rayhendricks
Joined 7 years ago
Joined 7 years ago
Got shipped because IMO this is just a bit too much money to spend.
Then Just about anyone can retire with >=1.5MM and be doing ok. Of course double this number if you are in VHCOL but otherwise it’ll work just about anywhere.
Instead of going with a fiat paid system what if you went with a crypto of your own like Numerai (https://docs.numer.ai/tournament/learn) is doing?
From their website: "The Numerai Tournament is where you build machine learning models on abstract financial data to predict the stock market. Your models can be staked with the NMR cryptocurrency to earn rewards based on performance."
If you’re poor and in a blue state you get free healthcare comparable to the rest of the developed world. But go over the 30k/year threshold and you’re getting a high-deductible plan and a random number generator for a hospital billing department. Then once you get a job at FAANG and you get great healthcare.
China is not going to send fighters over to Bomb the us mainland, this thing is totally unnecessary.
Got about 50% total return since then (121k purchase & 61k return 183ish total). Mostly in VTSAX but the thing is, in late March 2020 I was negative returns, the market really does fluctuate and it is important to not act irrationally. Now it’s 50ish percent return since then.
Now the long game here is that based on my age I only had to put money into retirement for like 5-6years (employer match 401k + Roth contributions) now this will just be left until retirement in 30-40 years assuming the current approximate interest rate of 7-8%year inflation adjusted.
So yeah, just buy as much VTSAX and let it sit for decades. If that doesn’t work the economy of the United States is broken and you have bigger problems to worry about.