My main goal is to build a portfolio of $1,000,000 in 1500 days with no debt*, starting from 1/1/2013. Every month, I provide an update on my status. My goal for 2014 is to get my portfolio up to $768,536. Because we saw exceptional returns in 2013, I have accomplished this goal. Time to look back on the month of June.
June was another good month. I started at at $882,486 and ended at $913,233. Woo! Here are the numbers as of 7/1/2014:
- Days elapsed: 182
- Days remaining: 183
- 2014 gains: $43,568
- Left to go (2014): Goal accomplished!
Since the start (1/1/2013)
- Days elapsed: 546
- Days remaining: 954
- Gains since 1/1/2013 gains: $327,160
- Needed for $1,000,000: $86,767
- Net worth**: $1,113,233
Halfway through 2014
Hard to believe we’re halfway through 2014. Time is flying. Two things stand out regarding my portfolio:
- Sayonara cashola. I started the year with $50,000 in cash. It’s been decimated to $10,000. Ugggh. Home improvements always cost more than I think and remodeling my current home is no exception. The good news is that we’re done with most of the costly items and will back to saving mode by the end of the year. Based on recent sales in my ‘hood, I’m confident that if I were to sell my home, I’d be able to make a hefty profit as well. (Mrs. 1500 note: We are NOT EVER selling this house. The girls can sell it after we die. I hate living in a remodel project, and this is the last one, ever!!! Mr. 1500 note: Never say “never!”)
- Investments are killing it. At the start of the year, my investments were worth about $819,723. They have grown to $913,233, for a gain of 11%. Compare this with the S&P 500 growth of 6.1%. If I was pressed for an answer, I believe I’ll finish the year strong as well.
About that 2nd Bullet Point
The most common question I get is this: “What do you invest in”? This is an easy question with an easy answer, but a very complicated explanation. It’s so complicated that I need at least 4 posts to explain it all. I’m finally ready to do so and will tell all in August.
In the meantime, anyone want to come over and play Hot Wheels?
*I still owe something like $120,000 on my mortgage. Because I have a low rate, I firmly believe in not paying it off. My compromise is to have enough money put away to pay off the mortgage at time of retirement. So, to retire today, I would need about $1,120,000.
**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
- kitchen utensils
- vast assortment of t-shirts
- rubber ducks
- power tools
- Hot Wheels collection***
Mrs. 1500 note: I think it’s funny that he mentions all these things in the same sentence. While we have significant equity in the home, the cars might be worth $5,000 if you were to find an extremely generous appraiser. We have been unpacking boxes, and if I were to show you Mr. 1500’s collection of t-shirts, every single one of you would tell him he has no business calling ME a hoarder… Our bicycles and power tools, if included in the net worth, might actually push us over the edge of $2 Million. Sadly, the Hot Wheels collection has been decimated by the littlest 1500, who destroys everything she touches…
***My anti-consumer instincts are strong and powerful in almost all aspects. However, I cannot pass on a cool Hot Wheels.
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