My Financial Journey

If you follow my blog you know I have a goal of having $100,000 in principal put away by the time I reach 30, I have also talked about how I would like to make $100,000 per year by the time I reach 30, I’m currently working out plans for other goals, such as when I should reach $1 million dollars and possibly how much money I need to retire early (in my 40s). This goal however is going to seem somewhat counterintuitive to those goals. In roughly 5 years time I want to have enough money put away so that I can build a house out in the country with a full court outdoor sportcourt basketball/volleyball/tennis/etc court.
(more…)

I left my previous employer in January of this year and have been waiting to receive my matching funds from last year (deposited June 15th of this year). I was looking at the company’s 401k rules and see that I am only 20% vested after my 2.5 years of service. So basically what I was expecting was that I would get 20% of my matching funds for the previous year seeing how I am not longer an employee. It appears however that I got 100% of my matching funds.

(more…)

I was just perusing over my portfolio this weekend and realized that I have my first two “bagger”. In investing the term “bagger” was coined by Peter Lynch, which refers to an investment that has multiplied in value. He actually often used terms like 6 or 10 bagger, which he grabbed from the game of baseball where “bags” or “bases” that a runner reaches are the measure of the success of a play.
(more…)

Seeing as how the Roth 401k has only been around for a little over a year and a half, there isn’t a lot of information out there about rolling these things over. I have a Roth 401k at a previous employer and while the fees and funds are very acceptable at the previous employer I just want total control over my choice of investments and want to consolidate some of my accounts, so I will be rolling over my Roth 401k into my existing Roth IRA.

(more…)

Heh – another great month for my retirement nest egg. Up over 7% this month and creeping up on the $60,000 mark. It’s amazing how fast your accounts grow when you make regular contributions and just let the magic of the stock market do its thing. It’s been an amazingly long run of stellar stock market returns. In fact I think the last 5 years have been one of the longest consistent bull runs ever. Guess that means odds of things heading south for a bit are slightly higher.
(more…)