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Post by MoBuckChaser on Jun 7, 2017 5:15:50 GMT -6
I have not had enough time yesterday to put out enough info on what little I posted in this thread. So here goes! Number one thing is I am very diversified in everything I have done in my life. From work, to buying, building houses, and selling everything under the sun from farm equipment to seed and chemicals, land as well. And I have been in the stock market since the dow was less than 2,000. I was young then, and was making good money that I could gamble with, so in the stock market it went since at the time, there was no other legal gambling located in MN. If i would have listened to a so called financial planer, or Advisor's advice on a balanced portfolio of slow growth, I would have left hundreds of thousands of dollars on the table. May be fine for some people, not me. I have taken good calculated risks in everything I do, stock market as well, (Post drug days that is), and I have been very good at creating my own luck or fortune!
I can guarantee you, after just going through a divorce, his age, and unless Brad has a $200,000 a year job right now, A diversified portfolio in the stock market ain't going to get him to early retirement living off interest. Unless he can dump $75,000 a year into his account, or Brad marries some old rich cunt, your guys retire plan won't get him there.
With current "ACTUAL" Inflation of 10%, all the fees and taxes that come with funds or stocks with a balanced market portfolio, he will go backwards. Unless Brad wants to live hermit style, He needs to start hitting home runs on everything he does for the next 20 years financially. Needs to take some chances, or calculated risks. Just the real way it is boys! No one is telling me any different.
Or prove me wrong all you financial planners. I would love to see the amount of money he would have to invest in the stock market, getting a 5% return after taxes and fees, from a balanced portfolio, all in the short period of time he has to get to early retirement he ask for in the original post.
Show me!
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Post by Sandbur on Jun 7, 2017 6:06:50 GMT -6
For me and most people I know,early retirement just has not worked out as we had hoped. Why? Health Care Insurance costs.
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Post by leexrayshady on Jun 7, 2017 6:13:31 GMT -6
For me and most people I know,early retirement just has not worked out as we had hoped. Why? Health Care Insurance costs. Yep that is why Health Savings accounts are such a beautiful thing for people in their 20's and 30's. My HSA will be paying my insurance when I decide to retire early
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Post by Sandbur on Jun 7, 2017 6:16:39 GMT -6
I just can not get my HSA that big with the years I have left and what we are spending now for HC. Too much goes out of the HSA for what is no longer covered under the current plan.
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Post by badbrad on Jun 7, 2017 6:40:04 GMT -6
I have not had enough time yesterday to put out enough info on what little I posted in this thread. So here goes! Number one thing is I am very diversified in everything I have done in my life. From work, to buying, building houses, and selling everything under the sun from farm equipment to seed and chemicals, land as well. And I have been in the stock market since the dow was less than 2,000. I was young then, and was making good money that I could gamble with, so in the stock market it went since at the time, there was no other legal gambling located in MN. If i would have listened to a so called financial planer, or Advisor's advice on a balanced portfolio of slow growth, I would have left hundreds of thousands of dollars on the table. May be fine for some people, not me. I have taken good calculated risks in everything I do, stock market as well, (Post drug days that is), and I have been very good at creating my own luck or fortune! I can guarantee you, after just going through a divorce, his age, and unless Brad has a $200,000 a year job right now, A diversified portfolio in the stock market ain't going to get him to early retirement living off interest. Unless he can dump $75,000 a year into his account, or Brad marries some old rich cunt, your guys retire plan won't get him there. With current "ACTUAL" Inflation of 10%, all the fees and taxes that come with funds or stocks with a balanced market portfolio, he will go backwards. Unless Brad wants to live hermit style, He needs to start hitting home runs on everything he does for the next 20 years financially. Needs to take some chances, or calculated risks. Just the real way it is boys! No one is telling me any different. Or prove me wrong all you financial planners. I would love to see the amount of money he would have to invest in the stock market, getting a 5% return after taxes and fees, from a balanced portfolio, all in the short period of time he has to get to early retirement he ask for in the original post. Show me! Sent you a PM
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Post by Foggy on Jun 7, 2017 6:52:09 GMT -6
I have not had enough time yesterday to put out enough info on what little I posted in this thread. So here goes! Number one thing is I am very diversified in everything I have done in my life. From work, to buying, building houses, and selling everything under the sun from farm equipment to seed and chemicals, land as well. And I have been in the stock market since the dow was less than 2,000. I was young then, and was making good money that I could gamble with, so in the stock market it went since at the time, there was no other legal gambling located in MN. If i would have listened to a so called financial planer, or Advisor's advice on a balanced portfolio of slow growth, I would have left hundreds of thousands of dollars on the table. May be fine for some people, not me. I have taken good calculated risks in everything I do, stock market as well, (Post drug days that is), and I have been very good at creating my own luck or fortune! I can guarantee you, after just going through a divorce, his age, and unless Brad has a $200,000 a year job right now, A diversified portfolio in the stock market ain't going to get him to early retirement living off interest. Unless he can dump $75,000 a year into his account, or Brad marries some old rich cunt, your guys retire plan won't get him there. With current "ACTUAL" Inflation of 10%, all the fees and taxes that come with funds or stocks with a balanced market portfolio, he will go backwards. Unless Brad wants to live hermit style, He needs to start hitting home runs on everything he does for the next 20 years financially. Needs to take some chances, or calculated risks. Just the real way it is boys! No one is telling me any different. Or prove me wrong all you financial planners. I would love to see the amount of money he would have to invest in the stock market, getting a 5% return after taxes and fees, from a balanced portfolio, all in the short period of time he has to get to early retirement he ask for in the original post. Show me! ^ I think you are mostly right here MO. There are folks that can save enough and invest into their retirement accounts, but many will come up short without having either a super high income, or taking some risk in investments such as real estate, etc. A small biz will often get the job done for many people.....and that was my bit hit and allowed retirement. You have made great points.
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Post by mnfish on Jun 7, 2017 7:24:19 GMT -6
Boy is there a ton of real life experience showing thru on this thread! Awesome
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Post by MoBuckChaser on Jun 7, 2017 7:52:00 GMT -6
For me and most people I know,early retirement just has not worked out as we had hoped. Why? Health Care Insurance costs. Health Care costs, vehicle costs including fuel tires and repairs, other insurance costs, property taxes, income taxes, house costs including electric and heat phone cable tv beer food more beer and repairs. We could go on and on. Everything real people use has been inflating at a rate of 10% a year. In 20 years you may need a $100,000 a year just to survive! Its not realistic for most people to think they are going to retire and live off interest in 20 years. So no reason for me to sugar coat it! No financial planner is going to get anyone to where they need to be in a short time span of 20 years.
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Post by Foggy on Jun 7, 2017 10:49:37 GMT -6
I will say Foggy knows what he's talking about. I would encourage everyone to look at findyourindependentadvisor.com Great educational material on the differences between brokers and independent advisors and how they each get paid. There is also an advisor directory you can search by zip code. Another good one is napfa.org Foggy also mentioned Fee Only in an earlier post...they don't get paid to sell anything/product. Same side of the table as you. ^ I got you fooled. If you can't beat 'em with performance....then baffle 'em with bullshit. During the 80's and 90's it was quite easy to increase your wealth. Just buy a top performing, no-load mutual fund that invested in growth stocks or in the S&P 500 Index and sit back and watch. OR - better yet if you were smart enough to buy an emerging markets fund. YOWSER! - fun. Lots of us got 12 to 15% compounded growth over a long period of time. Then the dot-com bust of 2000, and the meltdown of the 2008 era and its' been difficult to get that kind of performance since then. MOST investors are lucky to get 4 to 6% returns over the past decade or two....but some guys do it. HUGE difference in compounding 12% year over year....vs 5% y.o.y. Huge. Also, the Muni Bond market used to provide some pretty good tax-free earnings - to enable the "safe-side" of your investments to provide some level of return. Not so any longer. It's really hard to find good income producing investments these days.....especially risk-free income investments. Pretty hard times for many. The thing is......sometimes you may need to wait a decade or two for all the stars to line up. If your not "in the market" when a big move comes....you can end up chasing some returns and get burned. (it's called "whip-sawed" - don't ask me how I know ) BUT - the same can be said for lots of business ventures - if you aint in the game you cannot participate in the rewards. As MO points out - the best rates of returns come from private investments and from small business that succeed. Real estate has proven to be a prime provider for many. One way or the other.....you also need to manage some financial assets at some point in your life....especially as you get older and don't want to (or cannot) work any more. Pick your "games" wisely. I have become "comfortable" with holding stocks and bonds and other financial investments. But they are not necessarily the fastest horse on the track every day.
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Post by Bwoods11 on Jun 7, 2017 10:54:12 GMT -6
For me and most people I know,early retirement just has not worked out as we had hoped. Why? Health Care Insurance costs. Health Care costs, vehicle costs including fuel tires and repairs, other insurance costs, property taxes, income taxes, house costs including electric and heat phone cable tv beer food more beer and repairs. We could go on and on. Everything real people use has been inflating at a rate of 10% a year. In 20 years you may need a $100,000 a year just to survive! Its not realistic for most people to think they are going to retire and live off interest in 20 years. So no reason for me to sugar coat it! No financial planner is going to get anyone to where they need to be in a short time span of 20 years. Mo--so when you were talking double digit inflation were you talking Obamacare, and beer!!
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Post by sd51555 on Jun 7, 2017 11:39:44 GMT -6
Baby steps and diversification mitigated the impacts of this turd sandwich today. I did however up my position by a third at this price.
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Post by MoBuckChaser on Jun 7, 2017 18:29:58 GMT -6
Health Care costs, vehicle costs including fuel tires and repairs, other insurance costs, property taxes, income taxes, house costs including electric and heat phone cable tv beer food more beer and repairs. We could go on and on. Everything real people use has been inflating at a rate of 10% a year. In 20 years you may need a $100,000 a year just to survive! Its not realistic for most people to think they are going to retire and live off interest in 20 years. So no reason for me to sugar coat it! No financial planner is going to get anyone to where they need to be in a short time span of 20 years. Mo--so when you were talking double digit inflation were you talking Obamacare, and beer!! Beer? Hell Ya! Fucking shit used to be .25 a bottle, Now a case of good beer cost $24 fucking dollars! Its fucking insane!
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Post by Foggy on Jun 7, 2017 19:20:11 GMT -6
Mo--so when you were talking double digit inflation were you talking Obamacare, and beer!! Beer? Hell Ya! Fucking shit used to be .25 a bottle, Now a case of good beer cost $24 fucking dollars! Its fucking insane! When I was a kid.....we would buy two cases of BUBS for $5. (10 cents a bottle if you do the math) Also could buy Red, White and Blue and Cold Spring for the same price or a few other brands I do not remember. The better stuff (like Grain Belt Premium) was like $7 a case.....or some of the brands like Schmidt and Hamms were about $6 per case........and you had to be "flush" to buy that kinda price. The best beer was at a Kegger.....where we would each throw in a buck or two for an all-you-can drink evening of fun and games. I think those days are long gone now. - tis a shame....when I think about it. We had allot of fun at those keggers.
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Post by MoBuckChaser on Jun 7, 2017 19:41:32 GMT -6
When I was a kid, I was in and out of jail.
For stealing beer.....
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Post by Sandbur on Jun 8, 2017 6:27:30 GMT -6
Beer? Hell Ya! Fucking shit used to be .25 a bottle, Now a case of good beer cost $24 fucking dollars! Its fucking insane! When I was a kid.....we would buy two cases of BUBS for $5. (10 cents a bottle if you do the math) Also could buy Red, White and Blue and Cold Spring for the same price or a few other brands I do not remember. The better stuff (like Grain Belt Premium) was like $7 a case.....or some of the brands like Schmidt and Hamms were about $6 per case........and you had to be "flush" to buy that kinda price. The best beer was at a Kegger.....where we would each throw in a buck or two for an all-you-can drink evening of fun and games. I think those days are long gone now. - tis a shame....when I think about it. We had allot of fun at those keggers. I remember a discussion about which was cheaper in those days. Beer or milk. I felt I won when we got down to Fox Deluxe and the Cold Spring beers and one of the New Ulm beers. Many don't consider those beers. It seems like Hauenstein and Steinhaus entered the discussion. Fox Deluxe was probably the worst.
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