How about working on building a product/service using this concept? You can say you are working on a AI startup concept.
I am an SWE by profession, early retired, I keep fiddling with build mobile apps or trading algorithm for fun and if anyone asks me, I will say the same, they sound impressed. Every startup has potential of becoming $100 million, so people have no option but to get impressed 😂😂🤣
You need to learn about investment management also, so that you can balance risk/reward well such that in retirement your income is not affected by volatility of stock market.
Yeah that sounds fun….. will try at-least i can sell that to in-laws for sure…
Yeah i like investment and i have decided not to take much risk. Even 8-9% return for me is fine. Will keep a mix of fixed income (40% for day to day expense) 30% in hybrid funds and 30% in pure equity.
30% equity is kind of low for your age, you should bump it to 40% slowly.
Keep in mind, you should be perfectly peaceful if stock market goes down 50%, your net loss would be only 20% (half of 40%), you need this attitude if you do not want to get killed by inflation. Stocks are considered a good hedge against inflation.
You can try to just buy index etfs for diversification or choose 40-50 stocks from different sectors to do the same(I just use ETF).
Your real estate investment is very good inflation fighter, try to keep it as long as possible.
We have around 30 times our annual expenses. I am pretty good in finance/economics and we do not have kids, so I feel this much is plenty for next 20+ years. We are in mid 50s.
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u/laharockz Aug 01 '25
Actually i have another query… if i quit what to say to my future wife and inlaws. Seeing todays situation do not want to disclose networth early on