Any tips on this successfully? I gave up, if she wants to keep her money in cash-like accounts, so be it. (No joint anything, everything split and it works well for us over many years). My strategy is to focus efforts at a good time, like house purchase thatâs driven by her, to re-attempt again on any joint strategy.
Side note - I believe you are part of the moderating group and thanks for your time and effort on this! Very appreciated.
I believe the UPRO/TMF approach is as per this thread Thoughts about Hedgefundie's adventure? . Really interesting read to consider, I wonder how it would fare in a prolonged correction (18-36mo) however.
I am very far away from it, but my idea is to not buy crypto if crypto portfolioâs value is more than 5% of my main stocks + fixed income portfolio. If it is more than 10% of the same, sale the part above 10%.
Well, it also depends on the goal. My goal is currently to grow wealth by saving and investing, and my thinking is geared towards this goal. A significant majority of forum members are in this situation.
And I think that passive index is the best way for it.
No need to spend time to do own research. You need it to do your actual job and earn money.
You can keep fees down. In the accumulation phase, during an exponential growth of the wealth, every few bp of CAGR count.
I donât have a specific retirement date in mind and it doesnât look like I will have an early retirement. What I am targeting is to have some extra in addition to a regular pension. The pressure is much lower, I can outwait most things.
For someone who has 5+ millions portfolio and wants to live from it, the situation might be very different. I will totally understand if this person creates a hand picked portfolio of superboring utilities, cantonal banks, insurances and consumer staples. Take stocks that produce regular and steady income, which are long time in their businesses and donât hurry to grow at any price. There is a huge chance that this portfolio will underperform the index, but who cares?
If you have won in the game, stop playing.
Another extreme would be someone taking more risk to become rich faster. Canât recommend it. We always hear about people making crazy money with crazy bets, but itâs because it is rather a very seldom exception. Unless you have a specific point, it is not very sexy to make stories about people who ruined themselves by taking risks.
We just donât earn that much. Among the members of this forum, out income is pretty low .
We have good, convenient and fulfilling jobs and are not in a hurry to quit.
I am not pushing myself and my family to save more for the sake of maybe early retirement now when children are in the best age to discover the world with us.
As you probably have guessed from my previous messages, I donât want to take more risk than necessary. We have our portfolio, our assets allocation and are riding the market.
I can outwait many things while working and saving, but I am very cautious in starting an early retirement. To do this, we should be in a very comfortable situation.
Currently I have converged to 2M CHF in todayâs value as a target for the portfolio size that should complement our pension income after a regular retirement, plus minus few years. We should reach it by the retirement age.
I would start to think about some type of early retirement if we would have 5M CHF in todayâs value. But even in this case we wouldnât be in a hurry, I guess. I find there are not so many fun things that you can do while children go to school.
I stopped calculating how much we have paid in into our portfolio and, respectively, P&L. One reason was looking at inflation adjusted values of stocks indices etc. 1000 CHF paid in 2020 was worth more than 1000 CHF now. So, itâs only the current value, and the assets allocation, that counts.
I am rather sceptical about the whole FIRE idea, and it also doesnât look like we, as a couple, can afford it. Anyway, not before children become independent. I think that retiring with a moderate (well, for Switzerland) wealth while having dependents is a big risk that we donât need to take. Another aspect that bothers me somewhat is that retiring well before the regular retirement age while children are still young might give them a false message about values. But probably I am overthinking.
If anything, itâs Coast FIRE that appeals me. This article describes it quite well:
I can relate to that feeling as we speak even as I donât have young children anymore, but a boy soon approaching 20 and probably about to move out in a year or so.
I imagine him noticing that on most week days I nowadays get up after him as I am only employed 50%. I wonder how he thinks about this, but from what I observe, he seems to make some of the right conclusions â if anyone is interested, Iâm happy to expand on this.
I can also relate to the Coast FIRE thinking approach. And if I read you right, youâre navigating towards the custom Dr. PI FIREâą approach, a variant of the Coast FIRE thinking?
At any rate, Goofyâs goal is also not to FIRE as soon as possible, but to have viable (read: afffordable) options if your current full â or even part â time job is sucking the life out of you.
Such affordable options would include reducing the amount of time you work, pausing work entirely for a while, or looking for a different â maybe lower paying but less stressful â job.
Anyway, itâs about possessing optionality for many other such, ahem, options.
OTOH, if you have an overall personally satisfying job, why quit at all if you donât feel a strong need for any of those options?
Which job/industry allowed you to do that? The places where I worked would have forced me to stay and/or given me extra projects until I was no longer able to go home âearlyâ.
Now you made me feel bad. I get up after my kids every day! They usually wake up between 6am and 7am and I get up at 7:30am after the kids are part way through the breakfast to get them to hurry up and get them ready for kindergarten.
The assets under our control (bank accounts, investments at brokers, 3a) have grown by >20% in 2023 and >25% in 2024, both due to our contributions and value increase. Both our possible retirement date and the target retirement wealth are far away, but the stocks part of our wealth now has to do somewhat less heavy lifting than it was required before.
In this situation I was thinking if I should reduce the leverage of stocks part and how exactly to do it. After some deliberations I converged on the following approach: instead of fixed target leverage ratio, apply a target range: sell leveraged ETFs if the upper limit of the leverage ratio is exceeded, but buy more of them only if the ratio is below the lower limit. The upper limit corresponds to what was my target ratio before, the lower limit is lower. Like this my leverage will be somewhat lower, which nevertheless means a substantially smaller market exposure, but I wonât have to rebalance small amounts.
I can also imagine reducing the target leverage ratio range with time. That would be our gliding path to retirementâs assets allocation, with no leverage in retirement. I think I will avoid increasing the target leverage ratios in coming downturns.
In 2024 and so far in 2025 I was only selling leveraged ETFs and buy non-leveraged ones.
Meanwhile I have discovered another advantage of using leveraged ETFs vs. e.g. futures to leverage a portfolio:
When the markets go down, the leverage ratio of the portfolio (exposure/net value) is decreasing. Maintaining a constant leverage in this case means that you buy more leveraged ETFs, which makes sense. With futures, your leverage ratio is going up, and you have to urgently come up with more assets to add.
When the markets go up, the leverage ratio of a portfolio with leveraged ETFs go up, and you have to sell some to maintain the constant ratio. With futures, your leverage ratio goes down.
I actually received back the full cash value of my FTX portfolio a short time ago. The only payout option is/was BitGo, so I first spend some time figuring out how it works. All in all it went well. I bought BTC, ETH, USDT and other coins and transferred them out. Interestingly, withdrawals, even on BTC and ETH base layers, were completely free.
Funny enough, while in November 2022 the FTX portfolio represented most of my crypto holdings in a âcompressedâ way (with a leverage), by the time I got it back, due to the steady accumulation, it represented just a small fraction of my cryptoâs value. It was nice to have it back, of course, but it was less than weekly variation of the crypto portfolioâs value.
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I gave up, if she wants to keep her money in cash-like accounts, so be it. (No joint anything, everything split and it works well for us over many years). My strategy is to focus efforts at a good time, like house purchase thatâs driven by her, to re-attempt again on any joint strategy.
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I get up after my kids every day! They usually wake up between 6am and 7am and I get up at 7:30am after the kids are part way through the breakfast to get them to hurry up and get them ready for kindergarten.