All my net worth is the cash I made :( minus some small appreciation from 401k. Nw 1.3 m
I am 27 also at 1.3m, only 10% cash. But the flip side is i could lose a million if the US gets nuked tomorrow.
If the US gets nuked you're fucked either way- the world is gonna get fuxked
Geez how'd you get such a high NW? Got lucky on some stocks?
The question is, what are you going to do about it? Why did you need a poll?
I restarted working only a couple years ago. First time in the US In my early 40s. Gained some financial knowledge only about a year or two ago. But I've made changes to my investments. I've a long way to go. Curious on what changes you've made after your realization
What investment changes have you made?
Well, first, I had no knowledge of HYSA. Knew only about savings account! While I read up on other securities, I let my earnings sit in an HYSA After learning about what I can do with a 401k, I changed its underlying investment from a target date fund to VIGAX as I wanted more aggressive growth. Since Feb 2022, that has yielded me significant returns. Encouraged with my understanding, I now have a Wealthfront cash account that earns 5.5% (with referral, 5 otherwise) on uninvested cash and opened up a self-directed investing account with investments only in low-cost passive Index funds. This is more recent though, but I'm happy with my decision. VOO VXUS XLV XLF are my only current ones Oh, and my HSA's also I invested some portion in VIIIX and VFTAX as they were the only good ones for my taste available I've linked all mine in Wealthfront that offers a unified view of my projected assets. It says if I keep my savings coming in, I can comfortably reture at 59 with a good NW. That is, with 2K savings per month and a spendy attitude at retiremnet, those are my projections. Of course I will tweak and asjust to see when I can be financially independent. I know I'm late, but never too late in this game After all that, bumped into another great book this week. "I will teach you to be rich" by Ramit Sethi Non-nonsense straight advice! But my journey started with "The Little book of Common Sense Investing" At least I'm a financial literate now and future looks positive
Nw could’ve been 10m by now but you do you!
Wait for next correction, nobody knows when it will come but come it will, and go in, 25% at each 10% correction mark. Even looking back 3 years, there were at least 4 occasions where a correction opportunity showed up.
The best time to start is today my bro. BTW, I started at 39 or 40, can’t remember.
Not the right device. Right now is ATH, or the best time.
In the great scheme of things my dude. What if OP is distracted and forgets to do it at correction? Yeah OP, you can wait for events like these, but you’ll need discipline and attention. Or you can automate to start, then, *in addition* invest more at corrections.
Yesterday was the best time to invest, next best time is now
Incorrect, the market is closed now..
The market is even closed tomorrow!! Yesterday was indeed the best and only time to invest relative to now and tomorrow.
I hear such stories from time to time but people generally say they did it because stock is a bubble or a lottery. Why did you stay away?
I started late. Mostly ignorance. I didn’t take the time to learn about it before. Other issues were more pressing. Many questions on whether as a non US citizen I was going to be able to use such funds at home. When I started to earn absurd amounts due to stock appreciation, and because it was the pandemic and had more time, I started to learn and got to opening accounts and max out everything. I did invest a little before on Robinhood and lost money by letting fear guide my actions. I guess that was part of it. I didn’t learn enough about diversifying, so it all seemed extremely risky.
Interesting. Have you ever run a calculation to see how much you missed? Maybe not that much if you started earning recently. Not a bad idea to figure this and just face the truth.
Hmm that is a lot of cash. What was ur TC for the last 5-10 yrs?
Health & Wellness
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870
Misdiagnosed As a Child
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770
Meta E6 offer.
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Yesterday
2297
Job market is brutal for SWEs 🥲
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2121
Lots of layoffs this week!
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804
Here are three stats about how your money is increasingly useless after the most recent inflation report
better than me. I sold all my rsus on vest to yolo in options and lost.
based and bankrupt-pilled
Tell me more about what and when you bought? Not that I am in similar boat, but due to some situations I created myself, I am now 6 figures in options.