3 ms·

Saving $130k a year with 10% investment return (totally feasible this decade) would have done the trick > sum(130*1.1**i for i in range(6)) 1003.0293 I wa

Saving $130k a year with 10% investment return (totally feasible this decade) would have done the trick > sum(130*1.1**i for i in range(6)) 1003.0293 I was in Zurich - life's cheaper than in the Bay, lower rents and taxes, no CGT. Had own mortgaged apartment in the end, a car, frugal-ish lifestyle but nothing extreme and no kids. Totally possible on an L4 google pay (200-250k gross), even today. In the states, myeah, you might need L5 to pull the same. But on the other hand there are much more well-paying places to work at besides only google, you'll have faster career growth.

dusted 6y ago
I don't even earn $100k and then tax takes about 52% of it xD
- giantg2 6y ago
  Pretty much the same here. Slightly lower overall taxes though.
protein_powder 6y ago
The 10% return is quite risky as you have to have 100% of your money in lets say in index funds but then the max drawdown is around 50% if we look at the past 20 years of data (lets say s&p 500) think of 2008. If you balance it out with bonds it wont be 10%. On the other hand Im planning to move to Zurich to work at Google or for some big bank as a contractor to get to 500k, thats enough to retire in eastern europe or south italy. How hard do you think is it to get hired to L4 with ~7 years of experience?
- quantumofalpha 6y ago
  The same data will also tell you that the market always recovers and eventually reaches new all time highs. In the long term (10+ years horizon) it's not that risky, at least talking about pure economic crashes. I'm more worried about geopolitical risks / wars. You need a diversifier, right, but bonds ain't it today - yields are near zero or negative, cash is trash > How hard do you think is it to get hired to L4 with ~7 years of experience? No problem from yoe perspective. You can even shoot for L5 if you have some project/team lead experience to talk about
  - burntoutfire 6y ago
    > The same data will also tell you that the market always recovers and eventually reaches new all time highs. Japanese market is still down 28% from an all-time high in 1989... (and of course it's worse if you account for inflation). If this could happen in Japan, this can happen in US or anywhere else...
    - quantumofalpha 6y ago
      Yes, but that's more akin to stock picking. Individual stocks also don't always recover. In fact a large part of market growth is historically driven by relatively few stocks. Make your life simple and choose something like MSCI World if you're not confident in your stock/country/sector picking skills
      - protein_powder 6y ago
        The Japan case could even happen in the world, as everything is tied to the US dollar the US never printed this much money. I dont think we have ever had Quantitative easing for such a long time. Since people dont have any other place for their investments, everybody dumps their money into stocks, which pumps up the price. The current high after the corona drop cannot be explained with fundamentals.

dusted 6y ago

I don't even earn $100k and then tax takes about 52% of it xD

giantg2 6y ago
Pretty much the same here. Slightly lower overall taxes though.

protein_powder 6y ago

The 10% return is quite risky as you have to have 100% of your money in lets say in index funds but then the max drawdown is around 50% if we look at the past 20 years of data (lets say s&p 500) think of 2008. If you balance it out with bonds it wont be 10%. On the other hand Im planning to move to Zurich to work at Google or for some big bank as a contractor to get to 500k, thats enough to retire in eastern europe or south italy. How hard do you think is it to get hired to L4 with ~7 years of experience?

quantumofalpha 6y ago
The same data will also tell you that the market always recovers and eventually reaches new all time highs. In the long term (10+ years horizon) it's not that risky, at least talking about pure economic crashes. I'm more worried about geopolitical risks / wars. You need a diversifier, right, but bonds ain't it today - yields are near zero or negative, cash is trash > How hard do you think is it to get hired to L4 with ~7 years of experience? No problem from yoe perspective. You can even shoot for L5 if you have some project/team lead experience to talk about
- burntoutfire 6y ago
  > The same data will also tell you that the market always recovers and eventually reaches new all time highs. Japanese market is still down 28% from an all-time high in 1989... (and of course it's worse if you account for inflation). If this could happen in Japan, this can happen in US or anywhere else...
  - quantumofalpha 6y ago
    Yes, but that's more akin to stock picking. Individual stocks also don't always recover. In fact a large part of market growth is historically driven by relatively few stocks. Make your life simple and choose something like MSCI World if you're not confident in your stock/country/sector picking skills
    - protein_powder 6y ago
      The Japan case could even happen in the world, as everything is tied to the US dollar the US never printed this much money. I dont think we have ever had Quantitative easing for such a long time. Since people dont have any other place for their investments, everybody dumps their money into stocks, which pumps up the price. The current high after the corona drop cannot be explained with fundamentals.