As a FIREer, what is going for us is that majority of us who are more than half way there own large assets in stock market. I think a lot of us belong to the top 10%.
As the world plunges into chaos and unemployment is at sky high, a lot of us FIREers are making seriously good money in the stock market. If you re heavy on NASDQ index or FANNG stocks, you are killing it.
Does it ever cause a bit guilt in you that you are fairing so much better than the 90% population? That you don't even need to work and your portfolio is pulling in more money than average household income?
I do. I feel guilty. I work in asset management and I feel the whole stock market is so rigged that it's a way for the rich to enrich themselves. One of my mentors once told me that if you want to be rich, you own assets and businesses and hire others to do the work for you. One day, you will be making money while you are sleeping. I've dreamed to get there one day like him. And I did. But I have tremendous amount of guilt that I don't do shit and I make 6 figures a year just by sitting on FANNG and other Tech stocks.
Here is the brief stats as who own the stocks in America.
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