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View Poll Results: Since FIRE my/our NW is ...
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more than double ... time to spend more
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3 |
11.11% |
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up 50-75%
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0 |
0% |
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up 25-50%
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10 |
37.04% |
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about even
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11 |
40.74% |
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down 25-50%
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0 |
0% |
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down 50-75%
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0 |
0% |
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hey, I am dieing broke
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3 |
11.11% |
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08-30-2006, 09:44 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,527
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NW since FIRE
Always wondered how the FIRE'd NW has survived the test of time.
Only having been FIRE'd since Oct ... we're ABOUT EVEN.
__________________
FIRE'd since 2005
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08-30-2006, 10:03 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 49,401
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Re: NW since FIRE
We're only 15 months into both being retired but after withdrawing at a rate of 4.5%, NW is up 5%.
__________________
Numbers is hard
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08-30-2006, 10:25 AM
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#3
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,837
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Re: NW since FIRE
 Quote:
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Originally Posted by tryan
Always wondered how the FIRE'd NW has survived the test of time.
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We started in June 2002 so the burn rate has been more than compensated for by the recovery.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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08-30-2006, 10:37 AM
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#4
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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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Re: NW since FIRE
Quote:
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Originally Posted by tryan
Always wondered how the FIRE'd NW has survived the test of time.
Only having been FIRE'd since Oct ... we're ABOUT EVEN.
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The NW should be adjusted for inflation.* That's implied, correct?
I'm still working, so no vote from me.
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08-30-2006, 10:39 AM
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#5
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,837
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Re: NW since FIRE
Quote:
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Originally Posted by Sam
The NW should be adjusted for inflation.* That's implied, correct?
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Let's not start up with that crap again.
Everybody just pick two freakin' numbers, no matter whether it accounts for GAAP's version of net worth or your own, even including the NPV of your beaver-cheese futures, and cast your votes.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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08-30-2006, 12:48 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,527
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Re: NW since FIRE
Quote:
The NW should be adjusted for inflation. That's implied, correct?
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If you feel better keeping it "real" ... go for it. With the brackets swinging in 25% intervals can't imagine too many will be affected (unless you've been FIRE'd for 10+ years).
__________________
FIRE'd since 2005
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08-30-2006, 01:15 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Re: NW since FIRE
I am more than double, but I had the good fortune to retire into a what may turn out to be the best bull market of our lifetimes.
And no, I have no current plans to spend more.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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08-30-2006, 02:50 PM
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#8
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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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Re: NW since FIRE
Quote:
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Originally Posted by Nords
Let's not start up with that crap again.
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 * I don't understand?* Why is it crap?
On this board, everyone is constantly reminded of the effect of inflation.* Am I missing something?
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08-30-2006, 03:08 PM
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#9
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,837
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Re: NW since FIRE
Quote:
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Originally Posted by Sam
* I don't understand?* Why is it crap?
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I'm referring to the board's never-ending ability to nitpick a topic's vocabulary to death, including our perpetual inability to agree on a single definition for financial calculations.
I think the OP was just wondering what our qualitative feel was for our financial situation after ER as opposed to ER. I don't think we were intended to get into an analysis of whether we should use CPI-U, CPI-W, or some other personal definition of inflation. Or net worth. Or expenses. Or volatility. Or duration. Or... but you get the idea.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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08-30-2006, 05:31 PM
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#10
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Recycles dryer sheets
Join Date: Nov 2004
Posts: 283
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Re: NW since FIRE
I retired three years ago;* our nestegg has appreciated approximately 66% since that time.* Part was due to the large increase in market since Feb 2003 and part due to our still stashing cash into retirement savings while DW continues to work - just one more year for her work!
JohnP
__________________
Dad's Dream; to have enough money someday to live the kind of life my wife and kids do...
Life is what happens while you are making other plans... John Lennon...
the more you look, the more you see...
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08-30-2006, 05:43 PM
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#11
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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: 7,939
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Re: NW since FIRE
Hmmm
Net worth up almost five fold in 13 yrs. Good old 'time in the market' AND the 90's were a great decade for both stocks and bonds - aka balanced index.
heh heh heh
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08-30-2006, 07:01 PM
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#12
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Recycles dryer sheets
Join Date: Jun 2006
Posts: 104
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Re: NW since FIRE
My networth increases are not keeping up with expenses.
I have a burn rate of about 3.8%.*
However, I was not counting on the lowest interest rates in decades in my retirement planning.* *
My networth is up so far this year by 11.5% but I am talking on a lot more risk then I am comfortable with.* *:P
But my expenses are rising at a rate of about 12%.* (Biggest expense gainers;* health insurance (32%), dental insurance (29%), property taxes (14%) and electric (8%)). Car repair is up 82% I had to replace all four tires but hopefully that was a one time thing.
Danger Will Robinson Danger.* * 
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08-31-2006, 08:34 AM
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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: Jun 2006
Posts: 12,880
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Re: NW since FIRE
Perhaps a poll on the annualized change in NW would tell us more. A NW that doubles in one month tells a different story from one that doubles in 10 years.
__________________
Al
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08-31-2006, 11:43 AM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Re: NW since FIRE
Quote:
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Originally Posted by TromboneAl
Perhaps a poll on the annualized change in NW would tell us more.* A NW that doubles in one month tells a different story from one that doubles in 10 years.
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Absolutely. If you are retired and your net worth doubled in one month, you took it all to a roulette went and went black.
OTOH, if it doubled in 10 years, you are doing OK.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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08-31-2006, 01:11 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Location: Boise
Posts: 7,167
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Re: NW since FIRE
Quote:
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Originally Posted by Nords
Let's not start up with that crap again.
Everybody just pick two freakin' numbers, no matter whether it accounts for GAAP's version of net worth or your own, even including the NPV of your f*zzy-b*nny futures, and cast your votes.
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Not to add flame to the fire...
My graduate level accounting PhD instructor last night strongly suggested that for personal financial planning purposes, the proper way to do a net worth statement was to add a line at the very bottom for the tax liability that would be incurred if one liquidated all of one's assets and had to pay taxes (including 10% early withdrawal penalties on IRA's, federal and state taxes, etc.). Personally I'll do the work for the class to figure it out, but I think it's next to useless. I've never heard of a business calculating their enterprise value that way.
2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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08-31-2006, 01:51 PM
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#16
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,837
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Re: NW since FIRE
Quote:
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Originally Posted by SecondCor521
My graduate level accounting PhD instructor last night strongly suggested that for personal financial planning purposes, the proper way to do a net worth statement...
I've never heard of a business calculating their enterprise value that way.
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Me either, but he'd fit in well with this crowd.
I wonder if GAAP has ever heard of your instructor.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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