Buying a Home, Cashing In Stock, My Returns
Woohoo, it looks like we are buying a house. We negotiated a new deal and one that I think is pretty good. To fund the down payment I had to sell off half of our portfolio. This allowed me to take a look at how good our returns were. Remember this is since beginning of February when I said I was a bull. Net return, 18.5%, which stunned the heck out of my wife and I. She said, “wow you did really well…”
What is the moral of the story? Buying into the abyss is the best buying opportunity. You need an extremely strong stomach, need to manage risk, but when the market turns it’s great. Not everything is golden with my portfolio, there are still some looser’s (GPS), but things are working themselves out.
Hello There Mr Roboto!
(the song and era says it all... http://www.devspace.com)
2 Comments Add your ownSubscribe
1. Jason | May 7th, 2008 at 6:39 pm
Where’s the house? How are interest rates in Switzerland?
We just got 5 and 7/8 on our mortgage here. I need to do a home buying update myself. We’re no longer buying the commercial property in downtown reading. We’re getting a nice residential, near a park, with some room for a family.
Congrats on the home and the nice stock returns.
2. Christian Gross | May 8th, 2008 at 1:49 am
Its near Zurich, and we are pricing interest rates of 3.5 fixed, and 2.5 variable. They are a bit higher than usual. Remember this is Switzerland though and housing is more than what you would get in other places. You could say it is comparable to buying something in San Francisco.
Ah so you did not buy the commercial property, but a residential? Yeah you should update…
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