this just pays me like $8.7k/month without doing anything. am i being stupid by not buying an index fund like VTI instead? i just feel like everything is so inflated and about to crash soon.

would you feel comfortable quitting your job in my shoes? im still waging because idk if its enough for a whole family assuming 2+ kids

buy btc and turn it into 5

>>60559462 (OP)
>am i being stupid by not buying an index fund like VTI instead?
Yeah, hindsight is 20/20 and we don't know what the future holds, maybe you'll look like a genius, but I'd be afraid of the market running away from me. You're slowly getting rekt by inflation/currency devaluation with the kind of returns you're getting with that portfolio.
Look at what other boomers have in their retirement portfolios, these days it's not uncommon to do 80% equities 20% bonds.
I've started to hear some discussion of 100% equities the last few years because the returns are just that much better and bonds will be a drag on the long term, even if they make drawdowns more comfortable.
>would you feel comfortable quitting your job in my shoes? im still waging because idk if its enough for a whole family assuming 2+ kids
What are your monthly expenses including depreciation?
If your spend is under 6k/mo you're fine to quit IMO
If your spending is around 8k/mo then I'd hold off for a few years and keep working, letting your portfolio grow for more security and so you can give your kids a better start.

Also worth considering just taking a few years off to spend the most time with your kids as they grow up, you'll never get that time back, and you have the net worth to do it. Might even save a small fortune in daycare costs if they're young.

>>60559462 (OP)
>am i being stupid by not buying an index fund like VTI instead?

Make yourself a nice little portfolio of covered call funds on high growth momentum names, pick up HOOY, NVDY, PLTY, and MSTY. The distributions are taxed same as income so you will need to put away 30-35% for taxes (you can store that in your shitty money market fund), 45-50% for reinvestment, take 20% of the distribution to live on which for a equal weighted $2.5m portfolio of those 4 tickers would have been ~$31,375 for June after taxes and reinvestment.

Those funds typically pay out between 5-12% per month so after taxes and reinvestment you would be looking at pocketing between $25,000 - $60,000 per month, with decent growth built in. You would have to manage your portfolio and swap out funds every few years to make sure you are staying in hot momentum names, those are the best option funds to be in.

Probably too complicated for somebody dicking around making $10k per month in a money market, wondering if he should still be a wagie though.

I think it depends if your wife works and you get insurance through her. if not, paying for a family’s insurance yourself can be really expensive. I’d look up what the prices are on the exchange.

>>60559523
I have been sidelined as fuck by turboautists like david levenson. Fucking retarded aspie.

>>60559462 (OP)
Is $9k a month really not enough in America?

>>60559462 (OP)
this mutual fund is basically equivalent to cash earning interest, putting it in something like SCHD would earn similar dividends with exposure to market growth, VTI would be good too if you're focused on growth and not divvies necessarily. how did you make it to 2.5M without knowing any of this? don't quit your job, in 10-20 years properly invested this will be worth way more
>>60559531
Do not do this, covered call ETFs are NOT dividends.

>>60559548
>Is $9k a month really not enough in America?
8.7k/mo is $104,400 there are 7 tax brackets in the United States, that is barely out of the poverty bracket and into the 22% poor fag bracket.

$104,400 - 22% = $81,432
$81,432 / 26 = $3,132 bi weekly wagecuck check

Fuck no that is not enough to raise a family and live with any sort of comfort in the USA. $6k per month after tax is poor fag shit. Especially when you have to factor in family health insurance, mortgage, car payments, food for 4 people. That $6k goes away quick.

>>60559549
>Do not do this, covered call ETFs are NOT dividends
Shut the fuck up retard, and learn to read. Broke retard thinks he is going to do something working for 50yrs putting his entire savings into SCHD, and then living on Social Security Medicare and SCHD dividends..... what a fucking cucked existence.

I hope your Medicare accepting Doctor gasses you the first chance he gets.

>>60559462 (OP)
you were dumb long before the account got to 2.5 mil, but youre a drooling screeching crippled retard for not investing it all in april

>>60559580
kys covered call etf shill, your funds are shit and you know it. show me a 10-20 year covered call etf with positive returns. i don't invest only in schd but if I had 2.5M the majority would be in it, you've already made it at that point.

>>60559601
You call ME a shill, when your advice is "SCHD dood"?!?! LMAO you are a broke, and stupid, low IQ retard.

>show me a 10-20 year covered call etf with positive return
It just became legal to to have single issue option funds in late 2022, the oldest ones around currently were mostly established in 2023. There are plenty of them that have made fantastic market beating returns. Did I recommend he get into a broad index based option writing fund? No, I gave the OP very specific instructions, I know you have 3rd grade reading comprehension; but go read what I wrote again you dumb niglet. The oldest one I recommended to OP (NVDY) has been around since spring 2023 and has already returned over 200%.

You seemed to have an extremely difficult time reading and comprehending what I told OP to do. You are a financially ignorant retard, nobody needs advice to go buy MUH SCHD.

Holy shit poorfags are insufferable, just sit there and stay poor, and STFU. Stop giving advice if you arent going to come up with anything interesting, or innovative to OPs issue. You clearly dont invest, and you are clearly poor; work on your reading comprehension and then go get gassed by your Medicare accepting Doctor while you live on SSI and SCHD dividends.

>>60559634
>DOOOD just buy these new hype etf's that are tax inefficient and need managing, don't buy the tried and true methods of broad index funds dooood
also obviously OP needs this advice since he's sitting in fucking cash asking if he should buy VTI. post port of outperforming covered call etfs, go ahead.
also, projecting much?

>>60559655
>tax inefficient
MUH tax efficiency, the distributions are taxed as short term cap gains aka income. Who cares what the tax rate is, its about the TOTAL RETURN.

You dont get a special good boy "tax efficiency" prize for living in poverty to stay on SSI, get subsidized Obamacare, and be taxed at 15%. This is call being a poor retard. OP has enough capital to invest to not be poor, he doesnt need to be tax efficient retard, that is something that only poorfags that want to collect SSI and get free Obamacare need to worry about, not everybody is poor like you retard.

>need managing
Yeah logging into your broker once every 2 years and clicking a few buttons to sell your old funds and get into newer momentum funds. Yes this level of portfolio management is probably impossible for OP.

Not everybody is retarded like you, there are in fact people that can google what the top momentum names are and see if a covered call fund exists for any of them, and then research from there.

Dude you have been so thoroughly BTFO right now, I bet you felt really special when you (You) me about "THOSE ARENT DIVIDENDS!!!!", and recommended SCHD. Holy shit my brother in Christ, the absolute state of you rn ..... cooked.

>>60559684
post port. i've seen your posts for a while always recommending these shitty covered call etfs, you're obviously a paid shill.
>DOOOD just buy these funds that will give you INCOME doood, nevermind if the underlying will eventually crash because nobody is buying your covered calls and the premiums are dying.
>doood don't buy quality companies that continuously grow and pay more divvies

>>60559462 (OP)
And how did you get 2.5 mil at age 29? maybe perhaps you're a fucking LIAR?

>>60559703
I would also like to know how one saves $200k+ per year from age 18

>>60559703
you think it's just some kind of made up demoralization thread? on 4chan?

>>60559655
>post port of outperforming covered call etfs
The underlying outperforms in every case

>>60559462 (OP)
>im still waging because idk if its enough for a whole family assuming 2+ kids
$4k per month would be fine in most of the US

if you happen to live in SoCal, NYcity, or Aspen then you might need $9k per month to raise a family but even then I doubt it.

>>60559462 (OP)
>2.5m in mutual fund
>this just pays me like $8.7k/month
wtf? is this after taxes? can't you get like 5% a year from a savings account? that'd be 125k/yr, 20k/yr more than that

>>60559462 (OP)
If I had that kind of money I'd buy gold desu, I think a huge crash is long overdue.

Millionaires don’t post on /biz/

>>60559988
no, interest rates fell a little. the mutual fund he is in is essentially cash.
>https://investor.vanguard.com/investment-products/mutual-funds/profile/vusxx

>>60559894
/biz/ is a demoralizing psyop where as /pol/ is a fed entrapment psyop . The rest of 4chan are pedos, trannies, Satanists trying to damn others, and bots

>>60560002
Almost 20% of americans are now millionaires

I guarantee millionaires post here.

How the fuck is there so many multi-millionaire people in their 20s on here, even without crypto.

>>60560021
>don't move out of your parent's house
>earn an average wage for 25 years
>invest in basically anything
>walla you're a multimillionaire in your 40's living with your parents posting on 4chan

>>60560041
They’re in their 20s though, if they went to university and did some Masters or PhD it means they’ve only been working for max 5-10 years

In 5-10 years they some how accumulate more wealth than old people have while still being in their 20s

OP didn’t even do it with crypto so I don’t want to hear that excuse of just being lucky with crypto

Surely this is kids getting their trust funds paid out to them in their 20s by their well off parents, right?

>>60560053
29 is barely in his 20's, that's a technical 30.

I don't know OP's situation but I made my first million in less than five minutes by signing a contract to deliver some goods and services for an agreed upon price that was more than one million.

I was in my 30's when I did that, but I've done it several more times since then. There's lots of ways to make a lot of money fast. Getting a trust fund isn't the only way.

>>60560059
> I don't know OP's situation but I made my first million in less than five minutes by signing a contract to deliver some goods and services for an agreed upon price that was more than one million

That was a million dollars profit? Or 1 million contract? How much was net profit? Taxes?

OP has 2.9 million after taxes at 29 sitting in an investment account


That means he earned like 5-6 million dollars before taxes by 29

>>60560067
A million gross is a million dollar asset on the books. The delivery is a different set of books. Both are separately insured. So as soon as I closed a million dollar sale I was instantly a millionaire. My worth went down as I delivered. But at that point I was closing a contract like that at least once a year, so I've been a millionaire ever since.

>That means he earned like 5-6 million dollars before taxes by 29
earned income doesn't make you rich, half goes to taxes
investing likewise doesn't make you rich, the margins are too slim

people get rich off equity usually. Growing a business is the easiest way to make millions without giving half to the IRS. Or any.

>>60559523
yeah... i may end up just going into equities 100%. I just hate the feeling of buying VTI above $300 with everyone going on right now.
>>60559703
>>60559893
i didnt save 200k per year, i used my entire savings including an early withdrawal on my 401k to trade around 1.5yrs ago and quit while i was ahead.

>>60560021
>live in your parents house
>parents die
>sell house

or
>be indian
>scam westerners