Dude retired at 33.

C-dog

Ryan_Futuristics wrote: »

you see them starting hobby businesses or resurrecting old bands they used to be in

I see myself doing this. Or at least dipping back into my old business. If timings suit, I probably want to take the winter abroad and the summer also in my first year FI. I'll use this as a semi-retirement rather than fully taking the plunge. To the outside world you're taking a break and no questions arise. Inside you're deciding your future free from money concerns.

Why wait until your fi for the above? Well I'm in a fortunate position in that I have a successful business, but one thats current success lies with me being at the helm. Staging my exit or at least removal from being relied upon daily will take time and if I left too soon could negatively impact the business, which I don't want. I hope to draw on a salary, even when FI. But not banking on it.

Ryan_Futuristics

I'd love a business to run again ... The money I made from my first business is what set me up today ... But I got to a point where in order to expand (and not be utterly chained to it) I had to give up the reigns a bit - and I never really managed to that

So I've been out of the drugs game for 15 years (j/k - it was a clothing business)

And certainly re: if it was easy everyone would do it ... You are a bit reliant on the markets playing ball ... If the blogger had been trying to do it in the 70s, through long, volatile, flat markets, he'd probably still be working ... He's had some fairly fortunate market conditions ... I try and design portfolios that are somewhat market-agnostic, so no more than 50% equities - and still ideally beat pure equities

One I made earlier:

https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&TotalBond2=40&portfolio3=Custom&portfolio2=Stocks%2FBonds+%2860%2F40%29&portfolio1=Custom&Commodities1=13&annualOperation=0&TotalStockMarket3=100&TotalStockMarket2=60&initialAmount=10000&EmergingMarket1=26&endYear=2014&mode=2&SmallCapValue1=26&annualAdjustment=0&startYear=1972&rebalanceType=1&annualPercentage=0.0&LongTermBond1=5&TNotes1=10&REIT1=15&TBills1=5

4x stock market returns, only 50% in equities, with 5% in cash (because I can) ... You could make something much better, but I'm trying to build a portfolio I'd use today, knowing to avoid the US and property a bit

C-dog

I'll get a good look at that now. I'm building my portfolio out a bit from the standard VLS100acc as we speak. Might build my cash out for a bit though as the new financial year kicks in pretty damn soon and I'd like to see where there market goes. Filling both our ISAs is the priroity now.

Are you currently FI or on the road to it?

Ryan_Futuristics

I've got a bit of ISA allowance left and just topping it up with Newton Real Return and Standard Life Global Absolute Return ... Just in case ...

Although there is a real air of optimism around markets at the moment (which possibly means a crash is brewing ... but could be a long way off with markets reacting more to QE these days than fundamentals)


Well, I'd say I'm good with money, rather than I've got enough to stop worrying ... I can pursue quite an idealistic career, not having to prioritise money, but I won't feel really secure until I've got a 5 bedroom house in Richmond and can afford to send two kids to public school ... In which case organised crime is probably still my best bet

jacknight

He'll get bored retiring at that age. He must fill his days with something... there's only so much "do what you want" time you can fill up.

Looks like he is making money from his website anyway.. so he isn't technically retired is he?

Gadfium

jacknight wrote: »

He'll get bored retiring at that age. He must fill his days with something... there's only so much "do what you want" time you can fill up.

Looks like he is making money from his website anyway.. so he isn't technically retired is he?

Perhaps his website is one of the ways that he relieves the boredom??

IMHO, boredom is nothing more than a lack of imagination. There's a bajillion things to do and see on this planet of ours without having to go to work every day to while away the hours. Learn a new language, teach yourself the guitar, train to be a private pilot, take up photography, to name a handful.

Eco_Miser

jacknight wrote: »

He'll get bored retiring at that age. He must fill his days with something... there's only so much "do what you want" time you can fill up.

Yeah, just 168 hours a week.

But once you start volunteering it all seems to disappear.

KingKenny

http://news.yale.edu/2014/09/24/investment-return-202-brings-yale-endowment-value-239-billion


Jeez, how do you buy into these policies?


Was chatting tonight to my beer drinking buddy. We reckon his property would net him around 620K after costs, that is realistic not pie in the sky. He works in a factory 50 hours a week for around 7 quid an hour. He has high cholesterol, drinks too much and sleeps four hours a night. At 46 he ain't gonna see 66 I think.


So he has come round to my way of thinking, sell the house and either drawdown or invest. That fund above alone would set him up for life with 600k invested. It just seems unreal when savings rates are near zero. Thanks for all the posts.

Gadfium

KingKenny wrote: »

That fund above alone would set him up for life with 600k invested. It just seems unreal when savings rates are near zero. Thanks for all the posts.

He wouldn't be able to realise the full £600K. Where would he live?

KingKenny

Gadfium wrote: »

He wouldn't be able to realise the full £600K. Where would he live?

Rent, why would you buy when you have a decent income stream.


No family, he has no dependents. I keep telling him to travel, what an opportunity. I rent, have done all my life. I pay 450 quid a month sharing with an owner/lady. All inclusive, she even cooks me the odd meal and throws my washing in with hers. BTW, she is 60'ish, no funny business.