Well the insanity continues and just 5 days after we hit the $1.7M milestone our nestegg has hit $1.8M. In fact in less than 3 trading days our nestegg has grown by over $130,000 (actually closer to $150k by the time I finish this blog post).
Two big take aways for me are - you can’t time the market as no one in their right mind could have predicted what has gone down in 2020 and secondly compound growth is incredibly powerful. It took me a very long time and lots of sacrifice and saving to accumulate $100,000 by age 30, and now in 2 trading days with zero effort from my side to accumulate an even larger amount while both my wife and I are off for the summer and have no income coming in.
Very powerful.
Edit: After publishing it occurred to me that the Dow is still not back to April 2019 levels and yet our nestegg has grown from $1.1M to $1.8M while the Dow is slightly down. I’m not exactly sure what to make of this other than our individual stocks have been adding an insane amount of growth during this time and as much as I advise against investing in individual stocks I have lucked out tremendously and we have benefited from them.
Taxable Account Ally- $148,001.91
Taxable Fidelity - $5,646.07
Private Stock $72,000
Traditional Rollover IRA - $75,047.27
My Roth IRA – $594,993.36
Wife Roth IRA – $349,723.63
Wife 401k - $4,647.64
Traditional 401k – $550,254.38
Roth/Traditional % = 52.47% (tax free)
Total Retirement Nest Egg $1,800,341.26
Retirement Salary (4%) $72,013
$100,000 NestEgg Milestones
| Date | DOW Jones Value | MFJ Nestegg | Time to Achieve |
| Oct 2008 | 10,000 | $ 69,300 | 29 years 2 months |
| Oct 2009 | 10,000 (+0%) | $100,000 (+44%) | 30 years 2 months |
| Feb 2012 | 13,000 (+30%) | $200,000 (+100%) | 2 years 5 months |
| Jul 2013 | 15,423 (+19%) | $300,000 (+50%) | 1 years 5 months |
| Feb 2014 | 16,395.88 (+6.3%) | $400,000 (+33%) | 7 months |
| April 2015 | 18,084.48 (+10.30%) | $500,000 (+25%) | 1 year 2 months |
| August 2016 | 18,636.05 (+3.05%) | $600,000 (+20%) | 1 year 4 months |
| January 2017 | 20,068.51 (+7.69%) | $700,000 (+17%) | 5 months |
| June 2017 | $21,182.53 (+5.56%) | $800,000 (+14%) | 5 months |
| January 2018 | $25,484.72(+20.31%) | $900,000 (+12.5%) | 7 months |
| May 2018 | $24,667.78(-3.21%) | $1,000,000 (+11.1%) | 4 months |
| April 2019 | $26,234.34 (+2.94%) | $1,100,000 (+10.0%) | 11 months |
| December 2019 | $28,331.20 (+7.99%) | $1,200,000 (+9.1%) | 8 months |
| January 2020 | $28,885.42(+1.96%) | $1,300,000 (+8.3%) | 0 months 28 days |
| February 2020 | $28,399.81(-1.68%) | $1,400,000 (+7.7%) | 0 months 21 days |
| February 2020 | $29,308.80(+3.20%) | $1,500,000 (+7.14%) | 0 months 15 days |
| June 2020 | $27,049.00(-7.71%) | $1,600,000 (+6.67%) | 3 months 22 days |
| July 2020 | $25,884.15(-4.31%) | $1,700,000 (+6.25%) | 0 months 21 days |
| July 2020 | $26,209.81(+1.26%) | $1,800,000 (+5.88%) | 0 months 5 days |