Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 05-01-2014, 01:31 PM   #1
Thinks s/he gets paid by the post
nun's Avatar
 
Join Date: Feb 2006
Posts: 4,836
After a whole month of ER, a month that included quarterly real estate tax and water bills, my net worth is up $7k. This ER thing looks easy......a least until the 20% correction hits when I'm sure my mood will change. #shorttermsuccess
__________________

__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”

Current AA: 65% Equity Funds / 20% Bonds / 7% Stable Value /3% Cash / 5% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
nun is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-01-2014, 01:39 PM   #2
Thinks s/he gets paid by the post
David1961's Avatar
 
Join Date: Jul 2007
Posts: 1,076
Congratulations on your ER. It's great to see your net worth go up after ER, but I wouldn't buy that Lamborghini just yet!!

Seriously, having a nice start will make that 20% correction more bearable.
__________________

__________________
David1961 is offline   Reply With Quote
Old 05-01-2014, 02:03 PM   #3
Thinks s/he gets paid by the post
nun's Avatar
 
Join Date: Feb 2006
Posts: 4,836
Quote:
Originally Posted by David1961 View Post
Congratulations on your ER. It's great to see your net worth go up after ER, but I wouldn't buy that Lamborghini just yet!! Seriously, having a nice start will make that 20% correction more bearable.
With that Lamborghini reference have you been following the proposed changes to the UK pension system?

There's no fear of me buying an Italian sports car. I have a Honda Civic and used less than a quarter of a tank of gas last month because I did most of my trips on my bike.

With the DOW at an all time high I expect a correction eventually and then I'll see if my ER planning holds water.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”

Current AA: 65% Equity Funds / 20% Bonds / 7% Stable Value /3% Cash / 5% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
nun is offline   Reply With Quote
Old 05-01-2014, 03:15 PM   #4
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,137
Congratulations on your retirement. You can say "wheee" when driving your Lamborghini, but please don't say anything about the market's performance
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is online now   Reply With Quote
Old 05-01-2014, 04:59 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Quote:
Originally Posted by Alan View Post
Congratulations on your retirement. You can say "wheee" when driving your Lamborghini, but please don't say anything about the market's performance

Yeah, that...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 05-01-2014, 06:19 PM   #6
Thinks s/he gets paid by the post
heeyy_joe's Avatar
 
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
Asset values are less important than cash flow in most instances.
__________________
_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
heeyy_joe is offline   Reply With Quote
Old 05-01-2014, 06:23 PM   #7
Thinks s/he gets paid by the post
nun's Avatar
 
Join Date: Feb 2006
Posts: 4,836
Quote:
Originally Posted by heeyy_joe View Post
Asset values are less important than cash flow in most instances.
Agreed, so I'm putting dividends into my money market rather than reinvesting them and the $1200/month rental income is nice to have. No mortgage or other debt also means that I've minimized my need for income.
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”

Current AA: 65% Equity Funds / 20% Bonds / 7% Stable Value /3% Cash / 5% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
nun is offline   Reply With Quote
Old 05-01-2014, 09:08 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,531
I pulled the plug late last August. The portfolio has increased by 4 year's living expenses since then. It's easy to get a false sense of security when the market keeps going up.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (5, 11, and 12).
FUEGO is offline   Reply With Quote
Old 05-01-2014, 09:29 PM   #9
Thinks s/he gets paid by the post
nun's Avatar
 
Join Date: Feb 2006
Posts: 4,836
Quote:
Originally Posted by FUEGO View Post
I pulled the plug late last August. The portfolio has increased by 4 year's living expenses since then. It's easy to get a false sense of security when the market keeps going up.
I agree, most of my gain isn't available to me as it's in tax deferred accounts and I'm 52. I'll take income from dividends and investment gains in my taxable accounts when I have them, but I have enough in cash and an accessible stable value fund to last me until 59.5 so I have no need to sell equites if the market is down.

Most of my $7k gain will just compound (hopefully) and get spent post 59.5
__________________
“So we beat on, boats against the current, borne back ceaselessly into the past.”

Current AA: 65% Equity Funds / 20% Bonds / 7% Stable Value /3% Cash / 5% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent
nun is offline   Reply With Quote
Old 05-01-2014, 09:36 PM   #10
Thinks s/he gets paid by the post
walkinwood's Avatar
 
Join Date: Jul 2006
Location: Denver
Posts: 2,677
Congrats!

You've planned and made a commitment & you'll make it work -correction or no correction. Unless your budget is an absolutely rock-bottom essentials only deal, you'll figure a way to cut back when times are rough & let loose a bit when times are good. I think flexibility is the secret sauce of a successful ER - and it is one of the few things that are in our control.

All the best.
__________________

__________________
walkinwood is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
"Never go to work day" video by They Might be Giants free4now Other topics 4 02-11-2008 09:47 AM
By the hair of my chiny chiny chin, and might get a shave on Monday obryanjf Hi, I am... 1 03-31-2006 08:40 PM
Might be the last straw brewer12345 Other topics 12 02-23-2006 06:36 PM
I Might Be Reading These Forums Too Much. . . BigMoneyJim Other topics 4 03-19-2004 09:58 AM
might be a dumb question renferme FIRE and Money 2 01-13-2004 05:25 AM

 

 
All times are GMT -6. The time now is 10:26 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.