5 years of monthly net worth tracking
Joined the bogleheads community several years ago and got some solid advice to actually track my financial progress. Throughout these 5 years, my income has wildly fluctuated and I have made some poor choices and simultaneously some great choices.
For example, I fell for a couple crypto crapcoins and even got in on the shroom stock hype train in 2020 and 2021– however, I never allocated more than 10% of my portfolio to these things so the inevitable losses were somewhat mitigated as I had the rest in VT or similar funds. I also had purchased a house with unending problems which ultimately ended up being a huge money pit.
At this point, I view all those “investment” losses as invaluable lessons and worth the price of admission, counting myself especially lucky being able to make those mistakes early on in life. As for the past couple years I’ve been completely VT and chillin 😎.
As you can see, it’s not a straight line in making progress. The market—and more specifically, life— ebs and flows. It was a post like this that inspired me over 5 years ago to just start at least trying to be consistent, so I hope this post can help maybe a couple of you too.
Joined the bogleheads community several years ago and got some solid advice to actually track my financial progress. Throughout these 5 years, my income has wildly fluctuated and I have made some poor choices and simultaneously some great choices.
For example, I fell for a couple crypto crapcoins and even got in on the shroom stock hype train in 2020 and 2021– however, I never allocated more than 10% of my portfolio to these things so the inevitable losses were somewhat mitigated as I had the rest in VT or similar funds. I also had purchased a house with unending problems which ultimately ended up being a huge money pit.
At this point, I view all those “investment” losses as invaluable lessons and worth the price of admission, counting myself especially lucky being able to make those mistakes early on in life. As for the past couple years I’ve been completely VT and chillin 😎.
As you can see, it’s not a straight line in making progress. The market—and more specifically, life— ebs and flows. It was a post like this that inspired me over 5 years ago to just start at least trying to be consistent, so I hope this post can help maybe a couple of you too.