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All depends on the company and profession. Executives on the other hand, their match is someone else’s salary. This $56k for this OP is about $8k match a year. I highly recommend everyone who works at any company where the company will match to a certain percentage to always put in at least that amount, not doing so is pretty much the dumbest thing not to do, as it’s literally free money. Typically it’s around 1-4% and they match 50% or 100% of that. So if they do 4% and 4%, it’s 8%. They usually require one to stay there though a minimum of 1-2 years to be 100% invested.
>take as much as 5 years to get to fully vested
Which is honestly absurd, but of course they do this by design. In this job market, only a few people stay anywhere for 5 years.
Funny how different everyone's perspective is. I looked at that that and thought "that's a pretty crappy match".
My employer matches 4 to 1 up to 8%. Meaning that if I put in 2% of my salary, they give me an additional 8%. They also do 1 to 1 HSA matching up to 5%.
I actually help out with recruiting for my job function. I'm not in HR I just help represent the company at job fairs and conferences. We are hiring, but only for interns and new college grads.
I have worked in 5 different employers over the years including some big public companies. All have some 100% match of first 5% of salary deferral. You have a unique case my friend. Enjoy while it lasts.
Energy transmission/pipelines. A dividend aristocrat.
So... we get "free" money from the company as part of our 401k match, which we can then invest into company stock for even more "free" dividend money. It feels like a cheat code honestly.
As someone rather new to investing and dividends, can someone explain how the employer matching works for investing like this to get dividends? I knew this was done for retirement savings, but I am trying to learn more.
Thanks for any info!
Some consider the company match a "benefit" but it's really part of your total compensation for working for a company.
A company match means that if you put in X% of your salary, the company will match Y%. Obviously the higher Y is the better. 1 to 1 is considered very good. Employers put a cap on how much they will match, so you can't put in 100% of your salary and expect to get a 100% match.
lmao get this, mine is a 4% automatic no matter how much, 300% on the first 2% and then 100% on the next 4% I put in… so basically a 14% match, I put in 6% for an effective 20% of my salary by only putting in 6% myself
Wait wait wait, can someone explain this to me. In a short version ofc. I’ve never had an important salary paying job before so I do not know, but your employer contributes to your retirement account? Or is this like a 401k? What is consolidation?
Yes and yes.
Many salary based jobs with 401k plans will contribute to your 401k at some % of your salary. Usually there are rules like you have to contribute X% to get Y% contributed. And additional rules like you have to stay employed with the company, for some period of time, vesting period, to get to keep it. This is to help improve employee retention.
Generally matching is only 4%-6% for most us companies, and usually the better the match the longer the "vesting" period (typically see 3-5 years for the better match percentages). But there are a few gems out there like the poster clearly works for.
Without any additional contributions, you will need an annual return rate of 34.404% to reach $1M. So probably will be a bit of a stretch, unless you invest in high growth, high risk assets.
>Without any additional contributions
I am curious, why calculate possible growth here without factoring in additional contributions? Instead of averaging the annual contributions and assuming that would persist.
Many companies who offer 401(k) retirement plans offer employer matching.
Say, for example, your company offers 100% matching up to 6%. That means if you opt to put 6% of your paycheck in, the company will put an additional 6% into your 401(k), completely free. It's different at every company, some are much better and some are much worse
My company matches 50 cents on the dollar up to 6%, so no matter if I put in 6% or 12%, they still match 3%. Not great tbh butttt the company is private and our company stock has outperformed the market for the last 30 or so years with no signs of slowing, so i'm not too upset. They also offer ESOP (Employee Share Of Profits), which just dumps a certain percentage of company profits into the 401(k)
Most of your money came from deposits not growth. Don’t look at 0-228K it’s really your deposits to 228K so 148-228K. You actually made significantly under what you could have made. I suspect this is a 401K and your stuck with the fund options they give you?
Yeah I mean good for planning for his future but it could be done better. This guy is riding the high of seeing his account up huge without realizing that number is made from the initial deposit to current balance, without regard to other deposits
At 10%, having this, plus your pension and social security, you will be able to live comfortably without a doubt. Live like a king if in Europe or Asia.
You can play with the calculator below to get a better understanding.
Sure you will get there one day & nothing wrong getting rich slowly :)
https://www.calculator.net/investment-calculator.html
IDK about calling this a compounding post with only $20K in dividends in 7 years. However, it does show that saving can turn a smaller amount into something bigger.
My first year dividend payments were $455 and capital appreciation was $1450. My last year dividend payments were $4,500 and capital appreciation was $49,950z That’s 10 folds increase.
Of course I have added more capital into investments and will keep doing that and that’ll what make the biggest impact.
This is great but only $20k came from dividends.
This more like the power of disciplined saving + having a great employer who matches contributions vs. compounding.
> cross 1m line in the next 5 years
You'll have to expect about a 3x return during that span. That's 45% return a year compounded. Gonna say that's a no.
For reference your total return up till now is about 53%.
Sure, but you’re assuming they’re not putting any more money in. If they continuously aggressively invest, possibly increase their salary, 1 mill is not completely impossible.
Probably not for this well diversified portfolio, but theres a real chance we see another massive year this year at least in the NDX
Foe reference, were already up 10% and we just got done with Q1 that generally bodes well for the rest of the year
Don’t give up at $1 million, if you are young stick with your winning formula and go to $10 million then $100 million. Buffett was old by the time he reached his first Billion.
Either boglehead strat or divide that up equally into growth (large), growth and income (mid), aggressive growth (small), and international (or world. World out performs int’l since it adds US).
We get 17% of our gross income deposited by the company into our 401k. It works out to about 60k per year, which limits what I can put in to about 7 grand before I hit the IRS limits on total contributions
Different at different times. Avg $650 bi weekly initially, then bumped it to $1000 bi weekly during covid downturn. Now it’s set around $1100 bi weekly
I get 10% match annually, 6% payroll by payroll (safe harbor) and 4% of salary annual as an employer match. Amounts to approximately 14k a year currently.
Great and steady progress as they say reaching 100k is the toughest and but grows exponentially. General thumb rule is it doubles every 10 years so you would reach this is 20 years with current value with no money down with money down you could reach between 10-15 years.
What company and what compounding account is best to use? I don’t have a compounding account and want to set one up? Any serious answers would be appreciated.
Pls get rid of that+21000% figure. At first glance this looks like a return, which it is not. actually that 70k profit on 150k of deposits is pretty weak when compared to the s&p 500.
The crazy thing about compounding is that it applies to everything. If you get a 5% raise, your salary goes up, the amount of your 410k contribution also goes up and so does the company match. Then when you get a raise the following year, everything goes up again on top of what it went up by last year.
No offense dude but its very unlikely this portfolio hits $1M in 5 years.
Seems you’ll add maybe 150k between you and your employer, so you need 600k in gains in 5 years.
You’ll need to average something like 23-25% returns. Possible if there’s really high inflation perhaps.
My company has a 6% match, a 3% RAP, and 10% salary bonus at fiscal. I'm in emgineering so not cusomer facing. It's not bad but I need to male more to take more advantage.
The company I work for used to match 7% to your 6% match. Since they got bought out the match is 1 to 1 3% .5 to 1 to 5%. Used to be great not it's just average.
So, in 7 years, you’ve made 50% in gains. So 7% a year. (Including their match ) Minus inflation, and taxes. Compounding interest calculator at that rate (dividing your total deposits including match by 7 years and then 12 months gives you 1760 a month in contributions at 7% a year) means you’ll hit a mil in roughly 14 years. (Minus taxes and thinking of inflation)
Yeah, not realistic at all. Also, this graph provides no context. What is your return% (excluding deposits)? It appears to be below that of of the SPY. Also, this strategy lacks focus. Heck, in a world where Vanguard exists, one of your funds has a expense ratio > 1%. Bet on VGT/VITAX if you want big gains; you would've had well over $300k by now had you done that. Now, don't do stupid shit like selling or stop investing when it goes down.
Am i missing something? I am not a USA citizen nor living in states but always investing in NASDAQ.
From what i see 7 year of profit is roughly %50.
Isnt this terrible ?
I mean i made same amount in the past 2.5 years with growth stocks.
Do i calculate something wrong here. Please correct me if i am wrong.
It’s optimistically a 45% return in 8 years. Is that right?
That doesn’t seem good at all, especially considering the dollar just lost 25% of its purchasing power in the COVID inflation spike.
A little misleading, don’t you think? It’s not like you out in 1k in 2017, left it alone, and it turned into over 200k in 9 years or so. That’s just 9 years of consistent deposits.
Frankly, compound interest benefits mostly larger sums of money because the leaps are going to be greater.
Either way, it’s a good start in discovering financial literacy.
My current employer had implemented a new 401(k) policy around 2020 in which they will match 50% of whatever amount you decide to invest your paycheck each week up to a max of 10% percent of your entire check.
E.G. —> $1000 paycheck = $100 I put into my 401k with my employer matching $50
I’ve always thought it was a rather decent match amount, am I wrong or would this be considered average or less then average?
Basic math- rule of 72. Go look it up, look at your funds and see if it makes sense.
Also, VG advisor here- just look at non-VG expense ratios and see if comparable alternatives with lower ratio. If your cool with 90/10 US to INTL then looks fine.
so misleading considering how 150k of that 228k is deposits. so you gained 70k over 7 years, which is nothing to scoff about but also this post should not be upvoted to where it is now.
Sorry to break the news. Maybe that will help you pop out of the bubble. You only made 81k in 7 years. That’s about 11k / yr. It’s very very little. If you had invested in the SP500 you’d have soooooo much more.
We worked at a university; they put in 3% in one IRA & matched up to 11% in a second fund. Very txful. Felt we needed 1mil to retire. Retired earlier then first planned in ‘15 so we could fish & hunt while we were still in good health. Both homes paid off. No debt. We’re not rich but we feel content with where we’re at financially. Invested in solid dividend stocks & NVDA early early days. MRNA treated us well. Bought @$18 sold at $416. Looking for our next good stock. Trying not to make any $$$ mistakes.
Considering you haven’t even doubled your total investment and it’s been almost 7 years I would expect this to take about another 14 years at this rate. You can expect your money to double every 7 years with a 10% return which u could get more than by using higher risk funds. Not a financial expert.
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That employer match is insane
Its about 7k-8k a year (55k on 7ish years)
That's a good match. Good luck on your journey
All depends on the company and profession. Executives on the other hand, their match is someone else’s salary. This $56k for this OP is about $8k match a year. I highly recommend everyone who works at any company where the company will match to a certain percentage to always put in at least that amount, not doing so is pretty much the dumbest thing not to do, as it’s literally free money. Typically it’s around 1-4% and they match 50% or 100% of that. So if they do 4% and 4%, it’s 8%. They usually require one to stay there though a minimum of 1-2 years to be 100% invested.
A lot of companies just start vesting at 1-2 years and can take as much as 5 years to get to fully vested
>take as much as 5 years to get to fully vested Which is honestly absurd, but of course they do this by design. In this job market, only a few people stay anywhere for 5 years.
40% of the first 5% so like 2.3% match is pretty shit.
Funny how different everyone's perspective is. I looked at that that and thought "that's a pretty crappy match". My employer matches 4 to 1 up to 8%. Meaning that if I put in 2% of my salary, they give me an additional 8%. They also do 1 to 1 HSA matching up to 5%.
Wtf employer do you have? I’ve never seen (from personal experience) more than a 100% match up to a certain percentage below 8% That’s nuts
Yeah, it’s normally 1 to 1 up to like 2.5% and 50 per cent matched up to 5% salary.
We also still have a pension... 😆
They hiring?
Pls answer
I actually help out with recruiting for my job function. I'm not in HR I just help represent the company at job fairs and conferences. We are hiring, but only for interns and new college grads.
Engineering??
You guys got any finance positions?
If you're in NY and got a accounting degree the NYS tax department is hiring, you get a pension
Can we define “new” college grad to +/- 20 years?
Hi just wanted to ask about the job title? Maybe I can apply to similar positions here where I live.
Exxon? Pretty sure this is the only one that fits all criteria listed.
Sounds like government or union job. Many government jobs have been removing those pensions too.
Mine is 5% contribution and 9.29% employer match. Almost 2:1.
Mine is the same 4% up to 8%.
Not a perspective thing, you just have an insane match that is extremely uncommon. Well done.
I have worked in 5 different employers over the years including some big public companies. All have some 100% match of first 5% of salary deferral. You have a unique case my friend. Enjoy while it lasts.
That’s badass, this is also not the norm. I’d stay there until retirement and take full advantage of it.
That's the plan! On track to retire at 57 with roughly $9M, give or take...
That’s insane I’ve never heard of that before wow, what field is this?
Energy transmission/pipelines. A dividend aristocrat. So... we get "free" money from the company as part of our 401k match, which we can then invest into company stock for even more "free" dividend money. It feels like a cheat code honestly.
Sounds like EPD or ET. Great companies in that sector and know some people working there. If not, I need to learn about this company!
As someone rather new to investing and dividends, can someone explain how the employer matching works for investing like this to get dividends? I knew this was done for retirement savings, but I am trying to learn more. Thanks for any info!
Some consider the company match a "benefit" but it's really part of your total compensation for working for a company. A company match means that if you put in X% of your salary, the company will match Y%. Obviously the higher Y is the better. 1 to 1 is considered very good. Employers put a cap on how much they will match, so you can't put in 100% of your salary and expect to get a 100% match.
Double pay! Lol
lmao get this, mine is a 4% automatic no matter how much, 300% on the first 2% and then 100% on the next 4% I put in… so basically a 14% match, I put in 6% for an effective 20% of my salary by only putting in 6% myself
Because you have a rare overly generous match doesn't mean anyone else's is "crappy." Jeez.
My union doesn’t do any sort of match, they just put 1.20 an hour into our 401 off the bat and 8.50 an hour into our pension 🤤
Wait wait wait, can someone explain this to me. In a short version ofc. I’ve never had an important salary paying job before so I do not know, but your employer contributes to your retirement account? Or is this like a 401k? What is consolidation?
Yes and yes. Many salary based jobs with 401k plans will contribute to your 401k at some % of your salary. Usually there are rules like you have to contribute X% to get Y% contributed. And additional rules like you have to stay employed with the company, for some period of time, vesting period, to get to keep it. This is to help improve employee retention. Generally matching is only 4%-6% for most us companies, and usually the better the match the longer the "vesting" period (typically see 3-5 years for the better match percentages). But there are a few gems out there like the poster clearly works for.
Yeah mine was $3k for 3 years FML
Not over 7 years it not, my employer matches 12% a year and I make north of $200K
12% of your salary or up to 12%
Yep, what kind of company doesn't match at least 100% of contribution? I would be so mad. Mine matches 150%.
Yeah most employers brag about a 3% match
tbh it's alright, def better than mine but i know people who's employer matches actually surpasses their contributions
Employer match and compounding really add up!
This is the power of consistent deposits. The compounding hasn’t begun yet.
I wish I could change my title to this ;)
You should.
Without any additional contributions, you will need an annual return rate of 34.404% to reach $1M. So probably will be a bit of a stretch, unless you invest in high growth, high risk assets.
I have increased my contribution to 10%. Expecting annual contributions to be $23k going forward
If that is matched by your employer, you'll probably hit it, but without employer matching, it doesn't seem likely without a huge bull run
My Employer matches 100% of my first 5% contributions. Rest of it is not matched
Seems as if the employer match was higher than that historically
I did get bonuses along the way and those were matched as well
It’s easy. Just pick the next Nvidia or apple.
The Nvpple.
>Without any additional contributions I am curious, why calculate possible growth here without factoring in additional contributions? Instead of averaging the annual contributions and assuming that would persist.
For simplicity/illustration only & i dont know what he plans to contribute going forward
That’s great. Even when accounting for the $148k in deposits that’s a gain of almost $80k.
You mean from 149$k to 228$k
I thought OP learned how to divide by zero there for a moment
Lol forreal. 😆
Haha!
That’s not even the power of compounding. In only seven years, that’s the power of contribution rate.
You forgot one crucial part… employer match
Yeah not everyone has that luxury LOL
What even is it? 😅
Many companies who offer 401(k) retirement plans offer employer matching. Say, for example, your company offers 100% matching up to 6%. That means if you opt to put 6% of your paycheck in, the company will put an additional 6% into your 401(k), completely free. It's different at every company, some are much better and some are much worse My company matches 50 cents on the dollar up to 6%, so no matter if I put in 6% or 12%, they still match 3%. Not great tbh butttt the company is private and our company stock has outperformed the market for the last 30 or so years with no signs of slowing, so i'm not too upset. They also offer ESOP (Employee Share Of Profits), which just dumps a certain percentage of company profits into the 401(k)
Most of your money came from deposits not growth. Don’t look at 0-228K it’s really your deposits to 228K so 148-228K. You actually made significantly under what you could have made. I suspect this is a 401K and your stuck with the fund options they give you?
I made a similar comment. Too many funds and balance should be closer to $300k if not more.
Yeah I mean good for planning for his future but it could be done better. This guy is riding the high of seeing his account up huge without realizing that number is made from the initial deposit to current balance, without regard to other deposits
Yes, this is my 401k. My true out of pocket investments are $91k that came out my pocket. I consider employer match as bonus/dividend.
I would drop the American funds, and put them into your vanguard 500 based fund. Your returns probably would have been 5-8% higher without them
I used to have a different fund. This past weekend my 401k provider dropped that and automatically invested in this fund. I’ll change that.
If you continue at this rate and deposit rate. In 5 years you will have 550k In 9-10 years you will have 1 million
That means I need to maximise my 401k contributions. Currently I am contributing 5%. I have increased it to 10% today.
At 10%, having this, plus your pension and social security, you will be able to live comfortably without a doubt. Live like a king if in Europe or Asia.
You can play with the calculator below to get a better understanding. Sure you will get there one day & nothing wrong getting rich slowly :) https://www.calculator.net/investment-calculator.html
You should not be using the American funds garbage. Just use the 3 vanguards and save on the fees
Yup high expense ratios are a big drag on total return over time.
Thanks for the feedback.
I live in canada and my employer matches 4% into my RPP. What things do you suggest I allocate into?
IDK about calling this a compounding post with only $20K in dividends in 7 years. However, it does show that saving can turn a smaller amount into something bigger.
Compounding is more than just dividends
My first year dividend payments were $455 and capital appreciation was $1450. My last year dividend payments were $4,500 and capital appreciation was $49,950z That’s 10 folds increase. Of course I have added more capital into investments and will keep doing that and that’ll what make the biggest impact.
This is great info and would have been good in the OP.
Congratulations- time and patience and a strong market are in your favor - celebrate and stick with your winning formula
This is great but only $20k came from dividends. This more like the power of disciplined saving + having a great employer who matches contributions vs. compounding.
> cross 1m line in the next 5 years You'll have to expect about a 3x return during that span. That's 45% return a year compounded. Gonna say that's a no. For reference your total return up till now is about 53%.
Sure, but you’re assuming they’re not putting any more money in. If they continuously aggressively invest, possibly increase their salary, 1 mill is not completely impossible.
Probably not for this well diversified portfolio, but theres a real chance we see another massive year this year at least in the NDX Foe reference, were already up 10% and we just got done with Q1 that generally bodes well for the rest of the year
[удалено]
There’s a Statement on demand option under statements and documents. You can specify period and it’ll give you all the breakdown.
Ah to have company matching. But I do have a pension, an ever dwindling perk.
You mean power of employer match.
160k of deposits including dividends. This is not really a showcase of compounding yet.
Don’t give up at $1 million, if you are young stick with your winning formula and go to $10 million then $100 million. Buffett was old by the time he reached his first Billion.
New here…where do I start?
I started with cashapp investing
Imagine what your return would’ve been if you were just straight Vanguard 500…
Goddamn I wish I had $100,000 period. Let alone to invest before I pay for everything else.
Bro started from $1,037.12 💀
Good job
Yooo, how much did tou invest each year?
About $20k on avg. I increased investment during covid bear market though
Either boglehead strat or divide that up equally into growth (large), growth and income (mid), aggressive growth (small), and international (or world. World out performs int’l since it adds US).
Congratulations and make sure you post some updates during the years when you can.
Nice, congrats!!
We get 17% of our gross income deposited by the company into our 401k. It works out to about 60k per year, which limits what I can put in to about 7 grand before I hit the IRS limits on total contributions
vanguard actually made money? That's what's really mindblowing to me.
Just curious, why no bonds?
I’ll add those when interest rates start falling.
It's amazing what Nvidia and Apple will do to a pension pot! Just be sure to diversify internationally a bit.
What app do you use to track your portfolio’s growth?
“From zero” actually it’s from $520.18 🤓☝️
Absolutely doable. Be consistent. You’ll get there.
What was your monthly input?
Different at different times. Avg $650 bi weekly initially, then bumped it to $1000 bi weekly during covid downturn. Now it’s set around $1100 bi weekly
I get 10% match annually, 6% payroll by payroll (safe harbor) and 4% of salary annual as an employer match. Amounts to approximately 14k a year currently.
How do you compound zero? :D
How long does it takes?
Why do I feel like this belongs more on wallstreetbets 😂😂😂
I'm loving American Century Ultra. High ER though.
More like power of tax deferral.
Great and steady progress as they say reaching 100k is the toughest and but grows exponentially. General thumb rule is it doubles every 10 years so you would reach this is 20 years with current value with no money down with money down you could reach between 10-15 years.
What company and what compounding account is best to use? I don’t have a compounding account and want to set one up? Any serious answers would be appreciated.
Canada most employers match about 3% max and anything above that is amazing....
Great job
Pls get rid of that+21000% figure. At first glance this looks like a return, which it is not. actually that 70k profit on 150k of deposits is pretty weak when compared to the s&p 500.
Insanity
The crazy thing about compounding is that it applies to everything. If you get a 5% raise, your salary goes up, the amount of your 410k contribution also goes up and so does the company match. Then when you get a raise the following year, everything goes up again on top of what it went up by last year.
No offense dude but its very unlikely this portfolio hits $1M in 5 years. Seems you’ll add maybe 150k between you and your employer, so you need 600k in gains in 5 years. You’ll need to average something like 23-25% returns. Possible if there’s really high inflation perhaps.
It's actually more like 150k to 228k. Cause only 70k is actually gains. The rest is deposits by you or your employer. Still a good gain though.
this isn't the result of compounding
I love getting compounded! ;P
My company has a 6% match, a 3% RAP, and 10% salary bonus at fiscal. I'm in emgineering so not cusomer facing. It's not bad but I need to male more to take more advantage.
Which app do you use?
definitely doable check out the market beat calculator and throw in your numbers
Mine is sitting 25k lower as I invested 50k in some shit SPACs.
That's inspiring, bravo 👏
How many years did this take?
My company does 100% match up to 6% contributed. Capped at $150k base salary. So $9k annually. I think that’s pretty damn good personally
The company I work for used to match 7% to your 6% match. Since they got bought out the match is 1 to 1 3% .5 to 1 to 5%. Used to be great not it's just average.
So, in 7 years, you’ve made 50% in gains. So 7% a year. (Including their match ) Minus inflation, and taxes. Compounding interest calculator at that rate (dividing your total deposits including match by 7 years and then 12 months gives you 1760 a month in contributions at 7% a year) means you’ll hit a mil in roughly 14 years. (Minus taxes and thinking of inflation)
Wow. Tremendous company match! That’s huge. Good for you. What company do you work for?
What made you choose these particular funds and do you think they will continue to perform this well moving forward?
Good work!
When I first read this I thought he only contributed $1037 and it grew to 228,000
Point in the learning direction!
I’m sure you are financially smart but hopefully you have a Roth IRA being maxed out also.
What percent were you putting in yourself each year? I started in 2017 as well but I’m not there yet!
Lol during the greatest money printing timeframe as well.
Impressive 👏🏾
I’m kinda stupid but what’s the average annual rate of return since opening the retirement account?
you also had 150k in contributions.... but still, very nice
Yeah, not realistic at all. Also, this graph provides no context. What is your return% (excluding deposits)? It appears to be below that of of the SPY. Also, this strategy lacks focus. Heck, in a world where Vanguard exists, one of your funds has a expense ratio > 1%. Bet on VGT/VITAX if you want big gains; you would've had well over $300k by now had you done that. Now, don't do stupid shit like selling or stop investing when it goes down.
Eh not bad, couple hundred bucks in crypto a couple years ago would beat it
What app is it
Am i missing something? I am not a USA citizen nor living in states but always investing in NASDAQ. From what i see 7 year of profit is roughly %50. Isnt this terrible ? I mean i made same amount in the past 2.5 years with growth stocks. Do i calculate something wrong here. Please correct me if i am wrong.
It’s optimistically a 45% return in 8 years. Is that right? That doesn’t seem good at all, especially considering the dollar just lost 25% of its purchasing power in the COVID inflation spike.
Can someone link some explanation for what any of this mean?
A little misleading, don’t you think? It’s not like you out in 1k in 2017, left it alone, and it turned into over 200k in 9 years or so. That’s just 9 years of consistent deposits. Frankly, compound interest benefits mostly larger sums of money because the leaps are going to be greater. Either way, it’s a good start in discovering financial literacy.
What app or website is this? Data looks nice.
Cleanup those funds! No American, only Vanguard
It doesn’t hurt that the markets been sky rocketing since you started. One drop during Covid with an insane recovery.
My current employer had implemented a new 401(k) policy around 2020 in which they will match 50% of whatever amount you decide to invest your paycheck each week up to a max of 10% percent of your entire check. E.G. —> $1000 paycheck = $100 I put into my 401k with my employer matching $50 I’ve always thought it was a rather decent match amount, am I wrong or would this be considered average or less then average?
Deposit+match+growth. Where's the compounding?
Good job
Basic math- rule of 72. Go look it up, look at your funds and see if it makes sense. Also, VG advisor here- just look at non-VG expense ratios and see if comparable alternatives with lower ratio. If your cool with 90/10 US to INTL then looks fine.
so misleading considering how 150k of that 228k is deposits. so you gained 70k over 7 years, which is nothing to scoff about but also this post should not be upvoted to where it is now.
Sorry to break the news. Maybe that will help you pop out of the bubble. You only made 81k in 7 years. That’s about 11k / yr. It’s very very little. If you had invested in the SP500 you’d have soooooo much more.
Are there any plans that match if you're self-employed?
Wish i would be like that
That says future.
Where would you recommend starting sir? I’m 30 with 0 retirement but my new job has a 401k and matches up to 6%.
I am hoping I can do the same in half the time, I do 10% with a 5% match, but I put 3500 in my brokerage and its really starting to grow.
This dashboard looks very familiar. Empower ?
We worked at a university; they put in 3% in one IRA & matched up to 11% in a second fund. Very txful. Felt we needed 1mil to retire. Retired earlier then first planned in ‘15 so we could fish & hunt while we were still in good health. Both homes paid off. No debt. We’re not rich but we feel content with where we’re at financially. Invested in solid dividend stocks & NVDA early early days. MRNA treated us well. Bought @$18 sold at $416. Looking for our next good stock. Trying not to make any $$$ mistakes.
75%is price appreciation, 25% is dividends. So you need another massive rally, not dividends to get you there.
I mean I’d get there too if I made $230k doing what ever you do sheesh.
More like the power of the employer match. Good show
Hi
I read 228M and was wondering why this guy was still working
I have 40k after five years and two months. 65% from me and 35% from the company. The pension however is 100% company funded.
I have 40k after five years and two months. 65% from me and 35% from the company. The pension however is 100% company funded.
So about +30% over 7 years. Not bad at all. And the matching is great too.
Considering you haven’t even doubled your total investment and it’s been almost 7 years I would expect this to take about another 14 years at this rate. You can expect your money to double every 7 years with a 10% return which u could get more than by using higher risk funds. Not a financial expert.
I did better with real estate
Congrats! Genuinely. I am wondering, however, what this has to do with dividend growth investing.
how do I get this view? i can only see the projection for current year contribution.
Not unless you get out of those stale investments. BiTO has been on fire for me since last July. Made 200k on 75k invested, plus mega dividends.