once you make 500k, haven't you basically made it for life? 500k in a mutual fund at 10% a year (heh) is 50k annually and that's pretty easy to live on.
Once you make 500k, haven't you basically made it for life...
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Good luck getting 10% a year..
what kind of fund makes 10% a year
zero shot. 10% not happening. plus taxes. plus inflation. Also, your lifestyle is more expensive than you think, tons of creeping costs people people aren't aware of because they don't show up in a monthly budget due their frequency being much lower than that (medical bills, periodic new car, house maintence, pay for a kid's braces/college/whatever, legal bills which can hit anybody, etc).
Platinum Asia (Australian hedge fund) has returned something like 14% a year since 2003. Their international fund has returned near 12% since 1995. Sure, you pay tax on 25% of that (at least here), but it is definitely possible to get somewhere near 8-10%.
literal ponzy
What in the fuck
Even though I hate niggers I think that photo is messed up
if you're taking out all your gains you'll lose most of your value to inflation over the years.
In 10 years you'll have the spending power of 40k
In 20 years you'll have the spending power of 33k
In 30 years you'll have the spending power of 27k.
Try to aim for a withdraw rate somewhere between 3-5%, and re-invest the rest of your gains every year.
Do that and in most scenarios the money will outlive you.
why
The kind that losses 50% in a recession
$500k is my goal
>5% withdrawal rate
>60 years left of retirement
You're following guidelines for boomers. Even 4% is not safe over every 60 year period.
>10% a year
lol
I agree, I assumed OP probably won't live that long.
Put at least half that 500k into real money gold and silver. Wait for the currency crisis. Gold will be revalued multiple times higher one day overnight. Buy a mansion with 3 ounces of gold after the deflationary collapse of all asset prices.
You anons are smart guys but you are fucking retarded when it comes to constitutional real economics.
You can't have 0% suppressed interest rates for almost a fucking decade and not have it end in economic ruin.
A mere 25 years ago had you said interest rates will one day be at 0% much less a decade.... you would have been put in a straight jacket and thrown in a mental institution
This is where obama REALLY fucked this nation which very few understand. 0% interest rates and 3 rounds of QE.
The hustle never ends OP
the real goal is to put yourself in a position to monetize your passions, as a hedge to a collapsing financial system, if you can provide value to society, enjoy it, and find it meaningful, that's the real retirement plan.
with 500k i buy a few apartments, rent them. i live on the rent and the house is increasing in value.
remember that resources are finite but you will always have people like shit, they need a place to live so thats the best hodl
THE FUCKING DOG LMAO
You hedge yourself with real constitutional money. Gold and silver.
Worst investment ever is housing right now. Taxpayer is in debt up to his eyeballs. Housing has only gone up the last 8 years because of all the cheap money monetary heroin injected into the system as a result of criminally suppressed interest rates.
In 2-5 years or even sooner housing will be upwards of 90% less than it is now.
Real estate is the worst investment ever right now. Buy gold and silver protect what you have wait for the currency collapse then buy 10 homes mortgage free with 20 ounces of gold. Which only costed you 25k to get in the current fiat paradigm that is coming to an end soon
>Gold and silver.
But of course fellow man, shiny rocks are the staple of our economy.
No for real you're retarded.
10%? I'd sell my left nut to get 6%
i can't believe people think we are not headed for civil war
what are you even investing on? hope?
"Gold is money - everything else is credit." - JP Morgan (testimony to congress 1912 before he died)
"In the absence of a gold standard there is no way to protect savings from confiscation through inflation, there is no safe store of value." - Alan Greenspan (1966)
You realiZe how cheap shit was when we were on a gold standard?
Do you realize that all the income inequality we have right now is because we don't have gold backing the currency?
You unironically realize that you are investing in crypto because the dollar is dying....because it isn't backed by gold (whether you realize it or not)
Think about that you stupid nigger. You are actually fleeing dollars and putting it into crypto because the dollar is failing because the Jews took us off the gold standard.
I have $750k. I went to an investment bank and they offered me 3.76% a year from dividends payments from a stock portfolio and 2.2% yield from an index fund. (This isn't taking into account the growth of the stocks, just the dividends) But even with that added in I don't think it's no 10% a year, probably closer to 6 or 7.
Imagine being this dumb. Just imagine.
Immediately take 100k of that 750k and buy gold and silver coins.
You stupid assholes put your federal reserve Jew notes in Jew controlled mega banks... and then unironically come on here and blast jews.
You are all so fucking stupid. You last the jews.... while simulataneously putting money in Jew banks. It's fucking Stockholm syndrome you anons suffer from
You must live in the poorest place in the world if you can buy an apartment complex for 500k
No, because 10% isn't garenteed, and because of inflation it's worth less every year.
What did I say that was dumb you fucktard? I quoted two fucking monetary titans from the 20th century.
And you couldn't argue any of my commentary.
You fuckheads are literally investing in crypto because the dollar is dying (because it isn't backed by gold)
>quotes a dinosaur
We have found a gold shill. BTFO
You stupid faggot. How dumb are you people? Gold has been money for thousands of years. That doesn't change just because its hurr durr 2018.
100 years ago a good weekly salary was 20$. Today 20 dollars barely buys you a cheeseburger and beer at a pub. What's changed?
What's changed is the same fucking Jews you talk shit about took us off a gold standard. Why the fuck you think gum costs 2 bucks now when 70 years ago it cost a nickel?
You think that's magic?
You are literally more brain dead than a gangster nigger.
You are investing in crypto because the dollar is dying and don't even understand that it's dying because it's backed by gold.
Hurr durr crypto is the new gold..... but the. Ring anti actual real gold. Dumbest fucking people on the planet
You're dumb by not being able to read. I said the best hedge is a respectable skill you enjoy practicing. When people won't have food to eat, they won't give a fuck about your shiny rocks.
>gold & silver
>first record of gold used as currency is from ancient Egypt
>jews came out of ancient Egypt
You're falling for the oldest trick in the book.
How much au and ag to make it user.
500k staking ark is $50k/year for life. So yes, you've made it in life.
If you have just 5 ounces of gold and 200 ounces of silver... you are ahead of 99% of the population.
Go to usdebtclock.org and look in the bottom right hand corner and look at the dollar to gold ratio and the dollar tonsilver ratio. And look where it says silver should be. You'll be shocked.
Now... that price and amount of silver you have won't be in today's dollars because there will be a deflationary collapse of all asset prices.
So after the currency reset that 200 ounces of silver equals 160k but it's magnified because a median prices home will probably only cost about 50k
Look at your little bitch ass getting all butt-hurt on the internet. You must be a fucking pain in the ass in real life.
Picture is a selfie of you
You fucking stupid asshole. What the fuck do you think people buy gold and silver for?
They buy it so they have money and wealth to buy shit like food when the dollar collapses. That's the entire point fucktard.
Nobody buys gold to get back more worthless fiat.
If gold doubles in price tomorrow to 2700 bucks that just means the dollar lost even more value. It doesn't mean you are richer.
Fucking Jesus Christ use your brain nigger
let him cope
dumb bullion fags
Thanks user, godspeed.
Your origami skills don't mean shit during a crisis unless you're a dentist or a plumber, which i highly doubt are enjoyable occupations
The entire fucking point in buying gold is because fiat is a scam and you don't want your wealth hyperinflated away into nothing.
Jews have brainwashed you into their debt currency.
Tell me what value gold has then
why should it keep its value?
No quotes.
No historical trends.
Give me logical reasons why should your shiny rocks represent the work you've put into acquiring them.
B-b-but you can't eats gold and silver...
Said no one ever going back centuries
Uhhhh gold and silver suck ass though it could probably be a decade away
You should be buying PFR instead of whatever crap youre holding. Their mainnet comes out on April 30th. Do you realize that Localbitcoins now has KYC? Do you understand that once PFR is out, people will all jump ship to avoid having to upload documents? People kept doubting the project but these guys deliver. Do you want to be poor forever.
So we get to live when the bosses come back
Because the east is moving away from
The dollar and stacking gold like crazy. You think china built those ghost cities for fun and nobody to live in?
When gold gets revalued much higher one day to purge the debt from the system those ghost cities are going to fill up faster than your head can spin.
You can't have interest rates suppressed at 0% for almost a decade and not have it end in a currency crisis.
All that happened in 2009 was QE galore to inflate the costs of everything. When asset prices collapse your going to wish you had even just 5-10 ounces of gold. Which costs close to nothing to buy today
500k is enough to live off of for at least 20 years. why invest?
Safe funds are around 3%-5%.
So to have a comfortable life you need like 1-1.5m atleast.
> 10% expected return is way too high
> Google "inflation" and "real return vs nominal return"
BTC :^)
Nobody will want gold or silver when the dollar collapses. Either we end up in full scale societal meltdown and somehow the army doesn't control it, people shoot each other within one week and neither you nor I make it out alive to see the hypothetical return to gold barter you impliedly fantasize about; or we end up with crypto replacing fiat, whether an open project or a government one. Literally the only reason to use gold/silver over crypto is a scenario where civilization has fallen to the point computers aren't a commodity anymore, but in that same scenario forging friendships and being a mean fucker with a gun will carry you ten times further than heavy and worthless shiny rocks.
We are NOT returning to some kind of tribal society, get this through your head. Human knowledge doesn't go away, so if we collapsed then reattained an equilibrium where we're not shooting each other on sight, you would immediately see people form communities to develop sustainable farming, electricity, running water... Computers would be running by day 2, and some form of Internet within months.
Financial brainlet detected.
i live in israel, and apartments here are extremely expensive, you can check. i dont own apartments in israel but in berlin, prague and madrid, these are getting me a nice passive income as well as the growth of the value of the apartment
>historical trends
>he thinks asians will fall the ancient jewish shiny rock scam
Not a reason.
last time people said in the recession
>muh china
they got duped into chinese "stocks" and pension funds lost billions. They gonna wreck your economy and put their own fiat in place, not shiny pebbles.
Ok, you're actually retarded.
China build ghost cities for the sake of inflating GDP.
These cities will never fill up because they're already decaying.
There is LITERALLY actual footage of this EVERYWHERE on youtube, while you sit with your gay ass gold delusion.
TLVfag here, the rent is ridiculous
did the math with a few other cpas cashing out 2mil AFTER taxes is the bare minimum to never have to work the rest of your life
Gold fags, how many of you hold actual physical gold, rather then gold IOUs paper?
If you dont hold you dont own
>paying for medical
>paying for kids braces and education
What kind of shithole 3rd world do you live in m8?
Givd ETH address, will help you out
How will you pay for shit during a crisis? Can you splice it into decimals like bitcoin?
LOL paper IOU gold? Never
China, India and Russia have been accumulating record tonnage of gold for over a decade now. You think they are doing that for fun?
You don't think china is going to want to consume its own wealth that it produces instead of sending it to maxed out debt laden Americans who have no savings?
They want out from under the petrodollar. Why do you think we have 800 bases worldwide? To protect our lolfreedom?
I will trade my skills first, tool usage second, water third silver and gold would be low on the list
imagine being a brainwashed keynesian faggot that actually wants to be poor
Why do you people actually want to be debt slaves?
Buy using gold/silver or crypto you are actively fighting against jewish enslavement.
You'd rather support their inflationary system because you're a kike.
4% isn't too hard to live on with that. Your lifestyle is a lot cheaper than you think. All that bullshit you mentioned is just that, bullshit.
Yes... their own fiat backed by GOLD. Like I said china has been accumulating record tonnage of gold for a decade now. Why do you think they are doing that? For fun???
The petro yuan is going to be gold backed.
You idiots think that paper is money?
200 years ago if banks started issuing dollars not backed by gold americans would have laughed. Today? Virtually no Americans own gold or even know that it's real money.
That's the real trick the kikes have played on you.
To take the power away from govt you have to reject the source of that power, which is the money they spend to corrupt the economy.
Hi peter,
I've been waiting for this economic collapse for 10 fucking year and it hasn't come yet
Get those knee pads ready
What the fuck are you going to trade your skills for? A slap in the face with someone else's cock?
Your going to want real money gold and silver or a currency backed by gold and silver.
You idiots are into crypto. And you think we are going to go back to some closed loop barter system where I sew you a dress and you give me a Blowjob in return for my services?
buy-to-lets in the uk. best investment for passive income.
>constitutional real economics
>In 2-5 years or even sooner housing will be upwards of 90% less than it is now.
wow so bold. much listen
You fucking dumb nigger. The economy did collapse 10 years ago. 2008, remember that dumbass?
Now, the fed had more ammo back then and was able to re-inflate things with QE. And they have kept this house of cards up longer than anyone imagined...
But here's the kicker dumbass. 10 years is a fuckingg NOTHING timeframe. It's a blip on the screenin terms of time. Problem is with faggors like you is you are so self important you actually think 8-10 years is a long time. It's not. It's two college cycles. In the grand scheme of things 8-10 years is nothing.
So the economy might collapse in 50 years from this?
who cares?
I say this as someone with austrian economics leanings
Maybe.... but the dollar could implode tomorrow too. Look, im actually trying to help. If people do not own any gold and or silver they are being very very stupid.
Platinum Asia is a chink scam coin.
>no whitepaper
>no roadmap
>no eth pairing
>no dev team
>Asia platinum being higher than 1 yen defeats the purpose of Asia platinum
0.00 rupees EOM
>what is inflation
Fucking retard.
I live on 20k usd a year
you some spoiled white boys
I live on $6k in one of the most expensive countries in the world. Talk about spoiled.
I take you up on it op.
But how in earth do i buy/store this anonimously in large amounts?
>he fell for the gold jew
Enjoy getting assraped in the coming decade when asteroid mining becomes a thing.
I have more cash and income then i know what to do with it. Dont hurt to diversify it.
Fair enough.
Yea but margin trading crypto is a lot more fun than just sitting around waiting for your index fund dividends
>margin trading
Why risk liquidation like a degenerate gambler when you can buy a bunch of small caps and wait for them to inevitably moon?
Should i just go to the atm every day and make 1k goldcoin purchases in cash pretending i spended it on hookers and blow?
How do I manufacture a computer within 2 days
>go to literally anywhere
>pick a computer of your choice
if central banker interest rates were higher like they are supposed to be, 10% would be easy
>You fuckheads are literally investing in crypto because the dollar is dying (because it isn't backed by gold)
That's not the reason most of us are in crypto.
Ignore the braindead goldshill, don't give him (You)s.
>house is increasing in value
>growth of the value of the apartment
I don't understand how does its value increase if the building decays, materials age and other newer ones are better built? What about maintenance, property tax, and insurance on top of that?
Rofl this thread fuck for the love of god.
ITT: some angry dude keeps telling people to buy gold, lots of people get triggered, everyone calls everyone dumb, you're all still poor.
Yeah you're fucking retarded mate, the guys got some solid points
The dollar is going to die faster than most realize, the stock market is very obviously propped up at this point and any of over 35 has more debt than their entire networth, some of these fucking boomers have paid 3x the worth of their house in mortgages and STILL have debt. Americans as a whole became retarded with their money.