Who wants to “retire” and do nothing for the rest of your life? Just save a ton, buy whatever stuff truly makes you happy, and your savings give you flexibility. Like taking a year off between jobs, etc.
i wanna do stuff just not at my job
Financial Independence / Retire Early Calculator
41–50 of 65 posts
Re: Financial Independence / Retire Early Calculator
#42Earlier quoted context omitted.
To me, even though the experts say otherwise, this feels very pre-2008. I know the experts are saying to have no fear... but that's what they were saying in pre-2008 too. I guess I'm too nervous to invest and that's on me.
Experts say to have no fear because as long as you do not sell your assets after they drop in value, the government will be there to pump up the values again. The only broad market index fund owners that were hurt by 2008 were those that sold at low prices. The people that hung on a couple years were greatly rewarded.
And that's very relevant when you're talking about FIRE. You shouldn't have to liquidate any substantial part of your portfolio at one time. Once you're no longer on your own income, you should plan ahead with a 1-2 year runway (deciding the exact amount is an optimization problem that can be run against historical data) to hedge against having to sell off too much at a loss during a downturn.
Re: Financial Independence / Retire Early Calculator
#43Earlier quoted context omitted.
This shouldn't be a problem if you're invested. There's a reason the S&P went up almost 30% this year - a lot of it was an adjustment for the boost in money supply.
To me, even though the experts say otherwise, this feels very pre-2008. I know the experts are saying to have no fear... but that's what they were saying in pre-2008 too. I guess I'm too nervous to invest and that's on me.
Market crashes are unpredictable, and anyone who says otherwise is not expert, but a charlatan. Having said that, if your investment horizon is sufficiently long (as in more than 10 years), we can be reasonable sure that you're likely to get a positive return on your investment, regardless of whether the market crashes or not.
Re: Financial Independence / Retire Early Calculator
#44Earlier quoted context omitted.
This shouldn't be a problem if you're invested. There's a reason the S&P went up almost 30% this year - a lot of it was an adjustment for the boost in money supply.
To me, even though the experts say otherwise, this feels very pre-2008. I know the experts are saying to have no fear... but that's what they were saying in pre-2008 too. I guess I'm too nervous to invest and that's on me.
This is only a problem if you receive a windfall. Otherwise you should simply be continuously investing some portion of your income at all times.
Re: Financial Independence / Retire Early Calculator
#45Earlier quoted context omitted.
This shouldn't be a problem if you're invested. There's a reason the S&P went up almost 30% this year - a lot of it was an adjustment for the boost in money supply.
> There's a reason the S&P went up almost 30% this year - a lot of it was an adjustment for the boost in money supply. This is commonly repeated and feels like it doesn’t hold up to scrutiny. 2021 was the third time in a decade with ~30% returns. https://www.macrotrends.net/2324/sp-500-historical-chart-dat... Maybe it’s partly true but there’s no way that’s the whole explanation and if anything it’s probably just a b…
You seem to be implying that an increase in money supply has to be the only catalyst for outsized annual S&P returns, and I'm not following that logic.
Re: Financial Independence / Retire Early Calculator
#46For me FIRE is about how easily and effortlessly money can be extracted from the system.
Just look at webcam girls or if you want to avoid nudity chinese streamer girls. A girl can earn insane amount of money every day for 4 hours of just talking and smiling. It's absolutely ridiculous.
Re: Financial Independence / Retire Early Calculator
#47[dead]
Re: Financial Independence / Retire Early Calculator
#48Shameless plug to my own version of this: http://mngo.org/fire
Re: Financial Independence / Retire Early Calculator
#49Unfortunately, these calculators usually only do work for US citizen. I‘m from Europe (or Germany rather) where there are a lot of different factors needed to take into account in order to get a realistic number (legal pension fund etc.)
Re: Financial Independence / Retire Early Calculator
#50Earlier quoted context omitted.
My problem is I like building things for fun, and things cost money
Yes, it's a real issue, unluckily having expensive hobbies instead of cheaper ones. :) For example, I love motorcycling and really enjoy skiing - but have to find a balance in order to save some money. I guess this is up to everyone's own to find out. Personally, I keep on motorcycling with a simpler, older bike that's cheap to maintain. And I don't ski, because nobody else in my family does, so we choose other activ…
Skiing costs be really brutal, I grew up doing it but stopped because of the expense which is unfortunate