Five Years, Lord Willing

Where are you and where are you going?
Jason
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Re: Five Years, Lord Willing

Post by Jason »

After much deliberation, I decided not to click on "Drinking Laxatives and Super Gluing My Butthole Shut." I believe its best to do so when I am in assisted living in order that I can use the old man "That asshole Peabody went on my computer again" excuse. I just hope I remember that I want to see it. And that I still have my eyesight. Thinking upon this has made me realize just how fragile life really is. But I have matured enough to delay gratification. Thank you for all those who have brought me to this point.

I have more money than I had last month but less time to live, so its kind of bittersweet.

Jason
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Re: Five Years, Lord Willing

Post by Jason »

The recent index funds threads got me thinking. I have been operating on the "its better to be a good saver than investor" hypothesis which, as I think about it, really translates to "its better to be a good saver than a bad investor." The question overlooked in this proposition is "is it possible to become a better investor?" I have come to the conclusion that as most things in life, it is and evidence indicates I have become a better investor, even though I continue to operate out of the implied "bad investor" status of the "its better to be a good save than investor" proposition.

Using our invested assets as a basis, based on a 5.4% return rate, if we continue to add 1K each month over the next 15 years, we will have approximately the same amount of money ($1.2 million) if we invested $0 per month but achieved a 7% return.

Reflecting on JLF's "Man thinks" proposition, this is a reality worthy of serious contemplation. The question is, could I think about all the dimensions of investing i.e. stock research, behavioral research, trends research obtain a 1.5% better return as opposed to all that is required (essentially work) to earn 1K a month to invest.

I have come to realize how much the mantras of the retail investing world has permeated my thinking and have taken some baby steps to move towards taking some steps to increase better returns. It's a move that will require gradual steps, but at least it provides some direction.

Jason
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Re: Five Years, Lord Willing

Post by Jason »

We have reached a milestone - $500K in money. I briefly considered buying the guy in The Guardian who gives 75% of his money away a new set of curtains but I'm afraid they'll want to take our picture together in front of the new curtains but as I am someone who doesn't like to to draw any attention to myself I'll have to think of some other type of charitable donation. Any ways, it might be short lived as its by the skin of of the stock market's teeth, so I need a bigger buffer before I give any on it away. In celebration, my wife and I gave each other one heartfelt and emphatic finger. We have more work to do before we can double barrel each other. I like to think it has something to do with my new investment strategy, but as MI said I need to vector to prove it. Speaking of MI, I wonder how his Jungle FevERE is going.

If one has engaged in any type of concerted effort at frugality, not having money sucks way more than having money benefits. It's not that it doesn't matter, it's just that if you are not spending it, in a material sense, it is really a process of subtraction of shitty things i.e. bill collectors, having to ask people for money, untenable living arrangements, as opposed to an addition of better things - nicer car, bigger house. Having money is a moat against the indignity of not having money. Other than that, if one is not looking to accumulate things or status, its not much beyond that. I guess you can do other things. Who knows. I don't really like doing things. Come to think of it, I really haven't done anything. Maybe I can address that after I take a nap.

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fiby41
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Re: Five Years, Lord Willing

Post by fiby41 »

Congrats on reaching the half a million mark!

Jason
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Re: Five Years, Lord Willing

Post by Jason »

Thank you. I appreciate it.

steveo73
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Re: Five Years, Lord Willing

Post by steveo73 »

Jason wrote:
Sun Nov 10, 2019 2:00 pm
Having money is a moat against the indignity of not having money. Other than that, if one is not looking to accumulate things or status, its not much beyond that.
This is a very good point. Not having money sucks. At some point though increasing money doesn't really give you a lot of value apart from being able to do what you want within reason with your time. If it is just for accumulating stuff or having experiences I don't think it increases your happiness that much.

Congrats on the $500k. That is a lot of money.

Jason
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Re: Five Years, Lord Willing

Post by Jason »

In this day and age comparing net worth is a parlor game. On mainstream financial websites $500K is "modest" and as far as retirement goes, not enough. I know its a different mindset here. Where I live and work, I would probably considered behind the curve. There are people on this website who have much more. You can always compare yourself to people have both more and less. That's why I like the thermostat vs. temperature analogy. I think most people don't know what a lot of money is because they have never decided the issue for themselves.

Edit: The other thing is I'm older than most people here. Compound interest has a way of making people look smarter than they really are.

J_
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Re: Five Years, Lord Willing

Post by J_ »

You are doing well Jason! And you are a boon to the forum with your language virtuosity. Although... never mind.

Cheepnis
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Re: Five Years, Lord Willing

Post by Cheepnis »

I haven't read your entire journal, but if you've been saving as much as you stated in your first post you must have either eliminated or significantly reduced your mortgage in that time as well, correct? 500k and a paid off house maybe graduates you from a shit-ton of money to an ass-load of money.

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Dream of Freedom
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Re: Five Years, Lord Willing

Post by Dream of Freedom »

Jason wrote:
Mon Jan 30, 2017 9:49 am
I want to be done in five years. I believe that with 500K, a paid off house and SS and this pension, we can retire somewhere in America. Where is the question.
We have reached a milestone - $500K in money.

Jason
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Re: Five Years, Lord Willing

Post by Jason »

The balance of a mortgage stands at slightly under a buck and a half. We have knocked 25% off in three years. The question I have to work out with the SS is that I can't collect for another 8 years. So one out of the four streams is not flowing immediately. I know there has been a lot of debate on the 4% rule but I'm using 4%.

7Wannabe5
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Re: Five Years, Lord Willing

Post by 7Wannabe5 »

Congratulations!

Not wanting to make a tangle of threads, but do you think that your core metaphysics might have something to do with your perspective that money primarily provides freedom from suffering rather than, perhaps, towards joy?

One of my guilty pleasures is watching talent show audition videos. Doesn't your growing financial independence make you feel just a bit like this?

https://www.youtube.com/watch?v=Ej04VAktzyE

Jason
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Re: Five Years, Lord Willing

Post by Jason »

Thank you.

In answer to your question, no. It means that either because of disposition, personality, upbringing, life experience or combination thereof, I tend towards pessimism and despair. Although I am addressing it. I don't think a correlation between worldviews and personality characteristics can be made. Although from experience, the Buddhists I have known, they seem to be the ones most free of from general assholishiness and inclined towards selflessness even though I don't agree with them. Maybe its all the mediation.

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fiby41
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Re: Five Years, Lord Willing

Post by fiby41 »

You may be privately a pessimist but as a money manager you maybe an optimist
Last edited by fiby41 on Tue Nov 12, 2019 10:13 am, edited 1 time in total.

7Wannabe5
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Re: Five Years, Lord Willing

Post by 7Wannabe5 »

Gotcha. Maybe you haven't met enough Buddhists? I've knocked boots with one or two and they can exhibit their own flavor of assholery too. IME, what I will call for lack of a better phrase, New Agey Christians exhibit the fewest superficial asshole-like behaviors. On one occasion I attended an early morning book sale attended by a lot of other dealers in a large space where two lines were forming. The other line was for members of a New Age Christian congregation and you could instantly determine which line an individual was going to join by presence or lack of benign smile on face. Although, it just occurred to me, that because I am definitely on the cheerful, benign looking side for a used book dealer, it might have been even money on me if I had been dressed less grubby.

7Wannabe5
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Re: Five Years, Lord Willing

Post by 7Wannabe5 »

Maybe it is your environment? I think you live someplace like Newark? Maybe if you went and visited the Animal in Alaska you might feel better.

Jason
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Re: Five Years, Lord Willing

Post by Jason »

@Fiby41

My therapist and I talk about the fact that some things are impossible without a degree of optimism. I could see investing falling under that description- it involves planning for a future, the assumption of growth etc. So yes, I am at times an optimist in pessimist's clothing.

@7W5 - The Animal would surely kick me and my frozen mainland scrotum out of his bi-plane after I shoot my own foot instead of our kill and shit turns all Beowulf after I piss into some Eskimo C'hieftains ice fishing hole. I don't live in the hood, but I'd have a better chance of survival there than in the frozen tundra. I mean I can barely shovel my own fucking car out.

theanimal
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Re: Five Years, Lord Willing

Post by theanimal »

And here I was ready to give you a discount on a ticket with Big Love Airlines.

Jason
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Re: Five Years, Lord Willing

Post by Jason »

lol@ well, in that case, let's Northern Exposure this shit

Jason
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Re: Five Years, Lord Willing

Post by Jason »

I went for my annual physical. Before the physical I met with the nurse practitioner to provide blood and urine sample. When I came back with my dixie cup of pee, she exchanged it for a freezer size storage bag that said "Toxic" on it. I said "You have to be bleeping me." She said "You have reached the age where its suggested." I said "Funny, I thought I reached the age where I no longer have to give a bleep." She said "No, its actually the opposite." I said "I have lived long enough to realize this whole life is precious nonsense is simply not true. If this is necessary to live longer, I chose not to." She said "Bring the bag back when you come for your physical. If you have any questions, call." I thought "Wow, someone encouraging me to talk shit."

For two weeks I stared at the shit bag. It sat on my wife's piano. I realized that for the rest of my life, there will be a day worse than April 15, namely "sample my own shit day." The night of the physical, I opened the shit bag, read the instructions and realized this was a five part process of pure fucking indignation and a dexterity I was not certain I possessed. Suddenly, my bowels clenched tighter than JLF's fist around his first dollar bill. I couldn't do it. It was like I literally could not give a shit to save my own life. When I arrived at the doctor's office without my homework, the receptionist was not surprised as she must have realized I was not the type of person who could do something of this nature. I said I'll do it next time. Upshot, I am in good health with the exception of high cholesterol to the point that it appears I can no longer go to McDonald's. Not only do I have sample my own shit once a year, but I cannot comfort myself with a Big Mac afterwards. It was like my own 9/11. My life as I have known it, is over.

We have eclipsed $600K net worth. Thanksgiving was just the two of us. I was thankful for many things, not the least that there are six months before I have to think about sampling my own shit again.

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