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ltsddd
ParticipantI believe that sounds about right. Historically, the S&P 500, never had a negative return over any rolling 10-year period. It’s not really a 10 year downturn, but if there’s a downturn, you might need the next several years to recoup the losses.
I was looking into this a few years ago read up on the galeno strategy, bucket of $$, etc.. One of the best books I got from a clearance bin is Ben Stein and Phil DeMuth’s book titled Yes, You Can Still Retire Comfortably! In this book the authors ran and compared the outcome of a few scenarios of the various investment strategy. Highly recommended.
Participant[quote=svelte]You said it man.
These two graphs should give anybody pause
[/quote]Today’s stocks market reminds me of the dot com and housing bubbles where the mantra is “buy high, sell higher”.
Participant[quote=flu]Spend, drill, deregulate….
Gold, energy, banking.[/quote]
I am batting .333. Somehow I never found gold or energy/oil appealing. But I am not complaining my BAC – been riding it up from 13 and change.
ParticipantI broke down today and put some money into bitcoin (sort of) – a whole 2 shares of gbtc.
As for the market as a whole, it’s getting scary. I am seriously considering taking some $$ off of the table at the end of this month. Other than a little hiccup (-0.04%) in March 2017, the S&P500 has been up every month since Nov 2016.
After 8 days of trading this year my portfolio has out-gained every month of last year’s. A correction in the stock market would be healthy.
ParticipantSK – I have yet to be able to demonstrate that I spend >=750 hours/year managing the props. So it’s been counted as passive income instead of a business. Am I missing something?
Flu – I hope you’re right. The new tax “law”, from what I have read, only mentioned the $10K cap. I interpreted that as a hard cap on how much you can deduct regardless of income or other expenses incurred wrt the rentals. For example, if the rental generates $15k in rents and the interest for the rental is also $15k, your taxable income will be $5k instead of $0 as it has been in the past.
ParticipantJust made payments on the second installment.
Does anyone here know if by moving rental properties into separate LLCs could be a legal way to avoid the $10K prop tax deduction limit?
ParticipantHighly recommend El Salvadoreño on Imperial Ave if you want to try pupusas and El Salvadorian food in general. Go for the sampler platter if you’re not sure what you want to order.
MCD…is being saved by their overseas expansions
Participant[quote=gzz]MCD prices are outrageous? Where do you go out to eat then?
The only fast food significantly cheaper than MCD are those gross $5 hot n ready pizzas.[/quote]
If burgers is your thing then you should try In&Out or Habit Burger. I find there prices quite reasonable.
ParticipantGood info on what this tax plan means:
Participant[quote=spdrun]Also, can someone apply to a UC as a different prospective major, then change to engineering/CS? Nothing wrong with a bit of creative prevarication to get what one wants.[/quote]
That was difficult even 30+ years ago. UCSD’s engineering became an impacted major as early as the late 80s….and it looks like the official policy now is that a student can’t change to an impacted/capped major.
https://students.ucsd.edu/academics/advising/majors-minors/capped-majors.html
ParticipantThere are many determining factors – ethnicity, desired field of study, gpa, sat scores. I know of a few AA kids graduating HS this summer with above 4.0 (weighted) and 2100 or higher on the SAT and didn’t get accepted to UCSD/UCI (engineering major). What major did your relative apply for?
April 1, 2017 at 8:14 AM in reply to: o.t. :braided stainless steel water line or soft copper (dishwasher) #806208ParticipantI like braided lines for durability and value. Soft copper lines may be “soft” but they’re still susceptible to being bent and kinks.
ParticipantThese rentals are 70’s east mira mesa 4/2 tract homes. The current rents are from $1900 to $2050. Similar homes (there aren’t many) are listed on CL for at least $500 more per month.
The tenants are all blue-collar kind of folks and the way I have looked at it is that they need an extra $$ more than I do (I know that’s a no-no way to think as a landlord/business). Ultimately, it’s a problem that I created by failing to raise rents for so many years and thus the big gap.
Thanks for the feedback. I wasn’t thinking of raising rents this year, was about to send out the renewals before posting here, but I think I will raise it by a small amount of $50/mo every year here on out.
Participant[quote=millennial]I don’t think that your calculation is right. There is a P component to the mortgage equation. If your calculation was right then 2% would be a 16x multiple and 1% would be 32x.[/quote]
Not really. At 2%, the multiplier is right around 10x and at 1% it’s about 12x or there about.
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