If you’re new to ExitYoung.com, Welcome! We started this blog August 2016 after The Revelation, deciding on The Mission, and starting this site. We post regularly about the journey, personal finance, and miscellaneous musings in the Posts section.
We had been posting our financial goal progress monthly, but as that doesn’t change in interesting ways each month we’ve scaled back to quarterly and for the big events.
We didn’t hit any new milestone, but we are up again since the last update, mostly attributable to stock market gains. In addition I’ve kicked off 3 alternative investments. This quarter I dabbled in Volatility, Stock Options, and Digital Currency all for the first time. To be clear, none of these are a material portion of our portfolio, nor would I suggest they should be. But as the market rises, I find myself more and more concerned about adding stocks at these levels. More on the new investments below.
Retirement Portfolio as of 7/22/17 – $1,851,145.09 – up $110,284.85 since our last update on 3/4/2017
Still trending ahead of goal by about 100k.
Charted – Actual retirement savings against our prorated goal is starting to take shape. Certainly I am happy to see the orange line above the blue one!
Net Worth – $2,133,905.15
Finally hit $2.1MM and blew past that.
I put investments in quotes not because they aren’t, but certainly they are outside of my typical ETFs and Mutual Funds. Because of my job I’m limited in what I can invest in. Even where I’m allowed to invest, often preclearance is required. That said, these didn’t because they are ETFs and in the case of Ethereum, not considered an investment.
- Volatility – by way of VXX – This is an ETF that attempts to track the VIX index. The VIX which is commonly called Wall Street’s fear index is a measure of volatility in the stock market. For more information, Bloomberg put out a great podcast explaining the VIX. https://www.bloomberg.com/news/articles/2017-06-05/odd-lots-why-everyone-s-talking-about-the-vix-and-50-cent
- Options – specifically options on XLF – We have tight restrictions on stock options… but because of the diversification we’re allowed buy ETF options as long as we hold for 30 days. As you may know, options have a strike date so I have to be sure that date is at least 30 days out. XLF is an ETF that tracks the S&P Financials.
- Crypto Currency – specifically Ethereum – Most people at this point have heard of Bitcoin. It is a digital currency about 10 years old. Ethereum is it’s younger brother. Ethereum is the 2nd largest digital currency by market cap. I’ve been dabbling in 2 ways. I bought some coins and I build a mining machine.
More on these adventures and the outcomes in my next post.
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