“If you have not maxed out your IRA and 401k, you can do that. With every raise, aim to increase your savings rate.”
RB
Robert Brokamp
Rule Breaker Investing ·
Harley Bassman · Alpha Exchange · Harley Bassman, The Convexity Maven
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Max out 401k contributions, allocate 80% to SPY and 20% to a five-year inflation-protected fund, enable auto-reinvest and hold for 30 years
80% SPY, 20% five-year IT fund, 30-year horizon
“If you have not maxed out your IRA and 401k, you can do that. With every raise, aim to increase your savings rate.”
“We're left with $18, so $100 sale minus $30 of cost of goods, minus $6 for TikTok, minus $15 for the creator, minus $20 for GMV Max, minus $8 for fulfillment and shipping, minus $3 for returns equals an $18 contribution margin.”
“People don’t need to sell… they’ve made so much money over the last seven years… they can hold it for another five years.”
“You would just, if I had five different funds, five different equity funds, I just take my top 10 or 20 holdings, rank all of them and see what the overlap is”
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