Darrell Aden

31 | Long-term investing & wealth building
Personal finance | Stocks | Bitcoin

[Darrell Aden @darrelltalksfi]

I can’t help but feel bad for all the people who panic sold during the 2020 crash. If they had just held on and kept buying the S&P 500 every month, they’d have been up roughly 100% in 18 months.

[Darrell Aden @darrelltalksfi]

When you realize that $100k invested in the market means you’re roughly 25% of the way to becoming a millionaire in terms of time if you continue to save $10,000/year at a 7% average annual return

[Darrell Aden @darrelltalksfi]

If your employer offers a match, take it.

Your company might match $1 for $1 up to 3%, then 50¢ on the dollar for the next 2% for a total match of 4%.

Contribution: 5%
Match: 4%
Total: 9%

That’s an instant 80% return. Risk-free.

[Darrell Aden @darrelltalksfi]

The stock market isn’t a good indicator of the economy.

But there’s a $145.1 trillion market that is.

Bonds.

When bond yields move, borrowing costs follow.

And almost no one knows how to read them.

Here’s how they work:

[Darrell Aden @darrelltalksfi]

Thanks for reading!

If you enjoyed this thread, follow me @darrelltalksfi for more practical finance tips & strategies.

[Darrell Aden @darrelltalksfi]

Fidelity tracks more than 53 million retirement accounts every quarter.

The average balances:

IRA: $137,095
401(k): $146,400
403(b): $133,500

How does the average person plan to retire?

[Darrell Aden @darrelltalksfi]

Retail investors waking up Tuesday morning to the US stock market hitting all-time highs

[Darrell Aden @darrelltalksfi]

Tesla Model Y or Toyota RAV4 SE?

Personally, I’m going Tesla and it’s not even debatable.

[Darrell Aden @darrelltalksfi]

Most people don’t know this…

But there are multiple way to access your retirement funds early.

• Rule of 55
• 401(k) loans
• Rule of 72(t)/SEPP
• Early withdrawal penalty exceptions

Just don’t forget that every dollar you pull out stops compounding.

[Darrell Aden @darrelltalksfi]

In 2015, a janitor from Vermont died and left behind $8 million.

Ronald Read drove a used car. Used safety pins to hold his coat together. Cut his own firewood well into his 90s.

Never earned more than $45k a year.

Just an average guy.

But when the Wall Street Journal analyzed Read’s portfolio, they discovered he held big name companies like Wells Fargo $WFC, Procter & Gamble $PG and Colgate-Palmolive $CL.

Many of which he held for decades.

“I’m sure if he earned $50 in a week, he probably invested $40 of it,” said Read’s friend and neighbor.

If a janitor from Vermont can do it, so can you.

[Darrell Aden @darrelltalksfi]

If I had to do it over again, I’d do everything I could to get $100k invested in the market in my early 20s. That one number changes your entire financial trajectory. Not because it’s a lot of money. But because of what it becomes over decades of compounding.

[Darrell Aden @darrelltalksfi]

“I can’t afford to invest”

Meanwhile, Americans have wagered more than $668 billion sports betting since the Supreme Court legalized it in 2018 🤦‍♂️

[Darrell Aden @darrelltalksfi]

My biggest investing mistake was buying $LTC instead of $BTC with my first few paychecks out of college back in 2017.

[Darrell Aden @darrelltalksfi]

My employer offers a lot of free money.

401(k) Match

$1 for $1 up to 3%, then 50¢ on the dollar for the next 2% for a total match of 4%.

Health Savings Account (HSA) Match

$35 per pay period with a max of $840 per year.

Employee Stock Purchase Program (ESPP) Match

25% match on company stock purchased up to $28,000 per year.

These perks alone will make me a multimillionaire.

[Darrell Aden @darrelltalksfi]

My friend just bought a $10,000 Rolex. Had to wait over a year to get it.

I asked him how he liked it.

He said only guys at the bar comment on it. He even lost a date with a girl because he wore it.

Do not go into debt for a Rolex.

[Darrell Aden @darrelltalksfi]

$500/month starting at 25 = ~$1.7M by 65.

$500/month starting at 35 = ~$745k by 65.

Waiting just 10 years costs you nearly a million dollars.

[Darrell Aden @darrelltalksfi]

Just got off a call that made my day.

My friend recently graduated med school and started his residency. He’s making money for the first time since high school.

He called to tell me he opened up a Roth IRA and made his first buy.

I love seeing friends actually take action.

[Jordan Rolfes @CoachRolfes]

Saturday shout out:

@darrelltalksfi

One of the best finance accounts on here. Lives what he says and puts out great content that is very educational.

Give him a follow!

[Darrell Aden @darrelltalksfi]

My coworker is in his 50s and set to inherit $20M from his in-laws.

He doesn’t have any kids.

I asked him if he regrets not having kids.

He said he’d give up his entire inheritance to go back and have kids.

Think about that.

[Darrell Aden @darrelltalksfi]

$NKE will do anything to save its stock price EXCEPT improve the quality of its products.