|
|
Joined: Nov 2002
Posts: 30,507
Campfire 'Bwana
|
Campfire 'Bwana
Joined: Nov 2002
Posts: 30,507 |
Balance of stocks, bonds and mutual funds.
Real estate, but not rentals. This.
Conduct is the best proof of character.
|
|
|
|
|
Joined: Dec 2005
Posts: 3,874
Campfire Tracker
|
|
Campfire Tracker
Joined: Dec 2005
Posts: 3,874 |
Real estate?
Better be considering that corresponding property tax burden. That's about to become the next big thing.
Bet on it. 200% agree... We bought raw land 25 years back that we couldn't really afford but made the necessary changes in our lifestyle to make it work. Received our 'new & improved' tax valuation for our place in Virginia last month for 2023. Simultaneously sold 1/5 of the acreage at 600% profit after 25 years of owning, hunting and playing on it. That will keep the tax bill at 2022 levels. The developer will be building at or near $1M homes on what he purchased from us and the adjoining property he already owned[some of which we sold him 15 years back @ 400% profit]. So now we are sitting on 60 acres yet that will adjoin those homes/lots. Might be time to sell it ALL now if the market is bearing such ROI. In my experience, more property line neighbors mean more hunters. Uninvited and unwanted. Headache.
|
|
|
|
|
Joined: Apr 2009
Posts: 3,974
Campfire Tracker
|
|
Campfire Tracker
Joined: Apr 2009
Posts: 3,974 |
Real estate?
Better be considering that corresponding property tax burden. That's about to become the next big thing.
Bet on it. 200% agree... We bought raw land 25 years back that we couldn't really afford but made the necessary changes in our lifestyle to make it work. Received our 'new & improved' tax valuation for our place in Virginia last month for 2023. Simultaneously sold 1/5 of the acreage at 600% profit after 25 years of owning, hunting and playing on it. That will keep the tax bill at 2022 levels. The developer will be building at or near $1M homes on what he purchased from us and the adjoining property he already owned[some of which we sold him 15 years back @ 400% profit]. So now we are sitting on 60 acres yet that will adjoin those homes/lots. Blacksburg/Christiansburg ain't no sleep little town no more... I hunted the Teal farms in Riner for a few years... LOL Not no more. My Granddad retired from Va Tech. He remembered 1000's of acres of mountain land East of Blacksburg going toward Roanoke being sold for taxes on the courthouse steps. Of course he didn't have any money.
|
|
|
|
|
Joined: Jan 2012
Posts: 24,231
Campfire Ranger
|
|
Campfire Ranger
Joined: Jan 2012
Posts: 24,231 |
Real estate?
Better be considering that corresponding property tax burden. That's about to become the next big thing.
Bet on it. 200% agree... We bought raw land 25 years back that we couldn't really afford but made the necessary changes in our lifestyle to make it work. Received our 'new & improved' tax valuation for our place in Virginia last month for 2023. Simultaneously sold 1/5 of the acreage at 600% profit after 25 years of owning, hunting and playing on it. That will keep the tax bill at 2022 levels. The developer will be building at or near $1M homes on what he purchased from us and the adjoining property he already owned[some of which we sold him 15 years back @ 400% profit]. So now we are sitting on 60 acres yet that will adjoin those homes/lots. Might be time to sell it ALL now if the market is bearing such ROI. In my experience, more property line neighbors mean more hunters. Uninvited and unwanted. Headache. Plan is to sell down to around 10+/- acres over the next 5-10 years. Keep the view-shed clear and eventually turn that house into an overnite rental. We both have elderly parents with health issues keeping us here currently. With the next sale we plan on purchasing a second home in Tenn which would become our 'base'.
FJB & FJT
|
|
|
|
|
Joined: Dec 2005
Posts: 3,874
Campfire Tracker
|
|
Campfire Tracker
Joined: Dec 2005
Posts: 3,874 |
Solid plan, R! Those thinking about getting into real estate investment should take heed. A clearly defined event horizon has to be a big part of the planning. It's not just throw down a check at closing time right now.
|
|
|
|
|
Joined: Mar 2010
Posts: 21,976
Campfire Ranger
|
Campfire Ranger
Joined: Mar 2010
Posts: 21,976 |
RIOT
CGC
Fidelity® Contrafund® Fund Class K
Heavily.... I bought RIOT, COIN, 2 months ago when it tanked I think energy will do good this year with inflation and Biden has to refill the spr eventually. 85, 90, 100? added to TTE, NINE, BIR:CA, xom, cvx I'm looking at more real estate if market tanks
Last edited by ribka; 01/27/23.
|
|
|
|
|
Joined: Aug 2011
Posts: 8,343
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Aug 2011
Posts: 8,343 |
|
|
|
|
|
Joined: Sep 2012
Posts: 816
Campfire Regular
|
|
Campfire Regular
Joined: Sep 2012
Posts: 816 |
Real Estate, something very tangible. especially farm and ranch land.
|
|
|
|
|
Joined: Jun 2004
Posts: 42,749
Campfire 'Bwana
|
Campfire 'Bwana
Joined: Jun 2004
Posts: 42,749 |
If things would actually go the way they should then scaffold lumber and rope.
"In the real world, think of the 6.5 Creedmoor as the modernized/standardized/optimized version of the 6.5x55/.260." John Barsness 2019
|
|
|
|
|
Joined: Jan 2012
Posts: 24,231
Campfire Ranger
|
|
Campfire Ranger
Joined: Jan 2012
Posts: 24,231 |
RIOT
CGC
Fidelity® Contrafund® Fund Class K
Heavily.... I bought RIOT, COIN, 2 months ago when it tanked I think energy will do good this year with inflation and Biden has to refill the spr eventually. 85, 90, 100? added to TTE, NINE, BIR:CA, xom, cvx I'm looking at more real estate if market tanks I added some 'utilities funds' to the mix over the past month. Bought in to ET last summer after reading about it here.
FJB & FJT
|
|
|
|
|
Joined: Jan 2021
Posts: 1,473
Campfire Regular
|
|
Campfire Regular
Joined: Jan 2021
Posts: 1,473 |
I hear human trafficking turns a buck.
Might get in on that.
Bore size is no substitute for shot placement and
Power is no substitute for bullet performance. 458WIN
|
|
|
|
|
Joined: Dec 2022
Posts: 14,653
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Dec 2022
Posts: 14,653 |
RIOT
CGC
Fidelity® Contrafund® Fund Class K
Heavily.... I bought RIOT, COIN, 2 months ago when it tanked I think energy will do good this year with inflation and Biden has to refill the spr eventually. 85, 90, 100? added to TTE, NINE, BIR:CA, xom, cvx I'm looking at more real estate if market tanks Market Summary > Canopy Growth Corp 2.92 USD +0.16 (5.98%)today Bought 100k shares of Fidelity® Contrafund® Fund Class K at 11.95 https://finance.yahoo.com/quote/CGC/
Last edited by 6mmCreedmoor; 01/27/23.
|
|
|
|
|
Joined: Oct 2002
Posts: 11,810
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Oct 2002
Posts: 11,810 |
Toilette paper and whiskey. Right now Lockheed stock would be a good bet.
Difficult Individual ![[Linked Image from i.postimg.cc]](https://i.postimg.cc/m2sf6Sr0/Screenshot-2020-09-04-5-Facebook.png)
|
|
|
|
|
Joined: Aug 2005
Posts: 9,878
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Aug 2005
Posts: 9,878 |
Keeping some money in CD's is sounding a lot better at 4-5% APR.
A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
|
|
|
|
|
Joined: Dec 2005
Posts: 3,874
Campfire Tracker
|
|
Campfire Tracker
Joined: Dec 2005
Posts: 3,874 |
Might want to wait until this week is over and done with.
Slump usually follows lackluster earnings reports.
And the FED is talking more basis points to the rate.
Creative accounting should be considered an artform.
|
|
|
|
|
Joined: Nov 2015
Posts: 1,602
Campfire Regular
|
|
Campfire Regular
Joined: Nov 2015
Posts: 1,602 |
Keeping some money in CD's is sounding a lot better at 4-5% APR. It isn't money. It is currency. A derivative of money. Except our currency (the Dollar) is a derivative of a derivative. No real money to be seen for the vast, vast majority of Dollars. In other words, we have dishonest currency. Been that way a long time...and fully realized in 1971. If you are comfortable with that, go for it! Just try not to be 100% in derivatives of derivatives of derivatives. 
USMC 0351
We know the price of everything and the value of nothing.
|
|
|
|
|
Joined: Apr 2017
Posts: 2,990
Campfire Regular
|
|
Campfire Regular
Joined: Apr 2017
Posts: 2,990 |
Stocks is the only answer currently with the fiscal crisis we are in now... And they are not really that attractive. I'm just buying a chunk of something that I wouldn't mind holding for years, and if it goes up a few points in a month, I sell it and wait for another one... Land has gone up so much that I cannot justify buying anymore - I have sold all mine in the last 2 years for obscene prices. When the music stops, you better have your hand on a chair...
"If there are no dogs in Heaven, then when I die, I want to go where they went"
Will Rogers
|
|
|
|
|
Joined: Dec 2014
Posts: 7,198
Campfire Tracker
|
|
Campfire Tracker
Joined: Dec 2014
Posts: 7,198 |
Financial whizkids...how 'bout fire resistant chicken/egg production plants? Or just fire resistant food processing plants in general. Seems like these places are tinder boxes waiting to blow up. Who knew? Or how about Nomex butcher aprons? Meanwhile the fbi is checking into the price of Taylor Swift tickets.
Last edited by flintlocke; 01/30/23.
Well this is a fine pickle we're in, should'a listened to Joe McCarthy and George Orwell I guess.
|
|
|
|
|
Joined: Jan 2001
Posts: 28,685
Campfire Ranger
|
|
Campfire Ranger
Joined: Jan 2001
Posts: 28,685 |
1Minute
|
|
|
|
|
Joined: Apr 2006
Posts: 8,769
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Apr 2006
Posts: 8,769 |
I can walk on water.......................but I do stagger a bit on alcohol.
|
|
|
|
295 members (257Bobs, 264mag, 338rcm, 10gaugemag, 338Rules, 2ndwind, 40 invisible),
1,385
guests, and
874
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
|
