patrick.net

@stfu
Actually, the inherited IRA was smaller than 300K and I inherited it in 2017; it was already invested for some capital appreciation so it grew in those few years.
I have saved and invested my entire life expecting not to receive much from my parents.
My father was not an astute investor; in fact he made some mistakes but he earned enough to eventually have money when he needed it.
My father's ancestor was a founder of Wachovia Bank; he had inherited shares. I told him "Go up to the Fidelity store on Broadway and sell it and buy a couple of stock mutual funds; it's better to be diversified than keep one stock."
He didn't follow my advice and in 2008 lost about $650,000 when Wachovia went bust and he got a few shares of Wells Fargo in exchange.

I previously got an inheritance from my mother and I rolled the dice with it and bought shares of AAPL; I have a large capital gain from this gamble.

I'm not bitter about the guys I know who won't save their money; I'm a little pissed off at my friends who get public pensions who pay no California tax on them. I'm also a bit pissed off at people who don't save a dime and get govt. money because they have some bastard children.

I have a frugal nature and have made arrangements to save even more money; it's just my habit and I can't quit.
I changed my state residence to Florida; next year I will depart Florida and be in Baja Sur, saving more since I won't be owning or renting in Florida for a decade or so.
Interestingly, others from up North (Canada, California, Washington, Oregon, etc.) are doing the same, so Baja housing prices are rising, but are still very reasonable.

At the rate I'm going, I'm never going to spend my money; it's a large enough nest egg that even if I spend 4X what I spend today, it will never run out.

My only frivolous spending it eating out but then the fun is finding places which are good but not expensive.

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The CAGR for the S&P 500 is about 3.7% (each year) from 1 January 2000 to 31 December 2022. It is inflation adjusted and accounts for dividends.

Historically the CAGR is around 6.5%. The last 22 years has been a dismal extended period for the S&P 500.

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https://www.fool.com/investing/2023/12/10/where-will-amazon-stock-be-in-3-years/

Amazon is slowly making its way back toward the 6% profit-margin record it set a few years ago. That's better than traditional retailer rivals like Costco Wholesale can manage but is far below the over-40%-profit rate that growth-stock investors can get from a company like Microsoft.

There's a good chance that Amazon's margins will reach double-digits over the next few years, though. Operating income is already soaring, compared to last year, for example. The company generated $24 billion in profits in the past three quarters, up from $10 billion a year earlier.

Management projects profits as high as $11 billion in the holiday quarter, too, compared to $3 billion in late 2022. Amazon is targeting more balance between growth and profits today, and this approach should continue improving its finances over the next several years.