shasta
Recycles dryer sheets
Hi-
I am 38
No kids, no marriage, no property except a car. (I prefer renting nice modern lofts as a single guy)
I worked in the technology sector for years as an engineering exec.
I have had many jobs over the last 15 years and always hated the politics involved in the workplace to make a good 100-200K per year or more.
An old company I was at in the early 90's just sold where I held a sizable payment from stock. I have 2.5M cash after taxes.
Right now I plan to;
- Drop all of the $$ into Vanguard with a 85% stock / 10% bonds / 5% cash split
- Live off of my 100K in savings till next year
- Make first draw on the investment portfolio next year and see how long I can do it?
I do not have many monthly expenses so I can draw low and higher / lower with a flux market. I wouldn't intend to spend more than 4% per year and likely can get by with 3% or 2%
I feel pretty free right now and think I should just go for it.
I would move from Nevada to Washington. Thinking about just going into business for myself doing technology consulting when I can stomach it and using the investment portfolio income as my "base executive salary" making my own bonuses on the side in consulting when I feel like buying something big or get bored (like do a bunch of consulting the year before I need a new car)?
Firecalc says I would do well under many conditions.
Plus I have other private company stock out there that could return an additional 1-5M cash in the next 2-3 years given how its going.
I think I am ready to do this.
Of course its new so scary.
Am I daft?
Am I ready?
I feel like already making great income for years and knowing the value of working hard for money and what it cost my soul to live in that corporate political space has well prepared me to manage this budget / portfolio well and not ruin myself.
I feel like I should be able to grow my core cash to 7M or so before I need to retire-retire. I have even already made a budget thru to 2020
So ask me the hard questions - what havent I thought of?
BTW - hi everyone. I have read some posts, this place seems lovely
I am 38
No kids, no marriage, no property except a car. (I prefer renting nice modern lofts as a single guy)
I worked in the technology sector for years as an engineering exec.
I have had many jobs over the last 15 years and always hated the politics involved in the workplace to make a good 100-200K per year or more.
An old company I was at in the early 90's just sold where I held a sizable payment from stock. I have 2.5M cash after taxes.
Right now I plan to;
- Drop all of the $$ into Vanguard with a 85% stock / 10% bonds / 5% cash split
- Live off of my 100K in savings till next year
- Make first draw on the investment portfolio next year and see how long I can do it?
I do not have many monthly expenses so I can draw low and higher / lower with a flux market. I wouldn't intend to spend more than 4% per year and likely can get by with 3% or 2%
I feel pretty free right now and think I should just go for it.
I would move from Nevada to Washington. Thinking about just going into business for myself doing technology consulting when I can stomach it and using the investment portfolio income as my "base executive salary" making my own bonuses on the side in consulting when I feel like buying something big or get bored (like do a bunch of consulting the year before I need a new car)?
Firecalc says I would do well under many conditions.
Plus I have other private company stock out there that could return an additional 1-5M cash in the next 2-3 years given how its going.
I think I am ready to do this.
Of course its new so scary.
Am I daft?
Am I ready?
I feel like already making great income for years and knowing the value of working hard for money and what it cost my soul to live in that corporate political space has well prepared me to manage this budget / portfolio well and not ruin myself.
I feel like I should be able to grow my core cash to 7M or so before I need to retire-retire. I have even already made a budget thru to 2020
So ask me the hard questions - what havent I thought of?
BTW - hi everyone. I have read some posts, this place seems lovely