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Talking stocks, trading, and investing in general

otc

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@Piobaire will enjoy this one: https://www.businessinsider.com/flight-attendant-saved-enough-money-to-retire-early-fire-2019-9

Flight attendant finds out about FIRE in 2016, has saved up 600k (25X her recent expenses) and is gonna work part time until 2022 when she can retire with full benefits.

Of course like any good FIRE evangelist, she runs her own blog and speaks at conferences. Because who better to take advice from than someone who just found out about the movement...

But sure, you'll be able to live out your days on 24k a year...that will work out great when you stop working double shifts and side gigs. Oh, and it isn't 600k in cash saved up either...that includes 136k in value of her condo and caboose...

And how's that travel budget going to work out when you're no longer a major airline employee?

edit: also, I could be wrong, but isn't the 4% rule really a "spend down" estimate? Something like the safe withdrawl rate to make it last 30 years that allows for you to dip into principle in the end as inflation has increased your withdrawals? You can't just stick with the same math and retire at 44.
 
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Piobaire

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Yeah, she's doomed to FIRE-failure.
 

patrickBOOTH

Stylish Dinosaur
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I think saving money is like an addiction to some of these people. A mental problem.
 

gettoasty

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I worked in and around finance my whole career and can tell you that almost nobody who already has a lot of money ever thinks they have enough money.
I was at a seminar once where Stephen Moskowitz was giving a talk and he said once he shared with clients the tax planning and savings/benefits, the reaction is always asking for more!
 

jbarwick

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My admittedly frugal grandmother once called me a cheap-ass. I laughed because she would have fainted if she knew what some things cost.

So my inlaws friend is trying to talk them into putting money into a PE firm. Can you even trust a PE firm if they don't have a website?
 

jbarwick

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Galloway puts out some entertaining pieces then beats the concepts to death until the next month.
 

Omega Male

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"Executives across the US are shedding stock in their own companies at the fastest pace in two decades, amid concerns that the long bull market in equities is reaching its final stages."

As the FT reports, corporate insiders - typically CEOs, CFOs, and board members, but also venture capital and other early stage investors, sold a combined $19BN of stock in their companies through to mid-September. Annualized, this puts them on track to hit $26BN for the year, which would mark the most active year since 2000, when executives sold $37bn of stock amid the giddy highs of the dotcom bubble. That 2019 total would also set a post-crisis high, eclipsing the $25bn of stock sold in 2017."

Hmmmm.
 

brokencycle

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My friend has been forwarding me the exchange on a group chat with friends he is trying to help take advantage of the big mortgage rate drops (they were mostly in the mid-upper 4% range). It is unbelievable how financially illiterate people are.
 

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