Digger1000
Recycles dryer sheets
- Joined
- May 10, 2017
- Messages
- 121
My NW is up ~200% since I quit work ~11 years ago.
Now you are in very good shape. Meanwhile I (the OP) am just off to a nice start.
My NW is up ~200% since I quit work ~11 years ago.
Reading this thread, an observer may come to the following conclusion:
"The sooner one takes early retirement, the sooner his portfolio can grow".
What if your 18-year-old son or grandson comes up to you and says "I want to retire right now, so my money can grow"?
What if your 18-year-old son or grandson comes up to you and says "I want to retire right now, so my money can grow"?
What Money?
I think what street was talking about was that one could retire early and cash out the pension or 401k in a lump sum and invest it himself to get a better return. But if the 401k plan offers decent MFs for investment choices, then the investment return of that pot of money is not contingent on one cashing it out.
True. But my personal experience was this: While working I paid absolutely no attention to investing other than making sure my 401k was maxed and matched...
But! Once I --involuntarily--RE'd it forced me to come up to speed on Wall St as this was now going to be my primary source of income for the rest of my life.
Maybe an early-early retirement could bring some focus and indeed provide a better outcome than being a stooge who just goes to work every day, oblivious to the finer points of investing.
Just a musing.
marko, I think you have described a lot of people going through their young lives. We were to busy to think of retirement and making a better plan, then just adding to a 401K.
The good thing is, I beleive anyway we all had that frugal/saving gene in us to make it retirement easier then some.
From April 1 of 2020 to March 31 of 2021 the Russell 2000 index increased about 80%.
From April 1 of 2020 to March 31 of 2021 the Russell 2000 index increased about 80%.
Looks like many of us are in similar circumstance judging by the posts. Maybe a slight difference in years or what % one's net worth is up, but most are nicely positive. The last 4-5+ years were very good to those with financial assets. Not sure they will continue over the next 4-5 but hope springs eternal.
And yet I still worry!
Similar for us, as with many here I suspect. But I don’t let it go to my head, as we’ll have a serious pullback sooner or later. In the meantime, WHEE!