Search found 8 matches

by MWONE
Wed May 22, 2019 8:54 pm
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 151
Views: 15506

Re: just a general comment about "too conservative" investors here

Grt2bOutdoors wrote:
Wed May 22, 2019 5:16 pm
yousha wrote:
Wed May 22, 2019 4:50 pm
At 80 years of age, I have 75% in equities. Portfolio is $5.7 million. Doing exceptionally well.
Within the realm of Graham's no less than 25% in bonds and no more than 75% in equities. The general comment refers to those who don't have upper 7 figure portfolios.
Amen...... :sharebeer
by MWONE
Mon May 20, 2019 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Land Appraisal
Replies: 20
Views: 1377

Re: Cost of Land Appraisal

Pricing for commercial appraisals is much different that residential appraisals. Here is your best resource for finding a qualified appraiser: https://www.appraisalinstitute.org/ MAI is top designation. Thank you for this suggestion. I ended up finding an appraiser through this organization who has...
by MWONE
Thu May 16, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Land Appraisal
Replies: 20
Views: 1377

Re: Cost of Land Appraisal

Do you believe that the county's assessment is very far off from FMV? Otherwise why not use their valuation? Yes, I do. The county assessment is 450K, I believe it can be sold for much more than that. Our assumption is the appraisal will come in much higher, therefore lowering our capital gains whe...
by MWONE
Thu May 16, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Land Appraisal
Replies: 20
Views: 1377

Re: Cost of Land Appraisal

1st & most obvious question: if you are only wanting a cost basis, have you checked with executor of estate? Many cases they have to do one & you’d likely be well served to match that. You said “recently” inherited – the appraiser should be able to give you something back to date of death & is part...
by MWONE
Wed May 15, 2019 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Land Appraisal
Replies: 20
Views: 1377

Re: Cost of Land Appraisal

That appraisal price is high if this is rural land surrounded by miles of other rural land. The price is low or reasonable if this tract is in a booming suburban area with complicated zoning rules and builders salivating for available land. You want an appraiser who primarily works in that area, no...
by MWONE
Wed May 15, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Land Appraisal
Replies: 20
Views: 1377

Re: Cost of Land Appraisal

Did you perhaps get an estimate for a survey instead of an appraisal?

Thanks for the responses. No, this is not for a survey, just an appraisal.
by MWONE
Wed May 15, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Land Appraisal
Replies: 20
Views: 1377

Cost of Land Appraisal

Hello all, My wife and I recently inherited 127 acres of land in North Carolina. We would like to get it appraised so we know what cost basis we are working with and have put out requests to several companies for an estimate. The first company came back with an estimate of $3750, which seemed like a...
by MWONE
Tue Dec 11, 2018 10:37 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 21688

Re: What Happened to you during the Financial crisis of 2007–2008

I was 42 and remember the fallout, but didn't pay much attention to it at the time because we knew we were in for the long haul. I am glad I didn't pay much attention, as it allowed me to eliminate the noise and keep maxing out our 401K. Now that I'm a bit older and closer to retirement, I have a mu...