So, how are your investments doing?
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Location: Western Hemisphere
Posted on: 24-11-09 15:47:26
If you are bored and decide to find out your net worth, would you or do you include principal residence in the calculation? Why or why not?
And if you do, do you consider the market value or purchase price as the asset value?
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Dimple2001
If you are bored and decide to find out your net worth, would you or do you include principal residence in the calculation? Why or why not?
----Yes !! because House/Principal Residence is also an asset ...
And if you do, do you consider the market value or purchase price as the asset value?
----Market value because thats what you will get if you liquidate today and not what you bought it at (upper or lower) .. This is called money to Market valuation or (realistic valuation) ...
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We will find a way or we will make one
To be conservative, you could use the municipal property assessment value.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
I want to share an interesting blog post that I subscribe to.
It is a good read, helps undertand why investors make or loose.
It is not much to do with the type of your investments but about your personality.
The principles of faith, discipline and patience come in play.
Here read is the link: http://www.milliondollarjourney.com/3-principles-of-successful-investors.htm
Enjoy!
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Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/
Location: carl sagan's universe
Posted on: 24-11-09 23:59:22
thanks for the post Amit. I cudda told you this too. investment as opposed to trading or momentum investing(which is also good, if you know what you are doing.). Investment is a long term horizon. I have money in Templeton's flagship fund since 1982. A $10,000 bonus invested then has grown substantially till today.Also have investment in properties since the 80s. Great stuff!
As mentioned before in trading 11% make money, 10 break even and 79% lose.. But still people trade.I do too and have made money and pull out. Over the years I have learnt that discipline. I have let fear overcome my greed. In the beginning I used to lose when trading because I got married to the trade. Now everytime I make money I pull out because the fear of losing if I hold on too long takes over my greed to hold onto my winning steak and heck I make money thataway.Let fear overcome your greed, which doesn't mean that you fear so much that you don't wade in.
But then since it comes from a person named Lachman, for the Indians, he's a ch#tia, but if it comes from Ed Rempel, even though Lachman can put him in his left pocket, he's a wonder.Naam ka hisaab kitaab hai.
But then to the wider community, it doesn't matter if you are Lachman or Ed so long as you make sense.
Benjamin Tal is considered to be a whiz to the wider community but within his own community, they think he has really pulled a fast one over the wider community.
Same with Ralph Nader, respected by many, but the Lebanese don't think much of him.
Let me ask you, if Baba Kalyani made a comment on the financial situation and direction of the world and Steve Forbes made a contrary comment- who would you be more likely to believe? And Baba Kalyani can put Steve Forbes in his left pocket. So can the DLF guy. But who would you believe, if the opinions were contrary?
Anyway, now we go to the philosophical.
Location: Western Hemisphere
Posted on: 25-11-09 08:53:18
Amit and investpro. Good feedback. I tend to believe in long term with patience and faith and hence I am for the long run as well...some of them dated back to 1998 (not as far as back as investpro...maybe 'coz I am not as old as investpro either...he he). Hopefully, I won't need these long term investments until I retire, hence hoping to have these grow decently.
Lately, I got into the "discount broker day trading". Even that, I plan on sticking to buy and hold strategy with an objective to diversify little bit more, considering I have sumptuous mutual fund portfolio. With that in mind, I plan on gambling 50% (I feel I can afford and have that itch) while the rest will be in growth & income stocks. Whether I win, lose or breakeven...will let you know in about 11 years 
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Dimple2001
Location: Western Hemisphere
Posted on: 25-11-09 09:00:23
Quote:
Originally posted by Smiley
If you are bored and decide to find out your net worth, would you or do you include principal residence in the calculation? Why or why not?
----Yes !! because House/Principal Residence is also an asset ...
And if you do, do you consider the market value or purchase price as the asset value?
----Market value because thats what you will get if you liquidate today and not what you bought it at (upper or lower) .. This is called money to Market valuation or (realistic valuation) ...
Just for argument sake, there are 2 people with each $200k net worth. "A" has $150k in the form of property (and living in Windsor where it takes 3 yrs to sell a house) while "B" has only $30k in property. Isn't B with higher liquidity asset in a better position? Hence, considering property in the assets may be skewed, if not wrong?
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Dimple2001
