Interesting post. I have about $700K in equity and just over $2.5m in property but last 3 IPs were only purchased in last two months. I've been working on my long term plan this week and originally I wanted $5M in property by 2015 (I think value counts more than quantity) and $2M in equity but I think it might be a little high.
I'm now thinking about pulling back a bit. My strategy is to start selling in 2022 (when I hit 50), living on the $$ until Super kicks in. Having reworked the numbers recently I think that I only need one more and it will be more than enough. I do NOT have children, therefore no one to leave a huge portfolio to and I'm certainly not greedy.
I have allocated a portion of my $$ in my will to animal shelters etc and would certainly like to think I can help in that area and maybe that's a motivation to build it to the original plan - simply give some to charity because we'll have more than enough for mine and hubby's needs.
I'm now thinking about pulling back a bit. My strategy is to start selling in 2022 (when I hit 50), living on the $$ until Super kicks in. Having reworked the numbers recently I think that I only need one more and it will be more than enough. I do NOT have children, therefore no one to leave a huge portfolio to and I'm certainly not greedy.
I have allocated a portion of my $$ in my will to animal shelters etc and would certainly like to think I can help in that area and maybe that's a motivation to build it to the original plan - simply give some to charity because we'll have more than enough for mine and hubby's needs.