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 as well as my goal for the end of 2015. Time to look back on the month of July.
My portfolio continued to rock and roll in July. I started the month at $913,233 and ended at $924,818. Considering the S&P 500 had a drop of 1.6% for the month, these returns are sweet. Most of my run up was due to facebook**, a bet I made a long, long time ago. Here are the numbers as of 7/31/2014:
- Days elapsed: 213
- Days remaining: 152
- 2014 gains: $55,183
- Left to go (2014): Goal accomplished!
Since the start (1/1/2013)
- Days elapsed: 576
- Days remaining: 954
- Gains since 1/1/2013 gains: $338,775
- Needed for $1,000,000: $75,182
- Net worth***: $1,124,818
I’m going to show you mine!
I’ve always been hesitant to share my portfolio. I have some individual stocks and I think that this is a dangerous idea for most investors. The last thing I want to do is give anyone bad ideas. For the sake of transparency, I do need to tell you what I own and why I own it. I’ll start doing this one week from today. Stay tuned.
*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.
**Lawyer/legal bleating: I’m not a financial adviser and this shouldn’t be looked upon as advice. Do your own research! I’ll explain why I bought this next week.
***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
- extensive book collection
- vast assortment of plastic dinosaurs
- toilet paper; lots and lots of toilet paper
- fancy LED light bulbs everywhere!
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*Only if your life is pretty bad to begin with.