Congrats on high returns to date!
Do you have RE goals?
If so, what sort of income (amount; any other qualities you wish to name) is needed to achieve them?
Is your total portfolio close to the amount needed?
Are you happy to continue working, or actively desiring the ability for work to be optional?
Is the market's volatility a threat to your FI?
Would you be FI if you liquidated all taxable stocks, paid capital gains and put 100% in VTSAX (or 80% VTSAX, 20% bonds/cash)?
Would you be FI and have some amount left over to continue the adventure of holding individual stocks?
Thank you!
Do you have RE goals?
-> Yes. I still want to buy a multi, but I'm stuck in analysis paralysis.
If so, what sort of income (amount; any other qualities you wish to name) is needed to achieve them?
-> I think the biggest barrier to entry for me is down payment. multis in my SF Bay are going for 2-5 million, and i simply can't afford that. I've looked in LCOL areas, but I've been evaluating them by cap rate. I've been told that's wrong by some experienced mentors, but it's hard for me to do it any other way.
Is your total portfolio close to the amount needed?
My FatFire goal is 7 million to maintain my standard of living in the bay area. If i move to a LCOL, i could probably halve it.
Are you happy to continue working, or actively desiring the ability for work to be optional?
I would love work to be optional, but I have no intention of retiring if I ever obtain my FU number.
Is the market's volatility a threat to your FI?
Based on my current layout - yes. Tax law changes + market volatility are a huge threat because I have gained a large nest egg, but no cash flow.
Would you be FI if you liquidated all taxable stocks, paid capital gains and put 100% in VTSAX (or 80% VTSAX, 20% bonds/cash)?
According to my 7M figure, no. My rent alone is 5.5k /mo (which is average in my area).
Would you be FI and have some amount left over to continue the adventure of holding individual stocks?
Yes - because I think based on low bond, CD, and treasury returns, stocks are the only place left for these kinds of returns. (I'm ignoring crypto, i don't like it lol)