How long did it take you to reach 100k in equities/cash. How long after to double it?

I haven't always tracked that number, and it's fluctuated a bit, but roughly 6 years past grad school. I had a nice chunk of savings when I graduated, though.

And to be honest, I haven't doubled it, yet (if I don't include my Roth IRA, which I don't necessarily consider to be a retirement account since the principle is accessible).

The hit my investment accounts have taken since Covid has slowed the process down, and in general, I've focused on other investments and expenditures.

This is Texags…. so I am assuming everyone here contributes $100k a month towards retirement/cash/equities. Just basing that off of all the posts " I am sitting on 5 million in cash, what should I do with it" that seem to happen weekly.

At graduation had 700 bucks to my name. Crossed 100k about 4 years later. 200k a year after that. 300k the year after that. The last 100k was due to the covid housing increase. saving has significant slowed post marriage and home purchase lol. (Outside of 401k and home equity)

Edit. Just realized this wasn't total net worth. Have not doubled 100k in cash/equities

Another sweet Hedge thread.

Instead of spending all day on texags in a D measuring contest you're never going to win, how about you go spend some time researching investments or opportunities to enhance your career trajectory?

Outdoorag011 said:

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This is Texags…. so I am assuming everyone here contributes $100k a month towards retirement/cash/equities. Just basing that off of all the posts " I am sitting on 5 million in cash, what should I do with it" that seem to happen weekly.

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100k a month - haha what a lolpoor.

You have me confused with somebody else

Just you wait - he's gonna show up eventually and post.

Are you counting 401k, etc? Or, just taxable accts?

All accts

I only look at my NW, so assets minus all debts. (Which after 2019 became 0 when I finished paying off my student debt.)

100k - 7 years
200k - 15 months
300k - 10 months

I first hit 300 in December 2021, which obviously didn't last long, and now I've been fluctuating between 250 and 305 for the past year, basically treading water.

That jump from 100k-300k was insane for me and only happened because of the ridiculous bull run of 20-21 that we're unlikely to ever see again.

I've already been treading water for nearly 12 months, so 400 will probably end up taking at least two and a half years. Hell I'm still trying to make it back to 300.

What if Hedge ends up being Barnes?

Lol at the poors that didn't make their $100k while still in the womb.

financeag96 said:

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All accts

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I thought you were excluding non-retirement accounts, and I gave cash that's accessible at any time. I have no idea how long it took to get to $100k if I include retirement accounts because I wasn't tracking at that time. Definitely less than 6 years though.

Took me 9 years after grad school to get to $250k, 12 years after grad school to get to $500k, and another 4 years after hitting $500k to get to $1 million. That happened in 2020, so I've kind of stagnated since then for obvious reasons.

I know that at some point after about 3 years after graduation, I had "lost" over 100K in the stock market and was just sick over it.
Granted most of that was made in various dotcom bubble stocks. But still. Easy come easy go.

Everyone's number is going to be highly variable based off when they graduated. If you graduated in 2008, it probably took a lot longer to get that first 100k than someone who graduated in 2018. Granted there are probably people who graduated in 2018, got their first 100k in 2020, and then lost their first 100k in 2022.

Red Pear BCS Luke said:

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Just you wait - he's gonna show up eventually and post.

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Financeag96 is hedge.

You're not kidding. I took my first job after grad school in 2004. I had very little in my retirement accounts when I left that job in 2010. Pretty sure I had more in personal/cash savings at that point.

Brian Earl Spilner said:

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I only look at my NW, so assets minus all debts. (Which after 2019 became 0 when I finished paying off my student debt.)

100k - 7 years
200k - 15 months
300k - 10 months

I first hit 300 in December 2021, which obviously didn't last long, and now I've been fluctuating between 250 and 305 for the past year, basically treading water.

That jump from 100k-300k was insane for me and only happened because of the ridiculous bull run of 20-21 that we're unlikely to ever see again.

I've already been treading water for nearly 12 months, so 400 will probably end up taking at least two and a half years. Hell I'm still trying to make it back to 300.

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If you have been DCAing into the market, it will happen a lot faster than you think. When we break out, your numbers will jump off the paper. It's going to be FUN!

AustinAg2K said:

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Everyone's number is going to be highly variable based off when they graduated. If you graduated in 2008, it probably took a lot longer to get that first 100k than someone who graduated in 2018. Granted there are probably people who graduated in 2018, got their first 100k in 2020, and then lost their first 100k in 2022.

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My favorites are the newer grads who think they are better than everyone else, since they hit a hot housing market and a hot stock market all at the same time. The confidence exudes in every #humblebrag post.

Back when my wife and I first got married, I would value our investments every weekend. Had to be done on a paper columnar pad, as PC's did not exist. Used the stock tables published in the newspaper, lol. I don't remember what year it was, but I stopped when we were around $95,000, and it probably coincided with the birth of our first child. I look at things now about once a quarter or so, sometimes skipping a quarter here and there. But don't use pencil and paper any more!

financeag96 said:

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You have me confused with somebody else

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No we don't. Go ahead and change names again.

To answer your question, I have no idea because I'm pushing 50 yrs old and don't remember. I don't think I started tracking detailed data until ~5 years after I graduated using MS Money.

However, considering my salary right out of college at around $25K and the we had the dot com recession it probably took me longer than most.

JohnLA762 said:

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Brian Earl Spilner said:

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I only look at my NW, so assets minus all debts. (Which after 2019 became 0 when I finished paying off my student debt.)

100k - 7 years
200k - 15 months
300k - 10 months

I first hit 300 in December 2021, which obviously didn't last long, and now I've been fluctuating between 250 and 305 for the past year, basically treading water.

That jump from 100k-300k was insane for me and only happened because of the ridiculous bull run of 20-21 that we're unlikely to ever see again.

I've already been treading water for nearly 12 months, so 400 will probably end up taking at least two and a half years. Hell I'm still trying to make it back to 300.

---

If you have been DCAing into the market, it will happen a lot faster than you think. When we break out, your numbers will jump off the paper. It's going to be FUN!

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That's the main thing I'm hopeful about. Been maxing all retirement accounts throughout the year, plus some extra mega backdoor.

Brian Earl Spilner said:

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JohnLA762 said:

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Brian Earl Spilner said:

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I only look at my NW, so assets minus all debts. (Which after 2019 became 0 when I finished paying off my student debt.)

100k - 7 years
200k - 15 months
300k - 10 months

I first hit 300 in December 2021, which obviously didn't last long, and now I've been fluctuating between 250 and 305 for the past year, basically treading water.

That jump from 100k-300k was insane for me and only happened because of the ridiculous bull run of 20-21 that we're unlikely to ever see again.

I've already been treading water for nearly 12 months, so 400 will probably end up taking at least two and a half years. Hell I'm still trying to make it back to 300.

---

If you have been DCAing into the market, it will happen a lot faster than you think. When we break out, your numbers will jump off the paper. It's going to be FUN!

---

That's the main thing I'm hopeful about. Been maxing all retirement accounts throughout the year, plus some extra mega backdoor.

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Don't forget the following:
In the last 70 years…
Average bear market = 14 months
Average loss = 35%
Six month return = 28%
1 year return = 43%
2 year return = 63%

Keep up the good work, it will pay off big!

7-8 years after graduation I guess. Not long to double it thanks to good returns from investment and continues saving. If it weren't for Joe, I'd have quadrupled it by now.

Back when I got out of A&M in '99 $100K was a lot of money, add to that the dot-com bust, Enron, 9/11, 7% mortgage rates...

Took me awhile.

I've tracked my assets and overall net worth since I graduated.

Cash + Equities (excl house, cars)
$100k - 16 months after graduation
$200k - 13 months later
Paid off house - 12 months later
$300k - 3 years later
$400k - 12 months later
$500k - 11 months later (end of 2021)

5 years to get $100k(non-retitrement) and about 6 months to loss half of it on paper.

Finally cleared 300k again last week, one whole year later. Guess we'll see how long it lasts this time. Here's hoping I can start making progress towards the next 100k.

Bout to hit 100k this week. Let's hope the next 100k comes faster

I think that it would be important to measure total net worth in order to get a proper picture.

If you are just out of college, you should be maxing out your tax shelters, and pouring everything else into paying down debt. Paying down debt is better financially than accumulating equities because it is a guaranteed return of 4 - 8% a year (if you have college debt at less then 4%, you should probably keep that as long as you can until your mortgage is paid off, because your mortgage is likely higher interest rate).. Tax shelters are better than paying off debt because they are an immediate return equal to your marginal tax rate.

So, for most people, those first 3 - 10 years out of college, they will be increasing their net worth without accumulating equities. After that they can accumulate equities much faster, because they don't have the debt to pay off.

Another thing you are missing is investment in other types of long term assets. Buying a rental house is often times a better investment than buying equities, especially if equities are overpriced at that moment.

YouBet said:

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financeag96 said:

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You have me confused with somebody else

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No we don't. Go ahead and change names again.

To answer your question, I have no idea because I'm pushing 50 yrs old and don't remember. I don't think I started tracking detailed data until ~5 years after I graduated using MS Money.

However, considering my salary right out of college at around $25K and the we had the dot com recession it probably took me longer than most.

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I'm 2 years ahead of YouBet

first year out of law school working for US Department of Commerce in 1997 the salary for a GS was $28,000

Brian Earl Spilner said:

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Finally cleared 300k again last week, one whole year later. Guess we'll see how long it lasts this time. Here's hoping I can start making progress towards the next 100k.

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Yeah that didn't last very long...

Had $10,000k in Nvidia and $12,000 in ASML in 2006.
NVDA went to $400k, $250k in ASML. $900k in Aapl.

I don't even try anymore. The money is just flowing.

evan_aggie said:

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Had $10,000k in Nvidia and $12,000 in ASML in 2006.
NVDA went to $400k, $250k in ASML. $900k in Aapl.

I don't even try anymore. The money is just flowing.

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So, you have cashed out? What are you doing now?