/biz/ - Business & Finance

>>18387964

>>18387979
Checked

>4% annual drawdown

>>18387964
what about it?

lmao I bet all those retards are panicking now that half their net worth just disappeared

>>18387964
i dont get it, dont sois spend all their money on useless shit?

>>18388089
I plan on retiring early, and was going to follow the reddit tier advice, but when the 2 and 10 year treasury yields inverted last year, I sold everything and bought gold, bitcoin, bonds and usd.

>>18388109
Yes but there's another group of soi who are turbo misers and waste their youth doing nothing so they can dump their entire paycheck into the market and retire at 40

Ahahahaha I am laughing on you.. I can see how you are ridiculous and abusrd

>>18388136
As someone who’s approaching 40, I wish I’d done that.

>>18388134
now you should buy the dip

I just want to get out of debt, and generate steady cash flow.

>>18388181
Really you, wish you were this nig?

https://www.youtube.com/watch?v=8yNsKxbq0Ak

I get it though I am saving about $1,000/mo min so I will have fuck you money by 40

>>18388222
>$1000 a month

so by the time you're 40, what, $200,000?

>>18388222
Not that guy in particular. Like if I had just toughed it out and lived in a van for a few years and gotten a second job. Not even my whole 20’s, just 5 years, and I would be waaay better off than I am now. Compound interest is a bitch.

>>18388134

>>18388222
checked but also
>his wife plans to retire from her child care career
aaaaaaaaaaaaahaahhahaahahahaaaaaaaaaaaahahahahahahhahahah

>>18388200
Looks like a dead cat bounce to me. Im not convinced its over

>>18388234
Ideally it would be whatever I didn't spend that month. I could probably save $2500 a month if I really wanted to by getting a roommate and living like a serf.

>>18387964
>NOOOOOOOOOOOOOOOOOOOOOOOO!!!! STOP TAKING RISKS AND GAMBLING AND GO THROW YOUR MONEY AT PRECIOUS METALS AND RETIREMENT PLANS!!!!!!

>>18387964
>FIRE fags getting fucked up the asshole
there is nothing that could give me more joy.

>>18388061 You meant anal down?

https://youtu.be/fPb789vnlrk

>>18387964
Why does biz hate FIRE fags?

>>18388326
Because the discipline to be one is hard.

>>18388326
cause its a meme sold from poorfags who survive on getting paid selling referral codes to the meme from a rented hostel room in the third world

>>18388222
us poorfags with shit jobs dont have that luxury

>>18388136
>waste their youth
Who the fuck cares faggot

>>18388326
They'd rather gamble on shitcoins than be financially responsible.

>>18388345
Seems to work tho, looking at this guy ?

>>18388481
i dont know what guy that is but have you considered thats an anecdote and not data to be taken as representative

>>18387964
When your finances depend on the stock market, you're not independent.

>>18388136
You don't need to waste 80% of your wages to get fit, enjoy nature, educate yourself or to do most things worth doing. Are you seriously suggesting peoplr get pissed in nightclubs and waste money on Netflix and Starbucks?

That's all FIRE types suggest, don't waste money on unnecessary bullshit or spend more than you need to on stuff that is worthwhile so you can save every month.

>>18388134
Anddd now you realize we're back exactly where we were last year except you missed out on an entire year of dividends (plus you have to pay cap gains taxes now) lmao

>>18388089
>calling others retards that lost 50% when the market it not even 15% down

>>18387964
LINK FTM FLETA baby, thats maa stack!

>>18387964
I always had a feeling the whole FIRE plan was a meme. You not only had to hope that the economy was doing good, but you have to hope you don't get sick often.

>>18388849
Makes more sense in Canada/Australia/NZ/UK where the government is covering you on healthcare and you can still get tax-free equity growth

>>18388832
good picks anon

>>18388849
Silly anon, all first world countries have a free public health care system.

>>18388968
Free healthcare is the ultimate pleb filter on economics and finance, fuck that shit.

>>18388587
Okay fag, what does that actually mean? If I was getting money from some other source like rent you could just say that if my finances depended on my tenant that I wasn't financially independent. Even if I was sitting on a massive pile of money I'd still be depending on it being there and not getting fucked over by inflation, but I'm guessing your definition of independent is donning a loin cloth and picking berries in the woods

>>18388298
Is this webm the original/unshooped one? Never seen it

>>18388136
I save 60% of my wage because I don't realistically need it. I could spend all of it and live comfy and gluttonous and I'd buy nothing of real value or nothing that lasts.
All I need to do to retire at 55 is watch what I spend on eating out, not shill 100s of bucks on short lived entertainment each month.
You'd be an idiot if you didn't do that already.

>MMM I Just HAd A lEntIL soUP in my 20 room
>look at all those 25 to olds enjoying themselves drinking and eatin
>Nooo I just put all money into a boomer stock so I can live like a 30 year old when in 61 for 40k per year

>>18388326
because it'a stupid meme for people without brains who think living on 40k forever when you are 50 will be fun

>>18387964
imagine being a wojack poster

>>18389019
cope harder fatty

>>18387964
>noooo you cant just work hard, save money, invest and retire early
>thats so normie thats so reddit nooooo
>you gotta buy chainlink instead!!! muh cryptorinos so based working is so normie tier nooooooo

>>18389279
Is it required by law to shill your healthcare system online because I see it all the fucking time

>>18389019
Imagine actually being this American

>>18389156
Unless you're a pathetic normalfag, you can live perfectly fine on even less than that.

>>18388136
You don't waste your youth though, half of young people's pay checks go on items they don't need or care about years lster

>>18389444
>No argument
Kek what a faggot

>>18389019
>fuck that shit.
Salty AF

>>18389530
>Salty AF
Reddit

>>18389457
so you save everything from a 150k job to live like a working class wagie ?

Doesn't make sense

>>18387964

>>18388136
Sounds like fun desu.

>>18389481
Saving and investing in stocks is the best option available. There is no option of being a millionaire and young.

>>18388326
because they never have lambos, they have year 2000 camrys, and they will never have lambos, because they don't take any risk.

once you're old, you won't have anything to do with the money. Nor will you care

>>18389730
yeah there is fag it's called taking massive risk. Not everyone gets to be a millionaire.

>>18388326
according to FIRE the strategy of getting to retirement relies on future performance being like past performance, never guaranteed
and FIRE fags often underestimate how much money they need to retire

nobody wants to hear that they'll have to work hard and save hard for 20+ years

>>18389304
its true

>>18387964
Look the obsessed-with-mouths retard again with the new dentist's dream meme. Fucking sick retard kys

>>18388089
Well the guy from the video does work temp- part time positions as an engineer. Its not like he can't just pick up and go on a job for a few months.

>>18387979
It isn't. People who squander and live like dogs are morons because they'll only realize their wealth when old and it's going to run out eventually.

Chads on the other hand live a good life during their prime and could retire in their 20s with maxed out SSDI benefits at $3050/month which increases with inflation and gives them free healthcare and $250 a month in food stamps and renders them eligible for property tax exemption and $1000+ year for heating. People who obsess over financial independence are in fact retards but they can't go after it now because they are too stupid.

>>18388134
So you’re retarded?

>>18388234
Interest compounds exponentially

>>18389657
to live like a working class wagie, FOR FREE WITHOUT WAGING

>>18388234
Works out to about 350k assuming 8% growth starting at 25 and ending at age 40.
>>18390130
Human life is not infinite. It is finite, retard. And isn't worth living beyond 50.

>>18390143
You can already do that with SSDI and use tax payer money instead of yours.

>>18390167
>And isn't worth living beyond 50

Who hurt you?

>>18387964
>retire early!
buy zano!!!!

>>18390143
yeah how fun is that? No money for cars or travel or good food, just sitting home? OK?

Freedom 35 is based
>>18388222
This guy is a meme tho

>>18388136
>spend your money on shit you don't need that goes down in value
>waste money on getting drunk and shitty vacations
>think of all the experience

This is peak NPC. You can invest half your check and still have enough money left over to do whatever you want as long as you make a decent living. Saving 50% of 100k > saving 100% of 40k.

>>18387964
the only thing more cringe than "retiring" is taking time off to "travel"

>>18390480
40k a year is more than 100$ a day for doing nothing
I can live the whole time in a hotel from that if i wanted, literally never stay at home
You need to be stupid to have a bad life on 100$ a day without any responsibilitys

>>18390621
You can make that much on SSDI you fucking imbecile, especially if you consider taxes on that 40k year.

>defending consumerism

You people are morally bankrupt retards.

>>18390660
ngmi

>>18390641
But you cant snort blow from a thai hookers butt in the sun on ssdi
The nice about it are the zero responsibilities you dork, on ssio you have to pump out children and hassle with beurocracy

>>18390641
>Being a NEET

>>18390676
Anon, i'm making it because I don't waste money on stuff only double digit IQ NPC's enjoy.

>>18390580
NOOOOOO I NEEEEEDDD ALL THE MARVEL FUNCO POPS!!!!!!!!! I MUST SPEND$8 FOR A GLASS OF BEER WHEN YOU CAN GET A WHOLE SIX PACK FOR THE SAME PRICE!!!!!!

>>18390681
You can't do that on 40k /year taxed retirement income either. You also can go overseas. Many social security recipients live in Ecuador due to the low cost of living, use of the USD, and mild climate in higher elevations.

>>18390685
Based

>>18390685
You're going to make it at 50 and by then life isn't worth living.

>>18390702
You can do vacation in south east Asia on 1000$ a month and live like a king

>>18390719
So what makes life worth living to you?

>>18390742
Still having my dopaminergic neurons in tact and having the body and cognitive function of living on my prime.

>>18388136
>Yes but there's another group of soi who are turbo misers and waste their youth doing nothing so they can dump their entire paycheck into the market and retire at 40
There is a more than 1 in 50 chance that anyone under 45 alive today will live to at least 97 to 150 in good to incredible health.
Kind of hard to justify that argument when it's likely you'll likely go back to school in your mid 60s just because you're essentially middle aged and want to learn some more.

>>18390750
That has nothing to do with this thread anon, unless you plan to kill yourself on your 50th birthday old age will be a lot shittier if you never prepared for it.

'living in your prime' doesn't mean wasting money on stupid shit.

>>18390765
>incredibly good health
>lose 10% of dopamine neurons by decade
>eye site deteriorates by 70s for most people
>inflammation, decay and shorter telomeres ensure
>incredibly good health
COPE

I know a FIRE guy IRL but he's based as fuck, he sold all his stock January 2020 because "it's all overvalued"

>>18390789
>COPE
No, I just keep up with the science. What the fuck are you doing on /biz/ if you don't have even a cursory knowledge of Biotech & Pharmaceutical developments?
Do you just hold Buttcoin and hope the funny green line goes up?
This board is incredibly depressing.

>Hey Lois, did I tell you about that time I made a basedjak thread on /biz/?
>Hehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehehe

>>18390813
Non-sequitor. I was discussing the quality of life and facts of age related decline, not contesting making it to that age yourself (1/50 chance dude bro, wtf I love rouellete now).

>>18390765
>Source: just trust me bro