Good evening fellow gaymers and sexe havers. For 1,000 years FDs have controlled our lives, but there is a better way.
I am starting my own spin on the challenge, only it will be designed for long-term retirement style investing in growth, dividends, and value stocks. This is a challenge to myself more than an attempt to make us all money but it is something everyone should be doing as well.
My Ideas: Everyone loves options swing trading and I am included in every one. I am never gonna stop swinging options but I think there is a lack of mentioning the benefits of compounding growth, IRAs, 401ks, and the world of long-term investing. Especially for the youth of Valhalla, we have an average age around maybe 21 for the youth. At the age of 21, you have 38 years until the retirement/withdrawal age of a IRA (59). In this scenario if you invest in just SPY with 100 dollars a week and average a return of 10% a year you would have 1.8 million at 59.
I know everyone knows theses basics but I don’t think we all follow through as much as we should with executing on that potential, or we want it now and cant wait for it to come. Going back to that same 38 year timeline, say you invest 150 a week in maybe SPY or SCHD or VOO. You average 10% a year and reinvest any dividends, you would have 3 million dollars at 59 and would easily be able to retire and buy a lambo. This can be taken to a massive extreme depending on what you can save and invest, if you start now and you invest as much as you can you could push these numbers much higher. With compounding growth, continous investment, and DRIP (Dividend Reinvestment) you could be in the dozens of millions 35-45 years down the road.
Something that so many do is assume they won’t live forever, people always say young people think they will live forever but the opposite is true in my experience. Odds are you are going to live to 70 and you are definitely going to live to 59. I can’t think of a single person at these ages that says they wish they invested less. Even beyond having money for retirement, you will have so much more peace of mind if you know there is a massive investment account behind you throughout your life. When you are 32 and having a second kid you will have peace of mind knowing you have a 210k account behind you, when you are 45 and buying a forever home you will have peace of mind knowing you have a 1.2 million account behind you, and when you are 51 and tired of working you can make the decision to withdraw early and take home 3.5 million or keep it going at retire at 59 with 8 million. (Just simple examples)
What I am doing: I am going to be starting with $1,000 and I am going to continue to invest $125 a week every week till I am 59. Hopefully, Valhalla still exists by the end of this goal. If you clued in on the 125 number already, great. 125 a week equals 6,500 a year which is the maximum contribution a year to an IRA. Over time the government raises the max contribution amount and so will I with the weekly contribution to match. I will invest more beyond an IRA, this will be included when I decide to start investing more than the IRA cap. There are income limits on IRAs, if you are single and make more than 153k a year or married and make more than 228k a year then you cannot use an IRA but you can always invest in a regular brokerage account.
This is going to be a very very VERY long-term thing, you will not need to check in daily for updates. I am going to do monthly recaps of what I have returned and what I am thinking on for the future. You know those people that have had the same Minecraft hardcore game for the last 15 years and then make the news when they finally die, that is what this will be.
What I would love to see: I do not want this to just be a me thing. I want whoever is willing and able, to do what I am doing. If you can then, please invest for yourself, I know many of you already do and we have people of all ages. Whether you are in your mid-30s and have a large retirement already or you are mid-30s and haven’t saved a thing. Whether you are 20 and can only save a little a month or you are 45 and are playing catchup and going ham with investing. I would love to see people posting monthly or quarterly updates on their returns and contributions to their IRAs, 401ks, and individual accounts. Even if there is no traction and people do not join in I will continue to carry it on. Nobody should assume they are doomed and that life is a meme, it is not. We trade to make money and create generational wealth and hopefully, everyone will accomplish that goal here.
TLDR: I am saving for the future and you should too, lets’s do it together and motivate each other to keep it going by showing each other our progress and potential.
I love you all, 
