Search found 203 matches

by 2m2037
Wed Jul 25, 2018 6:42 pm
Forum: Investing - Theory, News & General
Topic: Real estate investing - cons of investing in REITS vs physical house?
Replies: 17
Views: 743

Re: Real estate investing - cons of investing in REITS vs physical house?

Obviously the people who manage REIT's and dealing with all those issues aren't working for free. So it's about the cost of their services vs. how you would manage it yourselves. Whether that is a pro or con depends on your perspective. If I threw in a property manager into the mix of a physical ho...
by 2m2037
Wed Jul 25, 2018 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to verify if seller is legally collecting sales tax (CA)
Replies: 11
Views: 1528

Re: How to verify if seller is legally collecting sales tax (CA)

I should clarify - I was about to enter into a P2P transaction in which the seller claims to be an online business and thus needed to collect sales tax if I were to buy it from him, after we had agreed on a price. For example. If someone selling his old bicycle on Craigslist fraudulently claims that...
by 2m2037
Wed Jul 25, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: Where can I rent a Volvo?
Replies: 21
Views: 1712

Re: Where can I rent a Volvo?

Hi all, I am having trouble finding a car that accommodates my neck issues. I've even had to sell a new car 6 months after I bought it due to this issue. The problem was not apparent on repeated test drives; it showed up after a couple of days. I'd prefer not to have to do that again. Many people s...
by 2m2037
Wed Jul 25, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: Real estate investing - cons of investing in REITS vs physical house?
Replies: 17
Views: 743

Real estate investing - cons of investing in REITS vs physical house?

If I wanted real estate exposure in my portfolio, I could buy REITS instead of buying a physical house. In doing so I would not have to concern myself with tenant issues, leaky roof issues, HOA issues, so on and so forth. I would be able to diversify my real estate holdings (buying into industrial b...
by 2m2037
Thu Jul 12, 2018 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: How to verify if seller is legally collecting sales tax (CA)
Replies: 11
Views: 1528

Re: How to verify if seller is legally collecting sales tax (CA)

GAAP wrote:
Tue Jul 10, 2018 12:42 pm
Ask for the seller's resale permit number. Verify at https://services.cdtfa.ca.gov/boewebser ... tion=SALES.
Thank you.
by 2m2037
Tue Jul 10, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: How to verify if seller is legally collecting sales tax (CA)
Replies: 11
Views: 1528

How to verify if seller is legally collecting sales tax (CA)

I'm looking at buying something via an online forum (not my first purchase), and sellers do not usually tack on a sales tax after agreeing on a price. However this person claims that he needs to collect sales tax as he is selling through his (online) business, and I'm looking for ideas on how to ver...
by 2m2037
Wed Jun 27, 2018 2:26 pm
Forum: Investing - Theory, News & General
Topic: How to companies claim loss for tax propose and profit on income statement?
Replies: 2
Views: 364

Re: How to companies claim loss for tax propose and profit on income statement?

You are probably confusing revenue with net profit.

An increase in revenue typically drives up share price.

Net profit/loss is what you pay tax on.
by 2m2037
Tue Jun 26, 2018 5:24 pm
Forum: Investing - Theory, News & General
Topic: Is day trading profitable?
Replies: 36
Views: 3293

Re: Is day trading profitable?

I think if I discovered a foolproof method of day trading I would never mention it to anyone to prevent the ability to do so being compromised by other people doing the same thing. Once I achieved my 100 million, then I would stop and retire the system, perhaps sharing it with my children or grand ...
by 2m2037
Tue Jun 26, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Is day trading profitable?
Replies: 36
Views: 3293

Re: Is day trading profitable?

Commercials and ads about people made a fortune through day trading/ strategic trading all over YouTube before every single warren buffett’s Videos. Is day trading profitable for most day traders? Is the success of Tim Sykes replicable? Is day trading profitable for most day traders? No, not most. ...
by 2m2037
Tue Jun 26, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: New car hit accident - loss of dimished value
Replies: 50
Views: 6443

Re: New car hit accident - loss of dimished value

I've gotten so much help here. It really is a fine group of folks sharing there day to day stumbles thru life. Hope they make a fair offer.If not counter and start the back and forth.They dug there heels in with us,but I though it was a good offer and did not waste any more time. rockon' 8-) Happy ...
by 2m2037
Tue Jun 26, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: New car hit accident - loss of dimished value
Replies: 50
Views: 6443

Re: New car hit accident - loss of dimished value

I've gotten so much help here. It really is a fine group of folks sharing there day to day stumbles thru life. Hope they make a fair offer.If not counter and start the back and forth.They dug there heels in with us,but I though it was a good offer and did not waste any more time. rockon' 8-) Happy ...
by 2m2037
Fri Jun 08, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6948

Re: Expensive house in HCOL area

I'm sure they plan on selling their home eventually (average American moves 11 times in their life) and if the loans are not paid off by then they can use some of the proceeds from the house sale. If they die before the loans are paid off, it will come out of their estate. They just don't need to s...
by 2m2037
Fri Jun 08, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6948

Re: Expensive house in HCOL area

I still don't see how one can "profit" from an increase in home value other than selling it. I'm sure they plan on selling their home eventually (average American moves 11 times in their life) and if the loans are not paid off by then they can use some of the proceeds from the house sale. If they d...
by 2m2037
Fri Jun 08, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6948

Re: Expensive house in HCOL area

I still don't see how one can "profit" from an increase in home value other than selling it. I'm sure they plan on selling their home eventually (average American moves 11 times in their life) and if the loans are not paid off by then they can use some of the proceeds from the house sale. If they d...
by 2m2037
Fri Jun 08, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6948

Re: Expensive house in HCOL area

You don't have to use HELC if you don't need it. A HELC is for things that's necessary: such as tuition, medical expense, etc. Many of earlier home owners in SF already has million in equity in house and could easily retire some LCOL area in the USA. Housing is very special depend where you buy. If...
by 2m2037
Fri Jun 08, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6948

Re: Expensive house in HCOL area

Yes, but what would you do with the additional loan... invest it? In their case, they bought solar panels, a chicken coop, and a new EV. Isn't that the same as taking a standalone loan to buy the same things? The way I see it, if they absolutely can't afford to repay the HELOC using existing income...
by 2m2037
Fri Jun 08, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6948

Re: Expensive house in HCOL area

They don't have to sell and leave, they can just HELC . Pro 13 capped property tax which is good for earlier buyers. What does this mean? He means people can use HELOC (home equity line of credit) to access the equity in their house. Very common in CA with people sitting on houses with greatly appr...
by 2m2037
Fri Jun 08, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6948

Re: Expensive house in HCOL area

Study shows in SF and SEA, people made more money from their home appreciation than their annual wages during last couple of years. Unless they up and left, they haven't made anything yet. nb: I'm living your statement and wondering about mine. They don't have to sell and leave, they can just HELC ...
by 2m2037
Thu Jun 07, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6948

Re: Expensive house in HCOL area

WhiteMaxima wrote:
Thu Jun 07, 2018 12:54 pm
Study shows in SF and SEA, people made more money from their home appreciation than their annual wages during last couple of years.
I don't think these are metrics we should compare side by side. Home appreciation is 100% paper while wages are immediately tangible.
by 2m2037
Thu Jun 07, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Expensive house in HCOL area
Replies: 70
Views: 6948

Re: Expensive house in HCOL area

My wife and I have rented for a long time. We don't like renting and do want to own. We've missed out on a ton of gains in real estate. But I bet we've actually made more by being invested in the stock market and by renting a comparatively smaller place than we would end out buying. Because we have...
by 2m2037
Tue Jun 05, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Contributed to FSA, switched employers and now contribute to HSA. What can I do with my FSA funds?
Replies: 8
Views: 440

Re: Contributed to FSA, switched employers and now contribute to HSA. What can I do with my FSA funds?

Thank you. I'll get my wife to check in with her new employer's benefits person to see what they say.
by 2m2037
Tue Jun 05, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Contributed to FSA, switched employers and now contribute to HSA. What can I do with my FSA funds?
Replies: 8
Views: 440

Re: Contributed to FSA, switched employers and now contribute to HSA. What can I do with my FSA funds?

Unenrolling from medical coverage is not enough to disenroll you from your FSA. Generally, your FSA coverage will end at the end of your FSA coverage year (some are calendar year, some are different) as long as you don't re-enroll for the following year. If your employer has a grace period on using...
by 2m2037
Tue Jun 05, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Contributed to FSA, switched employers and now contribute to HSA. What can I do with my FSA funds?
Replies: 8
Views: 440

Re: Contributed to FSA, switched employers and now contribute to HSA. What can I do with my FSA funds?

It is the same if she contributed or her employer did. Your wife is not an HSA eligible individual until the FSA coverage ends. The contributions are likely considered excess contributions. When does FSA coverage end? Is it the date we un-enroll from my company's insurance plan that used to cover u...
by 2m2037
Tue Jun 05, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Contributed to FSA, switched employers and now contribute to HSA. What can I do with my FSA funds?
Replies: 8
Views: 440

Re: Contributed to FSA, switched employers and now contribute to HSA. What can I do with my FSA funds?

If your FSA covers your wife, I don't think she is eligible to contribute to an HSA while you still covered by the FSA. I believe this also applies to employer contributions. EDIT: Saw that you mentioned this was used for dental/vision-- is it specifically limited to that? If so, you are OK but if ...
by 2m2037
Tue Jun 05, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Contributed to FSA, switched employers and now contribute to HSA. What can I do with my FSA funds?
Replies: 8
Views: 440

Contributed to FSA, switched employers and now contribute to HSA. What can I do with my FSA funds?

I was contributing to a regular FSA that I normally used for my family's dental/vision copays etc. My wife then switched to a new employer and we started coverage under a plan with her new employer where the employer opens a HSA account and contributes $2,700 to the HSA. The deductible for this new ...
by 2m2037
Thu May 31, 2018 6:46 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 13478

Re: how do you tip on wine at a restaurant

If I'm at a sports bar or similar, having a burger and a couple beers, I'll generally tip 20% - 40%. +1 Generally I tip 20% for adequate to good service or more for great service. However, when I go somewhere to watch a game, I'm usually staying there for 3-4 hours. I'm probably not drinking/eating...
by 2m2037
Thu May 31, 2018 6:30 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 13478

Re: how do you tip on wine at a restaurant

That irked me, so I instituted a charge back for the incorrect amount and got my $0.02 cents back. I call this the Superman III effect. Like we all think that if someone screws us out of 2 cents enough, they're getting rich off of our indifference. I'm sure if I were a waiter looking to get rich (a...
by 2m2037
Thu May 31, 2018 6:28 pm
Forum: Personal Consumer Issues
Topic: Advice on neighbor not keeping up his property...
Replies: 103
Views: 7899

Re: Advice on neighbor not keeping up his property...

I feel your pain. We live in a nice neighborhood and we have a grow house next door. The renters who were the "farmers" just moved out, and I am assuming the next renters will also be growers since they can hardly rent it out as is. The management company and the landlord are obviously well aware, ...
by 2m2037
Tue May 29, 2018 6:57 pm
Forum: Personal Consumer Issues
Topic: Advice on neighbor not keeping up his property...
Replies: 103
Views: 7899

Re: Advice on neighbor not keeping up his property...

I feel your pain. We live in a nice neighborhood and we have a grow house next door. The renters who were the "farmers" just moved out, and I am assuming the next renters will also be growers since they can hardly rent it out as is. The management company and the landlord are obviously well aware, ...
by 2m2037
Tue May 29, 2018 6:54 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 13478

Re: how do you tip on wine at a restaurant

Regarding the corkage fee: does none of it go to the server? I find it astounding that a diner should pay a sizable corkage fee plus a tip. It seems to me that if a corkage fee is charged, a healthy portion should go to the server. I go to a BYOB restaurant, and bring our own wine, but they don't c...
by 2m2037
Tue May 29, 2018 5:54 pm
Forum: Personal Consumer Issues
Topic: Advice on neighbor not keeping up his property...
Replies: 103
Views: 7899

Re: Advice on neighbor not keeping up his property...

A lot of people in this thread would be better off renting...
by 2m2037
Tue May 29, 2018 5:01 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 13478

Re: how do you tip on wine at a restaurant

Some will call me cheap, but I tip $10 for wine regardless of the price of the bottle, maybe $20 if it's a real swanky place and my employer is paying. They don't put in any more work on a $400 bottle vs. a $40 one. Why is it different for wine than food? Do they put in more work carrying out a $10...
by 2m2037
Tue May 22, 2018 11:11 pm
Forum: Personal Consumer Issues
Topic: New 2018 Nissan Leaf (with 150 mi range)
Replies: 52
Views: 5644

Re: New 2018 Nissan Leaf (with 150 mi range)

By all means calculate both outcomes....but the LEAF lease deals were WAY cheaper than buying a couple years ago. Frank, as you suggested I was trying to work out the Lease Vs Buy deal. As hedgefundie mentioned, there are some discounts that are only available if you buy and Nissan seems to be pock...
by 2m2037
Tue May 22, 2018 11:05 pm
Forum: Personal Consumer Issues
Topic: New 2018 Nissan Leaf (with 150 mi range)
Replies: 52
Views: 5644

Re: New 2018 Nissan Leaf (with 150 mi range)

For these shorter range EVs, with rapidly evolving tech.... lease if you can get a good deal. 300+ mile EVs will be cheap in 5 years. Reasons why you might want to buy instead of lease: 1. Certain discounts (e.g. PG&E) are only applicable to purchases. 2. Leases always include loan interest. Purcha...
by 2m2037
Tue May 22, 2018 4:05 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 13478

Re: how do you tip on wine at a restaurant

If you are not willing to tip the customary 15%+ on a meal, don't go to a restaurant. I am amazed at the mental gymnastics people are doing to justify not giving the proper tip. It's fine if you think the tipping system in the US is bad. No problem. Just don't take it out on the wait staff. Stay ho...
by 2m2037
Tue May 22, 2018 3:34 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 13478

Re: how do you tip on wine at a restaurant

Some will call me cheap, but I tip $10 for wine regardless of the price of the bottle, maybe $20 if it's a real swanky place and my employer is paying. They don't put in any more work on a $400 bottle vs. a $40 one. Why is it different for wine than food? Do they put in more work carrying out a $10...
by 2m2037
Tue May 22, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 13478

Re: how do you tip on wine at a restaurant

Some will call me cheap, but I tip $10 for wine regardless of the price of the bottle, maybe $20 if it's a real swanky place and my employer is paying. They don't put in any more work on a $400 bottle vs. a $40 one. Same concept with bringing a $120 steak vs a $12 burger to your table. Why would I ...
by 2m2037
Wed May 16, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11443

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

Did I read this right? OP has NOT maxed out their tax deferred space? What could be rational reason for that? I guess if a family has so much excess money to save, then I can understand they might decide to forgo the tax defer part and just pay the tax on it right now but even then I would think ta...
by 2m2037
Tue May 15, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11443

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

For 2018 there is an $18.5K employee elective contribution limit. That is a combined limit of both traditional deferrals and designated Roth contributions. For 2018 there is a $55K annual addition limit of employee + employer contributions. The only way to increase contributions beyond employee ele...
by 2m2037
Tue May 15, 2018 11:01 am
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11443

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

For 2018 there is an $18.5K employee elective contribution limit. That is a combined limit of both traditional deferrals and designated Roth contributions. For 2018 there is a $55K annual addition limit of employee + employer contributions. The only way to increase contributions beyond employee ele...
by 2m2037
Tue May 15, 2018 10:58 am
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11443

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

Do you have access to a traditional 401k as well? Are you eligible to deduct traditional IRA contributions? Remember that if one is making 4% withdrawals, a married filing jointly couple needs $600k in assets just to cover the 2018 standard deduction of $24k. If possible, all of that initial income...
by 2m2037
Tue May 15, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11443

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

can't everyone mega backdoor? Nope. Your 401k plan needs to have a couple of unusual features, primarily the ability to contribute post-tax and to make in-service distributions. There's a handful of good blog articles on this that explain it better than we can on these forums. This is one: https://...
by 2m2037
Mon May 14, 2018 6:08 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11443

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

You are very confused. You cannot put that all directly in a Roth 401k. The $18.5 limit applies to Roth and regular pre-tax 401k. There is no real reason to do after-tax 401k unless you can mega backdoor. I'm sorry, I meant an after-tax 401K. What do you mean by "unless you can mega backdoor", can'...
by 2m2037
Mon May 14, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11443

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

Do you have access to a traditional 401k as well? Are you eligible to deduct traditional IRA contributions? Remember that if one is making 4% withdrawals, a married filing jointly couple needs $600k in assets just to cover the 2018 standard deduction of $24k. If possible, all of that initial income...
by 2m2037
Mon May 14, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11443

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

I'm thinking of: 1. contributing $18.5K to the Traditional 401k account, 2. find out how much the employer match is, and 3. contributing the remaining into a Roth 401K to either. For example if the employer match amounts to $6.5K, then I would be able to put $35K into the Roth 401K account, instead ...
by 2m2037
Mon May 14, 2018 5:45 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11443

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

I max out to $60.5k (over 50). I do aftertax contributions and then a mega backdoor Roth. Between that and my tIRA backdoor Roths (wife and I), I am adding about $30k/year to my Roth accounts. I would too, if I were over 50 (sorry, I don't mean this in a "ha ha i'm young and you're old way"), but w...
by 2m2037
Mon May 14, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11443

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

why contribute after tax to a 401k if there is no deduction favorability or FIT wage reduction? :shock: just save the equivalent after tax money to a brokerage......... right? am I missing something obvious? If you put your after tax money in a brokerage, you're paying either income tax or capital ...
by 2m2037
Mon May 14, 2018 5:41 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11443

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

Do you have access to a traditional 401k as well? Are you eligible to deduct traditional IRA contributions? Remember that if one is making 4% withdrawals, a married filing jointly couple needs $600k in assets just to cover the 2018 standard deduction of $24k. If possible, all of that initial income...
by 2m2037
Mon May 14, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 11443

2018 401k limit is $55K - do you max it out? Why/why not?

We just realized that the 401k contribution limit is $55K. We always thought it was $18.5K, but just found out that $18.5K is the elective deferral portion but we can choose to contribute to it on a post-tax basis. A bit late to the game... :oops: Theoretically, if we are able to, should we max out ...