Subnostr

My "Retire at Age 50" plan is based on saving around 30% of what I make and putting half of that in BTC, and the other half on speculative assets.

The classic thesis that the younger you are the riskier you can invest is bollocks. The younger you are, the SAFEST you can afford to invest, because you have TIME to make up for lower yields and to compound.

When you are old(er) and for XYZ reason haven't been financially capable of building up that nest, like so many people around my age now, that's when you have to go balls to the wall and look for maximum yield, all be damned.

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Discussion

mrclownworld 2y ago

Saving in a currency that doesn’t suffer debasement would be simple… work for 40 years and live on 66% of your income, then retire for 20.

Same logic should apply with debased money if you can find an instrument that keeps up with debasement. Unfortunately boomernomics have inflated all hedge assets beyond their actual hedge, complicating this strategy for everyone - young people priced out, old people with an overvaluation on their hands

Gonna be a nasty unwind

hh 2y ago

Yes, that's the underlying reason, weak fake fiat money that makes it impossible to save and to progress.