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View Poll Results: Passed a new $MM mark
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will or have in 2007
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39 |
45.35% |
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Did in 2006
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33 |
38.37% |
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Dif in 2005
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18 |
20.93% |
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07-09-2007, 08:10 PM
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#21
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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 Quote:
Originally Posted by Nords
But how many times will we be passing the same financial goal over the next decade-- first on the way up and then dropping back down?
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This is the kind of talk justifies below 4% swr!
Best way to avoid this scenario is to always keep it under 1MM.
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07-09-2007, 10:03 PM
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#22
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 3,895
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inheritance put me over $1mm in 2007. but i'd rather have kept my mom instead.
__________________
"off with their heads"~~dr. joseph-ignace guillotin
"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
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07-14-2007, 09:46 AM
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#23
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Recycles dryer sheets
Join Date: May 2007
Posts: 107
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I guess I passed my first $1M a couple of years ago, but I really don't know. Funds were too spread out (ok, completely disorganized) to really tell and I never counted my house or life insurance (but now I have a paid up policy for the rest of my life as part of my early reitement package !)
DW still has her own IRA and Roth (which I highly recommend!)
I want to see that extra comma on my Fidelity statement ! (I'm really already there, I just have to wait until next year to consolidate some other CDs)
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07-14-2007, 02:25 PM
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#24
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 1,318
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We passed one last year, but after accounting for inflation, I'm not sure it's real. Would have to do the math. Still, to pass it while still spending a full-scale SWR is a testament to how good the economy has been in recent years. Long live the consuming and producing people of the world! Keeps markets strong so we can sit around and think deep thoughts... (Am I starting to sound like one of those annoying octogenarian Floridians?)
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07-14-2007, 10:22 PM
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#25
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Full time employment: Posting here.
Join Date: Mar 2004
Location: No Where for Very Long
Posts: 763
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Last February when I checked my checking account balance at an ATM, I noticed that I was a multi-millionaire.
But it was in Vietnamese Dong...
__________________
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07-14-2007, 10:26 PM
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#26
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
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Quote:
Originally Posted by Lancelot
But it was in Vietnamese Dong...
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Anyone besides me giggle at that?
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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07-14-2007, 10:28 PM
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#27
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,583
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I figure that I will reach $1MM just about the time I have my first heart attack--maybe 7 years. (Of course, if the market keeps up this pace, it will be three years. And a hamburger will cost $30 by then.) 
__________________
I have outlived most of the people I don't like and I am working on the rest.
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07-14-2007, 10:34 PM
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#28
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 2,155
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Quote:
Originally Posted by Lancelot
Last February when I checked my checking account balance at an ATM, I noticed that I was a multi-millionaire.
But it was in Vietnamese Dong...
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I'm much better off. I was and and still am a multi-billionaire.
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07-14-2007, 10:51 PM
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#29
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Full time employment: Posting here.
Join Date: Jun 2007
Posts: 567
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Quote:
Originally Posted by Lancelot
Last February when I checked my checking account balance at an ATM, I noticed that I was a multi-millionaire.
But it was in Vietnamese Dong...
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I may have to tell the wife that we're rich where it counts, in Dong.
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07-15-2007, 08:48 AM
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#30
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,446
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I became a multi millionaire last year and I'm still as cheap as ever .
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07-15-2007, 08:56 AM
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#31
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Recycles dryer sheets
Join Date: Dec 2006
Posts: 154
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Yeah, we passed another mil milestone this year.
But it's all on paper.
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Sounds familier at my house too....
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07-15-2007, 01:24 PM
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#32
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Full time employment: Posting here.
Join Date: Jan 2007
Location: Southern Louisiana
Posts: 519
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Sounds familier at my house too....
Quote:
Originally Posted by theloneranger
Yeah, we passed another mil milestone this year.
But it's all on paper.
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We made that first milestone in 2006 and are on our way to "piling it on".
My DW says that she doesn't feel rich either because it's all on paper.
That's because we have always worked for a living and investments were for the "rich people". Well, guess what.......
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07-15-2007, 03:51 PM
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#33
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,557
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My net worth finally exceeded my pre dot.com bubble peak value (circa in late 1999), this last month.
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07-15-2007, 04:49 PM
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#34
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 44,810
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Quote:
Originally Posted by clifp
My net worth finally exceeded my pre dot.com bubble peak value (circa in late 1999), this last month.
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Whew! Eight years. That sounds pretty hair-raising (to a scaredy-cat like me). Are you in the accumulation phase, or the withdrawal phase?
__________________
Happily retired since 2009, at age 61.
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07-15-2007, 05:11 PM
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#35
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2007
Posts: 5,072
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Quote:
Originally Posted by Want2retire
Whew! Eight years. That sounds pretty hair-raising (to a scaredy-cat like me). Are you in the accumulation phase, or the withdrawal phase?
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It tooks us about 6 years to get back to the same value. 
We took a big haircut on a single equity. Then everything else broke down.
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07-15-2007, 06:31 PM
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#36
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Full time employment: Posting here.
Join Date: Aug 2006
Posts: 563
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Still struggling. Wondering how long the market will keep going like this? :confused: So far at the $938k level. I don't count equity in home either. But I'm thinking 1mm next year? 
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07-15-2007, 07:03 PM
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#38
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
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So we've got a 7-10 split.
What would be the common wisdom here? Throw the ball down the middle? 
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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07-15-2007, 07:10 PM
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#39
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,853
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Quote:
Originally Posted by cute fuzzy bunny
So we've got a 7-10 split.
What would be the common wisdom here? Throw the ball down the middle? |
Budweiser - ?drink or buy - or both?
  - Fresca(a Coke product) was 3 frig packs for $10 at the supermarket yesterday.
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07-15-2007, 07:27 PM
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#40
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,557
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Quote:
Originally Posted by Want2retire
Whew! Eight years. That sounds pretty hair-raising (to a scaredy-cat like me). Are you in the accumulation phase, or the withdrawal phase?
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I've been retired since May 99, so clearly in the withdrawal phase. I had a large safety margin (~ $1 million more than I needed) but it wasn't fun retiring at the top of the market.
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