Re: How much $ is needed to never have to work again?
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The only question I have is, how much effort would be expected to achieve "consistant" 12-15% returns?
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I think achieving consistent 12-15% returns has more to do with the market than the investor. If the market is rising at 12-15% per year then the effort required involves buying & holding an index fund.
If the market is flat or declining, it ivolves significant effort or is too difficult (nearly impossible?) to do consistently
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Yes it does. My brain conveniently ignored that part, partly because I enjoy watching the market, and would do it to some degree even if I could make no money from it. I don't see it as "work" but very few others would have the same outlook.
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I think that's how the poker grinders start off thinking until they realise it's only fun while you're winning. Playing the market for fun is more for a retiree with a stable income. That's where a lot of pro's trading profits come from.
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