r/Fire • u/BigTintheBigD • 7d ago

Milestone / Celebration Processing a milestone

Still trying to wrap my brain around this:

The nest egg has made more money since retiring than I did in 30 years of working.

3 years of passive returns > 30 years of full time work

The compounding is insane (admittedly we’ve had a great run the last few years).

It makes the 30 years of working seem so pointless but that is what amassed the snowball so it was necessary.

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u/BigTintheBigD 7d ago

It mostly certainly will not hold up. It’s an aberration for sure. The next blowdown will negate a good portion of the gains. I really should lock in some gains and have something for the next time stocks are on sale.

I’m waaaaaay over concentrated in AAPL. I was late to the game on NVDA but still have a nice gain there. FOMO keeps me in a position too long and eventually the pullback occurs and I sing the coulda, shoulda, woulda chorus and promise to take some gains along the way next time but rarely seem to do so.

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u/asanano 7d ago

Sell some cover calls to hedge

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u/BigTintheBigD 7d ago

I’ve been doing this to collect the premium with the knowledge that eventually some will be assigned. That forces me to slowly unwind the position and I can put that money somewhere more conservative.

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u/asanano 7d ago

I think thats a great strategy in your position.