Just put together our October 2011 net worth... you can see it on NetworthIQ.
It went up slightly to just over $410,000. I wish I had done a report between July and now to capture the crazy stock market movements. Just a month ago our retirement account balances were down about $30,000. They have since recovered.
1 comments:
Welcome back. it has been a while. You are doing very good!
Can I ask you a question, in regards to long term investment?
I recently did some calculations and the results are very much frustrating, to be brutally honest.
Have a look yourself - they are all published.
If you invest $ 40, 000 a year over 35 years, at modest inflation rate of 2% and administration fee of 1-2% you need stock market to perform at 4% just to preserve value of your money and higher to gain anything.
This means that you are only preserving money you are investing at a very high risk. So it is just plain wisdom - is there a point to be frugal and try to save, if you ended up loosing money?
Feeding financial industry and no living your life in full?
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