The Money Mustache Community

Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Talltodd on May 29, 2015, 03:22:48 PM

Title: Do you include your paid off residence as part of your portfolio?
Post by: Talltodd on May 29, 2015, 03:22:48 PM
There are different schools of thought on this. Choose one option mustashians. Thanks.
Title: Re: Do you include your paid off residence as part of your portfolio?
Post by: SwordGuy on May 29, 2015, 03:46:06 PM
You should only do so if you are planning to sell it and buy something cheaper - and then only for the difference.
Title: Re: Do you include your paid off residence as part of your portfolio?
Post by: Frankies Girl on May 29, 2015, 04:00:18 PM
Net worth (minus any still owed) yes, it counts. As part of my portfolio? Hell no. That's for liquid or easily liquified assets. Selling a house is not "easy" in the sense that it could take months to get the money out of it upon selling. And I wouldn't count a HELOC as part of my net worth/portfolio either...
Title: Re: Do you include your paid off residence as part of your portfolio?
Post by: arebelspy on May 29, 2015, 04:08:01 PM
Net worth (minus any still owed) yes, it counts. As part of my portfolio? Hell no.

This is the crucial distinction.

Added that as a poll option, to make more clear.  :)
Title: Re: Do you include your paid off residence as part of your portfolio?
Post by: Talltodd on May 29, 2015, 04:43:26 PM
Thanks Arebelspy. That's what I was trying to get at.