04-04-2024, 12:49 PM
(04-04-2024, 12:21 PM)ken-do-nim Wrote: I am pretty darn sure you will easily get to $6M in 6 years. The only thing holding you back may be your Tesla purchases. Otherwise, I believe from previous posts you are somewhere around $3M now, possibly $3.5M. I am going to wager that you have an average annual performance rate of 25%. Plugging into my handy dandy investment calculator $3M @ 25%/year gives $11.4M in 6 years. In fact, let me compute what the minimum average annual performance you'd need ... just 13%. If you are at $3.5M now, you only need to average 10%. And that's with no new money added.
For me, I have an autistic son living in the group home system who is 20 and a mother who is 78. Moving would entail coordinating with my ex-wife to bring my son along, and I don't want to abandon my aging mother. So staying in Mass is probably what's going to happen. But gosh, I went on a vacation to Estes Park in Colorado once and I love it there.
Hawaii is great as a vacation destination; I think it would get old as a permanent residence. When I took the flight from Boston to Hawaii, I spoke to the people next to me on the plane. They were from Hawaii, and coming to Boston for vacation. I asked why would you leave paradise to come to Boston? They kind of rolled their eyes
My buddy who retired and moved to Hawaii told me people are miserable no matter where one goes lol.
Boston is one of my favorite cities, great culture, great food!
As far as portfolio, you have me a little higher but numbers are overall correct looking at the full net worth picture.
I have about 2.7mil in the market, with a 500k buyout package waiting in the background. If I retired today, we'd have over 3.1mil in the market. If we include all that and the equity in our home we'd be in and around 3.5mil in net assets as of today.
So maybe total net worth will be around 6mil in six years...as far as portfolio? IDK, I've been hit hard with some bad years here and there--I'm thinking 4 to 5mil porfolio, not counting home equity is a reasonable outcome in 6 years.