/biz/ - Business & Finance

>>1031514
(1/2)
>How'd you do it?
I'm a highly compensated professional with millions in lifetime earnings. I invested that money wisely with a long-term perspective into primarily index funds and low cost mutual funds, along with appropriate allocations into riskier investments.

Pretty simple, really: your job is for making your money, and your investments are for growing that money over your lifetime. Follow that basic philosophy, and you'll maximize your potential.

>>1029355
Haha, you're right. I guess that's the equivalent of writing "2015" on your January 2016 checks.

Well, if it was worth the effort, I'd post another pic. But my work here is done.

Unless someone wants to get back to the actual topic of the thread, which I was enjoying discussing....

Your post
>>1028391
was not incorrect.

Your posts
>>1028778
>>1028899
>>1029112
>>1029163
were all false, as I repeatedly explained to you until you finally understood the point.

Now you're back to pretending >>1028391 was your only post. Its as if all your shitty posts on the tax rates never happened. Well, they happened.

Any more moving of the goalposts and they'll be in a different zip code.

>>1029334
Why would I samefag to call you an idiot when I quite plainly called you an idiot myself? Whether other people agree with me is pretty irrelevant. You're an idiot, plain and simple.

Stop being so triggered. I can tell you're getting off on the attention, and its creepy and sad. Contribute something on topic, or get the fuck out. I don't really care either way.

>>1029321
>inb4 desperately tries to save face by posting inspect element'd images

>>1029313
>I was referring to the ability to try anything and have the energy and opportunity to do it.
Opportunity is cheap. Actually doing thing takes money. Money you don't have in your 20's.

>You can pick up underaged sluts or move to some random country and work on a farm when in your 20's. Not so much when you're older.
I can literally do anything like this, and much more easily in my 40's than my 20's. Better still, when I'm done with my adventure, I can return to my comfy life as a 1%'er in the greatest nation on Earth.

>Also, fuck you, you jealous faggot.

>>1029203
>didnt you have a million dollar wedding or some shit
Huh? Maybe you're thinking of the other multi-millionaire who posts on /biz/?

>>1029213
>Not really sure how that's possible.
Really? You not sure how it's possible? Even after I explained it to you?

>financially independent bachelorhood

Not everyone is going to achieve financial independence by their 40's, and not all of them are going to be free of the responsibilities of wife and children.

Maybe I'm an extreme example, but this myth of the freedom of youth is a joke regardless. Freedom is more than the absence of responsibilities.

>Whereas when you're 40 years old those same activities just have some strange social stigma.
Stigma? Kek. >>>/r9k/ is that way kid.

>>1029170
>You will never be as .. free ... as you are in your 20's though.
Kek. I guarantee you I'm more free in my 40's than I was in my 20's. A financially independent bachelorhood has that effect.

>I'm also fitter, healthier, and thinner. But that doesn't have anything to do with money, so let's leave that out of the discussion.

>>1029163
That's because what I said is that the qualified dividend tax rates and the LTCG rates are exactly the same. At ALL income levels.

And that the non-qualified dividend rates and STCG rates are exactly the same. At ALL income levels.

All of which was in response to your incorrect statement that "[d]ividend income is taxed differently" and "[i]t all depends on your income" -- neither of which is correct in this context. A context you created when you tried to be a smartass and point out that some of my 2015 distributions were capital gains and not dividends, and which I explained to you was a difference without a distinction.

I realize you're an aspiring numbers guy, but a little reading comprehension would serve you well.

>>1029112
>This is what I was thinking of.
So .... exactly what I said two hours ago (>>1028889) and that you said was wrong.

Ok then, apology accepted.

>>1029072
>>1029081
>>1029097

Huh? 8% is fucking conservative. 8% is what you'll get with a 50/50% split of stocks and bonds.

At 90/10 stocks/bonds you're looking at 9-10%, and that's before dividends and interest.

Now, I'll be the first to remind you that past performance is not an indicator of future results. But, on the other hand, we're looking at 88-year averages here. That's the every-year average for eighty-eight fucking years.

https://personal.vanguard.com/us/insights/saving-investing/model-portfolio-allocations

If you guys are going to try discussing wealth growth in an intelligent way, at least get your basic facts straight.

>>1028899
>They don't have the same tax rate.
>I'm still studying for the regulation section of my CPA exam.
Yikes. For the sake of your future clients, keep studying. :)

>>1028899
>They don't have the same tax rate.
>I'm still studying for the regulation section of my CPA exam.
Yikes. For the sake of your future client, keep studying. :)

>>1028778
>Dividend income is taxed differently
Not really. It all comes down to your holding time. You do understand the difference between qualified and non-qualified dividends, right? And how they have the exact same tax rates as LTCG and STCG, respectively?

If not, I suggest a quick Google search might be in order. Feel free to ask if anything doesn't make sense,

>>1028647
>I thought you were exposed as a fraud.
That would come as a terrible surprise to my accountant.

>>1028391
You're correct, but only to the extent you believe there's a notable difference between dividends, interest, and capital gains on managed investments. To me (and most people, and the IRS), passive income is passive income.

$300,081.46 between my taxable and non-taxable accounts.

http://news.morningstar.com/index/indexReturn.html

>>1023726
Happy to help. Just remember that if your periodic contributions are irregular, then you need to use ROI's big brother IRR.

>>1023762
Correct. An index is not a index fund, even though people sometimes get lazy with how they use the terms. An "index" is a formulaic benchmark derived from a mathematical calculation; an "index fund" is an actual compilation of investments that tracks the underlying index.

>>1023524
>thestandard and poor's index include dividends you freaking imbecile :D
No. No it doesn't. :D

>>1023630
>>how the fuck do I gauge performance of a stock portfolio with periodic contributions?
ROI, the only performance metric that actually matters

>>1023221
>why
It's called being a decent human being.

>>1023530
>jesus fuck
To be fair, I booked a substantial one-time capital gain in 2015. This year's numbers are a bit skewed.

>>1023586
>What kind of bizarre life to do you live where you spend that much on utilities?
Huh? It's not really that much for a homeowner. And that includes my cable TV & internet.

I just did the major categories, for giggles.

Taxes $274,000
Charity $202,000
Home Repair & Remodel $24,900
Utilities $5,100
Business Expenses $4,700
Groceries $4,600
Insurance $4,300
Auto $4,300
Household & Gifts $3,000
Dining $1,650
Medical $750
Motorcycle $550
Running $510

>I'm OK with this

>>1013685
>What do you do with a BA in English?
Become a multi-millionaire.