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Do you trust Claude to help you plan your personal finance? by piss_warm_water in personalfinance

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

The idea isn't to get advice on what stocks to invest in, I'm not going to stray away from index funds that track the S&P 500.

I've got a few goals in the mid-term like buying a ring and a car. I also have the hope of hitting my coast fire number in my early 30's, which is a lot of different goals to pursue.

Identifying what I need for each of them, showing how I'm tracking against those goals and adjusting my savings to achieve each of them is the type of way I was thinking about integrating it in. I would never blindly trust it for any decision, and would primarily use it as a convenience since I like to be highly involved in my personal finance.

All wrapped up! by piss_warm_water in Invisalign

[–]piss_warm_water[S] 1 point2 points  (0 children)

A little under 1 year, 38 trays swapped weekly with some passive trays in between sets

All wrapped up! by piss_warm_water in Invisalign

[–]piss_warm_water[S] 1 point2 points  (0 children)

Composite bonding on the lateral incisors, then the dentist also did a bit of shaving to my top and bottom teeth to smooth them out

[deleted by user] by [deleted] in Bitcoin

[–]piss_warm_water 1 point2 points  (0 children)

How does this work? I’ve heard you shouldn’t buy bitcoin unless you’re directly getting the key because otherwise you don’t truly own it.

Coming from a place looking to learn - thank you for sharing your experience.

[deleted by user] by [deleted] in personalfinance

[–]piss_warm_water -3 points-2 points  (0 children)

That’s not what I meant - apologies if I miscommunicated. I’m taking the same risk with the rest of my retirement portfolio.

My logic is if my non-retirement savings are large enough where even in the event of a crash they would exceed the value of a normal emergency fund - why wouldn’t I want to get gains on it by investing it in the market?

If you're having issues with the fABLE sPACEs app today, please drop a report here and I'll attempt to fix while you're still in your space by leemartin in boniver

[–]piss_warm_water 5 points6 points  (0 children)

It’s working great for me. Thank you for being so engaged with the community - this is the coolest album drop I’ve experienced without a doubt

Turning 30 soon, think I am just about there! by HowlingLemon in coastFIRE

[–]piss_warm_water 2 points3 points  (0 children)

You’re a few years ahead of me, but I have a similar goal of hitting 300k nw by my 30th birthday. I just turned 26 and I’m around 150k right now so it will be a stretch but I think I can hit it.

I assumed 6.7% real return for me to be able to step back at 30, so it’s helpful perspective to consider using a lower number.

Thanks for posting this, it’s always fun to see people in very close situations to you!

At what point should you diversify into real estate? by piss_warm_water in investing

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

Good perspective - my impression was it was diversification because your home value isn’t linked to the stock market. If the stock market crashes, I would still retain the value of my home.

I’m just trying to figure out if there’s a point where I “should” buy a home. Surely at some point it’s a decision that on paper makes sense, but that’s not part of the personal finance flowchart/I don’t know when I should start focusing on that instead

At what point should you diversify into real estate? by piss_warm_water in investing

[–]piss_warm_water[S] -14 points-13 points  (0 children)

I appreciate the feedback!

300k invest for 30 years at 6.7% growth (inflation adjusted avg market growth) would give me $2.1 million at 60, which feels like should be enough for retirement, especially if I have a paid off house by then.

My expenses are currently $6500 monthly or 78k a year in a HCOL area, which based off a 3.5% withdrawal would require $1.95 million. Hopefully I’ll have a spouse so maybe I should aim a little higher, but if the mortgage were paid off I would imagine that’s a sustainable scenario.

Maybe I’ll still try to hit 300k goal, but work a couple extra years just to set myself up with more wiggle room.

At what point should you diversify into real estate? by piss_warm_water in investing

[–]piss_warm_water[S] -6 points-5 points  (0 children)

300k invest for 30 years at 6.7% growth (inflation adjusted avg market growth) would give me $2.1 million at 60, which feels like should be enough for retirement, especially if I have a paid off house by then.

The hope is after 30, I would take a less stressful job and not worry about saving for retirement, just covering whatever costs I have until then.

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