Portfolio7 wrote: ↑
Tue Sep 10, 2019 8:20 am
Of the BH population that answered the survey, if you are 45 or older with $1M of investible assets, well... that puts you roughly in the top 15% of American households, but also in the bottom 15% of the BH group that answered this survey. Might be 10% and 5% respectively, but was just drawing a general picture.
However, one has to recognize that this view of NW includes the PV of SS and Pensions, which depends heavily on assumptions, and there are a wide range of reasonable estimates... I would guess at current interest rates that for most BHs it's a little less than $1M +/- a half million. Then there is the pension on top of that.
So $1M of investible at that age could put you in the bottom 30% perhaps, after adding SS (and pension if you have one.)
That still puts BHs quite a bit above mean, let alone median. (Which is hardly unexpected for a self-selected group of investors like BH members.)
Currently, looks like there are 87,507 registered members on the Bogleheads forums. Who knows how many read and follow the forums without registering as a member? I imagine there are plenty in that latter category.
What were the numbers in terms of how many people actually responded to that survey that was done a few years back before the moderators shut down such a survey from being conducted? Looks like 1101 members responded to the 2015 version according to this link (then people have kept responding over the years since then to bring the number up to 1400 with the last two respondents being one today, and one on Sunday):
https://docs.google.com/spreadsheets/d/ ... =630152586
We should also point out that the Boglehead's Investment Philosophy that is pointed out in the WIKI are principles designed for anyone to follow and build wealth so that their future could lead to also having amassed an investment portfolio of 7 figures if time, inclination, and enough household income to save over a long number of years is available to do so.
https://www.bogleheads.org/wiki/Boglehe ... philosophy
I would continue to argue for all Bogleheads to encourage, share stories of how each individual member accumulated over the years, and how long it took to build their wealth in hopes of focusing on other member's journeys that it can be done. At least that seems in my way of thinking to be a more positive mindset than scaring any member or potential member off of the forums when they read or think that everyone
on these forums has large sums accumulated and they do not belong as if this is some sort of a special club.
Not sure a thread entitled "rich people are hoarding cash" is the most ideal subject for that process.
Here's to plenty of Boglehead current members (and future potential members) that are not there yet to arrive at that some point in the future!