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Originally Posted by dale06
Balance of stocks, bonds and mutual funds.
Real estate, but not rentals.

This.


Conduct is the best proof of character.
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Originally Posted by Raeford
Originally Posted by CashisKing
Originally Posted by WTM45
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.

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Originally Posted by CashisKing
Originally Posted by Raeford
Originally Posted by CashisKing
Originally Posted by WTM45
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.

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Originally Posted by WTM45
Originally Posted by Raeford
Originally Posted by CashisKing
Originally Posted by WTM45
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'.


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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.

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Originally Posted by 6mmCreedmoor
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.
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Food
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Real Estate, something very tangible. especially farm and ranch land.

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If things would actually go the way they should then scaffold lumber and rope.

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Originally Posted by ribka
Originally Posted by 6mmCreedmoor
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.


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I hear human trafficking turns a buck.

Might get in on that.


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Power is no substitute for bullet performance. 458WIN
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Originally Posted by ribka
Originally Posted by 6mmCreedmoor
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.
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Toilette paper and whiskey. Right now Lockheed stock would be a good bet.


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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
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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.

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Originally Posted by centershot
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. smile


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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...


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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.
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Land, oil, lithium


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I can walk on water.......................but I do stagger a bit on alcohol.
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