500K milestone celebration

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Streptococcus
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500K milestone celebration

Post by Streptococcus » Thu Jan 05, 2017 9:19 am

I know it's not a big deal to many of you guys but we became bogleheads in April 2013 and our first goal was to exceed the 500K milestone before the end of 2016: Check! A little more than 3.5 years.
Thank you so much for all your inspiration, advices and guidance. Next milestone, seven figure before 2020.

Grt2bOutdoors
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Re: 500K milestone celebration

Post by Grt2bOutdoors » Thu Jan 05, 2017 9:21 am

Congratulations! :sharebeer
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

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JDCarpenter
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Re: 500K milestone celebration

Post by JDCarpenter » Thu Jan 05, 2017 9:34 am

:beer

Now, compounding becomes your friend.
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Jags4186
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Re: 500K milestone celebration

Post by Jags4186 » Thu Jan 05, 2017 9:35 am

Congrats!!! We're $15k short...it's a nice big psychological number...
Last edited by Jags4186 on Thu Jan 05, 2017 9:39 am, edited 1 time in total.

ReadyToRetire
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Re: 500K milestone celebration

Post by ReadyToRetire » Thu Jan 05, 2017 9:36 am

That is a HUGE deal! Don't let anyone tell you different. Congratulations!!!!!!!!!!!!!!!!!!!!!

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BrandonBogle
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Re: 500K milestone celebration

Post by BrandonBogle » Thu Jan 05, 2017 9:43 am

Congratulations!! These goals are very meaningful to the success of our retirement plans and provide a great psychological bonus to our "hands-off" investing methodology. Great job!

weedf16
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Re: 500K milestone celebration

Post by weedf16 » Thu Jan 05, 2017 9:44 am

Job well done! Just curious, what was your starting number in 2013?

:sharebeer

JimmyD
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Re: 500K milestone celebration

Post by JimmyD » Thu Jan 05, 2017 9:57 am

Congrats! Also just curious: net worth or portfolio value?

retire57
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Re: 500K milestone celebration

Post by retire57 » Thu Jan 05, 2017 10:07 am

That's a huge achievement ! Congratulations !!!

mister37
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Re: 500K milestone celebration

Post by mister37 » Thu Jan 05, 2017 10:20 am

Congrats! Every milestone counts. :sharebeer
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stemikger
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Re: 500K milestone celebration

Post by stemikger » Thu Jan 05, 2017 10:22 am

ReadyToRetire wrote:That is a HUGE deal! Don't let anyone tell you different. Congratulations!!!!!!!!!!!!!!!!!!!!!


+1

It certainly is! Congratulations on quite an accomplishment!!!

:sharebeer
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!

Streptococcus
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Re: 500K milestone celebration

Post by Streptococcus » Thu Jan 05, 2017 12:50 pm

weedf16 wrote:Job well done! Just curious, what was your starting number in 2013?

:sharebeer

Around 50K, our efund.

Streptococcus
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Re: 500K milestone celebration

Post by Streptococcus » Thu Jan 05, 2017 12:51 pm

JimmyD wrote:Congrats! Also just curious: net worth or portfolio value?

Portfolio. But networth is about the same as the equity on our house equals the debt and we have no other debt.

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meowcat
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Re: 500K milestone celebration

Post by meowcat » Thu Jan 05, 2017 12:52 pm

No small feat, congratulations!
More people should learn to tell their dollars where to go instead of asking them where they went. | -Roger Babson

staybalanced
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Re: 500K milestone celebration

Post by staybalanced » Thu Jan 05, 2017 12:53 pm

Voyager Select, ask them for a coffee mug.

MrNewEngland
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Re: 500K milestone celebration

Post by MrNewEngland » Thu Jan 05, 2017 12:54 pm

Streptococcus wrote:I know it's not a big deal to many of you guys but we became bogleheads in April 2013 and our first goal was to exceed the 500K milestone before the end of 2016: Check! A little more than 3.5 years.
Thank you so much for all your inspiration, advices and guidance. Next milestone, seven figure before 2020.


Congrats, that's awesome! I'm still quick a distance from hitting that, but it's getting closer.

If you don't mind me asking: how old are you?

NoD
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Re: 500K milestone celebration

Post by NoD » Thu Jan 05, 2017 1:53 pm

As someone who just crossed 200k portfolio, I really enjoy these 'check in' posts personally. They definitely keep me motivated to hit goals this high someday!

Congrats on half millionaire status! :sharebeer
Some day we'll look back on all this and plow into a parked car.

monsterid
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Re: 500K milestone celebration

Post by monsterid » Thu Jan 05, 2017 1:57 pm

Congrats.

CoAndy
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Re: 500K milestone celebration

Post by CoAndy » Thu Jan 05, 2017 1:57 pm

Streptococcus wrote:
weedf16 wrote:Job well done! Just curious, what was your starting number in 2013?

:sharebeer

Around 50K, our efund.
Wow! From 50k to 500k in about 3.5 years? Awesome! :beer

wilked
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Re: 500K milestone celebration

Post by wilked » Thu Jan 05, 2017 2:04 pm

CoAndy wrote:
Streptococcus wrote:
weedf16 wrote:Job well done! Just curious, what was your starting number in 2013?

:sharebeer

Around 50K, our efund.
Wow! From 50k to 500k in about 3.5 years? Awesome! :beer

$12K/month (ignoring growth!)

Some serious savings, nice work

renn20
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Re: 500K milestone celebration

Post by renn20 » Thu Jan 05, 2017 2:09 pm

Congrats!

I started to bogle 4 years ago. Could you share your experiences ?

I have a tiny taxable account and maxed out 401k and iras. but not performing as much as expected. I know one issue is that I am not very active on managing the funds

LateStarter1975
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Re: 500K milestone celebration

Post by LateStarter1975 » Thu Jan 05, 2017 2:11 pm

ReadyToRetire wrote:That is a HUGE deal! Don't let anyone tell you different. Congratulations!!!!!!!!!!!!!!!!!!!!!


+1
Debt is dangerous...simple is beautiful

LateStarter1975
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Re: 500K milestone celebration

Post by LateStarter1975 » Thu Jan 05, 2017 2:13 pm

NoD wrote:As someone who just crossed 200k portfolio, I really enjoy these 'check in' posts personally. They definitely keep me motivated to hit goals this high someday!

Congrats on half millionaire status! :sharebeer


You can say that again!
Debt is dangerous...simple is beautiful

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xyz12
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Re: 500K milestone celebration

Post by xyz12 » Thu Jan 05, 2017 2:14 pm

Congrats! :beer :beer

grettman
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Re: 500K milestone celebration

Post by grettman » Thu Jan 05, 2017 2:25 pm

Look out! That snowball heading your way is run-away growth due to many years of compounding returns!

Nate79
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Re: 500K milestone celebration

Post by Nate79 » Thu Jan 05, 2017 2:43 pm

We are at $450k, so almost at the milestone (net worth is $700k) at age 37. But in the back of my mind I know that this will decrease a lot when the market drops next. So remember $500k can become $250k next year but can't be discouraged and must stay the course.

monsterid
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Re: 500K milestone celebration

Post by monsterid » Thu Jan 05, 2017 2:51 pm

wilked wrote:
CoAndy wrote:
Streptococcus wrote:
weedf16 wrote:Job well done! Just curious, what was your starting number in 2013?

:sharebeer

Around 50K, our efund.
Wow! From 50k to 500k in about 3.5 years? Awesome! :beer

$12K/month (ignoring growth!)

Some serious savings, nice work


Seriously impressive.

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FelixTheCat
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Re: 500K milestone celebration

Post by FelixTheCat » Thu Jan 05, 2017 3:27 pm

Congratulations! :beer
Felix is a wonderful, wonderful cat.

Streptococcus
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Re: 500K milestone celebration

Post by Streptococcus » Thu Jan 05, 2017 4:17 pm

MrNewEngland wrote:
Streptococcus wrote:I know it's not a big deal to many of you guys but we became bogleheads in April 2013 and our first goal was to exceed the 500K milestone before the end of 2016: Check! A little more than 3.5 years.
Thank you so much for all your inspiration, advices and guidance. Next milestone, seven figure before 2020.


Congrats, that's awesome! I'm still quick a distance from hitting that, but it's getting closer.

If you don't mind me asking: how old are you?

Low 40s

Streptococcus
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Re: 500K milestone celebration

Post by Streptococcus » Thu Jan 05, 2017 4:18 pm

NoD wrote:As someone who just crossed 200k portfolio, I really enjoy these 'check in' posts personally. They definitely keep me motivated to hit goals this high someday!

Congrats on half millionaire status! :sharebeer

That is the very purpose of this post. I get motivated by similar posts.

Miriam2
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Re: 500K milestone celebration

Post by Miriam2 » Thu Jan 05, 2017 4:32 pm

Streptococcus wrote:I know it's not a big deal to many of you guys but we became bogleheads in April 2013 and our first goal was to exceed the 500K milestone before the end of 2016: Check! A little more than 3.5 years.

Strep! You're a Half-a-Millionaire!
Remember the most famous half-a-millionaire, Horace Vandergelder, in Hello Dolly? He had quite a bit of excitement trying to fend off the girls, although it appears you're already hitched :D

Sullivan, ticket seller: Where to, Dolly?
Dolly Levi: Yonkers, New York, to handle a highly personal matter for Mr. Horace Vandergelder, the well-known, unmarried, half-a-millionaire.
Sullivan, ticket seller: Gonna marry him yourself, Dolly?
Dolly Levi: Why, Mr. Sullivan, what ever put such a preposterous idea into my head... er, your head!

crit
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Re: 500K milestone celebration

Post by crit » Thu Jan 05, 2017 4:33 pm

congrats! We are just a few bucks short, but basically at this milestone. I can't pinpoint a starting point, but when we got married ~18 months ago and I started getting serious about A Portfolio, I had maybe $90k? and spouse had $40k.

Our gains came from spouse's job .... we plan to live and save on my income, but spouse landed a good job and has kept it for 2 years.

I was always the live-within-means, save slowly person; spouse lived within means, but was ok with going down to zero in between jobs (I'm not). I think spouse has gotten really awakened by the monthly reports, when I say "so we have $X now" and especially this month, when I could say "we have $X now, and we had $X-150 last year". We're both happy with what we've done in the last year (and without squeezing to do it, we are very lucky), and we both know that we'll have times where spouse is not employed, and times (soon I'd suspect) when gains are negative.
Last edited by crit on Thu Jan 05, 2017 4:33 pm, edited 1 time in total.

mickens16
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Re: 500K milestone celebration

Post by mickens16 » Thu Jan 05, 2017 4:33 pm

Congrats to you!!! I keep an excel sheet that I update every 6 months and happened to be looking at it last night. I started BH's in 2011 and our retirement accounts totaled $75K. Today we are almost at $440K. This site is a gem.

mggray17
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Re: 500K milestone celebration

Post by mggray17 » Thu Jan 05, 2017 6:28 pm

I too reached 500K on Dec 10, 2016! Sum of my deferred comp plan, Vanguard Roth IRA, Vanguard taxable account, checking and savings.
Next goal 500K without including the checking and savings. Joined Vanguard Oct 2007 and this site Feb 2010.

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celia
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You Can Do It Too!

Post by celia » Thu Jan 05, 2017 7:07 pm

renn20 wrote:Congrats!

I started to bogle 4 years ago. Could you share your experiences ?

I have a tiny taxable account and maxed out 401k and iras. but not performing as much as expected. I know one issue is that I am not very active on managing the funds

Renn, "Managing" your funds frequently is the path that will stunt your growth (financially). It is better to have a plan and stick to it. Your choice of funds and Asset Allocation is also important.

If you think you should be doing better, post your data in this format:
viewtopic.php?t=6212
in a new thread and ask for some feedback from a fresh set of eyes. We often don't even know that we should be asking certain questions. If you have specific questions, great! If you don't, just ask how your investing might be improved. (Just putting the requested information together in the recommended format will likely raise questions in your mind.)


Strep, congrats on an awesome job!

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Tyrobi
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Re: 500K milestone celebration

Post by Tyrobi » Thu Jan 05, 2017 7:16 pm

Congrats on 500k milestone!
Three-fund portfolio | "Simplicity is the master key to financial success." John C. Bogle

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Hawaiishrimp
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Re: 500K milestone celebration

Post by Hawaiishrimp » Thu Jan 05, 2017 7:20 pm

Congrats. You, sir, have done well.
I save and invest my money, so money can make money for me, so I don't have to make money eventually.

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Mlm
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Re: 500K milestone celebration

Post by Mlm » Thu Jan 05, 2017 7:21 pm

Congratulations - well done :sharebeer
Reality has a way of catching up with you

Bobob21
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Re: 500K milestone celebration

Post by Bobob21 » Thu Jan 05, 2017 7:30 pm

CoAndy wrote:
Streptococcus wrote:
weedf16 wrote:Job well done! Just curious, what was your starting number in 2013?

:sharebeer

Around 50K, our efund.
Wow! From 50k to 500k in about 3.5 years? Awesome! :beer


Huh, 50k grew to 500k without investing extra money in the meantime?! I understood that 7% average return is to be expected with passive indexinvestements (sorry if this is a stupid question, I am new here :wink: ).

Nevertheless, well done! Congrats

inspector00
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Re: 500K milestone celebration

Post by inspector00 » Thu Jan 05, 2017 8:07 pm

Congrats, I also happened to hit this same milestone this week.

CoAndy
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Re: 500K milestone celebration

Post by CoAndy » Fri Jan 06, 2017 10:32 am

Bobob21 wrote:
CoAndy wrote:
Streptococcus wrote:
weedf16 wrote:Job well done! Just curious, what was your starting number in 2013?

:sharebeer

Around 50K, our efund.
Wow! From 50k to 500k in about 3.5 years? Awesome! :beer


Huh, 50k grew to 500k without investing extra money in the meantime?! I understood that 7% average return is to be expected with passive indexinvestements (sorry if this is a stupid question, I am new here :wink: ).

Nevertheless, well done! Congrats
I think he meant that when he officially became a Boglehead, he had about 50k. He now has 500k after the last few years of investing.

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grap0013
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Re: 500K milestone celebration

Post by grap0013 » Fri Jan 06, 2017 12:54 pm

CoAndy wrote:I think he meant that when he officially became a Boglehead, he had about 50k. He now has 500k after the last few years of investing.


I'll be a Debbie Downer! :twisted:

I'm guessing the bulk of the gains came from saving not investing. What if the OP makes 450K per year? Then going from 50K to 500K in 3 years is not that impressive. I would be impressed by your career choice though and say nice work but it wouldn't have anything to do with this forum. What is there was a 100K inheritance during this time? Sometimes people forget to mention these details. I see posters do humble brags like, "how am I doing as a 27 yo with 200K networth 4 years out of college?" They often neglect to initially mention that their parents paid for all 200K of their college loans so they started out with zero debt.

I need context and more information before I'm gushing over this achievement. What say you OP? What was your saving rate relative to your income during this time, what were your market returns, and did you have any assistance? I will gladly give credit where credit is due when appropriate. Otherwise it feels like I'm saying good job to someone who received a participation ribbon.

Please do not take this post too seriously. :)
There are no guarantees, only probabilities.

hamilton4ever
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Re: 500K milestone celebration

Post by hamilton4ever » Fri Jan 06, 2017 1:25 pm

500k is a serious chunk of change no matter who you are! That's a great achievement, congratulations. Charlie Munger said the first 100k is hardest...I hope that's true :)

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JupiterJones
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Re: 500K milestone celebration

Post by JupiterJones » Fri Jan 06, 2017 1:52 pm

grap0013 wrote:What if the OP makes 450K per year?


Then they're killin' it career-wise. Congrats in order either way! :sharebeer
Stay on target...

TexasMu
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Re: 500K milestone celebration

Post by TexasMu » Fri Jan 06, 2017 2:06 pm

hamilton4ever wrote:500k is a serious chunk of change no matter who you are! That's a great achievement, congratulations. Charlie Munger said the first 100k is hardest...I hope that's true :)


+1 :beer

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Leesbro63
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Re: 500K milestone celebration

Post by Leesbro63 » Fri Jan 06, 2017 2:07 pm

Congrats. I thought this was going to be a thread about keeping a car for 500,000 miles, which is ALSO Bogleheadish.

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Meg77
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Re: 500K milestone celebration

Post by Meg77 » Fri Jan 06, 2017 2:09 pm

Awesome! Congrats on this milestone. I have a feeling you'll get to the next one ahead of your projected schedule. :beer
"An investment in knowledge pays the best interest." - Benjamin Franklin

parhur
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Re: 500K milestone celebration

Post by parhur » Fri Jan 06, 2017 2:10 pm

congratulation, I am hoping to do the same in two years. Just stay the course.

ponyboy
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Re: 500K milestone celebration

Post by ponyboy » Fri Jan 06, 2017 2:10 pm

Keep up the hard work. You are improving.

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JDCarpenter
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Re: 500K milestone celebration

Post by JDCarpenter » Fri Jan 06, 2017 2:24 pm

Leesbro63 wrote:Congrats. I thought this was going to be a thread about keeping a car for 500,000 miles, which is ALSO Bogleheadish.


+1. 8-)
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