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No longer a millionaire :(

November 8th, 2008 at 02:43 pm

It's no surprise that all of our investment accounts have been hit hard by the recent stock market plunge. This morning I decided to bite the bullet and see how bad the fallout was. It turns out I'm no longer a millionaire -- net worth is down to $840k. All things considered, I can't complain -- it was just fun to call myself a millionaire while it lasted. I am confident the stock market will recover over the next few years and we will be in good shape for retirement 20 years from now. I guess my new goal can be to reach $1M net worth again by the age of 40. Smile

Posted in Investing, Financial Housekeeping | 3 Comments »

3 Responses to “No longer a millionaire :(”

  1. monkeymama Says:
    November 8th, 2008 at 02:45 pm 1226155550
    1226155550

    Bummer!!!!

  2. Ima saver Says:
    November 8th, 2008 at 03:32 pm 1226158358
    1226158358

    I have lost over $100K these past months, so I know how you feel.

  3. KellyB Says:
    November 9th, 2008 at 01:49 am 1226195368
    1226195368

    Me too - I had been a "millionaire" in net worth for about 18 months, but the market losses finally were too much and bumped me into around the same range as you as well. It is a bummer, but hopefully things will come back sooner rather than later...

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