[Coronita]

[img_assist|nid=27510|title=241|desc=|link=node|align=left|width=566|height=600]

[Coronita]

[quote=gzz]

Dude. Stick with real estate

My ability to buy real estate was in large part because I shorted bank stocks in 2006-2007 instead of buying RE like most young professionals my age were doing.

Individual stocks aren’t your thing

I purchased XOM on 1/21/22 for 72.13 and am up 13% since then, plus a 1% quarterly dividend.

I like GOOG, which has done very well this week.

I have some business income coming in. I am putting the largest amount of it into tax free munis. EVM pays 4.4% free of state and federal tax.

The second largest use are value stocks, XOM, SU, T, TD, BNS and VZ. They are all around p/e of 10 and pretty solid companies.

The third largest use are shorting tech stocks that lose tons and tons of money. I may lose money on this, but if the tech bubble keeps up, I will more than make up for these losses with RE appreciation.

INTC has not been a winner. YNDX was for a while, but now below my average. GO has been a big loss, but I am glad I averaged down when it was 23. I really love their Point Loma location.

My current biggest winner unrealized is a put on coinbase that’s up 173%. But I had others expire at 0, so really have about broken even there. My best stock right now is WFC, up 144% since 9/23/20. It is such a solid company I wasn’t worried about buying in big. I don’t know how people can put a big part of their net worth into unprofitable tech companies.[/quote]

ok….carry on…

I just mostly do indexes these days. I don’t need to gamble as much to get that maximum return.

[Coronita]

[quote=svelte][quote=sdrealtor]
Pretty amazing to see what’s become of our little Navy town over the past two decades. Pretty humbling to be in the company we are in[/quote]

I stumbled across this the other day. Amazing indeed.

“UC San Diego ranked sixth nationally in research spending in fiscal 2020, outperforming such better-known schools as UCLA, Harvard and Stanford, according to newly released figures from the National Science Foundation.

The La Jolla campus spent $1.4 billion on research and development, more than half of which went to the health sciences, including money devoted to helping develop and test vaccines and drugs to fight COVID-19.

Four California schools — UCSD, UCLA, UC San Francisco, and Stanford — finished in the top 10. No other state had more than one school in that elite bracket.”[/quote]

What about Utah?

[Coronita]

Dude. Stick with real estate…next time you decide to buy a stock I own , can you tell me well in advance so I can sell?
Why did you decide to buy Intel. we were doing fine until you went long….

Please… Individual stocks aren’t your thing…do an index and call it a day.

You are trying to best the markets by picking individual stocks. but no offense you have a pretty lousy track record for picking individual stocks…whether you go long or short….this is coming from someone that also has a pretty lousy track record….but I can conclusively say yours is way worse than mine.mmwhich from a consistency perspective is great…

you see

I might be 46% correct on average.

You are probably closer to 35% correct….

This means that while my friends who do the opposite of what I do might do slightly better than if they made stock decisions based on flipping a coin….

I think we found a new contrarian leader , that if we do the opposite stock picking from what you do, the returns should beat the markets.

Don’t take it personally. This is just how it is. And like I said it only applies to individual stock picking.

I wouldn’t gamble against you when it comes to real estate or career advice….for those contrarian indicators, I think deadzone probably is the leader in those domains.Again, nothing personal….

I’m completely sample data and results driven here….

Please don’t touch ibm and tsm. I don’t have much in tech anymore. But of the few I do, please don’t touch Intel, ibm, tsm, amd…. There thousands of other tech stocks you can dick around with…no need to jinx these 4…..please…

[Coronita]

All jokes aside, I’ll be the first to admit that I was wrong about skyranch. It’s actually a really nice community. It’s not my cup of.l tea location, but there’s some really nice houses up there overlooking the city.

I have a friend that lives there in a private two house gated area.

I was able to get from sky ranch to LJ in 15:43…

Not legally…well,.let’s just say it could have resulted in jail time.

[Coronita]

….

[Coronita]

[quote=sdrealtor]Change of pace. Today would have been my ex-GF’s 50th birthday. She absolutely loved jokes. One day she was driving home from work (as a teacher) and heard a punchline that made her pee her pants. She came home, googled it, wrote it down and practiced telling it in front of a mirror until she got it down perfectly.

We went out a lot and she told it to everyone we met, complete strangers. I laughed everytime she told it because it was so good, the delivery so perfect and the surprise on peoples faces a joy to watch until they gave in and laughed out loud themselves. She was very attractive with a certain undeniable sex appeal that was perfect for the joke.

Before her passing a couple years ago, I promised her I wouldnt let people forget she was here. I regularly post things on FB for friends and family to enjoy and remember her. But I saved the joke until today on what would have been her 50th to share with family and friends that didnt get to hear her tell it.

If anything could encapsulate her spirit its ALL right here in this joke. So on this day I’ll share it with you all also. When you get to the end imagine her wiping her hand across her mouth while delivering the punchline.

Svelte I know you’ll love this

[img_assist|nid=27506|title=joke|desc=|link=node|align=left|width=83|height=100][/quote]

OMFG….. loll

[Coronita]

I just keep letting my auto-invest indexes happen… Oh well…

[Coronita]

yawn…..

[Coronita]

[quote=plm]By cashing out my trading account, I meant doing it slowly not all at once, first 80K in long term capital gains is tax free each year. And even if I need more each year, its only taxed at 15 percent. Now if only the plan for CA free health care passes, my expenses will drop considerably.[/quote]

https://www.marketwatch.com/story/i-retired-at-50-went-back-to-work-at-53-then-had-a-major-medical-issue-that-left-me-unemployed-theres-no-such-thing-as-a-safe-amount-of-money-for-retirement-11642133454?siteid=yhoof2

“I retired at 50, went back to work at 53, then had a major medical issue that left me unemployed – ‘There’s no such thing as a safe amount of money’ for retirement”

[Coronita]

[quote=plm][quote=Coronita][quote=svelte][quote=Coronita]
I’ve been running my F.I.R.E. calculators as of the late….Just in case.[/quote]

lol, yeah I wonder how many FIRE folks are getting a little frightened right now with inflation taking off. Some of them may have used questionable assumptions.

I still think it is folly for a 30- or 40- something to think they can project out 40 to 50 years. The world changes fast![/quote]

for me it’s not really just F.I.R.E. it’s slightly modified.

For my retirement will be partly funded by rental income and a return on after tax investments before I’m 65.

after 65, it would be funded by my rental, after tax investments, and IRA/401k.

I think I can pull this off with about a 4% return on investment on the investment of after tax cash. Including the cash out refi.

it’s a fun exercise of futility because it’s unlikely I will retire early now. since I missed my early retirement goals at 40 might as well wait 3 more years and round up to the nearest power of 10[/quote]

Next Power of 10 would be 100. Just found out about rule of 55, can withdraw from last 401k without penalty now. So if I need more money then I expect, I can take out from 401k as well. But I think rental income, dividend income and cashing out my trading account should be enough.[/quote]

See I’m getting old and senile. You know I meant multiple of 10 not power of ten. I hope I’m gone before I reach the next power of 10.

I don’t think cashing out trading account is needed. I think what is needed is to make trading account not trading account and make it boring account returning 4% consistently without fluctuation in the principal amount.

[Coronita]

[quote=svelte][quote=Coronita]
I’ve been running my F.I.R.E. calculators as of the late….Just in case.[/quote]

lol, yeah I wonder how many FIRE folks are getting a little frightened right now with inflation taking off. Some of them may have used questionable assumptions.

I still think it is folly for a 30- or 40- something to think they can project out 40 to 50 years. The world changes fast![/quote]

for me it’s not really just F.I.R.E. it’s slightly modified.

For my retirement will be partly funded by rental income and a return on after tax investments before I’m 65.

after 65, it would be funded by my rental, after tax investments, and IRA/401k.

I think I can pull this off with about a 4% return on investment on the investment of after tax cash. Including the cash out refi.

it’s a fun exercise of futility because it’s unlikely I will retire early now. since I missed my early retirement goals at 40 might as well wait 3 more years and round up to the nearest power of 10

[Coronita]

[quote=svelte]Great advice on here from sdr, scaredy, coronita and others.

Some other thoughts that should be factored in:
1. My father always said that retirees are in consensus that one should not jump into something with both feet. Instead, they recommend renting your house out and trying the new area first. You might just find you miss San Diego more than you thought you would.
2. You can pass the house through to your daughter once you die with a much higher limit than 500K…that might be a thought to avoid taxes…and in the meantime you can rent than thing out for several thousand a month and basically not have to worry about a job ever again if you don’t want to.
3. I would think long and hard about jumping out of engineering. You’ll work just as hard, worry just as much, and have just as little free time in basically any other career you choose…and do it for much less money. (scaredy said this much better than I did!) My best friend in college did that, he quit his Silly Valley sw job to become an artist. I reminded him they are actually called “starving artists”. He has learned that lesson the hard way and now his software skills are dated.
4. Flu and I have talked about this before – one really has only so many years until they really can’t work any more…health issues, etc. While you can still earn great income, do you really want to call it quits? I get maybe scaling back so you have more free time, but I would be cautious about changing too much all at once.

Just my two cents.[/quote]

I’ve been running my F.I.R.E. calculators as of the late….Just in case.

[Coronita]

[quote=vproman]Thank you everyone for the good tips. We have been interviewing realtors and it’s interesting to see the differences: some are scrappy and high energy while others are confident and polished. I’m leaning towards the ones that tell me what I need to hear and not want I want to hear. This will be a big purchase that hopefully we’ll spend decades living in, so we want to do our due diligence.[/quote]

My personal opinion is… If you see a realtor show up in a nice car and nice designer suit or business suit, skip the realtor. Because you are paying for those designer brands he/she buys and the fancy car he/she leases…

If your realtor prospect shows up in a collared polo shirt and shorts and a decent but not ostentatious car and isn’t pushy about trying to get you to find a house asap…..If your realtor does deals from 1/1 condos to multi-million homes, you know you have a pretty good realtor. Because regardless of what you are buying, he/she is giving you the same time and day as any other client.

[Coronita]

[quote=bibsoconner]Thanks sdrealtor. I’d forgotten about the 2 year rule. It also reminds me that I should make some attempt to get my home improvement receipts together. As I recall, beyond the 500K cap you can avoid taxes by offsetting profit on house with money you put into it. Unfortunately, I’m not great at keeping receipts, especially for all the small stuff that ads up! And if current prices hold or increase, I’ll definitely be above 500K.

Feel free to post or PM me “good local property manager”!

Thanks![/quote]

So I had pretty good luck with urbanrealtor as a property manager. he’s exactly the kind of property manager you want. Because he’s fair and honest. But if a tenant tries to pull a fast one on you, you definitely want someone like him on your side. he’s use to dealing with pain in the ass tenants…. and in a pro-tenant state and in a world of rental moratoriums, I’d wouldn’t half ass this especially if this is your first time being a landlord.

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