Hoping to get back on track
I found this forum a few weeks ago and am so glad I did. I am a long time Boglehead and was really into the retireearlyhomepage in college as well. I might as well introduce myself and tell you my story:
I became obsessed with investments/finance in college and landed a nice associate position at an investment firm after I graduated. I studied and passed the CFP exam within a year of getting my job (I can tell you now, 60% of the people with a CFP mark do not deserve to give out financial advice). After working for 2 years at the investment firm, I decided life was too short to sit in little ol' Maine my whole life, quit, and moved to San Diego. I ended up finding a job at a financial software start up, but was unfortunately very underpaid (I was promised a lot more money but I soon found out the start up was very under funded and could not meet promises). After continuous lies about money, I was pissed off to the point where I decided to create my own start up. After 6 months, I was lucky to sell the start up (it was a Groupon like site and we were going to get crushed competitively). I took a good deal of the proceeds to create another start up, only to realize my business partner was well, not on the same page. Having realized I needed to go back working for "the man", it has taken me 6 months to finally land a job, unfortunately no where near family and friends.
Here is my position:
Down payment for a condo: $20k
Emergency Fund: $5k
Judging by other posts by people my age (who are not in the military), I'm doing ok. I LBYM and have always saved about 20% of my income (well, I couldn't at the software company but will at this new job). I'm a firm believer in indexing and am 100% in stocks (when the market goes down, I jump for joy-cheap shares!)
Looking forward to contributing!