11025
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Post by 11025 on Sept 14, 2015 11:28:14 GMT
Morning Everyone ,
I am basically now earning my living with many P2P investments spread very widely and other financial instruments , anyone else do this and what would you give this for a Job Title ?
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homes119
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Post by homes119 on Sept 14, 2015 11:50:08 GMT
Hello,
I would just go with "investor" or "full-time investor" or, if your investing is focused on debt/bonds/p2p then I would go with "fixed-income investor".
I would also go with "accredited investor" or local/domestic equivalent (if they exist) if you meet the criteria under the definition.
Out of curiousity, if it's not too prying, how old are you and what is your percentage target return per year? I'd love to be in your position :-D.
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Investor
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Post by Investor on Sept 14, 2015 11:59:14 GMT
Unemployed?
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11025
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Post by 11025 on Sept 14, 2015 12:05:41 GMT
Hello,
I would just go with "investor" or "full-time investor" or, if your investing is focused on debt/bonds/p2p then I would go with "fixed-income investor".
I would also go with "accredited investor" or local/domestic equivalent (if they exist) if you meet the criteria under the definition.
Out of curiousity, if it's not too prying, how old are you and what is your percentage target return per year? I'd love to be in your position :-D. Hi ,
I have just turned 50 .
Have been doing this for nearly 2 years . Kids have now fledged the nest (for the time being !) I am currently targeting a return of approx 8% . I can survive on a fair bit less than this but hopefully it looks like I will surpass this target again.
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11025
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Post by 11025 on Sept 14, 2015 12:06:58 GMT
Unemployable 
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Post by ablrateandy on Sept 14, 2015 12:08:05 GMT
"Sub-Prime Minister"  |
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Investor
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Post by Investor on Sept 14, 2015 12:10:34 GMT
Hello,
I would just go with "investor" or "full-time investor" or, if your investing is focused on debt/bonds/p2p then I would go with "fixed-income investor".
I would also go with "accredited investor" or local/domestic equivalent (if they exist) if you meet the criteria under the definition.
Out of curiousity, if it's not too prying, how old are you and what is your percentage target return per year? I'd love to be in your position :-D. Sure it has been mentioned on here before but if you have an hour to kill........... www.mrmoneymustache.com/
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Post by carol167 on Sept 15, 2015 9:25:54 GMT
I'm doing this.
My P-2-P overall percentage is currently 6.04% across 8 platforms. With everything else it's closer to 5%.
But then I would see myself as being a bit cautious.
I've been investing in P-2-P just over 3 years now.
I'm 51.
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Post by carol167 on Sept 15, 2015 13:04:58 GMT
Are those returns net of tax or gross? I'd love to be in the position to live off P2P income (or any investment income). I find it, however, incredibly difficult to project forward so far into the future. Trying to get some sort of sense what investment returns, inflation and taxation might be over the next 60 years or so (I'm early 40s) tends to make me rather conservative so I stay working. What sort of inflation, tax, longevity assumptions are those of you dependent on P2P income making? Do you have a guaranteed back-up income or lump sum of capital (final salary pension, inheritance) to fall back on? All the P-2-P stuff is Gross of course, the rest is either ISA, Stocks or other bits that give Nett. I do have a lump sum to fall back on (part inheritance, part savings from a 22 year job) after all that is what is giving me the investment income and in any case pensions kick in in about 16 years time. Yes it's a final salary one plus the state pension. I took VR in 2012. It all depends on your outgoings. You can live well on a small amount or you can be poor with a massive income - it all depends on how you live and the choices you make. Finding the right balance is the key.
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coop
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Post by coop on Sept 15, 2015 15:43:24 GMT
Hello,
I would just go with "investor" or "full-time investor" or, if your investing is focused on debt/bonds/p2p then I would go with "fixed-income investor".
I would also go with "accredited investor" or local/domestic equivalent (if they exist) if you meet the criteria under the definition.
Out of curiousity, if it's not too prying, how old are you and what is your percentage target return per year? I'd love to be in your position :-D. Sure it has been mentioned on here before but if you have an hour to kill........... www.mrmoneymustache.com/That website would be really useful if I lived in Murrica; earned at least double what I do now; and spent money on stupid frivolous bullshit...
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11025
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Post by 11025 on Sept 16, 2015 8:12:07 GMT
All the P-2-P stuff is Gross of course, the rest is either ISA, Stocks or other bits that give Nett. I do have a lump sum to fall back on (part inheritance, part savings from a 22 year job) after all that is what is giving me the investment income and in any case pensions kick in in about 16 years time. Yes it's a final salary one plus the state pension. I took VR in 2012. It all depends on your outgoings. You can live well on a small amount or you can be poor with a massive income - it all depends on how you live and the choices you make. Finding the right balance is the key. This sounds very similar to my situation - I have been self employed for many years previously anyway and my wife and I are quite savvy financially
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11025
Member of DD Central
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Post by 11025 on Sept 16, 2015 16:16:41 GMT
The early retirement extreme is entertaining !
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Post by brokenbiscuits on Sept 17, 2015 19:16:02 GMT
I'm only recently turned 34 but would hope to have the choice to work or not by 50. I don't earn huge amounts but do save about 40% of my wages while still having a fairly active social life.
If I was no longer working and living off investments, I would describe myself as retired.
The unofficial rule is that you need 25 times your annual spend in savings. That way you can pull out 4% each year and if history repeats itself you will not dip into your capital. You may find you actually add to capital in boom years.
Would be interested to know (if I'm not being too nosey) if the ones that say they are living off savings.. Well if they had 25 times expenditure before they pulled the plug on working life?
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Post by bracknellboy on Sept 17, 2015 20:13:27 GMT
The unofficial rule is that you need 25 times your annual spend in savings. That way you can pull out 4% each year and if history repeats itself you will not dip into your capital. You may find you actually add to capital in boom years. Would be interested to know (if I'm not being too nosey) if the ones that say they are living off savings.. Well if they had 25 times expenditure before they pulled the plug on working life? The 25x rule and 4% inflation-adjusted safe withdrawal rate (SWR) based on the Trinity study is being debated fiercely given more recent research. The 4% SWR applies only to the US; historical SWRs for others countries are lower (Japan is only 0.5% for example). Countries were by and large closed economies over the 150 year period used in historical studies. With open economies, there is a larger risk that SWRs converge to the lower global average. Second, the studies were only valid for 30-year drawdowns and success rates do fall when tested for for longer periods. Third, the sensitivity to real rate conditions in the early part of the simulations has been found to very high which is worrying given current zero/negative real rates. People such as Swedroe are now recommending a max 3% SWR in the US, while Wade Pfau (who is a leader in retirement research) is arguing for 1.5%-2% SWRs. Well I don't have any of that research/knowledge/insight that samford71 has provided in his usual informative manner. But having read the original post I had been chewing over posting my thoughts. This is something I have been giving some thought to in recent times. I have crossed the age threshold you refer to. And personal reasons mean I have been considering the 'when' question. And my instant reaction to the 25x number is that I would not feel comfortable/safe at all at that level. Far from it. Taking into account assets held within pensions and outside, I'm probably around the 45x mark. And my conclusion was that I would want to be somewhat above that or 'further down the line' before I'd be at all comfortable with ditching 'earned income'.
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mikes1531
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Post by mikes1531 on Sept 17, 2015 22:23:52 GMT
Surely that 25 number must assume an age at which retirement occurs. If someone waits until they are 90 to retire then I doubt that they'd be likely to need anything like that high a factor.
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