I have 30 more years until retirement.
I don't like working with clients but do have software dev skills and trading/investing skills.
Ask HN: What's the easiest way to make a living with $600k in cash?
1–10 of 92 posts
Re: Ask HN: What's the easiest way to make a living with $600k in cash?
#2With $600k, you could just not touch it and then be free to do whatever job you want to just cover living expenses with no thought of retirement I'm pretty sure. "Coast FIRE" achieved.
EDIT: By "not touch it" I meant invest it in something safe and easy and then you'll have full retirement money in 30y
Re: Ask HN: What's the easiest way to make a living with $600k in cash?
#3Can you live on 55k a year? If so, American REITs yield 9% a year. For for example: $NRZ, $OHI, $DX.
Re: Ask HN: What's the easiest way to make a living with $600k in cash?
#4Half in cash
half in investments
Of the 2nd half: half in regular investments the other half in crypto
of the regular investments half, put it all on an index fund.
Of the crypto half, put half of it in bitcoin and half of it in some crypto index etf
When the next crash happens take half of cash which is now more valuable and invest as above
Re: Ask HN: What's the easiest way to make a living with $600k in cash?
#5Can you live on 55k a year? If so, American REITs yield 9% a year. For for example: $NRZ, $OHI, $DX.
It literally can't go tits up!
Re: Ask HN: What's the easiest way to make a living with $600k in cash?
#6Half in cash half in investments Of the 2nd half: half in regular investments the other half in crypto of the regular investments half, put it all on an index fund. Of the crypto half, put half of it in bitcoin and half of it in some crypto index etf When the next crash happens take half of cash which is now more valuable and invest as above
Please do not put 25% of your money into crypto, that’ll be a quick way to lose tens of thousands of dollars in a short time. Crypto is risky with wild swings, you shouldn’t put more than 5% into crypto.
Re: Ask HN: What's the easiest way to make a living with $600k in cash?
#7With $600k, you could just not touch it and then be free to do whatever job you want to just cover living expenses with no thought of retirement I'm pretty sure. "Coast FIRE" achieved. EDIT: By "not touch it" I meant invest it in something safe and easy and then you'll have full retirement money in 30y
Suppose you retire at 65 and live to 90. That's 25 years. $600k is $24k/year for 25 years. Of course your investment may grow in the meantime; but there will also be inflation. I would suggest that $600k is insufficient savings for a retirement that would support the lifestyle you are accustomed to.
Re: Ask HN: What's the easiest way to make a living with $600k in cash?
#8With $600k, you could just not touch it and then be free to do whatever job you want to just cover living expenses with no thought of retirement I'm pretty sure. "Coast FIRE" achieved. EDIT: By "not touch it" I meant invest it in something safe and easy and then you'll have full retirement money in 30y
Suppose you retire at 65 and live to 90. That's 25 years. $600k is $24k/year for 25 years. Of course your investment may grow in the meantime; but there will also be inflation. I would suggest that $600k is insufficient savings for a retirement that would support the lifestyle you are accustomed to.
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Re: Ask HN: What's the easiest way to make a living with $600k in cash?
#9Half in cash half in investments Of the 2nd half: half in regular investments the other half in crypto of the regular investments half, put it all on an index fund. Of the crypto half, put half of it in bitcoin and half of it in some crypto index etf When the next crash happens take half of cash which is now more valuable and invest as above
No one knows if the next crash is gonna happen tomorrow or in 10 years (HN in fact has been predicting it "soon" for the last 5 years). Or whether it's gonna be a small one (so you might buy too late, already on the way up) or a deep one (so you might buy too early, and then have all the issues of the crash anyway).
In fact if you put half now (not expecting a crash) and hold half (expecting a crash), you are basically bidding against yourself. Diversify in different asset types, not in different horse numbers in a race.
Re: Ask HN: What's the easiest way to make a living with $600k in cash?
#10Half in cash half in investments Of the 2nd half: half in regular investments the other half in crypto of the regular investments half, put it all on an index fund. Of the crypto half, put half of it in bitcoin and half of it in some crypto index etf When the next crash happens take half of cash which is now more valuable and invest as above
Please do not put 25% of your money into crypto, that’ll be a quick way to lose tens of thousands of dollars in a short time. Crypto is risky with wild swings, you shouldn’t put more than 5% into crypto.
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