What about taxes? Don't you need to reinvest 2% to offset inflation?
8% - 2% (inflation) - 2%(gains taxes) = ~ 4%. Or ~ 1% per quarter. $500/6wks. That would make me happy! But I'd only go out once a month or two to a dressed-up-Ohio-dive. :-/
Mikeya you hit the nail on the hammer....the big reason for all my savings is to get 40 buy ins at $2-$5 No Limit and Omaha Poker Cash so I can flip full stacks of $1,000 at a time as a poker professional
Wait until the market takes a shit and we will see how the faint of heart thinks then. The thing about using your 3-5% quarterly return is that you have a short memory. Markets have fluid returns. When it starts tanking will you be able to hold on and not sell? Or will you still be able to hold on and continue buying into it? The latter is always where you make money. Have some money on the sidelines to ride out the tough times because we never know when they come, but they do every so often. Mark my words and just plan for it, and don't sell when it happens for long term success my brah!
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8% - 2% (inflation) - 2%(gains taxes) = ~ 4%. Or ~ 1% per quarter. $500/6wks. That would make me happy! But I'd only go out once a month or two to a dressed-up-Ohio-dive. :-/
Duh