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Retirement Discussions / Retire Early Liberal Edition
|Subject: Re: Liberal Early Retirement||Date: 2/7/2007 8:38 PM|
|Author: intercst||Number: 1293 of 53557|
That's "luck", too, of course, just not the "intrcst won the stock market lottery with Dell" type you're moaning about. Some people have one kind, some people have another - and some get none at all. That's life. I have some sympathy for those who fall into category #3. Most "Conservatives" I have noticed do not and I'm not sure that's a very admirable trait.
Not to put too fine a point on it, but my investment in DELL was about a 3-bagger when I retired in 1994. It wasn't until after I retired that DELL grew exponentially and propelled me into the ranks of the multi-millionaires.
Prior to my retirement at age 38, my investment portfolio only beat the return on the S&P500 by about 1% per year over the previous decade. Living frugally and saving a large portion of my salary (50% of my gross salary the last 3 or 4 years I was working) had much more to do with being able to retire early rather than extraordinary investment returns.
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