@OP,
What is your age, current liquid NW and annual spending?
I don't necessarily think 1% spending needs 'medication' and 'therapy'. Certainly running spreadsheets and calculations for most part of the day while having a sane allocation (even 100% equities at that spend rate might make sense), is something most people would frown at. Nonetheless, if you are fulfilled with the level of spending and knowing you can turn up the dial a few % in years of amazing returns (like 2021/2023/2024), why is it a problem?
I'm around 50-100x expenses depending on the year and not because I'm being frugal but I have a large enough portfolio and all my assets are paid off. In a MCOL location, I just can't spend more without feeling like a waste... Ramit Sethi style Brunello Cucinelli $4000 sweaters and $5000/night vacations at Aman? No my cup of tea. Although I've done it, tried it and thought this kinda spending just stressed me and offered no marginal utility to a quality cashmere off-brand and a nice 5* in a great location. I still check spreadsheets, I still tinker with the AA, and I worry about catastrophic stuff but not daily volatility. It's still "irritating" to see a 6-7 figure net worth change in a month though at times :-/ with that little voice in the back of the head saying "this is it, it's not coming back". Part of the game...
What is your age, current liquid NW and annual spending?
I don't necessarily think 1% spending needs 'medication' and 'therapy'. Certainly running spreadsheets and calculations for most part of the day while having a sane allocation (even 100% equities at that spend rate might make sense), is something most people would frown at. Nonetheless, if you are fulfilled with the level of spending and knowing you can turn up the dial a few % in years of amazing returns (like 2021/2023/2024), why is it a problem?
I'm around 50-100x expenses depending on the year and not because I'm being frugal but I have a large enough portfolio and all my assets are paid off. In a MCOL location, I just can't spend more without feeling like a waste... Ramit Sethi style Brunello Cucinelli $4000 sweaters and $5000/night vacations at Aman? No my cup of tea. Although I've done it, tried it and thought this kinda spending just stressed me and offered no marginal utility to a quality cashmere off-brand and a nice 5* in a great location. I still check spreadsheets, I still tinker with the AA, and I worry about catastrophic stuff but not daily volatility. It's still "irritating" to see a 6-7 figure net worth change in a month though at times :-/ with that little voice in the back of the head saying "this is it, it's not coming back". Part of the game...
Statistics: Posted by DoctorE — Wed Jul 31, 2024 3:04 pm — Replies 173 — Views 29896