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.
Welcome to a super-boring Performance Update! Yay! Or not. My heart isn’t into this one because 11/1 feels like a loooonnnng time ago. Since then, my portfolio has dropped in spectacular fashion.
I haven’t been posting much because life has been busy. We’re wrapping up the Project House (update soon!). Getting this sucker rented early in 2023 is our number 1 priority for 2023.
In November, our net worth dropped from $3,856,020 to $3,843,825 for a loss of $12,195:
2022 (as of 12/1/2022)
- Days elapsed: 334
- Net worth gains (actually losses): –$1,148,917
Since the Start of The Experiment (1/1/2013)
- Days elapsed: 3,621
- Net worth gains: $3,027,782
Tesla The Stock versus Tesla The Company
Since December 1st, the old net worth has fallen another $500,000. Most of this is due to the spectacular decline in Tesla’s stock price. Elon Musk’s stock sales, rising interest rates, Musk’s Twitter hijinks, concern about demand in China, and a potential worldwide recession have created a perfect sh*t-storm for the stock price.
On the flipside, Tesla The Company is doing well. Tesla’s 4680 and Cybertruck initiatives are much delayed, but are finally spooling up. In 2023, the Austin and Berlin factories will be at volume production. Tesla’s charging network is expanding aggressively. It’s Megapack (grid level energy storage) factory is rocking and rolling. The world is moving towards electrification and Tesla is leading the charge (see what I did there?) in autos and more.
Would you rather have:
- A company that’s doing great and a sh*tty stock price?
- A company that’s on the ropes and a great stock price?
I’d always take the former and that’s where I believe Tesla is now.
I would also argue that Tesla had a bloated stock price pumped up by exuberant retail investors, so some of this decline was a necessary adjustment.
But, I’m an index investor now. I look forward to eventually moving all of our money to index funds so I don’t have to think about stuff like this anymore!
More 1500 Days!!!
You can also find me (and the dinosaurs) at:
Mile High FI podcast:
- Facebook: Facebook group and page
- YouTube: My channel is mostly devoted to home improvement, but I have some other material coming up soon too.
- Instagram: Pretty pictures of dinosaurs, sunsets, and nail guns!
- Twitter: Spontaneous, often insane, ramblings
- Coworking space: On the surface, MMM HQ is a coworking space. Look a little deeper and you’ll see that we’re really building community. The members of MMM HQ are some of the finest people I know.
*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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