Re: How much $ is needed to never have to work again?
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pig4bill, please explain.
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Explain why I want someone to give me a half-million? [img]/images/graemlins/smile.gif[/img]
I feel reasonably confident I can make 12 to 15 percent a year off the market, so I would take 200k and trade my usual way to make my nut. I would keep the other 300k in T-bonds in case the market got really weird or I got too aggressive and lost the stake. If I had to re-load, I would back off the aggression and would only need to make 8% because of the bigger stake. Note that taxes on $24k are nearly non-existant, so a couple percent here or there to cover taxes wouldn't matter to me.
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Question for all:
Is a person who is studying economics or finance of some sort automatically a lot more probably to never have to work again compared to a person who hasn't studied in this field?
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No. Who's going to be "teaching" you this stuff? Someone that needs a job. How can they teach you something they don't know?
Besides, their institutionalized uncreative thinking is the type that leads them to advise everyone to buy index funds or mutual funds.
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