My main goal was to build an investment and cash portfolio of $1,120,000* in 1500 days**, starting from 1/1/2013 and ending in February of 2017. I made my goal last year and my 1500 Days are over, but in the interest of openness, I’ll continue to share my numbers.
Our 7 year old (I’ll call her D) says crazy things. On a recent trip, she unleashed a couple memorable lines:
Dad, I’m not risking my life for that.
Much to my angst, she loves TV. I hardly ever let her watch it, but in a hotel room, I had some stuff to do. To keep her busy, I said it was OK if she watched one show. She got very agitated when she couldn’t get the TV to work and with great enthusiasm, she let this out:
The TV is a douchebag!
I hate that word, so I never use it. I wonder where Daughter D got it from? Oh wait, I know:
Anyway, I recently had a conversation with Daughter D about money:
- Me: What is your net worth?
- D: Ummm???
- Me: I mean, how much money do you have?
- D: $45.
- Me: Is that a lot?
- D: No.
- Me: What is a lot?
- D: $100.
- Me: What would you do with $100?
- D: If there was a house for like $99, I’d buy it. I’d then fill it with dogs.
- Me: Do you know what our house is worth?
- D: Probably $1,000,000. (Actual value is $460,000)
- Me. How much did our Honda Element cost?
- D: $200. (Actual price was $20,000)
And so it goes. Little Daughter D has a lot to learn about money.
March was a great month. My portfolio went from $1,351,858 to $1,389,206 for a gain of $37,348. $16,470 of the gain was from 401(k) contributions.
2017 (as of 3/31/2017)
- Days elapsed: 90
- 2017 gains: $132,078 (including 401(k) contributions of $27,940****)
Since the start (1/1/2013)
- Days elapsed: 1550
- Gains since 1/1/2013: $803,163
- Needed to quit work ($1,120,000 in investments): Mission accomplished!
- Net worth*****: $1,759,206
Market valuations are sky high and it scares me. Continue reading