Quote:
Originally Posted by Johnny199r
Time for an update a year and half later.
Are people on track? Has COVID or the difficult job market set you back? Are you investing? If so, what are you doing?
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I’ll say this much:
I got laid off in March. I have not been looking for a job. Wife and I decided to move, so we bought a house in a different city (paid cash, previously only rented for our adult lives).
I haven’t been contributing to any investments since last November, when word of approaching layoffs began.
But I track my net worth every 15 days, and from EOY 2019 to today, my investment balance is up about 2.9% and total net worth (not counting the house, so just investments plus cash) is only off by about $60k, primarily due to the house purchase.
I have been extremely lucky. I got a decent severance which helped to pay for the house, or at least made the purchase price easier to accept. And I have always saved at least 50% of my net when I was working.
My investments are a simple 3 fund Boglehead type portfolio: 50% total us stock market, 10% total international stock market, and 50% bonds. I do not intend to ever sell, except to tax loss harvest, but I’m always invested according to my asset allocation. Going forward, I hope to live off of dividends and interest payments. I guess I’ll see how that plan ends up going....