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Forum » Investments pass $2MM today - reps til I'm out
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Thread: Investments pass $2MM today - reps til I'm out

post 1622333971 11-11-2020, 04:54 PM
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#31
  1. GordonXXX
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congrats! enjoy retirement! i am.
post 1622333981 11-11-2020, 04:54 PM
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#32
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Awesome stuff brah
post 1622334091 11-11-2020, 04:55 PM
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#33
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grats, I wish I knew what I was doing when it comes to investments
post 1622334181 11-11-2020, 04:55 PM
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#34
  1. JackDonagy
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Originally Posted By poundXpound⏩
1979-2017
Brah stop increasing your contributions. Live it up with like 1 mil and let the other mil take you to retirement. You wagecucked for 40 years treat yourself srs. Once COVID-20 comes youll wish you enjoyed your money more. I am 27 and I regret saving so much in my early 20's.
post 1622334271 11-11-2020, 04:56 PM
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#35
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Originally Posted By iradumass⏩
mirin'

you and the wife?

I'm on track to do $1.5M by ~47 (ex. real estate equity)
Thanks. Yes, total for both of us. Good job. You should have no problems in retirement.
Originally Posted By ScottTil⏩
Solid number! I'm in a high paying profession and might not make it to that amount
Keep investing. We never stopped even when the market took a sh!t.
Originally Posted By GaryCarnivals⏩
number 1 advice for ppl in their 20s/30s?
Invest what you can now. I was 35 when I started and could have retired even earlier if I had started even 5 years sooner. Take advantage of time.
Originally Posted By rjthegreat10⏩
Fuark mirin hard!
Thanks.
A democracy is two wolves and a lamb voting on what to have for lunch. And that's why the USA is a constitutional republic and not a democracy.
post 1622334331 11-11-2020, 04:57 PM
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#36
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Sat around £450k(inherited about 60% of that 6 years ago mind)
Op did you take care of it yourself, buy into a fund or just have a broker?
what has your average annual return been as %?
What markets have perfomed bets for you?
where has most of it gone, stocks, bonds, commodities, properties or alternatives
post 1622334581 11-11-2020, 04:58 PM
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#37
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Do you also have your primary residence paid off and all that good stuff OP?
post 1622334611 11-11-2020, 04:59 PM
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#38
  1. poundXpound
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Originally Posted By JackDonagy⏩
Brah stop increasing your contributions. Live it up with like 1 mil and let the other mil take you to retirement. You wagecucked for 40 years treat yourself srs. Once COVID-20 comes youll wish you enjoyed your money more. I am 27 and I regret saving so much in my early 20's.
Retired 3 years ago, brah. Changed asset allocation from full aggressive to half stock funds, half bond funds + cash. Having a great retirement so far. Retired to Florida, bought a new house and then a Jaguar F-Type as a retirement gift to myself.
A democracy is two wolves and a lamb voting on what to have for lunch. And that's why the USA is a constitutional republic and not a democracy.
post 1622334781 11-11-2020, 05:00 PM
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#39
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Gratz bruh!

Officially called it quits two months ago myself.
BODY POINTS: 999999999999
post 1622334991 11-11-2020, 05:02 PM
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#40
  1. poundXpound
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Originally Posted By Lefticle⏩
Repped OP. Currently at about $370k net worth. Hope to get to where you're at.
Keep investing, even when the market goes south. You'll make it.
Originally Posted By h0t_sAuCe⏩
Gratz bruh!

Officially called it quits two months ago myself.
Feels good, huh?
A democracy is two wolves and a lamb voting on what to have for lunch. And that's why the USA is a constitutional republic and not a democracy.
post 1622335031 11-11-2020, 05:02 PM
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#41
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Originally Posted By poundXpound⏩
Will turn 62 on Saturday.
Errr...did you mistype your age? RMDs aren't required until 72.
post 1622335241 11-11-2020, 05:05 PM
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#42
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Originally Posted By poundXpound⏩
Keep investing, even when the market goes south. You'll make it.


what was your insights
when investing at the begining?

also does your yearly dividends
get reinvested?

do you choose a stock based on its
p/E or volatility
post 1622335421 11-11-2020, 05:07 PM
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#43
  1. Frank Drebin
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I really appreciate seeing someone else track their net worth. I've been updating mine every other month since 2016. Will be interesting to look back on when I'm retired.
post 1622335851 11-11-2020, 05:11 PM
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#44
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Originally Posted By JackDonagy⏩
How long did you wagecuck for?
I think wage cucking your entire life to amass a cool two million dollars so you can live on the same income you earned while wage cucking but while you’re older and less capable is a brilliant strategy for life.

LOVE the concept of wage cucking and deferring happiness when it’s not even guaranteed I’ll be around to experience said millions
post 1622335871 11-11-2020, 05:11 PM
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#45
  1. poundXpound
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Originally Posted By Noobyy⏩
Sat around £450k(inherited about 60% of that 6 years ago mind)
Op did you take care of it yourself, buy into a fund or just have a broker?
what has your average annual return been as %?
What markets have perfomed bets for you?
where has most of it gone, stocks, bonds, commodities, properties or alternatives
I handled all our investments. Picked funds for both our 401Ks and Roths. Wife was allowed to take some out of her 401K and tried a broker for a year and we felt they didn't do any better than I was, so pulled the money.

If you just go by annual balance growth, probably 15% over that time.

I had us invested very aggressively (no bonds) until 2015, and then still only had maybe 20% bonds. Now 60% bonds & cash. Tech funds, Healthcare funds, Growth funds. Nothing exotic.
Originally Posted By Destor⏩
Do you also have your primary residence paid off and all that good stuff OP?
Nope. Could have, but decided we could do better keeping the $ invested. Paid $425K for our new home in 2017, put about 50% down. Mortgage is under $1,300/month and our only debt.
A democracy is two wolves and a lamb voting on what to have for lunch. And that's why the USA is a constitutional republic and not a democracy.
post 1622336001 11-11-2020, 05:13 PM
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#46
  1. poundXpound
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Originally Posted By EasternHammer⏩
Errr...did you mistype your age? RMDs aren't required until 72.
My wife's sister passed in 2017 and inherited her small 401K and had to immediately start taking an RMD.
A democracy is two wolves and a lamb voting on what to have for lunch. And that's why the USA is a constitutional republic and not a democracy.
post 1622336111 11-11-2020, 05:14 PM
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#47
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Sorry didn’t read replies since I’m on my way to the gym but...

How do you have that much in an IRA? That’s literally impossible because of the yearly limits.

How old are you? And what do you do for work?

Congrats!
post 1622336311 11-11-2020, 05:16 PM
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#48
  1. poundXpound
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Originally Posted By Kiop⏩
what was your insights
when investing at the begining?

also does your yearly dividends
get reinvested?

do you choose a stock based on its
p/E or volatility
Read Peter Lynch's book back then. Then, after a few years, looked at what was available to us in our 401K plans and started looking for funds with positive steady upward price momentum. Would re-assess every year and make changes if necessary.

Always reinvested dividends.

Momentum
A democracy is two wolves and a lamb voting on what to have for lunch. And that's why the USA is a constitutional republic and not a democracy.
post 1622336401 11-11-2020, 05:17 PM
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#49
  1. rgnx
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Originally Posted By notbadnotbrad⏩
I think wage cucking your entire life to amass a cool two million dollars so you can live on the same income you earned while wage cucking but while you’re older and less capable is a brilliant strategy for life.

LOVE the concept of wage cucking and deferring happiness when it’s not even guaranteed I’ll be around to experience said millions
pretty sure you are hatin, and making huge assumptions all in one.
post 1622336701 11-11-2020, 05:19 PM
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#50
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Originally Posted By rgnx⏩
pretty sure you are hatin, and making huge assumptions all in one.
No I’m specifically replying to the post itt.

I made no indication this was directed at OP.

Hopefully OP was able to do a job he enjoys and live a fulfilled life with full of adventure and excitement.

It’s just a comment on the status quo so many people adopt. Work your ass of when young taking 1-2 vacations per year not necessarily doing something you love, so you can settle down, go into debt with a mortgage and then eventually retire at 60 plus.

This is the path I’m on and it sucks.
post 1622336871 11-11-2020, 05:20 PM
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#51
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Originally Posted By poundXpound⏩
Retired 3 years ago, brah. Changed asset allocation from full aggressive to half stock funds, half bond funds + cash. Having a great retirement so far. Retired to Florida, bought a new house and then a Jaguar F-Type as a retirement gift to myself.
Glad youre diversifying out of stocks. The 2020 crash shook me to my core srs. Im 27 but lost most of my savings as I was leveraged to the tits in February. We recovered super fast, but I think we won't be as lucky the next time it happens. Once I build my equity back up im doing a US stocks/CAD stocks/Cash/Gold/Emerging markets/Bond/Real estate asset split. All equities is so way too much risk, especially for a retired person.
Originally Posted By notbadnotbrad⏩
I think wage cucking your entire life to amass a cool two million dollars so you can live on the same income you earned while wage cucking but while you’re older and less capable is a brilliant strategy for life.

LOVE the concept of wage cucking and deferring happiness when it’s not even guaranteed I’ll be around to experience said millions
Odd comment. Cheers.
post 1622336881 11-11-2020, 05:21 PM
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#52
  1. poundXpound
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Originally Posted By notbadnotbrad⏩
I think wage cucking your entire life to amass a cool two million dollars so you can live on the same income you earned while wage cucking but while you’re older and less capable is a brilliant strategy for life.

LOVE the concept of wage cucking and deferring happiness when it’s not even guaranteed I’ll be around to experience said millions
Wrong. Lived a good life "wagecucking". Had a nice house, nice cars, took vacations every year, ate out multiple times weekly, but lived within our means. Now live even better with no fuks given. Have an even better house that I could pay off if I wanted, drive a sports car and pretty much do whatever we want.
A democracy is two wolves and a lamb voting on what to have for lunch. And that's why the USA is a constitutional republic and not a democracy.
post 1622336941 11-11-2020, 05:21 PM
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#53
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Originally Posted By poundXpound⏩
..
.
Passed $1MM on 6/18/2015. Feels good. Retired Nov. 2017.






Attachment 9280621
Inheritance?
I'm not here for rage. I'm here for revenge!
Anti Covid VAX Superhero
Mein power
Mein pleasure
Mein pain
Trump 2020
Trump 2024
post 1622336961 11-11-2020, 05:21 PM
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#54
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Originally Posted By notbadnotbrad⏩
No I’m specifically replying to the post itt.

I made no indication this was directed at OP.

Hopefully OP was able to do a job he enjoys and live a fulfilled life with full of adventure and excitement.

It’s just a comment on the status quo so many people adopt. Work your ass of when young taking 1-2 vacations per year not necessarily doing something you love, so you can settle down, go into debt with a mortgage and then eventually retire at 60 plus.

This is the path I’m on and it sucks.
oh gotcha. I thought that was out of character for you because, you got a good head on top of your shoulders bro. (srs)
post 1622337121 11-11-2020, 05:22 PM
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#55
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Originally Posted By rgnx⏩
oh gotcha. I thought that was out of character for you because, you got a good head on top of your shoulders bro. (srs)
Thanks dawg. Yeah I should have mentioned it wasn’t directed at OP. I’m just venting about my own life tbh. If anything I’m hating on myself lol
post 1622337381 11-11-2020, 05:25 PM
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#56
  1. poundXpound
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Originally Posted By isawthesign⏩
Sorry didn’t read replies since I’m on my way to the gym but...

How do you have that much in an IRA? That’s literally impossible because of the yearly limits.

How old are you? And what do you do for work?

Congrats!
Lol, I'll be 62 in a few days and retired 3 years ago. Started investing late at age 35 & wife 38. We put about 15% of our income into our 401Ks & Roth IRAs. Time and good aggressive investment choices did the rest. I was a tooling design engineer and wife was an admin to high up executives. Got close, but neither of us made 6 figures.
A democracy is two wolves and a lamb voting on what to have for lunch. And that's why the USA is a constitutional republic and not a democracy.
post 1622337561 11-11-2020, 05:27 PM
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#57
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Originally Posted By FrankCostanza⏩
Inheritance?
My wife inherited her sister's small 401K after she passed in 2017. I've grown it.
A democracy is two wolves and a lamb voting on what to have for lunch. And that's why the USA is a constitutional republic and not a democracy.
post 1622337821 11-11-2020, 05:29 PM
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#58
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I have a question for you OP.

You are 62 with 2 million in the bank. Ok. I don't care if it is true or not, I will just assume it is. So my question is why here? Why come into a bodybuilding website filled with people a third of your age to say so? What is the payoff? Are you here to get into shape? to lose weight? Are you here to reconnect with something? My question has grown exponentially because, giving truth to your topic, the true question lies in why you made this thread at all.
post 1622338101 11-11-2020, 05:32 PM
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#59
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Originally Posted By Anachron⏩
It's getting late for you to start investing.

I would work on passive income streams instead. And I am being serious.

Obviously max out tax-deferred investment plans first.
Yeah I 100 percent agree with you.

I realized I hate the corporate world as well and don’t have the personality for it. Too defiant, hate the mundane so I’ve fully immersed myself into the passive income line of thinking. I have a project on the go and some money to invest in it. Maybe it’ll pay off but if not I’ll fine tune, adjust and try indefinitely with a very healthy appetite for risk.
post 1622338241 11-11-2020, 05:33 PM
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#60
  1. poundXpound
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Originally Posted By ScaleAndSteel⏩
I have a question for you OP.

You are 62 with 2 million in the bank. Ok. I don't care if it is true or not, I will just assume it is. So my question is why here? Why come into a bodybuilding website filled with people a third of your age to say so? What is the payoff? Are you here to get into shape? to lose weight? Are you here to reconnect with something? My question has grown exponentially because, giving truth to your topic, the true question lies in why you made this thread at all.
People like to share good news? You are all anonymous and I would never share our financial situation with anyone we know.

I joined back in 2013 because I was lifting and knew I didn't know it all, so to learn.
A democracy is two wolves and a lamb voting on what to have for lunch. And that's why the USA is a constitutional republic and not a democracy.
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