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Old 05-07-2015, 04:32 PM   #1
Confused about dryer sheets
Join Date: May 2015
Location: San Francisco
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Hello ER! Here I am!

Hi all! Great to be here.

I've been lurking for a few months now, and thought I'd jump in and be an active participating member.

I'm 42 years old, not married (girlfriend of 2 years), no kids.

I own a small business and presently make about $350k a year.

No debt, and rent a relatively inexpensive apartment by San Francisco standards (locked into rent control). I live far below my means, and am trying to keep my spend down. My day-to-day expenses are very little... but I do enjoy playing, and tend to buy "toys for boys". Think boat, jetski, UTV, dirtbikes, and everything in-between.

I have approximately 1.1M invested in Vanguard index funds.

I'm a relatively unsavvy investor, but I am disciplined. I've been following the asset allocation recommendations from the No-Load Investor newsletter "wealth builder" program for about 10 years... it's treated me well.

I always max out my SEP IRA... and dump everything I have left over every month into Vanguard.

I don't have a retirement horizon, as I still have a lot more to make before feeling like I have enough for ER. If I had 4M today, I'd strongly consider exiting.

I recognize that it's unlikely I have the time to dedicate to becoming a master investor, so I like the ease of simply following the newsletter's asset allocation. Just recently however, I've been wondering if it's time to get a professional money manager involved... which would cost about 1% annually of my total of my investment with them. Food for thought.

That's who I am... hello to all! Great to be here with such a great group of folks!

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Old 05-07-2015, 04:49 PM   #2
Walt34's Avatar
Join Date: Dec 2007
Location: Eastern WV Panhandle
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Welcome to the forum!

You're off to a great start for ER. Others will chime in shortly but instead of a money manager I'd suggest reading Millionaire Teacher by Andrew Hallam and save the manger's fees.

I heard the call to do nothing. So I answered it.
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Old 05-07-2015, 04:54 PM   #3
Dryer sheet wannabe
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Welcome and very solid..keep going!
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Old 05-07-2015, 04:56 PM   #4
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Join Date: Mar 2013
Location: Limerick
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If you're disciplined enough to not panic in a down market and to stick to a sensible asset allocation in index mutual funds/ETFs with low expenses, you'll be fine. That 1% expense adds up to big bucks over time.
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Old 05-07-2015, 05:15 PM   #5
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A lot of the people who ER are burned out from job, typically because of bosses and coworkers.

Since you're the boss, maybe you're not feeling the pull to get out?
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Old 05-07-2015, 05:58 PM   #6
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Posts: 761
Welcome. Sounds like you're on the right track with LBYM and saving. Most people here recommend a simple allocation of low cost funds, so you're more on track than you realize. I think you can learn all you need to feel comfortable handling your own investments - there are a number of threads here with a recommended reading list or suggestions on books to help,
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Old 08-19-2018, 10:58 PM   #7
Confused about dryer sheets
Join Date: May 2015
Location: San Francisco
Posts: 2
Hey all! Wow - it's like a time capsule! Haven't been around here in a few years, and found my old post from 3 years ago. Now at 2.2M. Still trudging along with the same strategy. Never got that pro money manager... 1%? What was I thinking! Thanks for the prior encouragement.
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Old 08-20-2018, 06:39 AM   #8
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Location: Hog Mountian
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Welcome! And, +1 on Walt34. Read up and pocket the difference.
Never let yesterday use up too much of today.
W. Rogers
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Old 08-20-2018, 07:02 AM   #9
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Location: Champaign
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I'll say, 1M+ in 3 years! Keep dumping that extra cash into those funds. You're ahead $333K per year. Your strategy is worth writing about. My DSI earns approx what you do. Her income has been steady in the 330K area for about 7-8 years. Because of multiple big vacations, new homes, nice cars, no where near retirement. She is married with a daughter, college, wedding, HI because she's an independent contractor doesn't help, but still.
"If you want to go fast, go alone. If you want to go far, go together.
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Old 08-20-2018, 08:06 AM   #10
Recycles dryer sheets
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Thanks for the update. Really nice interval increase in savings. Sounds like you totally "get it", save early, save often, time is your friend, etc. Definitely no need for someone scooping off 1%.

This is no social crisis, just another tricky day for you...
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