RedPillArgumentException

about a month ago  Financial Independence

Use Monero to escape global financial establishment enslavement and surveillance if you are not rich enough to establish a transnational anonymous shell corporation in Panama or Belize. It can be your very own digital offshore account. Even Swiss banks got cucked. Volatility can be high but it's better than your money being confiscated. web.getmonero.org/

The Monero Project
Monero, a digital currency that is secure, private, and untraceable | getmonero.org, The Monero Project
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xxxmersenne

about a month ago  Financial Independence

@Shortbull I have no idea about your friends or what they're like etc, but my adivce: Water off a duck's back. If they're seriously negative about your growth, Fuck em. If it's just normie's getting their cage rattled by you trying new shit however—look them in the eye and tell them "I'm going to do this till I make it work"... or some shit like "Don't worry you can still mooch off me once I make it"

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Shortbull

about a month ago  Financial Independence

Does anyone get 'shamed' for trying to be successful? I am currently a business owner with two of my close friends and it seems a lot of people I know are sour about it. I don't parade it, hell its not even made any money yet after nearly two years, but I am not sure whether it is because I am 20 or whether people just hate on success regardless of age. Like people who were previously skinny and start lifting get comments about getting jacked

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RedPillFinance

about a month ago  Financial Independence

Time Wasters To Avoid, aka "Time is Money":

www.youtube.com/watch?v=q6sssq9gvn0

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RedPillFinance

2 months ago  Financial Independence

@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

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RedPillFinance

2 months ago  Financial Independence

@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.

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CasualPlayer

2 months ago  Financial Independence

@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.

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RedPillFinance

2 months ago  Financial Independence
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RedPillFinance

2 months ago  Financial Independence

@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:

www.magicformulainvesting.com/screening/stockscreening

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RedPillFinance

2 months ago  Financial Independence
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