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My brother retired at 31. His investments were bringing in $50k-150k a year at the time. He has a 5-bedroom house and dropped $130k cash on a vehicle in 2019. He pays a ton of taxes.
He puts his money in blue chips. He stays invested in the market and goes in margin, when it dips.
I stayed in SPY for the most part. My returns match the market. I am looking to individual stocks now.
Over the long-term, the market will go up. Your returns are terrible. You severely underperformed the market.
I'm so happy for your brother, I can't even tell you. What's with the Debbie Downer post here?
Who cares. I'm doing fine compared to most people.
$130,000 on a car. ROFL. Bad move.
I'm so happy for your brother, I can't even tell you. What's with the Debbie Downer post here?
Who cares. I'm doing fine compared to most people.
$130,000 on a car. ROFL. Bad move.
With a 10% annual return you could be dropping 100k a year on new card annually for a while before you worked your way back down to the 5% return asset level. It’s comical you tell others what a bad move is when you have no clue but have demonstrated bad moves yourself for decades
With a 10% annual return you could be dropping 100k a year on new card annually for a while before you worked your way back down to the 5% return asset level. It’s comical you tell others what a bad move is when you have no clue but have demonstrated bad moves yourself for decades
Who cares about getting a new car every year. Some of you people are obsessed with material things and money, it's shocking. You remind me of my father.
I'm so happy for your brother, I can't even tell you. What's with the Debbie Downer post here?
Who cares. I'm doing fine compared to most people.
$130,000 on a car. ROFL. Bad move.
He withdraws a fixed amount of profits each month for living expenses. The $130k was leftover cash, after paying bills.
His retirement account is growing faster than he can spend it in his lifetime. He's not looking to be a $100 millionaire. He doesn't like debt for living expenses.
Last edited by move4ward; 10-09-2023 at 10:09 AM..
Who cares about getting a new car every year. Some of you people are obsessed with material things and money, it's shocking. You remind me of my father.
money buys choices in life and many times one wishes they had a lot more money to make certain choices when the time comes.
it isn’t just about material items .
my dad wished he had the choice of staying in new york with his kids and grand kids.
instead he died a thousand miles away and his grand kids barely knew him.
i made sure in my accumulation stage i maximized my returns as best as i could .
i even subscribed to fidelity insight to keep me from myself despite the fact i can put portfolios together in my sleep .
i learned flying by the seat of my pants based on what i thought was a poor idea early on .
some never learn and throw away good money playing the i will outsmart the mister market game .
they work hard to live frugally , then pee it away on the investment side by getting less then what markets would have given them over time .
part of the process is your money working efficently for you , while you work for your money
Last edited by mathjak107; 10-09-2023 at 09:58 AM..
Who cares about getting a new car every year. Some of you people are obsessed with material things and money, it's shocking. You remind me of my father.
I couldn’t possibly remind you of your father unless you simply didn’t know him because you don’t know me.
I don’t care about getting a car every year but the point clearly went well over your head as it wasn’t about purchasing a car or cars
Right now I’m getting as much money in a 350k CD as I can get on a 600k rental house.
except rent is only one component of that rental , appreciation is the other part .
we had a few million in rental coops in manhattan that generated less then 50k in a cd because rents were break even but we made multiple 7 figures in profits on them.
so it’s the combination of rent and appreciation over time that counts
except rent is only one component of that rental , appreciation is the other part .
we had a few million in rental coops in manhattan that generated less then 50k in a cd because rents were break even but we made multiple 7 figures in profits on them.
so it’s the combination of rent and appreciation over time that counts
You mean total return is what matters? Not interest or dividends? Who knew?
Everyone should be focusing on total return not singular aspects of any investing form
You mean total return is what matters? Not interest or dividends? Who knew?
Everyone should be focusing on total return not singular aspects of any investing form
Says you...
I say everyone should concentrate on having a happy life and getting out of the RAT RACE as soon as possible, with enough assets to live on.
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