39 years old to 46 years old = 7 years
$4.6M to $27M
Hence annualized growth rate of NW = 28.8% for 7 years
2020 is 143%, so annualized growth rate for previous 6 years = 15.8%
Are you convinced that stock investment is the way to go? At an age of 46 years old, he is now more wealthy than you and probably @ptiemann. Time for you two to quit RE
I remember you sold some AAPL to buy your CU home. Did you buy appx 100k AAPL during 1998?
Oh, ptiemann bought huge amount of bitcoin when it was $8000, he may be bigger with 4x.
Time for you two to quit RE => Always, stocks returns are more than real estate, but stocks need enormous amount of learning, it takes years to choose right stock at right price, so much complexity.
Old school. Buy the obviously hot ones. That’s what @wuqijun did. Easy for you as you are working and know what your colleagues are talking about and what tools your company are using.
I’ve never understood using IRA’s or 401k’s for positions one plans to be in long term.
IRA and 401k withdrawals are taxed as ordinary income. Long term cap gains rate is 20%. Dividend rate is 15%
I regret selling NIO around 45. Bought that I think <10 last year. Now, I’ll need to slowly buy in on dips/consolidation. With all the hype among RHs, it’s probably going to 100+.
Throw $1k and sit for 9 months. Looking at the chart, it can still go as high as $1000 before pull back and may not pull back so low as the fifth wave is extended quite a lot. If I’m lucky, make 10x over 9 months at the expense of TSLA multi-millionaires Any multi-millionaires want to pay me $10k to go away?
You may see positive value soon when market crashes drastically ( single day soon ), TSLA May down to $700 and will not go down below. This will happen within 7-10 days.
If you hold beyond the point, same TSLA will go up to $1200 and you will loose entire $1000.
TSLA puts are wild and come out when you see first day green.
Didn’t bother to count, just noted that ABC is an expanded flat. Ratio of length of 4.c vs length of 4.a is 1.618. So share price should rebound above b How long would it take? Guessing.