How the hell are we supposed to retire?

Patrick said:
VWEAX or MHCAX

let them do the work for you 6+%
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As an aside - the price of the funds fluctuates, but the monthly interest/div payment has been very consistent.
I've been in vweax as the bond portion of my portfolio for 10 years, and mhcax the 10 years before that (i switched to vanguard)
Not unhappy at all with the results - and the avg price per share using reinvesting.

I'll now be taking out that dividend monthly - cause retired.

I'm also in a NJ/US tax free bond fund - VNJUX - post tax, currently about 3.4% annual yield paid monthly.
 
Patrick said:
As an aside - the price of the funds fluctuates, but the monthly interest/div payment has been very consistent.
I've been in vweax as the bond portion of my portfolio for 10 years, and mhcax the 10 years before that (i switched to vanguard)
Not unhappy at all with the results - and the avg price per share using reinvesting.

I'll now be taking out that dividend monthly - cause retired.

I'm also in a NJ/US tax free bond fund - VNJUX - post tax, currently about 3.4% annual yield paid monthly.
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Bond fund is less fun then hunting for interesting junk bonds. And if you're in a fund you don't hear a company in the news having issues and the excitement of seeing if their bonds are in your portfolio.

Maybe excitement isn't the right word.
 
Santapez said:
Bond fund is less fun then hunting for interesting junk bonds. And if you're in a fund you don't hear a company in the news having issues and the excitement of seeing if their bonds are in your portfolio.

Maybe excitement isn't the right word.
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I have to be able to nap in the afternoon......
 
Santapez said:
Bond fund is less fun then hunting for interesting junk bonds. And if you're in a fund you don't hear a company in the news having issues and the excitement of seeing if their bonds are in your portfolio.

Maybe excitement isn't the right word.
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I don't want fun, I want stable (diversification).
 
Patrick said:
As an aside - the price of the funds fluctuates, but the monthly interest/div payment has been very consistent.
I've been in vweax as the bond portion of my portfolio for 10 years, and mhcax the 10 years before that (i switched to vanguard)
Not unhappy at all with the results - and the avg price per share using reinvesting.

I'll now be taking out that dividend monthly - cause retired.

I'm also in a NJ/US tax free bond fund - VNJUX - post tax, currently about 3.4% annual yield paid monthly.
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Congratulations.....
 
Santapez said:
We're due for a RE correction aren't we? 🙂
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Definitely overdue.

House 1 block from me, about the same size as ours. 4bd, 2ba 1,456sqft on a 7000sqft lot, $399k, sold for $435k in a week.

Our block, next street over, house with a double lot sold last year for $299k. Buyer jack hammered the screened in porch off to sub divide the lot. Wedged a 4bd, 3ba 2500sqft house on the 7000sqft lot and sold for $550k in Oct '23. June '24 it went on the market for $618k, price has been dropped to $605k. Let's just say this is not a neighborhood where even $500k is reasonable.
 
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JDurk said:
Definitely overdue.

House 1 block from me, about the same size as ours. 4bd, 2ba 1,456sqft on a 7000sqft lot, $399k, sold for $435k in a week.

Our block, next street over, house with a double lot sold last year for $299k. Buyer jack hammered the screened in porch off to sub divide the lot. Wedged a 4bd, 3ba 2500sqft house on the 7000sqft lot and sold for $550k in Oct '23. June it went on the market for $618k, price has been dropped to $605k. Let's just say this is not a neighborhood where even $500k is reasonable.
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Yeah, but we're still way behind with housing stock. Overall that's going to stick with us for awhile.

I think what we're seeing is not a correction in actual sale prices, we're seeing a correction in asking prices. People are shooting for the moon on asking prices and the houses aren't selling.

I still have my emails from my realtor for when I bought my house with my filter and I'm now getting a lot of emails for houses that are going on the market 50k+ over my filter and I get the email once the house price drops into the filter.
 
Prices have been cooling overall in the US. Though the burbs are still really hot, Jersey inventory is still low and the NYC money is still jacking up prices. They're after move in condition places or complete knock downs. Days of chasing after shitty properties are over, people are less desperate. Brick Twsp is always a good gauge for NJ real estate. Inventory is low but pricing has cooled with longer DOM and less over bidding. Priced right and good condition homes will always bring top dollar. Such is the case with my former neighbor, 100k above asking and sold in 4 days.

Also I don't see a dramatic price correction. Home prices haven't gone up much in the last 20 years prior to the pandemic. Maybe different at your town, but it's been the case for where I've lived or been looking. Currently,50 NJ towns have houses averaging over $1M and it's going to stay that way. Even the millionaire tax isn't driving away buyers anymore.
 
Carson said:
Gotta be. REIT more about commercial and rental and rates and stuff I don't know about.
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When the cost of borrowing goes down, an equity reit has less interest expense. That means more funds from operations, which means, all else being equal, dividend payments (and usually the stock price) will increase. It has nothing to do with whether homes in your neighborhood are overpriced or not.
 
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w_b said:
When the cost of borrowing goes down, an equity reit has less interest expense. That means more funds from operations, which means, all else being equal, dividend payments (and usually the stock price) will increase. It has nothing to do with whether homes in your neighborhood are overpriced or not.
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Thank you. I read a few articles and still didn't retain much other than "it's a good time".
 
JDurk said:
Definitely overdue.

House 1 block from me, about the same size as ours. 4bd, 2ba 1,456sqft on a 7000sqft lot, $399k, sold for $435k in a week.

Our block, next street over, house with a double lot sold last year for $299k. Buyer jack hammered the screened in porch off to sub divide the lot. Wedged a 4bd, 3ba 2500sqft house on the 7000sqft lot and sold for $550k in Oct '23. June '24 it went on the market for $618k, price has been dropped to $605k. Let's just say this is not a neighborhood where even $500k is reasonable.
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But you're right next to a neighborhood where 500k might get you a shack. You're probably getting the folks that want to be in that area but not pay double for it.
 
Mahnken said:
But you're right next to a neighborhood where 500k might get you a shack. You're probably getting the folks that want to be in that area but not pay double for it.
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The prices in Haddon Heights, where I grew up and all my family still lives, and Haddonfield are even crazier. Property taxes are definitely doing their job of keeping the riff raff out.
 
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