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MichaeltheGreat
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Apolyton Grand Executioner
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mooning the house that Ruth built.
Oct 1999
time: 21:23
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quote:
Originally posted by Japher
MtG; how much do you think YOU will need to retire? (in today's dollar)
Also, assuming the boat is paid for (I want a power catm, but this one will do)
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If I'm "actively investing" retired, then half a million would be fine. I could extract six figures a year out of that, and still grow the principal nicely.
If I'm "out of contact except send me a draft every month from my Swiss bank account to the next island I tell you", then about six times that should be safe.
Beyond that, it's just a question of what toys I want to have.
For the boat, I prefer good old fashioned wood and sailcloth. Although I have a romantic attachment to manilla line, it's a friggin' pain in the ass to maintain, and a handripper to boot, so I'll go synthetic on the lines.
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Kuciwalker
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of Schmooism
Feb 2001
time: 00:23
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quote:
Originally posted by JohnT
quote:
If I'm "actively investing" retired, then half a million would be fine. I could extract six figures a year out of that, and still grow the principal nicely. |
If, buy "grow the principal nicely" you mean that you will grow the principal by 10%, you're looking at starting at a 30%+inflation rate of return the first year, with the return slowly decreasing as time goes by (assuming that you don't want to take more than $100k out per year.)
Sorry, Mike, gotta do it: I call BS. If you could do this you'd retire by now. Hell, I've got $600,000 and I don't think it would be possible to live like that - can you help me?  |
*grabs popcorn* this will be GOOD
I thought the $500,000 figure sounded low, but I wasn't about to challenge it since MtG knows roughly infinitely more than me about such things 
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MichaeltheGreat
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Apolyton Grand Executioner
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mooning the house that Ruth built.
Oct 1999
time: 21:23
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quote:
Originally posted by JohnT
quote:
If I'm "actively investing" retired, then half a million would be fine. I could extract six figures a year out of that, and still grow the principal nicely. |
If, buy "grow the principal nicely" you mean that you will grow the principal by 10%, you're looking at starting at a 30%+inflation rate of return the first year, with the return slowly decreasing as time goes by (assuming that you don't want to take more than $100k out per year.)
Sorry, Mike, gotta do it: I call BS. If you could do this you'd retire by now. Hell, I've got $600,000 and I don't think it would be possible to live like that - can you help me? |
I usually buy too many toys, or have taken a lot of time off from work / worked part time when not in an energy gold rush period, so I've never bothered to invest huge amounts at any given time. Plus cost of child support, kid going to college, private school, etc.. Now I'm on the flip side, relatively higher income and lesser expenses, and I can't find any toys which really float my boat enough to bother getting them.
Let's structure an LLC or LP or similar structure for your assets, or whatever else works for you, if that 600k is unrestricted. With that kind of money, no margin or options needed. Shorts are always a nice tool, though - in fact, probably the best in a volatile or indecisive market.
If it's 600k in retirement accounts, then that's simple enough, too.
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Pekka
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em seu burro dos pais!
Feb 2002
time: 07:23
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Saras, yeah in the place where I'm thinking investing some when I get the lowest possible capital (from summer job no less, but I want to start as early as possible) they got these new funds, it's solely eastern european new business type of thing. It's nothing new really, but it emphasizes on little risk, and getting into the starting business action more than just safe bets. With the idea of decentralization, you could be looking at nice returns IF you invest enough, like my future 2000 euros won't give me anything except to learn the hoops and see how it works. They call it the Second Wave, right? Because you need to be on the first wave to get into the real action, but normal individuals rarely do get that opportunity so this is second wave program. To me it sounds good, of course the invest in funds and stocks all over the world and these have existed but now they are mroe like specializing in that region with the mindset of getting max profit. I think it'll do great, so I'm hoping to get into the program asap.
But it's true, there's just bound to be few future super goldmines coming up soon and now is the time to get into it. It's just the question of calling the potential right, because it will happen for sures. Do you have any tips? 
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Pekka
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em seu burro dos pais!
Feb 2002
time: 07:23
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I'd give my left nut for enough capital though... That's the place to invest, it'll be hot spot if it isn't already.People talk all about Asia Asia Asia but maybe they have missed the eastern europe I don't know.. but it's their loss at the end. Because now that the EU is expanding, the tourism will see new highs in the eastern parts of europe as well, and the rules and regulations should open enough for us to be able to buy property and real estate in formerly forbidden markets for outsiders... the best of those places, close to mediterranian, man they WILL go high up right away, they'll become luxury spots. There are these regions in southern europe, where you can't get a house for.. money, and you even have to have like a permit to get a house in the certain area because they want to keep the neighbourhood as it is... so when you get to have houses in those areas, you can sell them in few years with huge profits I bet. Need to get in now, they'll be gone very very soon..
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02-06-2005 01:58
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