Bikerdude
Thinks s/he gets paid by the post
- Joined
- Jul 4, 2006
- Messages
- 1,901
The Freebird Foundation is still open for business.
Tax deductible I assume.
The Freebird Foundation is still open for business.
Amen to that.this is sure better than 6500 in my book.
I have a now 61 year old co-worker who had "enough to retire" two years ago (just reached $1M he proudly told me back then). But he could not sell his primary residence (already [-]bought[/-] mortgaged his retirement home in AZ 4-5 years ago), so he did not retire. Now he's nowhere close to his "number" so he "can't retire" now (and the house still hasn't sold).
Nowadays he often laments to me and others, "I should have retired 2 years ago when I had the money..."
... It is just torture to study the real estate websites for our planned ER location, since the prices are so low and so many lovely homes are for sale by desperate sellers. But so far, we have resisted.
It is just torture to study the real estate websites for our planned ER location, since the prices are so low and so many lovely homes are for sale by desperate sellers. But so far, we have resisted.
Just double checked - more like minus 4.8%.
Unclemick, I believe you. I have been monitoring Wellesley and found that if one reinvested all dividends, he would be down only around 1% relative to the fund's high in Oct 07. Since you are such a "big" spender and still have some testosterone to buy during the deep, your performance is achievable.
I wish I could say the same about my portfolio, still down 13% from my previous high. However, that "loss" includes money I withdrew to live on and to pay my kids' college tuitions, which hurt like the Dickens.
I knew that I beat the S&P and Wellesley from 2003 until 2007, but looking ahead who knows? At some point, I may just park my money in Wellesley and drive an RV through Europe. But hormone is hard to resist, though it manifests in different persons in different ways. Heh heh heh ...
Same situation except already ERed. We'll see if I get up the gumption to move before prices go up again or stocks collapse. I'm so glad I didn't buy a couple of years ago. I wish I could DCA into a house.
You can do that with mortgage payments, as long as you maintain at least the required minimum monthly DCA...I wish I could DCA into a house.
You can do that with mortgage payments, as long as you maintain at least the required minimum monthly DCA...
Porky bellies my friend. Lets keep that between us.
I wish I could DCA into a house.
You can do that with mortgage payments, as long as you maintain at least the required minimum monthly DCA...
I think you meant that you wanted to avoid paying high prices for a house at the top of the market, and to be able to "accumulate" a house at varying prices as one does with stocks.
Well, if so, I don't think house prices will get much lower than where they are now. They probably won't get to nosebleed altitudes like in 2006 any time soon, but I would buy now if I needed a place to live.
OK! Pork bellies it is. But why keep it a secret? Let's scream on top of our lungs. "PORK BELLIES! BUY, BUY, BUY".
Well, I have no pork bellies yet, but today my beloved nerdy stocks (semiconductor and tech stocks) have recovered and help propel my portfolio to a new high for 2009. Material and mining stocks also move higher. So far, so good. BUY, BUY, BUY ...
I think you meant that you wanted to avoid paying high prices for a house at the top of the market, and to be able to "accumulate" a house at varying prices as one does with stocks.
Well, if so, I don't think house prices will get much lower than where they are now. They probably won't get to nosebleed altitudes like in 2006 any time soon, but I would buy now if I needed a place to live.
This thread is very likely the stun gun in the abattoir. We are stumbling down the chute.
The rally is on borrowed time.
A few months from now the all-cash people will be back telling us how clever they are.
Ha
I am not so pessimistic. I have quite a bit of foreign equities and also US multi-nationals. I am going to take my chances with 71% equities now and want to ride it higher before selling.
Regarding the cash people, they should be doing OK too. It's a great country where one can invest however one likes. However, it's the bears shorting the market that I wonder about.