The ebullient financial markets continued to reach stratospheric levels during the second quarter of 2021. The S&P 500 returned 8.6% during Q2, pushing the market higher by more than 15% for the first half of the year. Those fantastic results boosted the ROMT family’s finances, moving us closer to our early retirement and financial independence goals!
As I noted last quarter, my mindset has shifted to “when” I’ll reach FIRE, from “if” I’ll reach FIRE, and strong stock market returns in recent weeks haven’t changed the way I’m feeling. That said, uncertainty in the U.S. remains elevated, with Coronavirus cases and deaths climbing again, a new administration that seems hell-bent on spending and taxing its way to higher inflation, and continued social unrest and increased polarization among our country’s citizens. While it seems like a strange time to potentially walk away from a steady paycheck, there’s always going to be something crazy happening somewhere, and the numbers suggest our financial position is sound. During Q2, I let my boss know I was unlikely to be around for the long term, so at this point, it’s just a matter of deciding when enough is enough!Continue Reading