Hello All.
Not sure if I should post this here or in Investing sub...
As some of you may know, last year I set out on a 1000 day journey to FIRE. I laid out a plan for saving, investing, and reducing spending, that would allow me to achieve my FI number by June 2017. I'm about 1/3 of the way into the trip (316 days).
On the saving front, I've been doing fairly well. I maxed my tax-advantaged accounts (401k, etc) by the end of April and have been saving and investing in Taxable accounts with a mix of Treasury Inflation Protected bonds and low cost index funds since then. My savings rate for the year is 58% of Net Income.
My plan for achieving FIRE also depends on getting some dang GROWTH!!! This past quarter has been very frustrating as nothing seems to be moving ANYWHERE. If we had some lows, I would have at least a chance to buy on the cheap....(I know, I know...market timing is a nono...)
My allocations are:
Current Value 2015 End of Year Goal for Allocation
US Stock 75.1% 60.0%
FX Stock 9.6% 10.0%
Bond 7.0% 20.0%
Cash 8.3% 10.0%
I plan to increase the Bond and FX Stock % by continuing to buy each month, as opposed to selling any stock. (I currently save about $2-3k per month after taxes).
Anyways, despite my fairly good savings %, Im starting to slip and fall behind plan (in terms of total net worth) because the investment growth % assumption I used when planning is much less than the actual growth of the market this year. I'm starting to feel a little worried, and I'm wondering whether I need to take some drastic action or if I should just take a chill pill...
Are any of you feeling the same way, and what are your thoughts on this market situation??