Tuesday, November 13, 2012

Starve the Beast 2013

I've worked out my taxes for this year and it works out to be about ~$2,300 on about $30,000 of income.  That money compounded at 10% for 15 years roughly triples.  Lets assume for the sake of assuming that I actually can compound that money at 10%.  (No one believes this but me.)  Over the course of the next 15 years that savings will amount to 73,000 dollars.  This is 7% of the money I need to accumulate by 40.  This isn't the total million but it is a significant fraction.

Thursday, November 1, 2012


I wish I didn't have to do this but surely someone who reads this and decides that what I say makes sense will invest money, lose it all, and claim that I am somehow responsible.  I'm not, be an adult, take responsibility for your own decisions.  Taking investment advice from a 24 year old is idiotic, especially if you put more money into the idea than the 24 year old did. (I really don't have all that much).  In fact, none of this is advice, I'm just talking about what I'm doing in my diary.  The fact that I let you read it doesn't mean that you should do anything I say, or anything you think I said.  I'm long Intel and I could be very wrong.