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|Subject: FIRE mid-year update 2008||Date: 7/1/2008 1:57 PM|
|Author: whyohwhyoh||Number: 4619 of 5048|
Here is a mid-year update on our retirement goals....
--Net worth down almost 1% since 1/1/08. Now at 5.3 NW/AI at age 34.
31% Picked Stocks (Top 4 holdings: SSD, BMY, BWLD, BUD)
8% Stock Options
17% 401k Mutual Funds (75% S&P500 index fund)
37% California Real Estate (Our House Value*0.93-Mortgage)
7% Fixed Income (Savings, CA-exempt MM)
2008 Notes so far:
Funded one 2008 Roth and one 2008 ERA so far. On par to fully fund 401k.
Tough market so far with the S&P500 dropping 15%.
Upward adjustment to AI.
Increase in stock option value, BUD and BWLD have saved our net worth.
Poor choice in dumping money into bank stocks a few months ago.
FIRE at age 40 is looking impossible, but it is only a goal. Now with 2 kids, a 3+ month vacation later this year, and the desire to purchase a larger house will definitely affect our financial strategy over the next 12 months.
NW/AI historical chart
2007 Update: NW/AI=5.3
2006 Update: NW/AI=4.6
2005 Update: NW/AI=3.7
2004 Update: NW/AI=2.5
2003 Update: NW/AI=1.4
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