Sayeds56
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stead.builders
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April 19, 2021, 10:15:50 PM |
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There is NO consensus that 1mil gives you 3.3 thou a month of passive income. Where are you getting these numbers?
https://www.schwab.com/resource-center/insights/content/beyond-4-rule-how-much-can-you-safely-spend-retirementOne frequently used rule of thumb for retirement spending is known as the 4% rule. It’s relatively simple: You add up all of your investments, and withdraw 4% of that total during your first year of retirement. In subsequent years, you adjust the dollar amount you withdraw to account for inflation. By following this formula, you should have a very high probability of not outliving your money during a 30-year retirement according to the rule.
For example, let’s say your portfolio at retirement totals $1 million. You would withdraw $40,000 in your first year of retirement. If the cost of living rises 2% that year, you would give yourself a 2% raise the following year, withdrawing $40,800, and so on for the next 30 years.
The 4% rule assumes you withdraw the same amount from your portfolio every year, adjusted for inflation This is called SWR (safe withdrawal rate), NOT passive income. You (and @JJG) are mixing two concepts together. Of course, I cannot speak for Phil_S, but I give less than one ratt's ass if you want to call it SWR rather than passive income, and several times, I already stated various ways to reasonably consider the matter...and you want to get all bogged down on semantics that you believe better capture the ideas about how you would rather to consider the matter. By the way, I further state that I consider "passive income" to be more descriptive in terms of what is attempting to be achieved (which is to have an income) without having to work rather than your "safe withdrawal rate" which hardly captures any kinds of ideas that we have been talking about. What you trying to be safe from? Safe from depleting your principle, perhaps? I see no reason to change the descriptors based on your attempts at lame technical gottchas. I think that there is also a kind of consensus evolving in recent times that even today, you need $2million as compared to what a millionaire would have been in 2010-ish So $1million will give you about $3,333 in passive income per month and sure double that with $2million.. to $6,667 per month of passive income.
<snip> I am fairly certain dividends from stock/shares, interest received from savings, royalties, is a form of passive income. However, unless you are retired, DRP is the way to go! Everyone’s situation is different and how they invest and plan for future retirement will be different, but the one thing we can all agree on is, we never want to worry about where to find that extra $100 to pay a late bill. Besides, you should be aiming to increase your overall wealth by minimum 10% each year. Then you only need to worry about choosing “his and her” matching colour Lambos... or his/his (Bob) Maybe, but no one should rely on dividends as a firm number. In 2008 many dividend paying stocks were decimated together with everything else. No one should blanketly attempt to create expectations out of centrally controlled assets, and surely every asset has a variety of particulars that need to be considered, and how much those particulars matter will depend, in part, upon how much of your value is tied up in such assets and what kind of timeline you expect to continue to have some or all of your value tied up in such assets. aminorex, aminorex, where art thou aminorex?
His smartness got him distracted into a shitcoin, aka Monero.... which ended up showing that sometimes smartness cannot save peeps from dumb. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FcywjPE8.jpg&t=665&c=fyr_c73VZ1GSEQ)
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Biodom
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April 19, 2021, 10:19:51 PM Last edit: April 19, 2021, 11:42:04 PM by Biodom Merited by vapourminer (1) |
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Of course, if we keep most of our value in BTC (and maybe some in fiat), then we might consider ways to formulate systems that allow us to be able to draw from our BTC in some kind of way without having to either worry about the overly depletion of value within our intended timeframe or having psychological pressures regarding either from where to draw upon sources or that we might not have a sufficient cushion (your example of paying the $100 late bill).
If and when Bitcoin reaches stability, we will, of course, have to seek other options if we wish to grow our wealth. That'll likely be the traditional investment categories, stocks, shares, loans, the normal gubbins. Hopefully by that time, they will be denominated in Bitcoin. Just living off the stash might well be a reasonable option for many though.as long as we agree that living off the stash is not passive income, it is "living off the stash aka eating your seed corn", albeit if you don't foresee any more harvest seasons, eating seed corn is fine. OT: can anyone rationalize doge for me and when it is going to stop? There is something weird about this. Is it just like XRP in 2017 or are we going to meme-ize the large chunk of our investments? In a funny way it shows the power of a "Sovereign Individual" (Musk is certainly the example of such). I would have to re-read it (SI book) yet again. In a way doggy looks like a purposeful distraction from bitcoin. I could could explain what happened with doge but not on this thread. As this is a btc thread. yea, btc+covid+Trump+nft+(boobs+asses)...the latter two being essential components, I agree. @JJG ramblings notwithstanding, this thread is officially blessed (by btctalk officionados) for occasional OT posts (well, I do agree that eth/ERC20, forks and XRP should be out). I will say Musk looks at DOGE/LTC realizes when it was worth 1/3 of a penny back in summer 2020 he can make a bigly score. a) buy doge cheaply b) buy cheap L3+ gear c) make large solar array for mining D) all of the above cheap and easy well under 200 million to achieve last year. e) keep pumping the coin f) make solid money g) try to cause btc price drops h) move doge profits into btc. I) now doge is 30+ cents if he built a solar array and is mining LTC/DOGE investment is all paid off. He has vested interest in pumping doge Not saying he did all of the above. but It looks like a duck and quacks like a duck it is very likely a duck. ...Personally I see this move about doge as very sure that it is being done. If my speculative ideas are correct it is legal to does what he did. As it is not subject to stock rules. So he can not tout Tesla stock. but he can tout doge. Here is a link into how I see other coin maneuvers being done. which have caused a huge difficulty drop in BTC https://bitcointalk.org/index.php?topic=5331454.0Interesting theory...my concern is that btc is now being positioned as "money for the rich" and it seems that doge is being portrayed as "people's money". I am quite concerned about it as I would like bitcoin to be smack in the center, NOT a rich folk "savings account". Regarding about why talk about competitors? It is in such talk new threats could become visible and counteracted. People used to be able to hold two contradictory ideas in their heads and weigh them out/argue against one or the other. Nowadays, it is all mostly about a tribe.
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LFC_Bitcoin
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Biodom
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April 19, 2021, 10:38:07 PM |
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For those who write dates in "american" way..tomorrow is 4-20...lol
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JayJuanGee
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April 19, 2021, 10:41:49 PM |
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[edited out]
Interesting theory...my concern is that btc is now being position as "money for the rich" and it seems that doge is being portrayed as "people's money". I am quite concerned about it as I would like bitcoin to be smack in the center, NOT a rich folk "savings account". Regarding about why talk about competitors? It is in such talk new treats could become visible and counteracted. People used to be able to hold two contradictory ideas in their heads and weight them out/argue against one or the other. Nowadays, it is all mostly about a tribe. There have always been a variety of ways that folks might get talked out of investing into bitcoin or underinvesting in bitcoin, whether referring to unit bias or other kinds of distractions to which they might give credence. Of course, we can view the pumpening of various other coins (or even misleading talking points) as negative because they likely keep bitcoin prices lower for a longer period than otherwise we would expect, but it seems that many of us largely attempt to take advantage of such information asymmetry in terms of our continuing to buy and HODL bitcoin through the thick and thin... Of course, if everyone were to realize the true value of bitcoin, it would be a much lesser bargain because its price would be very much higher, even though based on anticipated future appreciation (designed to pump forever) it still would be prudent to get some, if you either did not have any or you did not have enough.
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philipma1957
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April 19, 2021, 11:24:44 PM |
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Of course, if we keep most of our value in BTC (and maybe some in fiat), then we might consider ways to formulate systems that allow us to be able to draw from our BTC in some kind of way without having to either worry about the overly depletion of value within our intended timeframe or having psychological pressures regarding either from where to draw upon sources or that we might not have a sufficient cushion (your example of paying the $100 late bill).
If and when Bitcoin reaches stability, we will, of course, have to seek other options if we wish to grow our wealth. That'll likely be the traditional investment categories, stocks, shares, loans, the normal gubbins. Hopefully by that time, they will be denominated in Bitcoin. Just living off the stash might well be a reasonable option for many though.as long as we agree that living off the stash is not passive income, it is "living off the stash aka eating your seed corn", albeit if you don't foresee any more harvest seasons, eating seed corn is fine. OT: can anyone rationalize doge for me and when it is going to stop? There is something weird about this. Is it just like XRP in 2017 or are we going to meme-ize the large chunk of our investments? In a funny way it shows the power of a "Sovereign Individual" (Musk is certainly the example of such). I would have to re-read it (SI book) yet again. In a way doggy looks like a purposeful distraction from bitcoin. I could could explain what happened with doge but not on this thread. As this is a btc thread. yea, btc+covid+Trump+nft+(boobs+asses)...the latter two being essential components, I agree. @JJG ramblings notwithstanding, this thread is officially blessed (by btctalk officionados) for occasional OT posts (well, I do agree that eth/ERC20, forks and XRP should be out). I will say Musk looks at DOGE/LTC realizes when it was worth 1/3 of a penny back in summer 2020 he can make a bigly score. a) buy doge cheaply b) buy cheap L3+ gear c) make large solar array for mining D) all of the above cheap and easy well under 200 million to achieve last year. e) keep pumping the coin f) make solid money g) try to cause btc price drops h) move doge profits into btc. I) now doge is 30+ cents if he built a solar array and is mining LTC/DOGE investment is all paid off. He has vested interest in pumping doge Not saying he did all of the above. but It looks like a duck and quacks like a duck it is very likely a duck. ...Personally I see this move about doge as very sure that it is being done. If my speculative ideas are correct it is legal to does what he did. As it is not subject to stock rules. So he can not tout Tesla stock. but he can tout doge. Here is a link into how I see other coin maneuvers being done. which have caused a huge difficulty drop in BTC https://bitcointalk.org/index.php?topic=5331454.0Interesting theory...my concern is that btc is now being positioned as "money for the rich" and it seems that doge is being portrayed as "people's money". I am quite concerned about it as I would like bitcoin to be smack in the center, NOT a rich folk "savings account". Regarding about why talk about competitors? It is in such talk new treats could become visible and counteracted. People used to be able to hold two contradictory ideas in their heads and weigh them out/argue against one or the other. Nowadays, it is all mostly about a tribe. Yeah tribalism = very close to racism
my coinbase holdings are as I gear to btc. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Flvqq4fz.png&t=665&c=iF_xH84KjOgxBA)
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shahzadafzal
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April 20, 2021, 12:02:45 AM |
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These ups and down is part for the game!!! ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FGknUC5w.jpg&t=665&c=HixPNv2qN4x8Jw)
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gallianooo
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April 20, 2021, 12:38:08 AM |
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Boring till when ??
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lightfoot
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April 20, 2021, 02:17:02 AM |
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I'm standing in my shed trying to get a bunch of old KNC Titan cubes running again. So far I'm up to 250mh, and one of my controller boards has a bad SPI socket line.
Man, I remember this crazy....
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philipma1957
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April 20, 2021, 02:33:43 AM |
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I'm standing in my shed trying to get a bunch of old KNC Titan cubes running again. So far I'm up to 250mh, and one of my controller boards has a bad SPI socket line.
Man, I remember this crazy....
I wonder how long and hard they pump the doggie 🐶. Ahh maybe for a while longer.
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lightfoot
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April 20, 2021, 03:23:59 AM Merited by JayJuanGee (1) |
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I'm standing in my shed trying to get a bunch of old KNC Titan cubes running again. So far I'm up to 250mh, and one of my controller boards has a bad SPI socket line.
Man, I remember this crazy....
I wonder how long and hard they pump the doggie 🐶. Ahh maybe for a while longer. I do not know. But I will say I'm not buying DOGE, it's a joke but if taken seriously is literally 180 degrees from anything that Bitcoin stands for. However when the PPS rate is 390% to mine Litecoin (the coin to pay hookers with), I'll bring the sleeping dragons back to life...
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shahzadafzal
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April 20, 2021, 04:45:50 AM |
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I'm standing in my shed trying to get a bunch of old KNC Titan cubes running again. So far I'm up to 250mh, and one of my controller boards has a bad SPI socket line.
Man, I remember this crazy....
I wonder how long and hard they pump the doggie 🐶. Ahh maybe for a while longer. I do not know. But I will say I'm not buying DOGE, it's a joke but if taken seriously is literally 180 degrees from anything that Bitcoin stands for. However when the PPS rate is 390% to mine Litecoin (the coin to pay hookers with), I'll bring the sleeping dragons back to life... Doge crossed $50b market cap. not a parameter for a success but I have a theory why people are investing in doge. See every other coin or token is created nothing but to make money, there is pure greed behind it. Although they will claim to solve some “problem” in Bitcoin (which is none in reality, in fact every problem of Bitcoin they try to solve is actually a feature of Bitcoin name it hash rate, block size, supply any thing). So among these 9000+ coins only Doge was created just for fun not for making money they didn’t claim to solve any non existing problem in bitcoin. So what happens when something is created for fun? Yes people take it seriously!!! So when people started taking it a little seriously their team did a good job and gave a cause to it, they did many fundraising’s for charities and many notable causes. Once they build a water well in Kenya through a charity. So in the end I don’t mind to see doge on #2 place, yes forever it will just be another shit coin but with some fun.
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JayJuanGee
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April 20, 2021, 05:45:23 AM Last edit: April 20, 2021, 05:58:39 AM by JayJuanGee |
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I'm standing in my shed trying to get a bunch of old KNC Titan cubes running again. So far I'm up to 250mh, and one of my controller boards has a bad SPI socket line.
Man, I remember this crazy....
I wonder how long and hard they pump the doggie 🐶. Ahh maybe for a while longer. I do not know. But I will say I'm not buying DOGE, it's a joke but if taken seriously is literally 180 degrees from anything that Bitcoin stands for. However when the PPS rate is 390% to mine Litecoin (the coin to pay hookers with), I'll bring the sleeping dragons back to life... Doge crossed $50b market cap. not a parameter for a success but I have a theory why people are investing in doge. See every other coin or token is created nothing but to make money, there is pure greed behind it. Although they will claim to solve some “problem” in Bitcoin (which is none in reality, in fact every problem of Bitcoin they try to solve is actually a feature of Bitcoin name it hash rate, block size, supply any thing). So among these 9000+ coins only Doge was created just for fun not for making money they didn’t claim to solve any non existing problem in bitcoin. So what happens when something is created for fun? Yes people take it seriously!!! So when people started taking it a little seriously their team did a good job and gave a cause to it, they did many fundraising’s for charities and many notable causes. Once they build a water well in Kenya through a charity. So in the end I don’t mind to see doge on #2 place, yes forever it will just be another shit coin but with some fun. Something is wrong with your analysis, shahzadafzal, and lightfoot already mentioned the crux of the misleading aspect of deee doggie... Lightfoot described it as 180 degrees of bitcoin, but to be more specific, deeeee creators of deeeee doggie were trying to make fun of bitcoin by doing many things in the opposite way such as mining, lack of scarcity and the way that coin rewards came and some other bullshit, and even though there may have been some changes to some of those nearly non-functional aspects, the impetus still remains a means to try to make fun of bitcoin.. but it has grown to even more misleading than that because even if some peeps might have gotten the joke, there are some other peeps who actually take doggie seriously because they believe it is some variation of bitcoin blah blah blah - even though it is making fun of bitcoin... and doing the opposite in a few ways (probably more than I would like to study into - because ain't nobody who gots time for dat).
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BobLawblaw
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April 20, 2021, 06:02:12 AM |
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We need a DOGE rug-pull ASAP.
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Cryptotourist
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April 20, 2021, 06:31:03 AM |
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OT: can anyone rationalize doge for me and when it is going to stop? There is something weird about this. In a way doggy looks like a purposeful distraction from bitcoin.
Well, it is. We're in the middle of the - so called - alt season and only DOGE is *really* pumping. Give it by the end of the month. DOGE will kneel to the King. It will also sit, stay and roll. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Elon wants them coins cheap for free. Why? Because he can. BTC to the moon, but first DOGE to Mars. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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shahzadafzal
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April 20, 2021, 06:47:34 AM |
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I'm standing in my shed trying to get a bunch of old KNC Titan cubes running again. So far I'm up to 250mh, and one of my controller boards has a bad SPI socket line.
Man, I remember this crazy....
I wonder how long and hard they pump the doggie 🐶. Ahh maybe for a while longer. I do not know. But I will say I'm not buying DOGE, it's a joke but if taken seriously is literally 180 degrees from anything that Bitcoin stands for. However when the PPS rate is 390% to mine Litecoin (the coin to pay hookers with), I'll bring the sleeping dragons back to life... Doge crossed $50b market cap. not a parameter for a success but I have a theory why people are investing in doge. See every other coin or token is created nothing but to make money, there is pure greed behind it. Although they will claim to solve some “problem” in Bitcoin (which is none in reality, in fact every problem of Bitcoin they try to solve is actually a feature of Bitcoin name it hash rate, block size, supply any thing). So among these 9000+ coins only Doge was created just for fun not for making money they didn’t claim to solve any non existing problem in bitcoin. So what happens when something is created for fun? Yes people take it seriously!!! So when people started taking it a little seriously their team did a good job and gave a cause to it, they did many fundraising’s for charities and many notable causes. Once they build a water well in Kenya through a charity. So in the end I don’t mind to see doge on #2 place, yes forever it will just be another shit coin but with some fun. Something is wrong with your analysis, shahzadafzal, and lightfoot already mentioned the crux of the misleading aspect of deee doggie... Lightfoot described it as 180 degrees of bitcoin, but to be more specific, deeeee creators of deeeee doggie were trying to make fun of bitcoin by doing many things in the opposite way such as mining and the way that coin rewards came and some other bullshit, and even though there may have been some changes to some of those nearly non-functional aspects, the impetus still remains a means to try to make fun of bitcoin.. but it has grown to even more misleading than that because even if some peeps might have gotten the joke, there are some other peeps who actually take doggie seriously because they believe it is some variation of bitcoin blah blah blah - even though it is making fun of bitcoin... and doing the opposite in a few ways (probably more than I would like to study into - because nobody's got time for dat). I 100% agree to you and lightfoot that it is 180 degree from what Bitcoin is. It's inflationary by design and 14+ million coines are minded everyday ... but at the same time it's a fact it was created to make fun, there is no "real-world use" of dogecoin that's what make doge interesting. We all know if bitcoin is worth $1 trillion today, it's because people believe it is worth this much. Same thing applies here, dogecoin's community is one of the most active communities after bitcoin. By community I mean people not linked to benefit from dogecoin, not like ETH or BNB which need constant marketing by the creators. And This community where people like Elon Musk vouch for can really pump this community more. I'm sure he himself believes in bitcoin that's why he is invested in bitcoin only. But his fun of doge is giving trust to this coin. Again it's not an investment that someone should be making and it never will be. May be it will be worthless like these "merits" here... same way this dogecoin can be used for giving tips and it will shine with your names like a number.
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Phil_S
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We choose to go to the moon
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April 20, 2021, 07:24:42 AM |
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a little bit crazy... ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F96JBINK.png&t=665&c=LQjWT9ff-rjoqQ)
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Karartma1
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April 20, 2021, 07:41:04 AM |
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It was too good to be true. Men can buy at the bottom only once. That's okay, I'm keep buying on the way down. This was an astral coincidence of Coinbase pumping the price before listing, china coal mine blowing up, long position liquidations and mempool clogged. All good.
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El duderino_
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April 20, 2021, 08:38:17 AM |
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Can one of you Euros give a synopsis of what all this Super League shit is all about?
Big teams wanna make there own separate league..... so like for example they are always in the league and cannot miss out on a ticket for example championsleague, there always in it and 5 teams or something would be able to join I think or something
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LFC_Bitcoin
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Ain’t this the truth....... ‘Stop being weak handed pussies, HODL & ye shall becometh very richeth’ LFC_Bitcoin 2021
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