alt Hacker NewsReally appreciate your comment, literally the only comment in this long sub-thread that picked up on the nonsensical numbers fooker put out.
Realistically fooker's investment strategy into NDXT of 100k over 10 years would have produced around $2.5M depending on exact timing in the year and partitioning of that 100k. Way less than $15M nonsense. Also would have required extreme conviction alike the crypto types and completely counter how typically multi-million portfolios are managed (diversified).
Also, who needs 15M, at 5M net wealth there honestly is no reason to be working at a $200k/year job. You'll make way more after-tax income even assuming lousy 5% yearly return thru capital gains. Same story for 2.5M @ 10%.
Counting on 10% returns long term is way to aggressive especially when you have to consider sequence of returns risks during withdrawals. Even 5% is not conservative enough while you are in the withdrawal phase.
If I had $5 million of investments outside of my home, would I work? Maybe? My job is far from stressful, I work from home, I “retired” my wife over 5 years ago when she was 44 eight years into our marriage so she could pursue her passions and we could travel a lot.
All of my friends still work so what could I possibly do with my free time that I don’t do now? The only restrictions that not working would lift is that we could more easily spend an extended amount of time outside of US time zones.