Yup.
> On Jan 12, 2021, at 3:56 AM, Forrest Christian (List Account) > <li...@packetflux.com> wrote: > > > Let's just assume you had $250K to park in low-cost stock market index funds > and had 20 years to just let it sit there. > > Let's assume that the stock market return is around 10%/year like has been > typical. > > In 20 years, you would have just under $1.7 million. And, on average would > be returning 170K per year. This is assuming you just planted it in an > index fund and didn't touch it, or add to it, or anything else. > > >> On Mon, Jan 11, 2021 at 6:57 PM Matt Hoppes >> <mattli...@rivervalleyinternet.net> wrote: >> My goal someday is to get to the point that I can live off investments. But >> even then I still want to do “something”. >> >> I see money as a necessary evil to live. But I don’t live for money. >> >>>> On Jan 11, 2021, at 8:55 PM, Matt Hoppes >>>> <mattli...@rivervalleyinternet.net> wrote: >>>> >>> >>> Correct assumption. >>> >>>>> On Jan 11, 2021, at 8:42 PM, Ryan Ray <ryan...@gmail.com> wrote: >>>>> >>>> >>>> I'm just going to assume Matt doesn't have 10mil to throw to someone to >>>> day trade. You can make 1000 a day pretty easily right now, but be aware >>>> of what is happening in the markets. >>>> >>>>> On Mon, Jan 11, 2021 at 12:28 PM Mathew Howard <mhoward...@gmail.com> >>>>> wrote: >>>>> Well, that depends, if you're playing with ten million or so, it probably >>>>> is >>>>> >>>>>> On Mon, Jan 11, 2021 at 1:37 PM Ryan Ray <ryan...@gmail.com> wrote: >>>>>> I think we all know that $1000 per day isn't sustainable. >>>>>> >>>>>>> On Mon, Jan 11, 2021 at 11:23 AM Cameron Crum <cc...@murcevilo.com> >>>>>>> wrote: >>>>>>> I'd say if any money manager plays with your money as often as you do, >>>>>>> he either has very few clients, doesn't really know what he is doing, >>>>>>> or is a crook. No good money manager will move your money around that >>>>>>> much unless they are trying to create fees for themselves. It is just >>>>>>> too risky and requires too much attention. If you can make 1000 a day, >>>>>>> I would ask, why are you doing anything else? That is at least >>>>>>> 22k/month with little overhead but the electricity to run a computer. >>>>>>> Compounded, that is a pretty nice salary with very little effort. If I >>>>>>> could make 1000/day every day with no overhead, I wouldn't be doing >>>>>>> anything but that. >>>>>>> >>>>>>>> On Mon, Jan 11, 2021 at 1:12 PM Steve Jones >>>>>>>> <thatoneguyst...@gmail.com> wrote: >>>>>>>> I got my IRA report and had 17 percent return last year. You can put >>>>>>>> your money in my ira if you want >>>>>>>> >>>>>>>>> On Mon, Jan 11, 2021, 1:09 PM Gino A. Villarini <g...@aeronetpr.com> >>>>>>>>> wrote: >>>>>>>>> Bitcoin? >>>>>>>>> >>>>>>>>> >>>>>>>>> >>>>>>>>> Gino Villarini >>>>>>>>> Founder/President >>>>>>>>> @gvillarini >>>>>>>>> t: 787.273.4143 Ext. 204 >>>>>>>>> >>>>>>>>> >>>>>>>>> www.aeronetpr.com | Metro Office Park #18 Suite 304 Guaynabo, PR 00968 >>>>>>>>> From: AF <af-boun...@af.afmug.com> >>>>>>>>> Date: Monday, January 11, 2021 at 11:56 AM >>>>>>>>> To: AnimalFarm Microwave Users Group <af@af.afmug.com> >>>>>>>>> Subject: [AFMUG] Hiring a company fund manager >>>>>>>>> >>>>>>>>> We have a sizeable amount of money sitting in a bank account right. >>>>>>>>> This >>>>>>>>> has been collected from various jobs that were rather ludicrous over >>>>>>>>> the >>>>>>>>> past year. >>>>>>>>> >>>>>>>>> There are several options for what we can do with these funds.... we >>>>>>>>> can >>>>>>>>> let them sit in a bank account until we need them and use them, and >>>>>>>>> then >>>>>>>>> go away. >>>>>>>>> >>>>>>>>> Or we can invest them (which I've started doing). However, this is >>>>>>>>> one >>>>>>>>> more thing to add to my plate of things to manage on a daily/weekly >>>>>>>>> basis. >>>>>>>>> >>>>>>>>> Through investing in ETFs and purchasing Option Call/Puts I've been >>>>>>>>> able >>>>>>>>> to return about $1,000/day. This isn't consistent - but over a week a >>>>>>>>> gain of several thousand is not out of the question. Even on a market >>>>>>>>> red day like today, our portfolio is up. >>>>>>>>> >>>>>>>>> My question is, has anyone here either done it, or considered hiring >>>>>>>>> a >>>>>>>>> full-time person to essentially manage surplus cash and make it print >>>>>>>>> more cash through investing? If done right, I feel like this could >>>>>>>>> potentially finance a lot of future projects we want to build. Of >>>>>>>>> course, hire the wrong person and you lose all that money... >>>>>>>>> >>>>>>>>> -- >>>>>>>>> AF mailing list >>>>>>>>> AF@af.afmug.com >>>>>>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>>>>>>> >>>>>>>>> -- >>>>>>>>> AF mailing list >>>>>>>>> AF@af.afmug.com >>>>>>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>>>>>> -- >>>>>>>> AF mailing list >>>>>>>> AF@af.afmug.com >>>>>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>>>>> -- >>>>>>> AF mailing list >>>>>>> AF@af.afmug.com >>>>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>>>> -- >>>>>> AF mailing list >>>>>> AF@af.afmug.com >>>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>>> -- >>>>> AF mailing list >>>>> AF@af.afmug.com >>>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >>>> -- >>>> AF mailing list >>>> AF@af.afmug.com >>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com > > > -- > - Forrest > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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