After consolidating most of my liquid assets into a single account in October 2023 and working with a planner this is what came out of it. Mostly energy (oil), Tech (no NVDA) , some spy, qqq (spy/qqq included NVDA by default) etc. I did beat market returns. And my YTD tax is $0 as this was done mostly for tax harvesting and this is where my planner comes in. But the bigger point is if I had not consolidated I might have been playing around with $100k -200k and not $600k. And even all the focusses returns would have been around $38k -$75k and not $250k.
https://i.redd.it/brjhlm14hk5d1.jpeg
Posted by notyourregularninja
8 Comments
Who’s your financial adviser?
Well fuck me, my money only been going missing
I did about the same, without any help.
https://i.imgur.com/XtAvoe8.png
March 2022 I moved my entire 401k into large cap US stock ETF and immediately lost about 25k (low is 141k but its hard to pinpoint it in this app). From then I just kept adding the max contribution. Later, I added with bitcoin etfs. I’ve added about 250k cash (you can see the large pumps) too, so it’s not all pure gains, but most of it is.
I have 2 other accounts outside of fidelity that are doing about as well. I went from ~200k in savings to 1.5 mill in the last 2 years. No claims at being great – the market has been skyrocketing on its own. I contribute as much as I can, including post tax paychecks.
I’ve kept about 230k in FZDXX making just over 5%. I figure it gives me powder if the markets decline to increase position.
Congrats on the gains. But unless a lot of this is unrealized or you already had a huge loss/carryforward there’s no way you won’t owe taxes.
There’s nothing magical about tax loss harvesting.
When your money starts making more money than you, it’s what they call making it
What brokerage?
I mean you started this when the market(especially tech) was starting to roar back up. Give it a few years and a few bear markets with sector rotations on top of it. Measure your performance after a decade and then see.
Where do I get a planner?