/biz/ - Business & Finance

>>18766193
Hey, that sounds like a sound advice. May I borrow it?

>>18766193
87? Maybe if it 100xs

>>18766193
Whats it like not being a JETS Chad?

Investing just 20k into a Vanguard fund for 30 years would net you $1M
I could retire on that at 55. Even better if I put in more than 20k. (Right now I save 70% of my 70k paycheck so I'm investing 35k).

I honestly plan on retiring in my mid 50s.

>>18767562
Exactly. With even a halfway decent job, if you don't care about yachts and lambos, it's pretty easy to go at 55. That is, if the whole thing doesn't fall apart first or hyperinflation doesn't kill your gains. And what happens if the market crashes within a year of your retirement?

>>18766193
stop mocking me you asshole

>>18767562
>I honestly plan on retiring in my mid 50s.
Good luck faggot. I retire in 5 years from LINK

>>18767672
make it 2 years

>>18767562
If you're not retired before 40 you have failed at life. Some would argue before 30 but that's a bit ambitious in my book. Definitely by 40 you should have enough money to do whatever you like and free yourself from wage slavery.

>>18767562
>>18767672
This mate. I’m making 60k and 90% of it goes to LINK. (Live with folks) YOU GUYS THINK IM PLAYIN’? You think I'm gonna miss my one shot at retirement before 30? You playin’ fool.

>>18767562
>30 years

>>18766193
I'm feeling a lot of self doubt over this post.
Maybe I should gamble my NW on shitcoins instead

im gonna kms by 50 anyway

>all these deluded faggots that think they have decades of normality left and will actually retire
>they actually think the dollar will last another 30 years

AHAHAHAHAHAHA

>>18767758
Godspeed fren. I only have 4000 LINK but I hope it will be enough within 5 years anyway
Otherwise I gonna kms

>>18767866
Yes that’s why I have some corn

>>18766193
You don't like Vanguard ETFs because your job doesn't pay you enough to retire. You mock them because you are poor and think you have to gamble your way to retirement because you see no way to raise your income.

>>18767562

>dude just save $20,000 every year for 30+ years lmao
>dude you'll always have a great job paying $70,000+
>dude just live with your parents forever so you can save 70% of your paycheck

>>18767869
You'll be more than fine fren.

>>18768038
Thanks anon

>>18767562
>Investing just 20k into a Vanguard fund for 30 years would net you $1M
Thirty years from now, a million Federal Reserve notes won't even buy you a hamburger at Mickey D's. But one, yes just one, pre-1964 90% silver dime of constitutionally valid money will get a blowjob from a formerly well to do housewife of a DCAing salaryman and her teenage daughter within a few years.

>>18766193
>DON'T INVEST MORE THAN YOU CAN AFFORD TO LOSE AND REMEMBER TO REBALANCE RISKY ASSETS

these memes are funny even though Bogle heads are right

Can I invest in a 2x leverage ETF for 20 years if I'm retiring in 30?

>>18768316
For now. Its kind of a self fufilling prophecy everyone and their mother invests in the S&P 500 despite its lofty evaluation, and bonds are fundamentally a bad investment right now. Once boomers retire and pull some money out of the S&P we’ll slowly but surely see those companies return to a normal level and millennials will be fucked again

It's better to invest than not invest. If you think inflation is going to ruin your buying power so you shouldn't try than that's a shitty mindset. Inflation is trivial when compared to the growth of shares.

Also if all your eggs are in the crypto basket, that's fine if we're talking <50k but crypto is far from a sure thing. Chainlink is more likely to drop by 10x than go up 10x. You may win but you're more likely to lose. I wouldn't bank my life retirement plan on a crackpipe dream.

>>18767562
My retirement plan is a bullet

Who the fuck wants to wait till they're fifty for their real life to start?

Buy ChainLink and your real life starts eoy

>>18768781
ChainLink is more likely to go to $100 than to $0

>>18768217
Based

>>18768939
Nigger it just hit 0 a few weeks ago

>>18767562
>(Right now I save 70% of my 70k paycheck so I'm investing 35k).
What's the point of this? I'm all for saving and investing, but you eventually get to a point where one in the hand is worth two in the bush. What's the point of living so frugally so that you'll have a bunch of extra money when you're a decrepit geriatric and the good part of your life is already over? I'm not saying you should be a nigger-rich retard spending all your money on dumb shit and living paycheck to paycheck, but too far in the other direction doesn't make sense either IMO. Don't squirrel away so much of your money that you end up living like a popper for no reason.

>He's not scalping freshwater lobster futures contracts
>He thinks he will have enough money at retirement

>>18767562
You are bald and invisible to prime girls by then, whats the point?

I need to be rich within 5, 10 years TOP, beyond that its just not enjoyable.

So all in on BTC is it, if it doesnt work out jump off a bridge.

>>18769130
As Seneca wrote
>It's not the man who has too little, but the man who craves more that is poor

I have everything I need already. I working car, a room to live in and spending money. I don't need to buy Rolex watches or sports cars to feel happy. at a 80% save rate (which I hit some weeks) every day I work is 4 days where I don't need to.

>>18769650
cope

>>18769650
Yet your whole stance behind saving all your money is that you'll be a rich millionaire by the time you're a 60 year old boomer. What's the point in that? Again, I'm not saying be a nigger who buys a bunch of dumb shit for no reason. If you don't need much to live how you want, then that's great. That just begs the question of why work so much the first place.

>>18767968
You can live in a studio and spend $10K per year on essentials while making $30K

>>18769705
>Yet your whole stance behind saving all your money is that you'll be a rich millionaire by the time you're a 60 year old boomer. What's the point in that?

The point is that I will financial freedom. If I have 1mil in equities I could leave work anytime, I could do and go wherever I want. That freedom is appealing to me.

Obviously it's better to have it younger than older but if you have to take high risk investments to get there then all I can say is good luck and prepare to lose because there's a good chance you will.

That being said I have 20k USD in crypto and I might buy more later.