At last! You have been rubbing those two nickels together for decades! Now you have finally amassed your sacred F.I.R.E net worth number of $1.4 million dollars. This amount will allow you projected investment returns of a modest 6% per year, thereby allowing you to live by the 4% rule, which gives you an emancipating $56,000 per year to live on while still earning 2% appreciation on your net worth year over year! Well, technically 2% inflation cancels out the appreciation but you don’t care about technicalities. This is the moment! Time to come up with the most spectacular way
Category: Thoughts on career
Is Daytrading a good way to build wealth?
I’ve considered getting into daytrading many times – jumping into thet training and education aspects of it, preparing mentally for short-term trading which requires a different mindset and habits. Daytrading works differently from passive or active investing. In fact, you can argue its not even remotely related. The decisions you make associated with your buys or sells are based on different reasons. So I would argue daytrading is closer to trading commodities like oranges or forex than investing in stocks. This is the main reason I have not pursued this “job”. I just don’t want to “go back to school”