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41
Dholliday126
2021 Aug 4, 1:35pm
Dholliday126
2021 Aug 4, 1:35pm
100% stocks, Growth portfolio. 20%+ if you can trade with margin.
42
FarmersWon
2021 Aug 4, 1:41pm
FarmersWon
2021 Aug 4, 1:41pm
Wealth is relative. In the end everything is your "arbitration power" over commodities and labor.
Some numbers.. if you are millionaire .. you are just one of 22 million in US.... In they bay area, You are nobody if wealth is only yardstick.
https://www.financialsamurai.com/number-of-millionaires-in-the-world-and-by-country/
According to Credit Suisse, the global number of millionaires expanded by 5.2 million to reach 56.1 million in 2020. That’s a 9.8% increase in the number of millionaires since the pandemic began.
As a result, an adult now needs more than $1 million to belong to the global top 1%. But to be in the top 1% in America, an adult needs to have more than $10 million.
When it comes to wealth, everything is relative. Therefore, let’s take a closer look at the millionaire data by country.
Some numbers.. if you are millionaire .. you are just one of 22 million in US.... In they bay area, You are nobody if wealth is only yardstick.
https://www.financialsamurai.com/number-of-millionaires-in-the-world-and-by-country/
According to Credit Suisse, the global number of millionaires expanded by 5.2 million to reach 56.1 million in 2020. That’s a 9.8% increase in the number of millionaires since the pandemic began.
As a result, an adult now needs more than $1 million to belong to the global top 1%. But to be in the top 1% in America, an adult needs to have more than $10 million.
When it comes to wealth, everything is relative. Therefore, let’s take a closer look at the millionaire data by country.
43
clambo
2021 Aug 4, 1:46pm
DHolliday, I am 90% stock allocation and retirement age.
The capital appreciation is great lately; since July 2 my accounts are up more than I spend in 2 years.
I’m not using margin to trade yet, but it looks like easy money.
I considered buying AAPL on margin at $123 a few months ago for example.
The capital appreciation is great lately; since July 2 my accounts are up more than I spend in 2 years.
I’m not using margin to trade yet, but it looks like easy money.
I considered buying AAPL on margin at $123 a few months ago for example.
44
Dholliday126
2021 Aug 4, 1:56pm
Dholliday126
2021 Aug 4, 1:56pm
If you can take the volatility, stay in stocks until you're dead. Asset allocation of mostly bonds when you retire may feel safe, but inflation will make you a spendthrift old lady clutching your pearls before you know it. The trick has always been holding 100% stock portfolio, 30-40 names, no more than 10% into your most favorite name, go on margin and trade options on that portfolio for income and hedging. Keep 6 months of expenses in the bank, and know the stock stuff is a 3-5 years hold.
Gotta know what you're doing with margin, most retail accounts charge around 7% so it's not cheap, plus you can blow yourself up if a trade goes wrong. If you know what you're doing, just trading options will generate 20% a year in addition to any stock appreciation.
Gotta know what you're doing with margin, most retail accounts charge around 7% so it's not cheap, plus you can blow yourself up if a trade goes wrong. If you know what you're doing, just trading options will generate 20% a year in addition to any stock appreciation.
45
Eric Holder
2021 Aug 4, 2:15pm
Eric Holder
2021 Aug 4, 2:15pm
Dholliday126 says
Interactive Brokers charge 1.6%.
Gotta know what you're doing with margin, most retail accounts charge around 7% so it's not cheap
Interactive Brokers charge 1.6%.
46
BoomAndBustCycle
2021 Aug 4, 2:16pm
ChauvinsKnee says
People spend a lot of money to work. During the pandemic we saved so much money not having the usual working and childcare expenses. That’s the nice thing about retirement…. You probably only need half what you earned in your prime working years … no child expenses and no work expenses…you will feel richer. Add on to that no mortgage if you planned well. (Also helps if you raise self sufficient offspring that don’t need financial support later in life)
If you follow the 4% rule, $1M gives you $40K per year to live on. Hardly Caligulan splendor. With $3M it goes up to $120K. Not bad, but not something to write home about either
People spend a lot of money to work. During the pandemic we saved so much money not having the usual working and childcare expenses. That’s the nice thing about retirement…. You probably only need half what you earned in your prime working years … no child expenses and no work expenses…you will feel richer. Add on to that no mortgage if you planned well. (Also helps if you raise self sufficient offspring that don’t need financial support later in life)
47
Eric Holder
2021 Aug 4, 2:20pm
Eric Holder
2021 Aug 4, 2:20pm
BoomAndBustCycle says
This is true. Even working from home saved us shitload of money: gas, public transportation, office clothes, fancy haircuts, lunches, fancy coffee, etc. Even car insurance premiums have dropped significantly once all cars were declared for "pleasure use only". =))
People spend a lot of money to work.
This is true. Even working from home saved us shitload of money: gas, public transportation, office clothes, fancy haircuts, lunches, fancy coffee, etc. Even car insurance premiums have dropped significantly once all cars were declared for "pleasure use only". =))
48
mell
2021 Aug 4, 2:25pm
Eric Holder says
Yep. And since the woke trannies have turned the workplace into utter shite I have been exclusively working 100% remotely only, starting even before !covid!. And that won't change.
BoomAndBustCycle saysPeople spend a lot of money to work.
This is true. Even working from home saved us shitload of money: gas, public transportation, office clothes, fancy haircuts, lunches, fancy coffee, etc. Even car insurance premiums have dropped significantly once all cars were declared for "pleasure use only". =))
Yep. And since the woke trannies have turned the workplace into utter shite I have been exclusively working 100% remotely only, starting even before !covid!. And that won't change.
49
SunnyvaleCA
2021 Aug 4, 2:38pm
Dholliday126 says
7% margin interest is a heavy headwind. I would suggest keeping only 100% invested (no margin) and then using margin briefly if you have a sudden expense that crops up before you can liquidate something to pay the expense. But if that's the case, even using margin isn't the best deal; better to get a home equity line of credit and use that at only 4% or 5%. Well, at least margin interest is tax deductible against your investment winnings.
"Gotta know what you're doing" goes 3x for options. I don't see how the average retail investor can compete in the options market if they don't have all the news sources, insider information, massive financial backing, and the ability to front-run everyone else. Options are inherently short-term and extremely volatile; better to treat them as a fun gambling experiment.
That said, I do agree that ignoring the bond market and concentrating on stocks is a good plan, given the yield (or risk) of bonds in the current market.
Gotta know what you're doing with margin, most retail accounts charge around 7% so it's not cheap, plus you can blow yourself up if a trade goes wrong. If you know what you're doing, just trading options will generate 20% a year in addition to any stock appreciation.
7% margin interest is a heavy headwind. I would suggest keeping only 100% invested (no margin) and then using margin briefly if you have a sudden expense that crops up before you can liquidate something to pay the expense. But if that's the case, even using margin isn't the best deal; better to get a home equity line of credit and use that at only 4% or 5%. Well, at least margin interest is tax deductible against your investment winnings.
"Gotta know what you're doing" goes 3x for options. I don't see how the average retail investor can compete in the options market if they don't have all the news sources, insider information, massive financial backing, and the ability to front-run everyone else. Options are inherently short-term and extremely volatile; better to treat them as a fun gambling experiment.
That said, I do agree that ignoring the bond market and concentrating on stocks is a good plan, given the yield (or risk) of bonds in the current market.
50
stereotomy
2021 Aug 4, 2:58pm
stereotomy
2021 Aug 4, 2:58pm
clambo says
I know that I was developing arthritis in my hands years ago. Then I got into a serious accident which triggered trauma-induced Celiac symptoms. Seriously, I lost 40 pounds in 2 months. No doctor would explain what was happening to me, but eventually, I figured it out. I had to cut out all carbs and sugar, and once this happened, I regained my normal weight. As a bonus, my incipient arthritis symptoms went away - and they stay away to this day - 15 years later.
I had to radically alter my diet to eliminate all corporate frankensteiniamals and at least initially, any gluten-containing foods. Later, after I had largeley healed from my injury, I was able to eat bread and pasta again, but only that which wasn't nuked with extra gluten to make it extra puffy.
You are your own best advocate for you and your family's health. No one else will help you or point you in the right direction. You need to find your own path. I wish you luck and
success in this, for it is a long and difficult path.
At risk of boring readers, herewith my arthritis story.
I’m in good shape and healthy. I was very active but cautious using weights, walking for hours and gym several days per week, with a trainer for a year (my vanity project).
The symptoms of arthritis in my hips were suddenly sore groin muscles that did not heal.
The only thing I previously noticed was the lack of ability to reach my feet easily, my range of motion is limited, I thought it was stiff muscles.
I saw the X rays recently and the joints themselves are missing the cartilage. Also, growths of bone are where there should be nothing.
The PT guy can push my leg and he feels the resistance of the joint before I feel pain, it’s not going to fully rotate as a normal joint would.
What helps me is Meloxicam, it reduces the inflammation of my muscles so I feel better.
The joint itself rarely hurts, but the muscles do.
I’m going to have a hip replacement eventually, but I’m in ...
I know that I was developing arthritis in my hands years ago. Then I got into a serious accident which triggered trauma-induced Celiac symptoms. Seriously, I lost 40 pounds in 2 months. No doctor would explain what was happening to me, but eventually, I figured it out. I had to cut out all carbs and sugar, and once this happened, I regained my normal weight. As a bonus, my incipient arthritis symptoms went away - and they stay away to this day - 15 years later.
I had to radically alter my diet to eliminate all corporate frankensteiniamals and at least initially, any gluten-containing foods. Later, after I had largeley healed from my injury, I was able to eat bread and pasta again, but only that which wasn't nuked with extra gluten to make it extra puffy.
You are your own best advocate for you and your family's health. No one else will help you or point you in the right direction. You need to find your own path. I wish you luck and
success in this, for it is a long and difficult path.
51
Patrick
2021 Aug 4, 3:30pm
Patrick
2021 Aug 4, 3:30pm
Dholliday126 says
Yes, I've read many times that the best long-term strategy historically has been 100% into individual stocks (not mutual funds, which bleed you with fees and have almost always lost against the broader market).
You don't have to be a good "stock picker" for this to work. You just have to buy solid stocks with reasonable p/e ratios and preferably with a dividend too. And don't jump in and out. Just buy and hold.
"The dead are the best investors." Some study showed that people who died and therefore could not make any changes did the best with their portfolios. The time between death and the eventual distribution of their assets can be quite a while.
I'm too worried to trade on margin through. There's a lot of additional risk there, and that 7%.
trick has always been holding 100% stock portfolio, 30-40 names, no more than 10% into your most favorite name, go on margin and trade options on that portfolio for income and hedging. Keep 6 months of expenses in the bank, and know the stock stuff is a 3-5 years hold.
Gotta know what you're doing with margin, most retail accounts charge around 7% so it's not cheap, plus you can blow yourself up if a trade goes wrong. If you know what you're doing, just trading options will generate 20% a year in addition to any stock appreciation.
Yes, I've read many times that the best long-term strategy historically has been 100% into individual stocks (not mutual funds, which bleed you with fees and have almost always lost against the broader market).
You don't have to be a good "stock picker" for this to work. You just have to buy solid stocks with reasonable p/e ratios and preferably with a dividend too. And don't jump in and out. Just buy and hold.
"The dead are the best investors." Some study showed that people who died and therefore could not make any changes did the best with their portfolios. The time between death and the eventual distribution of their assets can be quite a while.
I'm too worried to trade on margin through. There's a lot of additional risk there, and that 7%.
52
GreaterNYCDude
2021 Aug 4, 4:30pm
I don't want to draw down in the principal, I want to live off the interest. That is how real wealth is created.
A 6 million nest egg should be enough. A million isn't what it used to be.
A 6 million nest egg should be enough. A million isn't what it used to be.
53
Dholliday126
2021 Aug 4, 4:33pm
Dholliday126
2021 Aug 4, 4:33pm
SunnyvaleCA says
I only use margin if I get filled on a stock, and then I'll turn around and reduce it with short term losses. Kind of like a credit card, It's a strategy for leverage plays and pay it off immediately if used....
Dholliday126 saysGotta know what you're doing with margin, most retail accounts charge around 7% so it's not cheap, plus you can blow yourself up if a trade goes wrong. If you know what you're doing, just trading options will generate 20% a year in addition to any stock appreciation.
7% margin interest is a heavy headwind. I would suggest keeping only 100% invested (no margin) and then using margin briefly if you have a sudden expense that crops up before you can liquidate something to pay the expense. But if that's the case, even using margin isn't the best deal; better to get a home equity line of credit and use that at only 4% or 5%. Well, at least margin interest is tax deductible against your investment winnings.
"Gotta know what you're doing" goes 3x for options. I don't see how the average retail investor can compete in the options market if they don't have all the news sources, i...
I only use margin if I get filled on a stock, and then I'll turn around and reduce it with short term losses. Kind of like a credit card, It's a strategy for leverage plays and pay it off immediately if used....
55
Booger
2021 Aug 4, 6:50pm
Booger
2021 Aug 4, 6:50pm
I don't have kids and even I don't want to draw down my principal! I'll find some well deserving relatives in Poland to leave it to.
56
Booger
2021 Aug 4, 6:53pm
Booger
2021 Aug 4, 6:53pm
stereotomy says
You gained weight by cutting out carbs and sugar???? Did I somehow misinterpret this???
Seriously, I lost 40 pounds in 2 months. No doctor would explain what was happening to me, but eventually, I figured it out. I had to cut out all carbs and sugar, and once this happened, I regained my normal weight.
You gained weight by cutting out carbs and sugar???? Did I somehow misinterpret this???
57
Booger
2021 Aug 4, 6:54pm
Booger
2021 Aug 4, 6:54pm
Eric Holder says
Plus you can work naked.
This is true. Even working from home saved us shitload of money: gas, public transportation, office clothes, fancy haircuts, lunches, fancy coffee, etc. Even car insurance premiums have dropped significantly once all cars were declared for "pleasure use only". =))
Plus you can work naked.
58
Patrick
2021 Aug 4, 7:06pm
Patrick
2021 Aug 4, 7:06pm
And if you're Jeffrey Toobin you can just pull it out, whack off on camera, and CNN Propganda Inc will have no particular problem with that.
60
Patrick
2021 Aug 4, 8:23pm
Patrick
2021 Aug 4, 8:23pm
A silver dollar is now worth more than $20.
So to be an old-school millionaire, you need more than $20M.
So to be an old-school millionaire, you need more than $20M.
61
NDrLoR
2021 Aug 4, 9:16pm
NDrLoR
2021 Aug 4, 9:16pm
Patrick says
A silver dollar is now worth more than $20The brilliance of LBJ when he took the silver content out of coins in 1965. Oh, it won't make much difference...
63
BayArea
2021 Aug 4, 10:21pm
BayArea
2021 Aug 4, 10:21pm
You can take the year you were a kid, calculate compounded inflation, and figure what the new million is
64
zzyzzx
2021 Aug 5, 5:11am
zzyzzx
2021 Aug 5, 5:11am
BayArea says
According to https://www.usinflationcalculator.com 1M in 1972, when I was a kid (age 6), is now $6,499,904.31 with a cumulative rate of inflation of 550%
You can take the year you were a kid, calculate compounded inflation, and figure what the new million is
According to https://www.usinflationcalculator.com 1M in 1972, when I was a kid (age 6), is now $6,499,904.31 with a cumulative rate of inflation of 550%
65
SunnyvaleCA
2021 Aug 5, 11:18am
GreaterNYCDude says
I don't want to draw down in the principal, I want to live off the interest. That is how real wealth is created.Living off the interest allows inflation to reduce the purchasing power of your principal over time. You need to add some of that interest to your principal so that your principal grows at the rate of inflation.
A 6 million nest egg should be enough. A million isn't what it used to be.
66
Patrick
2021 Aug 5, 11:21am
Patrick
2021 Aug 5, 11:21am
There is essentially no interest anymore. You cannot get more than half a percent afaict, while inflation is clearly over 4% now.
You're pretty much forced into stocks if you want to live from your money.
Or you could do it with rental property, except that your tenants have been exempted from paying rent indefinitely...
You're pretty much forced into stocks if you want to live from your money.
Or you could do it with rental property, except that your tenants have been exempted from paying rent indefinitely...
67
zzyzzx
2021 Aug 5, 11:26am
zzyzzx
2021 Aug 5, 11:26am
Patrick says
It's as if it's intentional... Being a landlord was one of the few remaining income streams available since interest rates and been lowered to zero indefinitely.
Or you could do it with rental property, except that your tenants have been exempted from paying rent indefinitely...
It's as if it's intentional... Being a landlord was one of the few remaining income streams available since interest rates and been lowered to zero indefinitely.
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It's hard to say what the new million is, until you put it in terms, "How much would it take to corrupt a high official?". Like all of the officials it took to sell the Corona Virus hoax, and the Election steal. Then you can start to fathom all of the millions that were donated to the 2020 election and all of the millions the US pays the CDC to implement their policy.
I think the magic number is 3 million. 1 billion dollars will buy 300 officials to go along with any NWO bullshit you throw their way. 300 million will buy you 100 officials spread throughout 6 cities in the United States. That will make sure no anomaly is formally investigated, and will be the public spokes person the complicit MSM cites as the official with the truth.
So when Mike Bloomberg puts on a show Presidential election even though he's polling at 2%, don't laugh at him for dumping 100 million in a market every other week of the billion he pledged for his election campaign effort. He was never running to win the election, he was laying the foundation for the Election night steal. He was stuffing the pay envelopes, and getting them ready for Dude that does the thing.