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Reply to "Stupid me emptied my 401k to buy a house at 42"
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[quote=Anonymous]I sold two properties, that we should have never bought, put the money into market and retired years before 50. The money I put in the market is in Roths and in investment accounts. I did all my own investing and learned a lot more than I ever did holding on to those properties. I bought a new stock on dip yesterday and it's up 6% today. The other Roth sits in cash since last week when I made 12%. Couple of percenatges every few weeks and my return is 100%. Just figured it out after most people said that it can't be done. I never had 401k offered at work in 29 years. I bet some of the money you got, was 'free money'. Nothing is free. It kept you from learning to invest on your own. You should have done only up to the match, then Roth, and then investment account hands on. I'm getting my rent lowered. Nobody talks about rents going down or squeezing yourself into smaller place for a year or two to save money. I also don't really have tax expense, because I'm HH and I make passive income. You got to avoind such mistakes going forward. You can see what that $350k would have been in 10 while renting versus your house. We sold even the last property and $250k is growing for 11 year old. We are really not into real estate, but I may have a house built abroad in 15 years. [/quote]
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