- Oct 9, 2013
- 3,471
- 14,452
The thread started off with advice for the 20's guys who CAN make money. There is loads of them. There's guys who make thousands a day, spend it, burn out and then in their 30s and 40s they're broke. This was aimed more at them.
So the original advice with the borrowing against voo is for those who have compounded to 8 figures. At 8 figures this is very doable.
At 2-3 million, you can, but you can't necessarily defer interests until death. You can take a good cheap loan then pay it back, but this is different.
because it seems bhw is a bit different these days and most people are not able to make $2mil to compound before age 30, I adjusted the advice to help people.
And it became more of a put by some of your salary and compound enough so you can actually retire(fairly early) at 50-55 and not be rich, but be COMFORTABLE and have time.
For that group, they aren't going to be able to get loans. That's ok. By the time you've compounded for 20 years you can sell 3% of your yearly interest every year for 50 years and your portfolio is still growing(even growing against inflation)
The only slight issue is that you aren't guaranteed to make 8-10% per year. Some years it might be -2%, or +3% and other years will be +20% for example.
My advice on going all in on BTC was old. I wouldn't advise that now. As I said, I'm 50% voo, 30% btc and 20% mstr. But I only ever advise others to do 100% voo, because I'm just not going to tell some poor guy making $5k/mo to put $2k/mo or whatever into bitcoin for 10 years, then the worst hits and he has very little. The s&p 500 is safe. It's just not going to do anything less than 8% over the next 20-30 years. Not unless we have another dark ages.
The s&p 500 is the largest public 500 companies. If they haven't grown at least 8% average over the next 20-30 years, then something went really wrong in the world.
