Are you a FIRE investor? Financial Independence Retire Early. Our own NZ Mr Money Mustache.
MMM is interesting. Been following him on and off for many years now. Don't think I have his discipline in me (I mean a beer at the pub with the boys is worth more than $ it costs) but the general concepts are good and many more could do something like that in their lives.
Yes good concepts. I don't have that discipline either. I just stick to a 4 per cent rule (actually 3.5 per cent) and adjust for inflation. I never go over budget. 4 per cent rule good for 30 years. 3.5 per cent good for 40 years.
MMM is interesting. Been following him on and off for many years now. Don't think I have his discipline in me (I mean a beer at the pub with the boys is worth more than $ it costs) but the general concepts are good and many more could do something like that in their lives.
One of the issues I've always seen with the MMM type prescription is going without so much early for gain later - too many people die before they get to later.
I also have a problem with the 'live now and leave later to later' method.
A bit of balance is needed I think.
After Powell statement and 25pips increase with sounding done and also acknowledging rates have started to work ....US 10 Y made new recent low of almost 3.337 ...with our resultant NZ 10Y following ....I am sure Growth stocks p/e expansion time has truly arrived with Nasdaq our performing Dow day after day
Good times are back ...will they stay or keep faltering ....it's getting clear to majority market participants that we have better chance with buying the dips now ...which can still get many ...2023 much better then 2022 for stocks at least ...Bonds are actually have more fun at the moment
Yes good concepts. I don't have that discipline either. I just stick to a 4 per cent rule (actually 3.5 per cent) and adjust for inflation. I never go over budget. 4 per cent rule good for 30 years. 3.5 per cent good for 40 years.
My problem is I am addicted to accumulating, spending brings me out in a rash. Although inflation is taking my 4% recently
After Powell statement and 25pips increase with sounding done and also acknowledging rates have started to work ....US 10 Y made new recent low of almost 3.337 ...with our resultant NZ 10Y following ....I am sure Growth stocks p/e expansion time has truly arrived with Nasdaq our performing Dow day after day
Good times are back ...will they stay or keep faltering ....it's getting clear to majority market participants that we have better chance with buying the dips now ...which can still get many ...2023 much better then 2022 for stocks at least ...Bonds are actually have more fun at the moment
nasdaq playing catch up now as people rotate from industrials and powell giving his blessing.
DJT nearing all time highs too now
so in hindsight of last yr rising rates was just a story impacting nasdaq and by association sp500 and overseas markets for maybe half yr.
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