Another Reader
Thinks s/he gets paid by the post
- Joined
- Jan 6, 2013
- Messages
- 3,413
I own mutual funds, including broad market funds, that include growth stocks. I just don't plan on selling those to produce income. I might sell and reallocate the capital at some point, but I'm not going to sell without putting the principal back to work somewhere else.
I operate a "business" with a decent ROIC and favorable taxation - rental properties. I have sold equities to buy real estate when it made sense to make that trade. I have sold houses when the rates of return dropped so low that it made more sense to sell the property and pay off other high rate mortgage debt. The frictional losses were made up for by the superior returns in both cases. I do not sell houses or stocks to eat or pay the bills.
I am forced to liquidate an inherited IRA. This galls me no end. Fortunately, I am able to pay more off in mortgage principal and invest more in paper assets every month than the government forces me to take out.
I operate a "business" with a decent ROIC and favorable taxation - rental properties. I have sold equities to buy real estate when it made sense to make that trade. I have sold houses when the rates of return dropped so low that it made more sense to sell the property and pay off other high rate mortgage debt. The frictional losses were made up for by the superior returns in both cases. I do not sell houses or stocks to eat or pay the bills.
I am forced to liquidate an inherited IRA. This galls me no end. Fortunately, I am able to pay more off in mortgage principal and invest more in paper assets every month than the government forces me to take out.