mispoken

I get what you’re saying. But, for a “level playing field” %’s are best to work with. In this little wager between Trip and I, if I was working with a $100k account and he’s working with a $10mil account, the $ figures will be wildly skewed. So, like the rest of the financial industry, i find it best to deal in %. Like you said, it all boils down to %, but you can certainly have a $ amount for retirement in mind (I do).

I do trade options, quite a bit. But 95% of my PF is long term buy and hold.

notEnuf

That's because that is exactly what matters. Percentage growth while growing your retirement nest egg, and dollars when you are drawing on it.

mispoken

Trip7 I checked out sharesight, looks like a great tracker. I researched DWR vs what I use (IRR) and their methodology should work just fine. There will be a slight difference in performance readouts side IRR takes into account the TIMING of the cash inflows and outflows, but it should be minuscule.

I will start tracking my trades in June. For me, it will be my 401k and Roth contributions. I do not intend to use this sight to track my derivative trades (options, futures etc).

Best of luck, may we both be more wealthy at the end of this :-)

Trip7

Sounds like a plan. I use Sharesight to track my non 401k Brokerage accounts that hold about 150k in usually 10-15 equities. Right now I'm heavily allocated to beaten down Biotech stocks with DFA approved drugs, beaten down Oil stocks with strong fundamentals, and Japanese Net Nets. Plus Azul in Brazil. This should be a fun exercise looking forward to future updates

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reandld

What do you think the average net worth is for a Delta pilot in his late 50s-early 60s?

Planetrain

I think 1 standard variation could be very wide. Divorce? Spender? How many kids? Hire date? Do you provide for your grown adult kids?….

The MMPI is supposed to weed out some variability, but there are guys making $400k+ that are broke and have massive debt, there are also pilots making $200k that are multi millionaires.

gloopy

This isn't directed at you, but if you pull up a 100 or so year DJIA inflation adjusted chart, anyone left holding someone else's broad market bags in the late 20's plunge didn't return to those (inflation adjusted) levels until the 1960's, and that was only if they timed their sales pretty well. It fell again after that, and didn't return "sustainably" until the 1990's.

So the old trope of "including the great depression, the market goes up X% a year..." is technically true...as long as you potentially have 30-60 years to recover lost value to ride it out.

Yet the notion that "debt is good" because you can mortgage your entire existance to make more in the market persists.

Divorce and toy addictions (and vastly overspending on colleges LOL!) aren't the only reasons that our profession's financial security seems to be way more than it should be for our levels of earnings.

I don't claim to know, nor do I attempt to pimp, any particular investment stratedgy or formulaic "method". But if "the market" goes to any low amount, including zero (obviously not saying that will happen) I will have a place to live and can buy groceries. Letting it all ride at the casino with not only today's money but tomorrow's as well is just asinine to me.

Trip7

My guess is $2-$5 mil

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JamesBond

do a poll... make it anonymous though

OOfff

depends on if they’re trying to impress a younger FO or call them greedy. Changes wildly day to day