Anyone familiar with the "rule of 100" for seniors investing/financial planning ? (friends, wife)

[ysr_racer]

Originally Posted by cheapdad00

Darling son or dear son

You must be joking?

[reneeh63]

Originally Posted by ysr_racer

And I've bought stocks that went down, what's your point? But rental properties pay you monthly regardless of what their value does.

Trust me, in 20 years your home will be worth more. Unless you bought in a crappy neighborhood.

No, I won't trust you - you've made numerous misstatements. I hope your luck continues to hold but be ready.

[fumbling]

Originally Posted by NewbieHere

How much did you lose last year. Up 17%, down 11% last year is nothing to brag about.

The S&P 500 is up about 17% ytd and was down 4% last year, not 11%.

[leastprime]

Originally Posted by ysr_racer

You must be joking?

Of course alternative abbreviations: IS, ID, SS,

[ysr_racer]

Originally Posted by leastprime

Of course alternative abbreviations: IS, ID, SS,

My IB (idiot brother) is a PITA

Whether you look at it as an investment or not, most homes appreciate over time.

[BadgerNCarolina]

Originally Posted by ysr_racer

And I've bought stocks that went down, what's your point? But rental properties pay you monthly regardless of what their value does.

Trust me, in 20 years your home will be worth more. Unless you bought in a crappy neighborhood.

Wow, the more you post the more you expose yourself. I bought in a wonderful neighborhood, near an amazing company that relocated me there... At a bad time. It was unlucky and i probably made a mistake as we fell in love with the pool and the school district. Then, that wonderful company laid off 20% of the company (not me) at a terrible time for real estate, and the entire local market plummeted. It happens.
And what does the stock market have to do with your 3 bullet declaration about real estate in California?

[ysr_racer]

Originally Posted by reneeh63

No, I won't trust you - you've made numerous misstatements. I hope your luck continues to hold but be ready.

You're saying your home won't be worth more in 20 years? Maybe in some Podunk backwater place, but in California it will.

[ysr_racer]

Originally Posted by BadgerNCarolina

Wow, the more you post the more you expose yourself. I bought in a wonderful neighborhood, near an amazing company that relocated me there... At a bad time. It was unlucky and i probably made a mistake as we fell in love with the pool and the school district. Then, that wonderful company laid off 20% of the company (not me) at a terrible time for real estate, and the entire local market plummeted. It happens.
And what does the stock market have to do with your 3 bullet declaration about real estate in California?

And what does your primary home have to do with rental property?

[mathjak107]

i live in nyc and i owned a lot of real estate ... my stock market investments blew away our queens real estate , but manhattan did better because it was a special situation deal . it is all deal dependent ...there is nothing inherently that will make one investment better or worse

[reneeh63]

Originally Posted by ysr_racer

You're saying your home won't be worth more in 20 years? Maybe in some Podunk backwater place, but in California it will.

Ohhhhhhhhhhhhhhhhhhhhhhhh....I have to be in California? Well, I AM in a backwater according to you.

At one point, I had a home that was up 25% in 5 years....now my current home is about even after 20 years. You're not so smart if you think your crystal ball will always be correct when making real estate moves - remember that pride frequently goes before a fall, in markets and in people!