"Your First Million is the Toughest" How long did it take you? - Page 5

GoodSense · 07-30-2007, 03:49 PM

The First Million Is the Toughest

I would have given you all of my bucks
But this week the market really sucks
And the Wall Street Journal looks gloomy
But if you want, I’ll try to save again
Baby I’ll try to save again but I know

The first million is the toughest, baby I know
The first million is the toughest
‘cause when it comes to being lucky she’s cursed
When it comes to investing she’s worst
But when the market is down I’m first
That’s how I know

The first million is the toughest, baby I know
The first million is the toughest

I still want to be a millionaire
Even though it may turn into a nightmare
Cause the bull may become a bear
But if you want, I’ll try to invest again
But baby, I’ll try to invest again, but I know

The first million is the toughest, baby I know
The first million is the toughest

CATAMAN · 07-31-2007, 12:59 PM

These numbers are quite impressive. Am I accurate in thinking that the majority of you grew your portfolios to 1MM by being 100% in stocks during the ride?

dmpi · 07-31-2007, 01:11 PM

Quote:

Originally Posted by CATAMAN

These numbers are quite impressive. Am I accurate in thinking that the majority of you grew your portfolios to 1MM by being 100% in stocks during the ride?

Yes, I'm 100% in equities, not counting real estate, bonds, fixed income, savings, checking, coin & stamp collection, etc.

megacorp-firee · 07-31-2007, 02:18 PM

Quote:

Originally Posted by CATAMAN

These numbers are quite impressive. Am I accurate in thinking that the majority of you grew your portfolios to 1MM by being 100% in stocks during the ride?

Yep, up until about 4-5 years ago, I was 100% in equities.

Alan · 07-31-2007, 04:51 PM

14 years ago I was 100% equities but every few years got more conservative until now I'm 40/50/10 (2 years away from ER and I plan to stay with this allocation through retirement).

My plan was always to RE at 55 when eligible to get a pension so as the chances of success increased I lowered the volatility of my portfolio. Just so happens I passed the $1M mark in savings 18 months ago.

Moemg · 07-31-2007, 05:23 PM

Good sense
Great post !

07-30-2007, 03:49 PM	#81
GoodSense Recycles dryer sheets Join Date: Jul 2007 Posts: 361	Sorry, just can't help it... The First Million Is the Toughest I would have given you all of my bucks But this week the market really sucks And the Wall Street Journal looks gloomy But if you want, I’ll try to save again Baby I’ll try to save again but I know The first million is the toughest, baby I know The first million is the toughest ‘cause when it comes to being lucky she’s cursed When it comes to investing she’s worst But when the market is down I’m first That’s how I know The first million is the toughest, baby I know The first million is the toughest I still want to be a millionaire Even though it may turn into a nightmare Cause the bull may become a bear But if you want, I’ll try to invest again But baby, I’ll try to invest again, but I know The first million is the toughest, baby I know The first million is the toughest

07-31-2007, 12:59 PM	#82
CATAMAN Dryer sheet wannabe Join Date: Feb 2007 Posts: 20	Quite impressive These numbers are quite impressive. Am I accurate in thinking that the majority of you grew your portfolios to 1MM by being 100% in stocks during the ride?

07-31-2007, 04:51 PM	#85
Alan Thinks s/he gets paid by the post Join Date: Jul 2005 Location: Baton Rouge Posts: 1,389	14 years ago I was 100% equities but every few years got more conservative until now I'm 40/50/10 (2 years away from ER and I plan to stay with this allocation through retirement). My plan was always to RE at 55 when eligible to get a pension so as the chances of success increased I lowered the volatility of my portfolio. Just so happens I passed the $1M mark in savings 18 months ago. __________________ Countown clock is at 13 months

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07-31-2007, 05:23 PM	#86
Moemg Thinks s/he gets paid by the post Join Date: Jan 2007 Location: Sarasota,fl. Posts: 3,260	Good sense Great post !

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