Search found 5 matches

by ohit1
Fri Jul 31, 2020 9:22 am
Forum: Personal Investments
Topic: 28 year old with $1.4 million in cash investing for the first time. My thoughts.
Replies: 72
Views: 10287

Re: 28 year old with $1.4 million in cash investing for the first time. My thoughts.

OP is 28. What is he going to do at 58 after withdrawing 4%? Good point. Drop the SWA to 3% or even 2% ? It could provide a good framework where: * cash is invested and not sitting in cash. * create a lifestyle within a clear monthly/annual income (the set/known % from the investments) * opportunit...
by ohit1
Fri Jul 31, 2020 1:15 am
Forum: Personal Investments
Topic: 28 year old with $1.4 million in cash investing for the first time. My thoughts.
Replies: 72
Views: 10287

Re: 28 year old with $1.4 million in cash investing for the first time. My thoughts.

A Safe Withdrawal Rate (SWA) of 4% on $1.4m is $56,000. It would be possible to withdraw that every year, increase for inflation and not run out of cash. Drop that SWA closer to 3% if you really want to be sure. Some parts of the US $56k/year is a great income given all the free time you have anyway...
by ohit1
Fri Oct 04, 2019 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 15749

Re: Willingly going from lucrative job to unemployed?

AerialWombat wrote: Thu Oct 03, 2019 8:28 pm Most Bogleheads despise the FIRE concept.
Really? Why? And are the sources/links available on this?
by ohit1
Thu Oct 03, 2019 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Re: Career Change from Commercial Banking
Replies: 14
Views: 1916

Re: Career Change from Commercial Banking

The underwriting skillset doesn’t carry over to many other positions. I am looking for a more project oriented job that also has customer contact. Are you sure? What other positions are you looking at. If you want to stay in finance, then it can carry over. e.g. assuming you had to evaluate assets/...
by ohit1
Thu Oct 03, 2019 4:02 am
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 15749

Re: Willingly going from lucrative job to unemployed?

I would like to quit (more likely: talk to my boss and see if they can lay me off and give me some severance, they did that with someone else before) and rest for at least a year, possibly traveling around the world (South East Asia specifically) with my girlfriend, but I can't help feeling the mas...