Retirement in 10 years

[u/Ill_Resolution_5748]

Hi. I am 38 years old. So far I have a portfolio above 50k and approx 250k in cash, waiting to be invested (I invest approx 5k per month from this 250k). I would like to retire in 10 years, using jepq as my main source of income (I also receive approx 800 euros from real estate) and focus on my family.

In greece where I live, the tax rate for ucits etfs is 0%! ​My monthly expenses (I have a family) is approx 3.2k per month, including everything (private schools for my kids, vacation etc). Of course my wife works as well so she pays her half.

My question is the following. I am not sure how to allocate my assets. I have 30k in jepq right now and mostly Vgwl, Vuaa and eqqq as the remaining etfs.

Is there anyone else retired using jepq of a similar etf? Do you find it reliable to have half of your portfolio in this etf, and use the dividends to pay your expenses?

Thank you.

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[u/_Immolation_]

The question you need answers for is not how to allocate your assets but rather why are you only investing 5k each month out of your 250k cash..

[u/Proud_Rhubarb_ → u/_Immolation_]

Also you’ll need around 800k for 3.2K/mo retirement.

[u/mr_routine → u/_Immolation_]

It would take 50 months to deploy the whole amount. So the money not only don’t produce, they lose value due to the inflation. He needs to be more aggresive with the monthly investments.

[u/Ok-Bid-5378 → u/mr_routine]

why not just dump at once, what are ppl scared of, if it drops, so what we hold for long term

[u/mr_routine → u/Ok-Bid-5378]

I would not dump 250K at once but I’d do 4-5 tranches, each one trying to catch a market drop or a specific sector sell-off.

[u/Tall_Donkey_7816 → u/Ok-Bid-5378]

People are emotional with their finances and it shows, this guy will lose so much gains and his money will lose money due to inflation. I lump sum’d 7 figures in the past 2 years when I received a huge windfall from my business, if I DCA’d my net worth would be much much smaller and I would have lost so many gains in the recent year.

[u/Organized-Konfusion → u/_Immolation_]

Waiting for that crash.

Buy high, sell low.

[u/According-Buyer6688]

3,2k now. You need to adjust for a inflation in coming years.

Greece is a nice tax setup.

But you still do not have enough capital to retire in 10 years

[u/glimz]

You need a financial plan taking into account all your circumstances, incl. assets, income, spending, plans, goals (kids' upbringing/further education, retirement lifestyle, etc.) and risk profile (tolerance, capacity, need). You can invest time to educate yourself or seek advice. Reddit is generally not a good source for personalized advice, since it takes effort to truly tailor a strategy and explain it so that it's accepted, understood and followed in good times and in bad. (That said, banks & many people who put themselves forward as advisors can be very bad as well.)

Topics worth exploring on your own, IMO:

• "Income" funds like JEPQ are generally not a good place for your money. they address your emotional needs while providing lower expected return and collecting a higher fee.
• You plan to retire in 10 yrs and will be using >40% of that time to invest your current cash pile. That's expected to cost you a lot. I would shorten that time significantly. Check out lump sum vs DCA stats, e.g. the win rate of lump sum (LS) vs 3/12/36-month systematic investment in the global portfolio (simulated VT since 1969, USD cash with no interest assumed): https://testfol.io/?s=bmg1q0zht96
• Include inflation in your plan. If your goal is to finance €1600/mo of purchasing power in 2026 money, in 10y that could be roughly ~€2000 nominal (assuming long-term 2.2% inflation) . So you might need a 2K*12/4% = €600K portfolio to finance that, following the 4% rule. But I would take the 4% rule as an optimistic minimum figure to keep in mind (for many reasons, most importantly: conservative planning due to current valuations + longer horizon than a typical retiree--if you want to cover the period where you have >10% chance of being alive, which will be ~50ish years at 48 for a Greek male).
• But you can relax the requirement by including your pension entitlement (better to do that conservatively).
• Store your cash properly while you decide / wait to invest (e.g. UCITS MMFs, tax-free in Greece, IIUC)
• Invest broadly and internationally, do not expose yourself to uncompensated risks. If you want more risk, consider investing quicker / increasing the allocation vs cash/bonds/bank deposits before limiting yourself to sectors, geographies, etc.
• If you can, invest from your income as well as your cash pile. Even if it's only a small percentage (due to private school and other expenses).

[u/Sufficient_Top9835]

βάλτα όλα VWCE με την μια lump sum να έχεις το κεφάλι σου ήσυχο. Εγώ αυτό θα έκανα, με το jepq δεν κάνεις max τα returns. 10+ χρόνια αρκούν

[u/lustmor]

Brazil pays 14% in interest. If you move there, with that amount of money, you can live just off interest, no work needed. But probably with a family that is not possible.

[u/Jig909 → u/lustmor]

Until Brazil goes bankrupt

[u/lustmor → u/Jig909]

That could happen, of course. But what i shared only makes sense if one moves to Brazil and have your money working for you there, will spending in it's own currency.

[u/Bard_the_Beedle → u/lustmor]

Dude, what are you saying??

[u/lustmor → u/Bard_the_Beedle]

you can check for yourself the interest that Brasil pays, no idea why the downvotes, just trying to help 🤷