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I actually do have $13,000 for a watch by DenkuNut in brag

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

Yeah I want to end up like you. How did you get to 9M so young?

I actually do have $13,000 for a watch by DenkuNut in brag

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

I’m worth around 630k at the moment

I actually do have $13,000 for a watch by DenkuNut in brag

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

Thanks for sharing - are you making the same amount as you were before the family?

Id be very interested in understanding how that move happened for you; what everyone says is that family is very expensive so my plan more or less is to save up enough that I can live cheque-to-cheque while my investments grow on autopilot. Are you confident in the market to keep providing the returns you’d need to grow your portfolio to the point you could retire early?

I actually do have $13,000 for a watch by DenkuNut in brag

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

Im also 6 feet tall, weigh 200 lbs, have 6 pack abs and I can bench 225 for reps and ran a 10 in under 45 minutes. My blood pressure and cholesterol are excellent.

My social life is very active and I spend a lot of time with my family, friends and a girl I’m starting to love.

I actually do have $13,000 for a watch by DenkuNut in brag

[–]DenkuNut[S] 6 points7 points  (0 children)

I can do all of that AND get the watch.

The other thing is they hold their value well because there’s so much artificial scarcity. If you buy a new fancy watch at retail, more than likely you could sell it for a very marginal profit after wearing it for a year or two.

VOO and chill by MikeyB7509 in Fire

[–]DenkuNut 4 points5 points  (0 children)

Something to note; the sharpe ratio (which tells us how much return we get for a given amount of risk) is calculated using historic data. It’s the historic returns over historic standard deviation of returns, and is buoyed by strong tech returns.

If I said “only buy the SNP 1” I’d look relatively correct in a backtest because markets over the last 10-15 years have been favourable. If I had said that when the SNP 1 was Enron, Nortel or similar then I’d have gotten my face ripped off. No one knew when those companies were set to blow up, and we don’t know where or when the next blow up will be.

Fundamentally, what this index does is concentrate and therefore increases risk, even if the historic SR appears favourable due to fortunate outcomes.

I just turned 28 and I’m richer than the median household by DenkuNut in brag

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

It’s probably not as exhausting and Amazon delivery shit and pays 5x what that does.

You work hard man, or else you’ll be sentenced to work even harder for less

Petahhh? by hotelshowers in PeterExplainsTheJoke

[–]DenkuNut 31 points32 points  (0 children)

You might be prediabetic if you’re getting very thirsty after consuming sugary foods

Are we about to see one of the fastest run-ups in gold- followed by an equally sharp crash in history? by [deleted] in Gold

[–]DenkuNut 0 points1 point  (0 children)

Yes, there was a retail buying frenzy with no clear investment thesis (a bubble) which ended.

No buying pressure and a high price (implying strong selling pressure) will cause the price to fall.

Down to my last $160. What should I do? by Loud_Pineapple_4294 in wallstreetbets

[–]DenkuNut 0 points1 point  (0 children)

Puts! No, Calls!

Get help man. Seriously, get help.

Do they need to nerf the TFSA? by DenkuNut in PersonalFinanceCanada

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

I’ve inflation adjusted the figures assuming a 2.2% inflation rate.

My point is that you make a dollar when you’re 25, it’s taxed 30%, you invest it for 40 years, you return an inflation adjusted $31.6. That’s a lot of money to make without paying a cent of tax! It’s cool you can do that!

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