@CasualPlayer To put this into perspective, say you max out a Roth IRA from 18-20, that's $12,000 out of pocket. Compounded at 23% until you're 59 years old that all adds up to over $48M. And because we're talking about the Roth that's entirely tax free.
If you kept the Roth going (still using the magic formula) never making another contribution, but created another taxable account adding say $5000 a year from age 20-25, when you hit 45 you'd have over $2.7M, at 49 you'd be sitting on over $7M, and if you never touched it then by 59 that account would add up to another $60M. Granted taxes would eat up a good chunk of that over the years, but that's besides the point.
Here's the calculator I used: www.investor.gov/additional-resources/free-financial-planning-tools/compound-interest-calculator
Read More@adam-l well it makes sense, women always try to marry up and the caste system should supposedly stop hypergamy up to certain major extent.
i believe there are some redpilled indians in this forum, you could ask what they know about the topic.
@CasualPlayer To be fair with the market looking at a pullback and the time sink valuing companies can be, I'm on the verge of converting over to the magic formula investing strategy sine it's easier to maintain long-term.
If you've seen my videos or the livestream then you know I'm a HUGE fan of the keep it simple stupid principle. The less complicated something is, the easier it is to maintain over the long-term, and less likely things are to break down. And Rule 1 is to not lose money, so obviously the simpler the strategy the safe you should be.
Lastly, the Greenblatt methodology has done far better long-term than what my value investing strategy was built for anyway. I'm valuing companies looking for 50% moats with 15-20% annual returns. His system does 20-30% over the past 25 years. IIRC the nominal retail investor would have gotten a 23% annual return using his system without fiddling with a thing. That beats my 15-20% and rookie mistakes I made in the past couple of years.
Read More@RedPillFinance thanks for your reply, figured out i should do more learning on my own and ended up on yahoo finances, sec.gov edgar and morning star. i ve condensed phil town sticker price formulas but im still a little lost with all that fucking math, but oh well if thats what it takes to make an educated guess in the market so be it. i have a little watchlist on yahoo finances, looking foward to watching your video, and thanks for your time again, i really appreciate it.
@CasualPlayer You're speaking my language. I was using marketwatch, but I created watch list inside my M1 Finance account. When I do valuations I use a couple of places. yahoo finance is a big part of it. Lots of info.
I'll do a video at some point where I walk through how I actually do a valuation of a company. It's really not as complicated as people think. Personally I follow the keep it simple stupid principle and use the screener over at magic formula to filter out crappy companies:
just finished reading rich dad poor dad and rule #1 investing by phil town, im into the idea of investing. my question is to any of you who are into it, what sites do you use to gather information like ROIC, sales growth rate, earnings per share (or bvps) and cash flow of any company?.
also what programs/websites do you use to monitor stocks? im trying to understand yahoo finance and a few other websites at the moment. lots of options and numbers but it must not be that hard with a little experience in...
