Stupid investing game I’m playing

Google
quibh

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quibh
Nov 1, 2021 18 Comments

Vanguard shows 960k.
This includes 401k, Roth IRA, 529, brokerage.

Hoping to hit 1m before the year end. Soo close.

Have 70k in cash that I just want to plunge before the year end if the number can’t be met.

TC: 600k

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TOP 18 Comments
  • Amazon
    KRdV82

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    KRdV82
    Bro stay calm
    Don't make any haste decisions. 1m now vs. another 6 months what difference does it make, you already seem to be doing well. Just don't spoil it
    Nov 1, 2021 1
  • Amazon
    ppsR31

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    ppsR31
    I struggle with 529 vs IRA. 529s are so limited
    Nov 2, 2021 7
    • Amazon
      ppsR31

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      ppsR31
      yea i dove thoroughly into all of this in 2019 and decided IRA made more sense, but don’t recall all the specifics exactly. also you have to select a state for the 529. a consultant played it up like it’s easy to make anything be an education expense. just enroll in a golf class in ASU when you retire and your condo mortgage etc all qualifies, which is fine i guess, but i don’t see myself wanting to jump through hoops in my 60s to access my own money.
      Nov 2, 2021
    • Financial Service Company
      CDau03

      Financial Service Company

      CDau03
      Interesting details.

      Yeah, I definitely wouldn’t want to jump through hoops. I think it’s best to be conservative with a 529 and only invest what you’re sure you can use for tuition.
      Nov 2, 2021
  • Wait for 10% pullback. You will come out as a loser in this stupid investing game.
    Nov 1, 2021 1
  • Google
    blindly__

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    blindly__
    Tbh you probably don't need to be sitting on 70k in cash, unless you really spend so much that that's your emergency fund.

    But I agree with the other person. Hitting these milestones can be cool, but honestly it's meaningless. Just think, if you'd been a little closer to 1M OR a little farther away right now, you wouldn't even be thinking about this. Don't distract yourself from good long term growth because you invented a game for yourself.
    Nov 2, 2021 1
    • Google
      quibh

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      quibh
      OP
      Yes I’m planning to put the 70k into the market over time. Some expenses like my kids school are coming up so also having a cushion
      Nov 2, 2021