RE
Everest Re Group, Ltd.
stock NYSE

I'll never understand why people say small talk is hard
Just talk about the weather
🫵 That's small talk. You don't need to dive into politics or look for ways to start trauma dumping on a stranger.
NICE WEATHER WE'RE HAVING HUH.
Done.

Source: am in the process of unwinding a $1.8M of after-tax assets from Real Estate
This is one of those posts where given your expenses and assets and SocSec income, yes you are in great shape, even if you only clear $2.5M (as an 'unlucky' case) nothing to worry about. (Pencil math: SocSec covers $21.6K of $80K expenses leaving $58.4K shortfall, divided by ($1.1M in brokerage / IRA + $2.5M proceeds = $3.6M) equals a paltry 1.6% Withdrawal Rate. Nuts you can spend $169K per year (on top of the $21.6K SocSec or a total budget of $190.8K, or $110K/year or $9K/month more) and hit a SWR of 4.7%. (Look it up, the commonly-quoted 4% rule was adjusted upwards by the author of the original work to at least 4.7%.)
It wasn't that long ago my Real Estate exposure was almost 70% like you, and was personally managing it as well (as part of a larger group of individuals, and leave it at that regarding the particulars).
Decided it was time to cash out, and enjoy life without all the hassles, headaches, tax deductions, and depreciation. Won't be 0% RE, retaining one SFR, but simplifying in a great way. The last $300K of the $1.8M may take a few years (thank you litigation tying things up for this time) but the finish line is visible.
As far as working other jobs, you do you. I'm doing some part-time work that I choose to do - having options is great - within the context of my old full-time 'day job'. Keeps the mind active and having a job to do is a good way to 'use it rather than lose it'.

As someone working towards FI/RE because I don’t enjoy my job, 10X in net worth of pre-tax income is my benchmark to start thinking about slowing it down.
Basically getting to 10X means income growth has not been able to keep up with corpus growth, and the moment you get to 10x, then annual growth of portfolio @ 10% is equal to income.
The above image is based on net worth at the end of the month divided by last 12 month rolling income pre-tax.
All fresh money I am putting into the corpus is in mutual funds. And I feel they’re the only vehicle we need to retire comfortably.
This month the multiple is around 2.8X.
Based on the trajectory, my income growth is not able to keep up with the corpus growth. Which is not necessarily a bad thing, but it basically means incremental efforts put by me are getting slightly less worth it every month that goes by.
A downward trajectory would mean my efforts are leading to meaningful results on my portfolio.
Hoping to hit 10X within the next 10 years. Been working for 5 years now🤞

Thank you. I lost a ton of money on RE a few years ago and now I just want to keep all $$ in my bank account but I understand that's not the smartest move...hence the above arrangement for now 

Sometimes I think I'm missing out being so heavy in RE but then I see all the games that are being played with bonds and stocks and then I think maybe i should just stay put.
I saw a super hot chick at my beer store with the finest ass imaginable and all I could muster was the courage to say Hi and smile.

And 🫵 YOU. and 🫵 YOU. and 🫵 YOU.
YOU'RE GONNA LOVE ME!!!!!!!
🫪🫪🫪

scotty b under yellen: this is wrong! we're saddling our children with debt and warping the free market!
scotty b under warsh: PRINT IT BAYBEE WE'RE THE FED NOW

scotty b under yellen: this is wrong! we're saddling our children with debt!
scotty b under warsh: PRINT IT BAYBEE WE'RE THE FED NOW

Also in your analysis you point to a positive residential RE revenue. Is that forward looking? Latest quarter was still negative.

Fully funded retirement, couple of rental condos, RE lots and a lot of free time. Passive dividend income of 1.3M a year and rental incomes. Can retire anytime but I think i will be bored. So not yet.
Not much compared to those who are born rich but it's ok for me coming from very poor village in the province.

You know shit's bad when Americans are dumping dollars for literal shiny rocks. Every single asset is going up. Bessent is so bad at instilling confidence that even magic internet money is starting to move up again. I already have pretty good positions on stocks, etfs, RE, personal biz, biz inventory, ammo, and shiny rocks but it never feels enough when you see the government rack up such debts, rule of law get eroded, billionaires shifting towards private islands or space rather than paying taxes or philanthropy, government changing the rules or being chaotic, etcetcetc.
Will give them credit on being exceptional marketers to the American voter. Not sure how Trump/GOP does it but inflation and national debt don't exist aren't when they are in power but Biden/Obama/Dems get blamed for both all the time.