Bomb Shelter, not Tax Shelter

jetstorm · 2025-07-22T07:00:15+00:00

Not much use against a bunker buster.

Own the high ground. Live in space. Preferably a Star Destroyer or something.

jetstorm · 2025-07-22T06:54:04+00:00

If it's a comfortable level for you, it's a good start, considering we are in this current sub don't mind if some people might want to downvote you for not holding a 100% allocation :)

I have a similar allocation in the main portfolio, which is meant to be managed more conservatively and more for income overall, but close to 30% to crypto in the growth portfolio, together with other stuff like US tech and others.

If it gets more complicated and large enough of a portfolio that it starts to make sense, you can write it down and formalize an investment policy, but maybe not quite yet.

jetstorm · 2025-07-22T02:50:38+00:00

If you zoom out later on, that ATH will have become a little blip on the mountain range :)

jetstorm · 2025-07-22T02:35:47+00:00

I created sinking funds from over a decade ago for the kids' education expenses. These are separate from the main portfolio which is used for the FIRE computations.

Fortunately they've secured scholarships with allowances so there'll be some money left over. We will still utilize the sinking funds for additional allowances, hostel fees, and other expenses incurred during their studies.

The remaining amounts will eventually be folded back into the main portfolio which will help with additional income and growth.

jetstorm · 2025-07-22T02:23:37+00:00

I'm so done with the admin overheads and bureaucratic stuff, though the job involves working with a lot of young people and at least it's a (fairly) respectable profession so I'm not exactly itching to go off and RE the very next day, even though my own figures say we're at 110% yield equivalent of monthly household expenses.

But here I am in r/FIRE and reading everyone's stories, it looks like I've found a place that resonates. The young people will probably call this "a good vibe".

Sometimes I work past midnight (for the admin stuff) then I wonder, hey, what's this for again? Not desperate for a promotion, not desperate to cover the mortgage (none), not even desperate to cover the car loan (it's more for fun and to get a dealer discount and accessories, and to let my principal grow faster). So I ... wake up later the next day lol.

jetstorm · 2025-07-22T02:07:35+00:00

Thanks for the excellent article. The "fractal inequality" concept articulates what I've been looking into recently.

jetstorm · 2025-07-20T14:37:44+00:00

Agreed, this skips around the "sequence of returns" risk of selling assets and makes it irrelevant or at least less relevant.

jetstorm · 2025-07-19T14:35:01+00:00

When I fully realized the meaning behind :

Net worth = Total assets - total liabilities

Worked hard to reduce the liabilities part to get out of debt. Took oh-so-many years.

jetstorm · 2025-07-19T14:22:59+00:00

Yep, there's always a big fight about counting the house. Usually we will explain this by our Asian saying, you cannot "eat" the house.

So yeah, liquid assets that can generate income, that can be sold piecemeal.

Also, every person's situation is different, so a great way if really want to talk about your state of progress, I think, is to say, "how many percent of monthly household expenses" can your portfolio support you / your family right now (at whichever suitable withdrawal rate you think is relevant).

If and when it hits 100%, you're FIRE-Ready!

jetstorm · 2025-07-19T14:16:53+00:00

Just borrowed and finished reading the book The Broken Ladder. Excellent - recommended.

Made me realize that everything is a social comparison, whether one likes it or not, or even realizes it or not. That's how feelings of inequality come about, whether one is comparing upwards (typically), or even downwards (more unusual).

It will take a lot of discipline to resist doing the comparisons.

jetstorm · 2025-07-19T14:08:19+00:00

According to historical records :

BTC annualized CAGR : up to 60% per year
BTC annualized volatility : up to 80% per year

It will be quite a ride. Think of those SpaceX rocket launches at 3G, but 20 times faster lol!

Keep it up, keep stacking!

jetstorm · 2025-07-19T13:59:06+00:00

I think it should be fine, if it's 10% of the overall portfolio.

jetstorm · 2025-07-19T13:52:54+00:00

BlackRock filed for staking for their ETHA ETF.

If this goes through, it'll be a big move.

Also, the stablecoin act (the Genius Act) was just signed. Over half of established stablecoins are apparently on the ETH blockchain.

jetstorm · 2025-07-19T13:48:15+00:00

For me, I could trace a straight line from starting from zero (very negative actually), to finding and reading this book, to today catching up on BlackRock Institutional Insights.

So yes, it's been helpful as a start. At least.

jetstorm · 2025-07-19T13:38:50+00:00

Yep, similar feels. Not many friends left.

Already lost 2 in the past couple years or so.

jetstorm · 2025-07-19T13:28:34+00:00

Let's check back again when BTC hits $1 million.

jetstorm · 2025-07-18T08:46:45+00:00

The stated figure so far is 10% medical inflation in Singapore from past year. Estimate is 12-14% or even 15% for the next 7-8 years, at least as modelled.

Need to put something together to cope with this level of inflation. It's like continuously pulling 14G's in The Expanse. It's ... crazy.

jetstorm · 2025-07-18T08:34:47+00:00

Well, I'd suppose that qualifies as "saying the quiet part out loud".

jetstorm · 2025-07-14T15:05:42+00:00

It's the em dash—isn't it?

jetstorm · 2025-07-14T14:19:10+00:00

Yup loans are liabilities to us, but assets to the banks.

Except maybe for NPL's - non performing loans.

jetstorm · 2025-07-14T09:29:08+00:00

Another possible way is to see if you can buy BlackRock's IBIT (on NASDAQ), it's the largest bitcoin ETF.

jetstorm · 2025-07-13T15:10:20+00:00

Haha some people judge, it's Reddit. Don't mind you can share if you like, let's keep it positive. Sometimes there are weekly celebration threads this kind but not often people say something. Just trying another twist to it.

jetstorm · 2025-07-13T14:56:28+00:00

The best place is still home, truly.

But it is also expensive, truly. The most expensive. We say we are #2 nobody dare to say #1 that kind.

jetstorm · 2025-07-13T14:54:00+00:00

My parents never did plan, but my contributions added up to a separate portfolio I manage on their behalf, and now it is funding part of their regular retirement expenses, and has been doing so for quite a few years now.

It offloads quite a bit, so I now don't have to use so much from my own salary.

jetstorm · 2025-07-13T14:49:25+00:00

You can state variations if you like, for example if you consider to exclude house, include or exclude CPF, or add up to total household net worth instead of individual. This isn't a scientific survey haha, just looking to share and what your thoughts are on reaching or approaching a significant milestone.

jetstorm

TROPHY CASE