OMG! We are Millionaires!

[rennigade]

This was incorrect. I must have gotten interrupted or distracted. I hadn't fully updated my spreadsheet.

It turns out that our portfolio is actually up over $58,000 since 12/31/17.

That just boggles my mind.

Start planning your next disney trip. You have money to burn!

[corn18]

Waiting for the correction, but fine with the growth in the mean time.

[Gailete]

This was incorrect. I must have gotten interrupted or distracted. I hadn't fully updated my spreadsheet.

It turns out that our portfolio is actually up over $58,000 since 12/31/17.

That just boggles my mind.

Catching up with this thread I got curious as to what has developed from our investments including our retirement funds. You think your mind was boggled? Mine is even more so. We are up $2700 from the end of the year 1-26-18!

That is more than two SS checks! I'm stunned. I knew were were up but not that much. On one of the other threads I had mentioned that due to an error on my part, my husbands IRA was $50 less than mine way back when. That error has now made over $1000 difference in our accounts! Perhaps it was more than a $50 error as this seems almost impossible.

But for those that read this forum and never say a thing because they think that their humble earnings and savings don't mean much, Just doing a little bit of what you can, can give you rewards as well.

[scfr]

What makes you think real estate gives you more control? You go from liquid assets that you can buy and sell in seconds to ones that can take weeks or months to buy and sell. You are dependent on individual renters to pay their bills on time and not damage your property. If you have a vacancy, it takes time to fill it during which time you're on the hook for the expenses. And the real estate market goes up and down too. Not as wildly as the stock market for sure but we all know it's not a guaranteed win.

I think you need a much higher risk tolerance to be a real estate investor than to be a stock market investor. If it works for you, like it clearly does for TH, that's fantastic. Me? No way I'm getting involved in that.

TH does not only invest in real estate. He also owns franchises and business(es?).

With business ownership, there are definitely more risks, but in some ways you have more control (hands on the wheel), and you definitely have the "insider information" that you do not have with stock ownership. Things can still go wrong, and when they do you are going to feel them much more acutely than a shareholder might because losses come directly out of your pocket, but you make your own decisions rather than relying on strangers who work for a distant corporation making them.

Don't get me wrong, I'm not totally dissing stock ownership. I'm a fan of both business ownership and stock ownership. I'm just saying that I think I understand what corn18 is saying.

[rennigade]

Are you still in the 2 comma club after the market correction?

[corn18]

I'm hanging in there as of close yesterday. Down 7% vs total stock down 10%. I missed out on 5% of gains on the way up because I have a 60/40 AA and it looks like I am avoiding some loss on the way down. Today will be another 1,000 point loss, which will put me back to Oct 2017. I hit $1M last Sep, so if we make it to bear market territory on stocks (-20%) I will be back to $1M.

[disneysteve]

Are you still in the 2 comma club after the market correction?

Of course not.

As of right now, mid-day prices, we are at approximately $986,000. So we're off somewhere around 73K give or take.

I will say I'm at least a bit glad that I did a little rebalancing after the first of the year and moved about 2% of our portfolio from stocks to bonds.

[disneysteve]

Today will be another 1,000 point loss

There's still an hour to go but right now it's not looking so bad with the Dow off only 40 points.

ETA: And it ended UP 330 points! I'm okay with that.

[disneysteve]

Are you still in the 2 comma club after the market correction?

Of course not.

As of right now, mid-day prices, we are at approximately $986,000.

And now we're back in 7 figures at about $1,022,000 thanks to recent performance.

I don't typically track the portfolio that closely but I was curious how things were with what's happened the past couple of weeks.

[Gailete]

I don't normally track the Dow either until it started flying and swooping down and then up again and all around. Interesting to watch. My account is about where it was in mid-December. This is why it is important to look at the broad picture. Those deep dives, out of any kind of context, can especially have folks that don't follow the stock market routinely, like weekly, monthly quarterly or even yearly, think that they have suddenly become desitute when that isn't the truth at all and so sell-off their portfolios and next year at tax time wonder why they are showing big gains for everything!