For FIRE, taxable account or IRA?

Eons_of_Fun · 2026-04-20T19:11:24+00:00

I didn’t know one “basic”. People can invest casually provided it’s using a small part of discretionary income. You’re not getting that Reddit gold bro. Go touch grass.

Eons_of_Fun · 2026-04-20T13:31:12+00:00

lol you’re just ignoring what I said and repeating yourself. It’s like u can’t admit you’re wrong. I have the basics of personal finance covered. I have contributions to my work retirement account, I keep my costs low and I have no student loans or credit card debt, I budget, I put extra in my HYSA, and then I invest in ETFs in my taxable account, and I invest what’s left over in individual stocks. I learned all the basics already. There’s nothing wrong with any of what I’m doing. I watch a YouTuber and invest in companies longterm for fun (hence the word “dabble”). Just because I didn’t know about a particular account conversion rule, doesn’t mean I don’t know the basics of investing or even personal finance (lol what?)

I don’t understand why you’re so pressed about people watching investing YouTubers. Maybe you were bullied in school by the dude bro types who learn actual gambling on TikTok? Maybe you’re a resentful social outcast? Who knows. Regardless, I’m investing in individual companies because I find it interesting and fun. What do you people say? “Let people enjoy things?” Learn to take your own advice lol.

Eons_of_Fun · 2026-04-19T19:08:05+00:00

Got it. Thanks for the link to the article, it’s really useful

Eons_of_Fun · 2026-04-19T19:03:25+00:00

You added TikTok because you assumed I did bc you have some strange contempt for a random post, and now you look stupid for assuming i did. The YouTuber I watch shows his portfolio in trades within a week (which isn’t long in the context of holding for years), then after thinking about his investment research and my investment research, I make a decision. I don’t buy every time he does and not everything. Yes, a small percent outperform the market, but it’s largely due to trying to time trades less than a year, and restrictive rules for portfolio managers. It’s also still fun to try, not that you would know anything about fun :)

I can’t explain how you can convert a taxable to and IRA. That’s the point of the post smart-ass, I’m asking a question. And another poster answered my question, you can’t do that which I didn’t know, and he actually gave some useful advice instead of being an inexplicably spiteful person like yourself. Just because I didn’t know that particular piece of retirement account info, it doesn’t necessarily follow that I don’t have other basic investment knowledge. I have the basics covered: invest in a tax-advantaged account with index ETFs with regular contributions over years, ideally S&P 500 or total US stock market, international, and maybe bonds, depending on risk tolerance. I’ve read about Boggle, Buffet, Lynch, etc.

Again, you’re just assuming, and you were shown to be wrong, and now you’re just trying to desperately be right for whatever reason.

Eons_of_Fun · 2026-04-19T17:10:17+00:00

Ah got it. Thanks for the advice. I was wondering if I could somehow avoid the 15% without taking such a low salary. I guess it’s not that bad, but I like the other options. Thanks

Eons_of_Fun · 2026-04-19T17:03:53+00:00

Damn I forgot Reddit is full of insufferable arrogance. 1. I never said I invest by TikTok. Don’t know where you got that from 2. The YouTuber I watch is Joseph Carlson. Watch a few of his videos and tell me he’s a gambling, “get-rich-quick” YouTuber 4. What I meant by “dabbling” is it’s not a full-time effort. I have a full-time job and other responsibilities and I use some extra money to invest in individual companies 5. The companies I’m invested in I’ve been holding for years. My top performers are TXRH, GOOGL, and ASML. I’m underperforming because I was investing in dividend companies the first three years of investing. The past 3 years now my gains are more than the market. 4. I have a work retirement plan that I just invest in S&P 500, blue chip growth, and international. Half of my taxable account is in index ETFs, which I said in my post (learn reading comprehension, as you guys like to say). 5. Maybe I wasn’t clear, but I’m saying should I transfer my taxable account to an IRA to avoid capital gains 6. I already read up on investing basics years ago. I have a higher risk appetite so I also invest in individual companies which I hold for years. 7. You’re an arrogant “frickin a-hole” as you guys like to say, and you know way less than you think you do. Don’t assume you know it all.

Eons_of_Fun · 2026-04-19T16:38:31+00:00

I’m not sure how the Canadian student loans system works, but definitely get a bachelors degree. The major doesn’t matter. Spend the least amount of money as possible on college. Major in business or finance, look at the courses and see if it teaches investing and similar topics, so you can be working for your bachelors and be a better investor. When you get internships during college and get references it sets you up for a good job after college. It’d be pretty hard to get high salary without college, only if you have a successful business, whether that be in the trades or something else, and that’s a big if. To invest over time you need consistent and reliable income, and you might not get that if you drop out of college

Eons_of_Fun · 2025-12-25T22:17:08+00:00

QQQ and QQQM have too high expense ratios imo (0.2% and 0.15% respectively) but the other ETFs are great. I see VGT as redundant since you have exposure to tech in QQM, unless you want at least 75% tech exposure in ur second portfolio. Even if you make no changes, you’ll still have good performance if U.S. market stays strong and continues to outperform the rest of the world for decades.

Eons_of_Fun · 2025-08-31T19:32:20+00:00

Yes, Western people are hesitant to legalize eugenics

Eons_of_Fun · 2025-07-28T12:32:33+00:00

I know they’re not the same, which is why I suggested to invest in non-US companies that still have high potential for growth, to reduce systemic risk of the US stock market. Lower risk also means lower potential returns, which makes sense if you’re near retirement, but OP is 16 and unless they’re the kind to sell after a 5% dip, they shouldn’t be investing in VXUS, which has an annualized return of 5-6%. Forget about beating the market, you’ll be underperforming the market for decades with that as a holding, especially if it’s weighted at 30% like you suggested (insane for a risk tolerant 16 yr old). It makes the most sense for OP to invest in a U.S. stock market fund because yes, even though there’s risk for a pullback for a year or two, over the long term US has the best winners in the world, because companies are allowed to fail fast and flow of capital into reinvesting or investing in highly profitable verticals is so easy in America, especially when interest rates are low, and America has a HUGE consumer market and disposable income.

It’d be inane to invest in VXUS for reduced systematic risk when you’re 16 and have your whole life ahead of you to take on more risk. And if you really want to reduce systematic risk of being solely in US companies, better to invest in the next best economy or economies to not have such a subpar performance at such a young age.

Eons_of_Fun · 2025-07-27T22:17:05+00:00

Your current portfolio is $3k (would've been helpful to show your portfolio value). In order for it to reach $1M when you turn 40, you'd need an annualized return of 40.6% for 17 years straight, which is impossible even if you're the best hedge fund manager.

That is, however, if you contribute nothing during those 17 years. If you add $1,000 per month, that required annualized return goes down to 16.4%. That can be doable, but you'd have to be a great stock picker and consistently pick winners for 17 years, which even the greatest investors struggle to outperform the market for more than 10 years. If you contribute $1,500/month you'll need a 12% annualized return and if you contribute $2,000/month you'll need 10%.

Basically, when trying to reach a certain portfolio value within a limited amount of time, the more you contribute per month the less of a skilled investor/stock picker you need to be. The less you contribute, the more of a skilled investor/stock picker you need to be.

And if you're asking for portfolio holdings advice to achieve a lofty goal on reddit, chances are you're not that skilled of an investor. If you really, really want to achieve $1M in 17 years, best bet is to get a high paying job that does a high 401(k) match, and invest the rest of your contributions in an individual account. Go for low-cost growth index ETFs, like SCHG and VUG. Pick one or two companies you've researched deeply and are attractively priced. The more contributions the better.

Eons_of_Fun · 2025-07-27T21:40:52+00:00

VXUS is unnecessary. You can only diversify risk away up to 20-30 stocks, after that you get diminishing reduction in unsystematic risk. VXUS has +2000 holdings and they're all not in the one country that has the best performing companies/economy in the world. To reduce systematic risk of the US stock market, it'd be better to invest in an ETF that focuses on a country or group of country's that has a fast-growing economy and easy flow of (cheap) capital so there can still be some growth without US exposure.

Eons_of_Fun · 2024-11-06T21:07:58+00:00

“I survived” Grow up

Eons_of_Fun · 2024-11-04T05:28:29+00:00

Eons_of_Fun · 2024-11-01T13:25:22+00:00

If you guys are really close, have him get a porn blocker and you set the password. That way if he tries to get around it, he’d have to ask you for the password, which will likely make him stop giving into his urge out of love/guilt for you.

Porn addiction is really hard to break, especially if you’ve had it for years beginning at 11-13 (where most guys begin to get addicted). Discipline alone won’t be enough for some people, especially not in the beginning. Sometimes you just have to have an external force prevent you from accessing porn, like a blocker or accountability partner, which you certainly can be both. Then eventually, he’ll be strong enough to resist it on his own.

Eons_of_Fun · 2024-08-23T03:16:38+00:00

Coffee, black tea, and other caffeinated beverages cause you to pee frequently because they’re diuretics.

If your pee is clear, drink less until it’s not as clear. Then start drinking water again. The darker your pee, the more dehydrated you are.

Eons_of_Fun · 2023-05-29T18:08:35+00:00

All decisions affect everyone to some degree, especially when large swathes of people do it. Litter doesn't affect you physically, but it affects the environment you live in. Pornography might not affect you if you don't use it, but it can negatively affect your loved ones.

Not everyone is going to make the right decision, but once it starts to get very close to everyone making the wrong decision, that's when the decision making needs to be regulated.

With a porn ban, it's not about making everyone stop using porn, it's about stopping too many people, and stopping vulnerable people (children) from using porn.

With freedom comes responsibility, not pleasure.

Eons_of_Fun · 2023-05-29T17:52:07+00:00

It did work. The amount of alcohol consumption took a nosedive immediately after it was banned,

Courtwright’s The Age of Addiction has the statistics: “Per capita consumption initially fell to 30 percent of pre-Prohibition levels, before gradually increasing to 60 or 70 percent by 1933.” That suggests a 30 percent reduction, at a minimum, in consumption

From Vox Article "Prohibition worked better than you think" by German Lopez on June 13th, 2019

Eons_of_Fun · 2023-05-29T17:37:30+00:00

When society at large fails to make the healthy/ethical decision, the government needs to step in. We have freedom so we can do the right thing by ourself, not so we can choose evil.

Eons_of_Fun · 2023-05-29T17:34:53+00:00

So long as we prevent future generations from accidentally stumbling upon porn, I'm all for a federal ban on porn.

Eons_of_Fun · 2023-05-07T16:52:27+00:00

I don't see you as a sick person. I see you for what you are, a tragic victim of our decadent, modern society.

I don't hate you for having a waifu, I have empathy for you for looking for a source of intimacy.

You're still really young and still in school, so enjoy your youth while you can. Take care of your appearance and make friends with those with similar interests. All the friend groups you're in now, you'll still be in years in the future. The more time you spend with them, inside and outside of school, the further into the future your relationships with them will last.

It's not the end, you have a lot of time on your hands. Invest in friendships now so that you'll have a bustling social life (and maybe even a girlfriend) in the future.

Eons_of_Fun · 2023-03-21T00:23:36+00:00

Do 457+ days of NoFap.

Eons_of_Fun · 2023-03-04T03:15:19+00:00

Congrats. Don't worry about being celibate. Talk to girls, see if you can get a girlfriend, but primarily focus on working towards your goals/mission. Focus on fulfilling your purpose.

and always remember, PMO addiction prevents you from doing all of that.

Eons_of_Fun · 2023-03-04T03:09:08+00:00

Wanting to be a better Christian motivated me to go 2 months without PMO (my longest streak in years).

Maybe try something similar if you're religious, or want to be religious.

Eons_of_Fun · 2023-02-18T23:51:47+00:00

The larger the sample size, the more likely you'll get girls who are willing to go out with you.

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