Share your Net Worth Regression

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
User avatar
AerialWombat
Posts: 2683
Joined: Tue May 29, 2018 1:07 pm
Location: Cashtown, Cashylvania

Re: Share your Net Worth Regression

Post by AerialWombat »

Total NW is up about 15% YTD. Rental properties, hard money lending, and private equities are doing well (so far) this year.
This post is a work of fiction. Any similarity to real financial advice is purely coincidental.
User avatar
HMSVictory
Posts: 1223
Joined: Sun Nov 01, 2020 7:02 am
Location: Lower Gun Deck

Re: Share your Net Worth Regression

Post by HMSVictory »

CletusCaddy wrote: Sat May 14, 2022 12:49 pm At beginning of this year I was at
$2.1M investments
$0.6M home equity
$70k car equity
=
$2.7M net worth

As of today I am at
$1.6M investments
$1.0M home equity
$70k car equity
=
$2.7M net worth

Best performing assets have been:
Bay Area house
Saving bonds
Utilities
Luxury SUV
What kind of SUV is it that you have?
Stay the course!
financeguy88
Posts: 93
Joined: Thu Feb 23, 2017 3:58 pm

Re: Share your Net Worth Regression

Post by financeguy88 »

Estimated down around 10 to 12% from $14m to $12.5m. My equity exposure was only around 20% to 25% but was overweight big cap tech and so is down much more than the market. We also had some big some big expenses. It sucks to see the gains disappear, but sitting on about 30% in cash as I sold some things and had a windfall bonus at the end of the year that I only partially invested. The rest is in real estate or credit funds. So far, I’ve only done tax loss harvesting, so swapping xyz big cap tech stock that’s down 40% for another one.

Its clearly a better time to buy stocks now than 6 months ago, on the other hand in old enough to remember 2000 and 2009 crashes and the market took 2.5 to 3 years to get back to prior highs. I think this correction will look more like that so I am not feeling the fomo to invest right now. I’m thinking that with the fed continuing to tighten the money supply and the consumer getting hit on oil and food inflation, it’s going to be an uphill battle for a bit. If I start to see more companies actually failing and not getting bailed out by the government, I’ll be more constructive on the markets.
CletusCaddy
Posts: 638
Joined: Sun Sep 12, 2021 4:23 am

Re: Share your Net Worth Regression

Post by CletusCaddy »

HMSVictory wrote: Mon May 30, 2022 7:14 am
CletusCaddy wrote: Sat May 14, 2022 12:49 pm At beginning of this year I was at
$2.1M investments
$0.6M home equity
$70k car equity
=
$2.7M net worth

As of today I am at
$1.6M investments
$1.0M home equity
$70k car equity
=
$2.7M net worth

Best performing assets have been:
Bay Area house
Saving bonds
Utilities
Luxury SUV
What kind of SUV is it that you have?
Volvo XC90 hybrid
Walkure
Posts: 537
Joined: Tue Apr 11, 2017 9:59 pm

Re: Share your Net Worth Regression

Post by Walkure »

crowdcast wrote: Thu May 12, 2022 4:10 pm For the first time in my life, I sold and went 80% to cash and paid off my mortgage.

This one feels different than dotcom, 2008, or COVID, primarily because I think inflation is the devil. I'm sitting on the sidelines until after the next rate hike.
Why would you prioritize paying off a mortgage as inflation persists and real rates are rising? Doesn't it make more sense to dump it in TIPS or something and pay it off later in less valuable dollars?
crowdcast
Posts: 3
Joined: Sat Jun 20, 2020 7:40 am
Location: Virginia

Re: Share your Net Worth Regression

Post by crowdcast »

Walkure wrote: Tue May 31, 2022 11:19 am Why would you prioritize paying off a mortgage as inflation persists and real rates are rising? Doesn't it make more sense to dump it in TIPS or something and pay it off later in less valuable dollars?
On mortgage: Because that freed up $3,600 a month in obligated mortgage payments over the next couple of decades. For me, this move snipped away any chains to a job, business, or creditor. I can quit whatever I am doing today, the market could crash by 80%, and I could live to 100 yrs in complete comfort and security. The way I look at it, the market 20-21 COVID-craziness has gifted me a free house. It may not be optimal, but it feels sensational!

On Cash vs TIPS: Rates are rising and will probably keep rising for the remainder of the year. Markets are falling and, in my judgement, have at least another 10-15% to go. (Especially in a business environment in which I think a recession and consequent layoffs is highly probable in the next 12-18 months). I don't intend to stay in cash, but with both bond and equity asset classes falling at the same time, I'm going to wait it out until the Fed starts signaling stability. Is it market timing? Yes. Will I get back in at exactly the right moment? No, but I won't get it completely wrong either, and hopefully side step much of the decline.
andypanda
Posts: 1324
Joined: Sun Nov 12, 2017 9:11 pm
Location: Richmond, Virginia

Re: Share your Net Worth Regression

Post by andypanda »

I honestly don't know. Taxable account down $350k since the beginning of the year. Haven't checked our 457's, 403b or 401k. Fwiw, we have pensions and SSA retirement. I start my RMDs this year and she starts hers in 4 or 5 years.

In addition, or in subtraction, we have just spent $31k on Wolf PVC replacement decks (contracted with down payment last June), $11k on two custom oversize replacement sliding doors (yes, they are that nice, with blinds) to two of the 3 deck structures, and are currently having the first of two bathrooms gutted - and the larger of the two rearranged - and redone with nice tile, vanities, fixtures, walls, everything. We didn't go all out, but they're going to run $60k and take two months. I made a fistful of money when I sold my historic district home two years ago after owning it 40 years, so that's taking care of the renovations even after paying off her mortgage, etc.

Her house was built with thrift in mind in 1995 when my wife and her late husband didn't have any money and bought 2 acres surrounded on 3 sides by open rolling woods inhabited by lots of deer, turkey, etc. She had a new quality roof put on not long ago and HardiePlank siding installed. And the woods are still pristine, so we decided to stay when we married in '18. (She has been known to claim I only married her for the detached 3-car garage her husband built the year before he died of cancer.)

Meanwhile, she gave her 30-something son and wife and 2 little grandsons $120k of her money to help with the down payment on a larger house. They found one owner 1984 home on 5.5 acres, 4 bed/2.5 bath/garage etc. The seller is the friend of a friend who is moving to a over-55 community and is having trouble getting the new place finished and timing the sale of the old house. It's easily worth $600k to $650k, but he sold it to them for
$500k and can rent it for up to 4 months. They closed last week.

What the heck, I'm into my early 70s and we aren't close to broke yet. I love spending money sometimes.

I think I have heat stroke today after 4 hours on the beach. We're on Ocracoke this week and will bring the family back in July. You really have to watch the 3- and 6-year-olds in ocean, but they were good last year.
TopherM1
Posts: 5
Joined: Thu Jun 02, 2022 1:44 pm

Re: Share your Net Worth Regression

Post by TopherM1 »

Net Worth up about 17% YOY, mostly driven by no debt and paid off real estate
401K down about 14%
Brokerage up about 7.5%
nic3456
Posts: 111
Joined: Fri Dec 19, 2008 10:42 am

Re: Share your Net Worth Regression

Post by nic3456 »

theorist wrote: Sat May 07, 2022 9:48 am We are down 641k in liquid investments this year, * after * including contributions. Not fun! (I don’t include our house value; we don’t plan to sell and it is hard to value accurately, though I could use “Zillow” and “Redfin”).
Zillow has my house at ~$715K, while Redfin has it at ~$424K lol (we paid $430 in 2016)

Realistically its probably $650-700k
theorist
Posts: 1087
Joined: Sat Sep 28, 2019 11:39 am

Re: Share your Net Worth Regression

Post by theorist »

nic3456 wrote: Thu Jun 09, 2022 10:26 am
theorist wrote: Sat May 07, 2022 9:48 am We are down 641k in liquid investments this year, * after * including contributions. Not fun! (I don’t include our house value; we don’t plan to sell and it is hard to value accurately, though I could use “Zillow” and “Redfin”).
Zillow has my house at ~$715K, while Redfin has it at ~$424K lol (we paid $430 in 2016)

Realistically its probably $650-700k
We live in a VHCOL area and the values quoted at those sites for our house are in the few million range, but we aren’t going to sell anytime in the foreseeable future. We still owe a little on a 2.25% mortgage, though.

I’m optimistic that we can ride out whatever is to come without too much angst, and it will reset the market from the low expectations we’d been hearing so much about in the last few months.
srblanco7
Posts: 4
Joined: Mon Jul 05, 2021 5:20 am

Re: Share your Net Worth Regression

Post by srblanco7 »

Investable assets down approximately 17% YTD (-$970k). Not enough (yet) to postpone on 2023 ER plans.
User avatar
AnnetteLouisan
Posts: 4042
Joined: Sat Sep 18, 2021 10:16 pm
Location: New York, NY

Re: Share your Net Worth Regression

Post by AnnetteLouisan »

I’m accustomed to seeing my net worth after taxes and expenses rise between $17-24k per month (which just seems crazy, but ok). Obviously, this year has been different. My portfolio is lower by around $80k. My bank accounts thank god are up because somehow I still have like $9-10k going into them per month on top of what flows into my tax deferred investment accounts. The value of my home is up by about $50k according to streeteasy. Emotionally, I have been totally numb all year to what is going on. I keep investing, more in equities this year than previously. Remember how Marx said workers are alienated from their labor? I think I’m alienated from my capital.

I received my tax refund though. That’s good.
Last edited by AnnetteLouisan on Tue Jun 21, 2022 5:17 pm, edited 1 time in total.
GAAP
Posts: 1648
Joined: Fri Apr 08, 2016 12:41 pm

Re: Share your Net Worth Regression

Post by GAAP »

Net worth is too much trouble with too little meaning for me to track it. The house is worth a lot more for now since I'm living in one of those insane market areas -- who knows what it will be worth in 6 months. The IRAs are down obviously. I've read that I could sell my truck for more than I paid a couple of years ago, and the other vehicles are also probably worth more than they were two years ago.

I'm retired, don't carry debt, on a multi-year Roth conversion plan -- so what exactly would net worth tell me?

I was amused by the thread title however.
“Adapt what is useful, reject what is useless, and add what is specifically your own.” ― Bruce Lee
ipabrewer
Posts: 52
Joined: Wed Oct 28, 2009 5:30 pm
Location: OR

Re: Share your Net Worth Regression

Post by ipabrewer »

In my 20 year of tracking my investments, the NW regressed in 2 years: 2008 from 53k to 51k and in 2018, from 688k to 684k. Most likely 2022 will be the 3rd year. Down about 20%, to about1.2M
Normchad
Posts: 4041
Joined: Thu Mar 03, 2011 7:20 am

Re: Share your Net Worth Regression

Post by Normchad »

I’m down right at 20% now……
ProsperGoalzz
Posts: 79
Joined: Sat Jan 02, 2021 12:09 pm
Location: California

Re: Share your Net Worth Regression

Post by ProsperGoalzz »

racy wrote: Fri May 06, 2022 2:28 pm
I've (nerdily) tracked my monthly net worth for 32.3 years and can report: 72% of the months are higher than the previous month. We're currently experiencing some of the 28% months :beer
THIS!

Stay the course 🙂

And thank you for this data. I heart Bogleheads!
slalom
Posts: 167
Joined: Mon Dec 25, 2017 4:59 am

Re: Share your Net Worth Regression

Post by slalom »

Love this thread - commiseration instead of gloating! :mrgreen:

EoY 2021 - $2.14 MM
Today - $1.90 MM
arajeshn
Posts: 17
Joined: Fri Jun 04, 2021 9:50 am

Re: Share your Net Worth Regression

Post by arajeshn »

Ages: 52, 45, 19, 10
100% shares (70% US stocks tracker, 20% World tracker excl US, 10% individual stocks)
Net Worth (Combined) on 31/12/2021: £824,000 ($ 1,115,000 with £/$ at 1.35) excluding house value
Net Worth on 17/6/2022: £761,700 ($ 940,800 with £/$ at 1.24)
Total monthly investing YTD: £34,000
NW change this year: -7.5% including monthly investments YTD/-12% excluding monthly investments

:oops: I was a (US$) millionaire for a few months!!!
1moreyr
Posts: 218
Joined: Sun Jan 12, 2020 7:10 pm

Re: Share your Net Worth Regression

Post by 1moreyr »

arajeshn wrote: Wed Jun 22, 2022 12:45 am Ages: 52, 45, 19, 10

:oops: I was a (US$) millionaire for a few months!!!
Yea, I was a millionaire 3 times in my accumulation years! (Dang 2000 and 2008!)

I am down about 8% YTD.. I am down 10% in portfolio but up $100K on the home. I usually don't look or care about the home equity. The house is owned and i have no plans on taking cash from it but I do see people counting it here as it is NW.

The other thing that helped reduce the fall was retiring February 2022 and consolidating my DW accounts to Schwab. As we brought over $600k it was converted to cash. I couldn't bring myself to invest it seeing rates going up. Even before it started, I knew bonds would drop with higher rates, stocks would fall as they fed was pushing.. I just didnt expect this much (i know it's not over).

I was more "Market Frozen" than " Market Timing"

i have traveled a ton these first 4 months in new retirement. Hawaii, Florida, New Orleans, Upstate NY. We are heading to the SE USA in July and Colorado in September. All said and done, it will be about $26K this year in travel.

I will continue to travel next year but probably more frugally than this year. The near $500K drop (not counting real estate offset) is starting to wear on me. I've got 30 years to go according to SSA mortality tables and a family history which bodes better than that.


This is the toughest learning in retirement. When you realize income has stopped and "all you have is all you have" ....ESPECIALLY when you enter retirement in a falling market.
egri
Posts: 100
Joined: Mon Apr 04, 2022 10:22 pm

Re: Share your Net Worth Regression

Post by egri »

1moreyr wrote: Wed Jun 22, 2022 6:14 am
Yea, I was a millionaire 3 times in my accumulation years! (Dang 2000 and 2008!)
Reminds me of a joke a friend of mine who had served in Korea used to tell. He had been a part of the first wave of Americans to reinforce the Pusan Perimeter, and he joked that he had gone to South Korea twice; first when he landed at Pusan and they pushed north, and the second time when the Chinese entered the war and pushed them back below the 38th parallel.
austin757
Posts: 328
Joined: Wed Jun 06, 2018 11:48 am

Re: Share your Net Worth Regression

Post by austin757 »

This thread reminds me of what a loser I am.

A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.

Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?

Does it seem like I am on track financially?
Last edited by austin757 on Sun Jun 26, 2022 10:25 pm, edited 1 time in total.
User avatar
Topic Author
Little_Carmine
Posts: 89
Joined: Thu Dec 23, 2021 11:59 am

Re: Share your Net Worth Regression

Post by Little_Carmine »

austin757 wrote: Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.

A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.

Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?
Woahhh...
The Sacred & the Proprane
User avatar
Beensabu
Posts: 2198
Joined: Sun Aug 14, 2016 3:22 pm

Re: Share your Net Worth Regression

Post by Beensabu »

austin757 wrote: Sun Jun 26, 2022 10:10 pm I am such a loser. Does anyone else feel the same way?
No. How much money I don't have doesn't affect the way I feel about myself.
Does it seem like I am on track financially?
Yes.
"The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next." ~Ursula LeGuin
stoptothink
Posts: 11758
Joined: Fri Dec 31, 2010 9:53 am

Re: Share your Net Worth Regression

Post by stoptothink »

Little_Carmine wrote: Sun Jun 26, 2022 10:13 pm
austin757 wrote: Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.

A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.

Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?
Woahhh...
This is a troll right? Very very few of us hit 7-figures before the age of 30.
Jimsad
Posts: 698
Joined: Mon Mar 20, 2017 5:54 pm

Re: Share your Net Worth Regression

Post by Jimsad »

stoptothink wrote: Mon Jun 27, 2022 6:41 am
Little_Carmine wrote: Sun Jun 26, 2022 10:13 pm
austin757 wrote: Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.

A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.

Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?
Woahhh...
This is a troll right? Very very few of us hit 7-figures before the age of 30.
Probably not lawyers and doctors but People in high tech in Silicon Valley / FAANG easily can get to these numbers in their 20s.
Do not think it is a troll
Steve723
Posts: 204
Joined: Sat Aug 16, 2014 4:44 pm

Re: Share your Net Worth Regression

Post by Steve723 »

I honestly don't know. There isn't anything I feel like I would action, so why put myself through the emotional pain?

(I have to admit though that from around 2010 to 2021 I was updating my net worth every 3 or 4 months, lol! It's a lot more fun to look at and analyze when it's going up!)
stoptothink
Posts: 11758
Joined: Fri Dec 31, 2010 9:53 am

Re: Share your Net Worth Regression

Post by stoptothink »

Jimsad wrote: Mon Jun 27, 2022 6:45 am
stoptothink wrote: Mon Jun 27, 2022 6:41 am
Little_Carmine wrote: Sun Jun 26, 2022 10:13 pm
austin757 wrote: Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.

A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.

Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?
Woahhh...
This is a troll right? Very very few of us hit 7-figures before the age of 30.
Probably not lawyers and doctors but People in high tech in Silicon Valley / FAANG easily can get to these numbers in their 20s.
Do not think it is a troll
They certainly can, but there aren't a lot of those people. Hitting 7-figures at 26 is rare, even here.
Last edited by stoptothink on Mon Jun 27, 2022 9:48 am, edited 1 time in total.
Independent George
Posts: 1518
Joined: Wed Feb 17, 2016 12:13 pm
Location: Chicago, IL, USA

Re: Share your Net Worth Regression

Post by Independent George »

It was $754k on Jan 1, went up a bit, and now it's right around $650k. Accounting for inflation, it's probably around $600k in 2021 dollars. This is a blip that has barely registered to me.

In 2008, I went from $145k to -$15k. That one hurt.
User avatar
Topic Author
Little_Carmine
Posts: 89
Joined: Thu Dec 23, 2021 11:59 am

Re: Share your Net Worth Regression

Post by Little_Carmine »

austin757 wrote: Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.

A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.

Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?

Does it seem like I am on track financially?
So you're 27-28 and you still have more than $1m? It seems like you will be fine financially, even if you were to stop contributing to your accounts. What am I missing here?

And why should it matter to you if other people your age have more than you? Comparing yourself to other high earners, especially on this forum, is a losing battle my friend. And I have less than half of what you achieved at the same age range.
The Sacred & the Proprane
gamboolman
Posts: 213
Joined: Mon Feb 17, 2014 7:32 am

Re: Share your Net Worth Regression

Post by gamboolman »

I retired effective 1-Feb-21 in HCOL area (Houston Tx)

From 1-Jan-22 to present, our Portfolio is down 11.49%, i.e, abit under <-$550K>

We have not had to Rebalance at all due to the Market Valley.

Current Asset Allocation is 50% Equities, 43% Bonds, 7% Cash.

Right or Wrong, Smart or not, we keep 2 to 3 year of “Fat” Living Expenses in Cash. I can tell you that it for sure makes sleeping good at night easier and riding this downturn out abit easier as we don't have to pull expense monies out of the Portfolio.
But thats just ms gamboolgal and I...

We was also in the Camp that paid off the Mortgage many moons ago - for the sleep good at night factor....

House value has increased but we do not count or consider it for Net Worth.
canucksmoney
Posts: 18
Joined: Tue Jul 28, 2020 11:08 am

Re: Share your Net Worth Regression

Post by canucksmoney »

austin757 wrote: Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.

A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.

Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?

Does it seem like I am on track financially?
If money causes you to have these emotions, try not to look at the balances.

Or get an advisor who is paid to reassure you.
e5116
Posts: 783
Joined: Mon Oct 05, 2009 11:22 am

Re: Share your Net Worth Regression

Post by e5116 »

Down 9.7% YTD despite significant increases to salary/savings/contributions. This does not include primary residence equity though - just investable assets in taxable/retirement accounts. At same level right now as about May 2021. So, certainly psychologically a "bummer" given it's been a year of hard work, increasing salaries and savings, and "nothing" to show for it, but understand that's always the risk and certainly I am staying the course. Many decades still of work, so continuing to dollar cost average into lower/on sale equity prices!

And, yeah, hitting $1M at age 26 is quite impressive and could by no means be considered behind or a "loser" even on this site....Surely it happens, but isn't all that common. I took much longer than that and felt that I had great savings plans and the like, although my career progression perhaps wasn't as growth oriented given the job market in 2008-2012 where things were pretty stagnant and I was just happy to keep my job I got out of school. Everything is relative though, so I get people coming on this site and thinking that to an extent. I think I'm doing quite well financially but get blown out of the water by numbers frequently reported here, so it's important to know that this site isn't normal and there is bias in self-reporting as well (i.e. those doing exceptionally well are more likely to share their results).
User avatar
goingup
Posts: 4553
Joined: Tue Jan 26, 2010 1:02 pm

Re: Share your Net Worth Regression

Post by goingup »

stoptothink wrote: Mon Jun 27, 2022 9:35 am
Jimsad wrote: Mon Jun 27, 2022 6:45 am
stoptothink wrote: Mon Jun 27, 2022 6:41 am
Little_Carmine wrote: Sun Jun 26, 2022 10:13 pm
austin757 wrote: Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.

A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.

Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?
Woahhh...
This is a troll right? Very very few of us hit 7-figures before the age of 30.
Probably not lawyers and doctors but People in high tech in Silicon Valley / FAANG easily can get to these numbers in their 20s.
Do not think it is a troll
They certainly can, but there aren't a lot of those people. Hitting 7-figures at 26 is rare, even here.
He's been on this board since 2018 with 300+ posts. Doubt he's a troll. I don't assume bad things about people who have been more successful than me. :D
SnowBog
Posts: 3147
Joined: Fri Dec 21, 2018 11:21 pm

Re: Share your Net Worth Regression

Post by SnowBog »

Little_Carmine wrote: Mon Jun 27, 2022 10:03 am
austin757 wrote: Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.

A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.

Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?

Does it seem like I am on track financially?
So you're 27-28 and you still have more than $1m? It seems like you will be fine financially, even if you were to stop contributing to your accounts. What am I missing here?

And why should it matter to you if other people your age have more than you? Comparing yourself to other high earners, especially on this forum, is a losing battle my friend. And I have less than half of what you achieved at the same age range.
+1

There will always be someone who earns more and saves more. Comparing yourself to them in raw dollars is pointless - and only ends in frustration.

What matters is are you on track for your retirement needs.

While it's not perfect, the 25X (aka 4%) model can help put things into context. Someone who spends $40k/year has a target of $1M, while someone who spends $100k/year has a target $2.5M. But both are still 25X of their respective expenses.

Should also note $1M saved while in your 20's is more than the majority of Americans (actually the world), and unless your unstated expenses at really high, you seem to be well on track to meet your retirement needs. :beer
stoptothink
Posts: 11758
Joined: Fri Dec 31, 2010 9:53 am

Re: Share your Net Worth Regression

Post by stoptothink »

goingup wrote: Mon Jun 27, 2022 11:42 am
stoptothink wrote: Mon Jun 27, 2022 9:35 am
Jimsad wrote: Mon Jun 27, 2022 6:45 am
stoptothink wrote: Mon Jun 27, 2022 6:41 am
Little_Carmine wrote: Sun Jun 26, 2022 10:13 pm

Woahhh...
This is a troll right? Very very few of us hit 7-figures before the age of 30.
Probably not lawyers and doctors but People in high tech in Silicon Valley / FAANG easily can get to these numbers in their 20s.
Do not think it is a troll
They certainly can, but there aren't a lot of those people. Hitting 7-figures at 26 is rare, even here.
He's been on this board since 2018 with 300+ posts. Doubt he's a troll. I don't assume bad things about people who have been more successful than me. :D
Not necessarily inferring that the poster is a troll, but if there was a poll on this board about whether someone is a "loser" at 28 with a 7-figure NW, you'd likely get a grand total of zero "yes" responses. Objectively, that poster is a 1%er based upon NW by age.
User avatar
LadyGeek
Site Admin
Posts: 83315
Joined: Sat Dec 20, 2008 5:34 pm
Location: Philadelphia
Contact:

Re: Share your Net Worth Regression

Post by LadyGeek »

The discussion is getting derailed on opinions of a member's net worth. Please stay on-topic.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.
User avatar
vgc303
Posts: 53
Joined: Mon Sep 21, 2020 1:06 pm

Re: Share your Net Worth Regression

Post by vgc303 »

January 2022 NW: $1.09MM
June 2022 NW: $1.01MM

So, about -7% for the year? Not bad at all. Shout out to being a homeowner during rising real estate prices and continuing to absolutely dump money in to our retirement accounts.
Dottie57
Posts: 11018
Joined: Thu May 19, 2016 5:43 pm
Location: Earth Northern Hemisphere

Re: Share your Net Worth Regression

Post by Dottie57 »

Net worth is down about 14%. :?

Includes only accounts and not real estate.
Aged Maduro
Posts: 347
Joined: Thu Dec 17, 2020 7:17 pm

Re: Share your Net Worth Regression

Post by Aged Maduro »

Net worth at the market top in January was $3,030,000

Now it is around $2,600,000. I have some paid off rental properties that softened the blow.
bloom2708
Posts: 9099
Joined: Wed Apr 02, 2014 2:08 pm
Location: Fargo, ND

Re: Share your Net Worth Regression

Post by bloom2708 »

After the mini rally I checked (net worth) and for 2021 I was up $325k. 2022 I was down $323k.

It was worse before the mini rally.

2021 was a strange one. "Up too fast", must come down.
"We are here to provoke thoughtfulness, not agree with you." Unknown Boglehead
barnaby444
Posts: 81
Joined: Sat Apr 03, 2021 10:56 am

Re: Share your Net Worth Regression

Post by barnaby444 »

Pre-pandemic peak (Feb 2020): $1.0 MM
Post-pandemic peak (Mar 2022): $1.7 MM
Current (June 2022): $1.5 MM (approximately down to level from a year ago)
sureshoe
Posts: 1578
Joined: Tue Jan 15, 2019 4:26 pm

Re: Share your Net Worth Regression

Post by sureshoe »

SnowBog wrote: Mon Jun 27, 2022 11:44 am
Little_Carmine wrote: Mon Jun 27, 2022 10:03 am
austin757 wrote: Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.

A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.

Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?

Does it seem like I am on track financially?
So you're 27-28 and you still have more than $1m? It seems like you will be fine financially, even if you were to stop contributing to your accounts. What am I missing here?

And why should it matter to you if other people your age have more than you? Comparing yourself to other high earners, especially on this forum, is a losing battle my friend. And I have less than half of what you achieved at the same age range.
+1

There will always be someone who earns more and saves more. Comparing yourself to them in raw dollars is pointless - and only ends in frustration.

What matters is are you on track for your retirement needs.

While it's not perfect, the 25X (aka 4%) model can help put things into context. Someone who spends $40k/year has a target of $1M, while someone who spends $100k/year has a target $2.5M. But both are still 25X of their respective expenses.

Should also note $1M saved while in your 20's is more than the majority of Americans (actually the world), and unless your unstated expenses at really high, you seem to be well on track to meet your retirement needs. :beer
Isn't that the fundamental point of all these type of posts though? Slip in some humble bragging, compare portfolio sizes?

I didn't get to a reasonable place of happiness in life overall until I was around 32-35-ish and realized it's all nonsense and you have to stop looking at what other people have and you don't.
gogreen
Posts: 376
Joined: Fri Feb 26, 2021 4:38 pm

Re: Share your Net Worth Regression

Post by gogreen »

austin757 wrote: Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.

A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.

Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?

Does it seem like I am on track financially?
Some folks are born with this $ so it's easy to feel yourself as a loser :sharebeer
User avatar
Beensabu
Posts: 2198
Joined: Sun Aug 14, 2016 3:22 pm

Re: Share your Net Worth Regression

Post by Beensabu »

sureshoe wrote: Mon Jun 27, 2022 1:55 pm Isn't that the fundamental point of all these type of posts though? Slip in some humble bragging, compare portfolio sizes?
Not this one. I thought I remembered the poster, so I checked, and I remembered right. This is a legitimate ongoing issue in how they view themselves that's totally divorced from reality. There is nothing to do but continue to tell them the truth: that they are, indeed, more than on track financially. Maybe eventually they will believe it.
I didn't get to a reasonable place of happiness in life overall until I was around 32-35-ish and realized it's all nonsense and you have to stop looking at what other people have and you don't.
Yup.
"The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next." ~Ursula LeGuin
Apathizer
Posts: 954
Joined: Sun Sep 26, 2021 2:56 pm

Re: Share your Net Worth Regression

Post by Apathizer »

Beensabu wrote: Mon Jun 27, 2022 5:56 pm
sureshoe wrote: Mon Jun 27, 2022 1:55 pm Isn't that the fundamental point of all these type of posts though? Slip in some humble bragging, compare portfolio sizes?
Not this one. I thought I remembered the poster, so I checked, and I remembered right. This is a legitimate ongoing issue in how they view themselves that's totally divorced from reality. There is nothing to do but continue to tell them the truth: that they are, indeed, more than on track financially. Maybe eventually they will believe it.
I didn't get to a reasonable place of happiness in life overall until I was around 32-35-ish and realized it's all nonsense and you have to stop looking at what other people have and you don't.
Yup.
Exactly. Like so many things it's easy to get obsessive about money. But obsession with just about anything eventually leads to unhappiness whether it's money, food, drugs, or any number of things.

And like with anything at some point you have to figure out how much is enough money. Obsessive comparison to others leads to unhappiness because they're always others who are doing better than we are in some regard.

One of the keys to happiness is learning to be satisfied with sufficiency and not excess.
ROTH: 40% AVUS, 30% DFAX, 30% BNDW. Taxable: 50% BNDW, 30% AVUS, 20% DFAX.
kingkhufu14
Posts: 2
Joined: Tue Jun 28, 2022 6:09 am

Re: Share your Net Worth Regression

Post by kingkhufu14 »

Been lurking on this forum for quite a while but felt inspired to join to add a different position than many others who have commented. I am quite early in the accumulation phase as a resident physician a year away from becoming an attending. Spouse also works full time. Student loans are such a heavy burden.

NW 12/31/21: -91,500
NW 6/28/22: -77,500

A lot of progress made from the approximately -325,000 net worth at the start of residency, but still such a long way to go!
unknownfuture
Posts: 51
Joined: Fri Feb 15, 2019 3:30 pm

Re: Share your Net Worth Regression

Post by unknownfuture »

I'm down 25% YTD. My portfolio has a bit of tech tilt. I took the opportunity to tax loss harvest and to rebalance my portfolio.

In addition I used the downturn to read up and strengthen my belief in the good old strategy of buying and holding broad based index funds.

Tl;dr: tune out the price noise, just be aware of the fundamentals. Why do stocks tend to go up over time? Because companies tend to make profits. Usually this is about 5%-10% of the current price (see S&P 500 earnings yield, i.e. the inverse of PE ratio). If prices go down, earnings yield goes up, which is good if you're accumulating. It's extremely rare that earnings yield is negative. The stock index will keep going up (long term) under the mild condition that public corporations keep making a profit in aggregate. Relax.
Maverick3320
Posts: 936
Joined: Tue May 12, 2015 2:59 pm

Re: Share your Net Worth Regression

Post by Maverick3320 »

kingkhufu14 wrote: Tue Jun 28, 2022 6:24 am Been lurking on this forum for quite a while but felt inspired to join to add a different position than many others who have commented. I am quite early in the accumulation phase as a resident physician a year away from becoming an attending. Spouse also works full time. Student loans are such a heavy burden.

NW 12/31/21: -91,500
NW 6/28/22: -77,500

A lot of progress made from the approximately -325,000 net worth at the start of residency, but still such a long way to go!
I didn't go to med school, but I'm pretty sure a smaller negative number is not a regression, at least in terms of personal finance :sharebeer
Maverick3320
Posts: 936
Joined: Tue May 12, 2015 2:59 pm

Re: Share your Net Worth Regression

Post by Maverick3320 »

sureshoe wrote: Mon Jun 27, 2022 1:55 pm
SnowBog wrote: Mon Jun 27, 2022 11:44 am
Little_Carmine wrote: Mon Jun 27, 2022 10:03 am
austin757 wrote: Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.

A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.

Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?

Does it seem like I am on track financially?
So you're 27-28 and you still have more than $1m? It seems like you will be fine financially, even if you were to stop contributing to your accounts. What am I missing here?

And why should it matter to you if other people your age have more than you? Comparing yourself to other high earners, especially on this forum, is a losing battle my friend. And I have less than half of what you achieved at the same age range.
+1

There will always be someone who earns more and saves more. Comparing yourself to them in raw dollars is pointless - and only ends in frustration.

What matters is are you on track for your retirement needs.

While it's not perfect, the 25X (aka 4%) model can help put things into context. Someone who spends $40k/year has a target of $1M, while someone who spends $100k/year has a target $2.5M. But both are still 25X of their respective expenses.

Should also note $1M saved while in your 20's is more than the majority of Americans (actually the world), and unless your unstated expenses at really high, you seem to be well on track to meet your retirement needs. :beer
Isn't that the fundamental point of all these type of posts though? Slip in some humble bragging, compare portfolio sizes?

I didn't get to a reasonable place of happiness in life overall until I was around 32-35-ish and realized it's all nonsense and you have to stop looking at what other people have and you don't.
I'm sure some humble bragging is involved, but I often find it motivating to read about the success of others.
muitu
Posts: 61
Joined: Thu Feb 03, 2022 9:48 am
Location: Buffalo, NY

Re: Share your Net Worth Regression

Post by muitu »

austin757 wrote: Sun Jun 26, 2022 10:10 pm This thread reminds me of what a loser I am.

A couple years ago age 26, I hit $1 million in investments. Got up to about $1.2m before the market correction.

Now here I am and I am around $1.1m after all this time, despite investing each month. So many people in their 30s have 3-5x what I have and I realize I'll never get there. I am such a loser. Does anyone else feel the same way?

Does it seem like I am on track financially?
Cool off buddy. You had approx. 980k more than I do at age 26.
“Managing your money is about the unglamorous task of being a defensive lineman, not the star quarterback.” Ben Stein, Phil DeMuth
Post Reply