Search found 692 matches

by WanderingDoc
Sun Jun 17, 2018 1:41 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 127
Views: 9424

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

His numbers seem blatantly flawed by survivorship bias. If you include all the underperforming funds that got shut down over the years, the success rate (where success rate is defined as % of funds that beat the market) looks much worse, especially if you look at it after costs. Almost everything i...
by WanderingDoc
Sun Jun 17, 2018 12:14 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 58
Views: 8469

Re: Oh my! Cardone says we need $10m net worth

Fairly silly article with lots of holes. I would agree to be considered truly wealthy $10 million is a logical threshold. While I agree $1 million may not be enough, he ignores impact of social security. $40k swr+$30k SS = $70K is livable, although not at all extravagant. $5 million would give you ...
by WanderingDoc
Sat Jun 16, 2018 11:51 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 58
Views: 8469

Re: Oh my! Cardone says we need $10m net worth

He never said "do what I did" or "be like me". Wondering if that is projection or did you read that somewhere else? What that article essentially said was - $10M is enough to ensure you don't have any money problems, no matter what life throws your way. $1M isn't what it used to be. I don't think t...
by WanderingDoc
Sat Jun 16, 2018 11:24 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 58
Views: 8469

Re: Oh my! Cardone says we need $10m net worth

He never said "do what I did" or "be like me". Wondering if that is projection or did you read that somewhere else? What that article essentially said was - $10M is enough to ensure you don't have any money problems, no matter what life throws your way. $1M isn't what it used to be. I don't think t...
by WanderingDoc
Sat Jun 16, 2018 9:10 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 58
Views: 8469

Re: Oh my! Cardone says we need $10m net worth

If getting really wealthy is your goal, perhaps listening to someone with a $150MM net worth is better idea than someone who thinks $10MM is a lot. Grant Cardone had a crippling drug addiction and $0 to his name at age 25. Here is a powerful interview, very well done by London Real. If you want to ...
by WanderingDoc
Sat Jun 16, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 58
Views: 8469

Re: Oh my! Cardone says we need $10m net worth

If getting really wealthy is your goal, perhaps listening to someone with a $150MM net worth is better idea than someone who thinks $10MM is a lot. Grant Cardone had a crippling drug addiction and $0 to his name at age 25. Here is a powerful interview, very well done by London Real. If you want to ...
by WanderingDoc
Sat Jun 16, 2018 4:00 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 58
Views: 8469

Re: Oh my! Cardone says we need $10m net worth

If getting really wealthy is your goal, perhaps listening to someone with a $150MM net worth is better idea than someone who thinks $10MM is a lot. Grant Cardone had a crippling drug addiction and $0 to his name at age 25. Here is a powerful interview, very well done by London Real. If you want to g...
by WanderingDoc
Sat Jun 16, 2018 3:54 pm
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 127
Views: 9424

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

Except that the American Funds that he recommends have done quite well even after paying the loads. Certainly, indexing is hard to beat and Vanguard has cheaper and perhaps better alternatives even for active funds. Another area of disagreement is advising 100% stocks for investment accounts, way t...
by WanderingDoc
Sat Jun 16, 2018 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 184
Views: 10986

Re: MD&P just purchased X / sold Y [md&pharmacist]

Hi everyone. A number of Bogleheads have asked me to post how and when I buy such highly performing funds, and sell my under-performers. Barring a major correction/bear, looking to maintain an average 30-40% 1 year annualized return portfolio. I'll start with my last transaction: Purchased DXQLX on...
by WanderingDoc
Fri Jun 15, 2018 2:26 pm
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 58
Views: 8469

Re: Oh my! Cardone says we need $10m net worth

GC (along with Benjamin Franklin and Richard Feynman) is one of my heroes. He teaches us (rightly so) that common convention, common advice, and common teachings, are often dead wrong.
by WanderingDoc
Fri Jun 15, 2018 1:05 am
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 127
Views: 9424

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

He is getting a lot of people to clean up their debt and start investing. His 'show' is entertaining and uplifting. If his followers follow his advice and do active funds, most would be far better off than if they never ran into him to begin with. I just heard a podcast where he advised a young cal...
by WanderingDoc
Wed Jun 13, 2018 9:53 pm
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6551

Re: 35 and Need Help With Building Wealth

I see your point. Let me ask you this. How easy do you think it is for the average family who earns $4K per month and spends $4.5K per month, to save $1000, ie. spending $1500 less than they normally do. You are asking them to spend 1/3 of what they normally do just to get by. Clipping coupons, and ...
by WanderingDoc
Mon Jun 11, 2018 10:14 pm
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6551

Re: 35 and Need Help With Building Wealth

I appreciate your civil input. I will maintain my stance: you cannot shrink your way to wealth. Period. It cannot be done. If you earn $3000 per month and spend all of it, and you decide to save $1000 per month. Well, you decreased your quality of life by 34%, which at the same time adding worry and...
by WanderingDoc
Mon Jun 11, 2018 10:04 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8813

Re: Indexing will fail investors in next decade

wrongfunds wrote:
Mon Jun 11, 2018 10:23 am
Not only land can be created out of water, the existing land can be build *up*. The last time I tilted up my head, there was no limit as to how high the things on the land can go! If you can't grow in X or Y axis, there is always Z axis for RE to spread out.
Zoning laws.
by WanderingDoc
Mon Jun 11, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8813

Re: Indexing will fail investors in next decade

Umm.. literally everything that has a government attached to it (which is close to everything period) is enforced and enforceable by violence. This is nothing new. Its a sad truth we all have to live with unless you want to go entirely off the grid. I think some of us are trying to understand your ...
by WanderingDoc
Sun Jun 10, 2018 9:55 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8813

Re: Indexing will fail investors in next decade

I like my odds with real estate by a mile since land is a finite commodity and they aren't making any more of it. Paper has no value, currency can be manipulated, printed, and created out of thin air in all sorts of ways. ... Presumably you're aware that what we think of as real estate ownership is...
by WanderingDoc
Sun Jun 10, 2018 7:34 pm
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 141
Views: 20138

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

Do you think rental income or cash can function in a similar fashion to bonds in your example above? My rentals are returning 15-20% annualized and cover my living expenses. So in theory it should support conservative spending in perpetuity. Would that be a reasonable case to just add money into eq...
by WanderingDoc
Sun Jun 10, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6551

Re: 35 and Need Help With Building Wealth

Are we going to continue with this Dave Ramsey limited thinking? Life is about enjoyment, and doing what you want. Not restricting things. I have already explained that is MUCH easier to earn X amount than it is to deprive yourself of X amount. There is a reason why 90%+ of those who listen to and f...
by WanderingDoc
Sun Jun 10, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 141
Views: 20138

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

I love Buffett, but I don't have the stomach for 90% stocks. I will stick with 60/40 and hopefully it gets me there. I'm there myself at 60/40 but doesn't the idle 40% gnaw at your soul? It's taken every once of my will to not 75/25 and live with the consequences. At 41, and fundamentally optimisti...
by WanderingDoc
Sun Jun 10, 2018 1:11 am
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6551

Re: 35 and Need Help With Building Wealth

I would never recommend to lower expenses / save more money. This is typical much harder than to just INCREASE INCOME. It also leads to a contracted way of thinking and a lower quality of life. Way easier to earn an extra $500 per month than to cut something you enjoy to save a measly $200. Not wort...
by WanderingDoc
Sat Jun 09, 2018 5:21 pm
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 141
Views: 20138

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

I'm not sure why either. I've been trying to understand for nearly a year on this forum. The minds on this forum are very bright, much smarter than me. I have learned a ton in a short time. But people on here will insist to invest in inferior assets by nearly every single metric except liquidity. T...
by WanderingDoc
Sat Jun 09, 2018 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review: Very conservative, primarily interested in capital preservation
Replies: 30
Views: 4286

Re: Portfolio Review: Very conservative, primarily interested in capital preservation

I wanted to congratulate you on your success so far. Reading your post, I felt like I was reading something I would write. Real estate investing and travel are, and will continue to be, two of my greatest passions. I started investing in real estate in late 2014, and now own a 7-figure real estate p...
by WanderingDoc
Sat Jun 09, 2018 11:19 am
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 141
Views: 20138

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

I'm not sure why either. I've been trying to understand for nearly a year on this forum. The minds on this forum are very bright, much smarter than me. I have learned a ton in a short time. But people on here will insist to invest in inferior assets by nearly every single metric except liquidity. T...
by WanderingDoc
Sat Jun 09, 2018 12:24 am
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 141
Views: 20138

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

I'm not sure why either. I've been trying to understand for nearly a year on this forum. The minds on this forum are very bright, much smarter than me. I have learned a ton in a short time. But people on here will insist to invest in inferior assets by nearly every single metric except liquidity. T...
by WanderingDoc
Fri Jun 08, 2018 10:01 pm
Forum: Investing - Theory, News & General
Topic: VMMXX (Vanguard Prime MM) risks
Replies: 71
Views: 7319

Re: VMMXX (Vanguard Prime MM) risks

You guys I guess are quicker/braver than I. I currently hold about 5X the capital in my Ally Savings account than my VMMXX taxable account. It just seems more liquid/easier to move around. When I want to wire funds for a syndicated real estate deal as an equity partner, I can just log onto Ally or c...
by WanderingDoc
Fri Jun 08, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 141
Views: 20138

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

I'm not sure why either. I've been trying to understand for nearly a year on this forum. The minds on this forum are very bright, much smarter than me. I have learned a ton in a short time. But people on here will insist to invest in inferior assets by nearly every single metric except liquidity. Th...
by WanderingDoc
Fri Jun 08, 2018 7:47 pm
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 141
Views: 20138

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

During this year's annual Berkshire Hathaway meeting, Buffett said: "Bonds are a terrible investment at anywhere near current yields.” He continued, “The only time bonds were interesting was in the early to mid-1980’s" So what should we invest in besides stocks? Real estate. Banks give you the mone...
by WanderingDoc
Fri Jun 08, 2018 7:28 pm
Forum: Personal Consumer Issues
Topic: Anyone Deleting Facebook?
Replies: 338
Views: 24002

Re: Anyone Deleting Facebook?

I have had my facebook deactivated for the last 7 months. Most productive and content 7 months in recent memory. Best shape of my life, not as reactive, equanimity throughout the day, etc. I recommend this to everyone. Your social life won't end, I promise. It will just become more authentic. I hesi...
by WanderingDoc
Fri Jun 08, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you Invest in Good Economy like this ?
Replies: 27
Views: 2109

Re: Where do you Invest in Good Economy like this ?

Ain't that the truth!
tesuzuki2002 wrote:
Fri Jun 08, 2018 4:47 pm
johnpau wrote:
Fri Jun 08, 2018 11:57 am
Where do you plan on Investing in Good Economy like this ?

I meant which part of the economy ( stocks,bonds,CDs,Real Estate,cash,..)
Invest in yourself. It Pays dividends down the road in all economies!!!
by WanderingDoc
Fri Jun 08, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Achieved FIRE, what next? [Financial Independence Retire Early]
Replies: 14
Views: 2576

Re: Achieved FIRE, what next? [Financial Independence Retire Early]

I don't even need to read the replies to your post to guarantee what they will be. "Real estate is risky, it's bad, you should invest in index funds and work for the next 10-15 years at least." I have also achieved FIRE through real estate investing in 3.5 years time. My net cash flow of $3700 more ...
by WanderingDoc
Fri Jun 08, 2018 10:14 am
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8813

Re: Indexing will fail investors in next decade

So, the land that UAE created, really helped lower those property values right? 8-) Rock bottom prices! The fact that some countries go through the trouble of making a tiny bit of land sort of solidifies my point. I like my odds with real estate by a mile since land is a finite commodity and they ar...
by WanderingDoc
Fri Jun 08, 2018 12:26 am
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8813

Re: Indexing will fail investors in next decade

I like my odds with real estate by a mile since land is a finite commodity and they aren't making any more of it. Paper has no value, currency can be manipulated, printed, and created out of thin air in all sorts of ways. Many of my colleagues saw increased rents and lower vacancies during the 2007-...
by WanderingDoc
Thu Jun 07, 2018 11:34 pm
Forum: Investing - Theory, News & General
Topic: Indexing will fail investors in next decade
Replies: 57
Views: 8813

Re: Indexing will fail investors in next decade

You don't have at least a slight, really back of your mind, possibly, maybe, worry? Not every party last forever. Things change. Niels Jensen, author of The End of Indexing: Six structural mega-trends that threaten passive investing (Harriman House), is chief investment officer of London-based Absol...
by WanderingDoc
Thu Jun 07, 2018 9:45 pm
Forum: Investing - Theory, News & General
Topic: The Global Market Portfolio, 1959-2015
Replies: 18
Views: 1562

Re: The Global Market Portfolio, 1959-2015

Interesting post, Todd. I would say that the 3% real estate figure is grossly under estimated. The majority of the "money" in equities and bonds is imaginary, fake money that was created by printing paper, credit, debt, debt on existing debt, etc. We should keep this in mind. The amount of actual va...
by WanderingDoc
Thu Jun 07, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Rising Interest Rate Strategy
Replies: 35
Views: 4009

Re: Rising Interest Rate Strategy

In a rising interest rate environment where's the best place to be? Know that bonds will decrease in value with an increase in interest rate...at least in the short term. What about stocks? A couple months back when they were talking about interest rates going up I was reading in articles that this...
by WanderingDoc
Wed Jun 06, 2018 9:14 pm
Forum: Investing - Theory, News & General
Topic: At what point do you lose your privilege to invest (in the U.S.)?
Replies: 24
Views: 2689

Re: At what point do you lose your privilege to invest (in the U.S.)?

You sure about that? An acquaintance of mine born in the U.S., lived in Japan for 16 years (1989-2005), had plenty of businesses and careers in Japan, then lived elsewhere in Asia, and has now returned back home to the States. No problem. Probably not necessary (or even possible) to become a Japanes...
by WanderingDoc
Wed Jun 06, 2018 9:10 pm
Forum: Investing - Theory, News & General
Topic: At what point do you lose your privilege to invest (in the U.S.)?
Replies: 24
Views: 2689

Re: At what point do you lose your privilege to invest (in the U.S.)?

This is such great news! It made my day. I doubt I would stay more than 5 years in Japan. However, even if I do, I doubt my U.S. rental income will be taxed twice. It would either be taxed under the U.S. rules (which is usually no tax or even a net loss on leveraged real estate) or under Japan's rul...
by WanderingDoc
Wed Jun 06, 2018 3:46 pm
Forum: Investing - Theory, News & General
Topic: At what point do you lose your privilege to invest (in the U.S.)?
Replies: 24
Views: 2689

Re: At what point do you lose your privilege to invest (in the U.S.)?

Interesting. The other guy suggested to not go out of your way say you aren't currently residing in the U.S., but gilgamesh is taking the opposite stance. I think the main thing I was concerned about a 5-10 year absence from the U.S., if one can set it up in such a way that it won't affect your asse...
by WanderingDoc
Wed Jun 06, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: At what point do you lose your privilege to invest (in the U.S.)?
Replies: 24
Views: 2689

Re: At what point do you lose your privilege to invest (in the U.S.)?

Generally, nothing. You are a us citizen and want to move overseas for a few years but have existing investment accounts in the us. As long as you maintain an address on file in the us for your accounts, you would not normally have a problem. This could be close family member you visit or you could...
by WanderingDoc
Wed Jun 06, 2018 10:48 am
Forum: Investing - Theory, News & General
Topic: At what point do you lose your privilege to invest (in the U.S.)?
Replies: 24
Views: 2689

Re: At what point do you lose your privilege to invest (in the U.S.)?

Generally, nothing. You are a us citizen and want to move overseas for a few years but have existing investment accounts in the us. As long as you maintain an address on file in the us for your accounts, you would not normally have a problem. This could be close family member you visit or you could...
by WanderingDoc
Wed Jun 06, 2018 12:27 am
Forum: Investing - Theory, News & General
Topic: At what point do you lose your privilege to invest (in the U.S.)?
Replies: 24
Views: 2689

Re: At what point do you lose your privilege to invest (in the U.S.)?

Got it. The first part of your post makes sense and is encouraging. Would it help if someone maintains their citizenship as they travel about? I mean, I have known a few folks were were born in the States, CA whatever, then lived in Asia for decades, only to come back to the States in their 50s and ...
by WanderingDoc
Tue Jun 05, 2018 11:45 pm
Forum: Investing - Theory, News & General
Topic: At what point do you lose your privilege to invest (in the U.S.)?
Replies: 24
Views: 2689

At what point do you lose your privilege to invest (in the U.S.)?

I wanted to get some feedback on this. Hopefully, someone has some experience of knowledge on this subject. If a resident of the U.S. who invests in mutual funds at Vanguard, TSP, and the like decided to move overseas, and live there potentially long term (5+ years). What happens to your investment ...
by WanderingDoc
Sun Jun 03, 2018 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 273
Views: 12411

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

So you are a career student? Congrats on all the diplomas. I like to focus on making money myself. I think this would be a waste from a financial perspective but you might enjoy the educational side of it. Making money gets boring eventually. For a man in particular, needs very little to be content...
by WanderingDoc
Sat Jun 02, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 145
Views: 14358

Re: Vangaurd Municipal Money Market VMSXX 1.39%

Thanks, that's helpful. I think I will just stick to Prime MMF for a while. Too much hassle to track and move around money every month for a few dollars in interest. Prime definitely is better now. I'm sure it will be reported in this thread when the muni MM funds start looking more attractive agai...
by WanderingDoc
Sat Jun 02, 2018 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 145
Views: 14358

Re: Vangaurd Municipal Money Market VMSXX 1.39%

No idea. First time I've owned a tax-exempt MMF. Just transferred to Prime MMF. I am guessing that savings accounts and MMFs are taxed the same way/amount, so it looked like Vanguard Prime is slightly better than Ally savings, without the FDIC insurance. Will do. Is it as easy as logging into Vangu...
by WanderingDoc
Sat Jun 02, 2018 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 145
Views: 14358

Re: Vangaurd Municipal Money Market VMSXX 1.39%

No idea. First time I've owned a tax-exempt MMF. Just transferred to Prime MMF. I am guessing that savings accounts and MMFs are taxed the same way/amount, so it looked like Vanguard Prime is slightly better than Ally savings, without the FDIC insurance. Will do. Is it as easy as logging into Vangua...
by WanderingDoc
Sat Jun 02, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 145
Views: 14358

Re: Vangaurd Municipal Money Market VMSXX 1.39%

HEDGEFUNDIE wrote:
Sat Jun 02, 2018 11:02 am
You should move the funds to Prime Money Market instead; it’s paying 1.91%
Will do. Is it as easy as logging into Vanguard and hitting "exchange" within the VMSXX? I guess I would then start receiving a tax form after doing this.
by WanderingDoc
Sat Jun 02, 2018 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 145
Views: 14358

Re: Vangaurd Municipal Money Market VMSXX 1.39%

Rats, VMSXX SEC yield is down to only 1.10%. TEY of only 1.45% at 24% tax bracket.

What's the best way to move these funds to my Ally savings account? I have never sold/moved a MMF before. I heard it's supposed to work like a checking account. Thanks in advance for your help.
by WanderingDoc
Sat Jun 02, 2018 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Why have a savings account at all?
Replies: 153
Views: 10368

Re: Why have a savings account at all?

Because placing your entire living savings/net worth in paper (stocks and bonds) is careless, at best. Zero control over your investment. My order for safety, control, and security: 1. Real estate 2. Cash/Gold ... ... 3. Paper assets I don't hold gold, but I maintain roughly a 70/20/10 allocation o...
by WanderingDoc
Fri Jun 01, 2018 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Rental property sanity check
Replies: 6
Views: 799

Re: Rental property sanity check

Everything in your last paragraph is correct. You can also write off depreciation for the next 27.5 years. I legally pay zero tax on my rental real estate, despite it generating enough income to cover my living expenses each month (~$3500). The #1 piece of advice I hear from older real estate invest...