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About Me:

Monkey Mama

Just a 47-year-old mom of 2 in Northern California. My kids are Monkey Monkey(MM) and Drama Llama (DL). I am married to Monkey Hubby (MH).

We were a one-income family for 13 years. In late 2015 my spouse returned to work (minimum wage/part-time/seasonal). Something recent on his resume just buys us more options for the long run. The main benefit of this job is that he just works while the kids are in school. As always, we are saving 100% of his income.

We saved a lot while we were very young and also moved to a lower cost-of-living area, to make life much simpler. We still live in California though (in one of the most expensive regions of the U.S.). *Simple* and *inexpensive* is relative.

Likewise, we have never had debt aside from our mortgage.** My blog is a testament to how much simpler life is without debt; how we have that much more money to both save and enjoy!

**Caveat: I have no problem whatsoever with credit cards paid off monthly, or low-risk credit arbitrage (for example, 0%-interest debt while earning 5% on FDIC-insured cash). These are the kinds of debt we have had. Just not interested in high-interest debt, using debt to buy beyond means, and not interested in the hassle that comes with loans and payments. With age and means, the latter (hassle) is our biggest debt avoidance motivation.

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2024 Goals

[ ]Small monthly Charitable Contribution
...($230 @ 8/31/24)
...Trying to be more mindful about how the little amounts add up and are helpful.
...This is not an all inclusive list of charitable giving but it is a new habit I want to add in addition to other donations of time, goods and money

[ ]Pay cash for college
...This is so much a given, to me. But I realize not everyone can read my mind, and so will memorialize in my goal list.
...#1 We don't do Debt
...#2 The student loan system is a scammy and corrupt mess.
...Seriously, wouldn't touch these student loan servicers with a ten foot pole.
MM YEAR 1 ✔
MM YEAR 2 ✔
MM YEAR 3 ✔
MM YEAR 4
MM YEAR 5

DL YEAR 1 ✔
DL YEAR 2 ✔
DL YEAR 3

[ ]$10,000 to savings
...($7,749 @ 10/31/24)
...$1,000/month, plus interest
...Topping off with snowballs

[ ]$7,500 to investments
...($4,786 @ 10/31/24)
...~~$350~~ $400/month, plus snowflakes
(Snowflakes: credit card rewards and dividends)
...Topping off with snowballs
...Note: Bumped up to $400 9/1, re: reduced food expenses

[ ]$2,025 to mortgage
...($0 @ 10/31/24)
...Topping off with snowballs and/or excess cash
...Keeps us on track with $10K principal paydown per year

[/]9% of household income to work retirement plans
...(9% @ 10/31/24)
...This is the minimum for the match; I'd otherwise rather fund IRAs.
...Note: Total retirement savings rate is 20% (with IRAs)

Goal savings rate = 25% of gross salary, plus funding IRAs from other sources.

[ ]$14,000 to IRAs 2024 (MAX)
...($0 @ 10/31/24)
...Will fund with MH's income
...Will not fund until the year is over. This is for tax and planning reasons. I won't know what mix of Traditional/ROTH IRA we literally can contribute until we do our 2024 taxes. In addition to that, can make a more informed decision based on our financial and tax situation for the entire year.

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**Long-Term Goals**

[X]$500,000 in retirement accounts by age 45.

Current big picture goal:

[ ]$1 Mil in retirement accounts by age 52.

Stretch Goal: Achieve by age 50

Have decided to pretty much stay the course. Keep saving 20%+ to retirement. This means taking 401K match & maxing out IRAs.

NOTE: WE HAVE NEVER CONTRIBUTED LESS THAN 10% TO RETIREMENT. NO EXCEPTIONS.

If we can't achieve at least 10%, then something else has to give. I share because it's infinitely easier to save for retirement if you start early. Let the investments do the hard work for you.

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Debt: $85,000 mortgage
{Home Purchase Price $290,000}

Ongoing goal is to *never borrow money again.*

Took on a $230k mortgage in 2001 and have not added to that.

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Net Worth: Increase net worth by $600,000 in the next 10 years. This is my "financial independence" goal.

2017: +$ 70,000 (partial year)
2018: +$ 51,000
2019: +$105,000
2020: +$104,000
2021: +$215,000
2022: <$ 65,000>
2023: +$ 90,000
TOTAL: +$570,000

This is in line with prior goal, saving 100% of our expenses every year.

{Our expenses are far more consistent than our income. Also, helps to prevent "living up to income."}

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My Pages

Investing Surprises

September 1st, 2009 at 02:35 am

Just looking at my year-to-date returns. I keep track in yahoo. I enter my fund shares at the end of every year. The performance I track is everything I had invested as of 12/31 of prior year. I can track more current progress in Quicken.

My first thought is I wonder when some people who "Cashed out" at the low are going to bother to get back in. Some relatives come to mind. Not counting new money, my portfolio is up about 25% for the year. There's certainly been a lot of upside!

Secondly, one my my funds really stood out as I was perusing them today. I have a T Rowe Target Retirement fund that is up 25%. It's having a good run this year. The funny thing is the only reason I bought it was because I could invest T Rowe with a mere $50/month (& no other initial investment). Today I have almost $4k in there. I chose the Target retirement fund because it had a slew of high performing managed funds for a low expense ratio. IT hasn't always beat the market by a mile, but this year it is kicking the other Target funds' butts! Ironically, it has a more conservative mix than most the others for the same target date.

Other things of note? I have considered selling my Dodge & Cox fund because all I hear is how these funds were awesome in their hey dey, but that they are so bloated with assets that the fund is no longer very manageable.

Today, I am glad I didn't listen. Highest performing fund of ours, up 36% for the year. I am a long-term investor and wasn't ready to just sell. Though I was looking at it critically in recent months.

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Any surprises in YOUR portfolio?

Posted in Investing | 4 Comments »

4 Responses to “Investing Surprises”

Broken Arrow Says:
September 1st, 2009 at 04:33 pm 1251819228
1251819228

Wow, amazing those funds shot up so high! I wonder why they shot up that high? That's fairly abnormal....

Um, yeah, I was one of those people that believes the Dodge & Cox is too pricey and bloated. GUILTY! Actually, I still believe that.

Just the same, I am glad things are working out for you.

Anyway, I'm off for lunch, but aftwards, I'll take a look at my portfolio. You've got me curious.
Broken Arrow Says:
September 1st, 2009 at 05:42 pm 1251823337
1251823337

Ok, I've looked through my portfolio, and my 401(k) is up by 20% YTD (aggressive), and my rollover IRA is up by 15% (more conservative). This is actually pretty good compared to the S&P 500, where the YTD is "only" around 10%

So, yeah, I don't know what's going on with yours, but congrats anyway!
monkeymama Says:
September 1st, 2009 at 06:02 pm 1251824569
1251824569

I think my managed funds are just having a good run. I keep 20-25% international, which are all doing well this year. (& all tanked the worst last year, of course. Though I limited my exposure by re-allocating, often. If I didn't reallocate my assets, I would be HEAVY in international, and would have lost a lot more).

My dh is just in Vanguard indexes. International is up 25% and domestic index is up 15%. Nothing terribly exciting to report there, but better than S&P, yes.

BA - do your returns include your 2009 contributions? Are we talking apples to apples? I am sure my returns would be muted if I figured that I have been buying at higher prices in 2009.
Broken Arrow Says:
September 1st, 2009 at 07:42 pm 1251830535
1251830535

Ah, I was looking at Yield To Date? So, just whatever the performance is since Jan 1st. So, no, my contributions are not factored into that calculation.

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Monkey Mama*s Monkey Money Blog

Over Prepare, Then Go With The Flow

Investing Surprises

4 Responses to “Investing Surprises”

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