Mr. Hobo Millionaire - Observations on Life, Business, and Money from a Life-Long Entrepreneur
  • Latest
  • About Mr. Hobo Millionaire
  • Contact Mr. Hobo Millionaire
Latest
About Mr. Hobo Millionaire
Contact Mr. Hobo Millionaire
Mr. Hobo Millionaire - Observations on Life, Business, and Money from a Life-Long Entrepreneur
  • Latest
  • About Mr. Hobo Millionaire
  • Contact Mr. Hobo Millionaire
Browsing Tag
vti
Money

Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)

You’ve heard the saying “don’t put all of your eggs in one basket” (because if you drop the basket, all of the eggs break, and you lose all of them). What I’m about to discuss is about having one egg in one basket… the difference is… when the egg breaks… it breaks into ~3600 little eggs. That one egg is VTI. It’s technically not a stock, but an ETF (a fund that you can buy and sell as a stock). It’s managed by Vanguard (and I use the word “managed” loosely). VTI is also known as a mutual fund under VTSAX (3K initial investment). Note there used to be a VTSMX with a 3K initial investment and slightly higher fees, but Vanguard did away with VTSMX and now there is only VTSAX (it’s all the same, and all VTSMX holdings were converted to VTSAX).  Now let’s get back to discussing this one egg concept…

Continue reading
Reading time: 10 min
Hard Work Life Money

FIRE (Wealth) Is All About Math And Choices

I blog a lot about this subject (choices in life), because it really is at the core of all that I believe. The sum of your choices in life will determine where you end up (and with how much money). Of course there are people who get the “short end of the stick”… that’s not you. If you’re here reading this, you’re alive, have internet, you’re doing better than the folks who got the short end.

FIRE: Financial Independence Retire Early

The math of FIRE is simply to save 25-30 times your yearly expenses and live off that savings by withdrawing 3%-4% “forever”. If you spend $30,000/year, you need to save $750,000 to $900,000. If you spend $100,000/year, you need to save $2,500,000 to $3,000,000.

A lot of people seem to think it’s impossible to save 25-30 times your yearly expenses. It’s not. It’s all math and choices.

Continue reading
Reading time: 6 min

About Mr. Hobo Millionaire

I blog about money, financial independence (FIRE), life, and entrepreneurship. I got rich slowly (over 20+ years) with a niche software business. I also failed at a number of other things (and mild success with a few others). I share what I did right along the way, and a lot of what I did wrong, with a goal to encourage you think differently about life and money.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog, and receive notifications of new posts by email.

Follow

@MrHoboM on social media:
Twitter | Facebook | Instagram

  • twitter
  • facebook
  • instagram

 Featured On

Physician on FIRE

Millionaires Unveiled

FinanciallyAlert.Com

ESIMoney.Com

Popular Posts

Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)

Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)

November 18, 2019
The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.

The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.

June 30, 2020
The 7-Hour Workweek

The 7-Hour Workweek

May 19, 2019
Find Your Why… For FI

Find Your Why… For FI

April 27, 2019
Equality? We Are NOT All Equal… And That’s OK.

Equality? We Are NOT All Equal… And That’s OK.

July 14, 2019

Recent Comments

  • Mr. Hobo Millionaire on Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)
  • Charlie @ doginvestor.com on Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)
  • Mr. Hobo Millionaire on Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)
  • Charlie @ doginvestor.com on Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)
  • Mr. Hobo Millionaire on Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)
  • BuddMann on Why I Have My Entire Stock Market Holdings In One Single Stock (VTI)
  • Dave on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Mr. Hobo Millionaire on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Dave on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Marc Archibald on Equality? We Are NOT All Equal… And That’s OK.
  • Mr. Hobo Millionaire on Equality? We Are NOT All Equal… And That’s OK.
  • Mr. Hobo Millionaire on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Marc Archibald on Equality? We Are NOT All Equal… And That’s OK.
  • Marc Archibald on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.
  • Mr. Hobo Millionaire on The World Is Not Safe. It Has Never Been Safe. It Will Never Be Safe.

Tag Cloud

2nd place abundance Apple auditions business choices compounding critics death dividends entrepreneurship financial independence Financial Samurai FIRE freedom hard work Harry Potter investing investments JK Rowling life losers losing microsoft millionaire money negativity Oracle passion Quora recurring revenue retirement s&p 500 saving savings software SteveArk.Com stocks theodore roosevelt Vanguard VOO VTI winners winning work

© 2019 copyright MrHoboMillionaire.Com // All rights reserved
Designed by Mr. Hobo Millionaire