Thread 60588591

Can a 37 year old with 750k invested in ETFs + crypto stop working and just coast?

>>60588591 (OP)
In southeast asia yeah probably

Yes. Put 100k into MSTY and live off the yield during crab market

>>60588598
> 4k a month over inflation
How much do you Americans actually eat?

>girl boss
kek
These are the same foids who keep turning back repeatedly in obvious fear and discomfort as you casually walk behind them. They are weaker than wet paper bags.

>>60588591 (OP)
I'm fine with all of that, except...

FREAKING
FUCKING
TATOOS

>>60588598
What countries

>>60588605
Im imagining you as a 120lb French person

>>60588591 (OP)
coast means that you would work only for your basic sustenance and let the investments compound until you retire, which yes is indeed possible. in general i think you would be better off moving there for half a year and see if you like it before commiting to retiring there

>>60588612
go back

>>60588591 (OP)
Dumb pic. how are "male best friend", "Drinks & smokes" "refuses to cook" and "multiple tattoos" considered good traits?

>>60588662
>> /pol/

>>60588591 (OP)
if you put 750k in MSTY, you're good for life

>>60588612
Very based opinion

>>60588876
Mfw

>>60588591 (OP)
Depends.
1. Do you already own a house that's paid off? Do you have a mortgage - or renting?
2. Do you plan on taking care of a woman and/or kids?

If you put 500k in yield-baring crypto/ETFs/stocks and average 5%, that gives you 2k a month income. Then the other 250k can be in maybe more growth oriented assets to try to offset or beat inflation.

If you already own a house outright and do not want kids, then yes 750k will get you by with modest spending and small vacations.

If you're renting/mortgage with no kids, then maybe u could pull it off if you're frugal and manage the money well.

If you want/have kids then 750k def not enough. Probably need 1.5mill in yield baring after having a house.

>>60589226
Based. Still renting. No interest in wife or kids. Have gf, I’ll probably trade her in for a new one at same point soon.

>>60588662
cringe

>>60588876
you may have autism if you can't comprehend the satire

>>60589084
>>60589375
Plebbit

>>60589469
You may be the autistic one if you couldn’t tell he’s trolling

>>60588591 (OP)
>just coast
If you mean not working, maybe but it largely depends on your monthly costs. If you spend less than 2k/mo yes it will probably be enough to retire, but it's cutting it close and there's not much room to cut more if there's bad years in the market, which puts you at greater chance of running out of money from sequence risk
>>60588648
>coast means that you would work only for your basic sustenance and let the investments compound until you retire
Unrelated to OP, but I hear about people getting to coast FIRE and quitting their job to do part time work at a diner or some shit like that and I always wondered why.
In my experience menial low wage jobs suck the most, they're way more stressful, have less flexible hours, and pay way less. Like I remember working summer jobs with 0 experience and I'd bust my ass for a week and only get a few hundred bucks for it. Meanwhile my salary job takes some brain power, but it's way more lenient, I can WFH a few days a week, have a consistent 9-5 hours, my coworkers aren't complete drop out morons, and the pay is way better than minimum wage.
I'd much rather work an extra year or 2 doing my salary job over 5-10 years doing part time diner work. Can't understand anyone that wants to grind doing that.

>>60589587
Great points desu. I should also add I don’t work at all, current income is entirely passive which I forget changes things a bit when calculating this.

>>60589647
If your current income is already entirely passive then congrats you're already retired.

>>60589667
Based thanks bro

>>60588591 (OP)
The sad thing is your image is actually better than most women because she isn’t fat which automatically makes her more valuable than like 70% of American females

>>60588591 (OP)
If you can live withdrawing 3.33% of your current wealth per year, there is no point in history where you would have died without enough money to sustain that. Most scenarios at that spending level end up with you dying with 5x or more than you started. This assumes a portfolio following current research with 100% investment in stocks (bonds are a meme, even when you're 90 years old) and approximately a 60/40 split between US stocks and foreign stocks with a small-cap+value tilt for US residents. Non-US residents would have a similar breakdown with their home country biased a bit more, largely due to tax hurdles. Speaking of taxes, you also don't want dividend stocks outside of a tax advantaged account as they will perform worse for you after tax.

>>60589774
Kek actually great point

>>60589795
Hmmm good to know thanks man

>>60588591 (OP)
you can do that with way less

>>60589872
How much

>>60588591 (OP)
>be me
>have 300k
>50k cash
>250k crypto
>made redundant
>never look for another job
Its been a few years now, I lived tight the first few then crypto pumped, I pulled a few years living expense and now I am coasting with more crypto and cash than when I was let go. I would say do not fall for the 'you need x to retire' meme as it is dependent on your expenses, do you have family etc? As it stands would take a lot more money than what I was earning to get me back in the cage. Life is too good without it.

>>60589886
Yea pretty much the same. 30 year old went to medical school but can’t be bothered to get licensed. Have 200k liquid and every toy/ collectible i want. I just travel and party 24/7 for the last 2 years. Don’t know where to go from here. Thinking about living in a rural town and having an easy going life small town doctor from now on

>>60589795
Come to think of it, if you don't want dividends outside of a tax advantage account, then when would you ever want them? When accumulating young its better to go growth, when old and actually retiring the tax advantage goes away, right?

>>60590782
dividends are a midwit trap and should never be invested in

>>60588612
>Fine with "his girl" having no girlfriends, daddy issues and supporting men sharing the bathroom with her

>But tattoos is what makes him draw the line
This Anon aint right

>>60588612
>I'm fine with all of that
are you retarded

>>60588591 (OP)
It's so funny/sad that guys unironically try to "settle down" with women like this. I think it's mostly dudeweeds and liblite sports bros.

>>60588598
Working is better than living in SEA
You need 1 million and move to Portugal

>>60589795
Dividends are better to qualify as someone trusted for things like renting and proof of income in general than selling some etf, plus the psychological factor of not seeing share count go down and it's cool to recieve the payments, you also recieve payments based on actual revenue from the companies and not some magical number that used to be 4% but now it turns out it's "3.33%" or whatever the fuck.

>>60590881
>>60591501

>>60588591 (OP)
Hang in there a bit so you could reach lower middle class level

>>60592808
is this before or after taxes

>>60588591 (OP)
NO

but -- you can probably ease up some. the key is to not touch your principal and let proceeds compound

Buy 10,000 shares of Dynex (DX) next time it drops below $12.50/share. This will get you $1700/month in dividends. Roll them over into more shares and you should start compounding ~1.4% monthly which is more than 18% annually. Don't touch it. it should double in 4 years. Stick with it. It should double again in 4 more years. Stick it out once more, by the time you are 50, this $125,000 should be $1,000,000.

That leaves your other $625k to invest however you feel most comfortable.

The issue here, of course, is that while $750,000 is a good nest egg, as you start chipping away at it, you lose the benefit of coumpounding. Meanwhile, inflation is always compounding. Even at like 2 or 3%, everything will double in price in like 25 years (when you are still of working age). throw in a couple of 4-7% years and you get fucked.

Your nest egg is big enough to compound nicely until you are mid50s or preferably older, but you probably need to pay your current existence out of earnings for at least a few more years.

>>60588591 (OP)
These type of women submit to a good dick while getting choked. You have to be 6'3" and fit, rich and not out up with her shit

>>60588605
Americans get rinsed by kikes just for existing
>property tax
>health insurance (can be 1k/month)
>car insurance (much higher than rest of the world)
>for the same grocery bill they get goyslop and frozen slop, they can't afford natural food
>have to drive 2 hours to get anywhere, negating gas discounts.

750k is easily enough to retire anywhere outside of north america.

>>60595754
i feel very fortunate im a disabled veteran so I get $4k a month, do not pay property taxes and since I was retired I get Tricare private insurance for life instead of shitty VA care as well. I dumped Veteran grants in college into crypto in college so I just need around 1 million and should be able to float a comfy retirement close to upper middle class / made it in this chart >>60592808

>>60595754
Boohoo but your drivers loisence doesnt cost 2k like in europe.

>>60589883
200k

>>60595890
Anon I'm trying to claim PTSD from some of my scars in the army. Any tips on what to say? Already did my intent to file

>>60592808
I want to live in rural Scotland and raise 2/3 children with my wife. I have $2.5M. Possible?

>>60597100
I think I lurked in your thread in the past - it is hard in your particular situation without mentions in your record but possible. You need to be going to see your VA provider right now and build evidence about it. Make appointments to go see them, make appointments to go to mental health you really need to make time for it and if you can see a VA mental health person it's even better because it will go straight into your med record which you can download and audit yourself. If you get a community care referral you will have to request the documentation from that particular provider which is just another headache. Do a FOIA of your record and send messages to your care team through the Patient Portal when you are having mental health problems because all of your messages within the portal go into your record also. Build evidence like you're going to fight a legal battle because you essentially are at the end of the day when making a claim. You can do it just really get hardcore about it. I even told them I didn't have tinnitus when I ETS'd but low and behold I was awarded tinnitus a few years ago after multiple denials because I kept at it.

>>60589587
The primary problems with most low wage work all come from being poor, from being dependent every single day on the job, and getting treated like shit as a consequence.

>>60588598
Fpbp.
Choose, OP. Third world country or asian, shemale-dominant country, you can't have both. Third world countries aren't that bad by the way, El Salvador sounds relatively safe and Colombia has very fine, mentally unwell latina women with very, very big asses. Once I retire with my ket and pepe bags (which I will!) I plan on going there. I don't know if the cocaine business is as advertised by Hollywood where you can find a plug with ease or not but that'd be the cherry on top, not a major factor.
>>60588605
>>60595754
Yeah americans are paypigs allowed to exist exclusively to extract wealth from, both legally and ilegally. They are obedient, poorly educated and all of them have inflated egos, as well as at least one mental illness related to anxiety disorder and/or ADHD, meaning poor attention span, meaning easier access to their wealth.

>>60599401
2.5M? wtf dude you already made it.
>>60588591 (OP)
sure, you will live very modestly and only for yourself. but yeah just buy some dividend stocks and live off those monthly payouts with 250k initial.

>>60588591 (OP)
I really wonder if op pic is sarcastic or not