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Posted on 10/17/16 at 7:38 am to Tarik One
Anyone could live nicely on 1M.
Posted on 10/17/16 at 8:20 am to shel311
Trading/investing in stocks is my passion. 5% is child's play. Of course 1 mil wouldn't be enough with those shitty retiree results.
This post was edited on 10/17/16 at 8:22 am
Posted on 10/17/16 at 8:29 am to Ripley
quote:Sounds like you don't need any money then, you're probably deep into 7 figures already if you do that well.
Trading/investing in stocks is my passion. 5% is child's play. Of course 1 mil wouldn't be enough with those shitty retiree results.
Posted on 10/17/16 at 8:29 am to kywildcatfanone
quote:Define "nicely"
Anyone could live nicely on 1M
I don't think anyone could live "nicely" with $1M, not even close IMO.
Posted on 10/17/16 at 8:32 am to shel311
Nope, didn't say that.
Posted on 10/17/16 at 8:34 am to Rouge
10 trillion would be the hypothetical answer to your hypothetical question considering we are going to be hypothetical.
Posted on 10/17/16 at 8:37 am to shel311
quote:
I don't think anyone could live "nicely" with $1M, not even close IMO.
Correct. $1 million isn't enough to not have to work if you are under 50. It is enough to pay everything off and live a bit easier though. It would take $10 million for me to retire now and never work again unless i really wanted to. With that much no investment is even needed i could draw more now off the principle than i currently make for the rest of my life.
Posted on 10/17/16 at 8:51 am to Ripley
quote:If 5% is "child's play" then how are you not filthy rich?
Nope, didn't say that.
Posted on 10/17/16 at 9:10 am to shel311
I was laid off 3 times in 8 months. Being young and living it up, that first time hit me like a ton of bricks. After that I saved every penny and learned everything I could about the market. I've been investing/trading for a year and a half now in the roughest market since 08' and I'm up 124%.
This post was edited on 10/17/16 at 9:26 am
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