My main goal* was to build an investment and cash portfolio of $1,120,000* ($1,000,000 to retire on and $120,000 to pay off the house) in 1500 days**, starting from 1/1/2013 and ending in February of 2017. I made my goal in 2016, my 1500 Days are over, and I’ve left my job. In the interest of openness, I’ll continue to share my numbers.
Today I give you a quick and dirty post. Its purpose is to share numbers for December. Usually I tell you what’s going on over here in Longmont or regale you with an investing lesson. Not today. All I have for you is a nice picture of a metal dinosaur next to a cactus:
I’ll have much more to say next week when I publish a review of 2020. Here’s a sneak preview:
I kid, I kid! 2020 wasn’t the best year, but there was still much to be thankful for.
Yippee, another month of growth. Our net worth started the month at $3,363,173 and ended at $3,519,746 for a gain of $156,573
I’m beginning to sound like a broken record, but once again, the main driver of the appreciation was Tesla:
No stock goes bonkers forever, but it’s been a fun ride. Not as fun as riding in an actual Tesla, but I’ll get there someday.
2020 (as of 12/31/2020)
- Days elapsed: All 365 miserable-ass days! Good-riddance 2020!
- Investment portfolio gains: $1,345,246 (Our gains are outsized because we took equity out of our home in order to increase our investable assets. The next number, net worth, which includes home equity, is more accurate.).
- Net worth gains: $1,119,706
Since the Start (1/1/2013)
- Days elapsed: 2921
- Investment portfolio gains: $2,793,703
I have a lot more to say about 2020. but I’ll save that for next week. In the meantime, happy new year! I hope 2021 is your best ever!
*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. Since my investment portfolio now sits at $1,550,000, I can spend about $62,000 in my first year of retirement.
**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 (LOOK at the MONEY I’m MAKING!). My compromise was to have enough money put away to cover the mortgage at the time of retirement.
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****My 401(k) contributions include my own, Mrs. 1500’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.
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