Approaching a Milestone.....

[simple girl]

With recent stock market gains, I am now a little closer to the $1.2M mark than I am to the $1,1M mark. Anyone else here hitting new milestones? I believe there have been a few threads about this lately.

I will know after the first of the month, when we check it...but yep...expecting to be nearing our next big milestone as well. Feels so good.

 

[Aiming_4_55]

With recent stock market gains, I am now a little closer to the $1.2M mark than I am to the $1,1M mark. Anyone else here hitting new milestones? I believe there have been a few threads about this lately.

Congrats Scrabbler1.... it's a great feeling to reach the next milestone! I know I'm pretty much at a new net worth high, but need to figure out where the new high is in equity, real estate investment, and or combination. I moved a few things around at the end of the year.

 

[ERhoosier]

Congrats to scrabbler1 & others hitting their personal milestones.
But it's straight-line run-ups like this that remind me of the old sayin'-
Bulls make $$, Bears make $$, but Pigs get slaughtered

 

[Andre1969]

My portfolio is still small enough that I tend to measure milestones in $50K increments. But hey, that's a far cry from when they used to be $10K increments, or even smaller ones!

Anyway, NW broke the $750K barrier at the end of August 2012. And, miraculously, has stayed above it since then. There might have been momentary dips here and there, but just looking at the month-end numbers, which are the only ones I keep, it's stayed above it.

As of yesterday, I came in at 799,882. So, with luck, I'll break $800K today. I did have about $1400 in checks that just cleared today though, so that's going to provide some offset.

It also might take me awhile to hit the next milestone, because I've got some bills coming up. I also swore that, once I hit $800K, I'd try to concentrate on getting the HELOC paid down some. Unfortunately, I think I swore the same thing once I hit $700K. And $600K.

 

[scrabbler1]

My portfolio is still small enough that I tend to measure milestones in $50K increments. But hey, that's a far cry from when they used to be $10K increments, or even smaller ones!

Anyway, NW broke the $750K barrier at the end of August 2012. And, miraculously, has stayed above it since then. There might have been momentary dips here and there, but just looking at the month-end numbers, which are the only ones I keep, it's stayed above it.

As of yesterday, I came in at 799,882. So, with luck, I'll break $800K today. I did have about $1400 in checks that just cleared today though, so that's going to provide some offset.

It also might take me awhile to hit the next milestone, because I've got some bills coming up. I also swore that, once I hit $800K, I'd try to concentrate on getting the HELOC paid down some. Unfortunately, I think I swore the same thing once I hit $700K. And $600K.

So, based on your last post here just under a year ago, you are up about $100k since then. Congrats to you on your advanement toward the coveted $1M mark.

 

[Milkman]

Everyday is a new high. But when everything is going up this fast I am waiting for the market to tank. Or, even worse, for someone (not mentioning any names) to interject with her infamous w---eee!!! Opps she just did on another post.

 

[Sniggle]

I am trying to restrain my irrational exuberance, but I am making great strides towards Reaching $1 million retirement savings by the end of my 50th year. I will turn 49 in 6 days, and at present have $890,000. With the $10 K from my employer over the next 2 years, and the $46 K from me, I only need about 5% from here on out to make my goal.

I do have an itchy finger when it comes to my 401K, and will not hesitate to move it all into the zero interest/zero income fund if I feel the market is correcting. You may not be able to time the market, but if you can avoid 5% of the drop then you are better for it. The dot com bubble taught me that leaving it alone in the face of an oncoming train only enriches the fund managers.

 

[bondi688]

Everyday is a new high. But when everything is going up this fast I am waiting for the market to tank. Or, even worse, for someone (not mentioning any names) to interject with her infamous w---eee!!! Opps she just did on another post.

Stock market does not go up in a straight line, of course it will correct, and probably the correction will occur soon, but no one can predict when a secular market top will occur, or this will be it. I missed a large part of the run up of the market in the Clinton Years because I was worried about the market being over-extended and expensive, and I kept waiting on the sideline for a big correction, which did not happen until almost 2000. No one can be so smart and be able to time the market: buy at the bottom and sell at the top, and get that right all the time. Bogle was never a market timer.

I have no interest in gold and own none, but you can say the price of gold was too high and should correct when it ran up from $600 in 2006 to a thousand in 2009. It did not run out of steam until it reached $1900 in 2011.

 

[tuixiu]

With recent stock market gains, I am now a little closer to the $1.2M mark than I am to the $1,1M mark. Anyone else here hitting new milestones? I believe there have been a few threads about this lately.

We hit $1M in mid-September of last year (man did we get drunk that night looking at our mint.com summary) and just hit $1.1M last week which came way faster from $1M than we expected. I'd be surprised if we held onto that $1.1M mark for long, like many others in these forums I've got a "correction coming" feeling.

Hopefully if correction happens it is slow enough that our aggressive savings rate can outpace it and keep us above pointless psychological barriers.

 

[NW-Bound]

Hopefully if correction happens it is slow enough that our aggressive savings rate can outpace it and keep us above pointless psychological barriers.

What savings rate? Here, hoping my WR does not outpace the market rise.

So far so good, but the chance, or at least the rate, of setting new highs is getting harder, if one tries to grow his cake while eating it too.

 

[tuixiu]

We're throwing it over the wall at the rate of about $9.5k per month right now, so might be able to keep up with a slow correction but something like Nov last year (I think it was Nov) would surely demilestone us.

 

[RockyMtn]

Seems like hitting I'm hitting a new personal net worth each day! Portfolio up 3.88% YTD. I know this won't/can't continue but it sure is fun to watch.

 

[marc515]

Congratulations; that is a major milestone.

 

[tuixiu]

I know dude, and its funny because you say "seems like" but recently it is exactly that. Almost every day I tell my wife hey our all-time high is today.

As you said, this madness cannot continue.

 

[foxfirev5]

We hit THE number posted on our fridge a little earlier. Fortunately it has held so far. However I expect to have our balance bounce above and below it for awhile. Still 1-2 years from RE so hopefully we'll have a little cushion built in when we make the leap.

 

[Andre1969]

So, based on your last post here just under a year ago, you are up about $100k since then. Congrats to you on your advanement toward the coveted $1M mark.

Thanks! And with luck, the next $100K, and the one after that, will come even quicker!

Based on the forecasts I've run, unless I come up with some major expenses (and depending on the economy) I should hit the $1M mark sometime in 2016. In theory, that shouldn't be too hard of a target to hit. If I'm at $800K now (and yeah, I barely slipped over that barrier on Friday, Wheeee! ), if I add about $20K per year, and the portfolio returns about 5.4% per year, I should be at around $1M at the beginning of 2016.

It'll be interesting to look back in three years and see how far off this prediction is.

 

[timeasterday]

I'm still a long way from retirement and only have been in the six figures for 3 years. That was a great milestone to reach and I'm happy to say that I am getting close to doubling that already.

 

[Andre1969]

I'm still a long way from retirement and only have been in the six figures for 3 years. That was a great milestone to reach and I'm happy to say that I am getting close to doubling that already.

I have to admit, I sort of "cheated" my way into the 6-figure bracket. In the summer of 2003, my Mom surprised me with a bunch of savings bonds that she had started taking out when I was born. She had put them away somewhere, and totally forgotten about them. At that point, my NW was probably around $85,000, but when she gave them to me, it took me to about $101K. There was about $3700 worth that had already hit final maturity, which I cashed in and deposited at the bank. The rest came to about $12,500. The ones that haven't hit final maturity are paying around 4%, so I've been letting them sit until they hit the 30 year, final maturity mark, and then start cashing them in and putting them in my checking account.

Most of them have been cashed in now, though. I think what's left it worth about $2400. And, in the 1980's, Mom was much less aggressive with savings bonds. I don't think I had a single one to cash in 2011, and for 2012, only 1 or 2. I think there's another 1 or 2 this year, and the final one hits the 30 year mark in 2024.

Because of that, I guess, I didn't quite get the euphoric feeling I thought I'd get, from hitting the $100K mark. If you factor out those bonds, I hit the $100K mark sometime in early 2004. But by that time, I was trying to juggle a house, and getting a condo fixed up and ready to put on the market, and having problems with contractors. Plus having a pickup truck that tended to die at random. So, things were stressful enough to take my mind off the accumulation. The contractors fell so far behind schedule that I lucked out, because the condo saw some serious appreciation in value, and then when it sold, I cleared about $77K, and suddenly that put me over the $200K mark, and suddenly $100K was a forgotten memory, and I was focusing on a "quarter of a million dollars" (sounds so much more fancy than just "250K" )

For some reason, way back when I broke the $60K barrier (and didn't know about those savings bonds yet), which was around October 2000, I felt really proud, and on top of the world. Kind of an odd milestone to be proud of, I guess, but I was. Probably because I was so much younger and dumber then, and less jaded, and thought there was nothing but prosperity and good times ahead! I do remember I came close to buying a used motorhome around that time, but fortunately came to my senses. And, about a month later, I quit my evening pizza delivery job...although then I got nervous and went back, but found out I didn't need the money as bad as I thought I did, and quit again.

I wonder if I'll get any sort of magical feeling when I hit the $1M mark?

 

[timeasterday]

I wonder if I'll get any sort of magical feeling when I hit the $1M mark?

Oh I'll be doing the happy dance at that point for sure!

 

[scrabbler1]

Finally hit the $1.2M mark, thanks to recent market gains. I am now at $1.205M so I probably hit it a day or two ago without realizing it.