| I received a $250,000 cash disbursement, which is obviously nice, but then I'll need to pay additional taxes next month, and I estimate that liability to be about $150,000 or so.
I also sold my Porsche and am leasing a new one, so I got about $60,000 in that transaction.
Moved some money into my SEP-IRA, which is still entirely cash. Meanwhile the market has blown off to all-time record highs. Even Mila Kunis was on the teevee saying she was starting to invest in stocks ... contrary indicator?
I am looking over my "investment real estate" today. I make about 7% on the money invested, which is pretty good (i.e., rental income, equity accumulation and modest appreciation).
I keep looking for new opportunities and, while there's fewer deals, there are some decent real estate deals still out there and the market is looking promising. Indeed, its far more likely we'll see 10% appreciation from the real estate market in the next 12 months than stocks ...
But then real estate is not typically a 12 month investment ... what to do? |