Originally Posted by Hog's Gone Fishin:
You guys are doing it all wrong. Put your basis in real estate and use play money for the damn stock market.
I think this is the correct answer. But I figured it out too late in life.
I'm starting a little diversification into some real estate ventures now, but it's as a passive investor. I'm too close to retirement to really make the numbers work with my own property purchases. (Plus, passive investing works better for my current life.) [Reply]
Originally Posted by lewdog:
That's up to you. I run 90/10 but I am young and this makes more sense to me as I can handle some big swings being 3 decades out from retirement.
I'm with Rain Man and Lewdog. If you're far from retirement, then bond funds just kinda suck and unless you can't stomach the risk, I'd go higher on stock and lower on bonds.
I'm serious about stomaching the risk though. Trying to chase a statistically-likely somewhat higher rate of return isn't worth it if you're not going to sleep at night if the market gets whacked by 20% or somewhat more. It's just not worth it. [Reply]
Originally Posted by Hog's Gone Fishin:
You guys are doing it all wrong. Put your basis in real estate and use play money for the damn stock market.
Investing in real estate at 5 percent cap rates is a tough pill to swallow. Not that stocks aren't equally bloated in price. This is what ten years of hammering the long end of the yield curve looks like. [Reply]
Originally Posted by scho63:
I knew it was one of those farm boys, I just picked the wrong one, just like my stock picks.
Yep, me and Lewdog jumped on it when it was 15-20 and rode it to $42 and sold. I don't think I'm a buyer this time. I bought some UBER when it IPO'd at $42 and dumped it at $44, I have a gut feeling that was a mistake. It might well be a potential money maker when they finally turn. I think I saw it was $46 this morning. [Reply]
Originally Posted by Hog's Gone Fishin:
Yep, me and Lewdog jumped on it when it was 15-20 and rode it to $42 and sold. I don't think I'm a buyer this time. I bought some UBER when it IPO'd at $42 and dumped it at $44, I have a gut feeling that was a mistake. It might well be a potential money maker when they finally turn. I think I saw it was $46 this morning.
I do not see US steel as a buy either. Too much in trade wars to worry about. [Reply]