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Super Saver? Super Investor? Or Both?
10-16-2007, 05:32 PM
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#1
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Full time employment: Posting here.
Join Date: Aug 2007
Posts: 585
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Super Saver? Super Investor? Or Both?
Many of you have substantial portfolios...I'm just curious...How did you get to that point? By:
1) Being a Super Saver - able to save way more than the average person?
2) Being a Super Investor - able to create a much higher investment return than the average person?
3) Or both?
I'm a great saver but just an average investor. I wouldn't have gotten to the point I am today with my investment strategy alone...for me it really came down to saving a very high percentage of my income.
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10-16-2007, 05:39 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
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I suspect that most people on this forum are super savors and average investors.
However for some they are super investors. At least in their own minds.
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10-16-2007, 06:13 PM
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#3
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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same here, super saver, average investor. Since I invest mostly in index funds, I am and always will be an average investor. Morningstar would give me 3*, average risk, average return...
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10-16-2007, 06:46 PM
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#4
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Full time employment: Posting here.
Join Date: Sep 2007
Location: mpls, mn
Posts: 770
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Unless your name is Warren Buffet your not going to be a super investor. The secret to having a "substantial" portfolio is time. If you start to save when you are young, you will have a large porfolio when you are ready to retire. Wasn't it Einstein who said the greatest invention of mankind was compund interest? Always pay yourself first every month. Don't try to beat the market, just match the market. Keep your fees as low as possible. Thats the "secret".
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10-16-2007, 06:46 PM
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#5
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,128
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Super saver, average investor. I just looked back over the few years on my budget worksheet where I track income each month against what goes into savings. last few years it was between 50-60% to savings.
ytd this year 75% of income to savings. The difference? the 2nd of our children graduated March 3rd.
We have also been fortunate to have had high incomes this past 10 years. We decided that we were doing so well that DW retired 3 years ago, so our household is semi-RE'd
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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10-16-2007, 07:01 PM
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#6
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Full time employment: Posting here.
Join Date: Jan 2007
Location: Southern Louisiana
Posts: 519
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Me too. Super saver, average investor. Since I started working at age 16 I have always saved by paying myself first. Then live on the rest.
Max out the 401K by DCA and try your best to hold the right mutual funds.
I have always had a nice home, nice vehicles, and a nice boat. So anyone wondering how to do it, there it is.
I still work with people who say "I can't afford to put into the 401K". I always tell them "I can't afford not to!"
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10-16-2007, 07:05 PM
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#7
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Full time employment: Posting here.
Join Date: May 2007
Posts: 549
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...none of the above.....saved a good bit....crappy investor unless I just went along with my advisor....if I chose it, it went straight to poop 
And then...as Tommy Smothers always use to say ~ "Mom always liked you best!"....and it seems that in my case, it was true....made my ER decision a NO BRAINER 
Thanks Mom!
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10-16-2007, 07:54 PM
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#8
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Recycles dryer sheets
Join Date: Sep 2006
Posts: 151
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super savers assisted by time - sorry- no easy answers
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10-16-2007, 07:55 PM
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#9
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Super saver but also agressive investor ! My portfolio is 90 % stocks !
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10-16-2007, 07:57 PM
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#10
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Recycles dryer sheets
Join Date: Jan 2007
Location: Los Angeles area
Posts: 329
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Another "me too" post - good saver, average investor.
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10-16-2007, 08:19 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,228
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 Quote:
Originally Posted by figner
Another "me too" post - good saver, average investor.
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Same here! 
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10-16-2007, 08:30 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Location: Los Angeles area
Posts: 1,708
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average saver (typically around 15-20% of income), above average investment results (about 18%
over the last 14 years).
__________________
learn, work, save, invest, fire
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10-16-2007, 09:33 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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4) Just damn lucky!
Audrey
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10-16-2007, 09:41 PM
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#14
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Full time employment: Posting here.
Join Date: May 2006
Posts: 859
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I rate myself as follows:
1. Super Saver
2. Good Household Income
3. Average Investor
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10-16-2007, 10:06 PM
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#15
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Dryer sheet aficionado
Join Date: Sep 2007
Posts: 26
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I don't really have a huge amount but what I do have is because I worked way, way, way too many hours. My wife and I built two houses ourselves also. I would'nt say I'm burnt out now. I'd say I'm completely fried. Cletis
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10-16-2007, 10:35 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 1,979
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Super saver
Average investor
Started early
Was consistent on saving
Uitilized all tax-deferred savings vehicles available---maxed out on 457 plan at work, IRA's
Opted for max equity choice in employer pension plan for entire career except last 2 years, then switched all to fixed income.
Lived below our means
Early start put time on our side, consistency over longtime made average investment returns not matter so much and let us recover from occassional bad investment choice.
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
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10-16-2007, 11:56 PM
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#17
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Recycles dryer sheets
Join Date: Nov 2005
Posts: 355
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Just kept saving in spite of my many investing mistakes. The market blessed me for the last 20 years, so I now appear as though I know something. All I know is how to buy many different index funds. From the start of my working years, it was obvious that I only needed to work until I could afford to not work. Retirement is the best time of my life, so far.
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10-17-2007, 06:06 AM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Mostly super saver, aided by a well above average income and starting to aggressively save at 25. Have been an aggressive investor with good returns. Not sure I would say "super investor" simply because it is so hard to measure risk-adjusted return.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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10-17-2007, 07:47 AM
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#19
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Recycles dryer sheets
Join Date: May 2007
Posts: 444
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Quote:
Originally Posted by Moemg
Super saver but also agressive investor ! My portfolio is 90 % stocks !
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Me too. But mine is 95% stocks.
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10-17-2007, 08:28 AM
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#20
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Recycles dryer sheets
Join Date: May 2007
Posts: 128
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Saver = Super so far (50%+ of income)
As an investor = average - 0.2% (expense ratio)
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