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/biz/ - Business & Finance

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26158129 No.26158129 [Reply] [Original]

>you absolutely not need more than 300k to retire...

/biz/ is just an extension of plebbit at this point

>> No.26158169

welp. i know for a fact i'll be a multi billionaire in two cycles. 300k is nothing.

>> No.26158232

>>26158129
Literal S O Y jacks roaming biz now

>> No.26158286
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26158286

>>26158129

>> No.26158415

>>26158129
Literally poor fag cancers

>> No.26158453

Anything under 10MM and you're still a broke plebian.

>> No.26158686

>>26158129
>retire
Fucking faggot

>> No.26158781

>>26158129
It's true though. If your goal is just to retire as soon as possible, you don't need more than 30k / year, and 10% returns on your 300k is easy.

>MY cost of living is going to be higher than that
Then your goal is something other than "retire as soon as possible"

>> No.26159704

why is thinking you need 20 million dollars to even think of retiring so based

>> No.26159955

>>26158286
what a fucking faggot.

>> No.26159993

in cuckmerica? of course you do

>> No.26160043

>>26158129
wow cool haircut where'd you get it anon

>> No.26160076
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26160076

>>26158286

>> No.26160081
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26160081

Remember to be as racist and bigoted as possible, it will either scare them off or convert them to our ways.

>> No.26160153

>>26158129
There are two kinds of retirement:
>Normieville
spending your retirement savings down in the twilight years of your life and implicitly betting against there being any advances in life extension that would mean you live to 120 and run out of money at 100
For this, $300k will do and you can stop there

>Actual sustainable retirement
Having enough money to be able to have a modest income and keep your nest egg from being eaten away at by inflation, taxes, and macro risk
For this you need at least $1 million and a house but more realistically $2 million and a house

>>26158781
Stfu poorfag
The average return on the S&P 500 isn't even 10% when you account for taxes and inflation, and all of that was in an environment of the US dollar being the world reserve fiat currency
>>26158169
>t. Going to get washed out if the 4th cycle is bearish
3 bull cycles and 1 bear cycle, just like the 3 years of bull market 1 year of bear market in the cycles we've seen so far; just a hypothesis though

>> No.26160394
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26160394

Retirement is a meme. Jet money or bust.

NEETs are ambitionless losers and should all be thrown into concentration camps.

>> No.26160460

>>26160153

do you really think you can afford life extension with $1 million usd? lol

>> No.26160587

Get $300k
Put it in growth etfs and set aside
Live in a van down by the river for $10k a year

>> No.26160635

>>26160587
>Get $300k
>Put it in growth etfs and set aside
>Live in a van down by the river for $10k a year
Also collect welfare the whole time so you aren't feeding black people

>> No.26160752

>>26158781
Yeah, and 30 years ago you could put $100k in a savings account and earn 10%, and $10k a year was enough to live back then. It’s sure everyone who did that is still living the good life.

>> No.26160893

>>26160394
Locked

>> No.26160909

>>26160587
> put it in etfs
Enjoy the bubble pop. Every reddit-tier faggot is already doing this

>> No.26160955

I live off less than 100 dollars a day. you guys are fags

>> No.26160989

>>26160955
I live on less than 10 fag

>> No.26161796

>>26160909
>the entire economy is a bubble
And it will never pop.

>> No.26161873

>>26160752
Imagine being this wrong about everything

>> No.26161992

>>26161873
He's literally not though. Look at the interest yield graph. Low yields kill savers and thus the middle class, forcing them into gambling to keep up with inflation

>> No.26162293

>>26161796
Better invest in undervalued companies and not in etfs

>> No.26162427

>>26160460
In the future, yes
But that's why I said $2million and a house which would give you a median passive income

>> No.26162597

>>26158129
I need 1.6 million if I want to spend 40k a year until I’m 70

>> No.26162683

>>26158129
that's a plebbit s o y liberal.

>> No.26162735

>>26158781
Fuck off. Tony Robbins faggot.

>> No.26163112

>>26158129
I just want a modest yet comfortable house with some land in a remote location close to nature where i can live an off the grid lifestyle raising chickens, fishing and growing crops and such. I don't need millions, i have no idea what I'd even spend it on. A life of asceticism is good for the soul, a life of hedonistic pleasure seeking and consooomerism is not and will not make you happy.

>> No.26163598

>>26162293
Just buy an undervalued companies ETF.

>> No.26163791

I made that thread. I'm gonna be retiring on 300k in my third world country while you Americucks will wait forever for your millions

>> No.26164644

>>26163791
>inb4 noooooo, but I need 5k a month to rent a cuckshed in SF and 3k a month in insurance costs and 2k a month for my avocado toast
>you can't live on less than 100k a year, stop coping

>> No.26164786

>>26158781
No economist thinks 10% is realistic going forward. Especially not in a low interest environment.
8% is being very optimistic. And you have to pay taxes on that and set 2% aside for inflation...

>> No.26165081

>>26158129
this is so wrong and short sighted, such terrible advice that I'm pretty certain OP is a jew.

NEVER STOP STACKING. $300k is poverty tier unless you want to live in some 3rd world shithole.

>> No.26165150

>>26163791
>>26164644
and there it is. where you retiring to? Afganistan?