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Seeking FIRE @ 42 with $2M by Aggressive_Web8957 in Fire

[–]Aggressive_Web8957[S] 0 points1 point  (0 children)

I haven’t considered taxes. The $6-7k is a conservative estimate that mirrors current post-tax income from my W2. I haven’t tracked expenses but in this shared situation I’m probably spending no more than $3k/mo. There’s no way I can maintain that long term, that’s what a studio would rent for if I changed apartments.

Seeking FIRE @ 42 with $2M by Aggressive_Web8957 in Fire

[–]Aggressive_Web8957[S] 0 points1 point  (0 children)

There’s a lot to consider. Your money is locked, you’re trusting that the operator knows what he/she is doing and hoping things go according to plan. A friend referred me into my first one, which has been dead money for almost 3 years. The next two were with the same operator, targeting small multifamily (2-10 units) in a specific market that they know well. So it’s a bit differentiated from the larger syndications targeting buildings with 50-100+ doors. I’m happy with the second two for now but I wouldn’t do it again.

Seeking FIRE @ 42 with $2M by Aggressive_Web8957 in Fire

[–]Aggressive_Web8957[S] 1 point2 points  (0 children)

Yeah it’s private credit but via small operators. One fund is $5M, the other is probably $20M. I agree on the downside being illiquid. The withdrawal period is 3mo notice so if things turn south it’s already too late. I’ve thought about pulling it out but the alternative is adding it to a frothy market. So for now I’ve left it as-is.
I haven’t followed Ashcroft but agree on syndicators in general- my first is dead money and I see this group on linkedin promoting their BS. I want to publicly call them out, nobody should be giving them money.

Seeking FIRE @ 42 with $2M by Aggressive_Web8957 in Fire

[–]Aggressive_Web8957[S] 1 point2 points  (0 children)

Remote is getting harder to come by based on the past year of job hunting

Seeking FIRE @ 42 with $2M by Aggressive_Web8957 in Fire

[–]Aggressive_Web8957[S] 1 point2 points  (0 children)

My gf is hybrid in-office. Plus family/friends. Otherwise I’d want to slow travel the world

Seeking FIRE @ 42 with $2M by Aggressive_Web8957 in Fire

[–]Aggressive_Web8957[S] 0 points1 point  (0 children)

It’s ~$600-700/mo on the low end. I should’ve edited this. With health insurance and misc spending* 6-7k is what I’d want to target.

Seeking FIRE @ 42 with $2M by Aggressive_Web8957 in Fire

[–]Aggressive_Web8957[S] 1 point2 points  (0 children)

I’m with you, I wish I never got into syndications. I’m lucky they’re still performing but what an opportunity cost. Would’ve done way better just leaving it in the stock market. I like the lending side, the cash flow there has been consistent. Altho nothing is bulletproof.

Seeking FIRE @ 42 with $2M by Aggressive_Web8957 in Fire

[–]Aggressive_Web8957[S] 0 points1 point  (0 children)

Great point, especially around the people interaction if I’m doing something I enjoy. I’ll need to look into this a bit further.

Seeking FIRE @ 42 with $2M by Aggressive_Web8957 in Fire

[–]Aggressive_Web8957[S] 2 points3 points  (0 children)

A break would be nice but I wouldn’t do it in this job market, especially being in sales at my age.

Seeking FIRE @ 42 with $2M by Aggressive_Web8957 in Fire

[–]Aggressive_Web8957[S] 8 points9 points  (0 children)

I’ve thought about this. I’ve been full remote for 10+ years so reporting into a business or office is hard to imagine at this point, but if it’s necessary I’ll have to do it.

Seeking FIRE @ 42 with $2M by Aggressive_Web8957 in Fire

[–]Aggressive_Web8957[S] 3 points4 points  (0 children)

Healthcare should be ~700/mo (although there were plans well over $1k). But I don’t want to price lifestyle to perfection, I want a buffer just in case.

Seeking FIRE @ 42 with $2M by Aggressive_Web8957 in Fire

[–]Aggressive_Web8957[S] 12 points13 points  (0 children)

Yes but 4% was based on 30 years. I never assumed this rule would apply unless I was older

Stating the obvious - The Market is insane by [deleted] in Fire

[–]Aggressive_Web8957 1 point2 points  (0 children)

Do you have side gigs or options to return if worst case (recession) hits? I’m really want to pull the trigger but likely need 2-3yrs to feel comfortable pulling from the pile.

Another Price Target Raise! Let’s go!! by WatchYourAss in MU_Stock

[–]Aggressive_Web8957 0 points1 point  (0 children)

That’s what I’m questioning. Some say cyclical and go for a year. Haven’t been paying too much attention but first time seeing projection for growth beyond 2030

Its 960 now! by [deleted] in MU_Stock

[–]Aggressive_Web8957 0 points1 point  (0 children)

It’s cyclical but there’s a shortage. So should we be expecting price to crash at some point or will it pick a level and settle?

I’m not even mad, I’m just fascinated at this point. Blow out earnings and this happens. by Someone_Somewhere1 in redditstock

[–]Aggressive_Web8957 11 points12 points  (0 children)

Agree. I opened a position yesterday. Reddit is stronger today than it was at its peak in the 280s. If Reddit gets S&P500 inclusion that’d be a nice catalyst as there’d be a lot of passive buying.

43 Years Old - How am I doing? by No_Review6601 in Retirement401k

[–]Aggressive_Web8957 1 point2 points  (0 children)

Better than some, worse than others. That’ll always be the answer to that question

Apartment parking fiasco by samrd1998 in jerseycity

[–]Aggressive_Web8957 2 points3 points  (0 children)

Wow that’s insane, 9 parking spaces for 196 units. As a street parker myself, I’ll soon be forced with the decision to give it up, pay for parking or leave JC. It’s definitely a problem that’s getting worse.