If you have 3 million all you need is being 100% invested on SP500 or MSCI if you are a pussy and basically sell 3% of your portfolio yearly. 90k a year in a nice spot like Madeira is more than enough.>schizo: uhhhh it may crash 50%So fucking what. 45k is still enough, and it will not happen anyway. Chances are you triple your money again before you see a 50% crash. MSCI nets around 7%, SP500 around 10%, minus 3% withdraws, you still are making money, unlike JEPI and other ETF high yield scams that don't even beat inflation on the underlying.Dividends are retarded in general. By withdrawing 3% you can manually withdraw each month instead of having some big tranche of money sent every 4 months, that you have to instantly reinvest since it gets wrecked by inflation, so you pay taxes to recieve the dividend, then you put it back into the ETF which is retarded, as it's more efficient to withdraw as you need the money and leave the rest invested at all times. It is clear that dividend people have a mental problem and need to have money sent automatically to their accounts. They are also retarded and think they will run out of shares. You cannot run out of shares if you withdraw 3% on MSCI or SP500. You have higher chances getting hit by a bus. There's also something called splits. Once the price per share goes too high, you will get more shares at a lower price, so you never run out the number of shares. Dividendfags are annoying. You are not going to be beating the MSCI or SP500 long term.Yes, you may be going all in on MSTR right now and get rich fast instead of being a retard that works for 40 years, but once you have enough money, lower your risk, and continue to take risk as a hobby, but secure the bag to not work. Not working is the number one reason to have a lot of money.
Notice how having bonds is dumb. It just gives you less volatility, at the expense of melting your capital as you withdraw. Stomatch the volatility bitchass, and you will have more money in the long run. Discard commodities. They are annoying just like bonds. Just get 100% stocks. If you want get some BTC because it pisses off boomers.Of course, the higher you can go beyond 3million the better. But 3 million is that COMFY level. A real gigachad may want to 10x the fucking thing by going all in on MSTR riding the thunder, but you risk your neet freedom.So I don't know what your plan is, and I don't know how, but you must get to 3 million at all costs.So that is all basically. If you don't agree then explain why, but chances are you are retarded.
I need way less than 90k a year. For me comfy neet levels at half of that.
>>59618338Alrigjt then,,how do I get 1.5 Millions?
Good thread OP, I don't know shit but have a bump
>>59618050I really want to go to Madeira or to the Algarve and just chill.
>>59618050That's weird when I made 240k my idea was specifically to live in my car.
>>59618057>Of course, the higher you can go beyond 3million the better. But 3 million is that COMFY level. A real gigachad may want to 10x the fucking thing by going all in on MSTR riding the thunder, but you risk your neet freedom.MSTR isn't going to 10x.
>>59618705It could if BTC goes high enough that people start believing on a supercycle.
>>59618350>>59618338Yeah but you want to have some safety margin in case you are unlucky and you see a relevant drawdown, you need to be able to live with 1.5million-some reasonable sp500 drawdown, let's say... a fucking 20% drawdown (no aspie 50% stuff, but still pretty big) So I would say 2 million so you can go up from there.
As a single male you can retire on 500k. That's 50k a year in nominal gains, and (conservatively) 30k in real gains. That's lower class in America, but it goes a lot further in other countries.For half of that, you could live like a king in Eastern Poorope or a very decent life in Spain/Poortugal/Asia.Would you be better off if you kept working? Fuck yes. Do you really have to work? No, not if you don't want to.This means that you should take more risks in terms of starting businesses, finding jobs that you enjoy, moving to new places, etc.Working a job is selling your time, and that always needs to be a calculated decision.
>>59618050>>59618057>>59618978Based. Also, fuck (((high yield savings accounts))).t. 1.5M networth poorfag
>>59619154High yield savings accounts are great. That's where you should be parking your emergency fund and any savings you plan to spend soon.Please don't leave your shit in a regular checking account.
>>59619162Fair enough. I prefer to just invest everything because I have insane risk tolerance ar this point.
