RE: Retire FIRE
You are viewing a single comment's thread:
I think the actual models don't really consider what happens during times of huge economic down turns either. For example, would the same 5% be the same when stocks crashed 50% or when it increased 50%. The market tends to take the stairs up and the elevator down so it doesn't exactly account for things correctly in the stock market.
However I do think the idea of renting houses for cash flow can probably work. But the downside is if housing prices crash so you need far more extra cash flow to account for the horrible situations. So do the models work out? No they don't but they help people save so they will be better off compared to those who don't.
I also want to build a sustainable income stream and be able to do what I want. I think HIVE and crypto has many opportunities that are good. As much as how I do decent in the stock market, I just find it annoying when an alert happens while I am busy. Thus sometimes I lose more than I really want since I don't like stop losses (market makers screw you over).
Posted Using LeoFinance Beta
I would agree with you there, nor does the models account for the real inflation in my opinion, it's just either algos doing rebalancing or fund managers doing what's best for them. Markets are a funny thing and people think they can strike it rich but if we look at the concentration of wealth you don't need to be a genius to see who is benefitting from the system and its working as intended for those people, so why should I support it?
Im personally not a fan of home rental I think its a huge waste of dead capital building houses just to force people to give you capital for a basic need. If humans had more security they are more productive and if you're renting your life away how productive can you be? I think the housing market is probably one of the biggest wastes of money, they are just shrines to boomers ignorance and is a drain on the overall economy
I wish I live to see the day housing corrects to fundamental value it will be a glorious time. It already is when you measuring it in Bitcoin but yeah lol when the rest realise it ill be pretty stoked
Yeah man trading is a pain, I don't see that being something I want to do or have a job in, it just isn't enjoyable for me. I prefer doing work and just being able to save in the hardest money available so Bitcoin works great for me. Alts sure supplement my income and fun to mess around with but I don't put too much weight on it
Posted Using LeoFinance Beta