{ "media_type": "text", "post_content": "Feel like such a gigantic failure in life. Sat out of the market since the lows of 2009. Saved a lot but had no real growth of those savings. No debt ever. Watching nearly everyone increase their net worth on a daily basis via speculation in stocks - and everything seems to work all the time, regardless of which stock. Folks buying stocks, bitcoin, houses worth $1M+ left right and center. Each day is spent marveling at the money printer globally, thinking how this can go on endlessly.", "post_id": "600cbf6f1d5fc30024a1d4ff", "reply_count": 26, "vote_count": 3, "bowl_id": "5b3f7377ab53db00136f7b4c", "bowl_name": "FIRE Financial Independence Retire Early", "feed_type": "bowl" }

Feel like such a gigantic failure in life. Sat out of the market since the lows of 2009. Saved a lot but had no real growth of those savings. No debt ever. Watching nearly everyone increase their net worth on a daily basis via speculation in stocks - and everything seems to work all the time, regardless of which stock. Folks buying stocks, bitcoin, houses worth $1M+ left right and center. Each day is spent marveling at the money printer globally, thinking how this can go on endlessly.

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Then get in. No sense in trying to time the market now more than ever.

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Comparing ourselves to others is oftentimes where the downward slope starts. You have no debt. That’s amazing and something to be proud of, Op. Consider this, if you grew your net worth and rode the market wave, you would still be “poorer” when compared to another investor. Take inventory of your successes and be kind to yourself.

likesmart

And why not join the market? Maybe be a bit less risk averse. Research and educate yourself on how to start and stretch your comfort level a bit.

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For what it’s worth, FOMO for stocks and bitcoin speculation success stories is mostly hindsight and you only hear about it from the people who got lucky. There are plenty of others on the opposite side who don’t brag about their losses

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Change your mindset about investing. It’s not “speculation” to dollar cost average into index funds for 30 years. Take the long term view and disregard day-to-day market movements.

likesmart

Agree here. Long term view tells me US equities will be much higher from current levels 30 years out from now.

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So you have been sitting on the sidelines since 2009!?!? Honestly, that sucks but I would DCA in the market even now. If you are risk averse, manage it thru your asset allocation rather than trying to time the market.

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Dude just go into the market. Losing 50% is not a wipeout if you don't sell. I've lost nearly 50% twice in my career since 2006, due to market crashes. Overall I am still way way way way up after both crashes. The market always recovers. Invest now. Don't touch the money until you retire. Investing in the peak is better than waiting on the sidelines. You don't know if the market will crash 50% or if this craziness will accelerate with hyperinflation. All you know is it will recover in the long run. So invest. Do it. Now.

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I hope you’re at least taking advantage of Accenture’s 401k match and ESPP. If not, start there. Max your retirement accounts, start a taxable brokerage, and contribute regularly if you have no upcoming large purchases like a down payment coming up. I wouldn’t dump it all in just in case we’re due for a correction but you can DCA over the next few months to ease into it. Get ETFs to widen your exposure. Also, do yourself a favor and stop comparing yourself to others. We’re all on individual journeys and have different spending needs. Just do what’s comfortable for yourself, but really some market exposure would help.

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That’s not true, I lost all my savings (6 years) trading aggressively in various cryptocurrencies. I also don’t have debt and always proritized work. I’m starting afresh with a positive mindset

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Not too late to increase your risk exposure. We have a Dem Senate and presidency and new stimulus on the horizon. I only started trading 6 months ago, well after all the massive gains, and have seen 35% returns. I'm very optimistic about the next few years.

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Better late than never. The grass is always greener. And it’s really not a daily growth thing, you have to be in it for the long haul. I’m sure you have plenty of working years still to increase your net worth if you want to!

likesmart

Less money is better than no money. Focus on future growth instead of dwelling on what could have been

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You reflect a bias when you say it’s from “speculation” in stocks...some of us are not completely ignorant and are simply weighing trade-offs...and to take the position that holding your wealth in cash is the superior (moral or otherwise) stance is clearly been proven wrong (assuming this is why you’ve had no growth since 2009). Of course, we are in an era of fairly extreme stock prices...but that isn’t uniform across the board...there is still reasonable investments to be had...no need to feel like a failure...but part of being a good investor is focusing on what you can control and trying to learn the best risks to take on for your particular situation. Don’t worry about folks using options, margin and Wall Street Bets to make a killing...that doesn’t have to be how you do it. Just find the source of the problem as to why you aren’t creating wealth and stop doing that...it is much more an emotional game and you just have to be ok with not being right all the time.

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I’m sorry to here that...cryptocurrencies are the definition of speculation since there are no cash flows to project into the future. I would just ignore them. Just because something is scarce, anonymous, or useful doesn’t make it infinitely valuable. All of the greatest bubbles lack cashflows because when there is the absence of value you can always paint a rosy picture of how something will become more valuable IN THE FUTURE. I’d just focus on things that have value IN THE PRESENT and you don’t have to guess at what a bunch of people will think decades from now. There is a big advantage to buying businesses that accrue value to the shareholder regardless of what other people think...in fact, for long-term holders, it is a phenomenal thing when a company can buy back shares when investors don’t think there is a rosy future for the company...buying those shares cheaper and accruing a larger share of value to the remaining shareholders. My two cents on “trading” is don’t do that either...it widens the distribution of outcomes and there are more super winners and more super losers with more trading activity...that’s just math and luck and you don’t want to be beholden to luck to the degree you can help it. Charting, indicators, and frequent trading have not made great fortunes...Warren Buffett tried it and gave it up, for example. Good luck to you.

likehelpful

So you’ve been sitting in cash, just continuing to save more in a savings account, since 2009?

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I get it. I am risk averse and seeing people lose so much money in 2008 really made me hesitant to get in (graduated college 2010). What changed my perspective was listening to a few podcasts where I took away 2 main points

1) long term the market will be up
2) if you keep your cash in a savings account or CDs, even if its HYSA, because of inflation your money will be worth less next year than it is today.

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Time in the market beats timing the market. Unless you are a very high earner, with today's low savings rates, you cannot save your way to a comfortable retirement without investing.

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If it makes you feel any better I’m 34 and starting from SCRATCH. Life circumstances drained everything I had and now I need to rebuild. I can’t either complain about it (which I’ve already done for nearly 2 years) or get back up and build back better and faster with the opportunities available now.
You can do this.

uplifting

You’re not a failure, money doesn’t equal success, I understand the feeling of missing out but think of all the wins you had in the meantime and the life you were off living without worrying about debt or getting rich

But also don’t be afraid to get started, I’m a little late to the boat too and am gradually building a portfolio, start small and do research and aim to buy one stock a week and watch it and learn what investing strategy you want, don’t feel in a rush to catch up but celebrate getting started

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So your not even in your company retirement?

I am, in the 401k

Additional Posts in FIRE Financial Independence Retire Early

Are there Christian men out there that don’t want kids?

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Happy technology Tuesday! Any ideas on how how you plan on incorporating technology within your classroom?

I'm full of envy for HR. If they are bored they can always say a candidate do not fit, close the call and enjoy some free, geez

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Anyone farm on here? How much are you yielding?

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I have 2 offers for Senior Automation QA roles. Please suggest me which one to choose.

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I don't what is the max package I can have in India.
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I almost only shop at Zara’s for workwear any recommendations for good quality clothing for an associate ? I feel like it’s overwhelming having a low salary and wanting to look good like managers lol.

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Can the hybrid model actually work?

People have gotten so used to just backing meetings up into each other. You logout of one and immediately jump in to another. I remember days full of meetings before but not at this volume.

I struggle believing this practice will cease with any percentage of the workforce at home. I don't subscribe to all or nothing but I'm interested in if this has been addressed. Has anyone's hybrid policy mentioned the future of meeting best practice?

likesmart

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Does anyone have any recommendations for inspirational/uplifting podcasts for female attorneys?

like

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Flew in last night from DCA to IND - a nonstop, less than a 1.5 hour flight. My luggage somehow got stuck in DCA and AA still haven’t located/got back to me regarding how they will get it back; cont’d

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Can anyone refer me at Big4 UK firms in IT Audit?

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What is the wait time for Rolex Submariner right now? Ten years to infinity? Got promoted to SM and expecting baby girl soon. I feel that the situation deserves a milestone watch.

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Requirement

VLSI

Job Code

1879282(B2), 2725048 (B3), 2854549 (C1), 1884765 (C2)

Experience

B2(3-5 yrs), B3(5-8yrs), C1(8-10yrs) ,C2(10+yrs)

Candidate Requirement

Area of expertise: System verilog, UVM, OVM, CPU verification, IP and SOC level verification.

Job description:

BE/ B.Tech/ Master degree in Electrical Engineering or Computer Science
3+ years of experience in pre-silicon RTL Verification /IP Verification / SOC verification
Strong knowledge of System Verilog and working knowledge

back biting, dismissive, unkind fellow employees that never even say hello pipe up BLESS YOU whenever they hear a sneeze. WTF is this??

likeuplifting

In my second busy season of PA (2 years ago), auditing a specialty finance company that we all quickly came to realize stunk to high hell. We ended up issuing an adverse opinion over a disagreement with the client to book an approx. 100MM write down adjustment to deferred revenue. We walked away with the thought that we had just scratched the surface of their corruption. Fast forward 2 years and low and behold they’re under a 1.2B dollar investigation by the SEC and their CEO is in prison.

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Does anyone have subreddits they like to peruse for potential insights? Would love any and all suggestions. Thanks fishies.

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Additional Posts (overall)

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How much are people keeping in cash these days in terms of 1) months of expenses and 2) absolute amount.

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like

Would referencing skills picked up while running a parallel business raise any eyebrows? Irrespective of whether you’re performing great?

What stocks are you guy guys buying right now in this market?

like

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Good time to buy Tesla stocks?

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Interested in getting into the short term rental game 🏠

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I’ve been listening to “millionaires unveiled” (highly recommend for FIRE content) and it seems like every other guest ends up doing real estate investing. If you do it, what books or online courses would you recommend to get started? If you have experience in real estate investing, would you ultimately recommend it?

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like

Getting started with FIRE at age 33. If you were to recommend one book on FIRE to get all the basics, what one book would it be?

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