How To Calculate The Amount Of $$ You Need To Retire, In 10 Seconds

the Weekly FIVES Series [4 of 250]: This episode covers macro and market updates, the 5 stocks I purchased for the FIVES challenge, how my Buckets Tracking is going, and how to calculate the amount of money you need in a retirement account before you can retire using the 4% rule.

Here’s a free link to download and print The Bucket Tracker http://tinyurl.com/y3wcxxzy

Macro update:

GDP for Q4 2023 came in at 3.3%, they were forecasting 2%, prev quarter of 4.9%.  

Jobless claims ticked up 13% from last week, from 189k to 214k, about 14k more than forecasted.

New home sales surprised to the upside, up 8% from last month at 664,000 and ~20k more than forecasted.  

 Market update

Nasdaq:  up 2.6% for the week, 5% ytd

S&P 500: up 2.1%, 3.2% ytd

Russell 2000:  down 2.5%, down 1.8% ytd

BTC: - down 4%, down 9.6% ytd

Gold (started year 2,062oz): flat for the week and down 2.3% ytd

Oil: up 5.3% for the week, up 8% ytd

MAGS:  Mag 7:  up 1.8% for week, up 6.5% ytd, (Alphabet, Apple, Amz, Meta, MSFT, NVIDA, Tesla)

If this episode moves you in any way, please share with friends, family, your teenage kids, and tune in next week. Thank you!

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FIVES: Financial Independence Vs. Endless Struggle. No More 9 to 5 until 65.