Gilligan's Account Talk

[Gilligan]

Moving to 100% I-fund.

 

[Fivetears]

GL lil' buddy.

 

[Gilligan]

Well were over the half way point in 2008 and my TSP account has taken a direct hit and declined in value, the average person would sell the I fund shares and run back to the G fund. However the stock prices are at bargain lows right now with Fannie and Freddie to blame. The plan is to stay in the “I” for now but might move back to the S- fund. BTW, even with my TSP down, my net worth is up for the year due to real estate transactions!

 

[Gilligan]

2008 went by so fast! My TSP account took a hit, but I bought up a lot of shares at bargain prices. Real estate has been great for me this past year. My housing side is staying at 100% occupancy all year and the storage side has been brought up from 80% to 100% occupancy. I am receiving more calls from potential renters than every before. My net worth increased in 2008 because my real estate gains off set the drop of my TSP account. For 2009 my financial goal is to buy a multi family property worth over the $1 million mark that has at least 10 CAP. I have several properties that I am doing a due diligence on, while I am lining up funding. Hope that you all have a profitable 2009!

 

[nnuut]

Hi there Gilligan, long time no see!! Sounds like your Real Estate investments are really taking off, GREAT time to buy guy!! Have a prosperious New Year!!
Norman