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Millionaire

September 11th, 2014 at 02:04 am

Yesterday, I vested into some more of my employee stock options, the ones I got three years ago before the stock price shot up almost six fold. I logged onto Mint and checked my net worth -- it's jumped up to almost up to $600K.

Out of curiosity, I then asked the SO for the balances on his accounts, and added everything up, and… holy moly.

Together, we are now worth over one million dollars. We are officially millionaires. (WHAT!! Whoa.) It's a bit surreal. We are now, in actual fact, the millionaire(s?) next door. Big Grin

And we shall celebrate this fact with walnuts.

Posted in A Day in the Life, Investing | 7 Comments »

7 Responses to “Millionaire”

  1. creditcardfree Says:
    September 11th, 2014 at 02:28 am 1410402496
    1410402496

    Awesome!! Don't spend it all on walnuts. Smile

  2. CB in the City Says:
    September 11th, 2014 at 02:37 pm 1410446247
    1410446247

    Good for you!

  3. Joan.of.the.Arch Says:
    September 11th, 2014 at 03:09 pm 1410448180
    1410448180

    Walnuts?

  4. amberfocus Says:
    September 11th, 2014 at 06:25 pm 1410459946
    1410459946

    Haha, I just realized that without context, the walnuts make no sense. Last time we were at the grocery store, the SO wanted walnuts, but they weren't on sale, so we didn't get them. Hence the celebratory walnuts. Smile

  5. SecretarySaving Says:
    September 11th, 2014 at 07:25 pm 1410463506
    1410463506

    I worked for Enron. Be careful putting majority of your nest eggs into one basket meaning company stock.

  6. PatientSaver Says:
    September 12th, 2014 at 11:37 am 1410521872
    1410521872

    I ditto what secretarysavings just said. My new employer is doing an IPO very, very soon, and of course they're encouraging their employees to invest in the company stock.I have zero interest in doing so. I think the rule of thumb is, no more than 5% of your portfolio in employee stock. It's very non-diversified.

  7. amberfocus Says:
    September 12th, 2014 at 11:59 am 1410523168
    1410523168

    I TOTALLY get the concern over company stock. Diversification is still a huge issue, even if my company is not another Enron. Currently, I only have (unexercised) stock options and stock grants (for my 401(k) match). I have not sunk any of my own money into company stock, so the stock can crash completely tomorrow and I would still be totally fine. I will likely have to put up some of my own capital at some point when I do exercise my options, but it won't be anything I can't afford to lose. Watching the stock price soar is only fun for about ten seconds before I start getting stressed out. Timing/playing the market is really not my thing.

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