Today, our investment accounts have now hit the biggest financial milestone to date: surpassing $700,000 in value!
It’s both incredible and slightly scary how well the stock market is doing. There are great reasons for why the market will continue to soar. There are equally good reasons for why the market is frothy and will crash soon. The current market sentiment is that the economy will continue to improve. Covid deaths are declining, millions are getting their covid vaccines, businesses are re-opening, and consumer confidence is up. There is pent up demand to travel, visit amusement parks, attend sporting events and spend money. This is great for the economy and investors believe the economy will continue to boom.
We are conservatively riding this wild stock market. At this time, we are more comfortable with less risk of financial loss than missing out on bigger financial gains. Being too conservative has risks though - I don’t even want to think about how much potential upside we have missed out on! Our portfolio is currently sitting at about 67% stocks and 33% bonds and slowly moving towards a 70/30 asset allocation.
The stock market can continue to go up or it can sharply pull back. No one can really predict the future. Our asset allocation keeps us invested and helps us sleep well at night.
Here is a look back at the timeline of our previous investment milestones:
July 2010: I opened up my first Roth IRA investment account.
June 2, 2014: 100K
March 12, 2016: 200K
June 5, 2017: 300K
July 15, 2018: 400K
April 16, 2019: 450K
November 5, 2019: 500K
January 18, 2020: 550K
November 7, 2020: 600K
January 12, 2021: 650K
April 7, 2021: 700K
We continue to hit new financial milestones, with each milestone coming sooner than the one before it. The power of compounding is truly incredible. We are looking forward to reaching financial freedom. Keep investing my friends.
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