Is anyone NOT a 401k millionaire?

[Anonymous]

Most ‘millionaires’ are not even real millionaires. Data shows that only 10-15% of millionaires have investments worth $1 millions+ after excluding their retirement account(s) and primary residences.

Truly wealthy people are incredibly rare.

[Anonymous]

Why wouldn’t you count retirement assets?

[Anonymous]

Anonymous wrote:Most ‘millionaires’ are not even real millionaires. Data shows that only 10-15% of millionaires have investments worth $1 millions+ after excluding their retirement account(s) and primary residences.

Truly wealthy people are incredibly rare.

So you’re a real millionaire once you sell your house or cash out your retirement?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Most ‘millionaires’ are not even real millionaires. Data shows that only 10-15% of millionaires have investments worth $1 millions+ after excluding their retirement account(s) and primary residences.

Truly wealthy people are incredibly rare.

So you’re a real millionaire once you sell your house or cash out your retirement?

If you sell your house where are you going to live? and your retirement is what you live off of.

I can’t believe you just asked me this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Most ‘millionaires’ are not even real millionaires. Data shows that only 10-15% of millionaires have investments worth $1 millions+ after excluding their retirement account(s) and primary residences.

Truly wealthy people are incredibly rare.

So you’re a real millionaire once you sell your house or cash out your retirement?

If you sell your house where are you going to live? and your retirement is what you live off of.

I can’t believe you just asked me this.

You said people with over a million in retirement funds and home equity aren’t real millionaires. Thats crazy talk.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Most ‘millionaires’ are not even real millionaires. Data shows that only 10-15% of millionaires have investments worth $1 millions+ after excluding their retirement account(s) and primary residences.

Truly wealthy people are incredibly rare.

So you’re a real millionaire once you sell your house or cash out your retirement?

If you sell your house where are you going to live? and your retirement is what you live off of.

I can’t believe you just asked me this.

I know people who sell or rent their larger houses after becoming empty nesters and downsize. You cant say that primary residency equity is worthless. Mine will be extra $2m if I want to

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here. I can’t imagine what it must feel like to be 40, 50, or even 60 years old and to have less than 7 figures saved up for retirement. DH and I are sporting close to $2.5M at 29 years old and we estimate we’ll have about $15M by the time we’re both 40 and be ready for FIRE. Figured this was just normal based on cars people drive, vacations people take, and houses people have compared to us. Guess most boomers are just posers keeping up with the Jones’s.

I could believe someone has a million saved in their late twenties, but not in a 401k. Absolute BS. Liar. Not possible.

Not OP, but I had $55K in a 401k at the end of 2019. Moved it to a Rollover IRA with Fidelity when I changed jobs. I kept contributing to my new 401k (crummy options) but invested my $55K in TSLA. Figured, why not? It is now worth $860K. My current 401k has about five years of contributions in it and a balance of $150K. I am starting a new job next month and will consolidate everything into my new 401k with Fidelity. So then I’ll have $1.1M saved for retirement in a 401k. I’m only 30. Doesn’t seem that far fetched from my vantage point.

1.1 million in investments and 860k of it is in TSLA. I hope this is a joke.

Actually, we had $860K in TSLA on December 12. Now, we have $958K…on December 16!!!! Only two full working days later.

Doubt any of the DCUM losers on this thread are knocking out $50K per day in stock market gains. PP, are you $100K wealthier since last Thursday, just on passive income alone?!?!?

Keep it up, though, folks. It’s sheep like you that empower my glorious returns!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here. I can’t imagine what it must feel like to be 40, 50, or even 60 years old and to have less than 7 figures saved up for retirement. DH and I are sporting close to $2.5M at 29 years old and we estimate we’ll have about $15M by the time we’re both 40 and be ready for FIRE. Figured this was just normal based on cars people drive, vacations people take, and houses people have compared to us. Guess most boomers are just posers keeping up with the Jones’s.

I could believe someone has a million saved in their late twenties, but not in a 401k. Absolute BS. Liar. Not possible.

Not OP, but I had $55K in a 401k at the end of 2019. Moved it to a Rollover IRA with Fidelity when I changed jobs. I kept contributing to my new 401k (crummy options) but invested my $55K in TSLA. Figured, why not? It is now worth $860K. My current 401k has about five years of contributions in it and a balance of $150K. I am starting a new job next month and will consolidate everything into my new 401k with Fidelity. So then I’ll have $1.1M saved for retirement in a 401k. I’m only 30. Doesn’t seem that far fetched from my vantage point.

1.1 million in investments and 860k of it is in TSLA. I hope this is a joke.

Actually, we had $860K in TSLA on December 12. Now, we have $958K…on December 16!!!! Only two full working days later.

Doubt any of the DCUM losers on this thread are knocking out $50K per day in stock market gains. PP, are you $100K wealthier since last Thursday, just on passive income alone?!?!?

Keep it up, though, folks. It’s sheep like you that empower my glorious returns!

Write us back in a year from now

[Anonymous]

Anonymous wrote:OP here. I can’t imagine what it must feel like to be 40, 50, or even 60 years old and to have less than 7 figures saved up for retirement. DH and I are sporting close to $2.5M at 29 years old and we estimate we’ll have about $15M by the time we’re both 40 and be ready for FIRE. Figured this was just normal based on cars people drive, vacations people take, and houses people have compared to us. Guess most boomers are just posers keeping up with the Jones’s.

Lol! How old are you really? 14? 15? And you are most certainly male, or a seriously disturbed woman using teen boy language...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here. I can’t imagine what it must feel like to be 40, 50, or even 60 years old and to have less than 7 figures saved up for retirement. DH and I are sporting close to $2.5M at 29 years old and we estimate we’ll have about $15M by the time we’re both 40 and be ready for FIRE. Figured this was just normal based on cars people drive, vacations people take, and houses people have compared to us. Guess most boomers are just posers keeping up with the Jones’s.

I could believe someone has a million saved in their late twenties, but not in a 401k. Absolute BS. Liar. Not possible.

Not OP, but I had $55K in a 401k at the end of 2019. Moved it to a Rollover IRA with Fidelity when I changed jobs. I kept contributing to my new 401k (crummy options) but invested my $55K in TSLA. Figured, why not? It is now worth $860K. My current 401k has about five years of contributions in it and a balance of $150K. I am starting a new job next month and will consolidate everything into my new 401k with Fidelity. So then I’ll have $1.1M saved for retirement in a 401k. I’m only 30. Doesn’t seem that far fetched from my vantage point.

1.1 million in investments and 860k of it is in TSLA. I hope this is a joke.

Actually, we had $860K in TSLA on December 12. Now, we have $958K…on December 16!!!! Only two full working days later.

Doubt any of the DCUM losers on this thread are knocking out $50K per day in stock market gains. PP, are you $100K wealthier since last Thursday, just on passive income alone?!?!?

Keep it up, though, folks. It’s sheep like you that empower my glorious returns!

I agree with this investing philosophy. I have 3 stocks and BTC and I crush the S&P 500 index. Diversification is for people that don’t know what they’re doing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here. I can’t imagine what it must feel like to be 40, 50, or even 60 years old and to have less than 7 figures saved up for retirement. DH and I are sporting close to $2.5M at 29 years old and we estimate we’ll have about $15M by the time we’re both 40 and be ready for FIRE. Figured this was just normal based on cars people drive, vacations people take, and houses people have compared to us. Guess most boomers are just posers keeping up with the Jones’s.

I could believe someone has a million saved in their late twenties, but not in a 401k. Absolute BS. Liar. Not possible.

Not OP, but I had $55K in a 401k at the end of 2019. Moved it to a Rollover IRA with Fidelity when I changed jobs. I kept contributing to my new 401k (crummy options) but invested my $55K in TSLA. Figured, why not? It is now worth $860K. My current 401k has about five years of contributions in it and a balance of $150K. I am starting a new job next month and will consolidate everything into my new 401k with Fidelity. So then I’ll have $1.1M saved for retirement in a 401k. I’m only 30. Doesn’t seem that far fetched from my vantage point.

1.1 million in investments and 860k of it is in TSLA. I hope this is a joke.

Actually, we had $860K in TSLA on December 12. Now, we have $958K…on December 16!!!! Only two full working days later.

Doubt any of the DCUM losers on this thread are knocking out $50K per day in stock market gains. PP, are you $100K wealthier since last Thursday, just on passive income alone?!?!?

Keep it up, though, folks. It’s sheep like you that empower my glorious returns!

Stop it. Ocourse we have Tesla, mstr, and bitcoin and have since 2023. Most of it in Roths.
I would never do etfs as I can make my own. I also wouldn't kill my money in a house or 401k. And yes, the ups and downs can be hundreds of thousands a day. Not a big deal.
Get in early and get in hard.
Getting out in 2025 with some and then back in 2026/27.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here. I can’t imagine what it must feel like to be 40, 50, or even 60 years old and to have less than 7 figures saved up for retirement. DH and I are sporting close to $2.5M at 29 years old and we estimate we’ll have about $15M by the time we’re both 40 and be ready for FIRE. Figured this was just normal based on cars people drive, vacations people take, and houses people have compared to us. Guess most boomers are just posers keeping up with the Jones’s.

I could believe someone has a million saved in their late twenties, but not in a 401k. Absolute BS. Liar. Not possible.

Not OP, but I had $55K in a 401k at the end of 2019. Moved it to a Rollover IRA with Fidelity when I changed jobs. I kept contributing to my new 401k (crummy options) but invested my $55K in TSLA. Figured, why not? It is now worth $860K. My current 401k has about five years of contributions in it and a balance of $150K. I am starting a new job next month and will consolidate everything into my new 401k with Fidelity. So then I’ll have $1.1M saved for retirement in a 401k. I’m only 30. Doesn’t seem that far fetched from my vantage point.

1.1 million in investments and 860k of it is in TSLA. I hope this is a joke.

Actually, we had $860K in TSLA on December 12. Now, we have $958K…on December 16!!!! Only two full working days later.

Doubt any of the DCUM losers on this thread are knocking out $50K per day in stock market gains. PP, are you $100K wealthier since last Thursday, just on passive income alone?!?!?

Keep it up, though, folks. It’s sheep like you that empower my glorious returns!

I agree with this investing philosophy. I have 3 stocks and BTC and I crush the S&P 500 index. Diversification is for people that don’t know what they’re doing.

This is so true. I remember when I started in March 2020. All I knew is that I had to diversify. So imagine the crap I bought. Luckily all went up as Feds started money printing. ended up selling them all and chasing Tesla all the way up. I took the Tesla going down like a champ- didn't sell- and even bought back Bitcoin. So far so good. Now I only hold Tesla and Bitcoin. I don't even have times for Palantir unfortunately.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here. I can’t imagine what it must feel like to be 40, 50, or even 60 years old and to have less than 7 figures saved up for retirement. DH and I are sporting close to $2.5M at 29 years old and we estimate we’ll have about $15M by the time we’re both 40 and be ready for FIRE. Figured this was just normal based on cars people drive, vacations people take, and houses people have compared to us. Guess most boomers are just posers keeping up with the Jones’s.

You talk so much crap.

Werent you saying "sell now" on the other thread a few days ago.

People dont care about your riches lol. We have our own.

Yup!!!!! And the market is down today big time!! Except for me and DH. It’s gonna be a glorious 10 months. Our portfolio will hold strong while all the greedy boomers watch their portfolios tank!

Best to stop looking at your rear view mirror old timer and start watching the road in front of you. I’m not even 30 yo and I’ve already passed you on the highway of life’s accomplishments. Old people should be flushed down a toilet.

The only thing you've passed people here on is the highway of rudeness and arrogance. Good luck with the rest of your life that you need to troll people on an anonymous forum. Did you get that dopamine hit you need to roll your 300lbs ass off your parents basement sofa?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here. I can’t imagine what it must feel like to be 40, 50, or even 60 years old and to have less than 7 figures saved up for retirement. DH and I are sporting close to $2.5M at 29 years old and we estimate we’ll have about $15M by the time we’re both 40 and be ready for FIRE. Figured this was just normal based on cars people drive, vacations people take, and houses people have compared to us. Guess most boomers are just posers keeping up with the Jones’s.

I could believe someone has a million saved in their late twenties, but not in a 401k. Absolute BS. Liar. Not possible.

Not OP, but I had $55K in a 401k at the end of 2019. Moved it to a Rollover IRA with Fidelity when I changed jobs. I kept contributing to my new 401k (crummy options) but invested my $55K in TSLA. Figured, why not? It is now worth $860K. My current 401k has about five years of contributions in it and a balance of $150K. I am starting a new job next month and will consolidate everything into my new 401k with Fidelity. So then I’ll have $1.1M saved for retirement in a 401k. I’m only 30. Doesn’t seem that far fetched from my vantage point.

1.1 million in investments and 860k of it is in TSLA. I hope this is a joke.

Actually, we had $860K in TSLA on December 12. Now, we have $958K…on December 16!!!! Only two full working days later.

Doubt any of the DCUM losers on this thread are knocking out $50K per day in stock market gains. PP, are you $100K wealthier since last Thursday, just on passive income alone?!?!?

Keep it up, though, folks. It’s sheep like you that empower my glorious returns!

I agree with this investing philosophy. I have 3 stocks and BTC and I crush the S&P 500 index. Diversification is for people that don’t know what they’re doing.

Actually, it's for people who don't like gambling. What you do is gamble and eventually the house will win.

[Anonymous]

AssClownBoomer wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here. I can’t imagine what it must feel like to be 40, 50, or even 60 years old and to have less than 7 figures saved up for retirement. DH and I are sporting close to $2.5M at 29 years old and we estimate we’ll have about $15M by the time we’re both 40 and be ready for FIRE. Figured this was just normal based on cars people drive, vacations people take, and houses people have compared to us. Guess most boomers are just posers keeping up with the Jones’s.

You talk so much crap.

Werent you saying "sell now" on the other thread a few days ago.

People dont care about your riches lol. We have our own.

Yup!!!!! And the market is down today big time!! Except for me and DH. It’s gonna be a glorious 10 months. Our portfolio will hold strong while all the greedy boomers watch their portfolios tank!

Best to stop looking at your rear view mirror old timer and start watching the road in front of you. I’m not even 30 yo and I’ve already passed you on the highway of life’s accomplishments. Old people should be flushed down a toilet.

The only thing you've passed people here on is the highway of rudeness and arrogance. Good luck with the rest of your life that you need to troll people on an anonymous forum. Did you get that dopamine hit you need to roll your 300lbs ass off your parents basement sofa?

And the market is tanking again!! This time both the Dow and the S&P 500 are down almost 3% in a single day. Yet are our portfolio continues to accelerate. We’re destroying the S&P 500 cuz now we’re all in on cash, money market ETFs, and the undervalued equities that useless old timers were too scared to buy. The FOMO Boomers are soiling their Depends while DH and I are laughing all the way to the bank.

We’ll be thinking about y’all eating canned cat food for Christmas dinner during one of our morning half marathons. Huh, stupidboomersezwut?!?!