Yes you make more when it's lower. You save more when supermarket prices are lower too. Investing returns are always a factor of price paid.
When I started buying ARLP I was paying $10 a share. It's when it fell to $2.80 that I made my money, reinvested all dividends and now 3 years later my annual dividend is a 100% return on what I bought most of the stock for. Search ARLP on sharetrader and you'll see I was highlighting it to anyone who would listen.
If It had stayed at $2.80 for longer while I bought more with my dividends then I would be making far more money.
Regarding the other question, no subtle flex intended. It's more a function of what's in this video.
https://www.youtube.com/watch?v=sYC0EaUMn1U&t=20s
Jokes aside though it's about what your expenses are at least as much as the other end of the equation.
I wouldn't say 'retired' I would say 'fired'. Lost my job when the Refinery shut down. Everything I have is from my wage only, no second income or inheritance just lived way below my means for a long time. Girlfriend hasn't worked a paid job for 5 years, lived on a boat for 13 years, not in a marina either, drove a $1800 caldina which I only just upgraded to a $7k car after stalking one for 3 years. And have been bloody lucky investing, Covid fear was a big opportunity for me. I knew my job was gone well before the fact and knuckled down even more for a few years.
If I was forced to I could live off my ARLP dividend alone and have a better life than most everyone else (sailing round living cheap).
I spend a hell of a lot of time on investing, close to a full time job sometimes more. Having around 20 positions (
60% in top 3 before anyone starts), that's 100 reports a year plus 20 call transcripts just to keep up with the very basics let alone investigate anything new. 40 fund letters I read each quarter, I'm currently investigating a potential new 2% position and that will take me 40 hours alone. I'm not one of these guys who can make money off charts so unfortunately have to do it the hard way.
I read 3 to 4 books a Month, learning to fly. Have two yachts, one I'm prepping to sell and the other prepping to sail around NZ this year and a bunch of other stuff, so not retired by any means just don't have time for a paid job. And the other thing worth noting is the tax I would pay from a job is just insane as overseas investments are taxed differently, so my first dollar of wage earnings I'm already paying high rates on.
Investing style hasn't changed at all, one thing that would have me back to work is a real bear market so I could deploy more funds into the abyss.
Most people have all their capital tied up in a house which they think is an investment but is actually a consumption item, then a couple of flash cars, swimming pool, bills and you're Whangarei'd up the Puhoi.
Anyone - particularly a couple, can be financially independent in 15 years without any particular special knowledge. Pretty sure everyone was pretty happy in to 70's and if we live like they did then for a while you don't need to spend much.
Originally Posted by Gunner
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