borbekk wrote: ↑
Fri Jul 31, 2020 4:56 am
I am in the same situation. I ve decided to DCA 1,5% of my investment money on monthly basis until we pass the covid crisis.
Do this. Every other opinion is from a chicken. Listen to pigs.
Here’s the opinion from another chicken regarding the portfolios. I’d keep more cash if you were going to implement them.
If you follow borbeckk I’d bump the DCA amount if we have another serious dip like March...but still keep at least $200K cash and your expenses at (preferably far below) $40K.
If you were my kid I’d say DCA in, stop worrying and work on your next app or idea somewhere cheaper to live with good internet and drop your expenses down to $20-30K.
Barbados, Thailand, Taiwan, etc. Teach English if necessary to get a longer visa. Harder to do in the covid environment though.
And I’d tell him that his portfolio should look more like a retired persons but no lower than 50/50. His scenario is close to yours actually. He just doesn’t know it yet.
You CAN live the rest of your life on 1.4m but it’s a very very frugal one even if you geoarbitrage. I wouldn’t want that for my kid. So find a viable side hustle that you enjoy and code at night. And ENJOY life...because I’ll tell you that as time goes on it gets harder and harder to get that same coding high.
You should read ERN since that’s far more relevant to you than bogleheads.
It’s on the more conservative and data driven side of FIRE. Most of FIRE does basic bogleheads in some form or other but the issues are different for folks who are FIRE’d which you are even if not necessarily by choice.
Your AA matters a lot less than your spending rate. $40K isn’t bad but it’s not sustainable.
50/50, 60/40, blah blah all works for you if you get your spend rate down below 3.5% (maybe below 3.2%) and we’re not stuck with a lost decade. This place is the wrong place for you. Low expense ratio, keep it simple like a 3 fund, simple IPS and done. You’ve learned the most valuable part of BH...because every little extra bit you tack on beyond that is completely extraneous to making your next 1.6m.
Yes, you were lucky...but luck favors the prepared. You don’t need to be chained to a 9 to 5 and the world is your oyster. DCA in past the covid weirdness and...read less, code more (talk less...smile more...man watched Hamilton once too many times).
The nice thing for you and apps is you no longer need to hit another home run. Base hits every so often is all you need to sustain a fun and fulfilling lifestyle.