2020 Net Worth

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
Topic Author
TravelforFun
Posts: 2299
Joined: Tue Dec 04, 2012 11:05 pm

2020 Net Worth

Post by TravelforFun »

How did you do this year net-worth wise? Please do not include your primary home equity in calculating your net worth. I'm in my first year of retirement and very pleased to report that my NW went up 40% even after withdrawals for living expenses. Thus, I escaped the dreaded sequence of return risk in Year 1. Let's see what 2021 will bring.

TravelforFun
alexL
Posts: 68
Joined: Tue Dec 29, 2020 6:32 pm

Re: 2020 Net Worth

Post by alexL »

congratulations! +20% in my case. Surprsing to see the number myself.

What investment could bring 40% increase?
runner3081
Posts: 3929
Joined: Mon Aug 22, 2016 3:22 pm

Re: 2020 Net Worth

Post by runner3081 »

Not sure, had planned to check tomorrow. I am estimating about 20%. Will report back once done.
crinkles2
Posts: 103
Joined: Fri Nov 28, 2014 8:18 pm

Re: 2020 Net Worth

Post by crinkles2 »

Ours is up 10.2% for the year, not including home equity.

Overall net worth is up 3.55% for the year.
Topic Author
TravelforFun
Posts: 2299
Joined: Tue Dec 04, 2012 11:05 pm

Re: 2020 Net Worth

Post by TravelforFun »

alexL wrote: Thu Dec 31, 2020 9:13 pm congratulations! +20% in my case. Surprsing to see the number myself.

What investment could bring 40% increase?
20% is great. I have quite a bit of tech stocks (Amazon, Tesla, Apple) and a key mutual fund (Fidelity Select Technology (FSPTX)).

TravelforFun
RCL
Posts: 525
Joined: Sat Jul 05, 2014 2:48 am

Re: 2020 Net Worth

Post by RCL »

Means nothing without knowing your AA and how much you contributed
Topic Author
TravelforFun
Posts: 2299
Joined: Tue Dec 04, 2012 11:05 pm

Re: 2020 Net Worth

Post by TravelforFun »

crinkles2 wrote: Thu Dec 31, 2020 9:37 pm Ours is up 10.2% for the year, not including home equity.

Overall net worth is up 3.55% for the year.
Is it because your home value went down in 2020 or your home equity is so large, it dwarfs your other assets?

TravelforFun
rakish_weasel
Posts: 37
Joined: Thu May 21, 2015 1:02 pm

Re: 2020 Net Worth

Post by rakish_weasel »

Excluding primary home, my NW rose 28.9% in 2020. This was invested roughly 70/30 stocks/bonds-cash, although it's more of a 90/10 tilt in the retirement vehicles -- I keep 2 years' expenses in FHYSA (formerly high-yield savings acct) EF, and a larger-than-typical sum in the primary-use chequing account due to the influx of non-cheap house projects that are continually going on here.

It goes without saying that much of that NW rise was due to salary/savings/new investments -- the actual ROI was far less. But from an overall NW standpoint, 2020 wound up being a rather friendly year after all of the dust had settled from the pandemic fallout. Definite awareness here of this relative good fortune -- it is very difficult to hear and read about the stories of those whose lives were decimated by that same pandemic, either in lives impacted/lost, or in adverse financial impact. I have not been as giving in charitable contributions as I could have been in years past, and this is something I aim to change going forward.

-rw
Last edited by rakish_weasel on Thu Dec 31, 2020 10:12 pm, edited 2 times in total.
pasadena
Posts: 1037
Joined: Sat Jul 02, 2016 1:23 am
Location: PNW

Re: 2020 Net Worth

Post by pasadena »

Mine went up 37% :shock:.

I'm going to double check my numbers....
User avatar
Sandtrap
Posts: 12791
Joined: Sat Nov 26, 2016 6:32 pm
Location: Hawaii No Ka Oi , N. Arizona
Contact:

Re: 2020 Net Worth

Post by Sandtrap »

All of our retirement needs and expenses are met with enough margin for home and property improvements and so forth without loss of portfolio principle or business assets, thus, things are largely self sustaining which is the long term goal.

I'm vaguely aware of overall net worth but it's not something I keep track of.

Actionably:
IMHO: This is the result of building a strong financial strategy that adheres to "boglehead basics".

"Trust the fungus". . . .(Mario Brothers) :shock:
j :D
Wiki Bogleheads Wiki: Everything You Need to Know
LFKB
Posts: 805
Joined: Mon Dec 24, 2012 7:06 pm

Re: 2020 Net Worth

Post by LFKB »

Good year at work with some large equity incentives - up about $8M
crinkles2
Posts: 103
Joined: Fri Nov 28, 2014 8:18 pm

Re: 2020 Net Worth

Post by crinkles2 »

TravelforFun wrote: Thu Dec 31, 2020 9:47 pm
crinkles2 wrote: Thu Dec 31, 2020 9:37 pm Ours is up 10.2% for the year, not including home equity.

Overall net worth is up 3.55% for the year.
Is it because your home value went down in 2020 or your home equity is so large, it dwarfs your other assets?

TravelforFun
Bit of both, we moved to a cheaper place but the bank wanted more equity relative to the house value for the new place.

The ratio of home equity at Dec 31, 2019 was 62.09% of net worth, and at Dec 31, 2020 was 59.67%. In absolute $ terms the home equity is virtually the same.

This is bad right? We do live in an area with expensive housing (ridiculously so).

Part of the reason I don't want to pay more on the mortgage right now. Our LVR is about 61.84%.
User avatar
LadyGeek
Site Admin
Posts: 69997
Joined: Sat Dec 20, 2008 5:34 pm
Location: Philadelphia
Contact:

Re: 2020 Net Worth

Post by LadyGeek »

This thread is now in the Personal Finance (Not Investing) forum (net worth).

We have a thread for net worth over multiple years. See: Share your net worth progression
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.
BogleMelon
Posts: 2550
Joined: Mon Feb 01, 2016 11:49 am

Re: 2020 Net Worth

Post by BogleMelon »

Mine went up almost 50%, from around $209K to $313K! I saved 70% of our income (including investment income as I count dividends and capital appreciation as a real income that I could have sold and spent but I saved it instead)
"One of the funny things about stock market, every time one is buying another is selling, and both think they are astute" - William Feather
kcxie
Posts: 66
Joined: Thu Dec 18, 2008 10:24 pm

Re: 2020 Net Worth

Post by kcxie »

LFKB wrote: Thu Dec 31, 2020 10:04 pm Good year at work with some large equity incentives - up about $8M
my goodness, up by 8M, I am wondering how that feels this New Years eve, I am happy for you.

This can only happen in my dream. :D :D
Topic Author
TravelforFun
Posts: 2299
Joined: Tue Dec 04, 2012 11:05 pm

Re: 2020 Net Worth

Post by TravelforFun »

LFKB wrote: Thu Dec 31, 2020 10:04 pm Good year at work with some large equity incentives - up about $8M
Congrats!

TravelforFun
bugleheadd
Posts: 611
Joined: Fri Nov 29, 2019 11:25 am

Re: 2020 Net Worth

Post by bugleheadd »

how are you bogleheads getting like 40% returns this year? VTI is only up like 21% YTD

dont tell me you guys arent really bogleheads and are investing in individual stocks? or maybe bitcoin?
User avatar
Nate79
Posts: 6897
Joined: Thu Aug 11, 2016 6:24 pm
Location: Delaware

Re: 2020 Net Worth

Post by Nate79 »

Our net worth increased 30% this year. It includes value of our home equity because that's the definition of net worth. Excluding home equity is by definition not net worth.
Topic Author
TravelforFun
Posts: 2299
Joined: Tue Dec 04, 2012 11:05 pm

Re: 2020 Net Worth

Post by TravelforFun »

bugleheadd wrote: Thu Dec 31, 2020 11:33 pm how are you bogleheads getting like 40% returns this year? VTI is only up like 21% YTD

dont tell me you guys arent really bogleheads and are investing in individual stocks? or maybe bitcoin?
I can't say I'm a pure BH ... I do own individual stocks.

TravelforFun
Normchad
Posts: 2012
Joined: Thu Mar 03, 2011 7:20 am

Re: 2020 Net Worth

Post by Normchad »

bugleheadd wrote: Thu Dec 31, 2020 11:33 pm how are you bogleheads getting like 40% returns this year? VTI is only up like 21% YTD

dont tell me you guys arent really bogleheads and are investing in individual stocks? or maybe bitcoin?
For me, investment return is just one part of a net worth increase. Real estate appreciation and additional savings also increase net worth.

I thought I was killing it this year; but man, some of these posts are absolutely insane.
jayk238
Posts: 771
Joined: Tue Jan 31, 2017 1:02 pm

Re: 2020 Net Worth

Post by jayk238 »

-97000 debt

Paid off 130k in student debt and created 64k in emergency funds
jharkin
Posts: 2706
Joined: Mon Mar 28, 2016 7:14 am
Location: Boston suburbs

Re: 2020 Net Worth

Post by jharkin »

Nate79 wrote: Thu Dec 31, 2020 11:38 pm Our net worth increased 30% this year. It includes value of our home equity because that's the definition of net worth. Excluding home equity is by definition not net worth.
+1

Also about 30% here. 401k and home equity the 2 big drivers. First year for me those gains where more than our salary income.

Taxable cash on hand actually declined a bit as we took advantage of the situation to retire some debt and do home improvements.
theorist
Posts: 806
Joined: Sat Sep 28, 2019 11:39 am

Re: 2020 Net Worth

Post by theorist »

I can tell you what happened to net worth (excluding house) in the last 15 months:

9/28/19 — 3.1M

12/31/20 — 4.2M

Didn’t check around New Year last year :-)
pasadena
Posts: 1037
Joined: Sat Jul 02, 2016 1:23 am
Location: PNW

Re: 2020 Net Worth

Post by pasadena »

bugleheadd wrote: Thu Dec 31, 2020 11:33 pm how are you bogleheads getting like 40% returns this year? VTI is only up like 21% YTD

dont tell me you guys arent really bogleheads and are investing in individual stocks? or maybe bitcoin?
It's net worth increase, not returns. Half of the increase this year came from new savings, the rest is market returns (parts of my savings went in in April-May, another in Sept-Oct), and yes, a little bit of Tesla stocks in my fun money account.
Last edited by pasadena on Thu Dec 31, 2020 11:59 pm, edited 1 time in total.
Olemiss540
Posts: 1630
Joined: Fri Aug 18, 2017 8:46 pm

Re: 2020 Net Worth

Post by Olemiss540 »

TravelforFun wrote: Thu Dec 31, 2020 8:56 pm Please do not include your primary home equity in calculating your net worth.
My apologies but you are not looking for Net Worth then but looking for people's increase in their invested assets.

Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe.

There is an ongoing thread on the front page (longest on bogleheads) that outlines a very large number of posters networth growth over the last year that may be of value to your research.
I hold index funds because I do not overestimate my ability to pick stocks OR stock pickers.
Ed 2
Posts: 1778
Joined: Sat May 15, 2010 9:34 am

Re: 2020 Net Worth

Post by Ed 2 »

bugleheadd wrote: Thu Dec 31, 2020 11:33 pm how are you bogleheads getting like 40% returns this year? VTI is only up like 21% YTD

dont tell me you guys arent really bogleheads and are investing in individual stocks? or maybe bitcoin?
Many of us did buy back in March and April . I cashed my entire I Bond holding and bought AAPL and ITOT. My Apple holding almost 100% up since March .
"The fund industry doesn't have a lot of heroes, but he (Bogle) is one of them," Russ Kinnel
infotrader
Posts: 402
Joined: Tue Feb 28, 2017 2:39 pm

Re: 2020 Net Worth

Post by infotrader »

71% including new money.
~95% equity portfolio.
Best performer is TSLA, but not too many, only 250 shares.
dropdx
Posts: 137
Joined: Thu Jun 06, 2019 9:01 pm

Re: 2020 Net Worth

Post by dropdx »

TravelforFun wrote: Thu Dec 31, 2020 9:40 pm
alexL wrote: Thu Dec 31, 2020 9:13 pm congratulations! +20% in my case. Surprsing to see the number myself.

What investment could bring 40% increase?
20% is great. I have quite a bit of tech stocks (Amazon, Tesla, Apple) and a key mutual fund (Fidelity Select Technology (FSPTX)).

TravelforFun
Is there a Vanguard equivalent to the Fidelity Tech fund that doesn't have a ridiculous minimum I could use in my Roth?
dropdx
Posts: 137
Joined: Thu Jun 06, 2019 9:01 pm

Re: 2020 Net Worth

Post by dropdx »

Nate79 wrote: Thu Dec 31, 2020 11:38 pm Our net worth increased 30% this year. It includes value of our home equity because that's the definition of net worth. Excluding home equity is by definition not net worth.
How down you estimate equity? Do you use something like the Zestimate?
7eight9
Posts: 1791
Joined: Fri May 17, 2019 7:11 pm

Re: 2020 Net Worth

Post by 7eight9 »

Another 787,000 Americans filed for unemployment benefits in the week before Christmas, the last snapshot of 2020’s appalling jobs market before the New Year.
Unemployment claims have been rising again in recent weeks to their highest levels since the autumn as surging coronavirus rates have slowed hiring and led to more layoffs. At current levels the weekly claims figures are almost four times their pre-pandemic average.
https://www.theguardian.com/business/20 ... oronavirus

Great time to discuss net worth. No wonder people think this message board is out of touch.
I guess it all could be much worse. | They could be warming up my hearse.
Tingting1013
Posts: 846
Joined: Mon Aug 24, 2020 5:44 pm

Re: 2020 Net Worth

Post by Tingting1013 »

7eight9 wrote: Fri Jan 01, 2021 12:32 am Another 787,000 Americans filed for unemployment benefits in the week before Christmas, the last snapshot of 2020’s appalling jobs market before the New Year.
Unemployment claims have been rising again in recent weeks to their highest levels since the autumn as surging coronavirus rates have slowed hiring and led to more layoffs. At current levels the weekly claims figures are almost four times their pre-pandemic average.
https://www.theguardian.com/business/20 ... oronavirus

Great time to discuss net worth. No wonder people think this message board is out of touch.
+1
BernardShakey
Posts: 183
Joined: Tue Jun 25, 2019 10:52 pm
Location: CA

Re: 2020 Net Worth

Post by BernardShakey »

7eight9 wrote: Fri Jan 01, 2021 12:32 am Another 787,000 Americans filed for unemployment benefits in the week before Christmas, the last snapshot of 2020’s appalling jobs market before the New Year.
Unemployment claims have been rising again in recent weeks to their highest levels since the autumn as surging coronavirus rates have slowed hiring and led to more layoffs. At current levels the weekly claims figures are almost four times their pre-pandemic average.
https://www.theguardian.com/business/20 ... oronavirus

Great time to discuss net worth. No wonder people think this message board is out of touch.
+2. And unemployment continuing and likely worsening before the vaccine distribution really ramps up. A lot people going to be hurting in 1Q 2021.
An important key to investing is having a well-calibrated sense of your future regret.
User avatar
Nate79
Posts: 6897
Joined: Thu Aug 11, 2016 6:24 pm
Location: Delaware

Re: 2020 Net Worth

Post by Nate79 »

dropdx wrote: Fri Jan 01, 2021 12:30 am
Nate79 wrote: Thu Dec 31, 2020 11:38 pm Our net worth increased 30% this year. It includes value of our home equity because that's the definition of net worth. Excluding home equity is by definition not net worth.
How down you estimate equity? Do you use something like the Zestimate?
I use an average of zillow and redfin values. They track well the home value as we have a decent number of sales in our area of similar homes.
LFKB
Posts: 805
Joined: Mon Dec 24, 2012 7:06 pm

Re: 2020 Net Worth

Post by LFKB »

kcxie wrote: Thu Dec 31, 2020 11:20 pm
LFKB wrote: Thu Dec 31, 2020 10:04 pm Good year at work with some large equity incentives - up about $8M
my goodness, up by 8M, I am wondering how that feels this New Years eve, I am happy for you.

This can only happen in my dream. :D :D
Thank you
User avatar
Nate79
Posts: 6897
Joined: Thu Aug 11, 2016 6:24 pm
Location: Delaware

Re: 2020 Net Worth

Post by Nate79 »

BernardShakey wrote: Fri Jan 01, 2021 12:40 am
7eight9 wrote: Fri Jan 01, 2021 12:32 am Another 787,000 Americans filed for unemployment benefits in the week before Christmas, the last snapshot of 2020’s appalling jobs market before the New Year.
Unemployment claims have been rising again in recent weeks to their highest levels since the autumn as surging coronavirus rates have slowed hiring and led to more layoffs. At current levels the weekly claims figures are almost four times their pre-pandemic average.
https://www.theguardian.com/business/20 ... oronavirus

Great time to discuss net worth. No wonder people think this message board is out of touch.
+2. And unemployment continuing and likely worsening before the vaccine distribution really ramps up. A lot people going to be hurting in 1Q 2021.
From the same article the unemployment rate started the year at 3.6%, spiked at 14.7%, and is currently 6.7%.
The recovery of the economy has been amazingly fast.
JHU ALmuni
Posts: 272
Joined: Tue Jan 20, 2015 12:40 pm

Re: 2020 Net Worth

Post by JHU ALmuni »

Up 200%, didn't see it coming considering the crash we saw in March. Thanks to the latest Bitcoin bull run :sharebeer
User avatar
LilyFleur
Posts: 1632
Joined: Fri Mar 02, 2018 10:36 pm

Re: 2020 Net Worth

Post by LilyFleur »

This is an interesting thread.

If a great deal of your net worth is tax-deferred, and you subtracted estimated taxes from your tax-deferred total, I wonder what it looks like then. If all your savings are in Roth and taxable, that is a very different picture than the folks with the bulk of their savings in tax-deferred accounts. And of course the original poster asked us not to include home equity, so I will not.

And if you are retired and not saving anymore, that also looks quite different.

I am semi-retired but was largely unemployed this year.

I did a sizable Roth conversion at the very end of 2019, and I sent in the estimated taxes (federal and state) for it in January of 2020 (so that amount was subtracted from my net worth as of 1/1/20). I converted 11.6% of my 401k, and the taxes on this took a nice chunk out of my profits this year. I am only about 52% in the market. So the slumps and rises in my portfolio are not as dramatic as when I was younger with a much higher percentage in stock.

I also did my own form of tax-loss harvesting. I had an inherited IRA which had dropped in value in March. One of my goals was to get rid of it before I die so it would be one less thing for my kids to deal with (there have been Boglehead discussions on the complexity of inherited-inherited IRAs, and one of my children would not do well at all with that--probably would not be able to figure it out at all). So, I cashed out my inherited IRA, (which was down $7,000), thus paying lower taxes on it, and then re-invested the money in taxable, which has increased in value back up to the original amount of the IRA.

I was semi-retired with a part-time job which went away in March due to the pandemic, so that meant I had to start drawing out of savings. Thankfully I got a work-from-home part-time job recently and will not have to pull from savings as much. My health-care premiums and co-pays run about $20,000 a year, so being self-employed and able to take that as a business expense helps my situation considerably.

I am very happy for those of you who have had incredible years. I had one of those in 2017--my 401k increased in value by 100% and made it possible for me to retire early. So, considering all of the above, I'm not complaining about 5% this year. :happy

Many of us have done very well on this forum. It's a lot to be grateful for.
formerlybroke
Posts: 77
Joined: Mon Dec 07, 2020 12:56 pm

Re: 2020 Net Worth

Post by formerlybroke »

Nate79 wrote: Thu Dec 31, 2020 11:38 pm Our net worth increased 30% this year. It includes value of our home equity because that's the definition of net worth. Excluding home equity is by definition not net worth.
+1...Thank you.

Major re-engineering of portfolio in 2020 = significant reduction in equities. Still had 13.5% increase in NW. Very pleased. :happy
7eight9
Posts: 1791
Joined: Fri May 17, 2019 7:11 pm

Re: 2020 Net Worth

Post by 7eight9 »

Nate79 wrote: Fri Jan 01, 2021 12:49 am
BernardShakey wrote: Fri Jan 01, 2021 12:40 am
7eight9 wrote: Fri Jan 01, 2021 12:32 am Another 787,000 Americans filed for unemployment benefits in the week before Christmas, the last snapshot of 2020’s appalling jobs market before the New Year.
Unemployment claims have been rising again in recent weeks to their highest levels since the autumn as surging coronavirus rates have slowed hiring and led to more layoffs. At current levels the weekly claims figures are almost four times their pre-pandemic average.
https://www.theguardian.com/business/20 ... oronavirus

Great time to discuss net worth. No wonder people think this message board is out of touch.
+2. And unemployment continuing and likely worsening before the vaccine distribution really ramps up. A lot people going to be hurting in 1Q 2021.
From the same article the unemployment rate started the year at 3.6%, spiked at 14.7%, and is currently 6.7%.
The recovery of the economy has been amazingly fast.
Nearly 2x as many unemployed compared to the beginning of the year. We should break out the champagne and caviar.
I guess it all could be much worse. | They could be warming up my hearse.
moneybags
Posts: 58
Joined: Wed Jul 13, 2011 4:55 am

Re: 2020 Net Worth

Post by moneybags »

2020 was an absolute amazing year for our net worth. Our largest increase by far. Net worth: 750K -> 1.25M. 66% increase. Approx 320k in contributions, the rest is growth.
kenoryan
Posts: 237
Joined: Tue Sep 12, 2017 7:11 pm

Re: 2020 Net Worth

Post by kenoryan »

Tough to tell with real estate valuations. But I'm guessing we are at 15M tonight. Maybe 16 or even 17.
User avatar
LilyFleur
Posts: 1632
Joined: Fri Mar 02, 2018 10:36 pm

Re: 2020 Net Worth

Post by LilyFleur »

Nate79 wrote: Fri Jan 01, 2021 12:49 am
BernardShakey wrote: Fri Jan 01, 2021 12:40 am
7eight9 wrote: Fri Jan 01, 2021 12:32 am Another 787,000 Americans filed for unemployment benefits in the week before Christmas, the last snapshot of 2020’s appalling jobs market before the New Year.
Unemployment claims have been rising again in recent weeks to their highest levels since the autumn as surging coronavirus rates have slowed hiring and led to more layoffs. At current levels the weekly claims figures are almost four times their pre-pandemic average.
https://www.theguardian.com/business/20 ... oronavirus

Great time to discuss net worth. No wonder people think this message board is out of touch.
+2. And unemployment continuing and likely worsening before the vaccine distribution really ramps up. A lot people going to be hurting in 1Q 2021.
From the same article the unemployment rate started the year at 3.6%, spiked at 14.7%, and is currently 6.7%.
The recovery of the economy has been amazingly fast.
It has been an unusual year for sure.

Although if you were unemployed for a large part of the year and unable to retire, you and your family probably are not feeling quite as "recovered" as the "economy." People on our forum have indeed been laid off and have been living out of savings, but probably those forum members are not able to share about huge increases in net worth on this thread.

When my daughter did Irish dance competitions, the children would walk up to the sheet posted on the wall to see who had come in first, second, and third. Their teacher, who taught good character as well as dance, taught the children to walk up quietly, check their results, and then walk quietly away.

I think, as in all things in life, there is a good balance to be had. I am really happy for our bogleheads who had a great year, and I am also concerned for those who did not.
GCD
Posts: 1177
Joined: Tue Sep 26, 2017 7:11 pm

Re: 2020 Net Worth

Post by GCD »

7eight9 wrote: Fri Jan 01, 2021 12:32 am Another 787,000 Americans filed for unemployment benefits in the week before Christmas, the last snapshot of 2020’s appalling jobs market before the New Year.
Unemployment claims have been rising again in recent weeks to their highest levels since the autumn as surging coronavirus rates have slowed hiring and led to more layoffs. At current levels the weekly claims figures are almost four times their pre-pandemic average.
https://www.theguardian.com/business/20 ... oronavirus

Great time to discuss net worth. No wonder people think this message board is out of touch.
Alternatively, one could argue that people who think BH are out of touch are themselves uneducated and ill-informed. The principles that lead to financial success are well-articulated on this board and in the wiki. Read it, learn it, live it. You too can be financially successful and leave the jealous sniping behind. :happy

If you've been around this board for awhile, or you look over past threads, you know that "how's your net worth going" threads always blossom around year end. It's a natural time, end of calendar year, to take stock of how you've been doing. As far as an arbitrary day picked out of 365 there's a number of reasons to pick it over any other. As for myself, this year I'm up, but there have been past years where I was down. I expect to have years in the future, probably many back to back years, where I am down. Not a big deal.

Honestly, I'm really tired of people whining because their life choices aren't working out for them. OWN your decisions, adjust, move forward.
Last edited by GCD on Fri Jan 01, 2021 1:28 am, edited 3 times in total.
alexL
Posts: 68
Joined: Tue Dec 29, 2020 6:32 pm

Re: 2020 Net Worth

Post by alexL »

7eight9 wrote: Fri Jan 01, 2021 12:32 am Another 787,000 Americans filed for unemployment benefits in the week before Christmas, the last snapshot of 2020’s appalling jobs market before the New Year.
Unemployment claims have been rising again in recent weeks to their highest levels since the autumn as surging coronavirus rates have slowed hiring and led to more layoffs. At current levels the weekly claims figures are almost four times their pre-pandemic average.
https://www.theguardian.com/business/20 ... oronavirus

Great time to discuss net worth. No wonder people think this message board is out of touch.
I totally agree with you. Many people who are active on this forum are very fortunate to be healthy and wealthy during this crazy covid-19 year. I still have my job (working from home) so my income did not drop a cent. The stock market eventually came back after the big crashes.
surfstar
Posts: 2439
Joined: Fri Sep 13, 2013 12:17 pm
Location: Santa Barbara, CA

Re: 2020 Net Worth

Post by surfstar »

BernardShakey wrote: Fri Jan 01, 2021 12:40 am
7eight9 wrote: Fri Jan 01, 2021 12:32 am Another 787,000 Americans filed for unemployment benefits in the week before Christmas, the last snapshot of 2020’s appalling jobs market before the New Year.
Unemployment claims have been rising again in recent weeks to their highest levels since the autumn as surging coronavirus rates have slowed hiring and led to more layoffs. At current levels the weekly claims figures are almost four times their pre-pandemic average.
https://www.theguardian.com/business/20 ... oronavirus

Great time to discuss net worth. No wonder people think this message board is out of touch.
+2. And unemployment continuing and likely worsening before the vaccine distribution really ramps up. A lot people going to be hurting in 1Q 2021.
Agreed. Happy tone deaf new year on bogleheads.
User avatar
LilyFleur
Posts: 1632
Joined: Fri Mar 02, 2018 10:36 pm

Re: 2020 Net Worth

Post by LilyFleur »

GCD wrote: Fri Jan 01, 2021 1:05 am
7eight9 wrote: Fri Jan 01, 2021 12:32 am Another 787,000 Americans filed for unemployment benefits in the week before Christmas, the last snapshot of 2020’s appalling jobs market before the New Year.
Unemployment claims have been rising again in recent weeks to their highest levels since the autumn as surging coronavirus rates have slowed hiring and led to more layoffs. At current levels the weekly claims figures are almost four times their pre-pandemic average.
https://www.theguardian.com/business/20 ... oronavirus

Great time to discuss net worth. No wonder people think this message board is out of touch.
Alternatively, one could argue that people who think BH are out of touch are themselves uneducated and ill-informed. The principles that lead to financial success are well-articulated on this board and in the wiki. Read it, learn it, live it. You too can be financially successful and leave the jealous sniping behind. :happy
If it were possible for everyone to be financially successful, then everyone would be. However, even people who are largely financially successful can suffer layoffs, and health challenges, and all manner of bad luck. I think there are plenty of very wealthy people who are compassionate and understand that not everyone has the same opportunities. I think realizing that people are hurting as well as celebrating is simply an understanding of the facts.
Katietsu
Posts: 4514
Joined: Sun Sep 22, 2013 1:48 am

Re: 2020 Net Worth

Post by Katietsu »

7eight9 wrote: Fri Jan 01, 2021 12:54 am
Nate79 wrote: Fri Jan 01, 2021 12:49 am
BernardShakey wrote: Fri Jan 01, 2021 12:40 am
7eight9 wrote: Fri Jan 01, 2021 12:32 am Another 787,000 Americans filed for unemployment benefits in the week before Christmas, the last snapshot of 2020’s appalling jobs market before the New Year.
Unemployment claims have been rising again in recent weeks to their highest levels since the autumn as surging coronavirus rates have slowed hiring and led to more layoffs. At current levels the weekly claims figures are almost four times their pre-pandemic average.
https://www.theguardian.com/business/20 ... oronavirus

Great time to discuss net worth. No wonder people think this message board is out of touch.
+2. And unemployment continuing and likely worsening before the vaccine distribution really ramps up. A lot people going to be hurting in 1Q 2021.
From the same article the unemployment rate started the year at 3.6%, spiked at 14.7%, and is currently 6.7%.
The recovery of the economy has been amazingly fast.
Nearly 2x as many unemployed compared to the beginning of the year. We should break out the champagne and caviar.
I think the actual hurt is much worse than the 6.7% number. I know a whole lot of people who are still employed but with smaller paychecks/income. Others who are now retired, voluntarily or not, earlier than desired. Business owners hoping to hold on.
Our wage income is probably down 5%-10%. But the increase in the value of our investments has dwarfed that loss with about a 15% increase of a much larger number. It is unsettling to watch your net worth go up in the midst of so much hardship.
Vihoo
Posts: 78
Joined: Wed Jun 05, 2019 11:48 pm

Re: 2020 Net Worth

Post by Vihoo »

+75% NW increase in 2020

:beer
User avatar
TierArtz
Posts: 463
Joined: Wed Jan 04, 2017 10:33 pm

Re: 2020 Net Worth

Post by TierArtz »

I was a small town boy; then I went to college; then I joined the military; then I retired from the military and got another job in pharma/biotech. All along, I saved as much as I could (34 years post college), while always giving 10% to charity.

Using Boglehead principles in that context, with much prayer and good spouse-picking, the portfolio of DW and I gained 16.01% in 2020 on a 70/30 portfolio. We also added about half my pay. Counting our home equity increase, our net worth went up about 19% from the start of 2020 - a sum worth more than our home and equal to about 6 years of spending. I doubt 2021 will go as well financially for DW and I, and hope those hurting can get back on stable ground.
mhop
Posts: 64
Joined: Tue Jul 23, 2013 12:41 pm

Re: 2020 Net Worth

Post by mhop »

7eight9 wrote: Fri Jan 01, 2021 12:32 am Another 787,000 Americans filed for unemployment benefits in the week before Christmas, the last snapshot of 2020’s appalling jobs market before the New Year.
Unemployment claims have been rising again in recent weeks to their highest levels since the autumn as surging coronavirus rates have slowed hiring and led to more layoffs. At current levels the weekly claims figures are almost four times their pre-pandemic average.
https://www.theguardian.com/business/20 ... oronavirus

Great time to discuss net worth. No wonder people think this message board is out of touch.
It actually is a great time because I track mine year to year on 1/1. My analysis would be much more difficult if I had to account for unemployment rate and therefore sample my NW at random periods of time.
Locked