Comments by "" (@ThePlainBagel) on "Investing STILL Won't Make You Rich (Probably)" video.

  1. Hey everyone! Many of you pointed out that between a max capital tax rate of 20% in the US (I wasn't aware of this, eh?) and taxing the returns every year, my tax estimate was a little high in my example, so I wanted to include the numbers if you EXCLUDE tax (AKA if you could achieve a real return of 7.84%). This is quite possible thanks to certain tax-free accounts, and while it gets a little unrealistic when you increase your contribution rate to $20,000 a year, this will at least provide the optimistic end of the example for comparison: - Years to hit $1M from $10K: 61.0 - Years to hit $1M from $10K + $3K a year: 40.7 - Years to hit $1M from $10K + $20K a year: 20.6 - Real return needed to go from $10K + $3K a year to $1M in 10 years: 54.5%
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  2. Thanks Bernardo! That means a lot :)
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  3. Dammit, you've got me there
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  4. Don't get me wrong! Not trying to downplay the impact YouTube's had on my own finances (still make more from my job currently, but the channel has done very well for me). It's just strange to think of it as a career when it started as a hobby.
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  5. The real test of speed
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  6. That’s correct, it’s an oversimplified calculation of tax. It’s just the easiest way to calculate multiple scenarios, but yes with buy and hold and special capital gains treatment the returns might be a bit higher (with a slight offset from a higher marginal tax rate of selling all at once)
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  7. I'm happy to hear you've made it then!
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  8. That’s right, it’s an oversimplified assumption. I did try to compensate with a lower tax rate than was likely, but even still a lot of government give more favourable rates for dividends and capital gains.
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  9. Happy to hear you’ve made it my guy!
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  10. That’s great news! Just be careful not to YOLO everything on risky positions to try and replicate it. It’s very unlikely for you to consistently earn that amount; the last few years (if not the last decade) are not a good example of what people will LIKELY achieve on a forward-looking basis. It would be akin to forecasting your losses based on the Great Depression!
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  11. You’re thinking 3K a month. But 3K a year (in a jar) times 27 years is only 81K
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  12. See pinned comment
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  13. I'm Canadian
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  14. Thank you
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