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@aninhumer I guess "making" money and income are somehow different in your book. You're sighting a lot of conventional wisdom that I've heard before. You won'
by IanDrake 9y ago
@aninhumer I guess "making" money and income are somehow different in your book.
You're sighting a lot of conventional wisdom that I've heard before. You won't find many success stories that followed your advise.
If you ever talk to people who actually live off their wealth don't be suprized if you find that they're not sitting back on the SP500 with a 4% drawdown.
They're most likely active investors working hard (not physically, as none of us do here anyway) to make money with money.
Edit: this was in response to a post that has been deleted.
- aninhumer 9y agoSorry, I deleted my comment because I was going to reply to another one you made with a clearer argument. >I guess "making" money and income are somehow different in your book. I guess I should say consumption or drawdown rather than income. (My point is the capital still grows by an average of 8% even if you shouldn't spend all of that.) >You won't find many success stories that followed your advise. Do you have evidence that people who are doing this are failing, or do you just mean that I won't find evidence of success?