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More or less right there. Retirement accounts are full steam ahead, because we have time. Taxed portfolio we've, after paying off the house, pulled back to safe investments and savings. Next major purchase is a full-sized truck; after that is done and the market finally corrects, going to buy up the deals on the stock market. I'm at least mildly surprised it hasn't corrected yet, but it will eventually.
Despite what the media try's to do to the market, it still is reacting to a positive political situation in the US. The contrary bunch wants the market to drop so they can bottom fish. Not a bad idea, but the markets performance is not supporting that right now. They are plenty of people holding cash that would bottom fish, I might a bit on my taxed accounts. We made some major changes this last 2 years in our living situation that will put us back in the market hard in the next 4 to 6 months.
We had a 70% equity position on our home and property in Western Oregon, but due to my divorce over 30 years ago, and a business failure in 2009, a life threatening illness in 2011, we did not get the mortgage paid off. Not wanting to pay a mortgage anymore as I entered my sixties and the wife want to go part time, we adjusted. We fixed the property up with some investment money, and sold it. We had two acres in Central Oregon that we bought for cash in 16-17 time frame. We are developing the property, our manufactured home arrives next Wednesday and hopefully we are in by late November.
No mortgage, paying cash for everything. Lower cost of living over all here. We too are frugal people, we drive used paid for car and truck in good condition. We will both now work another 3 to 4 years part time, rebuild the IRAs up a bit more and the Roths and when those hit a certain point we can pull the plug and fully retire.
We are holding a mixed bag of equities, Apple, Facebook, Disney, Costco. We have it with Edward Jones and they have produced an average of 10.6% for us the last three years. I have some taxable money with AmeriTrade that I play with a bit on some former employers business's. I can live with that rate, just keep adding and doing well, and the minute that return on interest is $ 50,000 grand a year, that is a done deal at that point.
I have been taking some out an buying some bare dirt properties, just to get some money out of the market. My rationale there was that in 2016 some of these "semi developed" properties ( water and electricity at the road) were very good values. They were all one to 2 acre properties in Central Oregon Redmond Prineville areas. We sold some stocks and bought several of these properties.
Those properties have appreciated 40% now, so we are holding them for income over the next 15 years. They will sell when we put them on the market , but I intend to hold them and not sell any of them for at least 5 years, and then about one every other year or so for income.
Made a good decision there for a change. I feel a little bit more in control there than watching the market every day. which I still do of course.
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