Non-Political Market/Economy/Finance/etc. Thread

[Pete]

I think I need double the money right now, adjusted for inflation.

So, if I earn 0.03 over inflation for 12 years then (1.03)^12 = 2.022469067498369 times my present value.

1.03^12 = 1.425760886846178945447841 times your PV. If you want need to double your money in 12 years (assuming no further contributions), you need to have a real return of roughly 6% (72/6 = 12).

Yeah, I messed that up. The spreadsheet was right by my phone was not.

3% over inflation for 12 years gets me to where I want to be if I also max out 401K over the next 12 years….then plan to take out 4% a year, leave 3 years or so in cash, and the rest in the S&P 500.  We’ll see, so much can happen to change all of this.

[catastrophe]

If you can be treated over zoom you dont need a doctor

Zoom medicine exists solely to get prescriptions for stuff that should be OTC like drops for pinkeye.

[Spracne]

If you can be treated over zoom you dont need a doctor

Zoom medicine exists solely to get prescriptions for stuff that should be OTC like drops for pinkeye.

Boner pills, depression pills, anxiety pills, hair loss pills. All kinds of stuff, and it keeps expanding every day.

[CNS]

https://finance.yahoo.com/news/soaring-number-of-americans-are-now-401k-millionaires-100001736.html

[steve dave]

Why don’t we all take the s&p strategy one step further and just put all of our money into the 10 largest companies??  We’re losing out on a lot of money.

You are now




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[wetwillie]

I looked at my 401k today and it said my portfolio was up 30% YOY, that can't be right can it?

[Spracne]

I looked at my 401k today and it said my portfolio was up 30% YOY, that can't be right can it?

The State of the Union is strong.

[steve dave]

I looked at my 401k today and it said my portfolio was up 30% YOY, that can't be right can it?

WE BACK UP


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[IPA4Me]

Back to yesterday's highs. Oh no.

[steve dave]

+303k jobs. This economy cannot be stopped. We are red hot folks.


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[Kat Kid]

85 and out (retire at 58), a Roth, and then wait on Social Security if I am lucky enough to make it to 72.

Going to have the steve dave talk with my wife.

[Kat Kid]

I looked at my 401k today and it said my portfolio was up 30% YOY, that can't be right can it?

not only is it possible, it is true!

[CNS]

I looked at my 401k today and it said my portfolio was up 30% YOY, that can't be right can it?

We are living in wild times.  If Joey's market doesn't cool off, I will be retiring 3-4 years earlier than planned. 

[catastrophe]

85 and out (retire at 58), a Roth, and then wait on Social Security if I am lucky enough to make it to 72.

Going to have the steve dave talk with my wife.

I think I need a translation for this.

[wetwillie]

He's retiring with full benefits from the state at 58.  He's going to delay SS until 72. He needs to make sure his wife is on the work until 66 or older plan.

[catastrophe]

He's retiring with full benefits from the state at 58.  He's going to delay SS until 72. He needs to make sure his wife is on the work until 66 or older plan.

That helps greatly. Thank you.

[Kat Kid]

Great translation.

My number at 58 is actually 93 and realistically the variables are how my kids are doing, how my wife is doing, how the market is doing and how I am doing.

Hopefully by this time I have a clean water supply and a bunker ready for climate-geddon

[kim carnes]

I’d be pumped if I was like 40 yrs older than I am

[steve dave]

KK, we are on identical plans.


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[catastrophe]

I’d be pumped if I was like 40 yrs older than I am

Yeah, a strong economy now doesn't mean jack for my retirement, but it's nice to see nonetheless.

No idea when full retirement will happen for me, but I'm within a few years of my plan for semi-retirement (whatever job I can get with full benefits and as little actual work as possible).

[Spracne]

Great translation.

My number at 58 is actually 93 and realistically the variables are how my kids are doing, how my wife is doing, how the market is doing and how I am doing.

Hopefully by this time I have a clean water supply and a bunker ready for climate-geddon

Good call on the water. Most preppers neglect to adequately account for the most important thing they'll need. I recommend buying cisterns or, even better, drilling a producing well as soon as you can.

[CNS]

Not a prepper.

That said, if I was, I would buy exclusively water treatment stuff and guns/ammo.  It takes up less storage than all that other stuff and, ultimately, why prep when you can overpower and take?

[mocat]

I will just learn what type of humor preppers like and then get good at that so they keep me around for comic relief. I could travel from bunker to bunker delivering news of the outside world wrapped in a palatable package of (most likely) "men are from mars women are from venus" type humor

[Spracne]

I will just learn what type of humor preppers like and then get good at that so they keep me around for comic relief. I could travel from bunker to bunker delivering news of the outside world wrapped in a palatable package of (most likely) "men are from mars women are from venus" type humor

What was the recent movie where the guy travelled around in the 19th Century just reading the news of the day?

[Spracne]

Not a prepper.

That said, if I was, I would buy exclusively water treatment stuff and guns/ammo.  It takes up less storage than all that other stuff and, ultimately, why prep when you can overpower and take?

My dad, nonpolitical corporate slave turned gun nut, was talking to me recently about a similar strategy. When I pointed out the flaw in his bug-out plan (water), he mentioned his neighbor had a well. And he was willing to ask cordially at first but also willing to commandeer by deadly force. (He believes the well actually lies in his property.)