/biz/ - Business & Finance

>>23548524
I would need 100k usd to have a decent and confy life

>>23548603
In what fucking world is 100k enough?

>>23548524
Minimum would be 1 million dollars. Then put it in some bond that earns you 3% a year.

>>23548627
Not even in south america or east europe, my fucking crappy house on the ass of the world is worth 70k usd

>>23548627
I already have 2 houses to my name, with a 100k I could sell one, rent the other, buy something near the beach and permaculture my way up to old age, with a passive income and enough liquidity to live confortably for the rest of my days paying the guitar and smoking weed.

>>23548524
1 piece of rope
/thread

>>23548524
This is conjecture, but...

$0-$500,000 --> full work
>Maximize salary, income, and hours

$500,000 --> half work if you maintain a low cost of living
>7% yield per year yields $35,000
>Any job which pays $60,000
>live on $40,000/year ($17,500 on housing, 7,500 car or transport, $10,000 on food, $5,000 on misc.)
>Net annual surplus would be $55,000 / year plus compounding gains on the investments once you allocate your surplus toward your investments

5 YEARS LATER

$800,000-$900,000 ---> less work and more rental properties
>$500,000 at 7% yields $35,000
>Property 1 $200,000 yields 10% in rent plus 3% in property value appreciation = $26,000
>Property 2 $200,000 yields 10% in rent plus 3% in property value appreciation = $26,000
(you may want to take out a mortgage of $200,000 to increase the properties above)
>Part time / freelance job at $45,000
>Net income is $149,000
>give handjobs and boy pussy in the alley to round it off
>Net income $150,000 (again this compounds)
>Slightly increase cost of living to $55,000 to $60,000 -- comfy
>Surplus $90,000 to $95,000

^^^ at this point you wouldn't have to work ^^^

5 YEARS LATER
you're somewhere near $1.5m passively yielding $150,000 annually

>>23548633
permanent portfolio is the safest one you can get, and it has around 6.5% yearly increase and around 1.5% yield.

so if you can live for the first year with only 1.2k a month then you've made it with 1m

>>23548524
THICC

I would say about 1 mil and then you could purchase storage units that would provide easy passive income

>>23548892
>smoking weed.
Loser.

>>23549028
>you're somewhere near $1.5m passively yielding $150,000 annually
That's a terrible capital utilization. Even MO dividends would pay more lol. You're an idiot.

>>23549344
absolute brainlet ^

the point is to be risk averse and conservative given its a multi-decade outlay.

youre broke... but im the idiot... ok

Several mil like 3+ in the US

>>23549344
10% apy isn't incredible in a 1 year span, but if you can get 10% year-over-year for 5, or 10 years, especially with 7 figures worth of capital, thats doing really well

>>23549344
Their divvies are 8.9% my man

>>23548524
This is what peak eating performance looks like

>>23549574
plus the benefit of the 10% range is you dont need to babysit high stress positions. If youre goal is to be comfortable, a secure 10% is 10x more valuable than pushing for 20% or 30% at the expense of holding the emotional burden of potentially drawing down 30% at any moment and having to constantly manage

>>23549807
there's no secure 10% apy, my dear newfriend

A paid off house + 2 million (*0.04 = 80k annual income)

>>23548892
>smoking weed.

About 10ETH farming BEL for 2-3months give or take.

That should do it.

>>23549823
at the $1,000,000 plus range there 100% is. If you join as an LP in a half decent venture fund, youre looking at 7% to 25% year-over-year, but you need to have a minimum of $200,000 in capital commitment and need to make all your capital calls.

If you own rental properties, standard monthly is 1% of property value per year.

Not 'secure' in the sense of 100% guaranteed, but I'd argue with 7 figures, you can secure 10% yield as certainly as most people hold 'job security'.

I.e. your risk of losses are no worse than your risks of lay offs and offshoring for the average person

AND this risk is offset by underlying property value, PM, and cash holdings. You can weather a storm longer, then average growth over decade timescale would protect you.

so more secure I could say.

>AHHH DUDE YOU CAN'T LIVE OFF 100K IN DA US
Lmao, yes you can. It depends on what kind of live you want to live. A majority of people here are living in big cities. If you living in bum fuck no where like the outskirts in the south or Michigan, you'll have to be self reliant. But that is easy. Anyone can do that, people have been living, and still to continue to live like that for thousands of years.

>>23549990
>half decent venture fund
no such thing, and they won't last until your death anyway. and regardless, all the 7-25% you see are because we were in a bull market for the last 10 years, if shits hits the fan, your fund and your money will be gone

>>23550064
Fair argument to make...

but I will say that VCs survived the dotcom bubble and 2008 nicely. In fact, since fund strategy is in a minimum 5 year time scale (most closer to 20) the market collapses are where the most money is made — the little guy and the individual venture is squeezed, and the cash holders buy cheap. You increment your capital commitment into the fund via capital calls over the years and you scoop distressed ventures cheap. Also, the model bakes in huge assumed failure rates with only like the 5% of ‘winners’ way over compensating for the remaining losers... so as long as 5% can succeed in the next 10 years you’re usually fine. Plus you can claim preferential liquidation, etc...

I know people like to think the hyper-wealthy are just playing a haphazard game of rigged luck, but honestly there is more protection and assurance than most would assume — the most wealth intuitively know how to manage their capital and protect it the best plus have the resources to do so

But even then you could lean toward rentals and property, we’ve seen 100 years of growth plus rental income.

>>23550271
>VCs survived the dotcom bubble and 2008 nicely.
those who survived couldn't possible have 10%+ yearly return, but feel free to prove me wrong. also past performance doesn't guarantee future results bla bla

Need something like 30k, in some places this is very good amount of money and you could live 10 years doing anything you want

>>23550335
average yearly return. Again, year-over-year, not alway. But the way VC's operate is bi-directional

and it's sequential

-Bear Markets are when the cash in rapidly infused into distressed ventures with future promise. Then funds mobilize additional resources, marketing, partnerships, etc to bail these ventures out or keep them afloat. When the founders and board feel the pinch of a downturn, the VC's have tons of leverage.

-Then they ride the market back u when it bull rallies

Look at any major tech company. Huge losses in 2008 and massive growth the next 10 years

>>23550335
>>23550429
Actually the best time to buy into a techfund would have been 2008

>>23548524
amount of years you plan to live * how much you spend in a year
simple as

>>23549028
>implying

>>23548892
based

>>23549037
>>23549028
>>23549271
>>23549344
>>23549517

Can I as a Eurofag invest in those Ameican bonds or S&P500 that yields lets say 30k/y with around 1 mil$?? Thanks...

>>23550656
check you bank's website

>>23549028
Not a bad idea, but rentals are usually a pain in the ass. When you think you are getting 12% a year on the rentals, it is actually more like 5%-7% once you include the management fees, tenant turnover, tenants wrecking the house up, taxes, interest, and repairs. Also, if you go too cheap, the house may not appreciate. Section 8s are a meme.

But 5%-7% isn't bad on capital you leveraged.

>>23548524
If you live in burgerland, you can't ever truly escape wagecucking since that's the best way to get health insurance for cheap (in this case, the value of your time is considered the cost). The workaround for this is to have a wife whose health insurance you can mooch off of, but the down side is you're now partially providing for your wife (even if she makes her own money instead of getting an allowance from you, you're still expected to take her out on dates and whatnot, plus sharing the cost of raising your kids)

>>23551030
yah, I figured I wasn't accounting for the cost of rentals significantly enough. If youre willing to do the management yourself you can squeeze an extra point or two though, right? so part-time job and managing properties and you can shoot for 8% in rent plus appreciation?

>>23550722
So it depends on my bank and what options do they take? No way I am putting 1mil$ in Balkan bank, would rather burned them. Can I phone US bank and say I want in as Eurofag or some shit? Thanks

>>23551869
Try a brokerage like td ameritrade

>>23548524
1000 chainlink

>>23548524
I have more stretchmarks and I weigh 90kg

Fuck fuck fuck fuck

>>23548524
BOOBA

>>23548603
Same anon, I plan to sell as soon as my portfolio reaches 150k. Gonna buy a comfy condo outside of shitty ass California, have enough to live off my remaining money for at least a year but learn coding and Japanese in the meantime. Get a job with my newfound programming skills and live a comfy peaceful life.

I'd rather have a for sure thing like that than regret not selling and dumping and waiting a few years more. I can live with not being a millionaire

What do you plan to do, anon?

>>23548524
4 million would be a solid amount for me. Would be perfect in buying a nice home, settling down, focusing on my health, and finding a skill I can become a master in. I could also help my mother and sister, overall my life would literally be in complete 180...

I would like to put aside 500k as dedicated property payments which would cover me for about 30 years.

>>23551552
Yep, probably reasonable. If you do it yourself, it may be hard to evict tenants and find tenants, but you do save the first's month rent and the custom 10% a month fee.