You should think longer term. Your goal is to achieve FIRE? generate $100k passive income in 5/10/x years or by year x? So long you achieve that, you are successful. Shorter term sub-goals are for measuring progress only, shouldnât angst over it.
For somebody who claims he is the best in graphics and whatnot, you are an ignorant on this subject.
Something else to know: This loan isnât taking money from your own cash value. âYou are actually borrowing from the insurance company and using your policyâs cash value as collateral,â says Reich.
No Need to Repay
One attractive aspect of loans against cash value is that you donât have to repay them â a huge benefit in an emergency.
The loan is still reducing your death benefit or how much you can borrow in the future. The interest is compounding annually. So yes, youâre still paying the 5% interest. Without it, youâd have a higher death benefit.
More up and down chop with no definitive direction.
Consumer staples and materials are below their 200-day. Every other sector is between the 50 and 200-day. I donât see the market going materially higher without leadership emerging. I also doing see it going much lower without bigger sectors going below the 200-day.
I feel like the easy money would be selling short-term volatility, since we likely arenât going anywhere big. Sell out of the money puts and calls. Iâm holding my stock positions and not trading options right now.