Poll

Do you include your paid off residence as part of your portfolio?

Yes
0 (0%)
No
2 (7.4%)
Yes in net worth, no in portfolio
22 (81.5%)
Still paying down mortgage
3 (11.1%)

Total Members Voted: 26

Author Topic: Do you include your paid off residence as part of your portfolio?  (Read 1633 times)

Talltodd

  • 5 O'Clock Shadow
  • *
  • Posts: 6
There are different schools of thought on this. Choose one option mustashians. Thanks.

SwordGuy

  • Walrus Stache
  • *******
  • Posts: 6039
  • Location: Fayetteville, NC
Re: Do you include your paid off residence as part of your portfolio?
« Reply #1 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.

Frankies Girl

  • Magnum Stache
  • ******
  • Posts: 3045
  • Age: 82
  • Location: The laboratory
  • Typical Ghoul Next Door
Re: Do you include your paid off residence as part of your portfolio?
« Reply #2 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...

arebelspy

  • Administrator
  • Senior Mustachian
  • *****
  • Posts: 28132
  • Age: -999
  • Location: Seattle, WA
Re: Do you include your paid off residence as part of your portfolio?
« Reply #3 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.  :)
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

Talltodd

  • 5 O'Clock Shadow
  • *
  • Posts: 6
Re: Do you include your paid off residence as part of your portfolio?
« Reply #4 on: May 29, 2015, 04:43:26 PM »
Thanks Arebelspy. That's what I was trying to get at.