Search found 2962 matches

by JonnyDVM
Sat Jun 19, 2021 8:06 pm
Forum: Personal Consumer Issues
Topic: How to best experience the Florida Keys?
Replies: 34
Views: 3895

Re: How to best experience the Florida Keys?

If you want an easy Everglades experience on the way to the Keys, do Anahinga Trail. It’s teeming with alligators, fish, and birds.

As far as visiting the Florida Keys- don’t let the naysayers get you down. I love the Keys Experience. If this sounds like your cup of tea, my personal favorite way to experience the keys is to rent a house in the lower keys (Big Pine, Ramrod, or one of the Torch keys) with a dock and rent a boat as well. You can have a great time fishing, swimming, snorkeling Looe Key, and you can visit Bahia Honda by boat. You can also drive down and make an easy day trip to key west and a second day trip down to hit up the Dry Tortugas.
by JonnyDVM
Sat Jun 19, 2021 2:20 pm
Forum: Personal Investments
Topic: How do you TLH(tax loss harvest) in reality?
Replies: 30
Views: 2962

Re: How do you TLH(tax loss harvest) in reality?

anon_investor wrote: Sat Jun 19, 2021 1:04 pm
JonnyDVM wrote: Sat Jun 19, 2021 1:00 pm Who is losing enough money right now to harvest? Whatever you’re doing, you’re not doing it right.
Someone who made a giant lump sum recently?
This is why I’m a DCA guy. How much would that sting?
by JonnyDVM
Sat Jun 19, 2021 1:00 pm
Forum: Personal Investments
Topic: How do you TLH(tax loss harvest) in reality?
Replies: 30
Views: 2962

Re: How do you TLH(tax loss harvest) in reality?

Who is losing enough money right now to harvest? Whatever you’re doing, you’re not doing it right.
by JonnyDVM
Fri Jun 18, 2021 6:27 pm
Forum: Personal Investments
Topic: Ideas to get 5-6%
Replies: 127
Views: 17944

Re: Ideas to get 5-6%

[Reply to removed content removed by moderator oldcomputerguy]

I would tell you to buy US total market. If you don’t want to do that, I would consider crowd funded real estate. That should generate the return you are seeking as an alternative to the market.
by JonnyDVM
Fri Jun 18, 2021 6:20 pm
Forum: Investing - Theory, News & General
Topic: Lowest international allocation.
Replies: 9
Views: 1252

Re: Lowest international allocation.

I would say if it’s not 10% or more of equity allocation it’s not worth the effort.
by JonnyDVM
Fri Jun 18, 2021 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $650k house?
Replies: 28
Views: 4162

Re: Can we afford a $650k house?

You could buy it with cash. So yes. This is a strange post to be honest. Even with volatility in income you’re beyond OK. Your income could be cut in half and you would be fine.
by JonnyDVM
Fri Jun 18, 2021 8:09 am
Forum: Investing - Theory, News & General
Topic: I'll never regret not having international funds in my portfolio
Replies: 282
Views: 27747

Re: I'll never regret not having international funds in my portfolio

These US vs ex-US threads always end the same. Nobody knows which is better - 0%, 20%, 40%, or world market weighting (VT/VTWAX). Nobody can provide any hard evidence supporting their case for any allocation. All we know is what happened in the past. Beyond that, it's all just opinions and speculation. The problem with your statement is that the two camps are as follows: - 100% US - Some combination of US and exUS The latter is reasonable, the former goes against the general financial planning advice. This isn’t a 100% US vs 100% exUS discussion You’re right. We need a few 100% ex-US guys in here to spice this conversation up. I’ll start- “US returns will be terrible going forward. Have you LOOKED at your country lately???? The prudent pat...
by JonnyDVM
Fri Jun 18, 2021 8:00 am
Forum: Personal Consumer Issues
Topic: What are your travel plans in 2021 and beyond?
Replies: 350
Views: 36370

Re: Vacations Plans?

GerryL wrote: Thu Jun 17, 2021 8:03 pm
novemberrain wrote: Thu Jun 17, 2021 7:14 pm Driving out 3-4 hour radius.

Horrendous prices at hotels though. I feel hotel prices have become 2X or 4X from pre-covid times.
Air fares, too. My usual nonstop to SoCal (John Wayne) is double what I am used to paying a week before Thanksgiving. Chose 1-stop flights that are not quite as bad. But I keep getting emails about great fares ... starting in September.
I’m probably over doing it with bookings. Yes, post COVID travel inflation is very real. Hotels and flights alike. I was looking at flights to Vegas from ATL for the fall and they were $800. $800???? To fly to VEGAS??? How?
by JonnyDVM
Thu Jun 17, 2021 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Dad wants Wife to live in house left to me and sister after he passes
Replies: 179
Views: 24406

Re: Dad wants Wife to live in house left to me and sister after he passes

I just finished a dispute involving a life estate that lasted over a decade, so listen up... My wife's stepfather named her as a beneficiary of his trust. (For those of you in the know, it was this trust that bought the $5,000 watch, but that's another story...) The trust included a factory that one of the brothers was leasing from his father. The trust terms stipulated that one of the brothers could lease the factory at fair market value as long as he operated his company there. FMV would be set by the Trustee, his brother. The trustee brother set the lease price at about $10,000 a month. The lessor brother complained that was too high, and that lead to a series of lawsuits where the Court appointed an independent trustee to set the rent....
by JonnyDVM
Thu Jun 17, 2021 11:02 am
Forum: Investing - Theory, News & General
Topic: Do you consider the pandemic over for purposes of investing?
Replies: 54
Views: 4570

Re: Do you consider the pandemic over for purposes of investing?

Yes. It’s over in the US. The opportunity to make a killing on the blatant market overreaction is long passed.

I still expect some effects in the real estate market going forward. Specially I’m expecting a glut of second homes on the market in about 3 years or so. If I’m correct, I may be scooping one up myself.
by JonnyDVM
Thu Jun 17, 2021 8:48 am
Forum: Personal Finance (Not Investing)
Topic: 401k Loan
Replies: 30
Views: 2807

Re: 401k Loan

NEVER borrow money from your 401k. EVER. Curious. Why do you think a "decent" correction is due? I disagree. There are cases where it makes sense. It’s a financial tool at your disposal. I’m not sure I would do it in this use case, but that’s up to OP. I took a 401k loan to help cover the cost of a down payment for a new house until we put the old one up for sale. It was quickly repaid. So there are occasional good uses for 401k loans. Not this one though. It sounds like OP wants to take a loan on a whim and do nothing specific with it. I’m not understanding what OP wants to do? You don’t have to take a 401k loan to try to time the market with a 401k, you just sell assets within the 401k. Unless you’re buying real estate maybe?
by JonnyDVM
Thu Jun 17, 2021 6:31 am
Forum: Non-US Investing
Topic: I want to time the market, talk me out of it and tell me what can go wrong!
Replies: 41
Views: 5984

Re: I want to time the market, talk me out of it and tell me what can go wrong!

I’ve never heard of anyone trying to time the bond market. Bonds don’t dip very hard. Even in rough bond times. If you want to allocate to bonds, just set a new asset allocation and rebalance. Quite frankly keeping 10% in a cash savings account isn’t that much different from owning total bond right now. Trying to time BND gains you very little.
by JonnyDVM
Wed Jun 16, 2021 6:18 am
Forum: Investing - Theory, News & General
Topic: I'll never regret not having international funds in my portfolio
Replies: 282
Views: 27747

Re: I'll never regret not having international funds in my portfolio

tvubpwcisla wrote: Wed Jun 16, 2021 5:51 am Great discussion. It sounds like whether you include international in your investment strategy or you do not, you will most likely end up just fine.
Sure. If by “just fine” you mean having to work an extra decade or so along with the sting of being embarrassed about your very very wrong internet posts which live on forever.
by JonnyDVM
Wed Jun 16, 2021 6:13 am
Forum: Personal Finance (Not Investing)
Topic: Dad wants Wife to live in house left to me and sister after he passes
Replies: 179
Views: 24406

Re: Dad wants Wife to live in house left to me and sister after he passes

I think it is fortunate that your dad is discussing this with you while he is still alive rather than having to hash all this out as a surprise after he passes. I think a firm “I won’t be able to do that dad, I won’t be living there” in regards to the son situation might get him rethinking this whole thing.

If dad won’t budge I would consider an arrangement where you and sister inherit the house immediately but allow stepmother to live there until her passing at a rent that covers expenses if father isn’t planning on providing expenses from the rest of his estate.
by JonnyDVM
Tue Jun 15, 2021 7:09 pm
Forum: Personal Investments
Topic: Best Way To Speculate With $2,000?
Replies: 50
Views: 6410

Re: Best Way To Speculate With $2,000?

Pick a lesser known meme stock. I’m in a few garbage ones myself. The terms fundamentally sound and speculative strike me as mutually exclusive.
by JonnyDVM
Tue Jun 15, 2021 6:29 pm
Forum: Investing - Theory, News & General
Topic: Will there be a crash to crazy asset valuation?
Replies: 175
Views: 16206

Re: Will there be a crash to crazy asset valuation?

What we can predict with almost certainly, is that in the long run the market will return more than you put in it. You cannot predict this. Of all the dangerous predictions I've read here, this is the most persistent and probably the most persistently dangerous. The market can and has gone down and stayed down for longer than many people have years left on this earth. And even if it had not, there's no guarantee that it would not in the future. Remember that as you determine your asset allocation. If you want to live by the notion that you can't predict the future, then you have to accept that you cannot predict "with almost certainty" that the market will return more in the long run than you put into it-- especially in your &quo...
by JonnyDVM
Tue Jun 15, 2021 6:19 pm
Forum: Personal Consumer Issues
Topic: How long should a car last?
Replies: 100
Views: 10491

Re: How long should a car last?

RickBoglehead wrote: Tue Jun 15, 2021 9:49 am That is twice what alternator should cost.

10 years is a good timeframe. We have gone 15. Too long. Plastic parts become brittle, stuff fades, rubber rots.
I agree. While you CAN run a Honda or Toyota for way more than 10 years/100k miles I look to upgrade after about 10 years.
by JonnyDVM
Mon Jun 14, 2021 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Paying estimated 2021 taxes to avoid paying penalties
Replies: 20
Views: 2363

Re: Paying estimated 2021 taxes to avoid paying penalties

I think paying less for each of the remaining payments is the better way to do it. Skipping a quarter entirely could possibly lead to a penalty.
by JonnyDVM
Mon Jun 14, 2021 9:42 pm
Forum: Personal Consumer Issues
Topic: Cancun taxis & ubers
Replies: 9
Views: 1470

Re: Cancun taxis & ubers

I would prearrange a car transfer to your hotel from the airport then arrange transportation through the resort to the dinner and back. Alternatively you can arrange everything through the resort. I don’t know about Uber and Lyft there, but I personally wouldn’t use it even if it was possible.

I have also used USA transfers in the past. It was fine.
by JonnyDVM
Mon Jun 14, 2021 8:51 pm
Forum: Personal Investments
Topic: International better in taxable account?
Replies: 13
Views: 2337

Re: International better in taxable account?

I favor international in taxable not just for the foreign tax credit, but also because I only have so much tax free space. Tax free space is better used for assets with a heavier tax drag.
by JonnyDVM
Mon Jun 14, 2021 8:38 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 5577
Views: 618990

Re: Small Cap Value heads Rejoice !!!

Tingting1013 wrote: Mon Jun 14, 2021 8:27 pm Why is there no mention of the fact that SCV is +24% YTD while S&P 500 is only up +14%?

Since April 2020 the comparison is +93% vs + 54%

Factorheads have been vindicated!!!
We all died waiting for the outperformance. In death we have finally been vindicated. Live well for us!
by JonnyDVM
Mon Jun 14, 2021 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Paying with bitcoin
Replies: 4
Views: 1107

Re: Paying with bitcoin

Yes. You would be responsible for paying capital gains on any realized increase in value when trading the asset class that shall not be named.
by JonnyDVM
Mon Jun 14, 2021 1:01 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 396707

Re: [GameStop GME trading mega-thread]

The chatter sure does die down when there's a 20% drop...IN ONE DAY. The true value (pre price pump) of this stonk is probably around $5 a share. If you bought above this level, you are truly gambling. https://i.imgur.com/0q3J0s4.png A 20% drop only really took the price back to like 2 weeks ago. I think its actually pretty encouraging, personally. "Their" ability to nuke diminishes each cycle. Back in January they were able to take it from 483->110 and 325->40. In march 345->170. Its at about 230 now. Thats actually incredible. And once the 5M new shares are offered, you can be damn sure the apes will gobble those up like ripe bananas. Let me know when we’re piling back in. I’ll get my space helmet out of the closet. I’m gonna p...
by JonnyDVM
Mon Jun 14, 2021 12:54 pm
Forum: Investing - Theory, News & General
Topic: I'll never regret not having international funds in my portfolio
Replies: 282
Views: 27747

Re: I'll never regret not having international funds in my portfolio

Da5id wrote: Mon Jun 14, 2021 12:53 pm
goonie wrote: Mon Jun 14, 2021 12:27 pm I'll never regret not saying that I'll never regret something.
Same!
I wouldn’t not ever agree with that statement
by JonnyDVM
Mon Jun 14, 2021 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford 650k house?
Replies: 26
Views: 4424

Re: Can I afford 650k house?

Waaaaaaait. Is this something your spouse really wants but you’re cool on ?
by JonnyDVM
Mon Jun 14, 2021 11:34 am
Forum: Investing - Theory, News & General
Topic: I'll never regret not having international funds in my portfolio
Replies: 282
Views: 27747

Re: I'll never regret not having international funds in my portfolio

tvubpwcisla wrote: Mon Jun 14, 2021 10:55 am I have decided to exclude international funds from my portfolio. I have watched a lot of videos about Mr. Bogle and he also excluded them and saw no reason to own any. What are your thoughts on either including or excluding international from your portfolio?
“Never” is such a strong term. 60/40 here and still waiting for the international bull run. Putting in an order for emerging today coincidentally. Debating if I should buy the ex-China ETF or just stick with the standard Fidelity emerging index.
by JonnyDVM
Mon Jun 14, 2021 6:28 am
Forum: Personal Finance (Not Investing)
Topic: When do I take out a student loan?
Replies: 12
Views: 1387

Re: When do I take out a student loan?

I would definitely pay for it rather than letting her carry a loan burden for 25 years hoping forgiveness comes through.
by JonnyDVM
Sun Jun 13, 2021 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford 650k house?
Replies: 26
Views: 4424

Re: Can I afford 650k house?

Yes, but it sounds like you don’t want it and want us to tell you no.

Well I’m not telling you no. You can easily afford it. I definitely wouldn’t make such a life altering decision without actually liking the house though. So if you don’t like it, don’t buy it.
by JonnyDVM
Sun Jun 13, 2021 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Medical service provider asks for consent to pursue insurance company
Replies: 71
Views: 7179

Re: Medical service provider asks for consent to pursue insurance company

TropikThunder wrote: Sun Jun 13, 2021 5:16 am “I’m sorry Mr or Ms Surgery Assistant, but I never requested your services. If the primary surgeon decided they needed help, they can pay you out of their fee. Good day. I said good day!”
My favorite reply in the thread.

Not much to add other than it’s clear this is a ploy to run up the bill and your insurance isn’t having it. I would not sign and ignore it, but I don’t think it matters if you sign or not. The insurer isn’t paying them for that.
by JonnyDVM
Sun Jun 13, 2021 8:19 pm
Forum: Investing - Theory, News & General
Topic: Will there be a crash to crazy asset valuation?
Replies: 175
Views: 16206

Re: Will there be a crash to crazy asset valuation?

If it’s really that hard I would consider a financial advisor. Seriously. Not everyone can do it themselves and that’s OK. Much like most of you couldn’t pull three pieces in Jenga without toppling it. Step 2) Go low early. Helps get the pressure cranked up… I think you're a pro. The thing is, some of us trade much more volatile instruments, and these instruments trained us to stay calm during 1x SPY (or even less when you mix in bonds) downturns, which are a walk in the park compared to those instruments. But the folks who haven't experienced 2008 and such, 1x SPY going up and down is a scary thing. Not sure if the pro reference was meant in regards to investing, Jenga, or ironically, but I like it regardless. Yes. Investing can be scary....
by JonnyDVM
Sun Jun 13, 2021 7:24 pm
Forum: Investing - Theory, News & General
Topic: Will there be a crash to crazy asset valuation?
Replies: 175
Views: 16206

Re: Will there be a crash to crazy asset valuation?

Answer is to stay the course? What should I do with my dry powder guys? Put it into market? vs CD? So many decisions 🤯 What??? No!!! We just went over this. Choose the asset allocation you’re comfortable with and go with it. DCA into equities instead of lump sum if you would feel better about it. For the record I would whup all of you at Jenga. Step 1- if you’re playing without a beer you’re definitely doing it wrong. The problem is that sometimes it might be very hard to tell what the current course is, or what allocation is comfortable. If it’s really that hard I would consider a financial advisor. Seriously. Not everyone can do it themselves and that’s OK. Much like most of you couldn’t pull three pieces in Jenga without toppling it. St...
by JonnyDVM
Sun Jun 13, 2021 6:55 pm
Forum: Investing - Theory, News & General
Topic: Will there be a crash to crazy asset valuation?
Replies: 175
Views: 16206

Re: Will there be a crash to crazy asset valuation?

newyorker wrote: Sun Jun 13, 2021 6:48 pm Answer is to stay the course? What should I do with my dry powder guys? Put it into market? vs CD?

So many decisions 🤯
What??? No!!! We just went over this. Choose the asset allocation you’re comfortable with and go with it. DCA into equities instead of lump sum if you would feel better about it.

For the record I would whup all of you at Jenga. Step 1- if you’re playing without a beer you’re definitely doing it wrong.
by JonnyDVM
Sun Jun 13, 2021 3:51 pm
Forum: Investing - Theory, News & General
Topic: Will there be a crash to crazy asset valuation?
Replies: 175
Views: 16206

Re: Will there be a crash to crazy asset valuation?

whodidntante wrote: Sun Jun 13, 2021 3:46 pm It's hard to imagine a long and deep crash in asset prices in an environment where the Federal government is actively propping them up. Ride the wave, I say. People who invest primarily in safe assets or not at all could be much worse off, but such people were already allergic to wealth building.
Amen brother
by JonnyDVM
Sun Jun 13, 2021 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Investing vs paying down mortgage
Replies: 23
Views: 3329

Re: Investing vs paying down mortgage

@JonnyDVM, If you noticed, I never said that entire mortgage interest is not deductible. I stopped at the mortgage balance of $750k, the upper threshold at which the interest stops being deductible. Are you disagreeing that the true interest rate comparison should be on a before tax basis? Is there an error in my Math? Yes, I am disagreeing. Settlng aside the fact that Claiforina tax would absolutely not be 12% on 400k of income anyway, it’s calculated with marginal tax brackets, not a flat gross Secondly, investable money would also be subject to tax. Yes we are talking about marginal rax rates. It is always based on the marginal tax rates, never effective. This is why when we ask folks to provide their portfolio details, we ask them to p...
by JonnyDVM
Sun Jun 13, 2021 3:16 pm
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 34
Views: 3911

Re: Key West Family Vacation - February

BashDash wrote: Sun Jun 13, 2021 10:55 am Bump! Looking for a family friendly hotel with an awesome pool. Finishing up a middle keys trip in early July and are flying out of key west. Have been before but just would like one to two nights. Have a bunch of Hilton points and a bunch of ihg free nights if that helps. Thanks!
Margaritaville. I think it’s renamed Opal now.
by JonnyDVM
Sun Jun 13, 2021 3:13 pm
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 34
Views: 3911

Re: Key West Family Vacation - February

fishmonger wrote: Mon Aug 13, 2018 9:12 am What about spots to eat? We love good food, especially seafood
Super casual takeout- Eaton Street Seafood Market.

My favorite place to eat in general there- Blue Heaven

Other things I didn’t see mentioned- The Key West Aquarium and Kermits Key Lime Pie.

Dry Tortigas is great. Sea Plane if you can afford it. FWIW several people on the ferry ride got seasick.
by JonnyDVM
Sun Jun 13, 2021 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Investing vs paying down mortgage
Replies: 23
Views: 3329

Re: Investing vs paying down mortgage

lakpr wrote: Sun Jun 13, 2021 7:30 am @JonnyDVM,

If you noticed, I never said that entire mortgage interest is not deductible. I stopped at the mortgage balance of $750k, the upper threshold at which the interest stops being deductible. Are you disagreeing that the true interest rate comparison should be on a before tax basis? Is there an error in my Math?
Yes, I am disagreeing. Settlng aside the fact that Claiforina tax would absolutely not be 12% on 400k of income anyway, it’s calculated with marginal tax brackets, not a flat gross

Secondly, investable money would also be subject to tax.
by JonnyDVM
Sun Jun 13, 2021 7:05 am
Forum: Investing - Theory, News & General
Topic: Will there be a crash to crazy asset valuation?
Replies: 175
Views: 16206

Re: Will there be a crash to crazy asset valuation?

I joined this forum almost a decade ago. There are constantly posts about a crash coming in overpriced equities and overpriced real estate. Eventually the pessimistic predictions will be right. The vast majority of the time they have been wrong. I think back on how many lives have undoubtedly been negatively affected by bad advice given here about waiting to buy a house until the RE market cools off and shake my head. At least the advice on the stock market is generally sound in that trying to time and predict it is futile. It’s quite possible the market will move sideways for years. Or it could continue to go up or down. No one can predict this. What we can predict with almost certainly, is that in the long run the market will return more ...
by JonnyDVM
Sun Jun 13, 2021 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Investing vs paying down mortgage
Replies: 23
Views: 3329

Re: Investing vs paying down mortgage

@masonary, May I interest you in a CD on which you can earn a guaranteed 4.5%, but the max you can invest is only $300k? If you are looking for investing even more, could I interest you in another CD on which you can earn a guaranteed 3.65%, the max you can invest is only $250k (you must buy the CD aforementioned first)? Yeah, sorry, the incentive goes down a bit beyond $300k investment. How much would you invest? You have $400k from the sale of the previous home, would you be interested in deploying part of the cash into either CD? ========================= Of course I am not a bank and I truly don't have a CD to offer you, I just wanted to illustrate to you that the 2.375% rate you are paying on your mortgage, is a mirage. Are you aware ...
by JonnyDVM
Sun Jun 13, 2021 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Investing vs paying down mortgage
Replies: 23
Views: 3329

Re: Investing vs paying down mortgage

Firmly disagree with the notion of paying down a 2.375% mortgage. If the market doesn’t return better than that over the long haul, we’re all doing it wrong.

For years on this forum I’ve observed people here advocating paying down these low rate mortgage rates over investing. For anyone that listened, the opportunity cost has been enormous. You’re in your early 30s. You have decades before retirement. Barring complete economic collapse of the United States paying that down over investing is going to cost you an enormous amount of money in the long run.
by JonnyDVM
Sat Jun 12, 2021 7:48 pm
Forum: Personal Investments
Topic: Cash sitting in business account...what to do?
Replies: 9
Views: 1186

Re: Cash sitting in business account...what to do?

If you don’t need it in your business, then I’d take the distribution (set aside enough to cover the taxes on it) and then invest the rest in a taxable brokerage account. This is what I’ve done for several years and it’s awesome to see how fast it has grown. You could also pay down your mortgage (if you have one) with that money or a little bit of both. This is assuming you have an adequate emergency fund and no consumer debt. Congrats on your profitable business! No consumer debt, emergency fund set. So better to take as a distribution and put into a taxable brokerage account versus a business brokerage account? I do like the idea of keeping it in my business account if I want to withdraw for another investment such as building in 5-10 ye...
by JonnyDVM
Sat Jun 12, 2021 6:22 pm
Forum: Personal Investments
Topic: Cash sitting in business account...what to do?
Replies: 9
Views: 1186

Re: Cash sitting in business account...what to do?

I have maxed out my Roth IRA and will continue to do so going forward. I am in the process of setting up a Simple IRA and should be able to max that out next year both my contributions as an employee and as employer. On the current trajectory my business is in (file as an S-Corp), I should still have profit left over in my business that I am looking to put somewhere. I have the cash reserves I need and will still portions of my profit to reinvest into the business, but again I should still have $1-2k/month left to put somewhere else. With the current maximizations of my retirement portfolio, where would it be best to put this money? Could I just put it into a business brokerage account and expand my investments, or is it not worth it based...
by JonnyDVM
Fri Jun 11, 2021 7:07 am
Forum: Personal Consumer Issues
Topic: Income req’d to afford pricey private school tuition?
Replies: 21
Views: 5434

Re: Income req’d to afford pricey private school tuition?

As someone who lives in an area where private school tuition is similar, unless they have a significant trust fund I’ve concluded most people sending kids to these private schools just save less and work longer. If you want a strait number- I would throw out 600k+ gross income for that kind of tuition to not have a massive impact on ones finances and even at 600k that would be over 10% gross.
by JonnyDVM
Thu Jun 10, 2021 8:40 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 396707

Re: [GameStop GME trading mega-thread]

gwe67 wrote: Thu Jun 10, 2021 7:11 pm
JonnyDVM wrote: Thu Jun 10, 2021 6:45 pm
gwe67 wrote: Thu Jun 10, 2021 1:16 pm The chatter sure does die down when there's a 20% drop...IN ONE DAY.

The true value (pre price pump) of this stonk is probably around $5 a share. If you bought above this level, you are truly gambling.

Image
You guys keep saying $5, and yet I keep flipping GME and buying furniture 🤷‍♂️
Report card is in....and down 27.16% today. Were you smart enough to sell yesterday??
I sold a bit too early this time actually. Last week. Cost myself half a couch.
by JonnyDVM
Thu Jun 10, 2021 8:39 pm
Forum: Personal Consumer Issues
Topic: Elder care robotics
Replies: 34
Views: 3082

Re: Elder care robotics

ResearchMed wrote: Thu Jun 10, 2021 7:40 pm
JonnyDVM wrote: Thu Jun 10, 2021 6:48 pm
cheese_breath wrote: Thu Jun 10, 2021 2:04 pm I wouldn't want a robot changing my diaper.
Don’t worry, no robot wants that job

I hold BOTZ. I firmly believe this will be a large part of the future economy.
Are there any mutual funds (not ETFs) that cover areas like this?

RM
I haven’t found any and I’ve looked. Some here have argued that all the big tech are working on AI so owning the tech sector as a whole is good enough.
by JonnyDVM
Thu Jun 10, 2021 6:48 pm
Forum: Personal Consumer Issues
Topic: Elder care robotics
Replies: 34
Views: 3082

Re: Elder care robotics

cheese_breath wrote: Thu Jun 10, 2021 2:04 pm I wouldn't want a robot changing my diaper.
Don’t worry, no robot wants that job

I hold BOTZ. I firmly believe this will be a large part of the future economy.
by JonnyDVM
Thu Jun 10, 2021 6:45 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 5086
Views: 396707

Re: [GameStop GME trading mega-thread]

gwe67 wrote: Thu Jun 10, 2021 1:16 pm The chatter sure does die down when there's a 20% drop...IN ONE DAY.

The true value (pre price pump) of this stonk is probably around $5 a share. If you bought above this level, you are truly gambling.

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You guys keep saying $5, and yet I keep flipping GME and buying furniture 🤷‍♂️