How are your investments doing?

[DarkBlack]

I made money, I always do.

Nobody, always makes money in the market. Nobody.
And genuine successful professional traders/investors, would never make a cocky remark like that.

Have to change your screen name to Gordon Gekko

 

[Snobdds]

Nobody, always makes money in the market. Nobody.
And genuine successful professional traders/investors, would never make a cocky remark like that.

Have to change your screen name to Gordon Gekko

You should change your name to jealous.

 

[DarkBlack]

You should change your name to jealous.

 

[Snobdds]

Don't act like you're not.

 

[DarkBlack]

Don't act like you're not.

You got me … chuckling

 

[Snobdds]

You got me … chuckling

I know I do. I deal with your kind on the daily.

You follow the same pattern all the others have...

 

[CloverKnollFarms]

One thing I'm often reminded of... Personal finance, is personal.

For instance... I truly find joy in carrying $0 of debt. I'm well aware of leverage. I make choices to not use it. It's a personal decision. My family has flourished in spite of that decision.

I have close friends who make WILDLY different choices and who have different values. If they ASK me for my opinion or guidance, I'll give it... Otherwise I don't. I also don't brag about my success to make them feel small. All they know is that I am 48 and retired. And they only know that because I never go to work They don't know how, or why... And I don't feel compelled to share it with them, unless they ask and are truly interested. Spoiler... Nobody cares about your money or what you do . Not in the least. My best friends don't know how we achieved it, and they don't ask, so I don't feel the need to put it out there.

 

[Fuddyduddy1952]

I've never had a problem making money except it's getting harder to find silk thread paper and cutting them to 6.14 by 2.61 inches is a real challenge.

 

[DarkBlack]

I will not go in debt for anything that I don't have the money to pay off instantly.

Same here.. except for the one exception being housing. I bought my present home, and previous house through mortgage companies. They were both beyond my cash at the time, but I believe with a house and property you’re going to live with for years, and with house and property appreciation rates, it’s better to go for the gold and buy your dream home, not wait, or settle for a cheaper home.
Like they say, they’re not making any more land.
I paid off both mortgages ASAP, and got back to market investing

 

[mark in portugal]

Like they say, they’re not making any more land.

The Dutch do it.
Still, I own a house there that needs no land.
I invested in 70 tons of steel...

 

[MossRoad]

The Dutch do it.
Still, I own a house there that needs no land.
I invested in 70 tons of steel...
View attachment 4577153

Sweet!

 

[DarkBlack]

The Dutch do it.
Still, I own a house there that needs no land.
I invested in 70 tons of steel...
View attachment 4577153

 

[mark in portugal]

To keep on the thread topic; the ship is an investment that has done very well.
in 1994, I paid around $28,000 for the nearly empty hull and a legal mooring inside the city limits. The hull was worthless, the value was the mooring rights.
I invested around $80,000 and 5 years of work to turn it into what it is now.
I lease it out as a static residence; it is navigable (inland only), but is connected to city power, water, sewer, and internet. It's very pretty inside, lots of hardwood.

I bought 12 tons of new steel for it, at $0.25 per pound. Raw plantation teak from Venezuela, wholesale from the importer. 110 sheets of luan plywood. All those materials would cost immensely more today (especially the teak, that was SO cheap!).

If I were to sell it, I'd get around $800,000. But considering the high rent it earns, I think it should be worth more, so I'll hold onto it for a while longer.

Maintenance is a hassle now that I'm in my 60's and live 1500 miles away.
I have to fly there to replace a relay soon. Long story.

 

[DarkBlack]

To keep on the thread topic; the ship is an investment that has done very well.
in 1994, I paid around $28,000 for the nearly empty hull and a legal mooring inside the city limits. The hull was worthless, the value was the mooring rights.
I invested around $80,000 and 5 years of work to turn it into what it is now.
I lease it out as a static residence; it is navigable (inland only), but is connected to city power, water, sewer, and internet. It's very pretty inside, lots of hardwood.

If I were to sell it, I'd get around $800,000. But considering the high rent it earns, I think it should be worth more, so I'll hold onto it for a while longer.

Maintenance is a hassle now that I'm in my 60's and live 1500 miles away.
I have to fly there to replace a relay soon. Long story.

Nice. Any interior pictures?

 

[mark in portugal]

I made this video a few months ago. I'd just cleaned it up for a new tenant, and refinished the kitchen and table tops. I built it all 25 years ago. I repainted the exterior at least 4 times, the interior hasn't had much done at all. The teak floor got flooded once and was under 2 feet of water; I didn't even refinish it.

I made the video to advertise it for rental, so the technical parts are mostly not shown.

 

[goeduck]

I think one thing to consider in retirement is what it costs you to live.

We won't have a mortgage. We have never had a car payment either. I don't imagine we will be making payments in retirement, since we didn't while raising a family ($$$). My son is the last to leave the nest this coming fall, and currently our monthly expenses hover around $2000-$2500. Once I stop feeding him, I'll save a little more

That amount would not cover my monthly property taxes and insurance. I wish we could live on that.

 

[CloverKnollFarms]

That amount would not cover my monthly property taxes and insurance. I wish we could live on that.

We are very fortunate to live in a low cost of living area. Insurance and property tax run about $225/mo

 

[Carl_NH]

We are very fortunate to live in a low cost of living area. Insurance and property tax run about $225/mo

We're 6x that here in NH - no state income tax but high property taxes and cost of living..

 

[riptides]

Insurance and taxes are the worry for us going forward. Our area is seeing a boom of high dollar houses. Just heard yesterday another 1000 homes to be built not more than twenty minutes away. That county recently redid all their zoning requirements, bringing more density for build outs and decreasing minimum lots sizes for building on rural/ag zones.

I expect my taxes to go up significantly in the next cycle.

 

[ultrarunner]

That amount would not cover my monthly property taxes and insurance. I wish we could live on that.

WA property tax is a killer… at least for me…

Had my place rented which covered taxes and insurance but the new rent control laws seem designed to push out mom and pop housing providers… all the responsibility but fewer remedies.