04-02-2021, 07:11 AM
(04-02-2021, 06:19 AM)ken-do-nim Wrote: Yeah in the first six weeks of the year my portfolio grew faster than my paychecks; it was a nice feeling. Sure didn't last!I may have tossed the binder it was in. If not I will share it. I had it on digits by the 1990s and referred to it. It started around 1986 and the goal was to have about $1M at age 53. My contributions the first five years were literally extra earned side hustle money repairing cars out of my garage as my living expenses consumed my meager paycheck. Where there is a will there is a way.
You should scan your yellowed and brittle progress chart and show us.
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So now that I refinanced the mortgage and cashed out the house's equity, the next big way I can contribute funds to my portfolio is to sell my grandfather's vintage stamp book from the 1950s. The difficulty is in evaluating how much it is worth. I don't really see anything too similar on eBay, but of what is there, it could be worth $10,000, $50,000, or even $100,000. I don't want to sell it for less than it is worth, so my next major project is to figure that out. And if you're wondering how could I sell such a family heirloom, my grandfather got it for me pretty much for this exact reason. He was always looking for ways to pass things down to us that would grow in value, like rare coins and stamps, and wanted my siblings and I to learn investing.
The 2000s bogged me down some but I got caught up with contributions and the bull market of this decade. My gains were nothing remotely like linear with market crashes, my aggressive investing style and real decent pay the last 10 years beofre retiring. I have several significant pensions plus SS coming soon. I also have real estate I sold on contract to keep me out of my stock portfolio. I prefer to be diversified but this is about as good as it will get. And I work part-time at HD now because I am frugal and paranoid.
I'll try to stop that in a year or two. I have no real need to worry now.