Anybody here living off passive income?

> 10 years ago
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FlySurfer
FlySurfer
NSW
4460 posts
NSW, 4460 posts
13 Feb 2012 9:37pm
All our ex and current politicians, the farking bludgers!
pierrec45
pierrec45
NSW
2005 posts
NSW, 2005 posts
14 Feb 2012 2:01am
And isn't all grand when only 25 years ago we were told the working week would be 4 days, retirement 55yo, and so on?

We were screwed all this time by spineless politicians that bought out their next re-elections.
pierrec45
pierrec45
NSW
2005 posts
NSW, 2005 posts
14 Feb 2012 8:58am
wodgina6722 asked...

Anybody here living off passive income?

Many of the ex-es I know of... (not mine, but around me).

One has a business card that says "retired ex-wife".
pweedas
pweedas
WA
4642 posts
WA, 4642 posts
14 Feb 2012 11:34am
pierrec45 said...

And isn't all grand when only 25 years ago we were told the working week would be 4 days, retirement 55yo, and so on?



Yes. The greeks actually carried through with this promise but as it has turned out, it didn't serve them at all well. All they were doing was living off money that they weren't earning. Well now the time has come to pay.
Throw the wasters out of the european union.
Do it now!
Get it over and done with and stop putting off the inevitable.
They're broke! Bankrupt!! Totally defunct!!!

"Beware of greeks baring gifts" can now officially be changed to "Beware of greeks asking for gifts."

I think we are better off still working the 5 day week and retiring at 65.

evlPanda
evlPanda
NSW
9207 posts
NSW, 9207 posts
14 Feb 2012 4:07pm
cisco said...

wodgina6722 said...

Need about 2 million then if relying on interest rates.... 100 grand a year to live comfortably.




You are spoilt. We live well (2 adults and one 15 yo child) on $24,000 per annum nett.

Requiring $100,000 per annum to live "comfortably" is just egotistical bull dust.



What? $24,000!? Kings wages mate. Most people in the world live off far less than that. I know of a family that have a grocery budget at least of $21 each/week. That's $3/day ...in Australia, not some cheap 3rd world country.

...

****.


...and I spend ... yeah $150K would be comfortable.

_____________________________________

On a completely separate note, and one related to the original topic, I'm looking at putting a CFD on AAPL, hedged with a Put about 3 months out. Not because of recent performance. AAPL hasn't reached saturation point yet. Also that Mexican chain fod restaurant Chipolete-something.

Anyone want to discuss?
pweedas
pweedas
WA
4642 posts
WA, 4642 posts
14 Feb 2012 4:00pm
My advice in the current financial climate is do not touch CFD's.
At the moment it's anyones guess if the market will go up or down or anywhere at all so it's really hard to make an educated guess as to where a particular stock will be in the near future. If the market flops you run the possibility of getting continual margin calls which can end up costing you everything you've got, plus some of what you haven't got.
CFD's are hard to keep track of your position if you get a few different ones and this is not something that you want to lose track of.
If you want to play on the stock market, just buy fully paid ordinary shares and limit it to investing what you can afford to lose if things go belly up.
evlPanda
evlPanda
NSW
9207 posts
NSW, 9207 posts
14 Feb 2012 10:15pm
You missed the hedged bit.
cisco
cisco
QLD
12365 posts
QLD, 12365 posts
14 Feb 2012 11:53pm
CFDs??.........You mean Conjob Frigging Derivatives!!

Don't worry if you missed the hedge pweeds. You can borrow my hedge clippers anytime.
Skid
Skid
QLD
1499 posts
QLD, 1499 posts
15 Feb 2012 1:42pm
pweedas said...

My advice in the current financial climate is do not touch CFD's.
At the moment it's anyones guess if the market will go up or down or anywhere at all so it's really hard to make an educated guess as to where a particular stock will be in the near future. If the market flops you run the possibility of getting continual margin calls which can end up costing you everything you've got, plus some of what you haven't got.
CFD's are hard to keep track of your position if you get a few different ones and this is not something that you want to lose track of.
If you want to play on the stock market, just buy fully paid ordinary shares and limit it to investing what you can afford to lose if things go belly up.


Perhaps also consider writing some script covered call options against the shares you own. Gives some downside protection (but limits your gains if the market rockets).
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