Share Your FIRE Milestones - 2021

[pacergal]

Congratulations everyone. No matter how much you have or what your goal is, the key to successful retirement is to be able to have the money to support your personal budget.

Enjoy each day here on Earth--time goes so quickly!

[refi]

Just turned 42 and hit 5M! Woot!

Only have 100 of shares of TSLA [emoji3]

[F.I.R.E User]

Quote:

Originally Posted by refi Just turned 42 and hit 5M! Woot! Only have 100 of shares of TSLA [emoji3]

Majority in index?

[The Cosmic Avenger]

FINALLY hit $4M in investments today! I'm prepared to go below that again, probably many times, but more milestones eventually await!

[refi]

Quote:

Originally Posted by F.I.R.E User Majority in index?

50% nw in equities, 50% of that in indices/funds, 50% in single stocks picks, large cap tech skewed.

[Safire]

Quote:

Originally Posted by refi 50% nw in equities, 50% of that in indices/funds, 50% in single stocks picks, large cap tech skewed.

Got tips?

[F.I.R.E User]

Quote:

Originally Posted by refi 50% nw in equities, 50% of that in indices/funds, 50% in single stocks picks, large cap tech skewed.

Would you still be able to reach this NW or close without single stock picks?

[F.I.R.E User]

Quote:

Originally Posted by The Cosmic Avenger FINALLY hit $4M in investments today! I'm prepared to go below that again, probably many times, but more milestones eventually await!

I guess you can retire today?

[refi]

Quote:

Originally Posted by Safire Got tips?

All this advice will probably sound like any FIRE how-to:

- Limit spend
- Invest and invest early
- Real estate pays if you put in the work
- Increase pay
- Side hustles
- Diversify
- Hold on to assets during down cycles

With all this being said, be happy w/ your journey. I can say that I was happier at $100k than $5M; i was less obsessed with hitting numbers.

[refi]

Quote:

Originally Posted by F.I.R.E User Would you still be able to reach this NW or close without single stock picks?

Yes, most of my gains have been in the past few years, but a lot of it was from consistently putting into my 401k and maxing out.

The more recent bull runs in the past years have helped for single picks, but it hasn't been astronomically more than if I had just put money into the S&P early and just let it grow. I'm actually down vs market this year. Hard to beat the market consistently. It's "fun" to try?

[HawaiiShrimp]

Quote:

Originally Posted by finnski1 Wow. You've got about 99% of your liquid investments in one stock. TSLA right now is at about($1162x 19000) 22,078,000. As incredible as it's done I'd be pretty nervous with that AA. But I am obviously a lot more conservative than you.

Yes, I agree. I recommend others to just buy Index Funds (e.g. SPY) and don't bother buying individual stocks. I was an Index fund guy also until I discover Tesla's potential and growth. I have done my homework and studied deep into Tesla before committing my initial $1M investment into it. I let my stock run. I don't take my stock off the table just because it wins too much. I have no plan to sell a single share for at least a decade or two. Most people failed to do that and they want to "lock-in profit" too soon. That's losing out on compounded growth.

At the moment, I am at $26M net worth with about $25M in stock+real estates. I am not recommending others to follow my approach. But, I have done my homework. Good luck with your FIRE journey also!

Note: Screenshot for reference in case people think I'm lying.
https://imgur.com/0WBdBRL

[HawaiiShrimp]

Quote:

Originally Posted by refi Just turned 42 and hit 5M! Woot! Only have 100 of shares of TSLA [emoji3]

Congrats!!

[The Cosmic Avenger]

Quote:

Originally Posted by F.I.R.E User I guess you can retire today?

We could, thanks! But we're going to be paying private college tuition for another 2.5 years, and we don't qualify for financial aid, so we've decided to keep working a little longer. As it is, our Fido retirement planner score had crept up to 135, so I upped our travel budget to $48K/yr, and now we're at 110.

[AginMS]

Woot woot! Just hit the $2M milestone for our invested assets - never dreamed we'd be 'multi-millionaires'. Funny thing though, with the 4% rule firmly fixed in my mind, I think of this as 'only' $80K per year.

The truly amazing thing is, it took DW and me 27 years to accumulate $1M in investments (1992-2019) and in less than 3 years we've somehow managed to double it - unbelievable.

Our plan is to work 4-5 more years with a goal of $3M invested assets (or more).

Good luck everyone and stay the course!

[HawaiiShrimp]

Quote:

Originally Posted by AginMS Woot woot! Just hit the $2M milestone for our invested assets - never dreamed we'd be 'multi-millionaires'. Funny thing though, with the 4% rule firmly fixed in my mind, I think of this as 'only' $80K per year. The truly amazing thing is, it took DW and me 27 years to accumulate $1M in investments (1992-2019) and in less than 3 years we've somehow managed to double it - unbelievable. Our plan is to work 4-5 more years with a goal of $3M invested assets (or more). Good luck everyone and stay the course!

Congrats! You will probably get there in 2-3 years.

[AginMS]

Thanks Hawaii Shrimp. I think (hope) so too, but I don't want to get too far over my ski's. Planning conservatively. We'll also continue contributing close to $100K each year, so I think we should get there barring any major issues in the markets.

[street]

Quote:

Originally Posted by AginMS Woot woot! Just hit the $2M milestone for our invested assets - never dreamed we'd be 'multi-millionaires'. Funny thing though, with the 4% rule firmly fixed in my mind, I think of this as 'only' $80K per year. The truly amazing thing is, it took DW and me 27 years to accumulate $1M in investments (1992-2019) and in less than 3 years we've somehow managed to double it - unbelievable. Our plan is to work 4-5 more years with a goal of $3M invested assets (or more). Good luck everyone and stay the course!

That is awesome I wish you well to meet your goals.

[F.I.R.E User]

Quote:

Originally Posted by AginMS Woot woot! Just hit the $2M milestone for our invested assets - never dreamed we'd be 'multi-millionaires'. Funny thing though, with the 4% rule firmly fixed in my mind, I think of this as 'only' $80K per year. The truly amazing thing is, it took DW and me 27 years to accumulate $1M in investments (1992-2019) and in less than 3 years we've somehow managed to double it - unbelievable. Our plan is to work 4-5 more years with a goal of $3M invested assets (or more). Good luck everyone and stay the course!

$8M in 8 years?

[Safire]

Quote:

Originally Posted by refi All this advice will probably sound like any FIRE how-to: - Limit spend - Invest and invest early - Real estate pays if you put in the work - Increase pay - Side hustles - Diversify - Hold on to assets during down cycles With all this being said, be happy w/ your journey. I can say that I was happier at $100k than $5M; i was less obsessed with hitting numbers.

I meant more in terms what your individual stock / fund picks were, but ok. Thanks.

[Dash man]

This is the first year our investments have increased by more than $1M on their own.