Tax... not loss harvesting... gain avoidance?

[auggie1983]

Just that if you wanted say 60K allocated to S&P and wanted to maximize Roth space you could have 40K cash in taxable/401k and 20K in UPRO/SPXL in...

[auggie1983]

don't draw on your retirement funds. utilizing pledged asset lines (schwab, m1) and leveraged etfs in roths to effectively increase roth contribution...

[auggie1983]

I would add inflation to the rule of thumb. 25 x spending x (1+ inflation)^(number of years to retirement). Closer to 4.8mil at 2.5% inflation in 10...

[auggie1983]

What's your discretionary spending, planned age of retirement, and planned retirement spending?

Saving $8k/month is after your retirement...

[auggie1983]

Then there are the patients with none of their own med lists… Just watch them crash when all the meds the EMR says the patient takes are actually given...

[auggie1983]

Typically after your 2 year guarantee you will be forced on production anyway or your ‘guarantee’ will suddenly drop if you’re not producing your...

[auggie1983]

honestly sometimes those bad reviews of won't refill my pain medication, won't fill out my disability paperwork are more helpful than hurtful

[auggie1983]

With that logic, fixed rate long term debt is king (discounted cash)

[auggie1983]

Starting at 0 growing 7% annually with 10k/month contributions it takes about 8 years for a 10% downswing to equal a year of contributions....

[auggie1983]

There’s mortgage calculators out there, for instance: https://www.mtgprofessor.com/calcula...ulator9ci.html

Generally the longer you...

[auggie1983]

Surprised that there haven't been harsher responses. 600K in assets, likely at least 150K/yr in discretionary spending. x25, x (1.02^20 for 2% inflation...

[auggie1983]

Yea you can rent the rooms of the house to other residents/tenants, you get a ‘low’ cost home ownership education, if you take an attending position...

[auggie1983]

There’s some red flags in this post. Doesn’t sound like you’re 100% sure on your plans for work/live, if you bought 0 down but have paid down 90k...

[auggie1983]

2m high side, 900 low side

[auggie1983]

FFGCX tries to gain exposure to commodities through commodity focused stocks. Just fyi if they are rolling futures there may be periods where a large...

[auggie1983]

From the posts it sounds like you’d be better off just buying a REIT ETF for diversification and calling it a day. I think a lot of the benefit from...

[auggie1983]

https://www.youtube.com/watch?v=CEeqCbEFIJw...

[auggie1983]

You think tech overpriced like ARKK tech or QQQ or all of the above?

[auggie1983]

Any suggestions for a resource for 1031s to a NNN as an end strategy?

[auggie1983]

No reason to use sso, just use less upro. Same expense ratio

[auggie1983]

I often wonder whether posters on this site would make for the worst patients, airbnb guests and so on......

[auggie1983]

Pure cashflow has a few interpretations and is dependent on several variables (you could have great cashflow if you reverse mortgage, ha). what’s your...

[auggie1983]

Also 100K net... not sure if you meant net or revenue. What is your cap rate... I believe top STR cap rates are maybe 12%, so I think you might either...

[auggie1983]

1. I would think that depends on what you are calling income in your plan. Not sure it really matters. Would think a more helpful budget would be "plan...

[auggie1983]

Yea just seems like a really weird way to say this. I always assumed NW was assets minus liabilities. Makes me think if poster held 1 call option on...

[auggie1983]

Am I missing something? I don’t understand this statement...

[auggie1983]

You can get a loan estimate from better.com or the other online sites pretty easily and show that to your lender and have them try to match....

[auggie1983]

Rate needs to be locked. Prequals are pretty worthless. A single rate doesn’t give the whole picture, there’s points, rebates, etc

[auggie1983]

Yea I mean it seems like you are just advocating for an annuity

[auggie1983]

It's hard to rebalance your house. Low rate bonds do not perfectly correlate with housing prices.

[auggie1983]

Yea... I wouldn't buy the house you think "you will want to live in in 10years" now because I think that real house will look a lot different....

[auggie1983]

+1 on the index fund path, but if single may want to consider getting a 3bed/2bath (basically an easier to turn commodity than an MD home) that you might...

[auggie1983]

I think taxable accounts are underrated...

[auggie1983]

Is that 1million occurrence 2mil aggregate? And then 5mil commercial umbrella, and then personal umbrella? Are there guidelines/rules of thumb for how...

[auggie1983]

Would just invest it as normal according to your IPS and draw on it as a pledged asset line (Schwab, M1) for larger expenses

[auggie1983]

Maybe it will surpass inflation, but will it surpass LTCG? Doubtful...

[auggie1983]

NTSX is great. I look at what I want my retirement allocations to be and then work backward, same relative allocations, different total exposure relative...

[auggie1983]

Don’t prepay

[auggie1983]

Re: refi, I don’t really foresee you getting a better rate than 2.7 when this is all said and done especially with cash out (tends to be 0.25% more...

[auggie1983]

Is there a due on sale clause exclusion if property is transferred to a revocable trust? What it revocable trust owns LLC that holds the property?...

[auggie1983]

I've heard that for years......

[auggie1983]

No, you get a step us basis at death. Heirs can sell tax free and pay off loans if wanted

[auggie1983]

Don’t have to be Uber rich. Schwab <2%, M1 2%, fidelity 4%…

[auggie1983]

Yea I've started seeing tax deferred as more bonus depreciation. Nice to have with a high taxable year, but at some point LTCG taxes are going to be...

[auggie1983]

Got it, thanks. A problem I've always dreamed of having. Taxable grows much larger than tax sheltered and there's only so much tax sheltered $ to c...

[auggie1983]

If my IPS calls for me to rebalance, and I would need to sell a decent amount of QQQ incurring cap gains in a taxable, still in accumulation phase of...

[auggie1983]

Factor in an additional 40% in overages and 40% more time to build

[auggie1983]

ohm apy 7000+%

[auggie1983]

I use options for leverage, when needed, when cheap. You can get 5-8x leverage on GLD for less than 2% implied interest, there aren’t great levered...

[auggie1983]

If you want to know how well covered calls really work, look at qyld vs qqq, terrible returns both relatively and risk adjusted

[auggie1983]

Just because the bull market has been great or we have had above average returns doesn’t mean we are due for a big correction. We could start chugging...

[auggie1983]

Yes, most dot.com and tech companies start with negative earnings. The QQQ marches upwards with stops and starts. Should you take the $15/hr job or...

[auggie1983]

You keep saying hubris. Isn’t hubris assuming you know more than all the monetary policy ‘experts’?

debt does not always equal risk....

[auggie1983]

Read Homo Deus after reading Life 3.0, like Homo Deus so much I read Sapiens. Thought Homo Deus was way better. Thought life 3.0 was best but not exactly...

[auggie1983]

https://www.richardhughesjones.com/y...ri-capitalism/

[auggie1983]

You should read the "capitalist creed" chapter in Homo Deus, by Yuval Harari. Credit/debt is a promise for future increased resources/spending/production....

[auggie1983]

Thanks... $500 child + $500 gift? or $500 only from child?

[auggie1983]

If a child has $500 earned income for the year, how much can be gifted to them for a contribution to a custodial Roth? By how many people? Can each parent...

[auggie1983]

can't children be gifted money to fund a Roth? the equivalent of what they have earned/contributed? So maybe your child only earns $500 and contributes...

[auggie1983]

Do you want to have a kid friendly rental? Maybe pay them to stay 24 hours, see what needs to be child-proofed, etc. Friends and family could gift match...

[auggie1983]

Tax free wealth, fortunes formula, lifecycle investing, signal and the noise

[auggie1983]

Yes exactly not the easy passive 12+% returns pitched on this syndications!...

[auggie1983]

"It's not uncommon to have an average annualized return of 12-16%" - real estate syndication = ok great let's pitch this trash
"It's...

[auggie1983]

Yea I don't know why real estate syndications and all other sorts of this BS gets pitched repeatedly, clearly someone is benefitting, if we only had the...

[auggie1983]

"several generations of investors who have never lived through significant inflation" -> so maybe government/economists who don't know what...

[auggie1983]

How do the grow borrow die folks or those approaching retirement without future contributions coming in do it then? If your equity portion keeps growing,...

[auggie1983]

“Lock in gains”… let’s say my SPY spikes, and I need to ‘sell’ 100 shares to rebalance to my desired allocations, plenty of cash in account...

[auggie1983]

It doesn’t get ‘paid back’, that’s part of the basis of MMT, and why Bitcoin is such an affront. Production, technology and AI will continue to...

[auggie1983]

what is the zillow ibuying cluster telling us?

[auggie1983]

bonds : portfolio :: vti:equity. adds portfolio diversity, lessens return, increases risk adjusted return. if you want more risk more return, add leverage,...

[auggie1983]

Line of credit against investments (pledged asset loan), interest deductible, easy

[auggie1983]

Well sure if SPY drops 34% in 1 day then your UPRO position is toast, you've still got 100K cash. 1. what are the odds of a 34% drop? 2. if you say...

[auggie1983]

Let's say you have 100K in student loans @3%, 300K in the market, let's just say SPY to make life easier. What would be the issue with using leveraged...

[auggie1983]

As in near 100%. Money weighted (which is what IRR is) tries to relate the return to the amount of money invested.

[auggie1983]

Money weighted vs time weighted. If invested $1 Jan 1 market went down 50%, invested $1k dec 31 and and market doubled to finish back even after this...

[auggie1983]

Yea, I would like to think that's the case, I got close-ish at one point, lender wasn't taking off other loans in calculating DTI even though the properties...

[auggie1983]

Was actually wondering what to do with rental properties when max out debt to income levels for conventional loans. I think with rates as they currently...

[auggie1983]

Yes. Boils down to primary home should not be regarded as an investment. If you want to be a home owner and can afford to be a home owner then be a home...

[auggie1983]

Income increase will not keep up with COL rises. That’s been the story and will be the story for a while. Capital > labor. Aggressively paying down...

[auggie1983]

maintained same asset allocation, not planning on changing ratios, however decreasing leverage as age/portfolio grows

[auggie1983]

what good is paying down the debt going to do? It's interest free, and +/-70K isn't going to move the needle substantially when a lender looks at debt...

[auggie1983]

2 comments... 1. per Bayes you need a 'pre-backtest probability' from the likelihood the same conditions that lead to the backtesting data will persist....

[auggie1983]

And if you are planning direct real estate, get that loan settled before you start a different job at 50% paycut

[auggie1983]

0 down. Also, if you subtract 95k from your efund then still have 2 months of efund left over, you probably have too much cash.

[auggie1983]

PDBC...

[auggie1983]

Probably because your financial advisor is worthless compared to your accountant when it comes to real estate....

[auggie1983]

Be careful on GDLC and BITW, sometimes they trade at a very high premium to NAV and definitely aren’t as liquid as GBTC so you might see a high bid...

[auggie1983]

I would venture just about every real estate fund is total trash. The only benefits from real estate come from direct ownership and through easy leverage...

[auggie1983]

Leverage works the same for depreciation as it does for price appreciation. You depreciate 100% of what you can despite owning 10, 20 whatever %

[auggie1983]

just bought a cryptocorgi, can't wait to walk it in the metaverse

[auggie1983]

If you’re concerned about inflation, buy some pdbc and take out some long term low fixed rate debt

[auggie1983]

Basically I wouldn’t disclose if you are paying cash, no one cares, and if anything makes you less desirable as a customer...

[auggie1983]

I found this helpful when buying a car: https://m.youtube.com/watch?v=0S9cQOPxzfg

[auggie1983]

Can't wait for RE agents, title, appraisals to be a thing of the past, that day is not today though. Is there any data for FSBO sale to list, days on...

[auggie1983]

Regardless of how hard or easy it is to sell your own house by owner, getting a buyer’s realtor to think you are not going to be a headache of a seller...

[auggie1983]

What do you collect and what are you paid is what you need to know... What goes into calculating your collections?

If you are paid I would...

[auggie1983]

I don’t buy into the debtor is slave to the lender philosophy. In its most basic sense, that argument is the person with $0 isn’t a slave to anyone...

[auggie1983]

Time diversification is the only market timing I feel is really needed. Market drops, future contributions make a higher % of value, lever up. Market...

[auggie1983]

Lender will typically go 43% debt to income. Sales/commissions usually they want at least 2 years consistent income from that, but lets say your base...

[auggie1983]

Don’t think anything is wrong with rate or company. But know your market. Some markets care about the lender as in the seller wants to know you’re...