The deed is done ...
Jun. 15th, 2012 08:44 pm![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
writerspleasure.livejournal.com posting in ![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
therightfangirl... and I liquidated our every position in equities toward the end of the day.
For the first time since 2001, we're entirely ex-equities.
(As a testament to the madness of our fiat currency, some of the assets were passed down through family from 1950 and before - and we're having to pay capital gains on the non-real, i.e. paper, gains created by inflation. Absolute injustice. Capital gains taxes should immediately be applied only to *real* gains, not nominal.)
Anyway, it feels wonderful to be out of the moribund and into the realer world. We just looked at rental properties in a solid area of the state - to own free and clear.
The future just started to look a lot brighter.
Next big step: buying rental property, then developing the farmland for real - out of cashflow!
For the first time since 2001, we're entirely ex-equities.
(As a testament to the madness of our fiat currency, some of the assets were passed down through family from 1950 and before - and we're having to pay capital gains on the non-real, i.e. paper, gains created by inflation. Absolute injustice. Capital gains taxes should immediately be applied only to *real* gains, not nominal.)
Anyway, it feels wonderful to be out of the moribund and into the realer world. We just looked at rental properties in a solid area of the state - to own free and clear.
The future just started to look a lot brighter.
Next big step: buying rental property, then developing the farmland for real - out of cashflow!
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no subject
Date: 2012-06-16 06:53 am (UTC)Now if only I could convince my husband to sell all of his assets and get out of the stock market now...
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Date: 2012-06-16 07:17 am (UTC)We're concerned about the collapse of the Euro - the Greek elections are a concern, along with the zombie banks gobbling up more fiat currency - but also, stocks are just moribund. Time for something real!
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Date: 2012-06-16 08:07 am (UTC)no subject
Date: 2012-06-17 06:25 pm (UTC)no subject
Date: 2012-06-19 08:37 am (UTC)no subject
Date: 2012-06-17 10:48 am (UTC)no subject
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Date: 2012-06-18 01:22 am (UTC)no subject
Date: 2012-06-18 06:42 am (UTC)