The Motley Fool Discussion Boards
Retirement Discussions / FIRE Wannabees
|Subject: FIRE mid-year update 2010||Date: 8/6/2010 8:36 PM|
|Author: whyohwhyoh||Number: 4883 of 5074|
A bit late, but here is a mid-year 6/30/10 update on our retirement goals....
--Net worth up 2% since 1/1/10. Now at 3.5 NW/baseAI at age 36.
23% Picked Stocks
27% 401k Mutual Funds (75% S&P500 index fund)
40% California Real Estate (Our House Value*0.93-Mortgage)
10% Fixed Income (Cash Savings, Money Market)
2010 Notes so far:
Cruising along well this 6 month period. Working towards fully funding a 401k, and watching our mortgage principal slowly reduce. Housing market in our zip code has increased 7.5% over the past 12 months since we purchased, which is a large portion of our net worth, although I only allowed a 3% annual growth in my calculations above. Just moved some stocks around adding large XOM purchase, with 3 top holdings now (BMY, XOM, SBUX). Should build up a nice cash reserve targeting 15% of net worth by the end of the year via some substantial bonuses.
My latest mental game concerning FI is to monitor when we will hit the $500,000 net gain on our home. We would need a ~70% gain from our purchase price. I figure if we can get lucky with a house market recovery over the next 6 years along with continued savings etc. I could hit a NW/AI of 8, which would give us the financial independence needed to be able to make the decision on whether or not to take a pause from the workforce. Go buy a small house in France and chill for a few years. Dreaming.
2009 Update: NW/AI=3.6
2008 Update: NW/AI=3.7
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
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|