October Freedom Fund Update: Earnings Increased 25% Over a Year Ago

Mr. Enchumbao

I work for a large investment management company helping people save for traditional retirement. During my spare time, I help others save for financial independence and early retirement by writing for Enchumbao. My journey to FI began in 2012. I was in a lot of debt back then, but I turned things around and became debt free a few years later. My wife and I reached financial independence in 2017 and are preparing to retire by 2020.

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2 Responses

  1. EL says:

    To help answer the question you have, if the market drops to 70%, I think it would be prudent to continue investing as to allow you a security buffer or extra funds to allow you to give to charity / Family. Giving back should be just as important after reaching a great milestone. Also buying stocks on sale is icing on the cake. Good luck in the 4th quarter.

    • Yes, we’ll probably continue investing a little more than planned and just put some cash on the side once we have a retirement date. The cash on the side is not in fear of market drops but to cover short-term expenses that we’re planning for. I’ve never been in this situation, since the last time we had the recession I was paying off debt and changing my life behaviors. If there was a recession now, without any debt to pay off, I think we’d cut our discretionary expenses by a big chunk and invest even more than usual in the market.

      As far as donations/contributions, we’re big on giving back and helping our parents so we’ll put some aside for that as well. It does make you feel good to be able to give back. Thanks for the comment and tip!

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