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/biz/ - Business & Finance

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11629739 No.11629739 [Reply] [Original]

>You have 100k in cash
>you earn around $120k/year
>you want to retire in 5 years and live a decent semi minimalist life

what do you do?

>> No.11629760

>>11629739
Does your employer match your 401k?

Assuming private sector and not gubment?

>> No.11629849

Three options.

A- Live on 25% of your net, invest the rest into a typical index fund portfolio. Maybe 4 years because of your savings, depends on the market. Note: you will be living off the same amount post retirement.

B- Live on 25% of your net, save the rest. Invest in rentals or small business. Higher risk/return, requires skill.

C- Give up.

>> No.11629932

>>11629739
>100k cash
buy into AMZN right now while it's dipping, hold till you get a good return

>> No.11630052

>>11629739
all in on LINK you'll be retired 1 year. you're welcome for the extra 4 years.

>> No.11630063

>>11629739
move

>> No.11630064

>>11629739

LINK

>> No.11630082

I got 15 yrs to go till I can retire from my job w/full benefits. Be 50 yrs old. Thank god.
Steps I've taken for my retirement:
401k (since 2005)
Pension
Savings: Currently at 15k w/2k + Tax refunds added for next 15 yrs.
Stock investments (just started)
Got bonds almost hitting the 30 yr mark. May roll over into a CD or cd ladder.

By the time I walk out in 15 yrs I should be in good shape, the only debt I have now is my house and 1k on a credit card. Car is paid for.
I may not be rich but I'll be well off enough to just kick back and enjoy life from 50 on.

>> No.11630426

>>11629739
Go all in on babb.

>> No.11630471

>>11630082
Your plan assumes the stock market doesn't go down, your pension isn't bankrupt, and inflation doesn't make the bonds pointless.

>> No.11630562
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11630562

>>11629739
If I was you and I didn't want to get married and have kids, I would unironically buy a van/truck and kit it out and live in that fulltime. Check out some vids on youtube it looks pretty comfy. As an aussie, I'd go up and down the coast and try visit lots of our thousands of beaches. God I wish I could be a van-dwelling neet living off the dividends of a 250k-300k porfolio (achieveable for you in 5 years) spending my life surfing, cooking, gymming and reading.

>> No.11630573
File: 129 KB, 750x522, van dwelling.jpg [View same] [iqdb] [saucenao] [google]
11630573

>>11630562
pic related

>> No.11630580

>>11629739
I'd buy as much COLX as I could.

>> No.11630779

>>11629739
Buy Monero, retire in 2 years

>> No.11631473

>>11629739
Live off 20k a year next 5 years, I. Eat every dime I get monthly into CHY. Enjoy monthly dividend money. At 5 years with what invested should clear close to 50k a year in dividend money.

>> No.11631556

>>11629932

Imagine thinking an $800B company can grow much more, lmfao

>> No.11631692

>>11630779
This.

>> No.11631945

>>11630082
What you described honestly sucks. I'm 29 and have finances better than you. Don't forget to account for healthcare costs.

>> No.11631712
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11631712

>>11629739

invest 50% in the top 10 coins biz shills

invest 49% in the top 10 coins r/cryptocurrency shills

invest 1% in collectible anime figurines

t.investment banker