Originally posted by big e
They are indeed impressive sums and I really do wish you the best with your investment.
I have even heard of people doing cruises one after the other and staying occasionally in hotels between cruises. To them they have nothing to cook, clean, maintain or no gardening at all.
If it suits them perfectly and if they can afford it by not owning a home or have investments to pay for their life style why not?
Not sure that I could get much for that price in my area in rental and I do like to live comfortably given that we only get one go at this gig called life.
I'm the opposite to a hoarder and at my age, in my 70's think less is best.
Different horses different courses.
You have given others something to think about.
Of course I will take a close look at my chart for VRX.
Just not for me.
Less is best, I 100% agree, I had boats and cars and lots of investment properties, culled the lot, still have three cars but my sons have two and I have one, there is nothing worse than being tethered down by collections of junk, what I have found is that money fixes all issues, you do not need to own a house, I could go and stay for a year in the Hilton if the need arose, but that it a waste of money. I will take renting with a fat bank account over a mortgage any day. It’s only when one goes against the conventional sheep that one can see the true freedom of not being possessed by objects that tie you down. I remember paying off a house in my 20’s when interest rates went to 18% on a house that cost $88,000 and of that was a $50,000 loan, the repayments through that period was more than I had working two jobs. The stress of that time was unimaginable, never again have I been put in that position, looking back I should of not bought the house, should of rented and gone into dividend paying stocks. I first started investing in stocks when I was nineteen and thus had an idea of the market through those times. I’m 57 now and am having an excellent time without the crazy stress that people tend to bathe in trying to obtain objects at great personal sacrifice. People in their twenties need to think out a long term strategy to make serious, as in rude amounts of money instead of making the banks so much money over so many years. If I had a choice to go back in time to pay off a house or invest in the stock market I would live in a tent to play the market as the outcome from smart investing really pays off big if you have a good head on your shoulders. I’ve educated one of my sons to invest and in three years his portfolio is worth well over $500,000 maybe more, and he rents!!! So there is case history there, another one has been at University and is poor as a uni student, I will have to give some help there, I’m still working on the third one, see what happens. I would love to be an investment adviser but as I do not have a licence then I cannot, it’s just a story of myself and my own humble opinion.
