Young Investors Playing with FIRE

With the 1992 best-selling book, “Your Money or Your Life,” people started thinking about becoming Financially Independent enough to Retire Early. And so, the FIRE movement began.

Investopedia says followers of the FIRE movement save up to 70% of their income. Eventually, they quit their jobs and live solely off small withdrawals from their portfolios. 

Continuing, Investopedia points out, “Millennials in particular have embraced the FIRE movement with the aim of retiring well before the age of 65. Once their savings reach approximately 30 times their yearly expenses, often roughly $1 million, they may quit their day jobs or completely retire from any form of employment altogether.”

Have You Considered FIRE? 

If so, have you noticed any challenges during 2020? It’s important to stay on track especially in a volatile market. 

An article at Ticker Tape outlined three ways to potentially protect your portfolio during uncertain times.

  1. Review Needs vs. Wants

“Figure out your ‘need to have’ and ‘nice to have’ spending. No matter what your age of stage of retirement, reviewing needs and wants can help you avoid problems later. Cover your needs and adjust spending on wants as necessary.”

  1. Consider Using a Bucket Strategy

“Everyone has different comfort levels and risk tolerance, but it can make sense to protect at least some of your assets from immediate dangers related to economic stresses, while still leaving a portion of your portfolio in stocks to benefit from a potential recovery.”

  1. Review Your Plan Annually

“You never know when life will throw you a curveball. You need to make sure your plan still makes sense for you.”

Not for Everyone

Several articles and blogs tell you how to be part of the FIRE movement. You’ll also find stories of those who tried it and realized it wasn’t for them. If financial independence and retiring early are your goals, make sure you’re following that path for the right reasons.

This article on Business Insider details one woman’s eye-opening experience. She says, “During my FIRE years, I delayed experiences and said no to opportunities that I can’t get back. I was so busy obsessing over my dreams that I missed making actual memories. I wasn’t living my life.

“I still save a lot of my income. My biggest goal is still to achieve financial independence. But I’m in less of a hurry to get there.”

FIRE Concepts for Everyone

Maybe you can’t or don’t want to save 70% of your income. Another article on Business Insider gives five concepts anyone can use.

  • Live on less: Live on a reasonable budget. Make prudent purchasing decisions to help you save more and retire early.
  • Increase your savings: Say you save 10% of your income today. Your next goal is 30%, but you only save 22%. That’s still a lot more than the average person saves! Every additional dollar you save and invest gets you closer to financial independence.
  • Know your numbers: “FIRE-minded individuals and households can’t just spend willy-nilly and hope their retirement works out as planned. They tend to follow a budget and closely track their financial progress.”
  • Don’t risk your retirement: No investment is risk-free. FIRE investors know their money must last a long time.
  • Invest for the long-term: It might be fun to try to make a lot of money day trading, but it’s not right for your money. “Instead of tinkering and trying to make money in the short-term, focus on long-term investment goals and avoid risk.”

Personal Retirement Planning

With several ways to implement your own version of FIRE, your personal retirement planning should include the smartest way to invest in your future. At iFlip, that means achieving your goals, mitigating your risk and growing your wealth. 

Investing long-term with iFlip’s A.I. SmartFolios lets you preserve, protect and grow your wealth. The best algorithmic trading software is built into iFlip’s SmartFolios. This automated trading software constantly analyzes your positions and makes trades for you.

See A.I SmartFolios Investment Performance

If you’re going to play with FIRE, make it less risky. Jump over to iFlip. Learn more about A.I. SmartFolios for desktop and mobile stock trading. See how easy it is to create an account. 

Like this article?

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
kelly sikkema zcAgxLryKe4 unsplash

Bear Territory

Dear Flip users  Sadly my accurate prognosticating has continued to be reinforced by the markets....

WhatsApp Image 2022 05 18 at 12 53 38 PM


Today⁠—Monday, May 16, 2022⁠—the Flip system triggered a BUY as a result of an infrequent but largely...

Leave a Reply

Your email address will not be published.

You were referred by

Zero-dollar ($0) commissions are available for self-directed Individual cash or margin brokerage accounts that trade U.S. listed securities via mobile devices and via web interface. To obtain the commission and fee schedule, please see our website at Note that certain Flip Investor Inc. Product features listed are currently in development and will be available in the near future. System execution price, speed, response time, liquidity, market information, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors. Some of the information provided show hypothetical results which may or may not represent live performance. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns.  Keep in mind that while diversification and the use of algorithms may help manage risk it does not assure a profit, or protect completely against losses, in a down market. There is always the potential of losing money when you invest in securities, or other financial products.  Investors should consider their investment objectives and risks carefully prior to investing.

Past performance is not indicative of future performance. iFlip data results assembled using various Flip algorithms applied to the equities listed on this webpage (if any). Results compiled for each equity and each algorithm assume a 10,000 initial investment beginning on Jan 1st 2005. All iFlip price assumptions are based on the opening price of each day as found in Yahoo finance. Yearly NAV data points compiled by compounding annual returns using standard year over year accounting. S&P500 results are derived using the SPY as a proxy. The data on this webpage is not intended as a solicitation. Always seek professional advice for suitability.

iFlip Ultimate

iFlip Ultimate is a concierge service product designed for high net worth client or institutions ($1m+ Net Worth). It as not been released yet

Download our new FREE mobile app!

Floating Mobile App
Free AI Circle 6

Upgrade Plan

Free AI Circle 6

Upgrade Plan

Breakout Coming Soon!

Get notified when it's available.

iFlip Spinner


Successfully on waitlist. You will be notified as soon as the breakouts are available.

A.I. Smart Folios Automated Stock Trading

Download our app mobile app to create a free trading account.

Certified Partner Signup

Doug Adams copy

Doug Adams - COO

Doug Adams has more than 30 years of experience as an executive in the IT industry. He has demonstrated success helping companies grow profitably with high degrees of customer satisfaction. 

He has a passion for developing talent and building high performing teams. Most recently as a Senior VP at FusionStorm, he helped grow the company from $440mm to over $1bb in sales and improve profitability 1500% (15x) over 7 years. Prior to that he was at Oracle for 14 years where he served as a Vice President in their North America Consulting Division. 

He had responsibility for a variety of software and technology practices with a team of over 400 consultants. He has also held leadership positions at IBM and Andersen Consulting (Accenture), and holds a BS degree from Cal Poly, San Luis Obispo in Industrial Engineering.

Ed Sweeney

Ed Sweeny - Board Member

Ed Sweeney is a partner and a founder of RCM Alternatives. Previously, he was a Managing Director of Trading at TD Options, LLC, a subsidiary of TD Securities until 2006. 

He is also a founder of Starboard Specialty Funds, LLC. which is an active fund specializing in private and publicly traded bank equities.
He was also a co-founder of a trading technology firm, Ragnarok Systems, and also worked for O’Connor & Associates and at Swiss Bank Corporation as a director of fixed income trading.
Mr. Sweeney graduated with an M.S. and B.S. in Mechanical Engineering from MIT, has a J.D. from John Marshall Law School and holds a Series 7, 24 and 63 licenses.

Karla Dennis

Karla Dennis - Board Member

As seen in Forbes Magazine, Karla Dennis is an expert tax and business strategist. As an enrolled agent, Karla is licensed to represent taxpayers in all 50 states. She holds a Masters in Taxation and Business Development and is the author of two books, Tax Storm and Against the Odds. 

She has been featured in various media outlets such as, KTLA, Forbes, MSNBC, Yahoo! Finance, and SmartMoney marking her the ultimate tax and business expert.

Thomas Shippee Bio

Thomas Shippee - Consulting Board Member

Thomas P. Shippee is a financial services investor and industry expert. His early years he earned a Bachelor’s degree in Economics at Bates College and an MBA at Pepperdine University.   

For the last 35 years he has served in various positions including CEO of Wells Fargo Financial whereupon he oversaw all US and Canadian consumer and commercial business finance operations from Des Moines, IA.  He currently spends his efforts in the consumer financial services industry counseling and working for small privately held businesses.  

David Bay Bio

David Bay - Consulting Board Member

David is a Kentucky native graduating with a degree in Music Education at University of Kentucky and a Masters degree in Education from Xavier University. His early years were spent excelling as band director leading his group to breaking records, honors and 3 straight years of placing in state wide competitions. 

In 1988 David started a new life of entrepreneurship. Since then his natural ability to lead and passion for growing people has stretched him to employ over a hundred employees and operating several businesses over several industries including real estate, heating oil, farm gas, commercial lubricant, consulting, skilled nursing care, convenience store and restaurant business.  

Marc C

Marc Chesley - Consulting Board Member

Marc Chesley is a software industry pioneer with a passion for growing people and companies. He is a recognized innovator and operational leader. As former CTO at Infusionsoft, Marc helped grow the company from startup to over $100mm in revenue. He has led as CEO and President of many fast-growth software companies. 

Marc was recognized as Arizona CIO of the Year by the Phoenix Business Journal and the Arizona Technology Council.  The Society for Information Management awarded him Arizona IT Leader of the Year. He currently works as the COO at Paradox (fast-growing software firm) managing product teams, engineering teams, business development teams and serving as general counsel.


Kelly Korshak - CTO

Kelly attended Stanford and subsequently the University of Chicago and has a graduate degree in mathematics.  He spent 25+ years on Wall Street, investing over $4 Billion assets for institutional banks and funds including Deutsche Bank, Morgan Stanley, Diamondback Capital, Brevan Howard and Tudor Group. 

His strategy to investing is built around the approach that Artificial Intelligence (A.I.) and machine learning algorithms produce superior risk / reward in the stock market.  This A.I. approach led him to retire from Wall Street with his family in Arizona to start up his own company “Flip Investor”.  

His dream is to empower all individuals to grow their wealth through the power of A.I. SmartFolio technology.

Randy Tate

Randy Tate - CEO

Randy spent his earlier years as a successful collegiate athlete and then self-made entrepreneur.  He grew an athletic apparel company to over $5M+ in revenue, then sold it to a publicly traded sporting conglomerate, Sports Chalet. 

For the last 10+ years he has trained thousands of employees and business owners on how to market effectively, grow sales and build sustainable growth in their companies.

His passion for technology led him to one of the fastest growing software companies called Infusionsoft, which peaked with over 150,000 software users.  As the VP of Business Training for customers, he developed and oversaw the expansion of the Elite Business Education curriculum program.

Since then he has led as the co-founder and CEO of iFlip, SAAS Financial Technology Company.  His passion is to empower all individuals to grow their wealth for the future through the use of AI investing technology.