I did my monthly expense and investment report a few days early and am pleased to see that I'm just $20,000 short of $1 million in total assets. I currently stand at $980,006.
That includes my home value but the rest is savings and investments. My investments for the month of April were up $16,000 from the previous month, and the current value of my investments alone is $699,727.
While this is all very nice, the REAL milestone for me will be when I hit $1 million in investments alone, not including the house value, which I think is cheating a little since you have to live somewhere.
I recently rejiggered my asset allocation to be a tad less aggressive, given I'm approaching my 56th birthday.
My current allocation is:
Total stocks: 58% (Domestic: 43%/Intl: 15%)
Bonds: 32%
Cash: 10%
In the domestic stock category, I also reduced my small cap exposure to just 5% as I keep hearing volatility will increase this year. I may also increase my international exposure as the Street says domestic stocks will be very mediocre compared to abroad.
That's the nice thing about having money in IRAs; you can move things around among IRA accounts without tax consequences.
Tantalizingly close to a big milestone
April 28th, 2015 at 01:36 pm
April 28th, 2015 at 01:52 pm 1430229168
April 28th, 2015 at 03:26 pm 1430234807
April 28th, 2015 at 04:47 pm 1430239665
April 28th, 2015 at 05:57 pm 1430243860
We finally went over $500K here a couple of weeks ago. It's a great feeling to hit those milestones.
April 28th, 2015 at 07:35 pm 1430249735
April 28th, 2015 at 08:40 pm 1430253636
April 28th, 2015 at 09:42 pm 1430257377
I am sure you have a good handle on your finances, but yeah, I would personally consider leaning more and more towards a conservative portfolio.
April 28th, 2015 at 10:18 pm 1430259509
April 28th, 2015 at 11:30 pm 1430263856
I'm puzzled about your decision to hold 10% in cash in a retirement portfolio since you are losing buying power to inflation. You've experienced the 30% loss of value 2008-2010 and stayed the course to enjoy the resultant reward. I feel so bad for people whoo panicked and sold into the downdraft.
April 29th, 2015 at 01:26 am 1430270797
May 9th, 2015 at 10:51 pm 1431211903