Just wanted to drop in this thread and let you know I think you have an awesome product and I have been happily using speedify for almost a year now. I hope you keep up the great work and are able to keep growing!
>Can you imagine living on $20K, $30K, $40K, a year?
Yes, because I have done it every year for the past decade. Having lived in several large metropolitan areas, I don't consider myself poor or even struggling.
>In the current economic climate, it is pretty much a waste "investing" in anything until you have, say, an 8-figure sum in cash laying around doing nothing.
Why do you say that? It is clear that money can be made investing with less than an 8-figure sum. For instance, the Vanguard S&P500 index fund returned 22% last year and 10.66% since its introduction in 1976. The fund minimum is $3,000.
>I'd head over to the Bogleheads forum and spend a week or two reading.
The bogleheads forum is a fantastic resource with many published authors and other smart folks. I have been an avid reader (and occasional participant) for over 2 years.
Given the abundance of academic research on the subject of the efficient-market hypothesis, I think it is futile and foolish to try to "beat the market" by trying to pick individual stocks that are mispriced. Therefore, I own low-cost index funds and try to own the market as a whole.
I do try to shelter as much of my portfolio as possible since taxes reduce returns. I have a 401k, 403b, Roth IRA, Traditional IRA, 457(b)... (I've had a lot of jobs).
Fascinating. I imagine you are ludicrously rich via these obvious and well-publicized methods? How long did it take you to learn and implement these tactics? I would also love to see pictures of your yacht and/or Mansion.
Just wanted to drop in this thread and let you know I think you have an awesome product and I have been happily using speedify for almost a year now. I hope you keep up the great work and are able to keep growing!