Re: How much $ is needed to never have to work again?
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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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Not even close to being impossible. But then I've posted that about a thousand times.
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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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I've been watching and trading the markets since the 70's. I know by now if it's fun or not.
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