Search found 140 matches

by monsterid
Mon Jan 15, 2024 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Using Roth to buy 2nd Home
Replies: 27
Views: 3056

Re: Useing Roth to buy 2nd Home

Do you have any balances in traditional accounts? 401k or IRA? If so, what is your annual ordinary and capital gains income today?

There is a world where it would be more tax effective overall (incorporating taxes for your kids down the line) to drain down your traditional balances if you are in a low tax bracket. Doing that over a year, two or three could potentially withdraw the same total dollars at 0-10% tax and saving those juicy Roth balances and their tax status for the kids / later.

Not a tax professional, but if this is the case might be worth seeking more sophisticated advice!
by monsterid
Mon Jan 15, 2024 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal Tax Bracket Management Tools
Replies: 5
Views: 1078

Marginal Tax Bracket Management Tools

Hi - I realized I really messed up managing my marginal tax brackets in 2022 and 2023, contributing to Traditional 401ks instead of Roths, not harvesting gains while in the 12% bracket, etc. Are there tools / calculators or methods DHs use to estimate and manage their marginal tax rate throughout the year? Here is the TurboTax calculator I recently found, but unsure if there is something more sophisticated I should use? https://turbotax.intuit.com/tax-tools/calculators/taxcaster/ I've previous to this been a "max it out in January" type person, so historically all our pre-tax 401k accounts have been set to 100% contributions until maxed, but I'm realizing that's resulted in me losing degrees of freedom. Our household ordinary inco...
by monsterid
Sun Jan 07, 2024 9:59 am
Forum: Personal Finance (Not Investing)
Topic: buying car on lease and paying off in 1 month
Replies: 27
Views: 5510

Re: buying car on lease and paying off in 1 month

Raycpact wrote: Tue Mar 07, 2023 6:25 am Read carefully. Many leases require full payment of all lease payments. Unlike a loan where you are committed to pay balance, many leases require paying all payments without a discount.
This. No free lunch here.
by monsterid
Thu Jan 04, 2024 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Super awkward new employer situation
Replies: 144
Views: 26867

Re: Super awkward new employer situation

You could probably sue them. Get a lawyer to send a letter, you'll probably get a settlement.
by monsterid
Mon Jan 01, 2024 6:52 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 3623
Views: 569198

Re: Post your Financial Milestone Announcements Here

TwstdSista wrote: Sat Dec 30, 2023 2:22 am What a great year - so many milestones!

Our retirement portfolio added a comma this year. Our total net worth went up by more than our total combined income. And I have to file Form 5500ez for my solo 401k for the very first time. Fun times!
Nice, congrats. Your post made me realized 2 of those 3 also applied to me! Hopefully the 5500EZ isn't too difficult, it's on my to-do list for this week.
by monsterid
Mon Jan 01, 2024 6:07 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 5250
Views: 906920

Re: What are you up YTD? [Year To Date]

Looks like 22.17% across the 3/4 accounts where I didn't make contributions. As low at 17% as high as 26% with the 2 at 22/23%. I'm typically VTSAX / VTIAX, I believe the 26% was a VTSAX only account, 17% had largest international exposure.
by monsterid
Tue Nov 14, 2023 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity / Vanguard business account
Replies: 8
Views: 963

Re: Fidelity / Vanguard business account

Definitely more physical paperwork to get setup (painful frankly) but once setup, its solid and has by far the best investment options. Would recommend for your companies treasury.
by monsterid
Sat Apr 20, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1mil home?
Replies: 64
Views: 9540

Re: Can we afford a $1mil home?

trustquestioner wrote: Thu Apr 11, 2019 2:33 pm Every Bay Area housing thread leaves me staring at the post hoping there was a typo or something.

Unless you absolutely have to live there, I don’t get it. You can move to the Midwest, live a much better quality of life on half the income and have plenty left over for multiple luxury trips back, should you so desire.
You got a job for me on my current income? If so sign me up and I'll move to wherever in the Midwest you are!

But seriously, I think that's the point, for the types of jobs many people are doing in Bay Area or NYC, either the pay or the roles don't exist in the Midwest.
by monsterid
Sat Apr 20, 2019 1:30 pm
Forum: Personal Investments
Topic: Saved over 80k, should I look for a Savings or MMA?
Replies: 15
Views: 2593

Re: Saved over 50k, should I look for a Savings or MMA?

Vanguard Treasury Money Market Fund is a money market fund, not a money market account. Hence, it is not FDIC insured. However, as the name implies, Vanguard Treasury Money Market Fund is a fund comprised of only Treasury. The Treasury is the US govt itself. Your dollar/FDIC/etc is what it is because it is backed by the Treasury. And if money market funds ever break the buck (which is very very very rare), it is backed by SIPC on the investments within it. The Treasury money market fund is special in that it is comprised of only treasuries as an investment, so yes, you are fine. FDIC is safe because it is backed by Treasury. And a treasury money market fund is simply the Treasuries itself. It is 2.36% right now and state/local tax free. ht...
by monsterid
Sat Mar 30, 2019 9:26 pm
Forum: Personal Investments
Topic: Saved over 80k, should I look for a Savings or MMA?
Replies: 15
Views: 2593

Re: Saved over 50k, should I look for a Savings or MMA?

I have mine at Rising Bank, which is on your list. Works fine work me, I use to be at Marcus as well but the extra rate had me move across.
by monsterid
Mon Mar 18, 2019 11:35 am
Forum: Personal Investments
Topic: Where do you keep your Emergency Fund?
Replies: 81
Views: 18143

Re: Where do you keep your Emergency Fund?

Been using it for about a month, it's solid.

I kept my checking at the big bank, just easier.
by monsterid
Mon Mar 18, 2019 11:15 am
Forum: Personal Investments
Topic: Where do you keep your Emergency Fund?
Replies: 81
Views: 18143

Re: Where do you keep your Emergency Fund?

Check out Rising Bank, currently 2.45% better than Marcus / Ally etc on pure rate at least.
by monsterid
Sat Oct 13, 2018 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: I'm an employer looking to get the best 401k deal for my employees!
Replies: 17
Views: 1858

Re: I'm an employer looking to get the best 401k deal for my employees!

I was in the same predicament as you a few years back; when I took on the role, we were using an insurance company- obviously a big mistake based on charges! We moved over to Ascensus, which was Vanguard's platform for a few years. The fees were MUCH better; however, they did not supply the fiduciary support that a business needs. After they failed to file the correct tax forms over and over again, in addition to the new Fiduciary law, we decided to change again. We currently use Paychex for our HR management, and they offer 401(k) with full support for the Fiduciary law; the LAST thing you want is for an employee to sue you 20 years from now because an "i wasn't dotted"; we pay a bit more for this support vs. Ascensus, but it he...
by monsterid
Sat Oct 13, 2018 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: I'm an employer looking to get the best 401k deal for my employees!
Replies: 17
Views: 1858

Re: I'm an employer looking to get the best 401k deal for my employees!

anonenigma wrote: Sat Oct 13, 2018 10:46 pm Consider Vanguard. My wife's organization just went with them and decided to pay the annual fee for employees.
Yup, will definitely ask for a quote.
by monsterid
Sat Oct 13, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: I'm an employer looking to get the best 401k deal for my employees!
Replies: 17
Views: 1858

Re: I'm an employer looking to get the best 401k deal for my employees!

gclancer wrote: Sat Oct 13, 2018 8:41 pm
stan1 wrote: Sat Oct 13, 2018 8:38 pm I am aware of "Ubiquity" and "Employee Fiduciary" who specialize in working with smaller businesses but have no other personal experience good or bad with them. Employee Fiduciary says they offer Vanguard funds and their AUM fee is 8 bps.
Employee Fiduciary should be on your short list.
Just sent them an enquiry!
by monsterid
Sat Oct 13, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: I'm an employer looking to get the best 401k deal for my employees!
Replies: 17
Views: 1858

I'm an employer looking to get the best 401k deal for my employees!

Hi All, I've been a boglehead for awhile (frequent reader, infrequent poster). I'm the CFO of a small/medium sized company and so essentially I'm the final decision maker on benefits. I'm looking to add a 401k program as we are getting towards 30-40 employees. It won't have a match to start, but as the business continues to grow I hope to add that later. I'm looking to see if anyone in the community has shopped for a 401k plan from an employer perspective (and the boglehead perspective). I want to ensure our team gets amazing plan options and the cost structure is reasonable consistent with all the values and best practices of bogleheads. To date I've looked at Slavic 401k and Betterment and wasn't impressed with the 40-60bps AUM fee they c...
by monsterid
Sat Jan 13, 2018 10:22 pm
Forum: Personal Investments
Topic: How did Oakmark Equity and Income beat the S&P 500 since 1995
Replies: 3
Views: 1064

Re: How did Oakmark Equity and Income beat the S&P 500 since 1995

They had huge outperformance early in the fund life and compounding from there means they are still ahead. They didn't outperform last year, the 3, 5 or 10 years before that... it was all like 2003-2007.
by monsterid
Fri Jan 05, 2018 12:03 am
Forum: Personal Investments
Topic: Ways to withdraw from Kraken in USA?
Replies: 7
Views: 1706

Re: Ways to withdraw from Kraken in USA?

Use LTC not BTC. You should be good.
by monsterid
Thu Jan 04, 2018 10:57 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 233
Views: 37177

Re: Hitting The Sell Button

Quality problems to have =) Think of these good times during the next recession. A big reason I am doing this is the regret I experienced during the 2008-2009 bear market. I let my winners run and run and run without taking anything off the table. Rebalancing was hardly in my vocabulary. I told myself that I would rebalance during the next bull market. The thing is, I should be really happy and I am. It is just that I am a stock guy and mostly optimistic, it pains me a bit to keep selling stock to buy bonds that yield 2-3%. Pretty much, as the portfolio grows so do the actual dollar gains and losses as the market fluctuates. I want to control risk and volatility. I also realize that retirement is coming closer and closer. Yeah but you'll b...
by monsterid
Wed Jan 03, 2018 10:40 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 233
Views: 37177

Re: Hitting The Sell Button

Quality problems to have =) Think of these good times during the next recession.
by monsterid
Mon Jan 01, 2018 3:50 pm
Forum: Investing - Theory, News & General
Topic: What the experts say about Bitcoins?
Replies: 114
Views: 11315

Re: What the experts say about Bitcoins?

... I don't think the naysayers of Bitcoin question the value of blockchain. People are getting stronger opinions b/c they sense a bubble and the folks already invested in Bitcoin are defending it by pointing to blockchain's value. Seems that's sidestepping the question to me... :thumbsup Blockchain technology will have a future with or without Bitcoin or any other 'crypto currency' that pops up. I can't get past the comments from Warren Buffett I posted above. Bitcoins value only comes from the willingness of people to exchange their sovereign currency for it. There is no mandate (or even much desire as far as I can tell) for people to value transactions in it. People will still be required to value there exchanges and pay taxes in dollar...
by monsterid
Mon Jan 01, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 110
Views: 12570

Re: Individual Stocks That Went Bust

Radio Shack
Circuit City
by monsterid
Mon Jan 01, 2018 3:38 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 5250
Views: 906920

Re: What are you up YTD? [Year To Date]

johnra wrote: Mon Jan 01, 2018 3:34 pm Overall, up 17.5% for the year, mostly 60% stocks, 40% bonds.

But I do have one small account where I pick stocks I think are special, buy and hold, and that account is +49% for the year (and up 300% over the last 5 years).
Completely cheating vs the "book" but I do it to. It's virtually a hobby for me, sounds like it's probably an interest for you too rather than a full-blown investment strategy that you are relying on for retirement.
by monsterid
Mon Jan 01, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 5250
Views: 906920

Re: What are you up YTD? [Year To Date]

79.4% (although this includes savings in, haven't stripped out net-adds yet on my calcs). That's breathtaking! How did you get this kind of gain? TravelforFun Ok this questions has forced me to pull my finger out and do the math =) A combination of factors. Mostly luck. Individual equities during the year increased 338% and went from 10% of my portfolio (my target allocation) to 25%. I hold a small portfolio: FB, AMZN, T, V, MA, TSLA etc. I also bought a couple of small cap stocks that I researched heavily and invested in that have done exceptionally well. I should mention I did something very non-BH and that's used margin. I got a 2.6% rate from my brokerage and so used that moderately to increase my exposure in my individual stock portfo...
by monsterid
Sun Dec 31, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 5250
Views: 906920

Re: What are you up YTD? [Year To Date]

79.4% (although this includes savings in, haven't stripped out net-adds yet on my calcs).
by monsterid
Sun Dec 31, 2017 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 4288
Views: 1082156

Re: Share your net worth progression

arsenalfan wrote: Tue Jul 18, 2017 9:47 am I'll give it a shot:
2002 $15k (finished grad school. 1983 Accord not included lol)
2007 $175k (finished medical training, very lucky on home appreciation/sale)
2009 $1MM (hit in late 2009 tons of saving for 2 years)
2012 $2MM (rinse, repeat)
2013 $2.4
2014 $2.8
2015 $3.4
2016 $4.2
Jul 2017 $4.9 (run bull run, I find this compounding stuff insane)
Dec 2017 update: $5.25 - gains exceed w2 income for first time!

80/20 since 2015, when I got my house in order and came to BH (though my FA wasn't doing too shabby).
Some alternative investments started to help out starting in 2015.
Trying to be mentally prepared for it to drop to 2.5 MM.
FIRE bro! Go get a club level season tickets and follow the lads for the away games. That's my dream!
by monsterid
Sat Dec 30, 2017 10:37 pm
Forum: Personal Investments
Topic: is using HSA as investment vehicle worth the trouble?
Replies: 50
Views: 8701

Re: is using HSA as investment vehicle worth the trouble?

My employer funds 100% of the HSA limit each year as standard when you choose the HDHP, so it's a bit of a no-brainer for me as my expected medical OOP is less than the HSA yearly cap. Anything I don't use is literally pre-tax free money in an at worst tax deferred account.

It's literally a small 401k with no match, just a company contribution.

I get the complexity, but we are BH's, this is what we do =)
by monsterid
Wed Dec 27, 2017 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Would you sign a non-compete for a side-gig consulting agreement?
Replies: 44
Views: 5224

Re: Would you sign a non-compete for a side-gig consulting agreement?

I did consult with a local (US-based) attorney, but they turned my job down, with the reason that the contract jurisdiction is in Canadian court. This was after clarifying with the US lawyer that I work in the US. I am now puzzled as a quick Google tells me CA does not enforce non-compete contracts, so where does the jurisdiction lie? Let's pretend that I intentionally decided to work full-time for their competitors that is based in CA, which laws would apply? Canada or US? The international nature of this also makes it hard for me to search for similar cases, and I can't seem to find an Avvo-type service for Canadian lawyers to get clarification. CA law would apply imho. Just change the governing law in the contract to CA to avoid all dou...
by monsterid
Wed Dec 27, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Would you sign a non-compete for a side-gig consulting agreement?
Replies: 44
Views: 5224

Re: Would you sign a non-compete for a side-gig consulting agreement?

Start-up CFO here.

1. A non-compete is virtually unenforceable in CA, so if you are there it isn't worth the paper its written on. Start-ups try and get it even in CA because the threat of it gives people pause.

2. Rip it out if you are an adviser, or limit it very strictly i.e. doesn't apply to full-time etc. Presumably you are an industry expert of some sort thats helpful to them, you have to keep your flex in your day job.

3. Their lawyer isn't going to want to give this an counsel his/her client against it, but at the end of the day this shouldn't be a deal killer.
by monsterid
Tue Dec 26, 2017 1:49 pm
Forum: Personal Investments
Topic: Going to Invest [inherited] 100k today. Need reassurance/help.
Replies: 14
Views: 2857

Re: Going to Invest [inherited] 100k today. Need reassurance/help.

I don't get half the comments in this thread.

$100k invested right now is going to be a tiny tiny fraction of the total dollars he/she will invest over the next 10 (let alone 20 or 30 years), especially at an income of >$300k as a MD. If the market falls, great, if the market goes up great. You will naturally dollar cost average across your working life if you maintain the right habits (which you clear are/will, I mean you are reading this forum!).

Time in the market > timing the market AND you will naturally HAVE to DCA across your career.

Solid plan, execute and get on with your life.

Congrats on finishing residency.
by monsterid
Sun Dec 24, 2017 5:38 pm
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 126
Views: 23331

Re: Help Me [Recover] My Bitcoin!

Yeah then he's done.
by monsterid
Sun Dec 24, 2017 5:37 pm
Forum: Personal Investments
Topic: Mega Backdoor Roth
Replies: 7
Views: 1282

Re: Mega Backdoor Roth

David Jay wrote: Sun Dec 24, 2017 11:58 am
monsterid wrote: Sun Dec 24, 2017 10:52 am I'm in a similar situation.

I have a solo 401k (no employees). This year I could definitely max it but would need to sell taxable investments to fully fund it. Wondering if the capital gains tax I pay now is worth getting this stuff into tax advantaged.
Obviously I don't know your age or financial situation, but pretty much: Yes
Yeah figured as much. Just don't like selling stuff (even tho I know I'm rebuying it pretty much immediately.
by monsterid
Sun Dec 24, 2017 10:52 am
Forum: Personal Investments
Topic: Mega Backdoor Roth
Replies: 7
Views: 1282

Re: Mega Backdoor Roth

I'm in a similar situation.

I have a solo 401k (no employees). This year I could definitely max it but would need to sell taxable investments to fully fund it. Wondering if the capital gains tax I pay now is worth getting this stuff into tax advantaged.
by monsterid
Sun Dec 24, 2017 10:49 am
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 126
Views: 23331

Re: Help Me [Recover] My Bitcoin!

feh wrote: Fri Dec 22, 2017 9:42 am
monsterid wrote: Fri Dec 22, 2017 9:05 am I'm not joking.

I have blockchain.info wallet and I use gemini to buy/sell. This is literally how I do it.
Yes, when you have the wallet that was used to receive the funds. The OP does not.
I thought he said he has the wallet ID and password?
by monsterid
Fri Dec 22, 2017 9:05 am
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 126
Views: 23331

Re: Help Me [Recover] My Bitcoin!

I'm not joking.

I have blockchain.info wallet and I use gemini to buy/sell. This is literally how I do it.
by monsterid
Thu Dec 21, 2017 9:51 pm
Forum: Personal Consumer Issues
Topic: Help Me [Recover] My Bitcoin!
Replies: 126
Views: 23331

Re: Help Me Cash Out My Bitcoin!

Hi. Four years ago someone online on a different forum was giving out small amounts of bitcoin as he was touting and promoting it. I signed up for an account on blockchain.info and sent him my blockchain address which I created (but I don't remember how exactly) and he generously gave me .05 bitcoin, worth about $15 at the time. It just sat there for years and I totally forgot about it. Well with the recent meteoric rise it's now worth over $930 and I'd like to cash it out before it crashes. The only problem is that I do not have the private key, only the public key. When I enter the public key in the blockchain.info search engine I see the .05 BTC sitting there. I've opened a new blockchain.info wallet and was able to import the .05 BTC i...
by monsterid
Thu Dec 21, 2017 9:07 pm
Forum: Investing - Theory, News & General
Topic: How I got to $1.5MM
Replies: 42
Views: 8966

Re: How I got to $1.5MM

Congratulations =)
by monsterid
Mon Dec 11, 2017 10:33 pm
Forum: Personal Investments
Topic: So bought Litecoin@ $150...
Replies: 14
Views: 3542

Re: So bought Litecoin@ $150...

I had some at $45. Swapped it into BTC. Doh!
by monsterid
Sat Dec 02, 2017 6:14 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 5250
Views: 906920

Re: What are you up YTD? [Year To Date]

YTD is +79.5% but that includes my contributions as I don't have a good way to strip that out currently so not really like to like.
by monsterid
Wed Nov 08, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Lively HSA offers first dollar investing
Replies: 352
Views: 78349

Re: New HSA provider Lively offers investments for $30/yr fee

So full disclosure, the CEO of this company spoke to me about an investment (I angel invest in technology companies). I want to be respectful and not reveal any information he gave me in confidence about the company or the economics. I'll leave it just by saying everything I've seen on his website and posted here is consistent with the information I've otherwise seen. I was impressed by him and this product. I'm going to open a HSA and see how we go.
by monsterid
Thu Sep 28, 2017 10:48 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 17677

Re: Any "average Joe" here actually make out well with individual stocks?

I hold about 20% of my portfolio in individual stocks because it keeps me interested and I enjoy it. I have a background in finance, so I guess I'm suppose to be good at it. Some years I underperform, some I outperform.

YTD I'm up 42.4% across my portfolio with the 80% in passive ETFs up ~14% (the market). So I've really killed it thus far on individual stocks. I'm usually buying small cap stocks which would go against much of the very good advice on this forum. But hey it keeps me interested and is almost sort of a hobby.
by monsterid
Sun Jun 18, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for 1099 Income
Replies: 18
Views: 2974

Re: Tax Strategy for 1099 Income

I am in the EXACT situation you are with W2 income + 1099 income. I do this: - Max 18k into W2 401k - Get any W2 401k match - Contribute 20% of net profit from schedule C to individual 401k pre-tax account - Contribute up to $54k (less all previous contributions above) to individual 401k after tax non-roth account and roll to Roth IRA (i.e. a "mega backdoor roth") - do a backdoor roth IRA by taking $5,500 into a tIRA and then rolling it to a rIRA (assume you don't have any other tIRAs i.e. 0 prior balance) I can do this because I have setup my own 401k rather than use off the shelf ones from Vanguard etc. PM if you need help on this, cost me $800. After I also do a HSA I'm at c. $63k in yearly tax advantages account contributions....
by monsterid
Mon May 22, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Term Insurance via 401k
Replies: 5
Views: 837

Re: Buying Term Insurance via 401k

I have an individual 401k with custom docs which allow this.

Sounds like there is virtually no upside.
by monsterid
Mon May 22, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Term Insurance via 401k
Replies: 5
Views: 837

Buying Term Insurance via 401k

Hi all,

I'm 30 year old male, whose likely to get engaged in the next 12 months. I've been looking into term life insurance as is best boglehead's practice! I have a individual 401k, I was wondering if it's worth and/or advantageous to buy my term insurance via the 401k at all? Are there tax advantages etc? Presumably the policy on death is paid to the 401k, which is then inherited and therefore trapped? On the flip side I can use pre-tax dollars to pay the premiums?

Appreciate any guidance the community could provide.

Cheers.
by monsterid
Thu May 18, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 211
Views: 37697

Re: For those with $500k-$1m in investments...

Age: 30
70% Taxable / 30% Retirement
by monsterid
Tue Apr 18, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private school for my kids?
Replies: 67
Views: 13314

Re: Can I afford private school for my kids?

As a kid that went through a Christian elementary school (private) and then to public high school and university I have to say I thought the public system was far better for my education and growth as an individual then the private tuition. Financially obviously it was also beneficial to my family as a whole and allowed me to have a much stronger financial start in life.

No one size fits all obviously!
by monsterid
Wed Apr 05, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: High Income earners, whats your Tax Strategy?
Replies: 122
Views: 22705

Re: High Income earners, whats your Tax Strategy?

Generating some self employment income and writing off appropriate expenses through Schedule C. Also opens up potential individual 401k options which could allow you to take advantage of difference between contribution + match at your day job and the $54k cap.
by monsterid
Mon Mar 20, 2017 3:20 am
Forum: Personal Investments
Topic: Generating income on margin to avoid paying margin interest
Replies: 4
Views: 1136

Re: Generating income on margin to avoid paying margin interest

I don't hate it. It's obviously a "more advanced" funding strategy.

I have access to a $200k personal line with my bank at 75bp over LIBOR at any time. It's super hard to ignore a cost of capital that low when looking at potential investments.

Goes without saying adding leverage to any investment adds financing risk. At 70-80% LVR I'd be ok sleeping at night, others may not.