Reply to Any 50yo+ with retirement savings less than $2million?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My wife works at a financial profit and I work at the SEC with a 470K in combined income.  Our 3M home in Langley is already paid off.  We have about 10M in savings because I purchased Apple stock in 2001.  We’re very lucky.  I am 56 and DW is 38.  I am going to retire soon.[/quote]

Love this story! A close friend’s colleague bought Apple stock in the late 90s because her kid liked the Apple symbol! Instead of buying a new iPhone in 2015ish I invested that amount in stock and it’s up over 500%. Other than that I have a pension coming plus $350k in a 401k and $50k in multiple brokerage accounts. I 50 now, no kids, and want enough to be comfortable at retirement but know too many people who, sadly, passed at or before retirement to deprive myself today. [/quote]This is an interesting lesson for newbies and older folks like my self. 63.  I was cautious in my early 30s as I was constructing my investment portfolio, picked some dividend payers and a few growth stocks but mostly diversified mutual funds.  So I really never hit a home run on my stock investments.  And while my stock mutual funds have kept up with the market, no clear out performance.  But most of us  don't have the time or inclination like Charlie Munger to do the research to pick quality firms. But individual stocks  clearly have the ability to out perform, or in some cases, one stock can  make you financially independent.  Like Apple, NVDA, AVGO, XOM if bought years ago, etc.... Amazing stories of wealth building with stocks. [/quote]

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