Post: #1

I'm in my twenties. I anticipate that I will have enough savings to exit the labor market in something like two years. I will have under two-hundred thousand dollars but significantly more than one-hundred thousand. From that I can generate enough investing to comfortably finance myself abroad on a permanent basis. I prefer to remain in one place and establish myself rather than shuttle across the earth every ninety or hundred and eighty days as is necessary without a residence visa. This is my problem.

I like larger (four-hundred thousand and up), pedestrian-friendly cities. I'm interested in the United Kingdom and most of conteniental Europe west of Poland. I also would consider Croatia, Azerbaijan or some heavily trafficked summer destination in Greece. I understand it is possible to remain in Argentina indefinitely by renewing one's visa, but Latin America never moved me like Europe. I'm not really looking at Oz; the resource boom is driving up the cost of living to an unacceptable level.

Again, my commitment to the place would be long term. Where can I STAY?

Post: #2

This is a great conundrum to be in, congratulations! What languages can you speak, and at what level? This should inform your thinking. Also, cost of living, of course. What about Spain?

Post: #3

This may be a possibility. I don't speak Spanish but would go balls to the wall to learn if I could get this visa approved.

http://www.maec.es/subwebs/Consulados/Sa...rative.pdf

Post: #4

More importantly, I would really stress your numbers and ensure you can make it through the downswings. I might be comfortable doing Thailand on the cheap but Western Europe...not with 150k.

Better yet, you're obviously generating >10% annual ROI, maybe you should be looking into money management?

Nonetheless, best of luck. It takes balls to leave the career behind and do something like this.

Post: #5

Out of interest what made you say you'd consider Azerbaijan?

Post: #6

(05-11-2012 01:05 PM)sammybiker Wrote:  More importantly, I would really stress your numbers and ensure you can make it through the downswings. I might be comfortable doing Thailand on the cheap but Western Europe...not with 150k.

Better yet, you're obviously generating >10% annual ROI, maybe you should be looking into money management?

Nonetheless, best of luck. It takes balls to leave the career behind and do something like this.

There is a real possibility that the one-hundred to two-hundred thousand figure will likely move upward to a quarter million if I remain in my job a little longer and move aggressively in the final months. Also, I am kind of a heterodox when it comes to investing: which is to say, I have an outsize tolerance for risk... Which is to say, a money manager could not in good conscience pursue my strategy with other people's money. At the same time, I am employing different strategies to cover my rear end.

If worse comes to worse, and it won't, I can always go out and get another job.

Post: #7

(05-11-2012 01:21 PM)Vorkuta Wrote:  Out of interest what made you say you'd consider Azerbaijan?

My research and anecdotal experience with Azerbaijanis in my own country suggests Baku could provide fertile hunting ground for the long-term Western resident.

The country is conservative, but if you have ever interacted with a young, more affluent Baku Azerbaijani you'd see they are quite evolved.

Also, I have a solid social circle "in" which would enable me to hit the ground running.

http://youtu.be/Hu_MJpLdiv0

Post: #8

(05-11-2012 02:03 PM)makher Wrote:  Also, I have a solid social circle "in" which would enable me to hit the ground running.

http://youtu.be/Hu_MJpLdiv0

Damn you Makher, I hate it when people post videos that pleasantly obliterate my pre-conceived notions of a place. Now I have one more place to complicate my 'where to go next' decision. I can see why you might consider it.

Post: #9

(05-11-2012 01:05 PM)sammybiker Wrote:  More importantly, I would really stress your numbers and ensure you can make it through the downswings. I might be comfortable doing Thailand on the cheap but Western Europe...not with 150k.

Better yet, you're obviously generating >10% annual ROI, maybe you should be looking into money management?

Nonetheless, best of luck. It takes balls to leave the career behind and do something like this.

I agree with this, not to be a naysayer, but even $200,000-250,000 isn't that much money if you're planning on "retiring", maybe it's doable in S.E. Asia, but not Europe in my opinion.

Maybe it's more realistic if you're planning on living a very modest and shrewd lifestyle, but not if you want to eat out, party at bars/clubs, go to concerts, buy new clothes, etc.

If I were you, I'd consider working through your early 30's and push that number closer to a half million. You are quite lucky to be able to make money like that in our current economy. Plus, retiring in your 20's is kind of crazy to me, you're still young as hell, just go on some vacations and stack paper till your mid 30's. Then retire like a boss.

Post: #10

I laughed a bit seeing "money manager" & "good conscience" in the same sentence. But yeah...sounds good, best of luck.

Post: #11

(05-11-2012 02:06 AM)makher Wrote:  I'm in my twenties. I anticipate that I will have enough savings to exit the labor market in something like two years. I will have under two-hundred thousand dollars but significantly more than one-hundred thousand. From that I can generate enough investing to comfortably finance myself abroad on a permanent basis. I prefer to remain in one place and establish myself rather than shuttle across the earth every ninety or hundred and eighty days as is necessary without a residence visa. This is my problem.

I like larger (four-hundred thousand and up), pedestrian-friendly cities. I'm interested in the United Kingdom and most of conteniental Europe west of Poland. I also would consider Croatia, Azerbaijan or some heavily trafficked summer destination in Greece. I understand it is possible to remain in Argentina indefinitely by renewing one's visa, but Latin America never moved me like Europe. I'm not really looking at Oz; the resource boom is driving up the cost of living to an unacceptable level.

Again, my commitment to the place would be long term. Where can I STAY?

You should STAY in America and keep working for another 15 years at least.

You are completely delusional if you think you can retire with less than $200,000, and expect to live anywhere in Western Europe.

You cannot abandon the labor market with such a paltry amount of cash.

Sorry.

Post: #12

200k, even with interest, doesn't sound like enough to retire.

Sounds like you've already done some travelling, but if you are asking us where to go, then you should do more exploring first. Settling down in one place without doing lots of exploring first would be a mistake.

Post: #13

Work some more. If anything, it sounds like you work in a "work hard, play hard" industry. Consider using your experience in whatever field you may be in to parlay yourself into a less hours, less stressful position.

I was killing it on Wall St. with 10 days vacation when I realized I was nuts. I now teach, make $70K and have 15 weeks vacation per year. 70k while I'm still in my 20's and paying little rent allows me to kill it in the 15 weeks per year I'm off. I've already saved enough to put a substantial down payment on an apartment in NYC, but why would I do that when I'm location independent 25% of the year, and saving more than I can spend.

Teach brothers, teach! Life is good for 15 weeks a year, and the confidence you get from educating teenagers 5 hours a day is intangible, deeply satisfying, and frankly life affirming.

Post: #14

(05-11-2012 11:11 PM)MaleDefined Wrote:  Work some more. If anything, it sounds like you work in a "work hard, play hard" industry. Consider using your experience in whatever field you may be in to parlay yourself into a less hours, less stressful position.

I was killing it on Wall St. with 10 days vacation when I realized I was nuts. I now teach, make $70K and have 15 weeks vacation per year. 70k while I'm still in my 20's and paying little rent allows me to kill it in the 15 weeks per year I'm off. I've already saved enough to put a substantial down payment on an apartment in NYC, but why would I do that when I'm location independent 25% of the year, and saving more than I can spend.

Teach brothers, teach! Life is good for 15 weeks a year, and the confidence you get from educating teenagers 5 hours a day is intangible, deeply satisfying, and frankly life affirming.

Where is it that you're making $70 K teaching, from what I understand most teachers especially ones fresh from college, are typically only making $30,000-45,000 a year. I've heard of higher salaries in wealthy parts of the bay area (CA) and Northern VA, but in those areas a high cost of living offsets that.

I was thinking about being a teacher for quite a while, it does have some enticing benefits, but also seems like a lot of B.S., and depending on where you work, not much pay.

Post: #15

Roosh is like a guiding light.

http://www.rooshv.com/everyone-is-hoping...youll-fail

Post: #16

DON'T LISTEN TO THE "Work a little more guys." DO IT NOW ( or soon) .
If they're so smart, why couldn't THEY retire in their 20's?

You might die of some weird disease in 5 years, I hope not of course.

Roosh said, you can always get more money, you can never get a single day of your youth back.

YOUTH is irreplaceable.

I am the opposite of you, I'm a financial idiot, and I had to wait til over 50 to ditch Murka. It is SO MUCH HARDER when you're older, believe me.

Post: #17

What kind of investments will you be doing?

Post: #18

(05-11-2012 04:03 AM)makher Wrote:  This may be a possibility. I don't speak Spanish but would go balls to the wall to learn if I could get this visa approved.

http://www.maec.es/subwebs/Consulados/Sa...rative.pdf

I read the application and it doesn't say anything about having to speak Spanish.

Post: #19

(05-12-2012 08:13 AM)Roosh Wrote:  What kind of investments will you be doing?

Second that. I’ll have similar numbers at similar age.

Post: #20

(05-12-2012 08:13 AM)Roosh Wrote:  What kind of investments will you be doing?

I have two equal-sized "pools" of funds for investing. With the first pool, I take a huge position (for a small investor) in a single stock and exploit relatively small changes in price within a single trading day. I am disciplined and take a small profit or loss and exit the position that same day to mitigate overnight risk. While the funds from the first pool settle (three business days) the second pool comes off the bench. Rinse and repeat. I only execute a handful of trades per month. I always employ the mechanisms for conditional sales (i.e., if the price cracks X threshold, do Y) as a means to keep losses to minimum and protect me from my own avarice. I am careful to enter each position with a set definition of "what a win looks like to me." I am especially careful to scrutinize the stock metrics and financials that matter to me. I keep an eye on the quarterly earnings calendar to ensure I am in on the "pops."

I immediately transfer profits out of my trading account and then further separate those funds so that the funds that will go to the tax man are separate from the funds I will use to emancipate and feed myself.

Approximately 90% of my monthly paycheck goes into my trading account. I cover my modest living expenses with profits.

Now fast forward: my two "pools" have swelled to $125,000 each. With one pool, I purchase 39,429 shares of NOK at $3.17 per share. Six hours later, I exit the position at $3.27. I just made $3,942. I transfer roughly $2,900 into my checking account; the rest goes to commissions and my "tax set-aside" account. The funds I just used settle and I go on the prowl looking for my next meal. Over the course of a single month I enter and exit, perhaps, three positions.

I am brief but you get the gist of my strategy in the short term. As I get more of a base under me, I'll buy property or start a business and transition to a more conventional investment strategy.

Post: #21

(05-12-2012 08:15 AM)Roosh Wrote:  

(05-11-2012 04:03 AM)makher Wrote:  This may be a possibility. I don't speak Spanish but would go balls to the wall to learn if I could get this visa approved.

http://www.maec.es/subwebs/Consulados/Sa...rative.pdf

I read the application and it doesn't say anything about having to speak Spanish.

I know, but I would not live there on a permanent basis without learning the language.