What's your financial goal, anons? For me it's to hit $3M and a paid off home.
>>62685933That’s a pretty good goal anon. 100k spend/year and no mortgage payment isn’t bad
>>62685933~$1m in home equity$5m in a high yield savings around so i can pull out $200k a year~$100k car~$400k left over to day trade with, if i lose it all i still have the income to live off of
>>62685943yeah only issue is I need like a 12x to hit my goal, so might be a very long time. Also considering no home and just 500k with geo-arbitrage if I were to lose my wfh job
>>62685933Yes that sounds about right. But HOW??
>>62685949Keeping 5 mil in fiat and nothing else invested isn’t a very good long term move. Inflation is going to destroy that
>>62685976so wheres a good place to put 5 million dollars to ensure a solid yearly income? I don't trust stocks right now.
>>62685994just put 2 years of yearly expenses in a HYSA, the rest in global index funds
>>62685949>5m in a high yield savings around so i can pull out $200k a yearbro is retarded lol
>>62685994SGOV+TLT => wait for the crash => UPRO => VOO and chill until 2034 then reassess
$40 billion usd
>>626860395m at 4% is $200k, what am i missing
>>62685949>$5m in a high yield savingsisn't gonna get you anywhere near $200k/yr>>62685994$5m in the SCHD ETF will get you about $150k/yr in dividend income that has historically tended to increase faster than inflation, plus it usually has some stock appreciation that can be a nice bonus. Also dividends are taxed at capital gains rates which are much lower than income tax rates - 0% up to 98k/yr, then 15% up to around $600k/yr. Interest payments from bonds or HYSA are taxed as ordinary income using the much less favorable income tax brackets.
>>62686081variable rates
>>62686081and income taxes. Interest payments are classified as ordinary income, so you get to pay all applicable federal and state income taxes on that, using the income tax brackets.
>>62686102>isn't gonna get you anywhere near $200k/yrthen whats all this 7% minus 3% to reinvest to keep up with inflation nonsense i keep reading?>SCHD ETFjfc $150k is fucking nothing, thats peasant tier, HR stacies are making 300k throwing resumes in the trash all day. you're telling me $5 million dollars in an asset that can drop by 50% at any time due to global politics is barely enough to live in a fucking condo?
>>62685933Bringing us to post scarcity so that all brahmin jeet CEOs get an existential crisis when hierarchies become senseless.
>>62686148>HR stacies are making 300kAre you a Stacy working in HR? No? Then what HR Stacies make is completely fucking irrelevant to the conversation.
