Retire at 35 telegram Channel

A blog by Babaykin, a 38-year-old retiree from Moscow with over $1 million in capital and author of "Retire at 35". The blog will feature translated articles related to retirement, generational wealth and financial independence. Inspired by similar projects focusing on long-term security like Retirement Project fairlaunch which aims for generational wealth and affordable housing initiatives such as OwnHousesinMoscow, this blog provides insights into achieving financial freedom. The author's background includes experience with crypto since 2017 and a focus on transparency.

Messages

⛄️ Never interrupt a compound interest!
Selling stocks in moments of panic is the worst possible decision.
Such investors will have to build a new snowman every winter.

How am I feeling right now? Totally calm.
Who's losing money now? Is it investors? No, of course not.
The ones who are currently losing money are speculators, leveraged investors, gamblers and those who have lost their nerve.

As for me, nothing has changed:
⭕️ I've been living off the dividends.
⭕️ I never got up at 7 a.m. for work before and I still never do
⭕️ Now I’ve got more cows
⭕️ More milk (almost twice as much as last year)
⭕️ Milk % yields have increased
⭕️ My average stock prices are lower than current prices

So what am I doing right now? Same plan. I'm exchanging cash for stocks that have dropped in value.

#fire_comics

@retire_at_35

Time: 3/1/2022, 5:17:32 PM | Views: 7100

😱 In wise books the risk is measured by the standard deviation of expected returns. In other words, how intensively your portfolio value can be "disrupted" in a particular asset class and in a particular country.

More precisely, how much you can get scared and do something stupid. As for me, I don't get scared by price fluctuations anymore. I perceive them as horror movies. When I was a kid, after watching a scary movie we couldn't fall asleep for a long time. And now during a bloody scene we more often yawn or even smile.

So the question is, who is the most susceptible to such horror movies? Newcomers are. And that's despite the fact that most of their portfolio involves money that they haven't even earned yet.

#fire_comics

@retire_at_35

Time: 2/22/2022, 5:17:51 PM | Views: 7000

🚭 Today they put frightening photos and inscriptions on cigarette packages. Everyone is used to it by now.

I don't know whether such propaganda works or not. But now there are noticeably fewer smokers on the streets of Moscow.

🤑 Will we live long enough to see the same signs on consumer items?

Maybe there would be fewer poor people then, too.

#fire_comics

@retire_at_35

Time: 2/15/2022, 5:17:26 PM | Views: 7000

✈️ In the event of a cabin depressurization, the oxygen mask must first be put on yourself and only then on the child.
©️ Passenger safety instructions.

The quote above has already become a saying but many investors still ignore it.

I will send this picture to anyone who calls me selfish. There is nothing wrong with selfishness. Moreover - selfishness benefits not only me, but also all my loved ones.

#fire_comics

@retire_at_35

Time: 2/8/2022, 5:17:54 PM | Views: 7100

⚔️ What if there is a war or a revolution tomorrow?

🛖 Should you buy a house in Siberia?
🛂 Should you get multiple passports?
🔫 Should you keep an arsenal of weapons at home?

The more mature of an investor I become, the more I realize all of the listed above options are expensive and silly.
✈️ There's no point in preparing a backup runway in case your plane crashes.

#fire_comics

@retire_at_35

Time: 2/1/2022, 5:17:34 PM | Views: 6600

Which one of them will be the first one to retire?
Peter randomly chooses one and puts $750/month aside.
Karl has a balanced portfolio and puts $50/month aside.

Here is a typical dialogue with one of my subscribers:

Subscriber: Did I choose the right stock? 📈

Me: It doesn't matter. You can pick at random.🔀

Subscriber: What do you mean "at random"? 😲

Me: It's simple! You are in the accumulation phase. Your portfolio is not yet formed. The future is unknown. And the main role in living off capital is the savings rate.😜

P.S.
🙈 Here is an idea from one of my previous articles. The monkey who saves $750 each month and chooses shares RANDOMLY will retire much sooner than the exchange "expert" who studies the market day and night, puts together a balanced portfolio, but does not know how to earn OUTSIDE of the market and save up.

#fire_comics

@retire_at_35

Time: 1/25/2022, 5:17:34 PM | Views: 6200

🔮 A new year has arrived. Once again, the Armageddonists are popping up from everywhere.

They say that a powerful collapse awaits us.

Maybe they are right, maybe not.

📈📉 Personally, I do not know where the market will go. But I am ready for any scenario - decline, growth, stagnation. I am ready both psychologically and financially.

🤷‍♂️ The same cannot be said about Armageddoners. These “oracles” think that they know the future. Perhaps they do. But they are massively unprepared for their own predictions.

Ammunition, stewed meat, matches and a few thousand dollars in the account will not save the “oracles” in the crisis.

#fire_comics

@retire_at_35

Time: 1/18/2022, 5:17:38 PM | Views: 6000

Salary is a stronger drug than heroin. The addiction is instantaneous. The symptoms are just like those of an addict:

⭕️ You quickly become addicted to the dose.
⭕️ You're anxious to increase your dose.
⭕️ When you overdose, you go crazy and often lower your expectations of yourself.
⭕️ Living from dose to dose. You count the hours and even minutes.

#fire_comics

@retire_at_35

Time: 1/11/2022, 5:17:10 PM | Views: 6300

👨‍🎓memo for parents. Scroll👉

#fire_comics

@retire_at_35

Time: 12/28/2021, 5:27:33 PM | Views: 7900

🧠 I usually write articles for those who accumulate capital through salary and/or business income. Such investors act gradually and the process of accumulation takes 10 or even more years.

But then there are those who don’t need to be taught the theory of how to earn and save. These are the people who have received their capital all at once

How should they proceed? There is very little information about such situations in the books.

I shall Immediately answer the main question — buy all at once or gradually? Figures show that it is better to do it all at once.

So that’s a quick math lesson for you. But in real life it’s not like that. I regularly encounter rookies with money and fear in their eyes at the same time.

[ READ MORE ]

#lesson

@retire_at_35

Time: 12/21/2021, 5:17:55 PM | Views: 10800