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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Assuming that you don’t track airline miles at what income level would you start regularly flying first/ business class for just regular vacation.

Assume 2 adults and 3 kids.

Is your number based on actual experience having reached it or is it a hypothetical question only for you at this point?[/quote]

Our HHI is $575K and NW is $7.5M. We never fly coach. Not ever. If a particular flight doesn’t have business class or first class (usually small regional flights), we won’t even take it. I’d rather fly at a different time of day or to a nearby city. Our family of five flies about 6 times per year. Half domestic, half international. DH flies for business 1-2 times per month in addition to our personal travel. Always business or first.

Dealing with all the clueless and unprepared people that don’t regularly travel, the overcrowded club lounges, the chaotic boarding processes, the fake service animals, the lying and self-proclaimed disabled and military travelers pushing to the front of the line, the 3+ year-old lap children, the mediocre service, the bulkhead diaper changing, the garbage on-board food, etc…. It’s all too much. The only stress reliever is knowing that at least on-board we’ll have a reasonably elevated and comfortable experience. Couldn’t handle it otherwise.

We have a dedicated divided ETF that generates about $6K per month after taxes to help offset cost differences between coach and first. [/quote]

Which ETF?

[/quote]

5 people have asked this and the Indian ghosted us all [/quote]

I can't decide if that post was satire or not. The idea of having a dedicated part of your portfolio, solely to "offset cost differences between coach and first" sure sounded ridiculous![/quote]

Not satire. During the early days of the pandemic we bought 50,000 shares of VYMI @ $45 per share. Wanted to simultaneously take advantage of low stock prices and generate a steady stream of income to counter once per year unpredictable bonuses and to pay for things like fine dining, business class airfare, luxury hotels, etc…. [b]Now at $66 / share, so up almost 50% in 4 years. Plus we’ve generated about $550K in passive income in four years, [/b]averaging about $34K each quarter. Not bad. Otherwise we have another $750K in home equity, $3M in retirement savings (mostly VTI / VUG), and another $500K in 529/HSA/HYSA savings.

We mostly bought a dividend ETF just because the stock market had tanked and it was on sale and we wanted to diversify. [/quote]

So net ~$200k less than if you had put $2.25 million in s&p500 4 years ago. It has gone up 81% since April 21, 2020.[/quote]

PP here. Not exactly. We invested $2.25M in VYMI in April 2020, but unlike so many others, that same $2.25M was worth $2.25M in January 2020 as well. We didn’t lose huge sums of money from January to April like everyone invested in the S&P 500 did. So, we’re still up 50% over a 4.5 year period during which the S&P 500 is up only 52%. Plus we have all our dividends.

Smarter to buy low and sell high than to blindly follow some index. It’s what empowers us to always fly first and business class while all the others are struggling to find comfort and dignity in steerage. [/quote]

I didn't lose anything from Jan-Apr 2020 because I didn't sell anything then.

But yes, buying low and selling high is a good strategy. Impressed that you came up with that out of the blue, I've never heard of it before.

I think having $2.25 million in cash available to invest was the key here, not what you invested it in. [/quote]

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