What's a retired early middle aged to do? Want to break out of my conservative style

Submitted by shelbygeorge29 t3_yhnuyd in personalfinance

I'm 49, no debt of any kind. We own 2 houses, rental properties (all paid off) and have an okay otherwise investment portfolio. Being repaid a loan from nearly 20 years ago I never thought I'd see, but surprise, surprise the check is en route. After capital gains I should clear $180K. Meeting with my finance person next week, but don't have any fresh ideas.

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mrbrsman t1_iuerh4t wrote

Sounds like you are in a great position. Why mess with it and invite incremental risk? Leave it alone and find other hobbies/activities to invest your energy in.

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CQME t1_iufmq5x wrote

What is your spend?

Myself, I'd probably go cruising and traveling. Maybe go backpacking again like I did in my 20s. Swap over to a 4 star hotel every now and then to take a decent shower.

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yassirpokoirl t1_iug7wsd wrote

How do you manage properties in 3 different states? I am a medical resident in NY thinking of buying a house and becoming a landlord, but I will have to leave the state in 5 years once my training is done.

I don't have as much experience as you on life, bit if I were in your position, I would try to just buy more and more houses without going into debt, and travel a lot. Being a physician, I also see myself working forever, but I will start working at my own pace and conditions

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shelbygeorge29 OP t1_iugb6oc wrote

Professional property management is the only way to do it right if you don't have the skill set, then throw on top of not being local. We haven't bought any new houses in over 10 years, maybe with the cooling market that makes sense. I'm just such a boring investor.

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yassirpokoirl t1_iughi5g wrote

Nah, you clearly succeeded in your investments, and boring is great tbh. So you feel that property management for a single property could be worth it

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Many-Perception-8285 t1_iuerzde wrote

what state, how many properties and what would you advise a 30 yr old single to reach that level

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shelbygeorge29 OP t1_iueslfw wrote

FL, NY and VT. Be successful in tech sales, worked for two companies who get bought by behemoths and then marry a trust funder.

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eatingkiwirightnow t1_iufo3xq wrote

Sounds pretty straightforward to me. Thanks, I'll go do that right now!

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shelbygeorge29 OP t1_iugc2y4 wrote

I do realize my ridiculously privileged situation, and don't know if I have real advice to give.

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