Recent content by Bankerwithabrain

The main concern is that the US gets hit with a bout of hyperinflation (or at least serious inflation). The US economy is very fragile right now - with significant debt burden, less workforce participation, aging workforce, etc... We also live in a world where tiny changes have huge impacts...

What are people doing regarding diversification of currencies? Seems like a lot of turmoil in the FX market and keeping all your money in USD is a big risk. Not sure what is best market to diversify into though.

Sorry. It was ignorance. 1:4 is only during the day. Overnight is 50%. Still could make some decent money using margin with such low interest rates. Just not with as much borrowing.

Interactive Brokers offers margin of 1:4 at 1.6% interest rate. Seems like there should be some low risk method to make money on the spread. Does anyone do this? Sounds like you can invest $100K and borrow $300k. Then if you can earn 2.6% you make $3K on your $100K of cash + $2.6K from the...

So I lost my job about 5 months ago (see previous thread) and I've decided to take some time off from work and see how the FIRE'ed life is. Although my networth now is around $650k (all liquid stocks/bonds/cash) and clearly not enough to really FIRE for life, I figure 30 is a fine age to take...

Thanks for all the comforting words. This forum is actually one of the first places I went to for comfort as I knew I could count on the good people of ER. I've had a few hours today to think about it some and thankfully am doing pretty well. It was a job I actually did like and one that I...

Another job gone. 30 years old, single, and $600K of mostly liquid net worth. What is the next step in life? :( --- edit --- title should have said "your services..." as "my services..." in quotes wouldn't make any sense...

Investing in skills when you are young and learn as much as possible even at the risk of looking dumb. Salary early on is not as important as salary later on.

Thanks for your response, although I don't think you really added much to the conversation. (Except for insults.) I don't know why you think posting something like this to the internet is so foolish? I find the internet to be a great place to speak with like minded people. I don't think I am...

It depends. Do you already own a tent?

It's a difficult thing to discuss I think. Especially things like current net worth. (Let's be honest, most of us talk more freely about our net worth on these forums than to any people in our non-virtual lives.) Someone also mentioned earlier how "frugal" is considered "not sexy" to women...

I wonder why that is. I originally started on the path to FIRE because I wanted to have the time to pursue my own dreams rather than being tied down to a job. If you had a near unlimited amount of wealth why not spend it like water? Why live in a modest home if you can easily afford the large...

OK - But let's say that a high maintenance girl (who was good in every other way) also came with a dowry of say $2m-$3m? Would you take that deal? What number would it have to be. It would be weird marrying someone wealthy and essentially making the last 10 years of frugal living moot. Not...

Thanks Mulligan - that is exactly the type of relationship I am scared about.

I wish it were only so easy to find someone that matches exactly what you are looking for. I do value marriage and kids so I would like to finally settle down soon. It is difficult/impossible to find someone that is perfect. I have found in life that rich girls are generally better educated...