Author Topic: Race from $1M to $2M  (Read 435854 times)

TempusFugit

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Re: Race from $1M to $2M
« Reply #1150 on: April 04, 2020, 12:28:35 PM »
                 LNW    /  TNW
EOY 2018 - 877K   / 1.02M
EOY 2019 - 1.12M  / 1.275M
EQ1 2020 - 956K / 1.11M     

Really not too bad all things considered.  I've been able to confirm that I'm basically content with my AA, which is pretty conservative at 72/25/3 (Stocks/Bonds/Cash) at the start of the year.   I'll re-balance if things get way out of whack in the next couple of months but probably not anything dramatic. 

Hang tight everyone.  I think it's going to get worse when it becomes clearer just how f'ed our economy is.  The longer it goes on, the harder it will be to just turn everything back on.  Too many people will have exhausted their savings and incurred more debt just to get by for a few months.  It really does demonstrate how important is it to have an emergency fund and also how uncommon it is to actually have one. 

Those of us who have a solid base cushion should be doing what we can to help the people who don't.  If, like me, you are still gainfully employed with a nice safety cushion to fall back on (and if you're in this thread, you do), you should be generous with your money right now.  That can be in the form of donations to local charities or in the form of very generous tips when you pick up dinner from the struggling local restaurant.  If you get a check from the government consider donating it back to people who need it more than you do.







zinnie

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Re: Race from $1M to $2M
« Reply #1151 on: April 08, 2020, 05:11:06 PM »
Joining this race now! Been reading MMM since the beginning and started seriously saving 2012ish. Adjusted my FIRE number after taking a year off work and trying it out! Now Iím back in the game with a slightly lower salary and a higher COL but still a good savings rate. So here is my plan:

Current liquid: $1.18M
Current NW: $1.45M

Goal liquid:~1.6M
Goal NW: ~2M

Iíd like to be done Aug 2021. Iíll walk if the numbers are even close.

It's been a good month! Update:

Liquid: $1.24M
Net Worth: $1.51M

it felt good to pass the 1.5 mark :)

And the good times continue. Now Mint says Iíll hit my number in April 2021.
Liquid: $1.33M
Net Worth: $1.60M

Didnít want to look but did. Ouch! Thatís just shy of 200k down.

Liquid 1.15
Total: 1.43

And @TempusFugit I couldnít agree more with your last paragraph!

Freedomin5

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Re: Race from $1M to $2M
« Reply #1152 on: April 10, 2020, 06:25:06 AM »
Nov 2019: 1.001M
Dec 2019: 1.013M
Mar 2020: 0.969M

Didnít want to look at the numbers. Interestingly, as of today we are back over 1M.

Watchmaker

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Re: Race from $1M to $2M
« Reply #1153 on: April 13, 2020, 09:47:40 AM »
I may drop out of this group today, depending on the market. If not today, it's looking fairly likely that it will happen at some point. This is by far my biggest correction in terms of actual dollars. The good news is that I feel like I'm handling it well. No urge to sell anything off, no panic or particular worry. My main frustration is not having more more available to invest at these better prices.

I did drop out but have since made it back in. At 1.04 MM right now, having crossed 1 MM for the fifth time. We'll see if it sticks this time.

Blissful Biker

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Re: Race from $1M to $2M
« Reply #1154 on: April 13, 2020, 11:03:23 AM »
(CDN$)        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

Did some rebalancing to keep the asset allocation constant and picked up equities on sale.  This too shall pass.

CanuckExpat

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Re: Race from $1M to $2M
« Reply #1155 on: April 24, 2020, 10:50:18 PM »
Hit ~$1.0M  in 05/2016 when we sold our house
At  $1.17M in 10/2016 we quit our jobs
At $1.18 at end of 2016

Might be a slow race to two million with no jobs, but hope to join you, doing it while sitting around drinking and hoping the markets do their magic. Slow and steady...

At $1.36M  at end of 2017
NW increase of almost $180k without jobs. I'll take that for markets doing their magic


At $1.24M at end of 2018
Not really a forward race at this point, but I guess it's still better than working :)

Was ~1.45M at end of  2019
~1.14M at some point in April
Probably a bit more by now

Still not working, was a good chance to rebalance.

Zamboni

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Re: Race from $1M to $2M
« Reply #1156 on: April 25, 2020, 07:07:11 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!

talltexan

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Re: Race from $1M to $2M
« Reply #1157 on: April 29, 2020, 09:15:39 AM »
We're awaiting word on what will happen with my wife's job (she is exposed to aero-space/engine decline in demand).

winkleweizen

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Re: Race from $1M to $2M
« Reply #1158 on: April 30, 2020, 07:14:31 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

brooklynmoney

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Re: Race from $1M to $2M
« Reply #1159 on: April 30, 2020, 08:31:32 PM »
I havenít been able to make myself look at my main taxable account. Iíve rebalanced my 401k and bought some more in other accounts but I havenít logged into personal capital since February probably to see the full carnage. Just gonna keep auto investing and live in ignorance.

goat_music_generator

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Re: Race from $1M to $2M
« Reply #1160 on: May 06, 2020, 06:05:05 PM »
02/20/2020   $2.003M

I'm moving on to the next tier of the race.  See you all there soon!

It may be a bit premature to leave us just yet.  Personally I don't consider myself as part of the next group until my balances stay above the threshold for at least a couple months, or reach maybe 5% above the threshold.

I'm just sayin'...it's better to be a little conservative than to come back here tomorrow with your tail between your legs.  :D

I don't plan on coming back for minor swings in the market...

Oh jeez. I saw this post, and saw the date, and physically cringed.

Hope everyone's doing ok out there. We're just about still over the $1M mark (somewhat to my surprise).

Debatable whether I should join this thread since our goal is $1.8M and we don't particularly intend to ever get to $2M, but I'll follow anyway.

Herbert Derp

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Re: Race from $1M to $2M
« Reply #1161 on: May 09, 2020, 07:40:04 PM »
02/20/2020   $2.003M

I'm moving on to the next tier of the race.  See you all there soon!

Oh jeez. I saw this post, and saw the date, and physically cringed.

Hope everyone's doing ok out there. We're just about still over the $1M mark (somewhat to my surprise).

Debatable whether I should join this thread since our goal is $1.8M and we don't particularly intend to ever get to $2M, but I'll follow anyway.

I hit $2MM at the same time, and am now up by $150K since then. I was expecting much worse, somehow the virus seems to have spared me so far.

talltexan

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Re: Race from $1M to $2M
« Reply #1162 on: May 12, 2020, 07:40:24 PM »
In the process of buying/selling houses, Mint.com has dropped our home equity (this was intentional). So the number I'm suddenly seeing in there has me rewound by a year's progress.

But it suddenly feels easy to save when there's no opportunity to buy anything.

Bateaux

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Re: Race from $1M to $2M
« Reply #1163 on: May 20, 2020, 01:24:13 PM »
Kinda dull in here.  Last post on the 12th.  You are freakin millionaires and should be partying like it's 1999. 

goat_music_generator

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Re: Race from $1M to $2M
« Reply #1164 on: May 20, 2020, 02:18:38 PM »
Kinda dull in here.  Last post on the 12th.  You are freakin millionaires and should be partying like it's 1999. 

Ha. I laughed out loud when I saw this post. Good reminder!

Buffaloski Boris

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Re: Race from $1M to $2M
« Reply #1165 on: May 20, 2020, 02:30:16 PM »
Kinda dull in here.  Last post on the 12th.  You are freakin millionaires and should be partying like it's 1999.

Iím game. You bringiní the jambalaya? Iíll pick up the beer.

Bateaux

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Re: Race from $1M to $2M
« Reply #1166 on: May 20, 2020, 03:02:32 PM »
Kinda dull in here.  Last post on the 12th.  You are freakin millionaires and should be partying like it's 1999.

Iím game. You bringiní the jambalaya? Iíll pick up the beer.

Hell to the yeah!  My parish is the Jambalaya Capitol of the world!

Buffaloski Boris

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Re: Race from $1M to $2M
« Reply #1167 on: May 20, 2020, 03:15:56 PM »
Kinda dull in here.  Last post on the 12th.  You are freakin millionaires and should be partying like it's 1999.

Iím game. You bringiní the jambalaya? Iíll pick up the beer.

Hell to the yeah!  My parish is the Jambalaya Capitol of the world!

Jambalaya, Red beans and rice, boiled peanuts, and fried oyster poí boys are musts when I get to lower Alabama. I gotta get to Louisiana some day.

CanuckExpat

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Re: Race from $1M to $2M
« Reply #1168 on: May 21, 2020, 09:20:17 AM »
You are freakin millionaires and should be partying like it's 1999.

Wait.. how would being an awkward teenager help things?

Watchmaker

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Re: Race from $1M to $2M
« Reply #1169 on: May 21, 2020, 09:39:06 AM »
Jun-05      -0.02 MM
Aug-13    0.15 MM
Sep-16    0.50 MM
Jul-19    1.02 MM
Nov-19    1.08 MM
Apr-20    1.04 MM
May-20    1.13 MM

It's really amazing to think how much progress we've made in the last 7 years. 2013 doesn't feel that long ago, but back then I couldn't even imagine what getting to this point would feel like.

thedigitalone

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Re: Race from $1M to $2M
« Reply #1170 on: May 27, 2020, 11:20:44 AM »
We joined the double comma club in Feb 2018, TNW ($1.002M and .631M liquid).

LNW has been over/under as the market cycles this year, we hit $1M for the first time in January. It will be interesting to see where it goes as the year progresses, but I think we're officially in the $1-2M race.

                LNW         TNW
Dec-19    $0.96M     $1.43M
Jan-20    $1.00M     $1.47M
Feb-20    $1.04M     $1.53M
Mar-20    $1.05M     $1.55M
Apr-20    $0.98M     $1.48M
May-20    $1.08M     $1.58M
Jun-20     $1.18M     $1.62M (So far, I run our full numbers on the 1st of each month)

brooklynmoney

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Re: Race from $1M to $2M
« Reply #1171 on: May 27, 2020, 09:11:11 PM »
I finally opened personal capital today for the first time since like Feb. I guess Iím down about $150K. Could be worse. It was a lot worse Iím sure probably down about $250 or more at one point. In reality it doesnít make a difference as Iím still working

zinnie

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Re: Race from $1M to $2M
« Reply #1172 on: May 29, 2020, 07:49:28 AM »
I finally opened personal capital today for the first time since like Feb. I guess Iím down about $150K. Could be worse. It was a lot worse Iím sure probably down about $250 or more at one point. In reality it doesnít make a difference as Iím still working

Good job waiting it out! I'm impressed you didn't even look during the worst of it.

Things feel much better this week, but who knows what the future holds. I'm disappointed that our investments keep going through on days when the market is way up! I missed all of the lower points in the last few months.

Also: I really need to update my signature now :(

zinnie

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Re: Race from $1M to $2M
« Reply #1173 on: May 29, 2020, 07:50:25 AM »
Kinda dull in here.  Last post on the 12th.  You are freakin millionaires and should be partying like it's 1999. 

Ha. I laughed out loud when I saw this post. Good reminder!

+2

marty998

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Re: Race from $1M to $2M
« Reply #1174 on: May 29, 2020, 05:08:54 PM »
Ooof. I'm just catching up on this thread.

Seems like the party ended around mid February! Haven't you guys been enjoying the rebound now?

In the last three months I closed on a new property ($940,000 purchase price). Sold my share portfolio in January to pay the deposit for it. (Sold $462k, but only needed $380k for the deposit and stamp duty costs). Took out a loan for $600k and fixed at 2.59% interest.

In the interim, bought $25k of shares and sold for $28.5k, and made $1500 interest on a P2P lending platform. Probably shouldn't have sold that little parcel of shares.

Have subsequently bought back $100k of shares, basically market timed our index (sold at $88 in Jan, bought back in part at $70). I'm happy with that, and going to invest excess cash now in more shares, as long as it's under $88 I'm coming out well in front (still at $73 today).

My NW is still up for the year. I've gone from $1.32m to just over $1.40m.

On we go towards $2m

CanuckExpat

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Re: Race from $1M to $2M
« Reply #1175 on: May 30, 2020, 12:54:34 PM »
Seems like the party ended around mid February! Haven't you guys been enjoying the rebound now?

I try not to do checks / updates more often than quarterly.
I already rebalanced once this year, probably wouldn't rebalance a second time, so checking more often wouldn't be actionable.

winkleweizen

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Re: Race from $1M to $2M
« Reply #1176 on: May 30, 2020, 10:30:08 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.

Arbitrage

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Re: Race from $1M to $2M
« Reply #1177 on: June 01, 2020, 07:44:38 PM »
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
5/20/20: $950k / 1.428M
6/1/20: $1.009M / 1.493M

brooklynmoney

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Re: Race from $1M to $2M
« Reply #1178 on: June 04, 2020, 08:42:47 PM »
I hope everyone is celebrating our good market fortunes again. Letís enjoy it while this fed rally lasts!!

FireLane

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Re: Race from $1M to $2M
« Reply #1179 on: June 07, 2020, 06:58:09 PM »
My net worth rose over $400,000 in 2019 from the crazy bull market year. As of this week, I'm at $1.61M LNW, $1.88M TNW. The big $2M is in sight!

Well, that was a fast dip and an even faster rebound! As of Friday, I've hit a new all-time high:

June 2020: $1.68 LNW / $1.94 TNW

It may be too good to last, but I'll enjoy it while it does.

Eurotexan

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Re: Race from $1M to $2M
« Reply #1180 on: June 08, 2020, 03:50:40 PM »
Yay! I can join this club! I hit $1,000,990 on Friday thanks to the huge rally. Split between $550K in investments (retirement, MM and cash) and $450 in equity in a paid off house. What an amazing feeling! Now looking forward on the race to $2M although I plan on FIRE when my liquidity hits $800K.

Out of interest I joined MMM back in 2014 with a net worth of $240K. I have been pretty frugal since then but have valued my vacations and put some money into the house so it's been nice to hit my goal but while enjoying the ride along the way.

zinnie

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Re: Race from $1M to $2M
« Reply #1181 on: June 09, 2020, 06:19:34 AM »
Welcome, @Eurotexan! That's awesome progress from 2014 to present. I bet it feels good to have a paid off house. I don't know if we'll ever go that route but the prospect of not having to pay a mortgage ever again does sound pretty tempting.

Eurotexan

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Re: Race from $1M to $2M
« Reply #1182 on: June 09, 2020, 06:25:58 AM »
Thanks @zinnie! I was on the fence with the mortgage about whether to pay it off or invest and in the end I invested my extra cash and paid it off at once rather than a little extra principle each month. From reading the forums here I decided that was the best route for me. I really did it for the peace of mind and to reduce my required income in FIRE for ACH reasons.

Roboturner

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Re: Race from $1M to $2M
« Reply #1183 on: June 09, 2020, 07:30:29 AM »
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


LNW: 2.02 MM
TNW: 2.21 MM

Whoop, we did it!

JGS1980

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Re: Race from $1M to $2M
« Reply #1184 on: June 09, 2020, 09:55:19 AM »
at only 31 years of age, no less!

Congratulations Roboturner!

Buffaloski Boris

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Re: Race from $1M to $2M
« Reply #1185 on: June 09, 2020, 06:37:36 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


LNW: 2.02 MM
TNW: 2.21 MM

Whoop, we did it!

Congratulations!!!  That's really awesome.       

couponvan

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Re: Race from $1M to $2M
« Reply #1186 on: June 10, 2020, 06:17:52 AM »
We were at the finish line for about a hot second yesterday....BUT it's tax day and summer college tuition day therefore we're going stay sub $2.0 for a bit  - just doing that slow-motion film finish replay for posterity.  What did we do to celebrate the momentous occasion for that first moment?  We planted 2 kiefer pear trees that we were too cheap to pay $65 to have installed.  In 90 degree heat no less. I am going to call them my two million dollar trees.   

Roboturner

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Re: Race from $1M to $2M
« Reply #1187 on: June 10, 2020, 08:00:35 AM »
Congratulations Roboturner!
Congratulations!!!  That's really awesome.       

Thanks! Glad I caught a pic before the last couple days, good to 'check it off,' not sure what the next milestone that would mean anything would be, or if we'll ever get there.

Buffaloski Boris

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Re: Race from $1M to $2M
« Reply #1188 on: June 10, 2020, 11:31:33 AM »
Congratulations Roboturner!
Congratulations!!!  That's really awesome.       

Thanks! Glad I caught a pic before the last couple days, good to 'check it off,' not sure what the next milestone that would mean anything would be, or if we'll ever get there.

Well the next step here at MMM is the $2 to $4 mil and beyond race. Be careful, some of the folks over there are well known to be scoundrels and scalawags. :-p

chesebert

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Re: Race from $1M to $2M
« Reply #1189 on: June 10, 2020, 06:37:03 PM »
We were at the finish line for about a hot second yesterday....BUT it's tax day and summer college tuition day therefore we're going stay sub $2.0 for a bit  - just doing that slow-motion film finish replay for posterity.  What did we do to celebrate the momentous occasion for that first moment?  We planted 2 kiefer pear trees that we were too cheap to pay $65 to have installed.  In 90 degree heat no less. I am going to call them my two million dollar trees.
Damn, you already got your money tree??

couponvan

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Re: Race from $1M to $2M
« Reply #1190 on: June 10, 2020, 08:04:02 PM »
We were at the finish line for about a hot second yesterday....BUT it's tax day and summer college tuition day therefore we're going stay sub $2.0 for a bit  - just doing that slow-motion film finish replay for posterity.  What did we do to celebrate the momentous occasion for that first moment?  We planted 2 kiefer pear trees that we were too cheap to pay $65 to have installed.  In 90 degree heat no less. I am going to call them my two million dollar trees.
Damn, you already got your money tree??
Exactly! Sadly our goose didnít lay golden eggs-just regular ones....

4tify

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Re: Race from $1M to $2M
« Reply #1191 on: June 23, 2020, 09:16:05 AM »
Does anyone else feel like the road to 2M is harder than 1M?? I always heard the first 1M is hardest but this is taking forever!

ixtap

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Re: Race from $1M to $2M
« Reply #1192 on: June 23, 2020, 09:25:17 AM »
Does anyone else feel like the road to 2M is harder than 1M?? I always heard the first 1M is hardest but this is taking forever!

Between the current stock market and the fact that our own additions are a smaller percent, our last check in was barely up from the one six months prior. Certainly not by as much as we had added.

4tify

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Re: Race from $1M to $2M
« Reply #1193 on: June 23, 2020, 10:19:55 AM »
Does anyone else feel like the road to 2M is harder than 1M?? I always heard the first 1M is hardest but this is taking forever!

Between the current stock market and the fact that our own additions are a smaller percent, our last check in was barely up from the one six months prior. Certainly not by as much as we had added.

I totally agree. New additions barely register at this point. Good problem to have I guess!

TempusFugit

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Re: Race from $1M to $2M
« Reply #1194 on: June 23, 2020, 11:58:46 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. 

talltexan

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Re: Race from $1M to $2M
« Reply #1195 on: June 24, 2020, 01:39:13 PM »
In the short term there are frustrating days where you can lose one year's income.

In the long term, I cannot imagine it being harder to get to $2,000,000 than it is to get above $0.

Bateaux

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Re: Race from $1M to $2M
« Reply #1196 on: June 24, 2020, 06:32:36 PM »
Congratulations Roboturner!
Congratulations!!!  That's really awesome.       

Thanks! Glad I caught a pic before the last couple days, good to 'check it off,' not sure what the next milestone that would mean anything would be, or if we'll ever get there.

Well the next step here at MMM is the $2 to $4 mil and beyond race. Be careful, some of the folks over there are well known to be scoundrels and scalawags. :-p

I resemble that remark.

Buffaloski Boris

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Re: Race from $1M to $2M
« Reply #1197 on: June 24, 2020, 07:21:07 PM »
Congratulations Roboturner!
Congratulations!!!  That's really awesome.       

Thanks! Glad I caught a pic before the last couple days, good to 'check it off,' not sure what the next milestone that would mean anything would be, or if we'll ever get there.

Well the next step here at MMM is the $2 to $4 mil and beyond race. Be careful, some of the folks over there are well known to be scoundrels and scalawags. :-p

I resemble that remark.

Exhibit ďAĒ.
:-p

Itís a fun group.

StackOfCoins.com (Jay)

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Re: Race from $1M to $2M
« Reply #1198 on: June 25, 2020, 12:26:41 AM »
Wow, folks are posting some really impressive numbers.

Congratulations Everyone!

--Jay

Freedomin5

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Re: Race from $1M to $2M
« Reply #1199 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.