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Thread: Financial Independence

  1. #331
    Tiny Dancer Drewbie's Avatar
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    True. It'll all work out ok in the end.

  2. #332
    Darth Small Macheath's Avatar
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    I've seen a bunch of FIRE "flavors" popping up on reddit, and I wasn't 100% sure what they all meant. Here's what I figure:

    • FIRE: Financially independent, retired early. The "FI" concept is more core to FIRE than "RE," frankly, because having enough money that you can retire doesn't always mean you do retire. You might continue to work because you love it. You might scale back at your current job, work fewer hours. You might take a lower-paid job that you're more interested in. You might go into business for yourself. Or, you might sit on the couch for the rest of your days. Up to you!
    • CoastFIRE: You have enough saved to cover "traditional retirement" at 62+ without needing to save any more (thanks to compounding growth). You can take a lower-paid job to cover your expenses between now and retirement.
    • BaristaFIRE: You have enough saved to go into semi-retirement now. You can take a lower-paid job to supplement your investment income.
    • LeanFIRE: You have enough saved to retire now on a very frugal budget.
    • FatFIRE: You're loaded. What the point of tracking this as a separate concept? I don't know. It just means "rich person."

  3. #333
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    MMM just covered this. I didn't read it yet.

  4. #334
    Darth Small Macheath's Avatar
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    Quote Originally Posted by nynnja View Post
    MMM just covered this. I didn't read it yet.
    Well thanks for that, I fell down an hour-long hole of reading articles.

    EDIT: This Schiller PE Ratio chart makes for incredible viewing. It's a 150-year view of the stock market, and it since it's a ratio, you don't need to think about inflation or logarithmic relativity. A high number on that chart means the market is overpriced, period.
    Last edited by Macheath; 10-14-2018 at 02:59 PM.

  5. #335
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    Cool. So the market is at a point above Black Tuesday. I'm currently selling all my investments and buying Dogecoin.

  6. #336
    Darth Small Macheath's Avatar
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    Vanguard is introducing some new Admiral funds, and the first one is the most interesting to me, depending on the specific mix.

    Total World Stock Index VTWAX (0.10 ER) Cheaper version of VTWSX (0.19 ER)
    Long-Term Bond Index VBLAX (0.07 ER) Cheaper version of VBTLX VBLTX (0.15 ER)
    FTSE All World ex-US Small Cap Index VFSAX (0.16 ER) Cheaper version of VFSVX (0.25 ER)
    High Dividend Yield Index VHYAX (0.08 ER) Cheaper version of VHDYX (0.15 ER)
    FTSE Social Index VFTAX (0.14 ER) Cheaper version of VFTSX (0.18 ER)

    I've stuck with a combo of VTSAX and VTIAX since they're cheaper than VTWSX, but VTWAX may represent an easier way to diversify more! Of course... the difference between 0.10% and 0.19% is kind of minimal, we're not talking about a major revolution here. And VTSAX is waaaay down there at 0.04 ER. Just nice to have more ultra-cheap options.

    I do have my bond money in VBTLX, though. Moving to VBLAX could save me several cents per decade!

    EDIT: Nope, I misread some shit! I do have my bond money in VBTLX, but VBLAX is a cheaper version of VBLTX, which is a totally different bond fund! VBTLX is already an Admiral fund, so I'm good.
    Last edited by Macheath; 02-07-2019 at 07:13 PM.

  7. #337
    Darth Small Macheath's Avatar
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    I was considering trying to do something like this myself, but then it occurred to me to google it:

    http://dfkoz.tumblr.com/post/3436512...market-indices

    Now I'd like to see VTSAX represented too... I assume it's a circle around the whole diagram, but how big is it? And what about VTWAX, an even bigger circle around that?

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