Author Topic: Race from $2M to $3M.....and beyond!  (Read 64784 times)

Car Jack

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Re: Race from $2M to $3M.....and beyond!
« Reply #500 on: October 26, 2018, 08:58:10 AM »
Ah.....   I updated my investments spread sheet today, just for fun.  Equities had been getting higher as a % before this latest slide.  I'm almost back to exactly 50/50, where my target is.  The silver lining, I guess is that I don't have to rebalance.  It's done for me.

Bateaux

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Re: Race from $2M to $3M.....and beyond!
« Reply #501 on: October 26, 2018, 09:11:59 AM »
So this thread has gone quiet as most of us have probably been kicked out of the club.. Temporarily..:)

As of today Mint says 1.925  Looking at the current market could be going lower.  Got three houses, two paid off.  I not completely a poser. 

Bateaux

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Re: Race from $2M to $3M.....and beyond!
« Reply #502 on: October 26, 2018, 09:19:45 AM »
I really hope this is the start of the looming recession.   It's inevitable so I  personally want it now.  I've decided to extend to 2020 for FIRE and the recovery could be timed right for me.  Who knows.   Still buying,  we'll probably toss in another 150K or more of new money by 2020.  Medicare for all would make me consider going earlier.  If not I still have my Cadillac plan as long as I work.  With the Cadi I don't qualify for a HSA.  Guess the Roth can supplant that somewhat. 

Keep posting guys.  I enjoy your company.

Exflyboy

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Re: Race from $2M to $3M.....and beyond!
« Reply #503 on: October 26, 2018, 10:51:41 AM »
I really hope this is the start of the looming recession.   It's inevitable so I  personally want it now.  I've decided to extend to 2020 for FIRE and the recovery could be timed right for me.  Who knows.   Still buying,  we'll probably toss in another 150K or more of new money by 2020.  Medicare for all would make me consider going earlier.  If not I still have my Cadillac plan as long as I work.  With the Cadi I don't qualify for a HSA.  Guess the Roth can supplant that somewhat. 

Keep posting guys.  I enjoy your company.

I don't think the recession is on the horizon yet.

If I count my "funny money" aka pension I'm still well in the club.. But if we get to a 25%+ pullback I maybe out.. I'll be rolling more into stocks from my bond funds at that point though.

Dicey

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Re: Race from $2M to $3M.....and beyond!
« Reply #504 on: October 26, 2018, 03:08:20 PM »
So this thread has gone quiet as most of us have probably been kicked out of the club.. Temporarily..:)
Or we're just busy doing other things besides checking our account balances.

2Birds1Stone

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Re: Race from $2M to $3M.....and beyond!
« Reply #505 on: October 26, 2018, 06:05:18 PM »
Y'all get no sympathy from us peons =P

MaybeBabyMustache

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Re: Race from $2M to $3M.....and beyond!
« Reply #506 on: October 26, 2018, 08:58:11 PM »
Still there, but only with our property value included

itchyfeet

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Re: Race from $2M to $3M.....and beyond!
« Reply #507 on: October 26, 2018, 11:20:09 PM »
Still here too, as a high % of my NE is property.

But with Sydney property values sliding, the AUD falling against the USD, and now my stock portfolio having palpitations, no matter how much I can save of my salary I am still slipping backwards.

@Bateaux, we’re not joining you in OMY yet, and it remains unlikely, but the topic has been floated over the dinner table.

We have a bit of a tax issue, driving us to fIRE this coming June. That, and I have had enough of working.

In Australia, if you are an expat you can rent out your home in Australia for upto 6 years (6 year rule)and if you return within that time frame your home can retain CGT exempt status. 6 years will hit us in early 2020. As our home has appreciated in value a lot over the past 5 years, and as we intend to sell in the next 5 years the CGT exemption is worth quite a lot to us, maybe $80-100K. We’d have to work many extra months to offset that tax if we don’t get back to Oz within 6years.

Tax laws have changed whilst we have been abroad, and we have a window to sell before 30 June this year and not pay any CGT. Out tenants lease expires in March, so one option for us is to sell between March and June, and then we could keep working OS for a year or 2 longer, but then we wouldn’t have a home in Sydney to return to. As we had lived in Sydney our whole lives before heading OS for work, closing the door on Sydney right now feels very final and something we are not super comfortable with. Ideally we will return artiste to Sydney and then from our Sydney base start exploring where our long term Post FIRE home will be. We have no real idea today.

But like you, the security of a little more in the kitty would sure be nice.

Bateaux

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Re: Race from $2M to $3M.....and beyond!
« Reply #508 on: October 27, 2018, 10:27:02 AM »
Itchy good luck with it all and I'm personally cheering for you to get to FIRE as early as possible.   Don't OMY unless you have to.   
I got out on my bicycle yesterday and rode around Baton Rouge, Louisiana.   I normally ride in New Orleans.   I live between the two cities.  It is amazing the difference between the two.   New Orleans, the Big Easy is so laid back and almost stress free.  Automobile drivers see you on a bike and happily yield to you giving you a safe distance.  Baton Rouge is a stressed out city.  Everyone is in a hurry to be at work and in a hurry to be home.  In a hurry to get wherever it is they are going.  I have to be extra careful and cautious when there on my bicycle.   Baton Rouge has the potential to be a wonderful place if it would just slow down, park the car and encourage walking or biking.  OMY syndrome is living Baton Rouge style and FIRE is New Orleans style.   New Orleans culture is what I was raised on.  So I'm ready to FIRE.  November the 6th is a huge day here in the US.  Depending upon how Americans vote will say a lot about when I FIRE.  The main issue is with affordable health care.
Good luck.
« Last Edit: October 27, 2018, 10:29:31 AM by Bateaux »

onlykelsey

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Re: Race from $2M to $3M.....and beyond!
« Reply #509 on: October 28, 2018, 06:24:06 AM »
Still nowhere near there (I was at about 780K earlier this fall, including equity, and now at 706K) but I'm trying to think of this as good timing for me since I'm still accumulating.

@Bateaux , that's so interesting.  What are the big employers in Baton Rouge?  Is that where the difference in culture comes from?

Bateaux

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Re: Race from $2M to $3M.....and beyond!
« Reply #510 on: October 28, 2018, 09:53:07 PM »
Still nowhere near there (I was at about 780K earlier this fall, including equity, and now at 706K) but I'm trying to think of this as good timing for me since I'm still accumulating.

@Bateaux , that's so interesting.  What are the big employers in Baton Rouge?  Is that where the difference in culture comes from?

Baton Rouge is largely a blue collar town.  Lot's of oil refineries and chemical plants.  It's also the capital city so there are government jobs as well.  New Orleans is mainly a tourist destination.   Not much manufacturing in NOLA these days. 

Exflyboy

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Re: Race from $2M to $3M.....and beyond!
« Reply #511 on: October 29, 2018, 08:55:38 AM »
Aww crap.. why is it the juicy pullbacks happen when I'm on vacation? I really don't like delving into my online accounts from unknown WIFI connections... Two days before we leave Europe and the market is on its way back up.

So much for that re-balance!

Hopefully it will take another dive later this week.

JoJoP

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Re: Race from $2M to $3M.....and beyond!
« Reply #512 on: October 29, 2018, 07:28:16 PM »
So this thread has gone quiet as most of us have probably been kicked out of the club.. Temporarily..:)

Nah, we're just waiting for you to get home from your trip and liven things up again. 


wannabe-stache

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Re: Race from $2M to $3M.....and beyond!
« Reply #513 on: October 29, 2018, 07:40:15 PM »
Aww crap.. why is it the juicy pullbacks happen when I'm on vacation? I really don't like delving into my online accounts from unknown WIFI connections... Two days before we leave Europe and the market is on its way back up.

So much for that re-balance!

Hopefully it will take another dive later this week.
U spoke a bit too soon.

Exflyboy

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Re: Race from $2M to $3M.....and beyond!
« Reply #514 on: October 30, 2018, 04:03:21 AM »
I did speak too soon.. But as I will be back on Thursday I expect the market to be fully recovered by then...:)

MaybeBabyMustache

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Re: Race from $2M to $3M.....and beyond!
« Reply #515 on: October 30, 2018, 07:36:00 AM »
Our 401Ks are down six figures, so that hurts, but we won't be making any changes there. I was sitting on an enormous pile of cash while we decided next steps on investing, so that was serendipitous. We also have a ton tied up in publicly traded company stock options, so we are down about $300K month on month. There have been some minor (compared to the stock) housing adjustments as well in there.

Dicey

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Re: Race from $2M to $3M.....and beyond!
« Reply #516 on: October 30, 2018, 10:30:16 AM »
Ouch! I just checked one of our accounts and it's dipped below $1M. It's not our only one, but it's the easiest one to look up and has the best graphics. I tend to be an accumulator, and when the market does these dips, I like to throw our extra cash in. It's market timing, but only in a little tiny way, it's not our whole financial plan, lol. It's killing me not to do this right now, but we're in the middle of a flip and I don't want to end up short of cash at the end of the project. MPP for sure.

itchyfeet

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Re: Race from $2M to $3M.....and beyond!
« Reply #517 on: October 30, 2018, 11:43:32 AM »
sign me up for the “Yikes! I lost over $100K in October Club” too.

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Re: Race from $2M to $3M.....and beyond!
« Reply #518 on: November 01, 2018, 02:12:50 PM »
I was down about 300k as well but the last 3 days are bring it back some so a little of the sting gone. Its gonna do what its gonna do. I had some cash I was just gonna put in the other day and it bounced so I will wait.

Exflyboy

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Re: Race from $2M to $3M.....and beyond!
« Reply #519 on: November 01, 2018, 06:56:14 PM »
So I get back home today and of course the market is one its way back up.. No rebalance for me (probably)...:)

PhrugalPhan

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Re: Race from $2M to $3M.....and beyond!
« Reply #520 on: November 02, 2018, 09:04:16 AM »
So this thread has gone quiet as most of us have probably been kicked out of the club.. Temporarily..:)
Probably true in my case but I just don't check so I don't feel bad. I'm going on vacation starting tomorrow so that will keep me distracted for now.

EscapeVelocity2020

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Re: Race from $2M to $3M.....and beyond!
« Reply #521 on: November 02, 2018, 11:13:12 AM »
Indeed, I don't check my NW very often since crossing the 2MM threshold.  I have more than enough in NW and I'm still earning and stashing pretty handily.  If I happen to slip out of the club due to a market correction or collapse, I'll still be putting money in and eventually return to 2 or more million.  It was much harder in my 20's (earning 40k vs. high federal and state tax) vs. now...

I spend more time these days gaming my airline and hotel status for freebies :)

Exflyboy

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Re: Race from $2M to $3M.....and beyond!
« Reply #522 on: November 02, 2018, 11:43:14 AM »
Indeed, I don't check my NW very often since crossing the 2MM threshold.  I have more than enough in NW and I'm still earning and stashing pretty handily.  If I happen to slip out of the club due to a market correction or collapse, I'll still be putting money in and eventually return to 2 or more million.  It was much harder in my 20's (earning 40k vs. high federal and state tax) vs. now...

I spend more time these days gaming my airline and hotel status for freebies :)

This "almost" makes me want to go back to work.. almost..:)

Exflyboy

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Re: Race from $2M to $3M.....and beyond!
« Reply #523 on: November 02, 2018, 01:32:19 PM »
I just did a rebalance of the portfolio and was pleasantly surprised our liquid investments are only about $50k below membership level.

Pensions and paid off house puts us firmly back in of course.

Not too bad at all. If this is the start to an ugly bear market I will gradually increase my stock allocation on the way down, because.. well why not?

Bateaux

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Re: Race from $2M to $3M.....and beyond!
« Reply #524 on: November 11, 2018, 06:41:05 PM »
Still about 35K below club level in investment assets.   We've recovered from the worst but, still about 80K or so down from the peak.  We'd be in go get a job territory if we didn't already have jobs. 

Exflyboy

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Re: Race from $2M to $3M.....and beyond!
« Reply #525 on: November 12, 2018, 10:39:15 AM »
Still about 35K below club level in investment assets.   We've recovered from the worst but, still about 80K or so down from the peak.  We'd be in go get a job territory if we didn't already have jobs.

Yo're probably further "out" today.. Mind you you can accumulate some more on the way down, I might have to start drawing a pension at this rate..:)