Reply to Do many households here have $15 M net worth or more?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hey op, you surprised  to see the predictable bs replies ?[/quote]The only BS replies are ones like yours. Others are actually replying to the OP's question. [b]20M here, OP. No inheritance or high income[/b]. A lifetime of investment, that's all.[/quote]

These are what shock me the most.

I can buy that certain careers lead to $20M by say, 50 ($5-10M HHI a year = hedge fund, private equity).

I get that certain careers lead to $8-10M by 50 ($2-3M HHI = very successful in BigLaw, consulting, executives at large companies, maybe FAANG SWE).

But what surprises me is when people are not high income, didn't have an inheritance and get to $20M. Even someone making $2-3M (like the big law lawyer) is still going to struggle to get to that $20M figure. What exactly are you investing in?![/quote]

54 yo retired military aviator here. My wife still works making a salary of about $190K because she loves her job. We are approaching $17M mainly from living well below our means and investing in individual stocks and properties. We bought properties almost everywhere I was stationed (San Diego; Monterey, CA; Pensacola, FL; Arlington) and kept them to rent out. Also bought a small condo in the Lake Tahoe region (Nevada side) to use as a base for fun activities (just got back from skiing at Heavenly). Individual stock picks have had incredibly huge gains with early investments in Cymer which was bought out in cash/stock deal by ASML. ASML stock has seen huge gains as the company is the key to manufacturing advanced chips. A few biotech stocks that went ballistic and some were bought out. One medtech company that has been on a rocket. Etc. Have had a few bad investments but fortunately they were small losses relatively. Requires a lot of research.[/quote]

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