Retirement Targets
- Thread starter yowza
- Start date
I just checked mine yesterday, for something else.
From the bottom in mid April 2020, to yesterday, overall portfolio (rollover, Roth, and 401k) up 50.5%. Feels good, although not completely sure what the indexes are up over that specific timeframe. Mine could be better or worse than "market". I'm very heavy equities including internationals and smalls, not much bonds really.
Checked. Since April, SP500 and EAFE up 40%. Russell2000 up 85%. So my results are right in there.
From the market bottom in March, SP500 up ~70%, Russell up over 120%. Don't take your money out at the bottom and wait til it's "safe" to get back in...
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8.8% YTD
33.96% 3 months
9.9% one month
no options all stocks
13% cash was at 5% since November until a week ago. I seem to always sell huge gains. I am chastised by some for doing so. I had 300 shares of ZM last April 1st by September I was down to 20 now 10 shares. Oh well.
Same here, right now I am on track to be able to retire at 55 financially but I work a W2 job and self employed and enjoy both. If my son and daughter want to take over my business eventually and are close by then I'll probably never actually stop doing what I do.
The bold part is my regret, didnt start really until I was 30 for the long terms.
This is why you lease. Buying a depreciating asset is buying a depreciating asset. Let the leasing company take on the depreciation. Just plug in “used boat” for “used car” and ask yourself how silly that sounds.
Been having the exact same thoughts. For a long time thinking I would work until I was 70. As people have died, some in their 60s, you know I want to be sure the family is set if I go early, but maybe chasing things to get to absolute certainty isn't the best way to go. I am going for 100% income replacement, which I know most would say that is too high, but would be nice just to be able to park the car and make the same $ from investments until I take the eternal dirt nap.
I always have a used vehicle inspected thoroughly and use that to negotiate. Also I always pull the car fax. I know someone could say well I changed the oil myself, and maybe I accept that if I know the person and know they are meticulous.
One of Biden's ideas was to lower Medicare age to 60. One would think that would peal off some Republicans to get that through. Obviously with some sort of funding increases.
I am sure others are on here like me and check their stuff every day, and I know there are times I should just let it go for a while and not pay that close attention. I don't trade often but I do usually check balances once a day when markets are open.
I can't say the last 6 months but in March I opened a Raymond James investment account and a Roth
In June I rolled over one old IRA and in July I rolled over an old 401k
Overall the total account is up 32%
In June I rolled over one old IRA and in July I rolled over an old 401k
Overall the total account is up 32%
my 12 month return is 18.74% which is nice
YTD is only 5.7%
but on the good news I have 5 figures in a couple private stocks up 275%
YTD is only 5.7%
but on the good news I have 5 figures in a couple private stocks up 275%
Speaking from experience. If you end up in a care facility it takes a shockingly huge amount of money. In laws were successful solid middle class folks and he worked in the financial sector which included investments and retirement planning. They had a policy that provided long term care money along with his military stipend and their savings. They were well insured. He was in and out of the hospital and full care facility early but eventually they both went into an assisted living facility basically at the same time. He passed a year or so ago and it has been about five years since they went in and I hope the money does not run out for my mother-in-law but it very well could. I read several years ago that due to our medical expertise and EMT services in this country that over 95% of us do not die at home. Which means when you are looking at your investments and thinking of the luxurious lifestyle you will enjoy in retirement that there is a dark side to take into consideration. I'm just glad they never spent an extended period in a full care facility which are far more expensive than assisted living.
What kind of 1 year old cars are you getting for <$14k? Quick internet search only shows Chevy Spark/Sonics at that price. Even things like Kia Optima/Hyundai Accent are over that (I'm sure you could talk them down to maybe $13,500) - don't seem to be a whole lot of options. Unless you just scour the private market.
An inspection and the Carfax are really only going to get you so far when buying a used car. Carfax doesn't pull information from insurance companies, which is really the only useful information - making it not super useful for a car buying decision. For an inspection, unless a really good friend offers to do it, and knows all brands of cars inside and out (they don't), you're still only inspecting parts of the car. From electronic systems to sealed transmissions, to opinions on wearable parts - they can really only tell you so much (or sell you on repairs needed, since that is their job). Cars really boil down to plain dumb luck a lot of times. I've seen plenty of instances where new cars have major issues and older cars (even without proper maintenance) run for a long time.
There's a couple of questions to ask yourself when dealing with car purchases. One is - what's it going to be used for? My car is a high mileage Nissan that gets me from A to B. My wife's is /was a new Explorer because we have a kid and another on the way. In my opinion, if you can afford a safer/new or newer vehicle - you'd be insane to put kids in an older vehicle. Besides the safety advancements - have you ever looked at the frame of even a 1-year-old car that's been driven in the state of Iowa?
Another factor is psychology. The average car buyer trades in their vehicle every 2 to 3 years. It's just psychologically when people get the urge. If you're one of these people (which is most people) and you drive less than ~20k miles/year - you're money ahead leasing cars.
When I wrote that I hadn't bought a car since 2013 hence the level. Wife wanted a new car so bought a 2019 Toyota Camry Hybrid in Oct, 2020. Paid over $24k for that. I did say I drive them for 10+ years.
That would be AWESOME! sign me up today (OK, not today but in a couple of years). You have to think that would open up the job market a lot too, with people like me that would retire at 60 if health insurance isn't as much of an issue. Lot of jobs us boomers are sitting on become available for you children
This leads to a conversation I have with a lot of people - balancing now and then. Most people are terrible at saving any money at all - but, it's nearly just as foolish to save so much that you don't get any life experiences until you are in your 50s, 60s, or 70s.
