Ready-4-ER-at-14
Full time employment: Posting here.
I know there are many different investment vehicles in use by the people here and I am just trying to get an idea of the thought process of people rather than argue right/wrong or best/worst.
I would like people to explain what they are hoping to avoid or get benefit of by the choices. ie tax efficiency, gross gains. A rough idea of your age might help make choice decisions more apparent. (ie 40 yr zero coupon bond for a 20 yr old)
Also harvesting capital gains say from an index works too, if that is your plan.
Per the wall street journal site currently 30 yr US treasuries are paying 0.02776 so $12,000 a year that way needs $442,276.66 laying around.
Per Schxxb at my age and state to get 1,000 a month for life on just myself and all premium not paid out returned it would be $150,428. ($133,223 pure insurance no return of premium if I croaked second day of policy)
If I lived another 20 years and just took from some savings account paying 0% I'd need $240,000.
I like to mix and match different things and I am around traditional retirement age. So have some CDs, Bonds, zero coupon bonds, Preferred stock, dividend stock(US & international), cash, income funds, some stock more for capital gains than pure dividends, REITs, MLPs, and even some of the unpopular Immediate annuities.
Had some limited partnerships, but never could convince myself they couldn't "bite me" somehow.
I've thought about selling calls on stock but don't want to miss any potential breakout gains to the upside if company is acquired at a huge premium.
I tend to overthink things, so why not just ask to see what others are doing?
I am curious how little other people need to generate this $1000 a month on.
(If I could actually make 18% buying property tax properties this would only take $66,666.67...)
I would like people to explain what they are hoping to avoid or get benefit of by the choices. ie tax efficiency, gross gains. A rough idea of your age might help make choice decisions more apparent. (ie 40 yr zero coupon bond for a 20 yr old)
Also harvesting capital gains say from an index works too, if that is your plan.
Per the wall street journal site currently 30 yr US treasuries are paying 0.02776 so $12,000 a year that way needs $442,276.66 laying around.
Per Schxxb at my age and state to get 1,000 a month for life on just myself and all premium not paid out returned it would be $150,428. ($133,223 pure insurance no return of premium if I croaked second day of policy)
If I lived another 20 years and just took from some savings account paying 0% I'd need $240,000.
I like to mix and match different things and I am around traditional retirement age. So have some CDs, Bonds, zero coupon bonds, Preferred stock, dividend stock(US & international), cash, income funds, some stock more for capital gains than pure dividends, REITs, MLPs, and even some of the unpopular Immediate annuities.
Had some limited partnerships, but never could convince myself they couldn't "bite me" somehow.
I've thought about selling calls on stock but don't want to miss any potential breakout gains to the upside if company is acquired at a huge premium.
I tend to overthink things, so why not just ask to see what others are doing?
I am curious how little other people need to generate this $1000 a month on.
(If I could actually make 18% buying property tax properties this would only take $66,666.67...)