Share your Net Worth Regression
Re: Share your Net Worth Regression
Ugh its dropping again today.
Re: Share your Net Worth Regression
I just want to be able to survive. Times are so tough nowmuitu wrote: ↑Tue Jun 28, 2022 10:38 amCool off buddy. You had approx. 980k more than I do at age 26.austin757 wrote: ↑Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.
A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.
Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?
Does it seem like I am on track financially?
-
- Posts: 15368
- Joined: Fri Dec 31, 2010 8:53 am
Re: Share your Net Worth Regression
Fidelity somehow lost the 6-figure check my wife priority mailed them (rollover from former employer's 401k) and it has taken ~45 days to go through the hassle of getting another one. We should be mailing them check #2 in the next few days. Looks like that huge headache will actually save/make us some money.
-
- Posts: 3
- Joined: Tue Jun 28, 2022 6:09 am
Re: Share your Net Worth Regression
Ha fair point. We have contributed ~$25,000 into retirement funds yet the balance has only increased by $3k YTD in a 3 fund portfolio (90% equities) that's been floating around $120k for all of 2022. Feels like pouring money into the abyss, regardless of it being the right thing to do. Hammering the student loan principal has nudged that negative number in the right directionMaverick3320 wrote: ↑Tue Jun 28, 2022 10:20 amI didn't go to med school, but I'm pretty sure a smaller negative number is not a regression, at least in terms of personal financekingkhufu14 wrote: ↑Tue Jun 28, 2022 6:24 am Been lurking on this forum for quite a while but felt inspired to join to add a different position than many others who have commented. I am quite early in the accumulation phase as a resident physician a year away from becoming an attending. Spouse also works full time. Student loans are such a heavy burden.
NW 12/31/21: -91,500
NW 6/28/22: -77,500
A lot of progress made from the approximately -325,000 net worth at the start of residency, but still such a long way to go!
- anon_investor
- Posts: 15122
- Joined: Mon Jun 03, 2019 1:43 pm
Re: Share your Net Worth Regression
They won't accept a mobile deposit via the app?stoptothink wrote: ↑Tue Jun 28, 2022 2:04 pmFidelity somehow lost the 6-figure check my wife priority mailed them (rollover from former employer's 401k) and it has taken ~45 days to go through the hassle of getting another one. We should be mailing them check #2 in the next few days. Looks like that huge headache will actually save/make us some money.
-
- Posts: 15368
- Joined: Fri Dec 31, 2010 8:53 am
Re: Share your Net Worth Regression
No, we've been told multiple times that we either get another check or have it wired, but we'd have to start the process over with both Transamerica and Fidelity. Nobody at Fidelity has a clue what they are talking about, and we've talked to about a dozen of them by now. One of the worst customer service experiences I've ever had; if we didn't have multiple accounts with them (pair of HSAs, her 401k and soon-to-be-rollover, rewards visa), I'd gladly send the money to Vanguard instead. But, their ridiculous mistake(s) has earned/saved us 5-figures.anon_investor wrote: ↑Tue Jun 28, 2022 6:36 pmThey won't accept a mobile deposit via the app?stoptothink wrote: ↑Tue Jun 28, 2022 2:04 pmFidelity somehow lost the 6-figure check my wife priority mailed them (rollover from former employer's 401k) and it has taken ~45 days to go through the hassle of getting another one. We should be mailing them check #2 in the next few days. Looks like that huge headache will actually save/make us some money.
- anon_investor
- Posts: 15122
- Joined: Mon Jun 03, 2019 1:43 pm
Re: Share your Net Worth Regression
No way to take it to a Fidelity office to deposit?stoptothink wrote: ↑Tue Jun 28, 2022 7:08 pmNo, we've been told multiple times that we either get another check or have it wired, but we'd have to start the process over with both Transamerica and Fidelity. Nobody at Fidelity has a clue what they are talking about, and we've talked to about a dozen of them by now. One of the worst customer service experiences I've ever had; if we didn't have multiple accounts with them (pair of HSAs, her 401k and soon-to-be-rollover, rewards visa), I'd gladly send the money to Vanguard instead. But, their ridiculous mistake(s) has earned/saved us 5-figures.anon_investor wrote: ↑Tue Jun 28, 2022 6:36 pmThey won't accept a mobile deposit via the app?stoptothink wrote: ↑Tue Jun 28, 2022 2:04 pmFidelity somehow lost the 6-figure check my wife priority mailed them (rollover from former employer's 401k) and it has taken ~45 days to go through the hassle of getting another one. We should be mailing them check #2 in the next few days. Looks like that huge headache will actually save/make us some money.
Re: Share your Net Worth Regression
Mine is sliding backwards at a fast pace. On the bright side though, if you believe in the predictive power of P/E ratios or cape, expected future returns are on the rise
-
- Posts: 15368
- Joined: Fri Dec 31, 2010 8:53 am
Re: Share your Net Worth Regression
No clue, but it's never been presented as an option to us and the closest fidelity office is A LOT further than the post office. Mailing it is less of a hassle (then again, they may miraculously lose it again). We're not concerned about getting them the new check, them somehow misplacing the first one (with delivery confirmation) and then having no clue what to do from there (which eventually included countless calls to both Fidelity and Transamerica, multiple forms, a medallion signature, weeks of waiting for no apparent reason, etc.) was the problem. The new check is sitting on my counter, it's pretty much done at this point - and with a silver lining.anon_investor wrote: ↑Tue Jun 28, 2022 7:12 pmNo way to take it to a Fidelity office to deposit?stoptothink wrote: ↑Tue Jun 28, 2022 7:08 pmNo, we've been told multiple times that we either get another check or have it wired, but we'd have to start the process over with both Transamerica and Fidelity. Nobody at Fidelity has a clue what they are talking about, and we've talked to about a dozen of them by now. One of the worst customer service experiences I've ever had; if we didn't have multiple accounts with them (pair of HSAs, her 401k and soon-to-be-rollover, rewards visa), I'd gladly send the money to Vanguard instead. But, their ridiculous mistake(s) has earned/saved us 5-figures.anon_investor wrote: ↑Tue Jun 28, 2022 6:36 pmThey won't accept a mobile deposit via the app?stoptothink wrote: ↑Tue Jun 28, 2022 2:04 pmFidelity somehow lost the 6-figure check my wife priority mailed them (rollover from former employer's 401k) and it has taken ~45 days to go through the hassle of getting another one. We should be mailing them check #2 in the next few days. Looks like that huge headache will actually save/make us some money.
Re: Share your Net Worth Regression
Depends on how you look at the math, I guess. But if 6 months ago a new investment were destined to lose 20% over the next sixfinanceguy88 wrote: ↑Mon May 30, 2022 8:25 am Estimated down around 10 to 12% from $14m to $12.5m. My equity exposure was only around 20% to 25% but was overweight big cap tech and so is down much more than the market. We also had some big some big expenses. It sucks to see the gains disappear, but sitting on about 30% in cash as I sold some things and had a windfall bonus at the end of the year that I only partially invested. The rest is in real estate or credit funds. So far, I’ve only done tax loss harvesting, so swapping xyz big cap tech stock that’s down 40% for another one.
Its clearly a better time to buy stocks now than 6 months ago, on the other hand in old enough to remember 2000 and 2009 crashes and the market took 2.5 to 3 years to get back to prior highs. I think this correction will look more like that so I am not feeling the fomo to invest right now. I’m thinking that with the fed continuing to tighten the money supply and the consumer getting hit on oil and food inflation, it’s going to be an uphill battle for a bit. If I start to see more companies actually failing and not getting bailed out by the government, I’ll be more constructive on the markets.
months to today; and if a new investment today would also lose 20% by six months hence: then it’s tough to see how it’s clearly a better time to buy stocks now than six months ago. Unless you have some way of knowing that “clearly” stocks won’t drop at least another 20% over the next six months.
Re: Share your Net Worth Regression
Hey, if it motivates you, great. And I'm sure I've done the humblebrag stuff too. The main thing is there is always someone richer, you can always make yourself miserable.Maverick3320 wrote: ↑Tue Jun 28, 2022 10:22 amI'm sure some humble bragging is involved, but I often find it motivating to read about the success of others.sureshoe wrote: ↑Mon Jun 27, 2022 1:55 pm Isn't that the fundamental point of all these type of posts though? Slip in some humble bragging, compare portfolio sizes?
I didn't get to a reasonable place of happiness in life overall until I was around 32-35-ish and realized it's all nonsense and you have to stop looking at what other people have and you don't.
https://www.tiktok.com/@nicholas_crown/ ... 62?lang=en
If someone needs motivated, I recommend looking at mean and median incomes, net worth, etc. alongside your own needs/desires. Anecdotal evidence on a message board about someone buying a $50k golden butt scratcher is generally going to cause frustration.
-
- Posts: 346
- Joined: Mon Sep 24, 2018 7:35 am
Re: Share your Net Worth Regression
Interestingly my accounts as of Monday were almost back to even where they were at the beginning of the year.
Kind of depressing throwing so much money into the pit of losses to keep it at zero, but should be thankful to be able to make good any of contributions still. I need to just filter to # of shares owned, maybe that’d make me feel better.
Edit: behaviorally I find myself still trying to tinker - anything to make this investing climate more interesting/positive. It was fun the last few years with the momentum of growth. Now the only fun is tightening the belt and keeping a stricter budget as a way to make managing money more interesting. That, and tax loss harvesting..
Kind of depressing throwing so much money into the pit of losses to keep it at zero, but should be thankful to be able to make good any of contributions still. I need to just filter to # of shares owned, maybe that’d make me feel better.
Edit: behaviorally I find myself still trying to tinker - anything to make this investing climate more interesting/positive. It was fun the last few years with the momentum of growth. Now the only fun is tightening the belt and keeping a stricter budget as a way to make managing money more interesting. That, and tax loss harvesting..
Re: Share your Net Worth Regression
I was going to say, I had maybe 1/10th of that at age 26.muitu wrote: ↑Tue Jun 28, 2022 10:38 amCool off buddy. You had approx. 980k more than I do at age 26.austin757 wrote: ↑Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.
A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.
Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?
Does it seem like I am on track financially?
Re: Share your Net Worth Regression
I was worth less than zero at 26. I worked my ass of to become “worthless”, and oh man achieving that was a very happy day.egri wrote: ↑Wed Jun 29, 2022 6:28 pmI was going to say, I had maybe 1/10th of that at age 26.muitu wrote: ↑Tue Jun 28, 2022 10:38 amCool off buddy. You had approx. 980k more than I do at age 26.austin757 wrote: ↑Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.
A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.
Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?
Does it seem like I am on track financially?
Re: Share your Net Worth Regression
$2.5M in January. $2.196M today.
Maybe +/- since I don't muck with my home value much. It's probably worth more now than in Jan, but I suspect it will drop soon.
Maybe +/- since I don't muck with my home value much. It's probably worth more now than in Jan, but I suspect it will drop soon.
-
- Posts: 1050
- Joined: Mon Jan 28, 2019 2:38 pm
Re: Share your Net Worth Regression
Yup. I think our net worth was about -$300k at age 26.Normchad wrote: ↑Wed Jun 29, 2022 7:52 pmI was worth less than zero at 26. I worked my ass of to become “worthless”, and oh man achieving that was a very happy day.egri wrote: ↑Wed Jun 29, 2022 6:28 pmI was going to say, I had maybe 1/10th of that at age 26.muitu wrote: ↑Tue Jun 28, 2022 10:38 amCool off buddy. You had approx. 980k more than I do at age 26.austin757 wrote: ↑Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.
A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.
Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?
Does it seem like I am on track financially?
Global Market Portfolio + modest tilt towards volatility (80/20->60/40 as approach FI) + modest tilt away from exchange rate risk (80% global+20% U.S. stocks; currency-hedge bonds) + tax optimization
-
- Posts: 66
- Joined: Tue Dec 26, 2017 10:04 pm
Re: Share your Net Worth Regression
911k End 2021
843k End June 2022
843k End June 2022
-
- Posts: 1001
- Joined: Fri Oct 12, 2018 12:29 pm
Re: Share your Net Worth Regression
Net worth is down 6.75% YTD despite making monthly contributions. All things considered, not too bad given the SP500 is down over 20% and bonds went down as well.
Last edited by PowderDay9 on Fri Jul 01, 2022 8:36 am, edited 1 time in total.
Re: Share your Net Worth Regression
Down 23% from Jan 1 back to 12/28/20 levels based on only investment accounts. House has gone up a little and with some cash overall NW back to 3/10/21 levels.
As an interesting contrast I try to think back to the Great Recession and I don't have a good memory of how I felt. We didn't have much of a NW maybe just starting to get positive in early working careers. At the time I recall thinking I need to put as much money in the market as possible! I still kind of feel that way. Last year, mathematically we could have retired comfortably. The plan is in 5 years as a stretch goal, but no more than 10 more years. I'm watching things and still contributing nearly as much as possible with some cash build up.
Precovid peak to the 3/20/20 low we were down 20% NW.
Back up plan if these things impact retirement timeline is work a bit longer or modify retirement expectations. I'm still optimistic and try to enjoy the present.
As an interesting contrast I try to think back to the Great Recession and I don't have a good memory of how I felt. We didn't have much of a NW maybe just starting to get positive in early working careers. At the time I recall thinking I need to put as much money in the market as possible! I still kind of feel that way. Last year, mathematically we could have retired comfortably. The plan is in 5 years as a stretch goal, but no more than 10 more years. I'm watching things and still contributing nearly as much as possible with some cash build up.
Precovid peak to the 3/20/20 low we were down 20% NW.
Back up plan if these things impact retirement timeline is work a bit longer or modify retirement expectations. I'm still optimistic and try to enjoy the present.
Re: Share your Net Worth Regression
– 19.82% YTD
Stocks-80% || Bonds-20% || Taxable-VTI/VXUS || IRA-VT/BNDW
Re: Share your Net Worth Regression
If I count strictly NW Jan 1 Minus NW today , it is 7% ishPowderDay9 wrote: ↑Fri Jul 01, 2022 12:29 am Net worth is down 6.75% YTD despite making monthly contributions. All things considered, not too bad given the SP500 is down over 20% and bonds went down as well.
If I count NW Jan - NW today + new money went in YTD , Then total regression becomes 16%
-
- Posts: 47
- Joined: Sun Oct 11, 2020 2:30 pm
Re: Share your Net Worth Regression
-7.4% YTD
+8% YOY
+8% YOY
-
- Posts: 36
- Joined: Thu Sep 26, 2019 2:01 pm
Re: Share your Net Worth Regression
Dec 2021: $774,140.83
June 2022: $701,062.29
Would be worse but I bought a house in between, and the Redfin estimate is already $54k more than I paid for it. I know this isn't exact, but it's the best estimate that I have.
Took out a 401k loan for the down payment on Jan-19-2022 (S&P closed at 4,532.76). So in some regards I got a discount.
Fidelity tells me that my portfolio is down 20% on the year. It's more fun watching the numbers go up, but I'm sleeping well.
June 2022: $701,062.29
Would be worse but I bought a house in between, and the Redfin estimate is already $54k more than I paid for it. I know this isn't exact, but it's the best estimate that I have.
Took out a 401k loan for the down payment on Jan-19-2022 (S&P closed at 4,532.76). So in some regards I got a discount.
Fidelity tells me that my portfolio is down 20% on the year. It's more fun watching the numbers go up, but I'm sleeping well.
- AerialWombat
- Posts: 3106
- Joined: Tue May 29, 2018 1:07 pm
- Location: Cashtown, Cashylvania
Re: Share your Net Worth Regression
deleted
Last edited by AerialWombat on Thu Aug 25, 2022 7:21 pm, edited 1 time in total.
This post is a work of fiction. Any similarity to real financial advice is purely coincidental.
Re: Share your Net Worth Regression
Based on the Person Rate of Return worksheet (by longinvest I believe), trailing portfolio return:
- YTD: -17.4%
- 1-Year: -10.7%
Re: Share your Net Worth Regression
Portfolio is down about 6.2% ytd nominal. add inflation and it's uglier
I do not concern myself with primary RE , the value is dropping like most or all other areas.
I do not concern myself with primary RE , the value is dropping like most or all other areas.
Re: Share your Net Worth Regression
My taxable brokerage is down about 5% YTD. The silver lining of the botched TSP redesign is I can't see how down that is too.
-
- Posts: 1939
- Joined: Fri Jun 21, 2019 7:06 pm
Re: Share your Net Worth Regression
Are most of guys back to around October 2020 level ? I am down close to -900k and the total portfolio is back to around October 2020.
Re: Share your Net Worth Regression
That's right about where I am as well.carminered2019 wrote: ↑Fri Jul 01, 2022 11:24 pm Are most of guys back to around October 2020 level ? I am down close to -900k and the total portfolio is back to around October 2020.
Re: Share your Net Worth Regression
Likely going to get responses all over the board - as I'd expect wide variations based on how much people save, how many years they've been saving, not to mention their AA and overall portfolio.carminered2019 wrote: ↑Fri Jul 01, 2022 11:24 pm Are most of guys back to around October 2020 level ? I am down close to -900k and the total portfolio is back to around October 2020.
But for myself, I'd have to go back to February/March 2021. Remember those days?
Re: Share your Net Worth Regression
If you have 1M your times are not “tough”. Outside the bubble of this board, 95% of people never have that much in their entire lifetime. Something like 80% never get to 1/10 of that.austin757 wrote: ↑Tue Jun 28, 2022 1:52 pmI just want to be able to survive. Times are so tough nowmuitu wrote: ↑Tue Jun 28, 2022 10:38 amCool off buddy. You had approx. 980k more than I do at age 26.austin757 wrote: ↑Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.
A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.
Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?
Does it seem like I am on track financially?
It took me until age 45 to reach that milestone and I am better off than almost everyone else in my extended family. Chill.
Re: Share your Net Worth Regression
My “regression” is about 10%.
60/40 portfolio is off about 15-20% (buoyed by having a bunch of the bond allocation in really safe stuff like TIAA trad and IBonds + 30-40% of income new contribution rate). House value is still climbing.
I think the takeaway is that if your losses are keeping you up at night your AA is not appropriate to your risk tolerance.
60/40 portfolio is off about 15-20% (buoyed by having a bunch of the bond allocation in really safe stuff like TIAA trad and IBonds + 30-40% of income new contribution rate). House value is still climbing.
I think the takeaway is that if your losses are keeping you up at night your AA is not appropriate to your risk tolerance.
Re: Share your Net Worth Regression
I constantly have to share with people in different circles how our circumstances aren't the majority. We tend to surround ourselves with people like us so our views are tainted. In the case of this forum many are seeking information which also puts you in a different category from the rest.jharkin wrote: ↑Sat Jul 02, 2022 5:16 amIf you have 1M your times are not “tough”. Outside the bubble of this board, 95% of people never have that much in their entire lifetime. Something like 80% never get to 1/10 of that.austin757 wrote: ↑Tue Jun 28, 2022 1:52 pmI just want to be able to survive. Times are so tough nowmuitu wrote: ↑Tue Jun 28, 2022 10:38 amCool off buddy. You had approx. 980k more than I do at age 26.austin757 wrote: ↑Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.
A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.
Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?
Does it seem like I am on track financially?
It took me until age 45 to reach that milestone and I am better off than almost everyone else in my extended family. Chill.
-
- Posts: 10843
- Joined: Thu Oct 15, 2015 3:53 pm
Re: Share your Net Worth Regression
It is obviously down since December '21 around 22%. However, it is up around 30% since I retired almost 6 years ago which is the important thing. After taking money out for 6 years and having an almost 25% drop in stocks I feel good that my plan will work long term. I am not counting home value in this and it is probably moot in my area as prices haven't appreciated much.
- AnnetteLouisan
- Posts: 7261
- Joined: Sat Sep 18, 2021 10:16 pm
- Location: New York, NY
Re: Share your Net Worth Regression
I’m down about $18k (not counting contributions* or losses of purchasing power on my savings) on a 15/85 total portfolio (27/73 not counting bank savings). I’m now emboldened to switch my target AA in my securities portfolio from 30/70 to 35/65 or even 40/60. That’s a huge step for me.
*I don’t count losses including contributions because that isn’t a line item on any of my 401k or brokerage account statements.
It should be because my losses appear misleadingly small if you don’t count the fact that I lost essentially all my contributions.
Similarly, bank statements never show what you’ve lost in purchasing power to inflation but it would be unreasonable to expect them to.
*I don’t count losses including contributions because that isn’t a line item on any of my 401k or brokerage account statements.
It should be because my losses appear misleadingly small if you don’t count the fact that I lost essentially all my contributions.
Similarly, bank statements never show what you’ve lost in purchasing power to inflation but it would be unreasonable to expect them to.
Last edited by AnnetteLouisan on Sun Jul 03, 2022 1:37 pm, edited 1 time in total.
Re: Share your Net Worth Regression
Overall AA = 58/40/2
Taxable AA = 80/18/2 (muni’s)
Tax Deferred = 100% fixed income
Down 14%
Taxable AA = 80/18/2 (muni’s)
Tax Deferred = 100% fixed income
Down 14%
-
- Posts: 1050
- Joined: Mon Jan 28, 2019 2:38 pm
Re: Share your Net Worth Regression
Two months later from the below post when this thread got started, and we are still stuck in the same range (although at the bottom end of the range now) that we have been bouncing around in since about September 2021.SnowBog wrote: ↑Fri Jul 01, 2022 11:31 pmLikely going to get responses all over the board - as I'd expect wide variations based on how much people save, how many years they've been saving, not to mention their AA and overall portfolio.carminered2019 wrote: ↑Fri Jul 01, 2022 11:24 pm Are most of guys back to around October 2020 level ? I am down close to -900k and the total portfolio is back to around October 2020.
But for myself, I'd have to go back to February/March 2021. Remember those days?
HootingSloth wrote: ↑Fri May 06, 2022 11:06 am Net worth just keeps flopping around in the $1.55M to $1.65M range for the last maybe 8 months or so. Feels like 2018 a bit from that perspective: a lot of sideways with contributions battling price declines.
Global Market Portfolio + modest tilt towards volatility (80/20->60/40 as approach FI) + modest tilt away from exchange rate risk (80% global+20% U.S. stocks; currency-hedge bonds) + tax optimization
-
- Posts: 10
- Joined: Sun Jul 17, 2022 10:47 pm
Re: Share your Net Worth Regression
Zero debt other than paying off credit cards each month. Never ever carried credit card debt from one month to next. Always paid it off each month. Net worth 1.3 million. Actually flat for the year on 401K account (up .2%). Retired. No plans to touch 401K until 65. I just live off pension. Living a simple life really…no thrills.
-
- Posts: 410
- Joined: Tue Mar 22, 2022 7:18 pm
Re: Share your Net Worth Regression
it's fantastic.
Everything is on a discount!
Everything is on a discount!
-
- Posts: 3944
- Joined: Fri Dec 20, 2019 2:49 am
- Location: Upstate NY
Re: Share your Net Worth Regression
Bh1984 wrote: ↑Sat Jul 02, 2022 6:11 amI constantly have to share with people in different circles how our circumstances aren't the majority. We tend to surround ourselves with people like us so our views are tainted. In the case of this forum many are seeking information which also puts you in a different category from the rest.jharkin wrote: ↑Sat Jul 02, 2022 5:16 amIf you have 1M your times are not “tough”. Outside the bubble of this board, 95% of people never have that much in their entire lifetime. Something like 80% never get to 1/10 of that.austin757 wrote: ↑Tue Jun 28, 2022 1:52 pmI just want to be able to survive. Times are so tough nowmuitu wrote: ↑Tue Jun 28, 2022 10:38 amCool off buddy. You had approx. 980k more than I do at age 26.austin757 wrote: ↑Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.
A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.
Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?
Does it seem like I am on track financially?
It took me until age 45 to reach that milestone and I am better off than almost everyone else in my extended family. Chill.
I traveled to India and to the Far East a few times for work. Great places and great folks. I was much more appreciative of what I had and what my day to day life was after watching the struggle many people had for food and shelter. As Warren Buffett says - we won the ovary lottery. Thru nothing but sheer luck. R’amen.
-
- Posts: 2388
- Joined: Fri May 17, 2013 7:09 am
Re: Share your Net Worth Regression
Its my fault everyone. I retired at 57 last July. Since then: ballooning inflation, plummeting investment markets, and at or near recession territory. At last check my portfolio was down -12.2% since I retired, and my net worth down about 9%. Both are nominal calculations.
The three OMY ("one more year") cards I played are looking pretty good as I'm still viable thanks to a bit of oversaving and having learned to disconnect contended living from high spending. But if this keeps up too long I might be that not-so-old guy greeting you with, "Welcome to Walmart."
The three OMY ("one more year") cards I played are looking pretty good as I'm still viable thanks to a bit of oversaving and having learned to disconnect contended living from high spending. But if this keeps up too long I might be that not-so-old guy greeting you with, "Welcome to Walmart."
Don't do something. Just stand there!
Re: Share your Net Worth Regression
Ouch. I shouldn't have looked. Investible assets down 19%. It doesn't change my life, but it's not pretty. On the bright side, I locked in a 30-year fixed mortgage at all time low rates in 2021. Never paying that off early.
- Darth Xanadu
- Posts: 1108
- Joined: Sat Jan 27, 2018 12:47 am
- Location: MA
Re: Share your Net Worth Regression
Similarly, my net worth is down 7.5% and my liquid assets are down 11.2%.IlliniDave wrote: ↑Tue Jul 19, 2022 6:10 am At last check my portfolio was down -12.2% since I retired, and my net worth down about 9%. Both are nominal calculations.
Re: Share your Net Worth Regression
Our liquid assets are still up about 17% since retiring about 5 years ago.
Re: Share your Net Worth Regression
Posts like these sometimes want to make me leave this board. Over 1 million at 26 and you feel like a loser? Maybe you want to step outside and look around you, gain some perspectiveaustin757 wrote: ↑Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.
A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.
Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?
Does it seem like I am on track financially?
-
- Posts: 1043
- Joined: Thu Aug 13, 2015 1:05 pm
-
- Posts: 920
- Joined: Fri Nov 29, 2019 10:25 am
Re: Share your Net Worth Regression
Peaked at around 925k
Now at 775k
Now at 775k
Re: Share your Net Worth Regression
I posted a while back that my our net worth had more or less stayed the same through much of the downturn because losses were cancelling out new contributions. I just updated our financial statement, and that's still pretty much the case. We've been hovering slightly over $1m net worth for many months now. Obviously getting nowhere with new contributions and losing purchasing power to inflation isn't technically breaking even in real terms, but it's interesting how if you can keep contributing during a downturn, depending on many factors, it may very well be possible to stay mostly afloat while weathering the storm.
-
- Posts: 35
- Joined: Wed Jun 01, 2022 8:17 am
Re: Share your Net Worth Regression
471k to 377k. Even with pumping money in every month, stay the course!