Early Retirement Extreme Forums

Yes, the data above is U.S. centric. Although interestingly enough, it seems that broadly this inflation trend was similar in Europe during the past couple centuries:

Amazingly enough, the Nineteenth century was a period of deflation, rather than inflation. From the end of the Napoleonic Wars in ...

Getting back to the premise of whether things are getting more expensive relatively to history, the answer is yes. However, it wasn't always this way. We used to have a hard money standard and inflation was low/stable:

https://nostr.build/i ...

October 2018 Recap

Savings

Savings rate at 45%. Noticing a definite increase in our grocery budget for convenience foods with my wife going back to school at night. Short-term additional expenses for a longer term payout.

Active Investing

Volatility strategies flat as there were plenty of ...

September 2018 Recap

Bit delayed getting this one out.

Savings

Savings rate 51%, so a bit more normal.

Active Investing

Volatility strategies up 0.5%, directional strategies up 2%, and delta neutral strategies up 0.5%.

Fitness

Continued need to reduce my caloric intake from beer ...

August 2018 Recap

Savings

Savings rate continues to be a bit lower than I'd like - 36% due to a very large payment to Sacramento State University (my wife is going back for her Masters in Education). Good news is that this short-term expense is likely to have a long-term positive expectancy ...

So how can we each use our unique skills and passions to impact average Joe consumers? There are potentially millions of different ways. We really need to use all the tricks of psychology, marketing, politics, and capitalism possible.

So, who else wants to produce products/services/entertainment ...

June 2018 Recap

Savings

Savings rate dipped to about 45% this month. Primary reason is due to purchase lumber for a deck I'm planning to build in July.

Active Investing

Down 5% on the active account this month as I unwound the remainder of my short vol position upon US/international trade ...

yantob wrote: ↑

Thu Jul 05, 2018 4:07 pm

Inspiring

Thanks, it's definitely been a journey to get here. I think the two key things that are necessary are 1) Finding someone who understands the industry to learn from, and 2) actually being interested enough to persist through many failures.

(3) No! The success rate for professionals is 10% and it takes 1-2 years of 24/7 focus to try before you start breaking even (and that's if you're in the 10%). This is a high risk move. 90% lose their "tuition money" ... (by paying it to the older 10%).


As one of the 1% of retail traders making ...

Active Investing Philosophy

I’ve been an active part-time investor for approximately 15 years. During that time I’ve had the good fortune of being mentored by three talented professionals: a former Corn pit trader, a futures spread trader, and former hedge fund manager. I’ve never worked in the ...

Net Worth/SWR

I only consider liquid net worth in our calculations. Our house is on a 15 year loan and we should have it paid off by the time we are FI.

You'll notice there is an active account and passive account. Investing has been one of my hobbies and is both a hedge against the passive ...

Expenses

Currently at $38,316 on annual expenses for 2 adults and one toddler. We are at 1.82 Jacobs if you consider a toddler a full person. Approximately 2/3 of that are necessities with the remaining discretionary. Our largest costs are:

Mortgage Int/Ins/tax: $664
Groceries: $431
Healthcare ...

Seeking Happiness

Certainly not a unique goal. I would guess most people seek to be happy. But what does that even mean? For most of my life I followed the "American Dream": 1) work hard, 2) dream about buying the next thing, 3) buy it, 4) regret it, 5) repeat.

Back in college a good friend of ...

I had no issues setting up a Roth IRA with TD Ameritrade (Think-or-swim). Very easy setup and options friendly. You just have to fill out a short questionnaire and confirm you have experience trading options (Tier III).

As a former Certified Asbestos Consultant, my recommendation is that as long as you aren't disturbing the asbestos and it is: 1) intact, or 2) encapsulated you should be fine. The suggestion that Riggerjack provided above of using some pooky or other sealant to repair the damaged portions is ...

Interesting article. Most of the successful independent traders I know (a small handful of the thousands of retail traders I've met) have a few things in common: 1) a former career that paid well, 2) a big bank roll, 3) patience to deal with the dry spells. Also day trading has been dead for nearly ...

As Jacob alluded to, the professional traders use Java or C# (because of the need for speed), research in R, Python, or combination of the two.

Tradestation's Easy Language is what is called a 4th generation language (derived from Pascal) and while it is essentially like scripting, there are a ...

Wow, that is super helpful! Thanks.

Bubbles tend to go on longer than most people think. The same will be the case with ZIRP. Eventually the macro fundamentals will assert themselves on global economies and force a different policy from central banks; however, until that time the markets will continue to grind higher fueled by ...

Regarding brokerages its possible to have a full service broker who you only call (no getting online for you). However, the reality is that even if you only ever place trades to the pits (where that's even possible) these days at some point your order becomes electronic and is subject to all the ...