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Milestone and Going back to school

April 18th, 2026 at 12:51 pm

Well, with Trump's announcement of the Strait of Hormuz being open and the war effectively over (true or not), the markets surged and my total financial assets hit over a million for the first time.  My total assets first hit 1MM in May 2024, my net worth (assets minus liabilities) hit that checkpoint in September 2024, and this is the first time that just the financial assets (disregarding the house and other property) minus liabilities totals that much.

As for going back to school--not currently in the sense of taking classes, although I am very excited to be able to have a college library card again.  I just joined the "Board of Advisors" for one of the colleges in my area, one where I taught from 2001-2009 and one which I am an alumni of, since my post-BA certificate of accounting came from there.

The BOA is mostly a networking and promotion group meant to spur ties of the college to the community.  You actually pay a small annual fee ($60).  That fee is used to fund community projects designed by student groups, for example, designing a "sensory friendly loop" for a field at an early childhood development center, providing materials for the local America Reads program.  There are three meetings a year--a Spring dinner, a Fall breakfast, and a Winter lunch.  The fall and winter programs feature a faculty speaker while the spring dinner honors the student volunteers.  Some of the community members of the BOA have a prior affiliation with the college like I do while others are heads of local nonprofits, local politicians, attorneys, CEOs of local businesses, or financial advisors.

Now that I'm on the BOA, I'm getting invited to a lot more events at the college.  After the BOA Spring dinner on Thursday, I went back again on Friday for a reception honoring the 25th anniversary of the opinion research polling center on campus.  I caught up with some former colleagues from the political science and psychology departments and viewed a posterboard display of some of their survey findings.  I was surprised how many dealt with environmental beliefs, which are a research interest of the survey director. Usually we hear about the institute in the context of political opinion surveys--the director noted that he did over 700 interviews with media outlets in 2024. Based on this group's research, the nadir of climate change denialism was in 2010, and since then, more and more people believe in global warming and that global warming is caused by humans.

I've been invited to yet a third event at the college (the end of the semester is drawing near, so many events in a short time frame).  I have a very busy work week, so I don't think I'll be up for it.  But I'm glad to be able to get a college library card again.

9 Responses to “Milestone and Going back to school”

  1. Tabs Says:
    1776532713

    Congrats on the big million milestone! Hopefully, I too can get there not too long from now.

    Also congrats on your library card haha.

    The objective evidence for humans causing global warming is very, very hard to deny. I think, by this point, most informed “deniers” are complaining more about the lack of studies on the overall impact towards humans more than anything. Anyone else who actually doesn’t believe in global warming at all is just betraying their complete ignorance on the subject matter, and coincidentally enough, are the same number of people I know in real life who also voted for Trump in the second go around. Perhaps it was coincidence more than correlation, but it definitely made my eye roll.

  2. Tabs Says:
    1776535219

    Oh, and according to a recent video just posted a few hours ago by CNN, apparently the Strait of Hormuz is closed again, assuming it was ever open in the first place. Source:

    https://youtu.be/Bn8v59ZERhU?si=Jw7Cqz9ZuyUcqs2o

    I HOPE people will realize what should be so blatantly obvious by now: Trump lies. He is a pathological liar. Literally nothing that comes out of his mouth can be trusted. It is That Simple.

    But yes, for all the insanity and stupidity around this, I am certainly not going to complain about my portfolio rebound, though, before any Trump supporters get excited with the prospect of saying “I told you so”, I’m going to pre-emp it by noting that the DJIA has yet to go back to Pam Bondi’s original high of “$50,000”. And even if does, all the political and actual harm this incident alone has caused is just literally not worth it, when none of this had to have happened in the first place.

  3. Lots of Ideas Says:
    1776541170

    The market manipulation is horrendous, obvious, and dangerous.
    The complicity in the Republican Party that so violates all the principles they supposedly held is disgusting.

    This site for so long avoided political topics but politics can’t be separated from finance now.
    I think it is very important for people to share opinions here and on other sites because so many people think voting doesn’t matter. At this point, out best hope is voting and the options after that are tough to even contemplate.

  4. Tabs Says:
    1776545844

    LOI: If necessary, I can and do speak up about politics, but I specifically try to avoid much of it here on SA because, not only is it off-topic, but more importantly, I understand some people might find it distressing to even look at it right now. My goal isn’t to distress anyone here.

    At the same time, unfortunately, it’s indeed very hard to avoid all of it because what happens politically also affects us economically and financially. I blogged this before, but I want to remind everyone again that I actually had a good friend who lost his government job due to DOGE. This literal loss in career path and retirement plan would have been nothing short of devastating for him had he not already had another job lined up. He was also a reliable and competent worker of more than a decade, and we are all going to suffer just a bit more without him being in it.

    But yeah, I do try not to get too much into politics here, unless it’s related, but it’s just so hard to avoid it right now. My own portfolio dropped nearly -$80k into the red just from the Strait of Hormuz incident alone.

  5. Tabs Says:
    1776561703

    LOI: I just re-read my previous comment, and that really did NOT turn out the way I had meant haha. What I am really trying to say is that I completely agree with you. I just have a bad habit of ending up rambling all over the place.

  6. Dido Says:
    1776609768

    Tabs, sounds as though you are invested pretty aggressively. You indicated that your portfolio hasn't yet reached $1MM and you were down $80k. With about $1MM in investments, I was down less than 40k, with a ~ 65/35 or maybe ~60/30 allocation (I've been reducing my equities a bit as I near retirement, and they're in too many places right now so it takes work to check the overall allocation). You are younger than me, so being more aggressive is fine, but since you are retired, you also want to ensure that your needs for income are covered. That could take the form of cash (equivalents), bonds, or buying an annuity. Hopefully you have a sufficient cash stash to cover your income needs to prevent the possibility of having to sell during a downturn. Of course living frugally to reduce your income need is part of that! (And which is something I don't do easily, hence my continued work.)

  7. Tabs Says:
    1776656982

    Dido: Once again, nothing slips by you hahaha. I am indeed very aggressive… well, to me, I am being 100% defensive by my standards. Of course, I also understand my idea of defensive is very likely someone else’s idea of aggressive. For now, my portfolio has not only recovered from that -$80k low, but it has currently rebounded back to an all-time high.

    Then again, who knows what future holds? I think we can all agree that the market is volatile if nothing else, and I am taking your advice seriously. It only makes sense to take some more off the table during an all-time high, with the market making no sense whatsoever…. Yeah, I am going to do that in the very near future.

  8. Dido Says:
    1776717936

    Tabs, I read this article yesterday and thought you might find it useful: https://www.morningstar.com/portfolios/retirees-preretirees-its-not-too-late-derisk-your-portfolio

  9. rob62521 Says:
    1777402191

    Congrats on the $1 million mark and that college library card! Both are good news!

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