03/06/2021
The market is holding strong despite some inflation jitters as the economy starts to show signed that it's about to take off like a rocket.
We continue dollar cost average into the market as it bounces around 30k. However, we are ready to add more to our equity position if the opportunity arises.
We have lots of cash on the sidelines (about 400k) - some of which we accumulated as we regretfully lowered our equity position in 2020. If we see a decent dip in the market we will look to go the other way - putting some of our cash reserves back into equities for the long term.
We are a little sadden with some of the moves to cash we've made over the years. Without a doubt we'd be sitting well over $2M in assets at this point if we had just let well enough alone.
The never ending brutality on the job front has us eyeballing the Gulf Coast on Zillow like never before. Sadly, we aren't alone in those pursuits, as we've watched a dramatic uptick in real estate prices, due in part to a mass exodus from cities and incredibly inviting low rates. As a couple that hates debt and wanted to pay cash for our retirement home it's a losers game.
We'll need to shift our mindset when the time comes - holding onto most of our cash and taking a sizeable loan. We'll likely do better with our cash in the market than we would paying down a loan.
Alas, while we dream about what's next, we are still a good four or more years off, as we wait for our daughter for graduate from High School.
To prep for what's next, I'm starting to put my feelers out for a new career. I'm about to sign up for a Quick books class, and have an in family friend who has an accounting business. I have a knack for spread sheets and numbers, so on the surface this looks like it might be a good path.
More to come... |