Author Topic: Race from $1M to $2M  (Read 285563 times)

Freedomin5

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Re: Race from $1M to $2M
« Reply #1200 on: June 25, 2020, 03:12:30 AM »
Under the circumstances, I'm just content to be treading water. I think its likely that weíll see more losses as the full picture of the economic reality sets in.  But maybe Iím wrong, weíll see.

Just paper losses though. Not real losses.

It took us seven years to get to $1M. We are on track to get to $2M in four years. Instead of looking at TNW, I focus on the monthly increases, because going from $1.009M to 1.029M looks tiny, but going up by $20K in one month looks like an enormous gain.

winkleweizen

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Re: Race from $1M to $2M
« Reply #1201 on: June 30, 2020, 04:11:20 PM »
march 2019: 1.04m
july 2019:     1.18m
Oct 2019:     1.24m
Feb 2020:     1.42m
April 2020:    1.23m
May 2020:    1.38m
June 2020: 1.45m
July 2020:    1.507m

brooklynmoney

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Re: Race from $1M to $2M
« Reply #1202 on: July 01, 2020, 05:06:57 AM »
I feel like $2MM will never come! I take one $100k step forward and then one back. Although really I have no cause to complain. I canít believe how the market has recovered and performed in this insane world we now live in. I also just bought my first car ever (ahh!) so thatís a hit but Iím happy. This is the most money Iíve ever spent outside buying my apt. which felt like half investment have consumption purchase. This is just pure consumption.

4tify

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Re: Race from $1M to $2M
« Reply #1203 on: July 01, 2020, 07:32:29 AM »
I feel like $2MM will never come! I take one $100k step forward and then one back. Although really I have no cause to complain. I canít believe how the market has recovered and performed in this insane world we now live in. I also just bought my first car ever (ahh!) so thatís a hit but Iím happy. This is the most money Iíve ever spent outside buying my apt. which felt like half investment have consumption purchase. This is just pure consumption.

I feel the same way, AND I bought my first car 2 years ago. I wanted to see what it was like. Having done it I'm pretty happy, though if I ever did it again I'd get a certified pre-owned. I just looked at what I could get for it now if I sold it and it's basically cost me what a lease would have cost for the past 2 years. So maybe lease next time? I'm planning to drive it for 10 years anyway.

Arbitrage

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Re: Race from $1M to $2M
« Reply #1204 on: July 01, 2020, 08:16:48 AM »
Liquid NW / Total NW

1/1/16: $455k / 675k
1/1/17: $555k / 822k
1/1/18: $735k / 1.071M
1/1/19: $765k / 1.152M
12/1/19: $1.011M / 1.477M
1/1/20: $1.049M / 1.531M
2/1/20: $1.041M / 1.522M
3/1/20: $990k / 1.463M
4/1/20: Something much lower, didn't check
5/20/20: $950k / 1.428M
6/1/20: $1.009M / 1.493M
7/1/20: $1.042M / 1.524M

Blissful Biker

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Re: Race from $1M to $2M
« Reply #1205 on: July 01, 2020, 03:52:46 PM »
(CDN$)        LNW         TWN
2018 YE    $1.13M    $1.66M
1Q2019     $1.26M    $1.77M
2Q2019     $1.26M    $1.77M
3Q2019     $1.33M    $1.84M
4Q2019     $1.38M    $1.90M
1Q2020     $1.18M    $1.75M
2Q2020     $1.40M    $1.95M

It's been a bumpy ride but super happy to see a new peak NW.  I'm glad I rebalanced my portfolio during the dip.  Selling safe bonds and buying risky stocks took courage but it's paid off.   I am not too attached to my NW number at the moment.  Tomorrow's a new day in a strange world and it might drop again.  But that's OK.  I'm in for the long haul.

TempusFugit

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Re: Race from $1M to $2M
« Reply #1206 on: July 01, 2020, 05:08:22 PM »
                 LNW    /  TNW
EOY 2018 - 877K   / 1.02M
EOY 2019 - 1.12M  / 1.275M
EQ1 2020 - 956K   / 1.11M     
EQ2 2020 - 1.14M / 1.3M

Making just a little bit of progress, mostly from contributions so far this year.  Good to be ahead anyway. 

I could look at it as being up a quarter million over the past 18 months.  Yeah, that's how I'll look at it.  That feels much better. 

Freedomin5

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Re: Race from $1M to $2M
« Reply #1207 on: July 01, 2020, 07:58:36 PM »
I could look at it as being up a quarter million over the past 18 months.  Yeah, that's how I'll look at it.  That feels much better.

LOL! Yes, that is how I'm choosing to look at it too. We are up a quarter million over the past 12 months.

brooklynmoney

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Re: Race from $1M to $2M
« Reply #1208 on: July 01, 2020, 09:02:33 PM »
I feel like $2MM will never come! I take one $100k step forward and then one back. Although really I have no cause to complain. I canít believe how the market has recovered and performed in this insane world we now live in. I also just bought my first car ever (ahh!) so thatís a hit but Iím happy. This is the most money Iíve ever spent outside buying my apt. which felt like half investment have consumption purchase. This is just pure consumption.

I feel the same way, AND I bought my first car 2 years ago. I wanted to see what it was like. Having done it I'm pretty happy, though if I ever did it again I'd get a certified pre-owned. I just looked at what I could get for it now if I sold it and it's basically cost me what a lease would have cost for the past 2 years. So maybe lease next time? I'm planning to drive it for 10 years anyway.

Iím nervous about it but did buy a certified pre owned so hope my niece will be able to drive it in 10+ years.

JGS1980

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Re: Race from $1M to $2M
« Reply #1209 on: July 02, 2020, 10:26:00 AM »
Quarterly Update:

July-18     $704,760.25 (+54,904)
Oct-18      $768,090.42 (+63,330)
Jan-19      $761,423.60 (-06,666)
April-19    $865,799.27 (+104,376)
July-19     $930,912.06 (+65,112)
Oct-19     $958,784.74 (+27,872)
Jan-20     $1,094,606 (+135,821)
April-20   $931,456 (-163,150 for the quarter)
July-20    $1,128,599 (+197,143 for the quarter AND for the year Ha!)

JGS

Roboturner

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Re: Race from $1M to $2M
« Reply #1210 on: July 02, 2020, 02:40:26 PM »
Spoiler: show

Q2 2016:
LNW: 528k
TNW: 720k

Q3 2016:
LNW: 652k
TNW: 845k

YE 2016:
LNW: 685k
TNW: 893k

Q1 2017:
LNW: 800k
TNW: 1001k

Q2 2017:
LNW: 845k
TNW: 1060k

Q3 2017:
LNW: 921k
TNW: 1142k

YE 2017:
LNW: 1,012k
TNW: 1,230k

Q1 2018:
LNW: 1.09 MM
TNW: 1.33 MM

Q2 2018:
LNW: 1.16 MM
TNW: 1.45 MM

Q3 2018:
LNW: 1.28 MM
TNW: 1.57 MM

YE 2018:
LNW: 1.14 MM
TNW: 1.43 MM

Q1 2019:
LNW: 1.41 MM
TNW: 1.71 MM

Q2 2019:
LNW: 1.60 MM
TNW: 1.78 MM

Q3 2019:
LNW: 1.64 MM
TNW: 1.82 MM

YE 2019:
LNW: 1.84 MM
TNW: 2.02 MM

Q1 2020:
LNW: 1.60 MM
TNW: 1.79 MM

Q2 2020:
LNW: 1.94 MM
TNW: 2.15 MM

For a brief, shining moment, we had eclipsed $2MM LNW, not to last. However we are close again, so should be soon-ish unless we dump like March again...

Zamboni

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Re: Race from $1M to $2M
« Reply #1211 on: July 03, 2020, 10:03:38 AM »
                      LNW           TNW
Nov 2019     $1.02MM     $1.18MM
Dec 2019     $1.02MM     $1.24MM
Jan 2020      $1.11MM     $1.27MM
Apr 2020      $1.01MM     $1.18MM     & happy to be alive!
July 2020     $1.06MM     $1.23MM     (+$50K)   

Zoot

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Re: Race from $1M to $2M
« Reply #1212 on: July 04, 2020, 02:24:49 PM »
Time for another update!  :)

HISTORY:
Month/YearLiquid AssetsTotal Net Worth
Jan-17
$604K
$883K
Jan-18$836K$1,095K
Jan-19$872K$1,158K

YTD:
Month/YearLiquid AssetsTotal Net Worth
Jan-20$1,122K$1,438K
Feb-20$1,041K$1,360K
Mar-20$   927K$1,235K
Apr-20$1,025K$1,338K
May-20$1,082K$1,392K
Jun-20$1,109K$1,423K

Quite the wild ride in 2020--but we're still plugging away.  I also post in the 2026 cohort thread, as that's the year I turn 59.5 and I've sworn not to work a day past the year I reach that oh-so-important milestone age, but I may not last that long, as I'm getting pretty burned out.  My spreadsheets indicate that we'll be at 25x expenses somewhere in late 2023 or early 2024, though, so we may decide to pull me away from employment earlier than our original date.  DH is 11 years younger and enjoys his work, and while we could live on his salary, we wouldn't be able to save as much as we are while I'm working--so every day I can hang on gets us closer to the day that we can BOTH hang up our hats.

It's funny that in my last post I estimated that we'd reach my mini-goal of $1M + paid off house in about August 2020, and that's still the date we're projecting--but that projected date has been all over the place in the past 6-9 months.  We thought we'd hit it in early 2020, and then February happened, and then March happened, and then everything ELSE happened, and then we refinanced, which threw the amortization tables off again, but if all goes well we should still pass that little milestone next month.

Onward!

zinnie

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Re: Race from $1M to $2M
« Reply #1213 on: July 09, 2020, 05:47:47 PM »
Net worth over time with some history added. I didn't track too well before 2011 but got lucky really with a house I bought in 2010 and sold in 2019 for almost double.

2009:~50k
2010:~150k
2011: 428k
2012: 493k
2013: 563k
2014: 676k
2015: 744k
2016: 896k
2017: ~1M
2018 1.39M
2019: 1.45M
2020: 1.66M

Current liquid 1.38M/ 1.625M
Current NW: 1.66M/ 2M

Iím getting so impatient!!!!!!!!