[HN Gopher] Ask HN: What Is Your Number?
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Ask HN: What Is Your Number?
For example, if I made $10m, I'd take a break from full time work
to prioritise hanging out with my loved ones, whilst experimenting
with ideas and exploring nature.
Author : herodoturtle
Score : 3 points
Date : 2022-05-27 22:06 UTC (55 minutes ago)
| brudgers wrote:
| Just soup money.
|
| I ain't betting on cake.
|
| Making do is in my control.
|
| Life is short.
| donsupreme wrote:
| https://www.youtube.com/watch?v=XamC7-Pt8N0
| elviejo wrote:
| 750k I live in Mexico
| herodoturtle wrote:
| What's life like in Mexico?
|
| Is it welcoming to people moving there from overseas to try
| make a living?
| nirvanist wrote:
| I think $4m
| herodoturtle wrote:
| > I think $4m
|
| Reminded me of Descartes...
|
| "I think, therefore $4m."
|
| Lots of layers to that one.
| themodelplumber wrote:
| I was talking to someone about this the other day. In case it
| interests you, they had two numbers:
|
| $250K: Day trade & swing trade 3D / W and every other work item
| is optional. I think they are one of those who does inverse
| trading based on market conditions. This is someone with a career
| in tech currently, but more of an exploratory career with various
| breaks to try new things, and less of a long-ride career.
|
| $2M: Move all trading positions to long-term investing or longer-
| term swings. Materially improve lifestyle in a planned way, based
| on a budget.
|
| They keep to quite a low budget currently, and their only concern
| seemed to be lifestyle inflation & their own patience.
|
| Somewhat annoyingly, I am thinking they would tell you that they
| also do your $10M stuff already, since they WFH and set
| boundaries really well. Just a guess though.
|
| But I do know people like this who can't reach their number,
| because they have a problem of details rather than a problem of
| work & income. So their issue isn't retirement, it's un-detailing
| their lives somehow. They get sucked into overextensions of their
| energy levels, and this drives their bad spending habits, or
| drives them to accept jobs out of fear, and so on.
|
| Which IMO is probably way tougher because society doesn't talk
| about it much and there isn't a college degree you can get in
| that level of thinking.
| herodoturtle wrote:
| Interesting points, thanks for sharing (and so meticulously
| might I add).
|
| $2m is an interesting choice for a long-term investment
| strategy barrier to entry.
|
| Mine was far lower ($10k), and I've had some interesting
| results in the last 16 years.
|
| I know little about day-trading, but it sounds like Cowboys in
| the Wild West. Exciting, but not for me.
|
| But long-term plays fascinate me. 10x on capital etc.
| themodelplumber wrote:
| yw. Forgot to add they wrote a simulator for varying market
| conditions and they liked the $2M scenario best as they
| looked at sets of outcomes. So of course their threshold for
| their ideal levels is subjective.
|
| $10K, do you mean as a place to start long-term investing?
| That makes sense. The person I mentioned above sees cash as a
| position and they heavily manage risk by using structure, so
| they are probably less cowboy if you look at the details.
| Like the cowboy riding in the air-cooled luxury train car,
| riding on the train's schedule...well, it's still the wild
| west. :-)
|
| 10x on capital, for sure, that's big...William O'Neil's
| famous trading textbook is an example in that area that tends
| to get the imagination going with fantastic examples like
| that.
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