2017- An Eye to The Future
It is 2017, and we are cautiously optimistic about the new year. The last few weeks were full of Christmas preparations and a trip to visit family out of state. While this winter has been unseasonably warm in Florida, with temperatures rising into the 80s Fahrenheit most afternoons, I was shocked to notice that the temperature was consistently above 50 degrees Fahrenheit on our recent trip to the Midwest. I hope this doesn’t mean we are in for a whole summer of hot and dry weather…….
2016 was a decent year, though it was turbulent and full of change. I left my traditional engineering job, and we took to the road. Regular read will recall our three trips (part 1 is linked HERE) totaling 12,000 miles and four months during the spring and summer. Good times, but not likely to be repeated in the near term. My father and I also took the Little Man on two father/son/grandson trips this year, which were outstanding. Mrs. IS decided to go back to work early this fall, and is doing a phenomenal job so far. Partially because of her new job, we made the decision to sell our house…….
We are very excited about 2017, and it is starting off with a bang. First off, our house is under contract. Yeah! The housing market in Florida is notoriously boom-bust. Our current house is located in a bedroom community away from the decent paying jobs. As a result, the booms are muted and the busts are exaggerated. The housing market has been hot for the last 9 months, and we wanted to capitalize on that activity. The market actually feels like it has been cooling a bit over the last couple months. I don’t know if it will continue, but I know we’ve been ready to move for a while. More and more of our lives seem to be centered in this area about an hour from our current house, so we’re looking to move there. Selling the house doesn’t look like it will be a problem. This market is hot. How hot? Our neighbor sold for full asking price before the sign even went up in the yard. We were under contract after 2 days, 9 showings and two offers. Yay! Time to move on with our life. Next up, where to live………
There are many things we are looking forward to in 2017. Going chronologically, closing on the sale of our house comes first. Next up will be the Berkshire Meeting Mafia meet up. No we aren’t a “mafia” in any sense of the word, but 2016’s weekend was so much fun…..we decided to do it again. (Thanks for including us guys.) We’ll have a roadtrip this summer, but it will probably only be two or three weeks long. In the fall, I’m looking forward to two events. FinCon 2017 is in Dallas, and I’m looking forward to finally attending. Denver Startup Week is in Denver, Colorado, and I’m looking forward to attending for the first time. These activities, with a few camping trips…..a little work…..and a lot of family time……makes 2017 look like it will be an exciting year.
2016 Portfolio Wrap Up
Our investment portfolios rallied along with the market in 2016. Our performance was hampered by the large amount of cash that we were, and for that matter continue, holding in the portfolios. On the whole, our portfolios returned 3% in 2016, after costs like taxes and commissions. In the coming weeks we’ll publish a post about potential investments we see in the coming weeks, and our other plans for the year. We’re excited for 2017, and it looks like it will be a great year.
Will you be attending either FinCon17 or Denver Startup Week, this year? Any pointers for the rookie?