Frankly, neither am I. Regular people only get rich through time or luck.
Not connected enough for totally-not-insider trading, not skilled enough to find something that the quants haven't. And believe me, there's geniuses, real dyed-in-the-wool 0.001% of the population geniuses from math, physics, engineering, etc. developing models for financial firms to look for the same thing. You're trying to beat all of them too, not just Gordon Gekko.
Like with a lot of things in finance and economics, all the interesting stuff happens at the margin. If you're living well below your means, i.e. months of living expenses in cash, you're maxing 401(k), IRA, HSA (if you have it), 529 for your kids if you have them, and not carrying a huge mountain of various debt, you'll be OK. But if you're right at the edge, like people who bought a house they could afford on 2 incomes but not 1. It's the difference between a 2008-style drawdown being a kick in the balls or a knife wound in the gut.
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In response to this post by MP4VT2004)
Posted: 01/17/2018 at 09:39AM