The truth is, $1 million really doesn't go as far as you might think these days.
If you're counting on $1 million to get you through your retirement.
Then how long it will last ( before death come to claim you)
I come from the future.
Why your broker is your friend and your enemy 4 replies
long USDCAD, to see how long it will last, for fun 10 replies
A Daily Walk Towards Retirement 2 replies
Using a 401K/retirement to fund a forex account 18 replies
$500 Account - Salary + Retirement Plan 16 replies
Disliked{image} The truth is, $1 million really doesn't go as far as you might think these days. If you're counting on $1 million to get you through your retirement. Then how long it will last ( before death come to claim you)Ignored
Dislikedthe problem, as a hobby/retail/bucket shop trader, is $1 mil is a crazy amount of money, ALMOST not safe with any of the current mt4/mt5 brokers we are using. if this problem is solved? just for the talk here, speaking of 20-25% a year, is absolutely enough for me as a retirement money. almost any annual trend hedging strategy is delivering that kind of returns... however, getting to the $1 mil is where the risks are going to be made and highly likely, just very few out of thousands and tens of thousands will succeed.Ignored
Disliked{quote} Another way of doing it is ; When you retire you sell your 2M house, buy a luxury apartment for 1.0M and invest the other 1.0M in shares to provide you with income. Borrowing money against an asset can be for further consumption or investment, so is a benefit.Ignored
Disliked{quote} LONG TIME AGO........... I remember you would retire by investing in PUB. Is it Creek Ends in particular ?Ignored
Disliked{quote} Them days are gone ...got bored of it repeating the same old crap to the same old peopleIgnored
Disliked{quote} i agree. but still, the 1M kept with a mt4/mt5 broker is nothing but a pure madness. it will be a lot of work to set 1M up to bring 20-25% a year, as 10-20-30k max per broker must be injected, in order to keep the 1M as safe as possible. p.s. currently my African house costs over 3M and i owe no bank a damn pence...Ignored
Disliked{quote} i agree. but still, the 1M kept with a mt4/mt5 broker is nothing but a pure madness. it will be a lot of work to set 1M up to bring 20-25% a year, as 10-20-30k max per broker must be injected, in order to keep the 1M as safe as possible. p.s. currently my African house costs over 3M and i owe no bank a damn pence...Ignored
Disliked{quote} Have a look at this UK broker for deposit insurance: https://www.darwinex.com/deposit-ins...FaqWhoBenefitsIgnored