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Minyan Mailbag

By

I've got plenty of room in my cave!

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Note: Our goal in Minyanville is to remove intimidation from the financial markets and encourage an interactive dialogue among the Minyanship. We share this next discussion with that very intent.

Toddo,

I put my cards on the table by selling our family home here in San Diego when the yen went sub-105. Even with a high maintenance wife and 2 babies. We're renting a home around the block for peanuts. In 6 years, our home has been a 4-bagger or 400% increase. Or if you look at the ROI on our down payments, it's like 40 times our money in 6 years. That's VC caliber. Not bragging here. Just that you can't get those kinds of returns without something being very wrong structurally. No one understands the risks out there. Scary.

I decided to do something about it. I'm not gonna have Elmer dictate my net worth.

Cheers,

Minyan Matt



Matty,

I happen to share your view that the housing market is....how shall we say, problematic? While each Minyan must make decisions that are consistent with their individual needs and particular views, I have opted to rent (rather than own) my NYC apartment. I have also made a conscious effort to have zero debt--something that Ruby taught me at a young age and I've followed my entire life. I understand that many aren't afforded the luxury of choice but as always, I can (and will) only share my process with hopes that it adds to yours.

Thanks kindly for the email and have a fantastic weekend.

Toddo

R.P.

No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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