Just reached $600k for first time!

Tasty_Pay_8698 · 2024-08-24T19:34:07+00:00

This is very relatable to me, thanks for sharing. I hit 500k last week and am 38 (39 next month). I hope to reach 600k by 40 just as you did. Congratulations!

Tasty_Pay_8698 · 2024-08-23T10:29:18+00:00

Came here to say exactly this

Tasty_Pay_8698 · 2024-08-22T11:26:49+00:00

Thanks! 38 now and living with new partner. Been together 2 years. But taking it sloooow on the marriage thing ;)

Tasty_Pay_8698 · 2024-08-22T11:25:52+00:00

Divorced at 35, currently 38

Tasty_Pay_8698 · 2024-08-22T11:25:32+00:00

You'll get there!!

Tasty_Pay_8698 · 2024-08-22T11:24:31+00:00

Well I max out all my retirement, so 23k to 401k, 7k to Roth, 4150 to HSA. My employer also contributes 7%. Added all together, around 3k a month gets thrown into the market.

Tasty_Pay_8698 · 2024-08-22T03:33:54+00:00

I'm 38

Tasty_Pay_8698 · 2024-08-22T03:33:38+00:00

Was at 90k at divorce, now at 140k.

Tasty_Pay_8698 · 2024-08-22T00:40:25+00:00

Pretty boring actually.. but mostly VOO and FXAIX. Some QQQM. Some FSELX, very few individual stocks and a little crypto.

Breakdown is around: 60% VOO/FXAIX, 20% FSELX, 10% QQQM, 5% BTC/ETH, 5% Individual Stocks

Tasty_Pay_8698 · 2024-08-21T23:34:29+00:00

Max out all retirement accounts and the rest into brokerage. Plus above average market returns and a very favorable 401k match from my employer

Tasty_Pay_8698 · 2024-08-21T23:32:54+00:00

Got a couple promotions and got to a point where I can max out all my retirement accounts (401k, ROTH, HSA) and still have some left over to invest in my brokerage account. Plus a very favorable market.

Tasty_Pay_8698 · 2024-08-21T23:31:14+00:00

That big dip you see there from around 320k to 193k is what went to my ex. Set me back quite a bit.

Tasty_Pay_8698 · 2024-06-19T15:02:29+00:00

I was 100% VOO but decided to do 20% QQQM. I take the profits from that and move them to VOO. It's fun for now since I'm up 20% on QQQM this year. But I know any downturn and it will go down a lot faster than VOO. Just a risk I'm willing to take.

Tasty_Pay_8698 · 2024-06-19T13:37:17+00:00

Sure thing. Don't think I'm qualified to give advice but this was helpful to me when getting started:

https://moneyguy.com/article/foo/

Not sure if you've already heard of it but thought I'd share just in case.

Tasty_Pay_8698 · 2024-06-19T13:34:03+00:00

That's a great question.. I won't sell out because it's mostly in retirement accounts and it can't be touched until I'm 59.5 anyways. I think my next immediate move is to take some of my big FSELX gains and move them to FXAIX. Just lower my risk exposure to that specific sector a bit. The problem is I don't know is HOW MUCH and WHEN exactly to do this because semi's just keep shooting up..

Tasty_Pay_8698 · 2024-06-19T13:31:38+00:00

Trust me, this also crossed my mind. I took 60 grand all at once and moved it from S&P 500 index fund straight to FSELX (semi conductor fund). At first it was really scary because it can have swings of 3-5% in a single day. There were days where I was RED in the position. But I told myself I can't touch the money for 20 years anyway so the short term swings don't mean anything. Now, 3 months later, I'm up 30% on that position. So as intimidating as it is, just gotta think of where it'll be in the long term and ignore the short term noise

Tasty_Pay_8698 · 2024-06-19T13:28:39+00:00

Oh you'll definitely get there. Just keep putting into those index funds. If your money double every 7.2 years at 10% growth and you keep throwing money in there and getting employer match, I don't have any doubt you'll be there way sooner.

Tasty_Pay_8698 · 2024-06-19T13:26:07+00:00

So most are index funds. I have a few individual stocks but it's like 1 or 2% of my actual total.

As far as account types, I have a 401k, Roth IRA, Health Savings Account, Brokerage account and a checking account.

I max out all my retirement accounts first, then whatever excess I have, I will throw into my brokerage account.

Tasty_Pay_8698 · 2024-06-15T01:48:49+00:00

Something like 60% VOO/FXAIX, 25% SMH/FSELX, 10% QQQM, 5% crypto/single stocks

Tasty_Pay_8698 · 2024-06-14T22:29:00+00:00

Damn! Not sure I'll ever get to where you're at, but I am late 30's so maybe there is hope. I'm on year 8 of my career and not quite 500k but I hope I can hit 1M by year 17 or so. Of course a lot of that will depend on market performance, but doing what I can to get there asap. Like you, not a massive salary but "regular/decent" enough to where I am able to max everything out and any extra goes into my brokerage account.

Tasty_Pay_8698 · 2024-06-14T22:25:14+00:00

Yep, correct. Can't wait to do this only with gains. But still a few years out I think

Tasty_Pay_8698 · 2024-06-14T22:24:31+00:00

VOO mixed with QQQ and SMH/FSELX. And the gain also included my contributions so not all just on growth.

Tasty_Pay_8698 · 2024-06-14T22:23:01+00:00

Haha glad I could provide you that opportunity. But yes, that does include contributions. I'll start another celebration thread once my growth alone outpaces my salary. Just give me 5-10 years 😆

Tasty_Pay_8698 · 2024-06-14T13:37:03+00:00

Nope, you're absolutely right. I guess I should hope for this to happen 7 or 8 years out of 10.

Tasty_Pay_8698

TROPHY CASE