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Buy, Sell, or Hold

Don
Don
May 12, 2016
7:47pm
Block User
Quote
Originally posted by: billryan
Worth more than a house in Appalachia? Am I supposed to be impressed?
DonDiego finds his Appalachian dwelling high up on Tomato Ranch Ridge quite comfortable.

The roof keeps almost all the rain/snow out of the occupied rooms. In the Summer there's often a comfortable breeze right through the living room, . . . and in the Winter, well, . . . it is surprising how unrestrictive a well-constructed down jacket is inside one's home.

jatki
jatki
May 13, 2016
12:07am
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Quote
Originally posted by: pjstroh
I don't see much opportunity in the market right now. When Clorox is selling at 25x earnings you know things are getting a little over priced.

I've been putting all my new capital towards paying down my mortgage this year. I'm on pace to have it paid off by my 47th birthday.


You are correct, not much worth going after right now. I did dip my toe in a couple things earlier this week and am up somewhat on them. I know it's a horrible habit but when I'm sitting on so much cash, I feel I gotta place a small bet on something, even it's the nickel slot.
Campion
Campion
May 13, 2016
1:17am
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Housing prices in Portland have gotten pretty crazy in the last couple years. I owe 250k on a house that I could probably sell for 500 right now, but rental prices are just as insane and I could RENT out this house for 2x what our current mortgage is. We live about .9 miles from a prestigious small college (Reed) and there are tons of students who would jump all over it to rent. So I'm trying to decide what to do about that. What would seem to make sense to me would be saving up cash to put down on another house. This one is also really too big for us....just 3 of us right now, for another 5 years. My parents are aging and live only about 2 miles from here, so I've discussed with them buying their house. So many things to consider.

I've never worried too much about market timing. Dollar cost averaging. and I'm still young, 44.

Y'all didn't need to know any of that, but I started typing and there you go. Plus "Into The Woods" is on and the music is distracting me. Well,Emily Blount and Anna Kendrick are distracting me too......
Don
Don
May 13, 2016
2:06am
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Quote
Originally posted by: friedmush
. . i. Once I reached a point where standard deduction outweighed itemized deductions, I couldnt pay off house fast enough.

That is where teechur and DonDiego are about right now. Itemizing was a slight bit better last year, . . . but it won't be for long. DonDiego's considering paying off the mortgage, . . . but, on the other hand, the interest rate is so, so, so low.


cjen
cjen
May 14, 2016
1:48am
Block User
The kids and grandkids most likely will end up with the fruits of mine and my wife's life time of hard work. I'm fully invested. Right now I'm fortunate to not need the money to live on. My psychological need is for security, which my years of being thrifty has returned great benefits. I do remember 2008 and the mental anguish of the bottom falling out. I'm also a gambler in the casinos and the market. I bought 800 shares of PSX Friday. Money and Wealth should not be where we derive our joy and happiness. Family, friends , good Health and having gratitude for how well our lives have been blessed, for me is what important in life.
weggie44
weggie44
May 15, 2016
9:16pm
Block User
I came into a small amount of money (20K) about 7 or 8 years ago and decided to try my hand in the stock market after dabbling in it for years. Without knowing it the stock market had bottom from the great recession and I got in at a great time. I have paid for every vacation, the daughters wedding, my boat--(my pride and joy)--and enough to keep the pressure off when I am doing the monthly bill.
Because I am not even playing with found money, it is all now house money.....I wouldn't be out of the stock market with mad money for a farm down south. Their are individual gems that can be found in the stock market all the time. Now my 401-K is another story......I am 55 this year but the management for the funds that I am in make a convincing argument to stay in, so I am. I am down 2 1/2 % over the last year. I guess we will have to wait and see


weggie
jatki
jatki
May 16, 2016
1:30am
Block User
Quote
Originally posted by: Campion
Housing prices in Portland have gotten pretty crazy in the last couple years. I owe 250k on a house that I could probably sell for 500 right now, but rental prices are just as insane and I could RENT out this house for 2x what our current mortgage is. We live about .9 miles from a prestigious small college (Reed) and there are tons of students who would jump all over it to rent. So I'm trying to decide what to do about that. What would seem to make sense to me would be saving up cash to put down on another house. This one is also really too big for us....just 3 of us right now, for another 5 years. My parents are aging and live only about 2 miles from here, so I've discussed with them buying their house. So many things to consider.

I've never worried too much about market timing. Dollar cost averaging. and I'm still young, 44.

Y'all didn't need to know any of that, but I started typing and there you go. Plus "Into The Woods" is on and the music is distracting me. Well,Emily Blount and Anna Kendrick are distracting me too......


Sounds like you have plenty of equity to buy another,smaller house, rent out the one you currently live in (for 2x the mortgage), use the rent to pay for both houses. I'm sure you've thought all these scenarios through tho.
jatki
jatki
May 16, 2016
5:14am
Block User
Oil keeps climbing, closes at high since Nov. Is anyone still short?
Don
Don
May 16, 2016
11:43pm
Block User
********quote*****
Billionaire George Soros cut his firm’s investments in U.S. stocks by more than a third in the first quarter and bought a $264 million stake in the world’s biggest bullion producer Barrick Gold Corp.

The value of Soros Fund Management’s publicly disclosed holdings dropped by 37 percent to $3.5 billion as of the end of the last quarter, according to a government filing Monday. Soros acquired 1.7 percent of Barrick, making it the firm’s biggest U.S.-listed holding. Soros also disclosed owning call options on 1.05 million shares in the SPDR Gold Trust, an exchange-traded fund that tracks the price of gold.
*****endquote*****
Ref: Bloomberg

Perhaps the ice is a'startin' to crack.

Campion
Campion
May 17, 2016
1:30am
Block User
This fall we will be having a Reed College student living in a downstairs bedroom. $600 a month (1/3 of our mortgage). Easy money. Going to split that money between applying it to the principal of our mortgage, and saving it for purchasing our next house (which might end up being my parents house). Dad has Parkinson's, mom can't see, and they can't stay at that house too much longer. I don't necessarily want to live there, but could do it for a short time. More importantly, I wanted to keep that house in the family. They bought it in 1966 (for 25k) and it's the only home they ever lived it as a married couple. Just celebrated their 50th wedding anniversary. I, and my kids, have some awesome memories of that house and I told them I wanted to keep it in the family.


Quote
Originally posted by: jatki99
Quote
Originally posted by: Campion
Housing prices in Portland have gotten pretty crazy in the last couple years. I owe 250k on a house that I could probably sell for 500 right now, but rental prices are just as insane and I could RENT out this house for 2x what our current mortgage is. We live about .9 miles from a prestigious small college (Reed) and there are tons of students who would jump all over it to rent. So I'm trying to decide what to do about that. What would seem to make sense to me would be saving up cash to put down on another house. This one is also really too big for us....just 3 of us right now, for another 5 years. My parents are aging and live only about 2 miles from here, so I've discussed with them buying their house. So many things to consider.

I've never worried too much about market timing. Dollar cost averaging. and I'm still young, 44.

Y'all didn't need to know any of that, but I started typing and there you go. Plus "Into The Woods" is on and the music is distracting me. Well,Emily Blount and Anna Kendrick are distracting me too......


Sounds like you have plenty of equity to buy another,smaller house, rent out the one you currently live in (for 2x the mortgage), use the rent to pay for both houses. I'm sure you've thought all these scenarios through tho.


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