FIRE General

>Investments returning just barely more than inflation
Absolute just

Yup fire is gay. Enjoy living like ur in poverty while having lots of money, tardo

>3%
Why not put it in a bank?

You mean like a reasonable human?

This.
Fire is a fucking cuckold meme.
Instead of choosing to do something truly worthwhile and difficult with your life you're trying to skirt by with the bare minimum.
Financial independence that depends on the stock market is not independence.
The upcoming stock market reckoning and the subsequential war afterwards will make your measly half mil look pretty useless.
But at least maybe you'll achieve your real goal here. You'll certainly have enough money to the last the rest of your life.

I personally am comfortable living on $5 a day and wouldn't live on much more than that if I had millions.

>A lot of people would prefer a lean minimalist lifestyle where you might not be able to afford the latest gadgets, nice meals, cars, etc to having to go to work EVERY SINGLE day

Why don't you become a monk then? Your networth will provide you with a lifestyle worse than a minimum wage worker. Even if you accumulate 1 million (which you won't unless you don't buy a property), your returns will barely beat inflation. I hope you have very cheap fun hobbies or some project because life will get stale pretty quick otherwise

Biz laughs at bros with $300K+ who are trying to FIRE. Meanwhile average wagecuck retirement savings by age.

> Americans in their 20s: $16,000
> Americans in their 30s: $45,000
> Americans in their 40s: $63,000
> Americans in their 50s: $117,000
> Americans in their 60s: $172,000

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>General
>FIRE

Go away plebbit. You are not welcome here. Sage.

We should have more of these threads. I'm heading for FIRE myself in another 3 years. I MAY have enough now, but the job is decent and allows me to save substantially, so that's what I'm doing.

The whole thing turns into a pretty miserable grind, though, not gonna lie. Been at it for almost 10 years now and deep down, I still am not convinced that it's worth it. But it's certainly simple - passive income exceeds expenses.

is 4% withdrawal reasonable? I thought it should be 3%
And isn't that just for like 30 years or something of a typical old person retirement.

Currently have a bunch in index funds which I was intending to withdraw 3% a year from but now thinking of buying a house instead. I mean, it'll save on rent, so that's still like I'm earning something... It kind of breaks my heart to touch that money though.

The percentages listed are from dividends, not capital appreciation, which is where most of the gains in the stock market come from.

That's not what my (OP) goal is whatsoever. Not even slightly. I live frugally in some sense; I have a modest apartment, drive an okay car, eat whatever I want. But I don't waste my money on stupid shit, or chase trends, or feel the need to constantly upgrade my electronics. I enjoy life very much and FIRE is about maintaining/improving your lifestyle by freeing up your time. It had nothing to do with frugality unless you want it to.

I'm definitely with you, it does become a grind. But I've learned to look at it as more of a game where I am "beating" the traditional job market. I'm (op) only 28 and most of my friends have very little in retirement savings, few assets. They are just now getting out of student loan and auto loan debt. It feels great to know I'm living so comfortably compared to most.

>mfw when I turned 30 and only have 2k in 401k
My job never told me they stopped retirement benefits and now I'm panicking.

>not keeping tracking of your own finances and retirement
>expecting your employer to keep track of your finances for you

Fucking pleb. You will never make it.

>being this retarded
I am not materialistic and just like to train or waste time online. I don't care about stupid ass cars or some big ass home so FIRE works for me. Unfortunately I am not in a good spot.

he's being smart and assuming that he can't keep up that pace forever. That's a smart way to think

Buy a house. Get something that's not expensive but will still have value if you decide to leave it. Tiny houses or a trailer are cheap, but if you have plans to expand a family you'll take a hit.

Cash for a house is better than paying off other stuff (car) because it removes other expenses associated with house financing.

Op.
I have 60k saved up, but ive done pretty lousy in the market..
Any advice?
Trying to make enough to get my parents a house :c

>real estate
I am currently selling some of my rental properties and will use the cap gains to pay off my mortgage. We are overdue for a correction and the rumblings are getting louder. I wouldnt be selling if not for the opportunity to pay off the debt but I'm also haven't bought anything in over 2 years despite looking for deals. If you are planning to buy make sure it cash flows from day one.

think house prices are going down?

Am i the only lunatic selling off income propertie to go all in on BTC when it takes its next step down? I'm in my late 20's but I need more BTC so I never have to work past 40s. Being a balding, fat wage cuck is my worst nightmare.

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Do you plan to ever have a family?

I know nothing about trading, I invest solely in index ETFs and reinvest the dividends. Just look for something with low fees and a good balance

I'm looking at it as a way to stabilize my expenses. I figure that even if I were to overpay and get a mortgage rather than cash, I won't be subject to the volatility of rent (my current lease is $1650/month, before renewal it was 1580, I assume when this lease expires they'll try to hit me for another increase)

Howd you triple your money?

>I currently have about 320K in the market in index funds. These pay out about 3% annually. I have about 100K in cash savings which pays me 2.5% annually. Collectively this is about $12K.
how the fuck do the index funds only pay out 3%?

625k / 25k is 25 years NOT ADJUSTED FOR INFLATION.
Hope you can live off of 10k a year because that's what 25k is going to be worth in 20ish years

>Live like a stray dog
elaborate

How did she accomplish these gains?
>bigger tits
are they simply fake?
injections?

BASED OP.

I have about 360K in investments and receive about 20K in passive income (dividends + capital gains). I'll need about 50K in passive income to retire so I have about 10 years. I invest about 2K per month in various dividend growth stocks plus I'm trying to get my high yield savings account to 15K (currently at 3.5K) for emergency situations.

Currently own a home but the mortgage is around $1700 (currently built about 75K in equity though) so I need to look into paying off my mortgage early vs investing that money and which will give me a better ROI.

I was able to put about 30K in the market last year of new capital, hoping to put in another 30K this year but not sure I'll reach that goal.

if hes basing it off dividends (which is what I use), dividend growth of solid companies outpaces inflation multiple fold, so without putting in any capital he should receive larger and larger payments every year based solely off a company raising its dividend

Please tell me that doesn't include house equity.

why do these threads attract salty faggots
just go away, retard
bump.

He's talking dividends. He isn't talking about capital growth which would make up the majority of gains

Dividends alone pay 3%?

How can you predict that all of the companies you're invested in don't pull a GE? That was also a solid 100 year old company known to have a steady reliable dividend, until they cut it to near 0

I live in the UK, cost of living is cheaper than US but income is far less. Net worth is about £26k, down from £60k at crypto peak in December

Now crypto is 25% and stocks are 70% of my total worth. Praying for another bull run to ATHs, can only dream

Got an interview tomorrow for wagecucking IT support. £27k salary which believe it or not is not too bad in the UK, will live with parents for 6 months to a year to save the majority then probably move out once I'm more comfortable.

Remember that everyone on Jow Forums is a 6"0 cook at Wendy's with a 6' cock making 500k/year

Depends what fund you're invested in. I think the average for index funds is about 2%, but there's different funds that can be more focused on high dividend stocks

you have enough money to buy a house. what do
>buy a house
or
>rent and invest the money in index funds for passive income

>I am not materialistic and just like to train or waste time online. I don't care about stupid ass cars or some big ass home so FIRE works for me. Unfortunately I am not in a good spot.
the hard part is finding a woman who is into living on poverty wages

They deal with it. Not all pussy can swing a rich dick. Most of them have to deal with govt cheese.

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What's the best way to retire with about 800k-1.2m?

Relevant story: pastebin.com/eizAaFun
Reddit deleted it kek

I hope they are but who knows.

Just make sure you account for all expenses. Mortgage, insurance, tax, capx, vacancies, etc. or else it just becomes another bill. I have been able to find anything that fits my formulas for awhile. Depends where youre looking though.

>Unfortunately I am not in a good spot.
how so?

Seems like the only two ways are "Gambling", or become a "Boomer Landlord". I'm spliting my strategy on both....I have two income properties own and rent while wage cucking, and I have some BTC but I'm gonna sell one of these APTS and pour it all into BTC and see what happens.

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you can't, but if you invest in a diverse range of companies, it shouldn't be an issue. GE is a unicorn when it comes to completely shitting the bed. very rare does a dividend aristocrat fail as a company.

What to look for is a decent p/e, consistent dividend growth, and monitor the payout ratio and free cash flow.

You could also invest 100 a month into a safe retirement fund.....Dave ramesey has a whole thing on it. If you dont know about it, you should check it out on youtube.

>but I'm gonna sell one of these APTS and pour it all into BTC and see what happens
Lol, how many BTC are you picking up? Are you doing that because you think we're near a bottom?

dividend growth stocks + mutual funds

How much income can I realistically expect at roughly that level? Using higher dividend index funds, will my principle be maintained against inflation while I withdraw?

Whatever I can afford....I have no debt and about 6 months worth of expenses saved. I dont think this is the bottom but I do think its safe to dollar cost average in now. I think we'll hit 1,200...but there is no way to know for sure.

>principle
principal
on principle

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How much is your property worth?

youtube.com/watch?v=FcE8cf8dQEM

youtube.com/watch?v=7wjuCgtL0yA&t=292s

i suggest choosing specific dividend income stocks.

the mutual funds will provide dividends and capital gains while the dividend stocks will provide increasing dividend income.

I have a 360K portfolio currently netting me 20K per year (and growing). With 1,000,000 you could reasonably receive $50K depending on how good your mutual fund advisors work.

Focus on dividend growth companies like SBUX, MSFT, AAPL, ITW, JPM; stable companies like JNJ, PG, KHC, KO; some high yields like MO, IBM, T, VZ; and some REITS like DLR, PSA, DOC, IRM and O

The trick is you'll want to reinvest the money for a few years to get the snowball going and to have a higher yield on cost. The reason I can get $20K a year (average yield of 5.7%) with an actual yield of 3.5% is based on yield on cost.

What is your final FIRE number? I'm going for $1M in net worth (might change it later). I'm 37% there. 27y/o so I got plenty of time.

I will 100% move to a lower cost. I'm currently living in an EU capital.

I currently have $140k in crypto and I feel completely retarded. I'm not sure if I should keep riding the waves or if the entire thing is a joke. WIthout crypto I would have nothing, but watching my net worth fluctuate from 200k to 50k and back three or four times over the last year has damaged my soul.

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watching now, thanks

You should withdraw 100k and put it into high yield dividend funds

>You should withdraw 100k and put it into high yield dividend funds
my reservation is simply that withdrawal is an instant like -25% due to taxes, and then the high-yield dividend fund is going to yield 4% while crypto sometimes goes 200% in a week

Don't let the tax tail wag the investment dog

Crypto may go up 200% a week but it can also fall 90% like it has done

You are a gambling addict

I guess I just see it as an instantaneous loss coupled with a totally cuckolded withdrawal of opportunity vs relatively boundless opportunity

I guess so, but if my wins exceed my losses, is that really the same as some schmuck losing his shirt at a casino?

Don’t fall for that stupid meme morty. Don’t be me

I am pretty damn conservative but crypto really provided a rocket fuel to my portfolio/savings/debt during 2017-2018. Attached is my June 2017 to end of 2018 tracking. If you take a look, you can see I was super conservative and I cashed out in Oct 2017 with the China ban and in Dec 2017 and early 2018. I paid off $100K off my mortgage during that time and increased my net worth from $150K to $315K not counting my townhouse. Fucking could not have that kind of performance without crypto. BTW, that $10K credit card debt in June 2017 was to buy BTC/ETH off Coinbase KEK

Can't wait for the next BTC halvening and bullrun. It should at least take another 5 yrs off my wagecucking career.

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>Don’t fall for that stupid meme morty. Don’t be me
?

What is your sites about?
How popular do my site needs to be to make 4k/month in ad revenues? Wich type of ads?

Sorry, but i dont know nothing about this. Is it hard to create a site even if I have 0 exp/knowledge in IT?

>I have a 360K portfolio currently netting me 20K per year (and growing). With 1,000,000 you could reasonably receive $50K depending on how good your mutual fund advisors work.
50k while maintaining the principal against inflation?

Balding will likely be cured by then

So is he just reinvesting the capital growth in this scenario to compound it? What are you typically getting in gains from these Vanguard ETFs and the like?

I have this same question. Seems like you should buy the house so the mortgage is always the same and then you can have equity in the house as well as sell it if necessary. That rent money literally goes down the toilet and I doubt you are offsetting that by your index fund gains

Blessed thread. I have about $200k saved up between cash, retirement accounts and my stock account. I've always been a diligent saver to a fault. My goal is to reitre early and play vidya all day or maybe find a cause I'd be interested in working part time.

I want a waifu and several kids, do I figure I'll need about $50k per year or about $1.25M. It's a long road ahead but I'm ready for it.

Is this literal fucking rocky top boomer saying to just save 7.5K a year for 40 years? How the fuck does that get to 7 million? Why is this retard incapable of explaining anything properly? Where do you put the God damn money?

Yes. The general rule is your portfolio can support a yearly withdrawal of 4% of your porfilio size. This accounts for inflation, so you withdraw more as time goes on.

>Yes. The general rule is your portfolio can support a yearly withdrawal of 4% of your porfilio size. This accounts for inflation, so you withdraw more as time goes on.
I thought it was 3-3.5%, especially with these downturns looming lol
fuck

thanks for the posts

It isn't the capital growth he is reinvesting, capital growth is just the stocks you own going up in value. Dividends are what you reinvest to get the compound effect

I invest in Vanguard FTSE all world equity fund, high risk (for stocks but nothing compared to crypto) and it get's about 2% a year dividends, I invest through the vanguard site which automatically reinvests dividends anyway

>It isn't the capital growth he is reinvesting, capital growth is just the stocks you own going up in value. Dividends are what you reinvest to get the compound effect
Why even make the distinction? All that matters is capital->return, so why focus on where the return comes from?

So what are your average total gains each year?

If you think there's a downturn coming, youll probably need a larger port, of course. 3.5-4.5% is the historical average and was the number that came out of the Trinity Study.

en.wikipedia.org/wiki/Trinity_study

ok, thanks

>Fire is a fucking cuckold meme.
>Instead of choosing to do something truly worthwhile and difficult with your life you're trying to skirt by with the bare minimum.
literally the opposite of what FIRE is about who the jew is posting this shit? once you retire you don't go fucking NEET again you work independently on whatever shit you always wanted to do. who the fuck doesn't understand retirement this badly? early retirement is about freelancing whatever hobby you ever wanted to do full time for the rest of your days.

dreamt of being an architect boom spend the rest of your days drafting and learning from the greats. wanted to make pottery boom buy some clay and take classes at the local community college. ever thought about going to space attend fucking space camp and get the idea before diving into self education since you have all the time in the fucking world without any hectic work schedule knowing your financial situation is cherry.

I don't know who's jewing who anymore

falling for the tax meme was the absolute worst thing I ever did

>The reason I can get $20K a year (average yield of 5.7%) with an actual yield of 3.5% is based on yield on cost.
what?

>falling for the tax meme was the absolute worst thing I ever did
I believe it.

>implying americans own their property instead of renting
even boomers who own end up reverse mortgaging.

is it different anywhere in the world? literally anywhere

I haven't been invested long, but I'm up 20%. You can find out the average return for each index fund by googling. I think the s&p average is between 7% - 10%

I'm not focusing on it, just pointing out that capital growth and dividends are two different things. Reinvesting dividends is a huge portion of where long term growth comes from, so if you just keep the dividends you'll have lost out by massive gains over time

Hey retarded newfag - OP 8x his money is nothing. I did a x5 last year alone on crypto - in a bear market. Just because you're an inept fuckwad doesn't mean everyone else is. Ops post isn't even much of a humble brag, there's people here that are worth many times that already. Now go back.

Dunno about the EU as much, but the same shit here in Australia at least. Boomers love that debt jew. If you've got an actual sure-thing investment, then fine, but taking on debt for holidays and such is just insanity.

I'm talking about home ownership. It's true that you never really own in the US, but I think it's the same everywhere.