Investing General Discussion
- Thread starter Furious
- Start date
Big_w_powah
Trakanon Raider
- 1,887
- 750
- 24,487
- 45,378
No I'm the fuck in the red P85 or red 911 that thinks speed limits are for pussies.
Furious
Ahn'Qiraj Raider
- 2,921
- 4,994
I did that for a while last year, about 40% in cash /short term bonds. I went all in and just secured a line a credit to buy if the market falls off a cliff. That and my margin should have me sitting pretty in a crash.
I'm still hoping for a massive crash. Just to watch rappers sell all their gold Jewelry like they did in 08.
8 Figures for Cads retirement, great work.
Jysin
Ahn'Qiraj Raider
- 6,267
- 3,994
- 1
Blazin
Creative Title
- 6,390
- 33,522
it's 98% perfect, the technically correct answer is to be to have a little broader diversification than just the big cap in the S&P 500 but to be honest it gets the job done in the simplest manner possible.
Gravel
Mr. Poopybutthole
- 36,193
- 114,682
If I remember the math correctly, someone who maxes just an IRA should have enough to retire in 30 years. If you start throwing money into a 401k, you can likely retire earlier.
To expound on this, that's why people like "Total Market" indexes so much. You get the S&P 500 plus some mid-cap and a tiny bit of small (VTSAX is 73% large, 18% mid, 9% small).
Big_w_powah
Trakanon Raider
- 1,887
- 750
What is the max you can do in a 401k?
Also, does employer contributions count toward that max? coming up on 30 myself, and while I've got a lil saved I want to take my recent raise and start maxing my 401k contributions.
Nevermind, I looked at this and it appears that 18k is my max.
If I wanted to retire at 65, and start maxing my 401k at 18k yearly at 30....What kinda money am I looking at at retirement?
- 24,487
- 45,378
401k Calculator - Bankrate.com
My numbers would give $3.2M @ 8% average returns if you invested $18k yearly for 35 years.
Big_w_powah
Trakanon Raider
- 1,887
- 750
Jysin
Ahn'Qiraj Raider
- 6,267
- 3,994
The pessimist in me thinks 6% CAGR overall is a safer calc. The crazy gains of the 80s / 90s will be pretty tough to beat in an economy that is quickly becoming a global market.
Also
Big_w_powah
The 18k is your contribution only. Employer matching doesn't count towards that cap, but does have it's own separate cap. It's pretty damn rare to have employers hitting cap though, as it is very generous. These caps are also increasing nearly every year. It was only $11k cap back when I started in 2002. You can see the history of increases in this chart:
Also
Big_w_powah
The 18k is your contribution only. Employer matching doesn't count towards that cap, but does have it's own separate cap. It's pretty damn rare to have employers hitting cap though, as it is very generous. These caps are also increasing nearly every year. It was only $11k cap back when I started in 2002. You can see the history of increases in this chart:
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Big_w_powah
Trakanon Raider
- 1,887
- 750
The pessimist in me thinks 6% CAGR overall is a safer calc. The crazy gains of the 80s / 90s will be pretty tough to beat in an economy that is quickly becoming a global market.
Also
View attachment 132713
My Company match is pretty shit, but would land me around an extra 5k.
Jysin
Ahn'Qiraj Raider
- 6,267
- 3,994
I make 6 figures for a Fortune 100 company and the cheap fucks still only pay 50% match on the first 6% of my pay as a company policy. You're not doing too bad.
Big_w_powah
Trakanon Raider
- 1,887
- 750
Soygen
The Dirty Dozen For the Price of One
- 28,324
- 43,157
One day I'll actually be able to invest, it's fun reading this.
Edit:
Say, Isn't this a bad idea?
BMO Bundles Uninsured Mortgages in a Canadian Bond First
Edit:
Say, Isn't this a bad idea?
BMO Bundles Uninsured Mortgages in a Canadian Bond First
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