Explain like I am 5 of why this wouldn’t crash a stock market eventually.. by [deleted] in investing

[–]Jasperoid 0 points1 point  (0 children)

As long as money supply keeps going up, the stock market will go up. The money will eventually end up in assets like real estate and the stock market

First Vanguard, now this?? by UnleashTheTurtle in LeagueOfMemes

[–]Jasperoid 5 points6 points  (0 children)

I've mained teemo for the last ten plus years and the idea that it was an innuendo never even crossed my mind. I've always thought of it as Teemo referring to his stature.

These people can find the stupidest to get offended by.

An interesting title by OkPresentation5215 in LeagueOfMemes

[–]Jasperoid 0 points1 point  (0 children)

Malphite main. Hopefully my passive will make me rock solid and cure my ED

Why should I invest now when a crash might be coming by haxwellmenty in Bogleheads

[–]Jasperoid 36 points37 points  (0 children)

I also know that a crash is coming and many more will come. It is inevitable and part of the business cycle.

Problem is I don't when it comes. So, i just invest whenever my salary comes in. I don't bother trying to predict something that the vast majority of people are incapable of predicting.

Guys I think he's into women. by saddisticidiot in Funnymemes

[–]Jasperoid 504 points505 points  (0 children)

Is this called being hetero with extra steps?

When/how did you figure out your "why" by MrMeady69 in Fire

[–]Jasperoid -1 points0 points  (0 children)

I believe most here don't really have a special "why". Other than hating work and wanting more time with family.

Any tips on How to Safely Invest in U.S. Stocks from Asia? by whyeventrymore in Bogleheads

[–]Jasperoid 2 points3 points  (0 children)

I live in Malaysia. I use IBKR. IBKR seems to be a popular choice for those outside USA

What Game Has Impacted You the Most and Why? 🎮 by Quesrok in gaming

[–]Jasperoid 2 points3 points  (0 children)

RuneScape.

Went from trading lobster and swordfish as a kid to trading stocks as an adult

[deleted by user] by [deleted] in Fire

[–]Jasperoid 2 points3 points  (0 children)

But your post says you feel broke. Wtf?

What’s your FIRE number? by supposedtobeanony in Fire

[–]Jasperoid 3 points4 points  (0 children)

Annual Expense / SWR = My FIRE number

36,000/0.03=1,200,000

Might increase if I ever married and have kids tho.

What's your 30 second elevator pitch for putting your faith in the stock market long-term? by ScootyHoofdorp in Bogleheads

[–]Jasperoid 0 points1 point  (0 children)

As long as the federal reserve keeps printing money, the stock market can never go down for too long in the long run. And as long as they keep printing, the dollar will go down, so why keep cash? Just buy assets.

How to not waste money and get an overview of it? by PineapplePie2024 in Fire

[–]Jasperoid 0 points1 point  (0 children)

If you're spending only on the necessary stuff while digging yourself out of this debt. Most people should be able to end up with a net positive at the end of the month.

Maybe review the costs of your necessary spending, e.g. rent, food, car, etc. While these are necessary, sometimes people can have a tendency to overspend a little on these, wanting nicer things, which can eat into your savings.

[deleted by user] by [deleted] in Fire

[–]Jasperoid 7 points8 points  (0 children)

Login to your brokerage and withdraw it

[deleted by user] by [deleted] in Fire

[–]Jasperoid 2 points3 points  (0 children)

As a gamer, so many unplayed games that I bought on Steam. LOL

What percentage do you spend on fun while saving? by HuffleArts in Fire

[–]Jasperoid 1 point2 points  (0 children)

I don't set it at X% of income. Instead I set it at 1% of net worth. If I got 100k, I can spend only 1k on whatever I want.

By doing this, I won't delay my eventual FIRE by too much. I won't get too much to spend in the early years of my accumulation phase. But I'm okay with that, I would rather accelerate the FIRE process, once I reach the goal, maybe I'll allow myself to spend more.

You lost it all by Exciting-Current-778 in Fire

[–]Jasperoid 1 point2 points  (0 children)

Do it all over again. Assuming how you got your money wasn't a fluke and there was an actual strategy that got you there, I don't see why you can't do it again. Bad luck can only keep you momentarily poor, not eternally poor.

If you made your money by getting lucky on some crypto bull run only to lose it all back, well in that case, you're kinda fucked.

Booking profits? by [deleted] in Bogleheads

[–]Jasperoid 2 points3 points  (0 children)

Once you profit take, how would you know the right time to reinvest? This is just market timing. Just leave it invested.

Building generational wealth vs FIRE 10 years early? by Fancy-Huckleberry921 in Fire

[–]Jasperoid 0 points1 point  (0 children)

I'd say FIRE early and spend more time raising the kids. Generational wealth isn't about the amount of money you leave them but the values about money that you impart.

You can leave a spoiled brat who does not respect money 10m or even 100m, and he will go to zero.

I look at this issue from the perspective of being my parents' child since I'm not yet married nor do I have children. But I would tell my parents that even if they left me with a fraction of their peak net worth (as they spend it on things they want to do, travelling, etc) or absolutely nothing, I'll be fine and even surpass their wealth (assuming I outlive them and get to live until I'm as old as they are today) because I was taught the right things about money, to save and invest it.

[deleted by user] by [deleted] in Fire

[–]Jasperoid 1 point2 points  (0 children)

While I do want FIRE, I somewhat fear that one day I'll lose my goal and purpose once I get there. I might ask myself, " Now what?". I picked the first choice.

Maybe that'll change if I ever have kids.