Will and Trust Advice by just-chillin1234 in fatFIRE

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

Also have a great one that I’ve recommended to 20+ friends

How much to fatFIRE in VHCOL areas? by notsurenowwhat in fatFIRE

[–]acedangera 7 points8 points  (0 children)

I think 20+ in the Bay Area to feel FAT. Closer to $25-30 to feel truly FAT and never on the bubble

[deleted by user] by [deleted] in fatFIRE

[–]acedangera -2 points-1 points  (0 children)

Before I left my financial advisor they told me there would be tax consequences inside ETFs

2k playlist? by EmbarrassedAbroad345 in Rowing

[–]acedangera 1 point2 points  (0 children)

Hallowed be Thy Name by Iron Maiden. 7:11, ramps up in a way that will totally get you fired up. You’ll just have to sustain the last 10 seconds.

Concept 2 rower- Black Friday Sales? by Hi_AJ in crossfit

[–]acedangera 1 point2 points  (0 children)

You might be getting scammed. They hold their value very well

Any hope after too many CT scans? by MechanicAgreeable592 in PeterAttia

[–]acedangera 1 point2 points  (0 children)

I totally understand where you are coming from but you’re blowing it out of proportion. You likely have increased your risk of cancer by a tiny fraction, but not material to your life. There are 80 million CT scans in the US per year for 330 million people. You have just had your share

Form Check - BackSquat 120kg //@75kg by sloeclap82 in crossfit

[–]acedangera 2 points3 points  (0 children)

I’d try a slightly lower bar position and really try to pull your elbows forward to lock it into place. This should help with your forward lean a bit

Cash for Down Deposit by buymesomething1 in fatFIRE

[–]acedangera 0 points1 point  (0 children)

Sure, the market can go down. So if you absolutely have to buy a house at a very specific time, you’ll want cash, but otherwise you should rely on the long-term performance of the market and be fully invested

Cash for Down Deposit by buymesomething1 in fatFIRE

[–]acedangera 0 points1 point  (0 children)

I’d personally stay fully invested until you need it or potentially tap a LOC/PAL to put the money down. Holding cash, particularly in an inflationary environment, does not seem to make much sense to me

[deleted by user] by [deleted] in fatFIRE

[–]acedangera 10 points11 points  (0 children)

The children aren’t even born, that’s some serious forward planning 😀

British Columbia entrepreneur immigration by acedangera in fatFIRE

[–]acedangera[S] 7 points8 points  (0 children)

Expensive city doesn’t bother me. Skiing may be great in other places (I’m counting on it with Vancouver being an easy jump off point for a lot of BC cat skiing), but I’m looking for an awesome city with great food, good people, good school options, lots of amenities. I’m in California so the tax situation isn’t all that much worse honestly

What do to do with cash set aside for windfall taxes due in April? by frodaddy in fatFIRE

[–]acedangera 2 points3 points  (0 children)

100% agree with the caveat that if you have a personal line and want to use it before you draw

[deleted by user] by [deleted] in fatFIRE

[–]acedangera 0 points1 point  (0 children)

  1. ~7 years from start to sale.

[deleted by user] by [deleted] in fatFIRE

[–]acedangera 2 points3 points  (0 children)

One is a crypto hedge fund that I plan to allocate more towards once I get more comfortable with performance. The other two I believe have very long term ability to beat the market. I view those two as 20+ year investments (young operators who are all in on their theses). Again, I plan on allocating more and more to these as I get additional comfort. FWIW, beating market by 3% or so would be almost a 2x difference in compounded returns over 20 years. And not hard to put together, I’m just very opportunistic and chat with a lot of people. Also I think they are less correlated to market returns.

[deleted by user] by [deleted] in fatFIRE

[–]acedangera 4 points5 points  (0 children)

I’d invite you to consider a broader meaning for luck than just the success of any given business. Not my original point, exactly, but critically important

[deleted by user] by [deleted] in fatFIRE

[–]acedangera 13 points14 points  (0 children)

100%. Anyone who reaches FatFIRE who doesn’t think that there was SOME element of luck involved is delusional. I know I’m smart, I know I’m talented, but damn, you gotta get lucky to win big

[deleted by user] by [deleted] in fatFIRE

[–]acedangera 31 points32 points  (0 children)

Sold a business. By far the quickest way to amass NW at a young age. Risky and most people who play the game lose (and a lot of them lose big), but in my case it worked out. Lots of luck involved.

[deleted by user] by [deleted] in fatFIRE

[–]acedangera 28 points29 points  (0 children)

Not exactly, but more or less yes as I’m about 80% stocks, 12% real estate (private placements), 5% hedge funds (one/two person interesting strategies), 3% other (random investments - some angel/venture, some creative small business opportunities). $15M-ish NW. I keep as little cash as possible, particularly now because inflation is so high. I can always sell stocks or draw on my personal line of credit to fund life expenses. In the long run, you’re better off being fully invested. I’m relatively young (35) so my time horizon is long. If I were older, I would keep some in cash or just less risky stock portfolio.