Now that Rental Property Side Hustle #1 and #2 have closed and been leased out, I’ve afforded myself a little bit more breathing room. It wasn’t easy, but I finally paid off all my debts this month (courtesy of my signing bonus posting)! 🙂
Well, not quite all my debts, as I still have mortgages for all FIVE of my rental properties and TWO additional mortgages for the side hustle deals. But after paying back my partners, it sure does feel like the weight of the world has been lifted off my shoulders.
I don’t have much free cash… yet, but I used today as an opportunity to load up on more Alibaba (BABA) stock. Just like the first round, buying shares in BABA this time around is again purely for speculation on future appreciation. This particular move is not necessarily a strategy for funding early FI, but more of a complement to my rental income stream.
Investors will debate cash flow/dividends vs. appreciation all day long until the cows come home. Rather than just outright picking a side, I’ve discovered, my preference is to have BOTH (what can I say, I love diversification). I see the value in cash flow/dividends for the immediate term, and I most definitely also see the power behind appreciation for the long haul.
So, today I added to my BABA position by picking up 18 shares at $116.30/share. No bargain here… But I’m trying to keep investing as simple as possible:
- Identify stock of interest.
- Purchase as many shares as possible as free cash permits.
- Sit back and enjoy the ride.
I now own 118 shares of BABA.
I don’t need to monitor this position every day… or even every month. I’m an income investor at heart, but I will take flyers on growth stocks every now and then. We’ll see how this one plays out…
I must say, it feels good to finally have some free cash again! 🙂