RetireJapan

New thread where I will link to blog posts as they go on the blog -will also provide a space to discuss them

My 2021 personal financial report: https://www.retirejapan.com/blog/progress-report-2021/

Just to comment on the continuing value of the blog and this forum -- I keep encountering useful information and questions of personal relevance that I've never fully considered and want to try to find answers for. Perhaps some sort of appropriate addition or alias to the handle "FIRE Otaku from Sendai" is warranted?

ClearAsMud wrote: ↑Sun Mar 27, 2022 1:38 am Just to comment on the continuing value of the blog and this forum -- I keep encountering useful information and questions of personal relevance that I've never fully considered and want to try to find answers for. Perhaps some sort of appropriate addition or alias to the handle "FIRE Otaku from Sendai" is warranted?

Ha, ha, thanks. Although sometimes I feel you should be writing the blog instead (see: today's blog comment on the nenkin post)

Another Nenkin Case Study Reloaded: https://www.retirejapan.com/blog/anothe ... -reloaded/

A Farewell to Arms (my university teaching career, basically): https://sendaiben.org/2022/03/27/a-farewell-to-arms/

When retiring in Japan (or leaving a job), you should know about health insurance, retirement bonus, and unemployment insurance.

Fortunately this post is here to enlighten you

https://www.retirejapan.com/blog/retiring-in-japan/

Sequel to the retirement bonus post: https://www.retirejapan.com/blog/spendi ... ent-bonus/

From The Monday Read

Interesting statistic in 'Why Does the Stock Market Go Up Over the Long-Term?'

"Ten thousand dollars invested in the U.S. stock market in 1928 would have grown to something like $66 million today."

But that's not $10,000 in 2022 Dollars... The value of $10,000 1928 Dollars in today's money would have been:

https://www.in2013dollars.com/us/inflat ... ount=10000
Value of $10,000 from 1928 to 2022
$10,000 in 1928 is equivalent in purchasing power to about $168,130.99 today, an increase of $158,130.99 over 94 years. The dollar had an average inflation rate of 3.05% per year between 1928 and today, producing a cumulative price increase of 1,581.31%.

https://www.dollartimes.com/inflation/i ... &year=1928
Adjusted for inflation, $10,000 in 1928 is equal to $161,157 in 2022. Annual inflation over this period was 3.00%.

But I don't think that is really correct:

https://www.answers.com/Q/What_did_a_house_cost_in_1928
In 1928 the average cost of a house in the United States was approximately $2,500. The average cost of a newly constructed home in the United States was approximately $5,000

https://www.countryliving.com/life/g333 ... years-ago/
"The average household income in the United States in 1920 was approximately $3,269.40–that's about $42,142.08 today, with inflation."

https://careertrend.com/facts-7426286-a ... -1920.html
In 1920, the Internal Revenue Service reports, the average income was $3,269.40 per year.

https://www.statista.com/chart/27405/us ... he-market/
According to the St. Louis Fed, median prices for U.S. houses rose from approximately $323,000 at the start of the coronavirus pandemic to around $429,000 in Q1 of 2022. Over the same time period, U.S. inflation hit 11.5 percent.

https://www.zippia.com/advice/average-american-income/
Research Summary. While the average American income depends heavily on the industry, field, and experience, you might be surprised to learn how your income stacks up against the rest of the country. According to our extensive research:
The average personal income in the U.S. is $63,214.
The median income in the U.S. is $44,225.
The average American annual real wage was $67,521 in 2020.
The average U.S. household income is $87,864.
The median U.S. household income is $61,937.


Many people who had a spare $10,000 (the cost of four average houses, or 3 years' average income) (maybe between $250k and $1M in today's equivalent) and invested it in 1928 were probably flat broke by 1930...

Reminds me of the old adage, "if you want to make $1M, first of all get $1M..."