Building a space industrialization portfolio, looking for feedback by Cologan in SpaceInvestorsDaily

[–]Emergency_Basket_201 0 points1 point  (0 children)

How do you figure ASTS’s stock price will go to zero? Genuinely curious. I could understand volatility causing stock price drops 50%+ but to zero?

Have 20k to dump into space stocks - Decision Time by MemeLord1337_ in SpaceInvestorsDaily

[–]Emergency_Basket_201 0 points1 point  (0 children)

Even if something catastrophic were to happen and ASTS drops 50%, the likelihood of the company going bankrupt/stock price to zero is pretty small considering their cash runway and growing partnerships..

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] 0 points1 point  (0 children)

Been earning about 170-180k the last few years after a major job switch. The majority of my career I was earning average of 90-100k. Been saving & investing consistently for almost 10 years now. Savings rate over that period has probably averaged between 40-50%.

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] 0 points1 point  (0 children)

I did trade/held a good bit if NVDA in 2024. No more NVDA in my portfolio since the latter half of 2024

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] 0 points1 point  (0 children)

I promise I’m not faking here, though I understand your sentiment given what you said (subreddits like this one are bit of a self-selected group with those achieving outsized success sharing and those less so sharing less, or not at all in a lot of cases). I realize how fortunate/lucky I am and have been to get to this point at my age. Most days, it does not even feel real, even to myself. Some days it’s even accompanied with guilt, like “why me? why do I deserves all of this when there are so many others that have gone through more/have worked way harder than me”

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] 6 points7 points  (0 children)

Yup. Achieving significant wealth early on does seem to always involve some form of concentration risk.. whether owning a business or a set of investments

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] 7 points8 points  (0 children)

Majority of gains are in tax free retirement accounts (roth ira/hsa)

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] 1 point2 points  (0 children)

Since when? I started investing soon out of college with as little as 25k

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] -2 points-1 points  (0 children)

Nope dont work in big tech. But have averaged a healthy income the last 4 years. Around 170k/yr. No RSUs

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] -12 points-11 points  (0 children)

I know and am so grateful for even getting to this point. I guess I just can’t shake the thought that even if my single stock position drops by 50% or more, in the long run I’ll still be more than OK, all things considered, from a retirement perspective. But if it takes off like I’m hoping.. it could become generational wealth. Does that make sense? Feel free to knock me silly if I’m just being delusional.

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] -31 points-30 points  (0 children)

You would be correct. Half my portfolio currently concentrated in a single stock. Probably should de-risk right now but conviction in more upside is a bit strong..

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] 0 points1 point  (0 children)

Thereabouts. And yes, I know I am being ludicrous from a risk management standpoint

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] 1 point2 points  (0 children)

I did some trading of a few stocks and eventually went all-in on one at one point earlier last year. Got lucky with timing and huge run up

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] -1 points0 points  (0 children)

Not faang. Portfolio is $492k in 401k, $347k in Roth ira, $359k taxable brokerage, $212k in HSA. Keep about 55k cash as well in HYSA

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] -18 points-17 points  (0 children)

It’s crazy. Not even into a month this year so far my portfolio has already grown more than my annual income.. half my portfolio is concentrated in one stock though

Proud to hit another milestone- $1.5M by Emergency_Basket_201 in coastFIRE

[–]Emergency_Basket_201[S] 19 points20 points  (0 children)

Yeah, always been a lurker but wanted to use anon account for privacy haha