/biz/ - Business & Finance

>>57564195
>my 401k with paychex was retarded.
Many such cases.

>>57265330
This graph convinced me to go all-in on the tech sector, thanks. Look at all those future matrix-divers...

i hold 197 shares of voo and im not even 30 yet. I buy a share a week. I'll make it in my mid-late 40's if i keep at it this hard. Not great, not terrible. a grade C, mediocre, my life in a nutshell, so i'm fine with it. Here's the reality, my IQ is in the 110's, and I'm at peace with that. There's a 90% chance I'm going to be losing years worth of accumulation if i tried to play the pump my bags games against people 50 iq points higher, and who more connections and insider info and overall knowledge than i'll ever have.

If you're meant to be a bronze medalist in life, just take the bronze medal. Don't end up in a gutter because you overreached.

Or if you're a lot braver/dumber/smarter than just 10x it now. I only come to this board to read about other people's successes and failures in the leverage/shitcoin casino.

>15k/yr

>assuming 10% returns avg annum for 25 years
This is about the minimum time you'd need to invest to even consider retiring imo.
1.7 million $ or $68,000 selling 4% per year let's assume 80% inflation by then that would be a bit less than 40k/yr i suppose today. It's a bit tight but it could work depending on your hobbies and expenses.

>30 years
You'd have 2.8 million, ~120k a year in withdrawals forever, but assuming 100% inflation this is only around $60k/yr. I'd consider that comfortable to retire on, but not opulent.

>40 years
VERY comfortable retirement if your time horizon is this long. I'll assume 7.6 million dollars in 40 years looks like 2.8 million now, so it would be like living on 112k/yr today does.

Depending on how you feel "making it" looks like, base your time horizon on that. It's super subjective.

And you said "saving". No. You will be dead before lousy 2-5% yield amounts to anything with that kind of principal (right now yields are "high" at ~4% but they will become lower later). Just invest, invest, invest.

Savings is only for keeping a cash buffer that protects you from dipping into your equity in the case of unexpected expenses or hard times. Keep about what you make in 6 months in high yield savings and invest every extra penny that you don't need.

>>57192804
Never forget the day a bunch of autocrats in Washington were inconvenienced for literal HOURS. Darkest day of our nation.

>>57186946
counterpoint: we do still have all the bombs, so we can always helicopter abduct and drop as many niggers as we want into the USA to be those slaves instead and nobody can stop us.