Easiest way to Stay Long Term? (for 35 yr old)
Re: Easiest way to Stay Long Term? (for 35 yr old)
What if the market for cryptos perishes over the next decades?CloudWarrior wrote: ↑Tue Sep 07, 2021 10:48 pm I plan on going next year, when the crypto cycle is higher and I've partially cashed out so I can survive a 1 to 5 year bear market.
-
- Expatriate
- Posts: 141
- Joined: Wed Sep 13, 2017 2:17 pm
- Reputation: 74
Re: Easiest way to Stay Long Term? (for 35 yr old)
lol, some of you sound quite salty about a 30 something retiring. Yes, some people can and want to retire in their 30s.
I simply didn't get into debt when I was in my 20s, and invested half my paycheck in the stock market every month. You do that for 10 years then you can retire.
I simply didn't get into debt when I was in my 20s, and invested half my paycheck in the stock market every month. You do that for 10 years then you can retire.
- SternAAlbifrons
- Expatriate
- Posts: 5752
- Joined: Sat Mar 23, 2019 11:31 am
- Reputation: 3424
- Location: Gilligan's Island
Re: Easiest way to Stay Long Term? (for 35 yr old)
Kammekor wrote: ↑Tue Sep 07, 2021 10:58 pmGOD.CloudWarrior wrote: ↑Tue Sep 07, 2021 10:48 pm I was able to accurately know when BTC was at the top and bottom of it's cycles.
DO NOT invest with this man!!!!
(but good luck to you, Cloud 9, regardless)
-
- Tourist
- Posts: 6
- Joined: Mon Sep 06, 2021 9:36 pm
- Reputation: 6
Re: Easiest way to Stay Long Term? (for 35 yr old)
True. I was just talking about before I got into crypto or learned about investing, being able to spot the 2017 top and 2018 bottom. My approach now is to estimate the likely maximum duration of a bear market based on a number of changing factors, should it start at any point in the cycle and have enough cash on hand to live through one, should it occur. So it's a lot less focused on exact timing, the cash is to ride out not perfectly predictable market cycles when they occur.Kammekor wrote: ↑Tue Sep 07, 2021 10:58 pmI think you're wearing pink painted glasses now, and are overestimating yourself. Anyone able to constant predict tops and bottoms of markets is nothing less than GOD. Your experience with BTC over the last few years has no predictive value at all for the next decade. No matter what you believe.CloudWarrior wrote: ↑Tue Sep 07, 2021 10:48 pm I was able to accurately know when BTC was at the top and bottom of it's cycles.
Making (serious) money in Bitcoin over the last two years has been a very, VERY easy ride, even I managed to do so (a bit).
But you make a good point and I will definitely gain some other skills, and get something else going as backup/fail safe.
Last edited by CloudWarrior on Tue Sep 07, 2021 11:17 pm, edited 1 time in total.
-
- Tourist
- Posts: 6
- Joined: Mon Sep 06, 2021 9:36 pm
- Reputation: 6
Re: Easiest way to Stay Long Term? (for 35 yr old)
Thanks! Yah. I'd rather enjoy life in my 30s, than retire when I'm old.Khmer_Risotto wrote: ↑Tue Sep 07, 2021 11:03 pm lol, some of you sound quite salty about a 30 something retiring. Yes, some people can and want to retire in their 30s.
I simply didn't get into debt when I was in my 20s, and invested half my paycheck in the stock market every month. You do that for 10 years then you can retire.
I was 70K in debt after college in my 20s but lived cheap and clawed my way out. It was brutal but I'm pretty sure I could bounce back from anything.
- truffledog
- Expatriate
- Posts: 1662
- Joined: Sat Mar 07, 2020 4:54 am
- Reputation: 1030
Re: Easiest way to Stay Long Term? (for 35 yr old)
400 K is enough to retire (assuming age of about 60) if you are on you own (no wife, no kids, no elderly at home to care for) in most SEA countries. The key is the number of bad habits that you may or may not have.
at the age of 35 you will need to invest your money wisely and produce a return..not too difficult IMHO.
work is for people who cant find truffles
-
- Tourist
- Posts: 6
- Joined: Mon Sep 06, 2021 9:36 pm
- Reputation: 6
Re: Easiest way to Stay Long Term? (for 35 yr old)
It's very unlikely. Smart contracts reduce risk and lower cost as they cannibalize existing sectors of the economy. International trade, insurance, and bonds for example. Smart contracts need a crypto currency to power them, such as Ethereum and rely on other crypto currencies for specific operations.Kammekor wrote: ↑Tue Sep 07, 2021 11:01 pmWhat if the market for cryptos perishes over the next decades?CloudWarrior wrote: ↑Tue Sep 07, 2021 10:48 pm I plan on going next year, when the crypto cycle is higher and I've partially cashed out so I can survive a 1 to 5 year bear market.
But as far as a temporary bear market...
Bear markets in the past have lasted over a decade, but everything has accelerated now. There's too much automation and publicly available knowledge and analysis on trading for a bear market to last more than about five years. The 2007 stock market bear market recovered in about 5 years for example. Compare that to a 1970 bear market that lasted about 18 years, or go back even further to a the 1910 bear/side ways market that lasted 50 years. As communication speed increases, telegraph, phone lines, internet, you-tube and market analysis proliferation, automated stock trade copying, publicly available fear and greed indices, learning algorithm based trading, even better learning algorithm based trading, etc. the bear markets shorten in duration.
Financial systems are objectively speeding up over time. There is a risk of an outlier event but there's always some risk life, and different people are comfortable taking different amounts of risk.
- SternAAlbifrons
- Expatriate
- Posts: 5752
- Joined: Sat Mar 23, 2019 11:31 am
- Reputation: 3424
- Location: Gilligan's Island
Re: Easiest way to Stay Long Term? (for 35 yr old)
Go hard, do what you think you are good at.
As long as you spread your risk - including burying 50% of it in coffee jars around your Mum's back yard.
(ps, welcome to CEO, brother)
As long as you spread your risk - including burying 50% of it in coffee jars around your Mum's back yard.
(ps, welcome to CEO, brother)
-
- Expatriate
- Posts: 776
- Joined: Mon Oct 09, 2017 11:56 pm
- Reputation: 571
Re: Easiest way to Stay Long Term? (for 35 yr old)
It’s technically possible, I just think OP may be kidding themselves if they think they’d be happy living that lifestyle and staying single for the next 4-6 decades.barang_TK wrote: ↑Tue Sep 07, 2021 7:35 pm With 400k$ (4 millions then ), you guys think it's not possible to retire at 35 ? I suppose the OP who wrote he lives cheap is not going to live in an expensive condo in PP center. He can find everywhere in the kingdom a piece of land, build a nice house and plant some trees behind (like a hundred durians trees behind the house on a one hectare field). Even not too far from an expat city if he wants to meet fellows on weekends.
You can live easily in the countryside with 500$/month !
-
- Expatriate
- Posts: 141
- Joined: Wed Sep 13, 2017 2:17 pm
- Reputation: 74
Re: Easiest way to Stay Long Term? (for 35 yr old)
Generally, people that are able to retire in their 30s are decent investors. That 400K isn't going just sit idly in a saving account. It will grow through investments, and in a few years he will probably have a lot more than 400k, even with paying for living expenses. So his net worth will out pace inflation and what he can afford will go up.nerdlinger wrote: ↑Wed Sep 08, 2021 2:00 amIt’s technically possible, I just think OP may be kidding themselves if they think they’d be happy living that lifestyle and staying single for the next 4-6 decades.barang_TK wrote: ↑Tue Sep 07, 2021 7:35 pm With 400k$ (4 millions then ), you guys think it's not possible to retire at 35 ? I suppose the OP who wrote he lives cheap is not going to live in an expensive condo in PP center. He can find everywhere in the kingdom a piece of land, build a nice house and plant some trees behind (like a hundred durians trees behind the house on a one hectare field). Even not too far from an expat city if he wants to meet fellows on weekends.
You can live easily in the countryside with 500$/month !
-
- Similar Topics
- Replies
- Views
- Last post
-
- 3 Replies
- 1350 Views
-
Last post by rogerrabbit
-
- 26 Replies
- 5040 Views
-
Last post by PSD-Kiwi
-
- 4 Replies
- 1982 Views
-
Last post by sigmoid
-
- 33 Replies
- 8334 Views
-
Last post by armchairlawyer
-
- 3 Replies
- 1992 Views
-
Last post by Cowshed Cowboy
-
- 21 Replies
- 9808 Views
-
Last post by pissontheroof
-
- 8 Replies
- 1399 Views
-
Last post by Tootsfriend
Who is online
Users browsing this forum: Amazon [Bot], cautious colin and 568 guests