Early Retirement Extreme Forums

hey Alex, I've logged back on after a long hiatus. I've actually mostly given up on active investing, I do just enough to keep me entertained and even then it is very small. I tried to focus on companies within my industry but even then I quickly got over my head. At the end of the day it is just e...

If the results and payoff are a linear function of the effort, you don't need passion. Especially when it comes to work that demands mental creativity, the payout is an exponential function. There are some possibly apocryphal research that the most productive programmers are up 100x as productive a...

"Follow your passion" is standard career advice in Denmark (and I presume the rest of Scandinavia). Self-delusion becomes much easier if everybody else is deluded too. I always suspected that the advice was because it's possible to graduate more students if they study something they're ac...

made all my money from being a data analyst. it's a super chill job and so easy I was able to do two jobs at once which caused my to reach FI so much quicker. For me I just learned SQL online, started a fake consulting company for experience and then got a tableau certification. There are a 10k ana...

If you'd have an ending balance of 100k, you don't have a balance of 100k >25 years before that. So to compare apples to apples, I would compare what the ending balance of the pension will be versus what the conversion of its current value would grow to in the same amount of time in your 401k. I as...

@ertyu I'd go with the first one. When starting in this profession...look for generalized skills that can be applicable just about everywhere like SQL or Python. It looks to me like the "Google Data Analytics Professional Certificate" provides that generalized basis. And also gives your r...

I have a defined benefit pension plan that pays a percentage of the ending balance as an annuity at age 60 onwards. e.g if taken from age 60 onward the total final balance is divided by 12, if taken at 65 the final balance is divided by 10 For example an ending balance of 100k would pay around 8.3k/...

Or are you better off sticking to indexing, knowing the odds of beating the index are very low.

This seems to be the current 'hype' business as I have been seeing a lot of people promoting it on youtube and twitter. 'How I made millions buying some old storage units' usually they talk about how they bought a managed one and turned it into a self storage. Probably a good reason to stay away wit...

Is data analyst a good career? anyone able to share their thoughts/ experiences? Is it possible to get into without a degree?

So if I'm understanding correctly, you are essentially asking if active investing makes sense? Of course the tongue in cheek answer is "yes, but only if you can generate Alpha." You can make allocation decisions based on all sorts of models, but I would first clearly define what your stra...

If you stick with an allocation without changing it in response to external economic circumstances it is best to choose large cap/total stock market. This is because of how the US retirement system currently works. As long as there are no changes to the retirement system, there will be somewhat pre...

I think tilting was probably the wrong word, I was more talking about an allocation towards say SCV and keeping that allocation as opposed to changing the allocation depending on other factors, although that is also an option.

Anyone that has been keeping track of their annualized returns for 10+ years? Even if you buy/ hold index funds its possible your returns will be more or less than the benchmark due to varying reasons. I think anything less than 10+ years is just noise though, 10 is probably still too short if anyth...

Couldn't really word the title right, but is tilting such as small cap, small cap value (SCV), mid cap or mid cap value (MCV) etc ever a good idea? SVC and MCV have outperformed previously, though who knows if this will continue, the reasons SCV outperformed seem to make sense to me.

I have noticed a lot of books now containing 'filler' material, same again with a lot of blog posts and youtube videos etc that could be shortened down to a couple of key points. They are paid more to make them longer so instead of getting to the point the incentive is to drag it out. How do you avo...

Third @zbigi - work in boring non-tech software dev jobs. I'm actually getting more messages now from recruiters than at start of year. I only make 120k /year so not very well paid compared to Google engineers but I assure you my job is also way less stressful with less hours and more time off. 120...

I know some people that try to be 100% efficient/ productive - working/ learning etc. But I don't really think that's achievable, even people that claim to work 100 hours a week (Musk etc) seems unrealistic to me - they might be counting business lunches and travel as working. But how efficient can ...

I'm a wanna be value investor, I mostly think it is good fun and massive learning opportunity. I just recently got into picking individual stocks, I was too afraid before our liquid assets got to ~10x living expenses and the mortgage was paid off. Right now I am actively investing about 5% of inves...

Seconding @zbigi. Maybe some of the inflated, techy software jobs might see a burst, but all the "boring", non-tech software jobs seem just as ridiculous as always. I still get called be recruiters daily, and I work in the "boring" side of software development (billing and tax s...