The original poster is in an incredible position to have that type of wealth in his 30s. That would be an amazing wealth even at 70 that most bogleheads won’t achieve.
whether it's "incredible" or merely "laudable" is mostly semantics.
What you seemed to be missing in your soliloquy is that the OP is their mid 30's with $14M in invested assets, and has after-tax income of $1.2M. That hardly seems around where a lifelong BH adherent might arrive, after decades of professional-level (but not outstanding) earnings, frugality, patience, and a 3-fund-style portfolio.
He should enjoy his wealth and buy a nice home. For me personally that home would be too huge, but people can make their own choices and maybe that’s his dream home.
I assume that tech is what did it. Also lucky investing with 3 million in his ira. I’d guess 90% odds that is a tech stock or stocks too. He just needs to stay rich in case there’s a downturn so I’d think hard about paying cash for the house (even if need to pay some taxes) or derisking his portfolio. So much for those of us on bogleheads messing around with a small cap value tilt.
He’s in the ranks for the super wealthy compared to most professionals (doctors, lawyers, etc.) even though not in the private jet 100+ plus world of the tech elite. He just shouldn’t screw it up and only needs to get rich once.
Statistics: Posted by er999 — Sun Jun 30, 2024 2:11 pm