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Old 05-15-2016, 07:32 AM   #21
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I have a portfolio of residential real estate in Flint, MI for sale if anyone is interested.

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Old 05-15-2016, 07:45 AM   #22
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Originally Posted by pb4uski View Post
I have a portfolio of residential real estate in Flint, MI for sale if anyone is interested.
"Once you recognize the trend, you usually have time to get out before your losses are huge. "

It's much easier to understand real estate and trends in the rental and sale markets than those businesses, pieces of which you buy in the equity market. An astute buy and hold real estate investor would have gotten out of those years ago. Another astute real estate investor has a business plan to take that portfolio off your hands at a very low price and make money with it.

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Old 05-15-2016, 11:50 AM   #23
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Originally Posted by Senator View Post

Actually, it will be only about 2x when I ramp up my travel. I am hoping to spend about double what I do now. A new truck is in the works.

Distinction w/o difference.

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Old 05-15-2016, 09:07 PM   #24
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I'm hearing here that market timing is easier in the real estate market than in the stock market. Very good. There must be more suckers in the real estate market, given that it's easier to see when it's time to get out, but getting out requires finding a buyer who doesn't see that it's time to get out.

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Old 05-15-2016, 09:38 PM   #25
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Like some others around here the only bonds that I have are through Vanguard Wellesley and Wellington Admiral shares, I think it makes my total allocation to bonds out to be around 13% overall.
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Old 05-15-2016, 10:01 PM   #26
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I just have 2 tax free bond ETFs. I understand that there are those of you who state they don't increase in value but mine are up 2% in that month + I get tax free interest

I couldn't be a landlord -- too risky for me
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Old 05-15-2016, 10:18 PM   #27
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Once you have one the game (in this case FIRE'd), it seldom makes sense to continue playing - why risk what you have?

I'm in a similar position with enough income from real estate and equities to cover our living expenses and that income stream will grow as mortgages are eventually paid off (and, again, when my daughters are eventually off the payroll). I don't need bonds for income but I have some high quality bonds anyway for two reasons:

1. I have an allocation to cash and put some of it into short dated bonds (<3 years) as the return is higher than available bank deposits/CDs out here and the additional risk is minimal;

2. bonds provide diversification and reduce the risk to my portfolio - their main function is to leave me with less downside rather than generate upside over other asset classes.

Budgeting is a skill practised by people who are bad at politics.
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