obviously it was gonna be higher, but isn't that the whole reason the market is tanking

shouldn't it be already priced in

I agree with this (srs)

If you had a net worth of $1-2M, you could always just get some stress-free job that pays $50k and still compound your net worth and never have to worry about money and still retire early. Especially if you just had some easy job working at a city government or something so you had a pension too (srs)

You can make life really easy if you have seven figures I think… just due to the compound interest being earned, you don't really have to stress yourself out everyday during your job anymore, that could make for a pretty good life depending on what you do with it. I'm personally feeling pretty burned out from my consulting gig after 5 years… I definitely wouldn't do this job if I had a couple mil to spare.

Literally exactly what im trying to do with my life. Moving my chess pieces everyday working toward this goal.

Currently have 6 rentals making passive income and around $500k total equity in them, along with ~$160k liquid in stocks making decent dividends, + decent 401k/Roth IRA i can liquidate if wanted/needed.

2 of the rentals are beach houses at 2 beaches I like, and Im also in the middle of converting a high-top Sprinter van into a tiny home on wheels. Not sure which route I want to take yet, but ill have many options. live off of rental income, sell houses, use equity and live off interest/dividends in the van or a beach house. or semi-retire, get a fun job at a beach or cruise around doing fun/different odd jobs in the van, etc. etc.

Just keep moving those chess pieces bro even if you dont know exactly what you want to do yet

Literally exactly what im trying to do with my life. Moving my chess pieces everyday working toward this goal.

Currently have 6 rentals making passive income and around $500k total equity in them, along with ~$160k liquid in stocks making decent dividends, + decent 401k/Roth IRA i can liquidate if wanted/needed.

2 of the rentals are beach houses at 2 beaches I like, and Im also in the middle of converting a high-top Sprinter van into a tiny home on wheels. Not sure which route I want to take yet, but ill have many options. live off of rental income, sell houses, use equity and live off interest/dividends in the van or a beach house. or semi-retire, get a fun job at a beach or cruise around doing fun/different odd jobs in the van, etc. etc.

Just keep moving those chess pieces bro even if you dont know exactly what you want to do yet

Just bought back in.

ATER
CURI
SKLZ
DMTK
CRWD
CELH
ADYEY
LOTZ
OPEN
IPOE
CLPT
UPST
TMDX
CPNG
TIGR
ADYEY

Well well well.

Look at all the eggs on faces in this thread.

I told you, told you all the PLTR rocket was about to take off and there you have it…

Respect brother.

Are you sure?

Seeing a few people in here who need to begin doing the exact opposite of what they're currently doing IMO


Red days are not for selling, they're for buying. Green days are when you sell

$1m net worth is doable within 10 years or so as a goal if you max out your 401k/403b and own a home and don't buy a new car, the last part is CRITICAL, DO NOT BUY A NEW CAR. all these broke peeps who whine are broke af because of auto debt. if you take out debt it better be for something that has high probability of going up in value (mortgage, boomer stocks)

for $1m net worth I think it'd be smart to have 10% liquid, 40-50% real estate the rest in stock or businesses (cash cow divy stocks are great!). if you are young go for growth.

Rental shmental. We've got retards turning $1000 into $500,000 in two weeks with ****in dog breed tokens.

mirin

6 rentals sounds pretty damn good rn

Rental shmental. We've got retards turning $1000 into $500,000 in two weeks with ****in dog breed tokens.

That's my ideal lifestyle (srs) I'd like to get into rentals too, I have the capital to add a couple duplexes or something to my portfolio, if I could find some that had positive cashflow after expenses (including property management). I'm still enjoying most of my net worth being in the stock market until I get further into real estate; my portfolio generates very little in dividends now, but it could always be re-allocated into 50% VOO 50% dividend ETF or something and that could be enough cashflow for me (sometime in the future)

Several opinions/personal points here to be made against this (as someone who already has a net worth of over one $1M)

*$50k year is barely above “isn’t chit” and I don’t know of any jobs that pay that much that aren’t very physically taxing or stress-free anyways
I could easily live off of $10-15k/year right now, I could easily find a fun, part-time job at the beach making that

*Market crashes/stays low for a long period of time = goodbye to that barely enough compounding interest you were counting on, at least for that timeframe. Hope you’re OK with drawling down that principal already at age 38 lol
this is why I have high-quality dividend stocks for income

*Inflation never stopscoming and your purchasing power never stops decreasing
stocks/dividends will mostly o up with inflation

*You may be OK with living in a van/tiny house today but 10 years from now that will not be your same idea of a acceptable lifestyle. In fact many enthusiasts quit well before 12 months
cant agrue anything about this one, probably true, thats why I will always have the option to move into one of the beach houses or rentals

*Once you’ve been out of the workforce for multiple years you will find it quite difficult to go back in at the same price point/salary you were making when you left
this one doesn't affect me. although I have 2 degrees, Ive never held a job that required a degree or paid good money. I currently work in a factory, I never made good money at a job and never will need to. I can always find a job that pays enough because I dont need a good salary.

*Renters don’t always pay their rent, gig jobs/side work is not dependable pay
agreed, but I will always have at least a few years of living expenses saved up, and im pretty good at picking good tenants. knock on wood, I've only ever missed 5 total months of rent in my 8-9 years of doing this with up to 6 rentals. The side gigs/tem work will honetly just be for fun/to pass time when retired. I wont really need the income

*Health insurance becomes more needed and more expensive as you age and all of those zero years will kick you in the balls when you go to claim Social Security (if it still exists at that time)
catastrophic health insurance with a very high deductible.. very calculated risk. im extremely healthy, and I also will easily be able to pay the $10-15k deductable/out-of-pocket maximum if some freak thing happens like cancer or appendicitis something.

I have no pension or other guaranteed trust fund/annuity/some chit like some of you may have, if I did then maybe I would have a different outlook but being that I am only surviving on the fruits of my labor I’m expecting to have a higher standard of living before I quit working thus requiring a minimum of $2.5M if not $3M. I’ve been to over a dozen foreign countries and have tried to find one I’d be willing to sell everything and move to today and I have not found it yet. I’m still searching though and if I find that perfect country I will quit my job tomorrow and move there but I am making more money per year than I ever have before so I’m going to take advantage of that as that is my greatest wealth building asset currently. GL & WAGMI

Respect brother.

Are you sure?

Is it pretty much a nobrainer to have a roth if you plan to invest $6k or more long term?

Opened a roth today and planned to max it out but then decided I would rather just have $6k in a trading account.. but then thought why wouldn't I max out the roth first before putting anything into a trading account since the gains are tax free

Pltr going on a winning streak from here I think. Mommy Cathy bought more no surprise.

Guys we gotta pivot all the way to crypto, its just plain the wave right now.

Everyone get metamask

everyone get etherium and doge

Its the only way right now.

Gotta pivot its too good.

Give stocks a break for 3 months.

Guys we gotta pivot all the way to crypto, its just plain the wave right now.

Everyone get metamask

everyone get etherium and doge

Its the only way right now.

Gotta pivot its too good.

Give stocks a break for 3 months.

Lol



$1.75 difference. We rocket ship now

I don't like her, I think she's pretty mediocore and not any better at investing than me. She's screams mask nazi/feminist so maybe that's why.

This is literally how bagholders are born.

This is literally how bagholders are born.

I don't like her, I think she's pretty mediocore and not any better at investing than me. She's screams mask nazi/feminist so maybe that's why.

i don't care if she is a feminist, tran, lesbian, drug addict, and in general a zhitty/great person… I care about return on investment and this year it has been a mess

last year most stocks did 2x at minimun… it's not like she did anything special