• I'm happy to introduce the Styleforum Happy Hour, our brand new podcast featuring lively discussion about menswear and the fashion industry. In the inaugural edition, a discussion of what's going on in retail today. Please check it out on the Journal. All episodes will be also be available soon on your favorite podcast platform.

  • Styleforum Gives - Holiday Charity Auction 8: Cuir de Russie card case from Equus Leather

    We are very proud to present this year's edition of the Styleforum Holiday Charity Auctions, this year in support of the Ronald McDonald House Charities of Spokane (www.rmhcspokane.org). Each Auction lasts 24 hours. Please follow and bid on all the auctions.

    The 8th auction is for a Cuir de Russie card case from Equus Leather. Please bid often and generously here

    Fok and the Styleforum Team.

  • STYLE. COMMUNITY. GREAT CLOTHING.

    Bored of counting likes on social networks? At Styleforum, you’ll find rousing discussions that go beyond strings of emojis.

    Click Here to join Styleforum's thousands of style enthusiasts today!

Talking stocks, trading, and investing in general

Piobaire

Not left of center?
Joined
Dec 5, 2006
Messages
60,223
Reaction score
22,917
Not everyone, in fact probably most people, were given the life opportunities to do something they truly enjoy that they can also make a good living at. I think I've mentioned here before how the person I'd most call my mentor was one such person and was a practicing named founding partner at his law firm and went into the office daily until six weeks before his death at 90. The guy was a complete fucking boss.

I've also said many times, and this will be in agreement with E-daddy, I don't get living like a pauper for 30 years so you can retire at 55 at...live like a pauper for 30 years.

Final addition would be pensions, annuities, Social Security, etc. provide cash flow in retirement that will mitigate the need for a huge cash cushion. Of course and sadly SS represents 90% or more of household income for an astonishing number of people.
 

Piobaire

Not left of center?
Joined
Dec 5, 2006
Messages
60,223
Reaction score
22,917
This is one helluva read. I wonder how much idfnl invested in it? And I'm still waiting on my Initiative Q billions!

 

RedLantern

Distinguished Member
Joined
Apr 6, 2008
Messages
3,659
Reaction score
862
This conversation reminds me of a talk I recently had with my mother (peak boomer?) lately. Ironically, she is both the hardest working person I know (its a pathology for her, this not 100% a compliment) and has not had to work a job to support herself since she was in her early 20's.

She was talking to me about my new job and wringing her hands if it was something I "love" doing. I told her that its an unreasonable expectation to have your passions support you and your family. A person is supremely lucky to be able to support their family working a job that is meaningful, rewarding, and enjoyable at times. Bonus points if its something that is reasonably secure and doesn't take a physical toll.
 

Omega Male

Distinguished Member
Joined
May 30, 2013
Messages
2,046
Reaction score
2,716
Between crypto and weed, the Millennial 401K isn’t looking too solid.

E9B02953-E441-42B8-963B-958F50D646FB.png
 

imatlas

Saucy White Boy
Joined
May 27, 2008
Messages
12,836
Reaction score
5,042

jbarwick

Distinguished Member
Joined
Nov 28, 2012
Messages
4,615
Reaction score
2,212
Millenials are just buying the dip here. They are long term investors.
 

patrickBOOTH

Stylish Dinosaur
Dubiously Honored
Joined
Oct 16, 2006
Messages
35,846
Reaction score
10,723
I briskly filled out this retirement goal calculator online. The report said in order to reach my goal I need to do one of the following: 1. Increase my savings to 130% of my annual salary, 2. change my rate of return to 13% annually, or 3. Delay retirement until age 106.

I'm torn what to do.
 

venividivicibj

Stylish Dinosaur
Joined
Apr 9, 2013
Messages
13,350
Reaction score
5,447
I briskly filled out this retirement goal calculator online. The report said in order to reach my goal I need to do one of the following:
1. Increase my savings to 130% of my annual salary,
2. change my rate of return to 13% annually, or
3. Delay retirement until age 106.
Clearly its option 2- leverage equities up your eyeballs.
 

Coffandcig

Senior Member
Joined
Apr 9, 2011
Messages
246
Reaction score
745
I briskly filled out this retirement goal calculator online. The report said in order to reach my goal I need to do one of the following: 1. Increase my savings to 130% of my annual salary, 2. change my rate of return to 13% annually, or 3. Delay retirement until age 106.

I'm torn what to do.
Write naked options.
 

Styleforum is proudly sponsored by

Featured Sponsor

How many pairs of shoes do you own?

  • 1 - 4

    Votes: 30 3.7%
  • 5 - 10

    Votes: 141 17.3%
  • 11 - 20

    Votes: 265 32.5%
  • 21 - 30

    Votes: 129 15.8%
  • 31 - 40

    Votes: 70 8.6%
  • 41 - 50

    Votes: 48 5.9%
  • 51 - 60

    Votes: 25 3.1%
  • 61 - 70

    Votes: 22 2.7%
  • 71 - 80

    Votes: 17 2.1%
  • 81 - 90

    Votes: 7 0.9%
  • 91 - 100

    Votes: 9 1.1%
  • 100+

    Votes: 52 6.4%

Related Threads

Forum statistics

Threads
429,038
Messages
9,227,355
Members
193,694
Latest member
bricmnahon
Top