new milestone for us

simple girl · 04-12-2007, 07:39 AM

Well, we just reached a new milestone. Total cash, stocks, and bonds crossed the $500K mark today (this does not include house equity). I looked back at my numbers, and I see that that this figure has grown by 100K since Aug '06, just 8 months! Ah, the power of LBYM, compounding, and a good market. Woo-hoo!

samclem · 04-12-2007, 07:49 AM

Congrats. One milestone for us was the first time that I realized that the gains in our portfolio (interest, dividends, and cap gains) exceeded what I put in for that year. Sure, we had the benefit of a good market at that time, but it was a sign that the portolio had taken off on it's own. But, the next year was a letdown and a reminder that results will vary--sometimes a lot.

Good job.

Outtahere · 04-12-2007, 07:50 AM

Congrats!!! the next 500 should be even easier.

Retire Soon · 04-12-2007, 08:07 AM

LBYM has really paid off for you. Great job simple girl!

DangerMouse · 04-12-2007, 08:15 AM

It's always such a great feeling reaching one of your milestones. Hope the next $100k accumulates as quickly.

Coach · 04-12-2007, 08:19 AM

Way to go, Simple Girl!

Coach

loosechickens · 04-12-2007, 10:05 AM

Hey, congratulations.....feels good, doesn't it? ;-)

LooseChickens

teejayevans · 04-12-2007, 10:26 AM

Quote:

Originally Posted by Outtahere

Congrats!!! the next 500 should be even easier.

Kinda depends on how much of that was interest and how much
was deposits.
tj

Peaceful_Warrior · 04-12-2007, 10:30 AM

Congrats!

These kinds of posts are always inspirational for us closer to the $100k mark...

Quote:

Originally Posted by simple girl

Well, we just reached a new milestone. Total cash, stocks, and bonds crossed the $500K mark today (this does not include house equity). I looked back at my numbers, and I see that that this figure has grown by 100K since Aug '06, just 8 months! Ah, the power of LBYM, compounding, and a good market. Woo-hoo!

bbbamI · 04-12-2007, 11:17 AM

Congratulations!

I remember our first milestone was $10k.

WRBT · 04-12-2007, 11:31 AM

I remember when still had wife's student loans so the milestone was a positive net worth.

SecondCor521 · 04-12-2007, 12:22 PM

Congratulations!

I save off my net worth statement every time something crosses any milestone -- when assets exceed a round number, when liabilities drop under a round number, when my net worth crosses a round number, when a large account crosses a round number...more times to celebrate!

2Cor521

OKLibrarian · 04-12-2007, 12:25 PM

hee hee hee--I know this doesn't compare much but our latest milestone was $25K in the house fund. Most of that was saved in about 4 months in a low-ish interest MM savings account (about 3% interest) so we're actually pretty darned proud of it.

dex · 04-12-2007, 12:46 PM

Quote:

Originally Posted by OKLibrarian

hee hee hee--I know this doesn't compare much but our latest milestone was $25K in the house fund. Most of that was saved in about 4 months in a low-ish interest MM savings account (about 3% interest) so we're actually pretty darned proud of it.

Look into Treasury Direct or Vanguard MM funds - all over 5%

OKLibrarian · 04-12-2007, 01:02 PM

we're only about 3 months away from buying--trying to figure out how much additional interest we'd earn in that short a period of time. that said, the first thing we're doing after we close on the house is opening an account at vanguard for our ready cash as well as IRAs and taxable stuff. The only thing that makes me nervous about going for the MM fund instead of a MM savings account is the lack of FDIC--but how big a deal is that really?

04-12-2007, 07:39 AM	#1
simple girl Full time employment: Posting here. Join Date: Sep 2006 Location: mississippi Posts: 632	new milestone for us Well, we just reached a new milestone. Total cash, stocks, and bonds crossed the $500K mark today (this does not include house equity). I looked back at my numbers, and I see that that this figure has grown by 100K since Aug '06, just 8 months! Ah, the power of LBYM, compounding, and a good market. Woo-hoo! __________________ simple girl less stuff, more time (40, married, no kids, work part-time, DH full-time. Hoping to both semiretire in 5 years...)

04-12-2007, 07:49 AM	#2
samclem Thinks s/he gets paid by the post Join Date: May 2004 Posts: 2,751	Re: new milestone for us Congrats. One milestone for us was the first time that I realized that the gains in our portfolio (interest, dividends, and cap gains) exceeded what I put in for that year. Sure, we had the benefit of a good market at that time, but it was a sign that the portolio had taken off on it's own. But, the next year was a letdown and a reminder that results will vary--sometimes a lot. Good job. __________________ "Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein

04-12-2007, 07:50 AM	#3
Outtahere Thinks s/he gets paid by the post Join Date: Sep 2005 Posts: 1,678	Re: new milestone for us Congrats!!! the next 500 should be even easier. __________________ Dogs aren't our whole lives, but they make our lives whole. - Roger Caras

04-12-2007, 08:07 AM	#4
Retire Soon Full time employment: Posting here. Join Date: Nov 2005 Posts: 524	Re: new milestone for us LBYM has really paid off for you. Great job simple girl! __________________ "I went to the woods because I wished to live deliberately... and not, when I came to die, discover that I had not lived." --Henry David Thoreau

04-12-2007, 08:15 AM	#5
DangerMouse Full time employment: Posting here. Join Date: Jan 2007 Location: So. Cal. Posts: 566	Re: new milestone for us It's always such a great feeling reaching one of your milestones. Hope the next $100k accumulates as quickly. __________________ I be a girl, he's a boy. Semi-FIRED July 08. Mid 40s, no kidlets.

04-12-2007, 08:19 AM	#6
Coach Full time employment: Posting here. Join Date: Nov 2005 Location: Colorado, USA Posts: 655	Re: new milestone for us Way to go, Simple Girl! Coach

04-12-2007, 10:05 AM	#7
loosechickens Recycles dryer sheets Join Date: Mar 2007 Posts: 160	Re: new milestone for us Hey, congratulations.....feels good, doesn't it? ;-) LooseChickens

04-12-2007, 11:17 AM	#10
bbbamI Thinks s/he gets paid by the post Join Date: Dec 2006 Location: Dallas Vicinity Posts: 1,481	Re: new milestone for us Congratulations! I remember our first milestone was $10k. __________________ Tell me somethin' good....

04-12-2007, 11:31 AM	#11
WRBT Recycles dryer sheets Join Date: Dec 2002 Posts: 129	Re: new milestone for us I remember when still had wife's student loans so the milestone was a positive net worth.

04-12-2007, 12:22 PM	#12
SecondCor521 Thinks s/he gets paid by the post Join Date: Jun 2006 Location: Boise Posts: 1,318	Re: new milestone for us Congratulations! I save off my net worth statement every time something crosses any milestone -- when assets exceed a round number, when liabilities drop under a round number, when my net worth crosses a round number, when a large account crosses a round number...more times to celebrate! 2Cor521 __________________ "At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.

04-12-2007, 12:25 PM	#13
OKLibrarian Recycles dryer sheets Join Date: Mar 2007 Posts: 211	Re: new milestone for us hee hee hee--I know this doesn't compare much but our latest milestone was $25K in the house fund. Most of that was saved in about 4 months in a low-ish interest MM savings account (about 3% interest) so we're actually pretty darned proud of it.

04-12-2007, 01:02 PM	#15
OKLibrarian Recycles dryer sheets Join Date: Mar 2007 Posts: 211	Re: new milestone for us we're only about 3 months away from buying--trying to figure out how much additional interest we'd earn in that short a period of time. that said, the first thing we're doing after we close on the house is opening an account at vanguard for our ready cash as well as IRAs and taxable stuff. The only thing that makes me nervous about going for the MM fund instead of a MM savings account is the lack of FDIC--but how big a deal is that really?

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