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Then feel free to give your dollar amount if you wish to share with everyone, but percentages are often used to keep everyone's actual dollar amounts private. Or don't participate in the thread if you see no point in it.
Maybe the point is simply calculating your number, if you don't get it or think there's no point you can exit. What's the point of your questioning? Clearly many people are participating without issue and finding something in the thread
Interesting to read here..because poster's vary in that their ages's and their net worth mean totally different things....Those working and still generating incomes and investing..then there's those retired who are totally reliant on their investments/SS.....But I I can only speak as a middle class Canadian, retired for over 2 years..lived off investments, Government CCP/OLS ( Canada Pension Plan ala SS in USA) (OAP/Old Age Pension/Provincial Pension) which we all paid into ( me for over 50 years)....
Okay...On paper, given investment's have gone down...BUT that's on paper only and means and unless I cash out..then there's property/home..proce has maintained and gone up..meanwhile small mortgage going down annually..then of course my SS income as a US military war vet widow...even tho measly..has gone up by 39% due to dollar exchange.....
Bottomline..My net worth has remained status quo++...and am other than scant mortgage @ 2.79% until 2020...I am DEBT free!! Even If I get sick....no bills will affect my net worth between known as "Universal HC".. no more costs unless I want to somehow do some plastic surgery to make look 20 years younger... Nope..won't waste such money...LOL I'm a fine wine..only get better with age..and so far..haven't turned into vinegar...
Interesting to read here..because poster's vary in that their ages's and their net worth mean totally different things....Those working and still generating incomes and investing..then there's those retired who are totally reliant on their investments/SS.....But I I can only speak as a middle class Canadian, retired for over 2 years..lived off investments, Government CCP/OLS ( Canada Pension Plan ala SS in USA) (OAP/Old Age Pension/Provincial Pension) which we all paid into ( me for over 50 years)....
Okay...On paper, given investment's have gone down...BUT that's on paper only and means and unless I cash out..then there's property/home..proce has maintained and gone up..meanwhile small mortgage going down annually..then of course my SS income as a US military war vet widow...even tho measly..has gone up by 39% due to dollar exchange.....
Bottomline..My net worth has remained status quo++...and am other than scant mortgage @ 2.79% until 2020...I am DEBT free!! Even If I get sick....no bills will affect my net worth between known as "Universal HC".. no more costs unless I want to somehow do some plastic surgery to make look 20 years younger... Nope..won't waste such money...LOL I'm a fine wine..only get better with age..and so far..haven't turned into vinegar...
Maybe the point is simply calculating your number, if you don't get it or think there's no point you can exit. What's the point of your questioning? Clearly many people are participating without issue and finding something in the thread
The point of my questioning was to find out the purpose of this thread. It was not clear to me, and I genuinely wanted to know. Some people viewed my question as an attack and got aggressive. No big deal.
Anyway, question answered I guess. It looks like the purpose of this thread isn't to establish some kind of net worth gain by assets or age or anything. There's no way to tell if somebody's 2% gain is amazing or mediocre, checking to see if they're on track or need to make adjustments in 2016+. It's simply people sharing percentages that are meaningful to themselves only.
I zeroed out my mortgage last January and dramatically increased my savings rate. I bought a car out of cash flow. My portfolio was pretty much flat other than money I added. Between tax deferred and after-tax, I'm saving 40% of my gross income.
The point of my questioning was to find out the purpose of this thread. It was not clear to me, and I genuinely wanted to know. Some people viewed my question as an attack and got aggressive. No big deal.
Anyway, question answered I guess. It looks like the purpose of this thread isn't to establish some kind of net worth gain by assets or age or anything. There's no way to tell if somebody's 2% gain is amazing or mediocre, checking to see if they're on track or need to make adjustments in 2016+. It's simply people sharing percentages that are meaningful to themselves only.
you are just wrong. percentages are meaningful. the fact that you dont understand that is your shortcoming, not ours. much less meaningful than % would be dollar amount but you seem to think otherwise. you should try to realize why this is the case instead of acting like you know something that you dont. it will help you become more financially literate.
of course, no single number is going to give you a full financial picture of someone. so you will always be able to point out shortcomings of any single piece of data. but if you picked 1, it would be %.
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Nope..won't waste such money...LOL I'm a fine wine..only get better with age..and so far..haven't turned into vinegar...
