inflation

A New Mortgage With A Side Of Lucky Market Timing

May 5, 2020 by Mr. 1500 Days 24 Comments

Back in September, Mindy and I bought another home to live-in flip. Getting a good deal meant that we'd have to pay cash and close quickly. Here was our plan to come up with $350,000+ and what we'd do after: September 2019: Sell $100,000 in stocks, borrow $200,000 from our HELOC, sell the Acura NSX ($45,000) and use cash savings to fund the home purchase. January 2020: … [Read more...] about A New Mortgage With A Side Of Lucky Market Timing

My goal was to build a portfolio of $1,000,000 by February of 2017; 1500 days from the birth of this blog (January 1, 2013). And hey look, I’ve since retired!

Investments only
1/1/13 (The Start): $586,043
1/1/14 (1 Yr Later): $869,635
1/1/15 (2 Yrs Later): $987,351
1/1/16 (3 Yrs Later): $1,057,961
1/1/17 (4 Yrs Later): $1,257,128
1/1/18 (5 Yrs Later): $1,527,701
1/1/19 (6 Yrs Later): $1,549,440
1/1/20 (7 Yrs Later): $2,035,040*

2020: Investments only
1/1: $2,035,040
2/1: $2,118,622
3/1: $2,078,857
4/1: $1,979,773
5/1: $2,491,119**

*Note: The big jump between 2019 and 2020 was partly because we bought another home, but kept the previous (much more expensive) one as a rental, so now count it as an investment.

**Note: We did a cash out refinance on our primary home and invested the money, hence the huge increase in the investment part of our portfolio. It also didn’t hurt that our tech stocks had a stupendous month.

2020 investment gains: $456,079

Overall
Gains since 1/1/2013: $1,905,073
Net worth***: $2,641,119

***Includes our primary home equity in addition to our investment portfolio.

Finally, we still have about $370,000 in mortgage debt (which I love!). My solution was to accumulate enough money to cover this or $1,100,000.

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