/biz/ - Business & Finance

>>304018
11,800 in something low risk. You need 25k and big boy life experience to start trading.

What's your next few years looking like education and job prospect wise?

At my current rate I'm expecting to bring in between 100-200k a year, but I'm not sure how much education will cut into that in terms of opportunity cost and monetary cost, so conservatively I'll be bringing in 60k for the next four years or so and the above figure for the next three after that.

Since you are young and you have capital I'd say put into into broad index funds. You don't give a fuck what happen to that shit over the next ten, twenty years as far as short term trends are concerned.

12k is not really investable. Just park it in your checking account.
I spend more than 12k on a fucking ski weekend.

>/biz/ doesn't know anything about practical investing
>it's just filled with roleplayers

Well shit.

>>304500
Did you really expect real investors to go to 4chan?

>>304505

I had hopes maybe one in ten comments would at least be realistic. Technically >>304031 is though.

>>304124
>Says you cant invest 12k

If you dont know how to make 12k grow over a long period of time theres no way in shit your doing "ski weekends"

>>304018

Find some investment R/E. Get a loan from a banker for about ~70-80% of the cost and pay off the loan with the income the property generates. If you do it right, you get income in perpetuity.

Or if you know nothing about R/E, you can always do your traditional index fund strategy and just buy and hold. You won't get rich, but it usually works over 10+ year time period.

>>304558
This is what I did, OP, as I don't really have a great grasp on finance but I had an extra couple thousand saved up. I just put it in a mutual fund.
If you're going this route, what I did was find a fund that had a low cost, had done well but not too well over the previous years, and did not engage in aggressive practices.

>>304558

I'm 18, so I'm not sure if I have the credit for that sort of loan, and if I'm paying off the loan with with rent money then I don't need to invest much of my money upfront, so that doesn't really answer my questions.

>>304020

No you don't. If you are trading and it isn't futures, you might as well hand your money over and then get yourself an hero.

>>304018
sensible vanguard indexes

also take advantage of roth IRAs or whatever you have in your country

>>304018
>I plan to retire at 25 and have at least 60k.

Give your parameters, this is functionally impossible. You would be required to invest 100% of your entire pre-tax earnings and receive a 21% risk less interest rate on your investments in order to attain a 60k income at age 25, even assuming you're able to bring in 100-200k per year after the next four years.

I've attached a spreadsheet with my computations. You need a more realistic goal.

>>304762

No no no, 60k+ is what I can put aside. The $11,800 is what I've set aside from my last three week's earnings. The 100-200k is net, not gross.

I'm uncertain as to what sort of income I would need to live on, but I'm not sure what would I would derive from my investments, which is where I'm foggy.

>>304769
Your investments, assuming average returns, will be shit for several years (assuming 11,000 investment) Assuming you put lots of money in every year for the next several years, your returns will not only be higher because of mone being invested, but because your returns will compound more and more.

TLDR start now, a little invested at 18-19, with consistently adding more, is way better than a lot invested later on

>>304783

By the time I am 25 I expect to have put in between 420k and a million dollars though. Can a million dollars in investments not enable retirement by 25? Will I have to push it back to thirty?

>>304793

Move to Mexico and live in luxury on $1-2K/month. Start a business.

>>304793
If your 25, you have at the very least half a century left to live. If you have 1 mil, you're gonna be making a decent income each year, unless a recession starts and you make $4. Still, 50 years is hard to prepare for. Push it back. Id talk to a financial advisor about this 4chan isnt a good place to plan your life with

>>304800

I like living in the US, though I wouldn't mind Europe. Starting a business isn't a bad idea though.

>>304803

If I wait until 30 then I can put another million in at least.

>>304769
Alright, I've redone the analysis. Assuming an after-tax return of 10%, which is pushing the limits of the plausible, plus $60k saved per year, you be able to retire at 30 with $1.3mm in investments, which is really the earliest that's feasible.

To answer your question, since you're retiring so young, you'd really be forced to live off less than the net interest on your investments (since you'd want it to be growing so you're cushioned against a market crash). A reasonably safe portfolio that returns 5%/year can probably be constructed, so you'd be living off 3-4% of your principle each year. Therefore, a million dollars in investments will allow you an income of around $35,000 per year. You'd probably need upwards of $2mm+ in order to live off of investment income alone.

>>304819

What if, later on, I shifted a portion of my investments into something like government bonds, a high interest paying account, CDs, etc in order to limit my short term exposure to market factors.

2 million invested by age 30 is very, very doable. I could maybe swing 3 million, but I might have to skip college and I don't know how I feel about that yet.

>>304827
A portfolio of medium-length government bonds will probably only yield 1-2% per year. If you invest in longer-duration bonds, you might get 3% per year, but then you're exposed to interest rate risk (though, if you're holding to maturity, this may not matter).

By contrast, a portfolio of, say, 20% US market, 20% international market, 20% corporate bonds, 20% inflation-linked bonds, 10% gold, and 10% alternative assets, will probably return over 5% per year, and will have much lower risk than any one market alone.

>>304844

Out of 2m though that's still 100k a year, so a diverse portfolio that yielded at least 5% would be something I could easily retire on. Granted I gross much more than that, but I don't think that I need 100k to live in. It is likely that a lot of that would wind up back in investment or savings.

>>304827

That's a good idea to shift your exposure to lower risk returns if you have realized a lot of returns on the years of savings (principle, right?) which would enable you to "live off" some of the returns with more predictable net worth.

>>304558

>If you do it right, you get income in perpetuity.

I hope to won properties some day but if you don't do it right or the property is vacant you are on the line for taxes and other liabilities.

It's not so simple.

>>304124
One more reason why this board is unbearable

>>304018
>If I plan to retire at 25

that NEET mentality
enjoy not succeeding.

>>304877

>NEET

All these assumptions anon.

>>304878
>All these assumptions anon.

I never said you are a NEET. You just have the mentality.

Anyone who wants to "retire at 25" has that mentality by definition. Unless you don't understand what the word retire means and think it just means financial independence.

>>304886

I wouldn't mind working a second career or running a business later on, but nothing with too much hustle and bustle.

Some of us want to actually take the time to enjoy our lives.

>>304018
As a question, what job do you have that's earning 100k a year without college?

>>304902

Escort.

>>304887

There's no sitting at a beach lifestyle without earning an income. Even billionaires work long hours.

>>304904
>Escort

pics pls

>>304904
Are you fucking serious

>>304904
Great troll thread OP

>>304928

>compromising my secret identity

>>304937

About money? Always.

>>304887
>Some of us want to actually take the time to enjoy our lives.

If you can't enjoy life while also working you will never enjoy life.

People have this delusion that life starts when they retire, those people end up never having lived at all.

>>304904
>escort
>100k
>>304951
>About money? Always.

Aids medication can get very pricey in the long run.

>>304955

Actually 100k is pretty lowball. I'm assuming that's what I'll have after taxes etc. Working full time I can gross 400k annually, but again, taxes and expenses.

I'm told STDs aren't a big thing to worry about as long as I screen carefully and always use my own protection.

>>304958
>Working full time I can gross 400k annually
This is what mentally ill faggots actually believe.

>>304958

First of all, escorting is a roundabout way of saying prostitute. You're paid with cash for every client.

Lets say you do actually make 100K being a gay escort, are you really going to file taxes for a felony? You're going to get audited by the IRS pretty fast

You will also inevitably get HIV

>>304978

>this much mad
>this much lack of knowledge

Just hide the thread and move on. Seriously.

>>304978
>being a gay escort

I don't think OP specified they were a male. It's just as plausible a high-tier female escort catering to rich businessmen cheating on their wives could be paid in cash.

And they money could be either laundered in various ways, or simply declared as being from another source (i.e. "personal companionship" or something legal.)

>>304992
I doubt a non-college educated whore is going to be interested in investing their money wisely.

Anyway, this is just a shitty troll thread.

>>304978
>>304962


The math isn't really hard to make.

Let's say that OP is cheap male escort and charges $100 for a service. Escorts always have more than 1 person looking for their services everyday, 5 clients a day is very reasonable and maybe even low.

So he could easily make $500 dollars a day. 500*365= 182500

>>305060

Actually the going rate for mid-tier escorts (not sure about the gay market) is $200-300 hourly. Getting 35 clients a week once one has reviews and an established reputation isn't at all difficult.

http://eccie.net/

It amazes me how some sub-cultures have minimal interaction, especially on a board that seems to love yammering about "hookers and blow".

OP doesn't realize his twink value will decrease as he ages.

>>305064
Post body pics and we'll let you know if you can make more than $50 hourly.

>>304958

I used to book for an escort agency in Vegas. Gay escorts are very niche. Not even all female escorts make $100K, unless you are a pornstar or fuck 4-5 times a day. Most do it on the weekends for passive income. You are full of shit. Not even gay pornstars make $400K.

>>305081

i'll still let him touch my tra la la

Are you a retard? Google: high frequency trading, labor scandal, dollar crash and wake the fuck up and prepare for united states of third-world counties

this
>>304952
>>304952
>>304952
>>304952
this

>>304952

words to the wise right here