At the moment our big concern is the rental investment property - still no new tenants (after six months!) and no reasonable offers to buy the property although it has been listed for nearly three months. While I can simply fund the $2000 per month rent shortfall by drawing down on my portfolio loan account (which is secured against our equity in the two properties), it isn't a good idea to capitalise debt (a bit like only paying the minimum on a credit card each month - something I've never done).
Meanwhile I have some more repairs to do on the investment rental property - making the balcony more presentable by screwing some marine plywood panels on top of the existing decking, and giving it several coats of decking finish.
* the Stocks figure is portfolio value - margin loans. As my portfolio value (and margin loan debt) is around $500,000 relatively small movements in the stock market produce huge percentage swings in the net value of my stock portfolio each month.
Subscribe to Enough Wealth. Copyright 2006-2012