Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: whyohwhyoh Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5069  
Subject: 2006 FIRE Update Date: 1/4/2007 5:20 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 3
1. Net worth up 23% in 2006 to 5.6 NW/AI (net worth/annual income) versus goal of 19%.
2. Annualized gain in picked stocks (tax/IRA/401k) was 25.5%! vs. 12% S&P500.
3. Biggest winners were BWLD, BMY, WLT, NUAN. Biggest loser SCSS. Go BMW Method + Hidden Gems!
4. Moved portion of my 401k into picked stocks to take advantage of the returns I have been yielding the past ~6 years.

Current Portfolio:
46% Picked Stocks (Top 4: BMY, BWLD, SBUX, NUAN)
14% 401k Mutual Funds (42% S&P500)
33% Real Estate (House Value*0.93-mortgage)
7% Fixed Income (T-bills, CA-exempt MM)

Graph of past few years of net worth progress. Most of our net worth growth this year came in Q1 and Q4.
http://pic40.picturetrail.com/VOL362/677161/9280113/219196799.jpg

2007 should be a bit less stressful than the previous year, but I am also fully prepared for a serious pullback in the stock market. We have been spoiled by this market the past few years. Our net worth goal for 2007 is a 17% increase, which would bring us to 6.5 NW/AI.

I really have no prediction of when we will FIRE. It now appears that 10NW/AI won't be enough as I have a son now at age 1, and possibly another in the future. My goal is still at age 40, 8 years from now, which at 11% stock market returns would put us at ~16 NW/AI, a comfortable retirement.
--
whyohwhyoh

2005 Update: NW/AI=4.5
http://boards.fool.com/Message.asp?mid=23507890

2004 Update: NW/AI=3.0
http://boards.fool.com/Message.asp?mid=21842676

2003 Update: NW/AI=1.5
http://boards.fool.com/Message.asp?mid=20380221


Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement