Jesse (@AlmostVested) header
Jesse (@AlmostVested) profile picture

Engineer | Finance Nerd | Father of 2 | Building a $2.5M nest egg by 40. Let me show you how to grow your money with Index Funds📈

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Joined July 2018
1/ The Recession When the market goes down. My portfolio goes down. The asset allocation I carry is: 60% - U.S. Market 30% - Intl Market ex-US 10% - Bonds. So, I feel it when the market takes a dive.
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My Net Worth dropped $189K in Q2. Here's the breakdown: //THREAD//
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What if they’re paying big money?
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Replying to @MarcSGilbert
Manolo has you covered.
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My portfolio dropped $199,378. What should I do? Wrong Answers Only.
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It’s Friday. You’ve worked hard all week for someone else. Don’t forget to go just as hard on self care.
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If you don’t have an emergency fund… It’s time to make it a priority.
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2/ War Chest Holding Steady My war chest is holding steady at 76%. In times like this... I keep working the plan. My goal is $2MM by 40. I've got 5 years to go. And I'll exceed $2MM shortly.
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1/ 3rd Quarter Results - Index funds contributed $4,617. - Paying down car loan contributed $1,053. - Paying down mortgage contributed $2,224. There wasn't much growth this quarter (0.49%). But that's ok. We're long-term investors.
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My Net Worth increased $7800 after Q3. Here's the breakdown. //THREAD//
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Replying to @1aweis
No penalty. You can withdraw the exact amount of the scholarship and pay any taxes owed.
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If I saved this in a bank account... I would have missed out on ~$143K.
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1/ Save Early. Save Often. As expected, my 401K and Brokerage account changed the most. I started saving in those accounts a long time ago. So, they have large balances. And those large balances print money. This is why you sprint to your first $100K. 👇
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