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Today, 12:37 PM
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#38326 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
Posts: 17,175
Thanked 5,402 Times in 1,979 Posts
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Yeah but there were no low-cost broad market ETFs back then
And $100 would have been my entire year's salary.
And I would have had to travel to the NYSE to buy something in person from a stockbroker
And I probably would have been lynched while travelling there while not being white
And also being -55 years old it would have been hard to buy a ticket in the first place
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Today, 12:40 PM
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#38327 | | Willing to sell body for a few minutes on RS
Join Date: Nov 2002 Location: 604
Posts: 10,188
Thanked 6,081 Times in 2,927 Posts
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Originally Posted by unit  yes and still stupid today | Invest $5000 into a Vanguard fund for your unborn child today. He/she will be able to retire at 55.
__________________
you can quote me on that Quote:
Originally Posted by mikemhg Stay anonymous my friends. | Quote:
Originally Posted by bcrdukes "Hey, bcrdukes is mentally retarded and might grab your wee wee"
I guess now I'm a sex offender. | | |
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Today, 12:48 PM
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#38328 | | 屎忽鬼
Join Date: Oct 2016 Location: Ricemond
Posts: 14,212
Thanked 16,007 Times in 6,078 Posts
Failed 565 Times in 317 Posts
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Invest in Hobz Coin!!! guarantee your money will go to a good cause (me). In return you will feel the immense gratitude of me (thanks bitch!)
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Today, 12:53 PM
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#38329 | | RabidMod
Join Date: Aug 2003 Location: Toronto
Posts: 7,290
Thanked 2,642 Times in 995 Posts
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Originally Posted by supafamous [...] err on the safe side - you do not want to run out of money at age 90. | 
__________________ Geriatric Motoring Club Member #37 Quote:
Originally Posted by EvoFire I need to be reliably within 10-15mins of a baked pork chops rice with lemon tea. | | |
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Today, 12:55 PM
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#38330 | | RS Veteran
Join Date: Dec 2001 Location: Your Location
Posts: 33,624
Thanked 15,206 Times in 6,410 Posts
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Only on this forum when you share historic market data you get a self-reflection essay based on historical context. Fuck my life.
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Stock & Noob Meet 2026 - Stay Tuned! Quote:
Originally Posted by Traum 10/10 would opt for a night with a high end escort instead of splurging it on a 16 hr flight :fuckyea: | | |
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Today, 01:03 PM
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#38331 | | y'all better put some respeck on my name
Join Date: Dec 2002 Location: Vancouver
Posts: 18,902
Thanked 10,254 Times in 2,703 Posts
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I think the sweet spot to retire is around $1.5m. At a 5 to 7% return, 4% rule, zero debt, renting, and having a decent pension, you’re set. That’s why at a certain stage in life it often makes more sense to stay liquid, rent, and live off your portfolio instead of dumping a massive amount of cash into a house, which isn’t automatically a smart financial move.
Once you factor in property tax, maintenance, insurance, transaction costs, and the opportunity cost of not investing that money, real estate doesn’t always come out ahead. I think local real estate might actually underperform over the next decade. And what’s wild is how many locals still refuse to invest in markets at all and just keep dumping money into property because they assume prices only go one way. This lack of diversification is a huge risk, especially in a market this expensive and yield poor.
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Today, 01:07 PM
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#38332 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 9,409
Thanked 4,190 Times in 1,650 Posts
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my plan is try to pay off my house early then retire with whatever i have left if the math works, if not then work a few more years. i know they say dont count on inheritance but thats exactly what i plan to do lol.
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Today, 01:14 PM
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#38333 | | RS Veteran
Join Date: Dec 2001 Location: Your Location
Posts: 33,624
Thanked 15,206 Times in 6,410 Posts
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At least you're being honest! 
__________________
Stock & Noob Meet 2026 - Stay Tuned! Quote:
Originally Posted by Traum 10/10 would opt for a night with a high end escort instead of splurging it on a 16 hr flight :fuckyea: | | |
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Today, 01:21 PM
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#38334 | | RS has made me the bitter person i am today!
Join Date: Mar 2011 Location: Vancouver
Posts: 4,710
Thanked 5,412 Times in 2,181 Posts
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Although inheritance is not part of the forecasting for retirement it's hard not to think about it when both my parents and my wife's parents own property in Vancouver. Even if they run into health issues that require them to sell their homes to pay for private care my wife and I are still looking at $1m+ inheritance.
My brother thinks of it as money that will go to the grandkids instead as we both have enough that we don't need it BUT that kind of money moves me into biz class and flying biz class on long haul flights sounds REALLY AWESOME.
__________________
Current: 2019 Acura RDX
Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5
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Today, 01:34 PM
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#38335 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 9,409
Thanked 4,190 Times in 1,650 Posts
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im too poor to think abt first class even if i come into money. dropping 10k for a flight that's normally 1.5k just doesnt compute to me. sure i'll pay the $500 to pick the best economy seat on the plane, but that's about as far as i'd ever go lol.
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Today, 01:39 PM
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#38336 | | 屎忽鬼
Join Date: Oct 2016 Location: Ricemond
Posts: 14,212
Thanked 16,007 Times in 6,078 Posts
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yah yah dont knock it till you try it. ever since we started flying biznaz to hong kong i cant even go back to peon class. like physically unable to do.... ill shit my pants or go berserker rampage.
some things you can do without, like a fancy car, but your sanity is worth the 10k if it means you dont have to deal with the majority of human scum in scum class. At least do premium econ, its way more civilized as that section of the airplane is small enough that its still a much better experience than the cesspool of economy.
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Today, 01:42 PM
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#38337 | | RS Veteran
Join Date: Dec 2001 Location: Your Location
Posts: 33,624
Thanked 15,206 Times in 6,410 Posts
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I think if you are strategic on which carrier and age of fleet you select, some of the economy class flights are not bad. I've lucked out on my flights to Asia on EVA, United, and China Airlines. I think I have enough self control to not shit my pants and go berserker rampage. 
__________________
Stock & Noob Meet 2026 - Stay Tuned! Quote:
Originally Posted by Traum 10/10 would opt for a night with a high end escort instead of splurging it on a 16 hr flight :fuckyea: | | |
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Today, 01:44 PM
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#38338 | | 屎忽鬼
Join Date: Oct 2016 Location: Ricemond
Posts: 14,212
Thanked 16,007 Times in 6,078 Posts
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thats you! you try flying with a midget spy balloon. she'll blow the fuck up if not pampered.
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Today, 01:49 PM
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#38339 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
Posts: 17,175
Thanked 5,402 Times in 1,979 Posts
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I dunno, even if I was rich the value proposition just isn't there
10k for a flight that lasts 12-16 hours tops
or you can get 10 nights at a 5 star hotel where you can actually get pampered.
or a night with a high end escort if that floats your boat.
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Today, 01:53 PM
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#38340 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 9,409
Thanked 4,190 Times in 1,650 Posts
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Originally Posted by Badhobz yah yah dont knock it till you try it. ever since we started flying biznaz to hong kong i cant even go back to peon class. like physically unable to do.... ill shit my pants or go berserker rampage.
some things you can do without, like a fancy car, but your sanity is worth the 10k if it means you dont have to deal with the majority of human scum in scum class. At least do premium econ, its way more civilized as that section of the airplane is small enough that its still a much better experience than the cesspool of economy. | im ok with not having sanity for 10 hours to save 8k haha..
we just upgraded to the exit row seats on our flight to tw and it was $250 per person each way, was totally worth it.
we sat at the front of the section right next to where they prepare the food, got to stare at the cute attendants all flight, and no bathroom in that area. stretched our legs out as far as they could go.. it was great.
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Today, 02:00 PM
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#38341 | | in the butt
Join Date: Aug 2016
Posts: 3,464
Thanked 4,686 Times in 1,667 Posts
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Im with unit and civicblues
Paying 3-6x your flight cost, to relax for 8-16hrs is insane
The exit row solution is best money spent
Theres endless better ways to spend 4k
New couch every year
Dont work for an extra 1-4 weeks per year and not feel guilty
4 more track days
70 more restaurant dinners throughout the year
List is literally endless
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by BIC_BAWS
Donk already looks like he's on fent
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Last edited by donk.; Today at 02:07 PM.
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Today, 02:01 PM
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#38342 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Aug 2007 Location: Paradise, BC
Posts: 8,269
Thanked 8,066 Times in 3,342 Posts
Failed 260 Times in 146 Posts
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Originally Posted by CivicBlues I dunno, even if I was rich the value proposition just isn't there
10k for a flight that lasts 12-16 hours tops
or you can get 10 nights at a 5 star hotel where you can actually get pampered.
or a night with a high end escort if that floats your boat. | 10/10 would opt for a night with a high end escort instead of splurging it on a 16 hr flight 
__________________ Quote:
Originally Posted by westopher The whole world has gone down a road no one can recover from, and it's nothing to do with governments, it's because so much of the general public is so fucking stupid. | | |
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Today, 02:02 PM
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#38343 | | HELP ME PLS!!!
Join Date: Jul 2006 Location: Vancouver
Posts: 5,915
Thanked 3,735 Times in 1,585 Posts
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Y'all doing it wrong. I used 220k AP to pay for 2x RT ANA business class flights to Japan and back.
That's roughly 10K in value, all from credit card sign up bonuses.
__________________ Quote:
Originally Posted by PeanutButter Damn, not only is yours veiny AF, yours is thick AF too. Yours is twice as thick as mine.. That looks like a 2" or maybe even 3"? | | |
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Today, 02:02 PM
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#38344 | | Hypa owned my ass at least once
Join Date: Apr 2014 Location: Van
Posts: 6,597
Thanked 2,679 Times in 1,451 Posts
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I don't believe in toning down when you get older, it's not like all of a sudden at age 75 you're spending $200000 a year. Even on a $1.5m portfolio, even if it drops 30% you have a million. Either let it recover ride it out, money is going to beneficiary anyways
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Today, 02:06 PM
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#38345 | | RS Veteran
Join Date: Dec 2001 Location: Your Location
Posts: 33,624
Thanked 15,206 Times in 6,410 Posts
Failed 550 Times in 370 Posts
| Quote:
Originally Posted by Traum 10/10 would opt for a night with a high end escort instead of splurging it on a 16 hr flight | Quoted and sig'd
__________________
Stock & Noob Meet 2026 - Stay Tuned! Quote:
Originally Posted by Traum 10/10 would opt for a night with a high end escort instead of splurging it on a 16 hr flight :fuckyea: | | |
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Today, 02:08 PM
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#38346 | | in the butt
Join Date: Aug 2016
Posts: 3,464
Thanked 4,686 Times in 1,667 Posts
Failed 217 Times in 120 Posts
| Quote:
Originally Posted by Traum 10/10 would opt for a night with a high end escort instead of splurging it on a 16 hr flight | You can get 100 of them in ladyboy land for that 4k......
__________________ Quote:
Originally Posted by Mr.Money
i hate people who sound like they smoke meth then pretend like they matter.
Originally Posted by ilovebacon
Does anyone have a pair of 25 pounds one-inch hole for sale at a reasonable price?
Originally Posted by BIC_BAWS
Donk already looks like he's on fent
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Today, 02:10 PM
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#38347 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
Posts: 17,175
Thanked 5,402 Times in 1,979 Posts
Failed 156 Times in 93 Posts
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Originally Posted by Traum 10/10 would opt for a night with a high end escort instead of splurging it on a 16 hr flight | who else read that as splooging?  | |
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Today, 02:20 PM
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#38348 | | Rs has made me the woman i am today!
Join Date: Apr 2001 Location: Burn-A-Bee
Posts: 4,053
Thanked 493 Times in 220 Posts
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According to that WealthSimple retirement calculator, I can easily retire at age 55 by just saving an extra $19K per month.
Easy peazy.
__________________ Never argue with a dumbass, they drag you down to their level and try to beat you with experience My Feedback
Blah™
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Today, 02:37 PM
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#38349 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
Posts: 17,175
Thanked 5,402 Times in 1,979 Posts
Failed 156 Times in 93 Posts
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Originally Posted by Badhobz thats you! you try flying with a midget spy balloon. she'll blow the fuck up if not pampered. | Don't you hate it when that happens? https://www.instagram.com/pudgypengu...BMWDa9_/?hl=en | |
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Today, 02:45 PM
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#38350 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
Posts: 17,175
Thanked 5,402 Times in 1,979 Posts
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Speaking of Wealthsimple, what do you guys think of the new home giveaway? https://www.wealthsimple.com/en-ca/h...away-vancouver
Dunno if I wanna live in Lions Bay with a bunch of elderly NIMBYs, but sure beats moving out to buttfuck Ontario where their last home giveaway was.
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