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Post by MoBuckChaser on Jun 8, 2017 6:32:15 GMT -6
I am still waiting for one of you financial advisors to show me a balanced portfolio of 20 years that a guy can live off the interest when done.
Anybody?
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Post by Foggy on Jun 8, 2017 6:41:26 GMT -6
^ I can show you.....but not on the net.
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Post by biglakebass on Jun 8, 2017 7:56:37 GMT -6
I am still waiting for one of you financial advisors to show me a balanced portfolio of 20 years that a guy can live off the interest when done. Anybody? I pay my financial advisor for that stuff.
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Post by buckvelvet on Jun 8, 2017 8:29:27 GMT -6
Well we can't take it with us when we die anyways, so you mine as well live your life the best you can, and show the ones around you, you actually care.
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Post by MoBuckChaser on Jun 8, 2017 8:49:53 GMT -6
That's what I figured...... Notta
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Post by Foggy on Jun 8, 2017 9:26:58 GMT -6
That's what I figured...... Notta The widely accepted way you do this....is to amass enough money to invest in a mix of stocks, bonds, and some special class of investments (for a bit more "pop"). Some of your special class of investments could be your real estate income properties or things like MLP's or private investments, etc. It's best you have enough money to allow yourself to have as much as 30 to 40% in bonds at retirement.....in order that you can survive some of the swings in the markets without getting panicked (if and when a big event like 2000 or 2008 comes along). It's kinda like the old adage: "Keep some powder dry". So, with you now adding up all your financial assets......take 4% (maybe 5% if your a bit more needy) of the amount you have and divide that number by twelve. Then have your advisor send you a check for that amount each month. Hopefully your advisor can earn you 7 to 10% (or more) on your assets, so that you can outperform a reasonable level of inflation. Heres the math: 2.5 x 4% = $100,000 divided by 12 = $8300 / month. Your income will vary somewhat each month.....so keep a bank reserve to even the cash flow if that is an issue for you. In order to have an annual income of $100,000 you will need $2,500,000 in financial assets. With this scenario you will likely die with more money than you started and can give it to your kids. You can increase your monthly income.....but you may do so at the risk of running out of money. ^ Is this what your looking for? .....or do you want to see the mix of stocks and bonds and such to get more clarity???
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Post by Reagan on Jun 8, 2017 11:43:22 GMT -6
I am still waiting for one of you financial advisors to show me a balanced portfolio of 20 years that a guy can live off the interest when done. Anybody? I'm not sure which you are asking for. Are you saying a portfolio to live on for 20 years after retiring? Or Are you saying how to invest for for 20 years (age 45-65) and have enough to live on? If it's the second one, i don't think 20 years is enough. People should start saving and investing in their twenties so they have 40 years to grow it. All of my stock market money is IRA or 401K. I've received a company match when putting money in. Add that to market growth and I think I'm doing OK. Fifty cents on the dollar match is a damn good return. But for cash that I am saving up outside of retirement funds, I'm going the way of MoBuck. Buy shit low that I can sell for more whether that is a land or a 4 wheeler.
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Post by MoBuckChaser on Jun 8, 2017 11:55:30 GMT -6
If a guy is 35 years old, wants to retire early at 55, with a average job, how do you get him there to live off the interest of his money invested in a so called balanced portfolio in the stock market. I say it cant be done without taking some high risks. Or as Foggy said, invest gobs of money. But most guys with a average job, have little to no gobs of money to invest.....so some one show me how a balanced portfolio works?
I say it cant!
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Post by badbrad on Jun 8, 2017 12:20:37 GMT -6
If a guy is 35 years old, wants to retire early at 55, with a average job, how do you get him there to live off the interest of his money invested in a so called balanced portfolio in the stock market. I say it cant be done without taking some high risks. Or as Foggy said, invest gobs of money. But most guys with a average job, have little to no gobs of money to invest.....so some one show me how a balanced portfolio works? I say it cant!
I don't think anyone will argue that. You either have to start real early or put a shit ton in at a time fairly early. There is no other way. It takes a lot of year to make that compound interest and reinvest the earnings to get there.
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Post by sd51555 on Jun 8, 2017 12:33:37 GMT -6
You gotta know what u need first. What I need to retire early is far different than someone with a wife and kids or alimony and child support needs. Are u tethered to a McMansion that is strangling you? Have a $50k vehicle with no equity (like me foolish me).
I thought I had my budget flushed clean 6 months ago, and I've still got work to do to get rid of complete waste without giving up an ounce of lifestyle.
Stocks aren't a pathway to quick wealth. They can produce huge wealth, but it takes 30 years. Most of that wealth is created in the last few years. Somebody that took 30 years to reach $800,000 by June of 2016, probably jumped to a million in the last year given the run. But those years don't happen until you get the first 29 years done.
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Post by biglakebass on Jun 8, 2017 12:44:12 GMT -6
I am at year 27 of funding retirement. Started contributing on my first job at 21. Thank god i did.
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Post by Bwoods11 on Jun 8, 2017 13:30:50 GMT -6
I am at year 27 of funding retirement. Started contributing on my first job at 21. Thank god i did. That is great. I am in about the same boat, I started at 22 I think. I was pretty poor until I started my own business, and bought some farms...doing better now, but college education is kicking our ass right now...8-$10,000 a year in tuition/rent and expenses now for 6 years straight, with another 7 or 8 to go.
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Post by daydreamer on Jun 8, 2017 13:44:12 GMT -6
I am at year 27 of funding retirement. Started contributing on my first job at 21. Thank god i did. That is great. I am in about the same boat, I started at 22 I think. I was pretty poor until I started my own business, and bought some farms...doing better now, but college education is kicking our ass right now...8-$10,000 a year in tuition/rent and expenses now for 6 years straight, with another 7 or 8 to go. Every time I think I'm doing pretty good I remember college education will be coming down the pipe in 10 years and lasting roughly for 10 years straight based on my three kiddos...I started at age 22 as well and thank god I did!
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Post by badbrad on Jun 8, 2017 13:47:48 GMT -6
I'm just gonna milk the cow off all of you fuckers and go on welfare at 50. Have fun working bitches.
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Post by MoBuckChaser on Jun 8, 2017 13:59:49 GMT -6
Fuck college!
I tell every kid that works for me college is a waste of time and money. Here is my reason why: Kid A, goes to work construction right out of high school, makes $70K in 9 months. Kid B goes to college spending $30K his first year. Kid B is now $100K in the hole from Kid A. Do that 5 years in a row, Kid B is now $500K in the hole to kid A!
I am Kid A!
My son was Kid B, now after 3 degree's from 5 years in college he works construction making about $80K a year, and paying off what little student loans he has. They don't tell these kids that most jobs out of college are bottom level money. Keeping them in school loan debt for years! Big Scam for most!
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