Thread: Pyriel Account Talk

OK... I wasn't going to create an account talk because I really don't have much to give to this forum as far as strategy whether it is long or short term is concern. However, I finally created one because I needed a medium to take out my frustration with this market j/k.

Let me tell you something about me so that you may know where I am coming from. I'm 37 happily married with two kids and will retire in 11 years. I am fortunate to be on active duty in my hometown and I never have to PCS. My wife works as a guidance counselor in DODEA school. Weonly have TSP and ROTH IRA for our paper assets. The rest is in real estate. Our plan is to leave our TSP and ROTH IRA to our kids. We don't plan on touching them. We are now in a position tocontribute 15K each to TSPfor 2006 and still maxboth of our ROTH. Weplan to buy onerental house per year and to upgrade that to 2-3rental houses starting 2007. Our paper asset at this time is about 1/10th of our real estate portfolio. Aside from my retirement check (11 yearslater), we hope to have about$10K passive income every month. We are about 40% there.

I like crunching numbers when it comes to real estate. I've started buying them when the economy was down and actually survived it. So I am not worried about the economy going down again and losing them all. I have about a year's worth of emergency fund which we plan to increase to 2 years worth later. This emergency fund will pay for all the mortgage bills even though we do not get any tenants for all of our properties (very unlikely). Average return for my real estate is about 40-50% per year consistently for about three years now. My bigger property gives me more.

I also like playing around with taxes. In fact my wife and I's W4s show "Married with 10 dependents" eventhough we only have two kids. Our real estate and TSPs are off setting our income and bringing us to a lower bracket. I've also created a corporation for my real estate so that I can pass on day to day expenses such as cell phone charges, insurance, car loans, utilitiesetc. etcand make them tax deductibleinstead of them coming from our already taxed income.

As for TSP. Geezzz... This is the most frustrating part. I s**cked. I started moving around December timeframe. I am learning alot from everyone's input. I don't have a system yet to follow but I am thinking whether I really need one. Just about everyone i've seen here is an expert. However, I do know one thing. When the market drops, it will eventually go up. When will it go up is the question and that is why I am hanging around here because I am out of my league when it comes to moving paper money and tracking charts and having a system. I am relying on you guys and gals to help me out on that. I am very aggressive once I learn a system. For now, I just moved out of 100s to go 50g50f to regroup.

Regards to everyone and let's help each other out...