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.
>>62686157its relevant if i'm going to be spending the rest of my life competing against those women for housing and living costs and want to attract one to have children with. even if i go abroad to the 2nd world to find a wife and bring her back, she'll see the spoiled women around me making twice what i make and decide that she would rather be an independent whore than a decent house wife.
>>62685933To keep investing and reach a point where I continuously have the means to help those I know and meet. Easy for me to say since investing has been very kind to me so far, basically no stress. Supposedly I'm sitting on a few 10x and one or two 100x but circumstances can always change, but some would say that just means gaining more at a discount.
>>62686148>then whats all this 7%HYSAs don't get you 7% though, at the moment they're getting you 4%-4.5%, so if you want to reinvest 3%-3.5% to keep up with inflation you're only gonna get 1%-1.5% out of a HYSA, and hope to hell that there's never a divergence between what your HYSA pays in interest vs the inflation rate. For certain you won't even be able to afford cat food.>>62686181The problem is you are trying to get significant income without the corresponding risk, and that isn't going to happen. If you want to clear 4% per year, inflation adjusted, then you're going to have to accept the higher risk that comes with stocks. Or stick with the 1% inflation adjusted that you can get with your HYSA, and accept the risk that inflation will eventually kill your funds because you're a dumbass that can't compare different types of risk.
>>62686193>they're getting you 4%-4.5%even then, $200k guaranteed sounds a bit nicer than trusting that the next president doesn't kill the stock market on purpose. i recognize the possibility for hyperinflation but if that happens there's going to be other government programs put in place to make sure people don't start starving and rebelling. I have this sinking feeling that the second i invest my crypto profits in the real world, the real world is going to explode.
>>62686081It's $200k today, minus taxes etc. What happens after 30 years of inflation? Do you still have the equivalent of today's $200k buying power having forgone any growth of the 5million in exchange for income?
Financial goal:Bet 5% of portfolio on black (odds of winning 40% but edge is 1.5x). Repeat 100x.Retire in 5 years. Dont even know if I would enjoy being retired, would probably volunteer just to keep busy.
