I like Clif Bars myself.

I did as well until I found a hair in one.

Or maybe you didn't explain it very well. It's helpful when someone fully specifies what they're trying to say. For example, when you say "$1M won't last forever with variance," you may want to specify that you mean infinite years instead of a lifetime (especially given that the OP likely meant the rest of his life, not "forever"). I guess I was giving you the benefit of the doubt, by assuming you meant a lifetime, as opposed to infinite years. Guess I learned my lesson on that one.

Just out of curiosity Thremp, what do you do for a living? I'm just curious since you seem to post on here so much, you must spend ridiculous amounts of time on the internet, and this forum in particular.

Edit: The funny thing is, I looked up some of the bond funds that I listed the other day, and they're actually not all high risk. If you look at the risk ratings for the bonds with the highest 5-year returns, many of them are rated average. By the way, I never said he should put all his money in one bond fund. He can diversify and mix it up a little bit, maybe put some in high yield bonds and other in really safe bonds. We can try to construct a portfolio with 3-4% real rate of return, and a manageable variance. I'm sure plenty of portfolio managers and financial advisers do this for their clients all the time.

lol. This is ridiculous.

I'm a ninja.

Are you using a Vanguard 5 point risk rating to determine "risk"? GTFO. You, again, have no place in this discussion as you don't understand basic statistical concepts IE Why are we concerned with only one side? You somehow fault me for a failure of not teaching you this, where it is not my burden that you understand how to count/read/etc. All of which have failings apparent here.

And you think you do? Somehow you're an expert on financial markets, because you can say stuff like GTFOH, WTF, LOLZ, etc, instead of actually fleshing out your logic and opinions.

Are you really some expert on statistics, or are you just a know-it-all at everything? You claim you know a lot about stats, but you also claim you know a lot about everything, so how are we to know. I wouldn't be surprised if you couldn't pass half the stats classes I've taken.

I'm blaming you for not communicating your ideas clearly. You might want to make it clear when you literally mean forever (i.e. infinite years), when the person you're talking to keeps saying 60-80 years (i.e. "forever" as OP meant it, as in, the rest of one's life).

I atleast don't fail stats 101 with irrelevant questions like "Why does downside only matter?" "But what about the upside?" And other questions that reveal a complete lack of understanding of the topic at hand.

Probably. But on this subject (Trivially simple, self evident stats), you took days to understand a basic, trivial concept. So whatever. Nice personal attack to try to defend against not knowing that 2+2=4 because you can take DiffEQ.



I know. Why would I ever use words with actual meanings when I can use words that mean other ideas? Like I can say red... but mean blue. This has exciting implications. Thanks for your valuable viewpoint.

ITR I really don't think you have much to offer here.

Sorry. I'm too busy planting fruit trees and figuring out how to sell the produce by the side of the road without 1) violating laws 2) working.

When you are done with that maybe you can come over for lunch -- I made some chicken flavoured water and I was hoping to split the cost with someone.

And why exactly would I need to sell it like that? Or are you the local expert at selling fruit from fruit trees, just as you are apparently at determining cost of powerbars?

What an idiot.

With all of the health benefits as well, I assume.

Of course if I prefer to just waste perfectly good food by throwing it away, I guess I can do that, not sure why, though.

Also, the roommate thing is ******ed as well. What 30, 40, 60 year old is going to live with a roommate like they're 21?

I don't know about the 21 year old thing, but based on the number of ads out there quite a few.

Again there is a big difference between being a failure because you tried and that was the best you could do and being a failure because you choose to.

May also want to add "choosing not to pursue" - as there is quite an arguable difference between that and failure because you choose to.

Big difference between "pursuing opportunities of convenience and interest" v. "having a loaded gun to my head if I'm late for work."

As if anyone with $1 million would not want to do things that coincidentally generate $.

So anyone who manages to accumulate enough money to retire is a failure?

We were talking about having roommates not retiring.

Did you have a bad experience with a roommate?

That's a personal choice. I live alone right now but have never had a problem living with roommates, often I prefer it as it helps me socialize more.

Of course our definitions might be different. I am not willing to take a random roommate off of craigslist, but I am willing to share a house or large apartment with people I already know in a place that would still provide plenty of privacy for everyone living there.

If one had a complete aversion to roommates, he could buy a decent 2BR/2bath home in LV in the $140,000 range. The savings offset one roommate, and reducing non-essential budget from $800/month to $450/month covers the rest.

I have never had a roommate.

While it might be a personal choice -- everything really is when it comes down to it -- you can't deny that it has a social stigma to have a roommate too far past school age.

If it does have stigma then good (I haven't seen it yet), it would just weed out the people I would choose not to associate with anyways.

Revised budget NO ROOMMATE:

EXPENSE
-$140k 2 br/2 bath home, paid in cash - no payment
-home furnishings ($20,000 of stuff financed) = $5,000
-property tax = $2,000
-utilities = $3,000
-car = $4,000
-food = $5,000
-clothing = $1,000
-misc = $3,000
-IRS = $6,000
-Roth IRA = $3,000

TOTAL EXPENSE = $29,000

INCOME:
-passive income on $860,000 (4.67%) = $40,162

TOTAL INCOME: $40,162

NET SAVINGS: $11,162 or $930/month