Author Topic: Race from 500k to 1M!  (Read 48868 times)

OurTown

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Re: Race from 500k to 1M!
« Reply #500 on: February 02, 2018, 06:39:24 AM »
5/1/15 = $284

10/1/15 = $339
11/1/15 = $357
12/1/15 = $365

1/1/16 = $374
2/1/16 = $373
3/1/16 = $379
4/1/16 = $391
5/1/16 = $398
6/1/16 = $406
7/1/16 = $415
8/1/16 = $426
9/1/16 = $424
10/1/16 = $427
11/1/16 = $428
12/1/16 = $438

1/1/17 = $461
2/1/17 = $471
3/1/17 = $482
4/1/17 = $479
5/1/17 = $492
6/1/17 = $500
7/1/17 = $508
8/1/17 = $518
9/1/17 = $523
10/1/17 = $543
11/1/17 = $550
12/1/17 = $558

1/1/18 = $580
2/1/18 = $593

G-Cool

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Re: Race from 500k to 1M!
« Reply #501 on: February 02, 2018, 10:53:38 AM »
I finally made it! So happy to join this prestigious club!

02/2018 : $502k Inv. / $627k NW

Thank you all for your inspiration :-)

Trifele

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Re: Race from 500k to 1M!
« Reply #502 on: February 03, 2018, 05:14:38 AM »
I finally made it! So happy to join this prestigious club!

02/2018 : $502k Inv. / $627k NW

Thank you all for your inspiration :-)

Welcome G-Cool!  Come on in, friend.

EDITED to add -- You squeaked in just before the market dip yesterday, haha.  Don't worry, you'll be in good company if your end-of-February number dips back below $500k . . .  We can all cry in our beer -- and then ride it out -- together.   
« Last Edit: February 03, 2018, 05:22:00 AM by Trifele »

asauer

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Re: Race from 500k to 1M!
« Reply #503 on: February 05, 2018, 06:44:53 AM »
Aug 1 2017: 519, 045.81
Sept. 2017: 526, 110.79
Oct  2017:531,034.52
Nov 2017: 548,730
Dec 2017: 564,953
Jan 2018: 585,693
Feb 2018: 613,810

Nice increase even with the sight market correction last week! 

YoungGranny

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Re: Race from 500k to 1M!
« Reply #504 on: February 05, 2018, 09:55:01 AM »

Dec. 2017: $502k
Jan. 2, 2018: $513.7k


Feb. 5, 2018: $539.9k

Market increases + annual 401k bonus + high savings rate = magic :)

willfire

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Re: Race from 500k to 1M!
« Reply #505 on: February 05, 2018, 01:35:17 PM »
That's some nice progress, Willfire. Welcome aboard!

thanks, Trifele.

Really thrilled by the progress but little scared at the same time.  can't stop thinking when will be a correction, although theoretically it's a good buying opportunity.

1 mil. still seems so far away...

Yeah, there will be a correction, but we just need to ride it out . . . When it happens, it's not theoretically a good opportunity; it IS a good opportunity. :)

I think I might have jinxed myself...

formerlydivorcedmom

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Re: Race from 500k to 1M!
« Reply #506 on: February 05, 2018, 02:13:56 PM »
These numbers are as of Saturday.... I was really excited to see that our liquid net worth went up by exactly $100k in 2017, although our savings rate was not as good as it normally is. 

I don't expect the numbers to remain so pretty (and we "lost" value of about $10k on Friday). However, on Friday I upped my 401k contribution to max it out for 2018, so we'll be in a good position to take advantage of any correction.

                   Invested/Overall NW
End of 2012: 170k / 200k  *(re)married
End of 2013: 295k / 342k
End of 2014: 338k / 388k
End of 2015: 366k / 428k *June - husband quit work to go back to college full-time
End of 2016: 432k / 545k
End of 2017: 532k / 664k [+83k college funds] * Sep - husband started working part-time; still going to college

end of Jan 2018:  553k / 686k  [+85k college funds]
Boldly leading a blended family into (future) financial independence

talltexan

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Re: Race from 500k to 1M!
« Reply #507 on: February 07, 2018, 06:50:32 AM »
I graduated to the "race to $2,000,000" thread last year, but I'm nervous about a bear market. Please be nice to me, guys, when I come crawling back...

Rebalancing today, currently I have almost no bonds.

salt cured

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Re: Race from 500k to 1M!
« Reply #508 on: February 07, 2018, 08:53:32 AM »
I graduated to the "race to $2,000,000" thread last year, but I'm nervous about a bear market. Please be nice to me, guys, when I come crawling back...

Rebalancing today, currently I have almost no bonds.

What are you buying, if you don't mind me asking? We have about 10% of our stash in a mix of cash, TIPS, and intermediate government bonds, but I don't have a good rationale for this mix. I've had a lot of trouble finding guidance on fixed income.

talltexan

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Re: Race from 500k to 1M!
« Reply #509 on: February 08, 2018, 07:50:29 AM »
For bonds, I have a Roth in which I just buy something like "bond fund for America". I sold the stake in November because it felt like it was slowing me down (I'm currently 37 and thought I could handle the risk). Within my 401K there's just a generic bond fund. Intermediate or short term bonds should be fine for your needs.

skip207

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Re: Race from 500k to 1M!
« Reply #510 on: February 10, 2018, 04:38:02 AM »
So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

Trifele

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Re: Race from 500k to 1M!
« Reply #511 on: February 10, 2018, 05:16:36 AM »
So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

Totally up to you, Skip, but I think I'd just stay here.  There'll be quite a few people in this boat.  I say let's just put on a pot of coffee and hang out.  You'll get back to the 500k mark. 

JustGettingStarted1980

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Re: Race from 500k to 1M!
« Reply #512 on: February 10, 2018, 09:38:05 AM »
I graduated to the "race to $2,000,000" thread last year, but I'm nervous about a bear market. Please be nice to me, guys, when I come crawling back...

Rebalancing today, currently I have almost no bonds.

What are you buying, if you don't mind me asking? We have about 10% of our stash in a mix of cash, TIPS, and intermediate government bonds, but I don't have a good rationale for this mix. I've had a lot of trouble finding guidance on fixed income.

This is a Bogleheads Forum question. They'll give you the best input, IMHO, in regards to this.  Your question has likely been answered (and discussed and debated and debated some more) dozens of times on that forum. Just use the search function.

www.bogleheads.org

All the best,

JGS

FWIW, I'm also 90% Equities, 10% Bonds. My Bonds are in US Treasuries (30 year -yields about 3%) as per the Cash Balance plan at my workplace, and that's enough for me.
"If you can keep your head when all about you
 Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
 But make allowance for their doubting too.....

If you can dream—and not make dreams your master;
 If you can think—and not make thoughts your aim;
If you can meet with Triumph and Disaster,
 And treat those two impostors just the same"

rebel_quietude

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Re: Race from 500k to 1M!
« Reply #513 on: February 11, 2018, 03:39:34 AM »
So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

Totally up to you, Skip, but I think I'd just stay here.  There'll be quite a few people in this boat.  I say let's just put on a pot of coffee and hang out.  You'll get back to the 500k mark.

Well, it was nice while it lasted . . .

In the meantime, sending a virtual hug to all those whose nets just dropped ~50k. *sigh*

JustGettingStarted1980

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Re: Race from 500k to 1M!
« Reply #514 on: February 11, 2018, 10:43:48 AM »
So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

Totally up to you, Skip, but I think I'd just stay here.  There'll be quite a few people in this boat.  I say let's just put on a pot of coffee and hang out.  You'll get back to the 500k mark.

Well, it was nice while it lasted . . .

In the meantime, sending a virtual hug to all those whose nets just dropped ~50k. *sigh*

 This is why I update every three months instead of monthly.  Less noise in the NW trends.  This is also why I make a point of counting total number of shares I have at the end of every year.
"If you can keep your head when all about you
 Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
 But make allowance for their doubting too.....

If you can dream—and not make dreams your master;
 If you can think—and not make thoughts your aim;
If you can meet with Triumph and Disaster,
 And treat those two impostors just the same"

BeanCounter

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Re: Race from 500k to 1M!
« Reply #515 on: February 11, 2018, 11:21:39 AM »
So... whats the done thing if your NW drops back below 500k?  Rejoin the 250-500k thread?

Just updated after all the market wobbles and now @ 490... might be lower by the end of the month!

Totally up to you, Skip, but I think I'd just stay here.  There'll be quite a few people in this boat.  I say let's just put on a pot of coffee and hang out.  You'll get back to the 500k mark.

Well, it was nice while it lasted . . .

In the meantime, sending a virtual hug to all those whose nets just dropped ~50k. *sigh*

sigh. I am no longer a millionaire. Bummer.

Chairman

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Re: Race from 500k to 1M!
« Reply #516 on: February 16, 2018, 12:49:58 PM »
Joining the club.

...

Not sure when/if I'll get to 1m; may semi-FIRE before then.
...

If the market were to stay flat, would probably hit 1m investible around 6 months from now.
Quarterly update, November 2017:

....

Not declaring victory yet though until I have 1m investible and no debt to the bank.
Quarterly update, February 2018:

  • Q1 2018: 1,075k liquid + 409k home equity: total 1,484k (debt: 141k)
  • Q4 2017: 1,005k liquid + 332k home equity: total 1,337k (debt: 189k)
  • Q3 2017: 894k liquid + 313k home equity: total 1,207k (debt: approx 193k)
  • Q2 2017: 720k liquid + 250k home equity: total 970k (debt: approx 228k)

I am not entirely sure of the dates and numbers, but this is vaguely correct... Net worth is clearly north of $1m now, and we even have more than $1m invested/investible, but still not debt free: another $66k and we'd have enough to pay off our debts and still have $1m invested/investible, so getting pretty close now.
« Last Edit: February 16, 2018, 12:52:03 PM by Chairman »

asosharp

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Re: Race from 500k to 1M!
« Reply #517 on: February 18, 2018, 08:48:33 PM »
I'm at $797,202. Still up from last month, which is great considering that I bought my share parcels just before the recent downturn.

Also I have cryptocurrency and as you all know the value of crypto went down quite a bit. I'm down on one of the coins, but I'm still heaps up on one of the other ones I bought.

The property market is at a low where I am at the moment, and I'm considering purchasing a house some time later this year or maybe next year. But we'll see. I actually read an article last week or so about a 35 year old retiring due to Mustachian concepts and instead what he does now is to travel the world. I have this kind of work vs travel thing in my head going so we'll see which one wins out in the end!

talltexan

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Re: Race from 500k to 1M!
« Reply #518 on: February 19, 2018, 01:37:44 PM »
I, too, have dabbled in the crypto, my stake is about $270 at this moment's prices.

mynewchoice

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Re: Race from 500k to 1M!
« Reply #519 on: February 20, 2018, 02:24:16 PM »
I've been involved with crypto as well, however am not currently counting it in my FIRE assets.  I'm viewing it as a fun hobby that may expedite my FIRE date, but I am not putting any money into it that I wouldn't put into some other hobby / interest.

talltexan

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Re: Race from 500k to 1M!
« Reply #520 on: Today at 12:04:24 PM »
When my crypto becomes worth $1,000,000, I will start a separate topic called "Race to $1 million in crypto assets" and boast about how smart I was there.