Financial Independence Daily FI discussion thread - August 28, 2019 |
- Daily FI discussion thread - August 28, 2019
- Weekly Self-Promotion Thread - August 28, 2019
- An article on the aftermath of the fall of a particular online broker (SVS)... Makes me extremely paranoid of making long term investments with a single broker
- ROI and SWR rates for retirement calculations (confusion on inflation)
- Should l?
| Daily FI discussion thread - August 28, 2019 Posted: 28 Aug 2019 01:08 AM PDT Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! Have a look at the FAQ for this subreddit before posting to see if your question is frequently asked. Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Weekly Self-Promotion Thread - August 28, 2019 Posted: 28 Aug 2019 01:08 AM PDT Self-promotion (ie posting about projects/businesses that you operate and can profit from) is typically a practice that is discouraged in /r/financialindependence, and these posts are removed through moderation. This is a thread where those rules do not apply. However, please do not post referral links in this thread. Use this thread to talk about your blog, talk about your business, ask for feedback, etc. If the self-promotion starts to leak outside of this thread, we will once again return to a time where 100% of self-promotion posts are banned. Please use this space wisely. Link-only posts will be removed. Put some effort into it. [link] [comments]  |
| Posted: 28 Aug 2019 09:17 AM PDT The author seems to be adamant about limiting single broker investments to whatever the limit is that you are entitled to get back. However that seems highly impractical and very complicated, especially if one is pursuing FI. This is definitely the sort of the thing that makes me consider using an older, larger and more established bank as a brokerage platform rather than online brokers such as degiro - despite the huge differences is costs - simply because the former is "less likely" to go down. Now I don't actually have any data to support that, it just seems like that would be the case... Just wanted to see what the FIRE community thinks about this? [link] [comments]  |
| ROI and SWR rates for retirement calculations (confusion on inflation) Posted: 27 Aug 2019 04:43 PM PDT I've been working over my calculations for retirement and hit a scary snag. I haven't been factoring inflation into my expense estimate at retirement. I started out excited because I'd actually been assuming no growth on my investments beyond age 65, so using a SWR gave a nice boost to my planned retirement income (i.e. a 2% SWR with a 6% estimated growth rate was enough to cover my expected retirement expenses). Then I realized, with horror, that I haven't been factoring inflation into my retirement expenses, which basically tripled them over 35 years if I got the formula right, and meant even a 4% SWR isn't enough to cover them. However, I've been using a growth rate of 6% to calculate ROI on my investments over the next 35 years, which I think is a little conservative and was suggested because it already accounted for inflation (i.e. 10% growth average - 3% inflation average -1% for my caution). So I guess my question is, if I'm using 6-7%, are my ROI calculations essentially in today's dollars, so that I can compare to today's expenses? If not, what's a safe rate to use for investment growth so that I can compare to my expenses today? [link] [comments]  |
| Posted: 27 Aug 2019 09:05 PM PDT After two years of a toxic job, I left for new job and it has been three months. The job is interesting but very stressful. Like 12 hours a day. Granted I expect to learn more so that I can reduce the number of hours. But I can see that it's a stressful job. Just been diagnosed with diabetes. I was pre before. I probably have enough to fire. So fellow fi community members, should I just pull the trigger and fire to take care of my health? [link] [comments]  |
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