The Money Mustache Community
General Discussion => Share Your Badassity => Topic started by: Goldy on January 27, 2018, 11:01:26 AM
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Since Jan 1 my investments have grown just over 100k in 26 days. My salary is 95k so it looks like the breadwinner in our household will be green army. Compound interest for the win!
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Since Jan 1 my investments have grown just over 100k in 26 days. My salary is 95k so it looks like the breadwinner in our household will be green army. Compound interest for the win!
Nice. Compound interest is the strongest force in the universe.
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Same here. Looks like I'm at 136% of my annual salary in portfolio appreciation.
This year might be the year that I pull the trigger on RE.
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Similar idea but different take on it... Our investments have increased in value by ~2 years worth of expenses since January 1.
I try not to get excited about crazy months like this by keeping in mind there will be days or months that go the other direction and I have no idea where will be at year's end. It's a marathon, not a sprint.
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Same here. Looks like I'm at 136% of my annual salary in portfolio appreciation.
This year might be the year that I pull the trigger on RE.
Nice work!
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How's that working out now? Yikes! The market swings.
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Keep calm and ride it out.
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How's that working out now? Yikes! The market swings.
The market giveth, the market takeith. I haven’t crunched the numbers yet but i’m probably down 125k which sure sounds like a lot but it just knocked me back to my December or November levels. Feb will be my first negative month since aug 2016 so i’m not going to complain.
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How's that working out now? Yikes! The market swings.
LOL!
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Now if only I can keep my investments from losing more money in a week than I can spend in a month, I'll be set.
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Now if only I can keep my investments from losing more money in a week than I can spend in a month, I'll be set.
I don't think I could spend as much money as I've lost if I tried. We've lost tens of thousands, if not hundred thousand (I won't check- I check accounts on the first and that's it.)
I always failed at those hypothetical "spend this much money" assignments in school.
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'Green Army' has went AWOL!
Damn mercenaries!
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Now if only I can keep my investments from losing more money in a week than I can spend in a month, I'll be set.
I don't think I could spend as much money as I've lost if I tried. We've lost tens of thousands, if not hundred thousand (I won't check- I check accounts on the first and that's it.)
If the company issuing the stock didn't go out of business, and you didn't sell the stock when the price was down, you didn't lose a damn thing. Not one penny.
And if if you didn't sell the stock and didn't receive a dividend, you didn't make anything either.
You own exactly the same percentage of those businesses you always did.
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Since Jan 1 my investments have grown just over 100k in 26 days. My salary is 95k so it looks like the breadwinner in our household will be green army. Compound interest for the win!
One of the classic hallmarks of the naive investor is assuming their great returns over a short period will continue, and counting profits before they've locked them in. It's certainly heartening to see one's account grow dramatically, but poor practice to think of it as certain money in the same way your earned salary is. Unless of course you took all your profits and popped it in a nice savings account.
And it wasn't compound interest for the win. If it was compound interest, it would be (apart from being a much smaller amount) paid money in your account, safe from market corrections. It isn't and it's not.