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Old 03-10-2022, 02:17 PM   #369
Slava
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Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by bizaro86 View Post
Oh for sure, it just happens that 40 years ago was 1982. I completely agree there are bargains elsewhere, even extreme bargains (Hong Kong has profitable businesses trading less than net cash).

However since firecalc uses US market data, coming at what could be the end of a 40 year period of significant multiple expansion will skew the results, as more of the periods in the simulation end at high multiples.

I also completely agree with ggg. $40k pretax with a paid off house is probably comfortable. It's not around the world first class caviar and champagne, but you could probably swing a shoulder season cruise every year or two if that was a priority. (Or golf regularly, or whatever)

But if rent or a mortgage is coming out of that $40k it's a different story, and things would be very tight.
My perception is pretty skewed on this, but $40k is pretty low. It depends on your living arrangements and situation, and of course what you want to do. And god forbid anything go wrong, because there's not a lot of leeway there.
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