11–20 of 110 posts
I doubt you can consistently make that kind of return year in, year out. Accounting for 2% inflation its looking even worse.
There is a pretty good discussion here which expands further - https://www.reddit.com/r/investing/comments/5xmr3y/does_anyo...
I would recommend starting with Interactive Brokers or similar API (it is free), small linux VPS, some data for back testing and off you go, for around $100 you can start + a lot of time of course... Start by testing any trading strategy you can fin on the net for free, they will fail, but you'll observe why and one day you will find your own edge...
Buy Bitcoin and wait a year...
[0] reddit.com/r/financialindepdence
When do you want to retire with this $2.2M? That might guide your investment choices. Sounds like you might want to take some financial/econ classes as well ;P
So you will need to generate 3.6% on your 2.2 million to take 80k a year. No idea what your tax rate is so i cant comment on how far out i am here. I doubt you can consistently make that kind of return year in, year out. Accounting for 2% inflation its looking even worse. There is a pretty good discussion here which expands further - https://www.reddit.com/r/investing/comments/5xmr3y/does_anyo...
It's very rare for you to meet someone serious about saving money. Before you know it, they're complaining that you never do anything even though you have plenty of money (relatively).
Are you sure you won't want a relationship? You're young enough that within a decade you'll be a completely different person. It doesn't seem that way now, but a decade is a massive force.
There are other things you'll be giving up: Pets, for example, are quite expensive. Sinking $3k into an electronics hobby is also rewarding. You'll also be buying everything second-hand if you're really serious about saving, and it's hard not to become frustrated with all of the poor-quality things in your life.
And then before you know it, your youth will be gone. Time is more valuable than money.
Just think carefully about your goals. It's easy to set a lofty aim, like becoming a doctor, and then set yourself on a trajectory you may regret.
Honestly? Just master data structures, get competing offers at FB and Google, make 350-400k a year, invest heavily and aggressively, retire in 7 or 8 years
Buy Bitcoin and wait a year...