The Hoard: November 2016

The Dragon's Hoard

Every good dragon has a hoard.  You know.  The collection of gold, jewels, and other valuables that the dragon guards in his or her cave.  For me, The Hoard is what I call my assets.  The collection of stocks, bonds, and other income producing assets that Mrs. Dragon and I have collected thus far.

Mythological fire breathers have to protect their hoard from knights seeking glory, wizards wanting power, etc.  Real-world FIRE breathers have more mundane, but very real dangers to their own hoards: the tax man, the cable company, lifestyle inflation, high-fee brokers, and many more.

This is one post in a series that documents my progress towards financial independence.

You might recall that I don’t include our primary residence in the assets (it doesn’t produce income) and I don’t include our primary mortgage against the assets.  If we had a rental house, I would include it in both parts of the equation, but I’ll address the primary residence in a separate category.

I do not differentiate between tax-advantaged accounts and taxable ones in the number for The Hoard.  Assets are assets.

We use the excellent (and free!) service Personal Capital to keep track of how The Hoard is coming along.  It lets you view all your accounts on a single homepage for a convenient snapshot of your financial life.  It is a top-notch service.  Highly recommended.

Mrs. Dragon and I want $600,000 in liquid assets and a paid-off house to consider ourselves financially independent. We’re hoping to accomplish this by February of 2025.

How are we currently doing?

The current market value of the hoard is $206,543 (vs $199,502 last month).  This is about 34.4% of our $600,000 goal.

Primary residence: The mortgage is $93,127 (vs $93,383 last month), which means it’s about 4.97% paid off.

Not much to report here except that the market bounced back a little bit after some pre-election turbulence. I will note that for the couple of updates (this one included) we are not receiving Mrs. Dragon’s paycheck because she is on unpaid maternity leave.

That definitely puts a dent in our income since we make the same salary, but you never get the early years back. Part of the reason that we are saving for FI in the first place is for the ability to make choices independently of their financial implications.

I just bring it up because our progress may be slow for the next several months without her paycheck.  We’ll see.

Do you think we are on track for FI by Feb 2025?

Expenses: October 2016
Expenses: November 2016

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