Wasted 25-35 in biglaw, but now can retire with 1.5M
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Date: July 24th, 2017 11:10 PM Author: Canary racy ticket booth
Yep.
Too many boomers chase dividend stocks so most of the time these are companies that are overvalued even when you net out their dividend.
The 4% dividend they pay would be much better used on ROIC projects which return 10%+. Many times, these stocks run sideways for years or get hit with multiple compression in the long-term as they lose their competitive positioning, i.e. retail/industrials.
(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848130) |
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Date: July 24th, 2017 11:29 PM Author: maize electric messiness address
COP was a dividend aristocrat.
CVX still is a dividend aristocrat.
Guess how they've done since 2014?
(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848271) |
Date: July 24th, 2017 11:00 PM Author: Canary racy ticket booth
I had a cash net worth of $1mm (now $1mm in real estate) but I am much younger than you and there is no way you can live off that.
Inflation alone will kill your living costs, so your best shot is to do what I did and buy 2-3 properties which hedge against inflation.
Once you do that, you will be forced to work a few more years to pay off the mortgage(s). Of course then you also need to eat/have fun so you will need to add on another few years to that while you are paying off the mortgage(s).
That gets you to about age 40. Then if you want kids you need to work until you're 50. If there are any emergencies (health issues, divorce, etc.) you probably should work until age 60 before you retire happily.
(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848048) |
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Date: July 24th, 2017 11:03 PM Author: Canary racy ticket booth
I do both, but real estate has returned much more for me than the stock market has. You know Austin property saw 100% gains in the past 2 years right? LA was a great real estate market too. Excluding the ~$7k of rent I get every month, real estate has still been a better investment than a 100% net long portfolio. FYI I had a 10% IRR the past 3 years in the stock market, so a bit above market (i.e. S&P 500).
Anyways.
Your troll post is one I've made multiple times on different boards. Good to think about, but in no way realistic.
Sorry, I'll leave now, carry on with your thread.
(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848066) |
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Date: July 24th, 2017 11:14 PM Author: Canary racy ticket booth
For me, my parents paid for college and my grandmother gave me $500k. Most of that is in an ETF the past 5 years which has really helped.
I did ibanking at 22 and work at a fund now. Bought my first property which appreciated by 50%. My second property appreciated almost 100%. My third property was a year ago and already appreciated 10%.
Basically inheritance and compounding capital. It helps that my work is 100% lined up to leverage my PA.
(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848149)
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Date: July 24th, 2017 11:16 PM Author: Canary racy ticket booth
Nope, never got an MBA. Top ugrad is all I'll say, no doobs.
To get back to the OP though, I have definitely thought about retiring at 35 or 40. But if you want kids and you don't marry an above average girl, you're better off just finding a job you love where you can at least net even paying off your mortgage and keeping up with your PA.
That you way you can 100% retire with about $5mm liquid net worth which is what I think the minimum is for those who want to keep an above average lifestyle.
(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848167) |
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Date: July 24th, 2017 11:16 PM Author: Lilac aromatic stag film
about a decade ago, this was my dream.
it did not work out.
(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848166) |
Date: July 24th, 2017 11:29 PM Author: Comical center
how did you saev that much?
rich parents?
YOU WERE BORN ON THIRD BASE NOT IMPRESSIVE
(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33848273) |
Date: July 26th, 2017 7:56 AM Author: Galvanic Hyperventilating Patrolman Church Building
Paying taxes on qualified dividends and long term capital gains is TCR. You can make up to $49,000 tax free.
4% is considered a safe withdrawal rate, so with $1.2 mill you could be drawing $4/month tax-free!
(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#33857634) |
Date: August 28th, 2017 10:24 AM Author: Aquamarine Mentally Impaired Really Tough Guy Spot
do you plan on having kids?
what are you going to tell you kids, you turned documents for other people for 10 years and now you can bum around living on the same income as a roofer?
if i were going to be a bachelor and die alone this would be a good path, but jfc it sounds horrible if you want to have a normal life.
(http://www.autoadmit.com/thread.php?thread_id=3684041&forum_id=2#34083797) |
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