[Coronita]

I think we should temporarily ban travelers to and from China. For the safety of people in the US. It’s the right thing to do, and other countries are already thinking of doing similar things. This is potentially a public health crisis.

You know how people got this right? People initially got it from eatting snakes. Come on now, really? Geesh. Talk about uncivilized. Just one more fxcked up thing to come out of China. It figures.

[Coronita]

My goal is to try to hit the $5million mark in net worth before calling it a day. That would allow a low risk net passive income strategy indefinitely and something I think would be obtainable not too far in the future. I don’t care who is in office or who is running the government so long as they don’t interfere with my plans. The world’s problems are not my problem and as long as I don’t interfere with other people, I could care less. I am simply results oriented and that has been my primary focus.

Originally my plan was to hit the $10million mark so that the passive income from it could be done at very very low risk ($10 million at 2% passive return is virtually an easy slam dunk annual income of $200k/yr for doing nothing) but I don’t think I will be able to obtain that in my lifetime. Just not that lucky to hit the right investments and hit the right stock options at the right company at the right time in my lifetime. A more realistic goal is $5million returning 2.5-3% passive income ($125-200k passive income annually which can afford me a comfortable retirement lifestyle, not something lavishing.) That’s slightly higher required return than I wish for and certainly not a slam dunk, but should be obtainable annually but even if it dipped to 2% occasionally, that’s still ok . Got to work with what is practically obtainable, and one of the main reasons why I am not spending a lot right now. Wish I was younger and had gotten more done. Oh well. That will be my kids empire building goal for an easy life.

Last year’s S&P500 30% gain certainly helped cut the time down to obtain my goals significantly, and while I don’t expect a repeat this year, a decent 5% would be nice.

[Coronita]

Here’s another stock tip. Go long on Unilever too. You see Unilever makes Vaseline petroleum jelly. And just like last night, the previous night I saw a huge line of people stocking up on vaseline petroleum jelly. When I asked, it was a bunch of uber-bear short sellers that were stocking up to replenish their supply that was running low from repeatedly bending over and getting fked over the past few months.

[Coronita]

Here’s a stock tip. Go long and buy many shares of Kimberly Clark. You see Kimberly Clark makes Depends adult diapers, and I think they will have an incredible quarter. I think there is an unprecedented demand for Kimberly Clark’s Depends adult diapers…. I mean, last night I stopped by a Rite Aid, and saw a huge line of people stocking up on Depends….and when I asked they were all uber-bears that were shitting in their pants for shorting the stock market over the past few months…

[Coronita]

I didn’t know what was posted..I think there are lots of clouds on the horizon …. a lot of AI clouds of computing. ha ha ha .

[Coronita]

Markets right back to rally mode. lol. it’s so Circa 1999. if anything’s like 1999, we got 1-2 years of reaching epic highs. Enjoy the ride up, lol.

[Coronita]

https://finance.yahoo.com/m/36d294bc-48d6-3b56-bffa-363edb1f5b6a/ibm-stock-rallies-after.html

Ibm rallies on better than expected results

[Coronita]

[quote=42nate1]Took possession yesterday.
Certainly some damage, but they didn’t destroy the place. Driveway & street next to house completely saturated with oil. Not sure what can be done. I expect its permanent in the driveway.

Re-keyed all locks.
Got trash out of the house & had a company do a move-out cleaning.
Handyman begins tomorrow on repairs.

Will start advertising for move-in ready next week.
Definitely screening carefully going forward.

I got lucky.[/quote]

is that motor oil? If so, call the EPA and report your tenant and screw them over that way.

If you need a cleanup, go to an autoparts store.They sell material that will soak up the oil. Then scrub with degreaser or use muriatic acid… The degreaser will dislodge most of the oil. The muriatic acid will burn the concrete and turn it a full white. Then when it rains the concrete will eventually weather and turn back to a normal color. Please don’t let degreaser and concentrated muriatic acid run into the storm drains. It will empty out into the ocean and kill a lot of marine life.

[Coronita]

[quote=The-Shoveler]As long as we can hold it together politically I think the country will continue to lead and do just fine.

The biggest threat IMO right now is the unwillingness to meet each other half way (it is either extreme left or extreme right any one in the middle will be thrown out on their ear). I don’t think the real majority of the country really wants this, it is just the few who hold the political strings screwing things up.[/quote]

I disagree. As long as the Constitution is not changed, even the worst leaders will eventually be term limited out which isn’t very long. that’s one of the reasons that makes our system great. unlike China or Russia which the leader can simply change the equivalent of the Constitution.

[Coronita]

[quote=Myriad]It seems pretty obvious that governments will just create more money to ensure that there’s not a huge crisis that crashes the system.
Look at Japan with 250% of Debt/GDP, and they have basically 0% rates.
If asset prices and deflation really occur, governments will just give everyone the equivalent of cash to inflate asset prices back to normal.[/quote]

And there’s always the possibility of negative interest rates. That’s like borrowing a can to kick down the road. lol

[Coronita]

[quote=The-Shoveler]I never predicted the country would fall into ruin just a temporary downturn in RE that would quickly rebound.[/quote]

bingo. I dont many of us were predicting 75% off of la Jolla. those that were probably missed the boat.

[Coronita]

[quote=The-Shoveler]LOL so do you seriously think we will ever pay it off at this point? (the national debt).

One day some president will just order the treasury to mint a bunch of trillion dollar coins and use those to pay it off and I predict “nothing will happen”, we will just go on like it never happened.

anyway IMO.[/quote]

I don’t think we will ever need to worry about our debt as long as we have a large nuclear weapons arsenal and a large and modern military. About 30 years ago, I was asked to write an essay that could either compare or contrast the fall of Rome with the potential fall of the US. Some of those social studies teachers strongly encouraged us to write these comparions (or to give reasons why we were different from Rome) Many made the dire prediction we wouldn’t be around 20-30 years from now or a major player in the world… I took the easy A and compared how US was like Rome since it’s always easier to be negative and critical of everything that isn’t working or failing versus actually thinking about the positive things this country uniquely offers.

Fast forward 30 years. We are still around, our influence hasn’t really changed that much, and yes, my own kid middle school has the same exact assignment, where begrudgingly my kid also took the easy A route and wrote about how similar we are to Rome and we will fail 30 years from now, not really believing it….

Lol. Thank God I didn’t make any financial decisions based on this sort of gloom and doom misery. In fact, quite the opposite. I thought most american educators were full of it, couldn’t manage their own personal finance and could hardly be a role model for anything money related, and started trading stocks when I was 17-18….

So yeah , lol. America’s death and demise has been long predicted a long time ago. Chances are, it won’t happen in our lifetime or our kids lifetime. For every person wallowing in misery here, there is probably someone else that is doing just fine.

[Coronita]

the way I look at it. We have one of those market run ups going on right now. Thanks to our current government, the markets are on fire, capital gains taxes are at an all time low, inheritance tax is floored. Take the capital gains , pay the historic cap gains low taxes,.take the money and laugh all the way.to the bank. And then when/if progressives really takeover and taxes do go up, no worries. My goal is by the time progressives do take over, hopefully by then most of W2 income will be zero from retirement. So Dear Federal Reserve… Please keep pumping until Dow hits 30,000

No one should be complaining unless you sat out of the markets. And if you did that, too damn bad. blame yourself and all the other Doomsayers.

[Coronita]

[quote=Myriad][quote=flu][quote=EJ]Just curious … why pay the second installment now? I always wait until April 10, the last day without penalty. Is there any advantage to pay early?[/quote]

no, besides remembering to pay them versus forgetting April 10[/quote]

At some point in the past, I paid 3 installments in one year for tax reasons. So now I’m on the schedule where I pay both of my payments at the end of the year.[/quote]

Before it could work for you because the year you paid the property tax would be the year that they would go on your itemized deductions. For some it didn’t matter because you were getting hit with AMT… And now, it doesn’t matter as much because your SALT deductions are limited. I didn’t even both to itemize last year.
The standard deduction was a better option for me, and since I intentionally did very little donations, there wasn’t much worth itemizing.

[Coronita]

[quote=42nate1]Tenant has agreed to move out tomorrow, leave the keys in the kitchen & text me when they vacate.
I told them if they leave, they do not owe any rent for January & I will cancel the eviction process. This is a great outcome!

“IF” (big if) they leave Sunday night, will change the locks and assess the damage & work required to rehabilitate to get it ready to rent again. Coordinating with my repair guy & a cleaning service.

Fingers crossed that I dodged an expensive bullet.[/quote]

good luck to you. hope it works out let us know when it does.

[Author]

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