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.
Leaving formal work has been wonderful, great, super, fantastic and awesome. But there was a period of adjustment. I should have sat around for a week did nothing except for eat Cheetos and watch TV (Mmy fingers aren’t orange and the TV remains asleep, so I did neither).
I tried to do everything else though. And it didn’t go so well. First though, let’s start with some fart humor.
I joined my daughter at a museum sleepover with her school. Right before bed, we watched the Fart Presentation. The Fart Presentation was a talk given by a scientist about farts and other disgusting body functions. The kids loved it (who am I kidding, so did I!):
Then came bedtime. We all camped out on the floor in front of the museum’s display cases:
My stomach was grumbling with incredible gaseous distension, but my moment was about to arrive. As soon as the lights were turned off and I had the freedom of anonymity, I expelled gas with wild abandon:
Welcome everyone to Fart Presentation, Part 2!
The audience was receptive (giggles everywhere). There was even an outburst of:
Check your pants! I think you sharted!
The things I do to entertain children…
Here is What Else I Did
The cars fit!: I cleaned out the garage. After four years of living in the house, both cars now reside in the garage (the NSX hadn’t arrived yet):
Dishwasher chaos: The dishwasher broke, this time for good. I tried to fix it and then gave up:
Berkshire meeting! Mrs. 1500 and I went to see the Penny Planters in Florida where we drove hot cars and watched Warren and Charlie lecture the masses:
I went back to Wisconsin to buy an Acura NSX (more on this next week):
I drove the NSX down to St. Louis where I stayed the night with a family member. I then drove home where I got pulled over two blocks from my home for a license plate cover infraction (slow day for the cops).
Friends came into town and we went hiking in Boulder:
We then went to Red Rocks to see a show:
Very bad cats: I then found out the NSX had no catalytic converters. The owner conveniently didn’t disclose this information. Meanwhile, I can’t register the car (taking these emission controls off isn’t legal).
This has led me on a wild
goose cat chase. I ordered new catalytic converters and they just showed up:
Shoveling snow: If anything is certain here in Colorado, it’s that the weather is uncertain:
Moving: My friend up in Fort Collins moved last weekend and I helped him lug his stuff over to his new place. My biceps are still sore.
I organized my tools: My tools have been in disarray for years. There is nothing worse than a 20 minute job taking 40 minutes because you can’t find anything. I started with my sockets:
Wrenching on the Mazda: The family truckster (Mazda 5) needed new oil and spark plugs before our big trip. As is my modus operandi, I spilled most of the oil all over the driveway. At least the car is ready to go.
Birthday party: My incredibly talented friend L made this awesome cake:
Fences: Building fences is popular lately, so I helped a neighbor repair hers:
Damn, I’ve been busy. It’s hard for me to sit still, but I’m overwhelmed.
I’m not complaining. Life has been great. I should have toned it down a bit though. And I probably shouldn’t have dined at Taco Bell before the museum trip.
April was a great month! I mentioned my stock holdings in the recent portfolio update, One of the biggest, Google, had great earnings. While I’m in it for the long-term, short-term gains like this don’t make be unhappy:
Google is my best investment. Accounting for the split, I bought it at $42.50 when it IPOd way back in August of 2004. Say it with me now:
My investment portfolio/cash passed $1,400,000 for the first time.
When I add my house and dinosaurs into the mix, my net worth is just shy of $1,800,000. Life is good.
2017 (as of 4/30/2017)
- Days elapsed: 120
- 2017 gains: $160,332 (including 401(k) contributions of $30,220****)
Since the start (1/1/2013)
- Days elapsed: 1580
- Portfolio gains since 1/1/2013: $831,417
- Needed to quit work ($1,120,000 in investments): Mission accomplished!
- Net worth*****: $1,787,460
Updates on Everything Else
I haven’t been working out. I haven’t been keeping track of the budget or beer either. I’m going to resume all of that in my June update. Time for bed.
*My goal wasn’t to have $1,120,000 at the end of 1500 days, but at any time before the day count was up. Why? It all goes back to the 4% Rule. Remember that our little friend, Mr. 4%, is nothing more than the most conservative safe withdrawal rate. So, if I were to quit my job now, I could spend about $48,000 in my first year of retirement. I’d stick very close to that number too because market valuations are ambitious. Let’s say that Mr. Market caught a cold tomorrow and my portfolio dropped down to $800,000. No big deal. This would mean I’d be safer stretching my spending a little north of 4%.
**My original goal was $1,000,000 and no debt, I later raised the goal by $120,000 to $1,120,000 because I will have debt in the form of a mortgage and I firmly believe in not paying it off. My compromise is to have enough money put away to cover the mortgage at the time of retirement. So, to retire today, I would need about $1,120,000.
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****My 401(k) contributions include my own, Mrs. 15oo’s, and the contributions from my corporation. Self-employment with a solo 401(k) is a very powerful savings tool. I should have done this years ago.
*****The numbers on the right side of the page only reflect my investments and cash. Net worth includes, but is not limited to:
- Home equity ($350,000 after the appraisal!)
- Legosaurus: My Sons Father put together this awesome post and then sent me the dinosaur. How cool is that?
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