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Imminent Market Collapse Indicator (Milestone met)

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  • Imminent Market Collapse Indicator (Milestone met)

    Buried somewhere on this forum I said I'd announce when my family crossed $1 million net worth. At the time I figured it would be an indicator for the market to collapse. So here you have it! We crossed the line sometime over the last month. You should move to cash and gold now!

    I don't post as often as I used to but for the new folks. My wife and I are both 36 yo physicians. We hit zero net worth late 2015. Income has been great 450-600k combined for the last 5 years. The bulk of our net worth is in retirement accounts as we can now save about 120k a year in our plans. House appreciation has been minimal but we aren't in a HCOL area. Home equity is ~160k of our net worth.

    Our next target will be $2.5 million. We figure that is the point at which we could support our current lifestyle pretty easily without working. After that I'm not even sure what the goal will be. As for now we're relocating, taking jobs closer to family. I'm even going to get a raise.

    I just want to give a big thanks to WCI and everyone on this forum!

  • #2
    Cookies are in aisle 13, left hand side.

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    • #3




      Cookies are in aisle 13, left hand side.
      Click to expand...


      Silly Bear, I get my cookies for free from the Dr's Lounge.

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      • #4
        Strong work! It's important to stop and celebrate these milestones. I know how much I'm looking forward to hitting this one and sometimes I get impatient and feel like it's never going to happen. So it's encouraging to see it for other people. Keep up the savings rate and good luck with the new job and location!

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        • #5
          At <1/3 the income.....we'll get there eventually! Congrats.
          I will be moving to gold tomorrow ?

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          • #6
            Congratulations on your milestone!

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            • #7
              That's no easy feat. Onward and upward!

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              • #8
                Rinse and repeat!
                With the Imminent Market Collapse. down it goes again.
                Watch it carefully, sometimes you recover by 11am but drops like a rock in the afternoon. Cheer the S&P but don’t get dizzy. Eventually it will close again above the magic number. Maybe drop. Keep on pushing the contributions. Glad to see you survived.
                Congratulations. Sure hope you don’t hit one of those 40% loss thingys. Please tell me when to jump back in.
                Thanks for the heads up.

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                • #9




                  We crossed the line sometime over the last month. You should move to cash and gold now!
                  Click to expand...


                  Appreciate that - you have made my life so much easier!!!

                  Glad you posted - so cool to get updates from the “originals”! Just realized you and I became members of the forum on the same day. That is surely some kind of contrarian indicator. Please lmk what you think (on the q.t., of course) as this info could be worth a fortune ?.
                  Financial planning, investment management and CPA services for medical and high-income professionals | 270-247-6087

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                  • #10
                    For your sake I hope the collapse happens now rather then when you make the 2.5M.

                    Great work on building your nest egg.  It is nice to hear success stories.

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                    • #11
                      Congratulations. I think more of should share our goals and when we hit those milestones. A good way to build and keep motivation.

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                      • #12
                        Someone should start the official 7 digit net worth thread!

                        It can be another place we argue how to calculate net worth :P

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                        • #13
                          Physicians are welcome to discuss accounting definitions in a circular fashion on other forums as well.
                          https://blog.abacus.com/best-accounting-discussion-forums/

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                          • #14




                            Physicians are welcome to discuss accounting definitions in a circular fashion on other forums as well.


                            Click to expand...


                            Gross.  :lol:

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                            • #15
                              Congrats on your milestone to you and your wife !!!     I agree its important to celebrate others' success!

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