Time to make a bold move in an uncertain world.
On Friday, September 30, 2016, I sold all the stocks in my taxable accounts. Both Loyal3 and Scottrade.
Total cash after sell: 79,363.62
Buy: 6.5 acres of farmland and timber for $35,000 paid in cash.
Buy: A nice country home factory built for $50,000 (30 year loan for 1.8% interest)
- Markets are at all time high. And yes Donald Trump is right, we are in a big bubble. 22 countries in negative interest rates, everyone freaking out about .25% interest rate hike, Japan now enforcing bond yield curve not fiscal monetary policies, and the feds hinting that they would buy equities if everything went wrong? Yes, we're in a giant bubble.
- Many dividend stocks are increasing or paying more than their fcf is growing. I think we might be entering a dividend bubble soon. The hunt for yield is on.
- This is not an investment property. This is my retirement home and with a 1.8% over 30 year loan for 50k I might as well start my dream of living off the land. I could have bought land instead of timber but the trees will keep the home cool in the summertime.
- I still have 45K on the sideline. Don't count me out yet. I'm still investing for the long haul but sometimes it's best to take some chips off the table and pursue your dreams. I mean what's the point of investing if you can't enjoy it, amirite?
Long: Whatever is left in my roth.