Am I stupid for selling my car which I paid in cash, to buy an investment property? I also have stocks I can sell, but I’d rather keep those and sell a depreciating asset. My only thing is I love that car, but also with the profit from an investment property I could get a better car in the future.

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Not at all. One is a depreciating asset, the other will appreciate and earn you revenue.

Smart play.

likesmart

Naw man. That's a good choice. Who knows, later you maybe able to get that car that you want and keep your investments untouched. It's always a good choice to make positive moves for the future.

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With extremely few and specific exceptions, your car is worth as much as it ever will be, whereas your stocks can go up (eventually in this economy? 😅)

Just ensure you’ve done your due diligence in the property and it doesn’t turn into a money pit and a financial liability.

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How expensive was your car?

I did the same thing two years ago. We bought a 4 unit apartment building.

I miss the car (Audi S4), but I also check my retirement account on a regular basis and know we will be okay in a few years when we retire.

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