So what comes after "Enough"

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TheTimeLord
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So what comes after "Enough"

Post by TheTimeLord »

Over the last 3 years with VTI returning 31.67%, 21.03% and 25.67% I am sure there are lots of BH who have gone from "Enough" to well north of enough. So how has getting to whatever comes after "Enough" changed your investing or did you just leave things the way they were?
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010101
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Re: So what comes after "Enough"

Post by 010101 »

I have found that “Enough” is a mirage and the closer you get, the further away it looks.
- When I was much younger, I dreamed of $1M. Then I got married and bought a house and was amazed at how much debt I was in.
- I got older and wiser and dreamed of $5M. Surely that was enough money to retire and sail away. Then we had a baby, got a bigger house and I was amazed at how expensive children were.
- I got even older and thought that when we hit $10M, surely then there would be enough money. That day has come and gone.

If anything, I’ve gotten even more aggressive in allocation as time has gone on.
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JoeRetire
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Re: So what comes after "Enough"

Post by JoeRetire »

So what comes after "Enough"
More than enough.
So how has getting to whatever comes after "Enough" changed your investing or did you just leave things the way they were?
I changed nothing.
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SimpleGift
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Re: So what comes after "Enough"

Post by SimpleGift »

TheTimeLord wrote: Sun Jan 16, 2022 2:24 pm So how has getting to whatever comes after "Enough" changed your investing...
The biggest change for us has been, instead of rebalancing from stocks into bonds in recent years, we've more often been rebalancing out of stocks into our donor-advised fund.

Reaching "enough," we now have the opportunity to share our good fortune with non-profits and other organizations that are working to make the planet a better place.
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arcticpineapplecorp.
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Re: So what comes after "Enough"

Post by arcticpineapplecorp. »

your question doesn't apply to me because i don't yet have "enough" monetarily speaking (i've got enough in other ways). but i'll play along with some ideas...

if you have enough or more than enough you've won the game and you can stop playing.

what comes after this? enjoy life and the security you've created for yourself and others. Get a hobby. Volunteer and give back. And so on. Do the things you never did but always wanted to. Life's short.

i guess one reason people not be sure if enough really is enough is inflation can change the goalposts. if you needed the proverbial $1 million last year to retire, don't you need 1,070,000 this year to retire? (obviously stocks should keep pace with that inflation over time, but anything is possible in the interim).

no matter how much money people have, not only do they want more, but they probably feel they need twice as much money as they currently have. In one study, “The Joys and Dimensions of Wealth” by Paul G. Schervish, even people who had at least $25 million felt they needed 25% more.

Author Robert Frank noted in his 2007 book, Richistan, “20 percent of households with between $1 million and $10 million in assets in 2004 spent all their income – or more.” http://www.theatlantic.com/magazine/arc ... ch/308419/
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Re: So what comes after "Enough"

Post by TomatoTomahto »

After Enough, we put a significant amount of money in Bonds and Stable Value Funds (mostly in tax deferred accounts). All “new” money goes to Equties, a mix of Domestic and International depending on mood. I also decided to throw away my sharpened pencils; math makes my head hurt.
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Re: So what comes after "Enough"

Post by AnnetteLouisan »

After Enough, the holy grail is good blood pressure and preventing joint pain. May the force be with you on those quests.

Then it’s the Charity Circuit.

Then the next biggie is More Time.
Last edited by AnnetteLouisan on Sun Jan 16, 2022 5:21 pm, edited 2 times in total.
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fetch5482
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Re: So what comes after "Enough"

Post by fetch5482 »

What comes after "Enough"?
Greed

Don't ask me how I know :-P
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Bwise1
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Re: So what comes after "Enough"

Post by Bwise1 »

This has always stuck in my head. It’s from an interview that probably never happened.

How much money is enough money?

John D. Rockefeller answer “Just a little bit more.”
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Re: So what comes after "Enough"

Post by Svensk Anga »

I'm just waiting for Mr. Market to adjust our portfolio back to enough.
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Re: So what comes after "Enough"

Post by fortunefavored »

I was on the cusp pre-covid.. the rallies pushed me quite past. so I dumped my career and moved to the sticks.

No change in investment plans, other than sitting on too much cash (although still part of my fixed income AA.)

And not working or being involved in any way with megacorps is amazing. You forget how unnatural, artificial and evil the whole thing is when you're up to your neck in alligators all day every day.
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Re: So what comes after "Enough"

Post by carminered2019 »

My investment portfolio is 79X and still plugging away with high equities. LEGACY but help the less fortunate people in the process !!!!!
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Re: So what comes after "Enough"

Post by MN-Investor »

What comes after Enough?

Sharing.

One of my sisters who is just older than me is a fantastic knitter. For years she knitted easy-care baby blankets for a non-profit. Almost four years ago my husband unexpectedly passed away at age 63. A month later my sister sent me an afghan that she had knitted for my sweetie. She explained that she had specified in her will that he should be given this afghan. He never got to see it. I figure my wealth is like that. Yes, I can just leave my money to my heirs in my will. But I really, really have enough that I can start making a difference now when my loved ones can appreciate the help. So that's what I'm doing.
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Re: So what comes after "Enough"

Post by wabbott »

Bwise1 wrote: Sun Jan 16, 2022 3:31 pm This has always stuck in my head. It’s from an interview that probably never happened.

How much money is enough money?

John D. Rockefeller answer “Just a little bit more.”
Jacob Moore (Shia LaBeouf) questions Bretton James (Josh Brolin) in Wall Street: Money Never Sleeps.

Moore: "Everybody has a number, and it's usually an exact number, so what is yours?"
James: "More."
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Re: So what comes after "Enough"

Post by lobsterman2112 »

TheTimeLord wrote: Sun Jan 16, 2022 2:24 pm Over the last 3 years with VTI returning 31.67%, 21.03% and 25.67% I am sure there are lots of BH who have gone from "Enough" to well north of enough. So how has getting to whatever comes after "Enough" changed your investing or did you just leave things the way they were?
After "Enough" is "Enough for the kids". Not that they'll get it for a long time, but I hope to pay for their educations and chip in for their bigger expenses in life.

I do plan to get more aggressive in my investing now that I've hit "Enough". Increase my stocks while keeping my bonds at a fixed dollar amount.

When you hit "Enough", your need to take on more risk goes down, but your ability to take on more risk goes up.
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Re: So what comes after "Enough"

Post by climber2020 »

TheTimeLord wrote: Sun Jan 16, 2022 2:24 pm So how has getting to whatever comes after "Enough" changed your investing or did you just leave things the way they were?
Fewer hours at the office, slightly more conservative portfolio (more bonds). Moved the goalposts a little bit.
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Re: So what comes after "Enough"

Post by carminered2019 »

lobsterman2112 wrote: Sun Jan 16, 2022 4:03 pm After "Enough" is "Enough for the kids". Not that they'll get it for a long time, but I hope to pay for their educations and chip in for their bigger expenses in life.

I do plan to get more aggressive in my investing now that I've hit "Enough". Increase my stocks while keeping my bonds at a fixed dollar amount.

When you hit "Enough", your need to take on more risk goes down, but your ability to take on more risk goes up.
+1,000
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Re: So what comes after "Enough"

Post by Jazztonight »

Personally, I firmly believe in the concept of "enough" and feel that DW and myself do indeed have enough.

I have not changed my AA over the last 10+ years, and only occasionally have re-balanced. It's not that I live particularly frugally. Rather, I can afford what I purchase, including planning for world cruises, which are pretty pricey.

Because of health/mobility issues, DW just can't travel the way we used to; thus cruises work for us.

I remember sitting at a table with some fellow diners on a cruise ship years ago and a few people were comparing what they paid for that particular cruise. One guy smiled and said, "Hell, I didn't pay for this cruise." He waited a beat and then added, "My children are paying for the cruise out of their inheritance. They just don't know it."

And that's my attitude. I drive a 2001 Camry, and live in a nice apartment with a nice view, all paid for except monthly fees. We now have our groceries delivered; I exercise at home (no gym fees and I'll bet I work out more than you do! LOL). I probably have all the clothing I'll ever need for the rest of my life. We have good health care and long-term care insurance. I'd say we pretty much do what we want to do.

I have friends my age (70s) who are still trying to monetize every damned thing they do. If this gives them joy, God bless 'em!

My own activities involve health maintenance and mental, physical, and cultural enrichment (foreign language study and music performance). That's what having "enough" is all about, to me. YMMV.
"What does not destroy me, makes me stronger." Nietzsche
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Re: So what comes after "Enough"

Post by minimalistmarc »

I’m keeping my equity allocation near 100%. I’m too far away from retirement age to quit now and need a good crash to get me back down to less than enough to keep me motivated.
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Re: So what comes after "Enough"

Post by GerryL »

JoeRetire wrote: Sun Jan 16, 2022 2:39 pm
So what comes after "Enough"
More than enough.
So how has getting to whatever comes after "Enough" changed your investing or did you just leave things the way they were?
I changed nothing.
Ditto.
I aimed for Enough and entered retirement with More Than Enough. Did not change my investment strategy, but I did significantly increase my annual allowance. (But have yet to spend all of my allowance in any year.)
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Re: So what comes after "Enough"

Post by mike@jb »

fortunefavored wrote: Sun Jan 16, 2022 3:33 pm I was on the cusp pre-covid.. the rallies pushed me quite past. so I dumped my career and moved to the sticks.

No change in investment plans, other than sitting on too much cash (although still part of my fixed income AA.)

And not working or being involved in any way with megacorps is amazing. You forget how unnatural, artificial and evil the whole thing is when you're up to your neck in alligators all day every day.
When I read this post, I thought I had written it :sharebeer
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Re: So what comes after "Enough"

Post by Prokofiev »

As our net worth has increased, our stock allocation has gone down. This seems only rational.
I have invested in augmenting my TIPS ladder to provide inflation adjusted income over the next 20-25 years.
I now know that I have more than enough and staying rich is more important than becoming yet richer. Presently
at 43% stocks. We have no kids or heirs that we are saving for.

If enough is not enough, you need to revisit the definition of the word. I used to think I could always use an extra
million$ or so for some new adventure, business or hobby. But at some point in life, you simply can't improve your
happiness. We travel at least 3 months a year, have all the house we will ever want and do whatever we please.
Peace of mind is now far more important than making more money.
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Re: So what comes after "Enough"

Post by friar1610 »

An old story you’ve probably seen…

At a party given by a billionaire on Shelter Island, the late Kurt Vonnegut informs his pal, author Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel, Catch-22, over its whole history. Heller responds, “Yes, but I have something he will never have – enough.”
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Re: So what comes after "Enough"

Post by Jazztonight »

Prokofiev wrote: Sun Jan 16, 2022 4:30 pm As our net worth has increased, our stock allocation has gone down. This seems only rational.
I have invested in augmenting my TIPS ladder to provide inflation adjusted income over the next 20-25 years.
I now know that I have more than enough and staying rich is more important than becoming yet richer. Presently at 43% stocks. We have no kids or heirs that we are saving for.

If enough is not enough, you need to revisit the definition of the word. I used to think I could always use an extra million$ or so for some new adventure, business or hobby. But at some point in life, you simply can't improve your happiness. We travel at least 3 months a year, have all the house we will ever want and do whatever we please.
Peace of mind is now far more important than making more money.
+1 You said it well, brother!
"What does not destroy me, makes me stronger." Nietzsche
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Re: So what comes after "Enough"

Post by AlphaLess »

010101 wrote: Sun Jan 16, 2022 2:38 pm I have found that “Enough” is a mirage and the closer you get, the further away it looks.
- When I was much younger, I dreamed of $1M. Then I got married and bought a house and was amazed at how much debt I was in.
- I got older and wiser and dreamed of $5M. Surely that was enough money to retire and sail away. Then we had a baby, got a bigger house and I was amazed at how expensive children were.
- I got even older and thought that when we hit $10M, surely then there would be enough money. That day has come and gone.

If anything, I’ve gotten even more aggressive in allocation as time has gone on.
The big picture I see here is that "Expenses" are a moving target.
Marriage
House
Furniture
Vacations
Kids

Are all expensive.

But data don't lie. When kids leave, and you have an empty nest, it gets cheaper.
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Re: So what comes after "Enough"

Post by AlphaLess »

friar1610 wrote: Sun Jan 16, 2022 4:48 pm An old story you’ve probably seen…

At a party given by a billionaire on Shelter Island, the late Kurt Vonnegut informs his pal, author Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel, Catch-22, over its whole history. Heller responds, “Yes, but I have something he will never have – enough.”
Enough said!
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Re: So what comes after "Enough"

Post by AllMostThere »

I pulled plug Jan 2021 and DW plans on pulling plug May 2022. We both agree that we have "enough", but we have yet to dip into our retirement accounts as DW is still working. We have exceeded our target "number" by 50%, and we are NOT making any changes to our 60/40 AA. I keep telling DW we are good, but she is still leery. I'm sure that will change her first week of retirement.
Last edited by AllMostThere on Sun Jan 16, 2022 5:32 pm, edited 1 time in total.
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Re: So what comes after "Enough"

Post by warner25 »

TheTimeLord wrote: Sun Jan 16, 2022 2:24 pm Over the last 3 years with VTI returning 31.67%, 21.03% and 25.67% I am sure there are lots of BH who have gone from "Enough" to well north of enough...
Svensk Anga wrote: Sun Jan 16, 2022 3:32 pm I'm just waiting for Mr. Market to adjust our portfolio back to enough.
Yeah, I personally haven't reached "enough," but I'd have a hard time declaring victory under these conditions if I just recently arrived at that mark.

S&P 500 inflation adjusted earnings are up 60% from the high prior to the 2007-2009 collapse, so that's real growth, but prices are up 200% and that just feels illusory to me. Despite a relatively conservative asset allocation with a good helping of international stocks, my net worth is now several years ahead of my projections. I think I'll stick to the projected numbers to determine when I have "enough."
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Re: So what comes after "Enough"

Post by Wricha »

When I am done with stuff, anything left over is for a non profit. So making that number bigger in the future has limited appeal. Almost two years ago March 2020 I sold a second home and bought a much bigger place. Because, the market had been extremely kind. Fast forward to now and the market is even better and that much bigger house just about doubled. 😳 Now I am making deals with God that I will be a better person if you just keep the market even!
Last edited by Wricha on Sun Jan 16, 2022 5:19 pm, edited 1 time in total.
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Re: So what comes after "Enough"

Post by nalor511 »

AnnetteLouisan wrote: Sun Jan 16, 2022 3:25 pm After Enough, the holy grail is good blood pressure and preventing joint pain. May the force be with you on those quests.

Then the next biggie is More Time.
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Re: So what comes after "Enough"

Post by itsmeagain »

With more than enough, we give to those in need and to heirs (above the annual gift-tax exclusion limit).

A donor-advised fund simplifies the former. Yay for simplicity!

Gift-tax returns complicate the latter, but they're worth it and not really that difficult. (However, record-keeping becomes an issue.) If one can do so, and if your heirs are responsible with money (as ours are), then let them have some of it while it's most useful for them for buying homes, growing families, and establishing careers.

I'm very happy with these two decisions.
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Re: So what comes after "Enough"

Post by LadyGeek »

This is a "family friendly" environment. Not just for language, but subject matter as well.

I removed a post and several replies on a topic intended for adults. (The language was fine.)
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Re: So what comes after "Enough"

Post by Apathizer »

I'm probably a few years away from enough. When I get there I'll probably maintain a consistent 45% stocks/55% bonds allocation. I'm not greedy, so when I get enough, it will really be enough.
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Re: So what comes after "Enough"

Post by tibbitts »

itsmeagain wrote: Sun Jan 16, 2022 5:30 pm With more than enough, we give to those in need and to heirs (above the annual gift-tax exclusion limit).

A donor-advised fund simplifies the former. Yay for simplicity!

Gift-tax returns complicate the latter, but they're worth it and not really that difficult. (However, record-keeping becomes an issue.) If one can do so, and if your heirs are responsible with money (as ours are), then let them have some of it while it's most useful for them for buying homes, growing families, and establishing careers.

I'm very happy with these two decisions.
Presumably, if you have individuals vs. qualified charities that you want to gift to, you can give them those appreciated shares the OP mentioned (vs. cash), and avoid capital gains taxes (since the person you give them to wouldn't have enough income to pay capital gains taxes.)
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Re: So what comes after "Enough"

Post by quantAndHold »

I got to “enough” in 2017, and promptly quit my job. Now, not surprisingly, my withdrawal rate is sub 2%. That is never what I intended.

The problem I have, though, is, is this just a phase, and are we lined up for a big crash in the next 5 years? If it is, then I have enough, but not really more than that, at least not yet. If the big crash doesn’t happen, then clearly, I’ll need to make some changes (probably a combination of spending a bit more and giving it away faster). But for now, I’m just continuing on as if nothing happened.

So yeah, I have more than enough. But I’m still nervous.
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Re: So what comes after "Enough"

Post by 02nz »

fortunefavored wrote: Sun Jan 16, 2022 3:33 pm I was on the cusp pre-covid.. the rallies pushed me quite past. so I dumped my career and moved to the sticks.

No change in investment plans, other than sitting on too much cash (although still part of my fixed income AA.)

And not working or being involved in any way with megacorps is amazing. You forget how unnatural, artificial and evil the whole thing is when you're up to your neck in alligators all day every day.
I'm only being half cheeky: Is "up to your neck in alligators all day every day" a reference to your Megacorp or post-Megacorp life? :happy
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Re: So what comes after "Enough"

Post by fortunefavored »

02nz wrote: Sun Jan 16, 2022 6:31 pm
fortunefavored wrote: Sun Jan 16, 2022 3:33 pm I was on the cusp pre-covid.. the rallies pushed me quite past. so I dumped my career and moved to the sticks.

No change in investment plans, other than sitting on too much cash (although still part of my fixed income AA.)

And not working or being involved in any way with megacorps is amazing. You forget how unnatural, artificial and evil the whole thing is when you're up to your neck in alligators all day every day.
I'm only being half cheeky: Is "up to your neck in alligators all day every day" a reference to your Megacorp or post-Megacorp life? :happy
Ha ha, I meant during my megacorp days. You just don't see how bad it is when you're constantly working 60 hours/week running around like crazy.

Now I mostly ensure I walk the dog. :) He rarely demands ethically dubious decisions!
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Re: So what comes after "Enough"

Post by 02nz »

fortunefavored wrote: Sun Jan 16, 2022 6:35 pm
02nz wrote: Sun Jan 16, 2022 6:31 pm
fortunefavored wrote: Sun Jan 16, 2022 3:33 pm I was on the cusp pre-covid.. the rallies pushed me quite past. so I dumped my career and moved to the sticks.

No change in investment plans, other than sitting on too much cash (although still part of my fixed income AA.)

And not working or being involved in any way with megacorps is amazing. You forget how unnatural, artificial and evil the whole thing is when you're up to your neck in alligators all day every day.
I'm only being half cheeky: Is "up to your neck in alligators all day every day" a reference to your Megacorp or post-Megacorp life? :happy
Ha ha, I meant during my megacorp days. You just don't see how bad it is when you're constantly working 60 hours/week running around like crazy.

Now I mostly ensure I walk the dog. :) He rarely demands ethically dubious decisions!
:beer
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Re: So what comes after "Enough"

Post by WoodSpinner »

TheTimeLord wrote: Sun Jan 16, 2022 2:24 pm Over the last 3 years with VTI returning 31.67%, 21.03% and 25.67% I am sure there are lots of BH who have gone from "Enough" to well north of enough. So how has getting to whatever comes after "Enough" changed your investing or did you just leave things the way they were?
We have just left things generally alone, but:
- Significantly increased gifting to family
- Significantly increased Charitable donations
- Added more family trips to our vacation plans (e.g. upped our spending).

Very cognizant of having enough and focusing on enjoying life, retirement, family and friends.



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Re: So what comes after "Enough"

Post by doobiedoo »

AlphaLess wrote: Sun Jan 16, 2022 4:50 pm
010101 wrote: Sun Jan 16, 2022 2:38 pm I have found that “Enough” is a mirage and the closer you get, the further away it looks.
- When I was much younger, I dreamed of $1M. Then I got married and bought a house and was amazed at how much debt I was in.
- I got older and wiser and dreamed of $5M. Surely that was enough money to retire and sail away. Then we had a baby, got a bigger house and I was amazed at how expensive children were.
- I got even older and thought that when we hit $10M, surely then there would be enough money. That day has come and gone.

If anything, I’ve gotten even more aggressive in allocation as time has gone on.
The big picture I see here is that "Expenses" are a moving target.
Marriage, House, Furniture, Vacations, Kids
...
But data don't lie. When kids leave, and you have an empty nest, it gets cheaper.
Yes, I went thru that. And it's easy to get on the treadmill of bigger houses, better vacations, more this, more that.
But at some point, you have to limit expenses if you want financial independence. That means the house is big enough, no additional kids, don't need a boat, etc.

Prokofiev says it well.
Jazztonight wrote: Sun Jan 16, 2022 4:50 pm
Prokofiev wrote: Sun Jan 16, 2022 4:30 pm ...
If enough is not enough, you need to revisit the definition of the word. I used to think I could always use an extra million$ or so for some new adventure, business or hobby. But at some point in life, you simply can't improve your happiness. We travel at least 3 months a year, have all the house we will ever want and do whatever we please.
Peace of mind is now far more important than making more money.
A second factor is that your initial "number" is likely to be optimistic, i.e. low. The 25x expenses number is the standard, but everyone would feel better and more comfortable if that number was higher. So the number [goalpost] gets moved in order to lower risk. Nothing wrong with that the first time it happens.

But it does mean it's time to pick a number that you *ARE* comfortable with. Just like with expenses, if you keep moving the goalposts, you are only fooling yourself. The key is to pick a number *YOU* are comfortable with -- 25x, 40x, 50x, 75x, 100x?


And I agree with lobsterman2112 below.
lobsterman2112 wrote: Sun Jan 16, 2022 4:03 pm ...
I do plan to get more aggressive in my investing now that I've hit "Enough". Increase my stocks while keeping my bonds at a fixed dollar amount.
When you hit "Enough", your need to take on more risk goes down, but your ability to take on more risk goes up.
I lowered my equity allocation when I retired because I was worried about sequence risk. When SORR didn't happen and my portfolio and net worth went up instead, I went to a higher equity allocation. Equity risk is of less concern to me now than at any point in my financial life.
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Re: So what comes after "Enough"

Post by willthrill81 »

TheTimeLord wrote: Sun Jan 16, 2022 2:24 pm Over the last 3 years with VTI returning 31.67%, 21.03% and 25.67% I am sure there are lots of BH who have gone from "Enough" to well north of enough. So how has getting to whatever comes after "Enough" changed your investing or did you just leave things the way they were?
We aren't FI yet, but we're already thinking about what we'll do once we reach that level. I long 'knew' that I would hit the door quickly, but when I think about how many literal lives could be saved by my continuing to work and donate the surplus, I no longer know what I'll do. :?
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Re: So what comes after "Enough"

Post by tetractys »

TheTimeLord wrote: Sun Jan 16, 2022 2:24 pm Over the last 3 years with VTI returning 31.67%, 21.03% and 25.67% I am sure there are lots of BH who have gone from "Enough" to well north of enough. So how has getting to whatever comes after "Enough" changed your investing or did you just leave things the way they were?
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Re: So what comes after "Enough"

Post by 59Gibson »

We earned more than our expenses in p/t work in 2021, didn't even touch 42x portfolio. We are making use of the $ by upgrading/repairing/ improving some things in house..wardrobe, shoes, tv, appliances, paint, probably 1 vehicle. Things that won't have to be dealt with again for 8-10 yrs.
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Re: So what comes after "Enough"

Post by Stormbringer »

I would say that after "enough" comes a "margin of safety". Meeting your goal in the 12th year of a bull market feels a bit tentative.
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Re: So what comes after "Enough"

Post by AnnetteLouisan »

59Gibson wrote: Sun Jan 16, 2022 8:30 pm We earned more than our expenses in p/t work in 2021, didn't even touch 42x portfolio. We are making use of the $ by upgrading/repairing/ improving some things in house..wardrobe, shoes, tv, appliances, paint, probably 1 vehicle. Things that won't have to be dealt with again for 8-10 yrs.
Is the X everyone’s referring to “anticipated residual expenses in retirement”, or current spend, or anticipated spend in retirement plus taxes?
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Re: So what comes after "Enough"

Post by KlangFool »

OP,

After "enough", for every 60K increase in my portfolio, I withdraw 30K to pay down my mortgage.

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Re: So what comes after "Enough"

Post by 59Gibson »

AnnetteLouisan wrote: Sun Jan 16, 2022 8:34 pm
59Gibson wrote: Sun Jan 16, 2022 8:30 pm We earned more than our expenses in p/t work in 2021, didn't even touch 42x portfolio. We are making use of the $ by upgrading/repairing/ improving some things in house..wardrobe, shoes, tv, appliances, paint, probably 1 vehicle. Things that won't have to be dealt with again for 8-10 yrs.
Is the X everyone’s referring to “anticipated residual expenses in retirement”, or current spend, or anticipated spend in retirement plus taxes?

I use an avg for last 4-5 yrs + little additional for anticipated expenses.
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Re: So what comes after "Enough"

Post by rxtra8 »

TheTimeLord wrote: Sun Jan 16, 2022 2:24 pm Over the last 3 years with VTI returning 31.67%, 21.03% and 25.67% I am sure there are lots of BH who have gone from "Enough" to well north of enough. So how has getting to whatever comes after "Enough" changed your investing or did you just leave things the way they were?
It is difficult to know when you have reached "Enough" and more so as we live in interesting times. For DW and myself "Enough" is when you feel comfortable and do not worry about money. But as Gandalf said "For even the very wise cannot see all ends.”

There are many big things in the world that you have no control over. What we can control is to maintain a conservative allocation than runs between 30-40% equities with hopes to keep up with inflation. But even so, there always remains some worry even if you have a zero withdrawal rate. As such what I believe comes next is as "AnnetteLouisan" posted (I somewhat paraphrase):

"After Enough, the holy grail is good blood pressure and preventing joint pain.
Then the next biggie is More Time."

I agree; "next" is health and the time to enjoy it and the attitude to strive for both.
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Re: So what comes after "Enough"

Post by Peculiar_Investor »

gas_balloon wrote: Sun Jan 16, 2022 3:27 pm What comes after "Enough"?
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According to the Merriam-Webster dictionary the answer is enounce 8-)
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Re: So what comes after "Enough"

Post by J295 »

100% equities and working.
Enough at 53
Retired and went to 60%
Drifted next 9 years to 50% and holding pattern
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