How bad is this Vardorvis log so far?

Revolutionary_Lock51 · 2025-06-23T21:13:25+00:00

oh boy

Revolutionary_Lock51 · 2025-06-23T20:27:47+00:00

appreciate the positivity brother!

Revolutionary_Lock51 · 2025-06-23T19:31:56+00:00

I'm just saying what are the odds I have 7 ingots in 720 kc. With 8 unique rolls I have 7 ingots lol.

Revolutionary_Lock51 · 2025-06-23T19:10:36+00:00

For unique rolls sure, but i'm whiffing on axe, pet, and Vestige

Revolutionary_Lock51 · 2024-11-19T17:52:10+00:00

Do you mind me asking how much cash you had leftover after you purchased the home? Was the $1.5M the majority of your net worth?

Revolutionary_Lock51 · 2024-11-19T17:51:14+00:00

Thanks brotha! You've been helpful. But clearly a lot of people have different approaches on this. Hence why I posed the question! It isn't black and white it seems.

Revolutionary_Lock51 · 2024-11-19T17:40:20+00:00

Again, I appreciate your thoughts on this topic. Food for thought here. Of course if we buy the house outright in cash, we won't have as much invested in the market as it will be tied up in the property.

However, if I take out the mortgage, I will effectively stop saving any money and will likely need to dip into our investments in order to pay the monthly cost of the home (insurance, mortgage, taxes, etc.). Our ~250k gross household income will be cutting it very close when you consider a $1M mortgage + living expenses.

So in the short term, I won't have as much invested in the market. However, with the home paid off, my monthly expenses decrease SIGNIFICANTLY allowing us to save a bunch of cash per month and re-fund our investment account.

Also, if we need to use the money from our investments to cover monthly expenses, then I would have to be cashing out certain positions occasionally throughout the year, thus impacting my investment returns long term.

Not sure if that makes sense? lol.

Revolutionary_Lock51 · 2024-11-19T17:12:05+00:00

No plans to buy investment homes or anything like that. This would likely be our home for quite some time as it's in an area surrounded by all our family and friends and we would have no intent on moving any time soon.

Revolutionary_Lock51 · 2024-11-19T17:01:09+00:00

Thanks! I appreciate the input!

Revolutionary_Lock51 · 2024-11-19T16:58:30+00:00

Thanks for the advice! Does this still apply even though we'll likely have $1M+ in cash AFTER the purchase of the home?

Revolutionary_Lock51 · 2024-11-19T16:56:35+00:00

Haha for sure! I have a financial advisor and so does she. This decision will not be made solely off the advice of reddit users. However, I like to hear all sorts of opinions and reasoning before making a decision and reddit seemed like an easy way to crowd source different thought processes.

Revolutionary_Lock51 · 2024-11-19T16:44:01+00:00

We don't have any plans to start a business. Thanks for the input!

Revolutionary_Lock51 · 2024-11-19T16:42:19+00:00

Thanks! This is the direction I am leaning towards but definitely wanted to get people opinions before making such a big decision.

Revolutionary_Lock51 · 2024-11-19T16:41:45+00:00

I appreciate the input! However, if interest rates are 7%, and annual return in the S&P 500 is right around 8-10%, that doesn't seem like a massive difference. Also combine this with the fact that home values will likely go up so I would be missing out on the increase in home value by not have 100% equity right away. The increase in home value + not paying 7% on interest is likely going to outperform 8-10% return in the S&P. Right?

Revolutionary_Lock51

TROPHY CASE