Early-Retirement Update

Post by xwdv » Wed, Mar 24, 2021, 1:26 AM UTC

dbancajas wrote: post #371

stocknoob wrote: post #236

Earlier quoted context omitted.

Normally you'd wait until the volatility is a bit higher, sell a few covered calls against 5-10% of your shares. If the market jumps up, roll the calls out and sell more. If you get assigned, that's great, immediately sell a put. I've been able to do this against SPY/QQQ, rolling and never getting assigned. So it's all gravy on top of the existing market returns. You can eke out a few pct a year this way, but from a…

> remember that black swan events happen once a month in finance, so I think people would be surprised how far OTM they need to go to actually get to a "minimal" risk of them being ITM. I think you're talking about the wheel strategy. Keep reading this at r/thetagang but I believe the premiums lately have been higher than normal so that's why lots of people suggest this. HN was one of the last places I would see this…

Post by glangdale » Wed, Mar 24, 2021, 3:41 AM UTC

mettamage wrote: post #401

glangdale wrote: post #348

The whole thing seemed weirdly condescending towards people with normal working and spending habits, especially because it's not obvious to me what was so great about what the author was doing. The dude hung out for a few years, failed to become a writer, and did some travel, bored his partner to tears, and ... "sucked down an awful lot of media — movies, video games, books", then learned the shit that normal people…

You're leaving out that he mentioned that a lot of his friends weren't really into their work and used shopping as a way to alleviate that form of suffering, at least that's what he seems to believe. Maybe I read too much into that part, I've certainly seen it with some of my friends. Some of my friends hate their job, other friends of mine are okay with their job. In any case, it isn't hard to imagine a big group of…

Post by [deleted] » Wed, Mar 24, 2021, 5:28 AM UTC

munificent wrote: post #256

silicon2401 wrote: post #204

Earlier quoted context omitted.

> "Making music" they never release. Picking up little "pass the time" jobs. And these are people that aren't living "leanFIRE" > It seems like such a nihilistic way to live. You're just floating along the stream of life. Things worked out for you, but you have no further passion or inclination to improve the world? No problems you could set yourself to solving? You seem to assume or take for granted that releasing m…

I think it's important to separate out the moral and psychological components here. I agree with you that if your bills are paid and you're harming no one, then you have no moral obligation to do anything more than sit on your butt and play videogames. It's your life. At the same time, humans are a social species. We have evolved brains and intrinsic motivation reward systems that only give us the real deep kinds of…

Post by DougN7 » Wed, Mar 24, 2021, 11:52 AM UTC

mfer wrote: post #254

GordonS wrote: post #137

Earlier quoted context omitted.

> Not just FIRE people, but 99% of all retirees at any age end up doing nothing of note with their time. If you spend some years just chilling and and are actually happy, then sure, why not. But there are so many retired people who do nothing, and are not happy. For example, my mother, my mother and father in law, my other father in law, my grandmother - all retired, and all do absolutely nothing but watch TV and moa…

I used to work for a company that had a newsletter. In the newsletter they listed deaths. There was a common theme that people would generally either die shortly after retiring or a long time after. Talking with some of the folks near retirement I learned that people who didn't find things to do generally died shortly after retirement. Basically, we live for work and when many people retire they loose the thing to li…

Post by eagsalazar2 » Wed, Mar 24, 2021, 5:00 PM UTC

purple-again wrote: post #302

GordonS wrote: post #137

Earlier quoted context omitted.

> Not just FIRE people, but 99% of all retirees at any age end up doing nothing of note with their time. If you spend some years just chilling and and are actually happy, then sure, why not. But there are so many retired people who do nothing, and are not happy. For example, my mother, my mother and father in law, my other father in law, my grandmother - all retired, and all do absolutely nothing but watch TV and moa…

I’ll add on to the other responses and tell you that for a lot of people getting old sucks and the thing that sucks worse than getting old is being old. Constant pain. Lipoma pressing against your spine means no matter how you sit or lay you feel uncomfortable. It hurts to take a shit, it’s hard to get all the piss out and even when you so you have to clean up the floor and toilet because it dribbled everywhere. You…