years would be a fine goal for most investors. More good than bad luck with general market timing and your serendipities of life, and retirement should come easy.
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Old 07-07-2018, 07:39 PM
 
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Quote:
Originally Posted by SportyandMisty View Post
Vegas, baby. Always split aces & eights, and double-down on 11 except if the dealer is showing an ace.
This is the most solid advice Iíve seen here, really canít go wrong with this strategy! Also Iíll add a bit to it because itís brilliant. Find a no limit table for black jack. Start with the minimum bet, say $20. If you win, stick with $20. Every time you lose double the bet until you win. So if you lose 5 times in a row itís $20-40-80-160-320 ($620 total) but if you win the 6th time where you bet $640 it covers all of the losses. Just repeat this process and youíre unstoppable. Itís just math
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Old 07-07-2018, 09:58 PM
 
5,239 posts, read 2,387,943 times
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Quote:
Originally Posted by JonathanLB View Post
This is the most solid advice Iíve seen here, really canít go wrong with this strategy! Also Iíll add a bit to it because itís brilliant. Find a no limit table for black jack. Start with the minimum bet, say $20. If you win, stick with $20. Every time you lose double the bet until you win. So if you lose 5 times in a row itís $20-40-80-160-320 ($620 total) but if you win the 6th time where you bet $640 it covers all of the losses. Just repeat this process and youíre unstoppable. Itís just math
OMG. . .
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Old 07-07-2018, 10:27 PM
 
4,364 posts, read 5,288,880 times
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Hahaha would you like to invest with me?
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