Dow Down 666 Points

wuqijun · March 28, 2018, 8:15pm

I’m down 4% for the year.

marcus335 · March 28, 2018, 8:44pm

I’m up 1.4% in IRA and up 14.4% in taxable account. I just wish the market would pick a definitive direction, so then I can get aggressive. This current situation is boring.

BA_lurker · March 28, 2018, 8:46pm

Multifam FTW. Not there yet (for FIRE), but all my rentals are cashflow positive. And doing more qualitative buys and spreading it over enough units gives me an assurance of a certain amount of cashflow regardless of future market conditions (unless we go into a massive depression)

BA_lurker · March 28, 2018, 8:47pm

i will say 40s and leave it at that

manch · March 28, 2018, 8:50pm

Looks like @BA_lurker is like @Elt1 but 20 years younger…

BAGB · March 28, 2018, 8:57pm

Congrats. How long do you plan to keep your job? Is it an attractive idea to leave the 9-5?

wuqijun · March 28, 2018, 9:07pm

Now I’m interested in knowing where your rentals are…

BA_lurker · March 28, 2018, 9:11pm

I like what I do, so will keep at it unless working conditions change materially or I decide going another year without a vacation isn’t worth it.

Jil · March 28, 2018, 9:24pm

BA_lurker:

FWIW. I mainly exited the market today. My only holding are index funds in my 401Ks (which are fire and forget) and about half my liquid reserves which are also in an index fund (since i don’t plan to buy anything in the forseeable future). I have moved the rest of my stock holding to cash which I plan to use to pay down a good chunk of the mortgage on my primary. I wanted to share this information in appreciation for the great advice and fun this forum has provided and also provide my reasoning:

*) I am still up about 6% from Sep 2017 when I got back into the stock market after a number of years (buying stocks not funds) based on the input here - so thank you very much
*) I am a risk averse person by nature and I couldn’t deal with the market gyrations plus the irrationality of the market with regards to some of the counters I had / was looking at
*) Having a good chunk of my assets in stocks during a volatile period was becoming a distraction from work. My being effective at work would make me a lot more money then whatever I was going to make on the stock market
*) I came to the realization, that to a certain extent, I was gambling on the stock market (yes with some educated insight being in tech, but it was still gambling). I could not spare enough time to be proficient and educated about what I was doing
*) I am at a point in my life where I am pretty close to FIRE (for my standard of living), so I am more focused on preserving wealth then growing it rapidly

One tip:

My only holding are index funds in my 401Ks (which are fire and forget) and about half my liquid reserves which are also in an index fund.

I do not spare that too, moved to fixed funds. We can get at dip, this again, when we guess the bottom.

Elt1 · March 28, 2018, 10:17pm

Take your stock gains and move the money to the Sacramento MSA… multi family. I have a winner here in Tahoe. 94 units $15m

BA_lurker · March 28, 2018, 10:21pm

Crowd fund it with the people on this forum. I’ll take a stake

hanera · March 28, 2018, 10:23pm

I’m a lone wolf.

Elt1 · March 28, 2018, 10:30pm

I want 4 strong players. $1m each cash for the down payment.

buyinghouse · March 29, 2018, 1:22am

Thanks God those using indexed life insurances are not losing anything.

Let’s wait for another mumbling jumbling from the Russian president. Talks about anything, but Putin and Stormy.

buyinghouse · March 29, 2018, 1:23am

You what?

Calling the FBI…

BAGB · March 29, 2018, 3:56am

Are you mostly in real estate? I guess your stock holdings is a very small portion of your networth. Opposite of hanera.

Jil · March 29, 2018, 3:59am

If I guess, hanera too has high portion in real estate than stocks.

BAGB · March 29, 2018, 4:29am

Hanera has been saying he’s buying houses to diversify from stocks. I guess he’s heavy on stocks and his real estate is much smaller than the stock.

Other than hanera, wuqijun, Marcus and Terri, I guess everyone else is mostly RE and stock is a small portion.

wuqijun · March 29, 2018, 9:38am

I have purchased too much real estate the past several years so that my stock portfolio has paled in comparison… I think I should start reducing my real estate holdings and concentrate on propping up my stock portfolio again…

hanera · March 29, 2018, 10:20am

Implies the ratio of RE/ Stock > 1 , is it > 2 or 5 ?