I apologize for not posting more – I’ve got a ton of posts in my draft folder that are about 90% done and I just never finish them. Hate seeing my history of posts only including my monthly reports, but anyway here is my latest monthly report. Another good month for me and one thing I’ve noticed is that the power of compounding in my investments is really starting to show itself as just a 5% gain in my portfolio results in about a $5,000 increase in my retirement nestegg. A couple more good months and I should be passing the $100,000 mark which honestly just a few years ago seemed unimaginable.
I used to look at people like 2 million and other bloggers who posted their net worth and when I saw a six figure mark I honestly thought they were at least a decade or more ahead of me and now after just 2.5 years of blogging my retirement nestegg has grown over $65,000 and has a lot of good momentum behind it ($17,000 in the last 3 months). Now when I see someone like 2 million (who was the first pf blog I ran across and which got me into blogging myself) – pass the half-million mark I no longer see someone who is light-years further ahead of me or who must have gotten lucky or fallen into some money in order to have a net worth that high. Instead I see a milestone that I will likely be celebrating just a few years down the road if I stick to plan of living below my means and consistently contributing to my retirement accounts.
Traditional Rollover IRA – $13,752.53 (+3.98%)
My Roth IRA – $31,549.75 (+4.05%)
Wife Roth IRA – $17,815.20 (+4.2%)
Current Traditional 401k – $27,110.59 (+9.03%)
Roth/Traditional % = 54.71% (tax free)
Total Retirement Nest Egg $90,228.07 (+5.52%)