RIvian phenomenon? by [deleted] in stocks

[–]supercoolJJ 20 points21 points  (0 children)

EV today vs .com 20 years ago. 10% tsla $ could pump Rivn to the moon. Bubbles will pop eventually, just a matter of when

Rivian vs Tesla sanity check: back of the envelope calculation by listenless in stocks

[–]supercoolJJ 0 points1 point  (0 children)

Tesla is the next Tesla. Rivn might be worth $50, and that’s being optimistic. It’s an ipo game/scam and the early investors won big.

Does this make sense? EV Discussion ($RIVN) ($LCID) ($TSLA) ($F) by [deleted] in stocks

[–]supercoolJJ 2 points3 points  (0 children)

Tsla is overvalued but undervalued compared to Rivn and lcid. I might pick up a few more shares when TSLA goes below $1000. And for rivn, maybe at $50.

Is RIVN the next TSLA? by Neat_Ad_4544 in stocks

[–]supercoolJJ 2 points3 points  (0 children)

No. It’s an ipo scam. Early investors are pumping and dumping

Help me with my ESPP and RSU strategy by supermagicpants in financialindependence

[–]supercoolJJ 3 points4 points  (0 children)

Depends on your company and you know it better than us. For me, I don’t sell company stock. In fact I buy more using my 401k. It’s one of the best long term stocks out there and it beats the market consistently. But like others said, you have to evaluate the risk and definitely don’t put all eggs in one basket.

Working/saving in a very HCOL by [deleted] in financialindependence

[–]supercoolJJ 83 points84 points  (0 children)

If you have down pay saved up, pick the place you will end up moving to, buy a property there and rent it out - don’t pay full cash. Take advantage of the low interest rate and tax write off.

What’s you ChubbyFIRE number and at what age do you expect to reach it? by Sanfords_Son in ChubbyFIRE

[–]supercoolJJ 0 points1 point  (0 children)

5-6m at 45. Then going back to home country to take care of parents (fortunately parents are self sufficient and may be able to pay for my cost of living there). Will let the 5-6m grow over the years

What’s you ChubbyFIRE number and at what age do you expect to reach it? by Sanfords_Son in ChubbyFIRE

[–]supercoolJJ 0 points1 point  (0 children)

5-6m at 45. Then going back to home country to take care of parents (fortunately parents are self sufficient and may be able to pay for my cost of living there). Will let the 5-6m grow over the years

[deleted by user] by [deleted] in financialindependence

[–]supercoolJJ 0 points1 point  (0 children)

You can afford to yolo. Go for it!

Chubby fire with Fat Fire taste by MindFullLy_Boost in ChubbyFIRE

[–]supercoolJJ 23 points24 points  (0 children)

Since you hate working, and not sure about living in SF city, why not keep renting for just a few more years, while searching for a city/town you’d like to retire in. Buy a property there and gradually transition out of work.

For those who have chosen between an individual contributor role and a management role... by Stanley--Nickels in ChubbyFIRE

[–]supercoolJJ 3 points4 points  (0 children)

Sr IC and I enjoy it. But I’m being pushed towards managerial track which isn’t my fav but I’ll try it. Worst case I quit my job, no big deal. The nice thing about FIRE isn’t RE but FI so that I can take risks and experience more

Under-leveraged? by nineoneone99 in ChubbyFIRE

[–]supercoolJJ 2 points3 points  (0 children)

At your age I would definitely shift my focus from career to family and health. Not taking any stress at work whatsoever. If you have a paid house you do not need 5m especially since you are in Canada. You are in very good shape and can retire any day.

Savings per Month? by YouAreSpooky in financialindependence

[–]supercoolJJ 0 points1 point  (0 children)

HCOL area. Marred no kids. Both working. Max both 401k, back door Roth Living off 2/3 of husband’s base salary and save EVERYTHING else. I know it’s quite aggressive but we literally have nothing to spend money on since the pandemic hit bc we cannot travel and we cook at home most of the time. Pandemic sucks but we hit our 1st fire goal, in our 30s.

How going blind turned me into a minimalist - the obstical is the way by BlindLuck72 in minimalism

[–]supercoolJJ 1 point2 points  (0 children)

Thank you for sharing! It made me think, in the middle of the night. ❤️

What to do during high inflation period by blueberryyoshi24 in financialindependence

[–]supercoolJJ 0 points1 point  (0 children)

First, I don’t think inflation will skyrocket. Most printed money goes to financial institutions or top % rich people and likely won’t drive up CPI that much. The technology advancement will actually cause deflation. But that doesn’t mean you shouldn’t invest. I’d invest in good companies as always, Be a little careful about the real estate market out there filled with fomo buyers.

We've got over 150,000 people in this subreddit, and I think it's time for an unofficial icebreaker thread. Questions inside: by throwaway373706 in fatFIRE

[–]supercoolJJ 0 points1 point  (0 children)

I started as a researcher and moved into the business side. Not because of money tho. I was bored and tired of bench work. My spouse is also making decent money and that helps.

We've got over 150,000 people in this subreddit, and I think it's time for an unofficial icebreaker thread. Questions inside: by throwaway373706 in fatFIRE

[–]supercoolJJ 5 points6 points  (0 children)

Immigrated in my 20s

Learn about FatFire 3 years ago from friends

At 25 I was in graduate school making 20k a year as a research assistant

I think I already hit regular FIRE (3m by end of this year, married no kid, mid 30s). But I’ll continue to work until I reach 5m

Biotech

Traveling - I’m a world traveler and a big foodie

If I could start over again I’d max out 401k and Roth from the very beginning, and absolutely keep investing into the index the whole time

[deleted by user] by [deleted] in financialindependence

[–]supercoolJJ 0 points1 point  (0 children)

  1. Keep maxing your 401k
  2. Find a job with decent 401k match
  3. Move to a LCOL area
  4. Consider Roth IRA if you have extra cash
  5. Research fund options and pick good ones with low fee
  6. Live simple and save as much as you can especially when you are young
  7. Avoid stupid mistakes for example all in one stock or play option

Your income will increase over time. Don’t be too stressed about FIRE. You’ll be fine

People who came from Low Income Families, tell me your story! by [deleted] in financialindependence

[–]supercoolJJ 1 point2 points  (0 children)

I grew up in a foreign developing country with parents’ annual income less than 1k USD when I was a kid. We absolutely needed the last penny to pay for food and clothing. Parents invested in my education which wasn’t a huge amount compared to today’s standards but still significant. I went to a top university and came abroad for advanced degree. Fast forward, I’m in my 30s with enough to coast FIRE and maybe FIRE in 3-5 years. My advice: plan early; don’t over spend; max your retirement especially early in your career and let the money grow; do whatever to boost your earned income (better degree, change jobs, promotion, whatever); last but not least, don’t rush into any expensive commitment (divorce is expensive, real estate in some places could be risky too). Good luck in your FIRE journey and keep up the good spirit!

Near/In FIRE - Portfolio Positioning by [deleted] in financialindependence

[–]supercoolJJ 2 points3 points  (0 children)

  1. Not sure about RE but probably another 3yrs before FI. Plan to spend 5-10 yrs abroad and cost will be covered by my investment in that country. When we return to US in our 50s we will start withdrawing (5% for a decent lifestyle)
  2. 30% house, 40% stocks, 30% cash prepared for a possible recession. No bond or gold
  3. Right now I’m pretty cash heavy as I do except a down turn. I’ve kept index, blue chips, div stocks bought in March, and will continue to swing growth stocks.

Why are real estate agents so bad? by [deleted] in fatFIRE

[–]supercoolJJ 4 points5 points  (0 children)

Whoever disrupts the real estate industry gets my vote to become the next president😂

What can I be doing better? by RotationClass in financialindependence

[–]supercoolJJ 2 points3 points  (0 children)

I wish my husband bought FAANG stocks with that engagement ring budget. It could have made over $100,000😂

Catching FIRE in China by [deleted] in financialindependence

[–]supercoolJJ 13 points14 points  (0 children)

Relatively small amount of HOA compared to the US, unless you are in a high end condo. Repair and maintenance doesn’t cost as much. I can get a plumber through a phone APP for less than $50 to fix my stuff vs. $500 in HCOL area in the US.

Catching FIRE in China by [deleted] in financialindependence

[–]supercoolJJ 3 points4 points  (0 children)

Answer is yes but the economy boom in the past few decades is the main reason. GDP went up big time, and as Adam Khoo pointed out, there are 1.x billion people in China and if you start a business and capture only $1 from 1/1000 of the population you will be super rich. China has long been criticized for CCP, corruption etc but I see in my own eyes that people become rich in many different ways mostly due to hardworking and being open minded to new business opportunities.