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The Lounge>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
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eDave 04:57 PM 07-30-2021

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KChiefs1 05:03 PM 07-30-2021
Originally Posted by Hog's Gone Fishin:
I never got any feed back from you knuckle draggers so I bought 10,000 shares and am up nearly 100%.


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Buehler445 05:37 PM 07-30-2021
Originally Posted by Hog's Gone Fishin:
I never got any feed back from you knuckle draggers so I bought 10,000 shares and am up nearly 100%.
Excellent work. GTFO a before it falls out of bed.

At least sell half so youíre gambling with profits.
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Hog's Gone Fishin 05:53 PM 07-30-2021
Originally Posted by Buehler445:
Excellent work. GTFO a before it falls out of bed.

At least sell half so youíre gambling with profits.
Meh, its chump change . I'm hanging in there for $10. It's got plenty of catalysts.
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Bill Brasky 04:51 AM 07-31-2021
Is this thread only for stocks? I just learned I’m getting ridiculous commission this year and the wife and I are looking at real estate. I’m thinking a 2 bed 1.75 bath condo and classifying it as a second home.
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DaFace 08:54 AM 07-31-2021
Originally Posted by Bill Brasky:
Is this thread only for stocks? I just learned Iím getting ridiculous commission this year and the wife and I are looking at real estate. Iím thinking a 2 bed 1.75 bath condo and classifying it as a second home.
I don't think there's any formal boundaries on the thread. Similar to you, my wife and I are toying with the idea of buying a cabin in the woods. We could technically afford it, but there wouldn't be a ton of wiggle room (beyond our normal savings, investments, and other spending), so I'm guessing we'll end up holding off for now. That said, we're still just in our late 30s, so hopefully we can save a little more to do it in the near-ish future.

I do find it challenging to figure out how to view it in terms of an "investment." On the one hand, most of my net worth today can be attributed to appreciation on my house, but on the other, it's impossible to know how things will shift in the future. In addition, there are a ton of other costs to consider (taxes, utilities, HOA fees, etc.) that are a pretty significant drag on the amount you can expect to make off of it.

In short, I have no answers, but if you come up with any brilliant ways of thinking about it, let me know.
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scho63 09:06 AM 07-31-2021
Originally Posted by DaFace:
That said, we're still just in our late 30s.
Always thought you were late 40s early 50s. Not sure why.
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Bill Brasky 11:26 AM 07-31-2021
Originally Posted by DaFace:
I don't think there's any formal boundaries on the thread. Similar to you, my wife and I are toying with the idea of buying a cabin in the woods. We could technically afford it, but there wouldn't be a ton of wiggle room (beyond our normal savings, investments, and other spending), so I'm guessing we'll end up holding off for now. That said, we're still just in our late 30s, so hopefully we can save a little more to do it in the near-ish future.

I do find it challenging to figure out how to view it in terms of an "investment." On the one hand, most of my net worth today can be attributed to appreciation on my house, but on the other, it's impossible to know how things will shift in the future. In addition, there are a ton of other costs to consider (taxes, utilities, HOA fees, etc.) that are a pretty significant drag on the amount you can expect to make off of it.

In short, I have no answers, but if you come up with any brilliant ways of thinking about it, let me know.
Weíve been looking on Redfin but the HOA dues on a condo are insane. They can be upwards of $500/ month on top of the mortgage. Weíre looking in Seattle, so the competition is fierce. I love the cabin in the woods idea. We toyed with getting a vacation style property but the appreciation just isnít the same.

Weíre in the same position where our net worth is all in our house but itís appreciating at 40% yoy. Itís the best investment around.
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lewdog 11:57 AM 07-31-2021
Originally Posted by DaFace:
I don't think there's any formal boundaries on the thread. Similar to you, my wife and I are toying with the idea of buying a cabin in the woods. We could technically afford it, but there wouldn't be a ton of wiggle room (beyond our normal savings, investments, and other spending), so I'm guessing we'll end up holding off for now. That said, we're still just in our late 30s, so hopefully we can save a little more to do it in the near-ish future.

I do find it challenging to figure out how to view it in terms of an "investment." On the one hand, most of my net worth today can be attributed to appreciation on my house, but on the other, it's impossible to know how things will shift in the future. In addition, there are a ton of other costs to consider (taxes, utilities, HOA fees, etc.) that are a pretty significant drag on the amount you can expect to make off of it.

In short, I have no answers, but if you come up with any brilliant ways of thinking about it, let me know.
I guessed late 40's on you too.

But you're very smart and knowledgeable. Nothing is off boundaries in this thread if it involves money.
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scho63 12:33 PM 07-31-2021
Originally Posted by lewdog:
I guessed late 40's on you too.

But you're very smart and knowledgeable. Nothing is off boundaries in this thread if it involves money.
Not my reason, I just think he's old and grumpy like the rest of us old farts on here! :-)
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Buehler445 12:49 PM 07-31-2021
Originally Posted by scho63:
Always thought you were late 40s early 50s. Not sure why.
Fuck that. He's a year older than me and I'm not that goddamned old!
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Bearcat 01:06 PM 07-31-2021
Originally Posted by DaFace:
I don't think there's any formal boundaries on the thread. Similar to you, my wife and I are toying with the idea of buying a cabin in the woods. We could technically afford it, but there wouldn't be a ton of wiggle room (beyond our normal savings, investments, and other spending), so I'm guessing we'll end up holding off for now. That said, we're still just in our late 30s, so hopefully we can save a little more to do it in the near-ish future.

I do find it challenging to figure out how to view it in terms of an "investment." On the one hand, most of my net worth today can be attributed to appreciation on my house, but on the other, it's impossible to know how things will shift in the future. In addition, there are a ton of other costs to consider (taxes, utilities, HOA fees, etc.) that are a pretty significant drag on the amount you can expect to make off of it.

In short, I have no answers, but if you come up with any brilliant ways of thinking about it, let me know.
I know someone trying to sell a cabin in Grand Mesa (about 90 minutes outside of Grand Junction), which sucks in that there's a lot of family history tied into it, and I'd love to buy it if it wasn't so far away.... then I heard they're looking for something like $300k. :-)

I'm sure (or certainly hope) there are cheaper cabins out there, but I'd feel like I have to be there every weekend... except there are the costs and time involved with each trip, too.

But, I'm still in tent camping mode and haven't started down the path of RV/toy hauler/truck to tow it all/cabin in the woods... there's a flow chart.
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Buehler445 01:15 PM 07-31-2021
Originally Posted by Bill Brasky:
Weíve been looking on Redfin but the HOA dues on a condo are insane. They can be upwards of $500/ month on top of the mortgage. Weíre looking in Seattle, so the competition is fierce. I love the cabin in the woods idea. We toyed with getting a vacation style property but the appreciation just isnít the same.

Weíre in the same position where our net worth is all in our house but itís appreciating at 40% yoy. Itís the best investment around.
:-)

WTF? 40%?????

Yeah, that's not sustainable. And you certainly shouldn't expect anything like that kind of a return on an investment property. That's an absurd return.

In terms of finding RE particularly homes, as investment vehicles, there are a lot of other things to consider.

Debt service is obvious, but cash flow needs to be considered too. There is the monthly shit, but it really sucks when the air conditioner or water heater shits the bed or whatever else. That really puts a cramp on stuff.

I'm not sure what you can secure for financing, but interest rate risk is a concern.

Historically the way to make money on Real Estate was through rental, which you pretty much have to treat like a business. That's the way I'd approach this if you're looking to find a return.

If you're looking for a vacation home, I'd treat it like a vacation, not an investment.

Just my $.02.
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Buehler445 01:19 PM 07-31-2021
Originally Posted by Bearcat:
I know someone trying to sell a cabin in Grand Mesa (about 90 minutes outside of Grand Junction), which sucks in that there's a lot of family history tied into it, and I'd love to buy it if it wasn't so far away.... then I heard they're looking for something like $300k. :-)

I'm sure (or certainly hope) there are cheaper cabins out there, but I'd feel like I have to be there every weekend... except there are the costs and time involved with each trip, too.

But, I'm still in tent camping mode and haven't started down the path of RV/toy hauler/truck to tow it all/cabin in the woods... there's a flow chart.
I'm still stuck on work your ass off protocol in the flow chart.

I have a cousin that has a cabin outside Colorado Springs. I can't imagine it's worth 300K.

I'm skipping the RV phase. It's just not happening. I even have a diesel pickup. There's just a culture there I'm not into.
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Jimmya 01:56 PM 07-31-2021
Quick question for you guys as we have 5 children. How many of you paid or helped pay for your kids college?
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