$1,000,000

I do plan on putting around 200k into crypto and another 200k into NIO.

I’m not as concerned about investment. Even if I lose it all I still have a steady income. But I like the possibility that I can potentially retire any day.

I like to keep my life spicy.

Was thinking possibly Colonel was heavily investing following the 2009 crash, if he really went hard and got lucky.

if this was the case, he wouldn’t be a millionaire just recently. He’d be retired.

yes, yes, and yes

and also farmland. bill gates is loading up on it. for his future feifdom

TWSS

Pretty sure I’m doomed if hyperinflation happens. But I’ll still have my mind…or will I…

Due to certain market conditions I may have dipped below the threshold. I’ll check tomorrow.

:oh_noes:

you guys, I’m going all in on crypto.

I’ll let you know if I /wrist

:popcorn:

Markets rebounding a bit, you still got two commas there, CS?

Including house: $1.402M
Excluding house: $1.162M

I can’t remember if the original $1M thread was including or excluding the house so I’ll just show them both.

2 Likes

IFYQ

your house is only 250?

Po

So you know he’s actually rich and not just a nyer

yeah, must be living like a king.

well, like I said, I hope he’s actually spending the money and not just saving it.

1 Like

Thanks to the price of lumber my house is 315K but I have 75 to pay off yet.

I don’t spend a ton of money; apart from bridge tournaments (which hopefully will soon be possible again) and the occasional Europe trip (I have a couple flights waiting to book for free with miles) I live pretty simply and would rather just retire at 57 and get out of the rat race.

1 Like

PLanning

After hiding enough columns, here’s the plan. If I can dump $$ into my accounts and get 5% on my investments, there’s the $2M. It generates $6,887 per month. Another $169/mo from a pitiful pension. Finally, I am deferring income to pay out in 5 annual installments when I retire to help bridge the time until SS. Right now I’m projecting it will be another $1,533 for a 5-yr period.

Honestly I don’t know what I would do with $8,589 per month. If the ACA is going to subsidize my health insurance, 57 may be too late to retire. I’m counting on the market to crash sooner or later and vaporize 1/3 of all this though.

I do want to leave a decent chunk to my kids though, they will likely be minimum wage earners throughout their lives, but they aren’t spenders either. I wouldn’t mind retiring sooner than 57 and doing something simpler that takes less time. I’d like to spend some time feeding the hungry in my retirement.

3 Likes

interesting…

Only 28-years-old. I made almost all my money on bitcoin and TSLA. I would be ashamed if I didn’t have $1 million by the time you’re 30, especially when:

  1. You’re an actuary making $200k/year
  2. You have an internet connection, where you can hop on the next meme stock or coin instantly and 2X your money every month.

I rotated out of bitcoin and TSLA and went into SP500. I think money is flowing back in traditional sectors, so tech, hype, meme assets will face difficulties for the remainder of the year.

In the long-run, I’m looking to go back into TSLA when they release a working FSD product (Hopefully FSD Beta v9). I feel like TSLA will be our generation’s standard oil and will have a marketcap in the 10s of trillions as they dominate the automotive market, the energy market, the transportation market, the trucking industry and the robotics industry.