Search found 64 matches

by broslami
Thu Feb 22, 2018 5:18 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about selling GE to invest in an index fund
Replies: 24
Views: 2278

Re: Thinking about selling GE to invest in an index fund

These are the original 12 companies in the dow Jones in 1896 B.B - (before bogle) American Cotton Oil Company American Sugar Company American Tobacco Company Chicago Gas Company Distilling & Cattle Feeding Company Laclede Gas Company National Lead Company North American Company Tennessee Coal, Iron ...
by broslami
Thu Feb 22, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: CBD oil recommendations? [Cannabidiol oil]
Replies: 3
Views: 411

CBD oil recommendations? [Cannabidiol oil]

Have you had success with CBD oil? I'm looking at Functional Remedies to try. They have a sweepstakes for a free year of CBD on their site which someone sent me to from Facebook, ostensibly to increase their chances of winning. Do you know any other good CBD brands?
by broslami
Tue Feb 20, 2018 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off $372000 mortgage in 12 months
Replies: 43
Views: 6179

Re: Paying off $372000 mortgage in 12 months

If they're pulling in $30k plus per month, they don't get to use the mortgage interest deduction. They're over the income limit for that.... way over it. If this is a rental property, I see no point in throwing every extra dollar at it though. If someone else, the renter, is paying the mortgage and...
by broslami
Tue Feb 20, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 84
Views: 6998

Re: What's your cash position

2/3 equities
1/3 cash
by broslami
Tue Feb 20, 2018 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Paying off $372000 mortgage in 12 months
Replies: 43
Views: 6179

Re: Paying off $372000 mortgage in 12 months

If you can find $30k/month then I don't really see the urgency in paying it off. You have enough income that you could pay it off quickly whenever you want, and knowing you could pay it off is psychologically not that far from actually paying it off. What's the rate on the mortgage? Is it fixed rat...
by broslami
Mon Feb 19, 2018 1:10 am
Forum: Personal Finance (Not Investing)
Topic: Advice for DIY bookkeeping for S-Corp owner? Software/ systems?
Replies: 2
Views: 282

Advice for DIY bookkeeping for S-Corp owner? Software/ systems?

I have tried to work with accountants and bookkeepers before for the past few years but they all seem super-flakey and just fall off the face of the earth whenever I email them and ask them questions. I'm thinking about doing bookkeeping + taxes myself, but I tried Quickbooks online once at advice o...
by broslami
Mon Feb 19, 2018 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Looking for some help and fast (buying vs renting, net worth)
Replies: 52
Views: 3109

Re: Looking for some help and fast (buying vs renting, net worth)

I think it depends on what you'll be doing with the difference and also what interest rates will be 7-8 months from now, among other factors. Wages are going up which it hasn't in a long time. Sounds great, except that means inflation is picking up since everyone's getting more money such chasing af...
by broslami
Sun Feb 18, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: What home related expenses do I need to think of?
Replies: 16
Views: 825

Re: What home related expenses do I need to think of?

Blue Man,

Furniture and a bed. Plus if there's a Blue Woman, whatever she will want to buy to outfit the joint.

And what the above said
by broslami
Sun Feb 18, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off $372000 mortgage in 12 months
Replies: 43
Views: 6179

Paying off $372000 mortgage in 12 months

Hello, I've recently gotten the debt free bug and trying to reform my profligate ways. I have $372,000 left on my mortgage. I've set a goal of paying it off in 12 months. I have around $90k in cash after paying off my car. Assuming I put $50k into that to start, that would be about $30k per month to...
by broslami
Sun Feb 18, 2018 9:53 pm
Forum: Personal Finance (Not Investing)
Topic: Ok, so I paid off my car...now what about auto insurance?
Replies: 7
Views: 1160

Ok, so I paid off my car...now what about auto insurance?

So I am feeling boggly after paying off my auto

Wondering what sort of impact, if any, this should have on the auto insurance I'm paying?
by broslami
Sun Feb 18, 2018 3:52 am
Forum: Investing - Theory, News & General
Topic: I think US interest rates could drop.
Replies: 62
Views: 6620

Re: I think US interest rates could drop.

its possible. a more likely scenario is inflation is picking up so interest rates will go up.
by broslami
Sun Feb 11, 2018 4:16 am
Forum: Investing - Help with Personal Investments
Topic: Stay the course?
Replies: 65
Views: 7152

Re: Stay the course?

No, you should probably sell everything. You'll think back on this time and thank broslami.
by broslami
Sat Feb 10, 2018 4:00 am
Forum: Investing - Help with Personal Investments
Topic: Market Drop - Good Entry point?
Replies: 9
Views: 1373

Re: Market Drop - Good Entry point?

The best entry point is 20 years ago. The second best entry point is right now.
by broslami
Tue Feb 06, 2018 4:24 am
Forum: Investing - Theory, News & General
Topic: Short NVDA?
Replies: 11
Views: 861

Re: Short NVDA?

I have been long NVDA since the 20's. It's now 15% of my portfolio. I sold $5k 2 days ago just because.

So, no. Long and strong.
by broslami
Mon Feb 05, 2018 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Shorting AGG
Replies: 5
Views: 443

Shorting AGG

What do you think of the logic of shorting a high quality bond fund? Outgoing Fed chair Janet Yellen noted in her last meeting as the head of the US Federal Reserve January 31 that market-based inflation measures have been increasing of late and prices are projected to move higher in the near term. ...
by broslami
Sat Feb 03, 2018 12:35 pm
Forum: Investing - Theory, News & General
Topic: Amazon Stock - Can this giant be stopped?
Replies: 66
Views: 4000

Re: Amazon Stock - Can this giant be stopped?

Amazon is a good chunk of my portfolio

It's best play in tech currently

Valuing Amazon on EPS is missing the point,it's all about revenue + growth.

I don't see it being stopped. Despite run up is still a good buy that you won't regret in 20 years.
by broslami
Thu Feb 01, 2018 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Need some investment suggestion: will market crash big?
Replies: 21
Views: 2325

Re: Need some investment suggestion: will market crash big?

New York real estate is crazy expensive. Plus HOAs, taxes fees, etc etc. Maybe you want to go out for a meal? $300k doesn't go as far as you'd think in Manhattan. So yes, the market is going to crash big. And then it's going to go back up. And then crash again. And up etc. That's kind of how it work...
by broslami
Tue Jan 30, 2018 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Forget Bitcoin! Bananacoin is here!
Replies: 12
Views: 1975

Re: Forget Bitcoin! Bananacoin is here!

There's limited supply = it's kind of like gold! = where do I buy?
by broslami
Tue Jan 30, 2018 2:11 am
Forum: Investing - Help with Personal Investments
Topic: I bought a stock today - Redfin (RDFN)
Replies: 286
Views: 19481

Re: I bought a stock today - Redfin (RDFN)

A wonderful company =/= a wonderful stock

Unfortunately, this isn't even a wonderful company.

Good luck on it tho.
by broslami
Mon Jan 29, 2018 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: New HSA provider Lively offers investments for $30/yr fee
Replies: 216
Views: 25730

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

Anyone advice on here move from people who've moved from HSA Bank + TDAmeritrade to Lively + TDAmeritrade? Need to do it soon and so am not sure if I need to sell (and rebuy) my investments in TDAmeritrade when I make the switch. I'm actually in process of doing this exact thing right now. You just...
by broslami
Mon Jan 29, 2018 6:39 am
Forum: Investing - Help with Personal Investments
Topic: Invest in another rental property, pay debt, or index funds?
Replies: 5
Views: 576

Invest in another rental property, pay debt, or index funds?

Background 44, single, self-employed $330k/yr income $525 home, $383k mortgage @4.3% $33k car loan @4.4% $230k retirement - 50% in NVDA, GOOGL, FB, AMZN, V, JNJ (Currently trimming a few of these to add to bond index) 50% equity index fund $120k cash I purchased this home in August and I am AirBnBin...
by broslami
Mon Jan 29, 2018 2:55 am
Forum: Investing - Help with Personal Investments
Topic: Really hard to sell when the market is doing well!
Replies: 7
Views: 1487

Really hard to sell when the market is doing well!

I feel like I'm starting to earn some Boglehead stripes tonight. I mentioned in another thread that I had overweight tech like crazy - in particular started buying NVDA in 20's and now at $240 in 2 years, and is now grown to 15% of my portfolio. The two hardest decisions were a) rebuying another tra...
by broslami
Sun Jan 28, 2018 11:50 pm
Forum: Investing - Help with Personal Investments
Topic: What to do about bond allocation in 2018?
Replies: 2
Views: 512

What to do about bond allocation in 2018?

What to do about bonds here in 2018 as we enter the tightening cycle. I'm no Bill Gross obviously, but seems to me like bond funds are a bad place to be in a rising interest rate environment. Wouldn't the declining value of the bond fund overcome the increase in yield that you would likely see? Or w...
by broslami
Fri Jan 26, 2018 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: 50% of my portfolio in FANG - 15% in NVDA
Replies: 43
Views: 3627

Re: 50% of my portfolio in FANG - 15% in NVDA

Thanks for everyone's feedback.

I think where I've aligned is to keep what I have and start adding most of new capital to index funds.

I'm pretty clear that indexing + the tech names I own is the way to go for quite a while yet.

Thanks
by broslami
Fri Jan 26, 2018 4:17 am
Forum: Personal Finance (Not Investing)
Topic: Thinking through Paying Down the Mortgage
Replies: 58
Views: 4283

Re: Thinking through Paying Down the Mortgage

Keep the mortgage

It's cheap money

More importantly, a mortgage is the only way the average person has to short the US dollar.
by broslami
Fri Jan 26, 2018 3:43 am
Forum: Investing - Help with Personal Investments
Topic: Buying a home - Financial Benefits? HCOL
Replies: 75
Views: 3405

Re: Buying a home - Financial Benefits? HCOL

Owning a home is financial suicide: https://jamesaltucher.com/2015/10/own-house/

Buying a home to rent it out is a different matter.
by broslami
Fri Jan 26, 2018 12:49 am
Forum: Investing - Help with Personal Investments
Topic: Invest or wait?
Replies: 21
Views: 2278

Re: Invest or wait?

I would probably go to a cave and meditate on the future. When you have a good feeling in your belly, then it is likely the time to invest. Plus you could also invest when the market implodes and everyone thinks the world is going to end. If you invest at one of these two times you'll be ok. People ...
by broslami
Thu Jan 25, 2018 2:07 am
Forum: Investing - Help with Personal Investments
Topic: Will REIT funds ever see another drawdown like 2008?
Replies: 51
Views: 4365

Re: Will REIT funds ever see another drawdown like 2008?

My own 2 cents are that

a) REIT funds own a lot of retail/ shopping malls. Retail is in secular decline, and it is perceived by the market as being in secular decline.

b) Interest rates are gonna go up

These 2 factors to me say, no thank you.
by broslami
Thu Jan 25, 2018 2:03 am
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 124
Views: 17533

Re: My boneheaded financial mistakes

got married
by broslami
Thu Jan 25, 2018 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Worst financial moves ever made?
Replies: 6
Views: 1055

Re: Worst financial moves ever made?

Pajamas wrote: ↑
Thu Jan 25, 2018 12:55 am
What did you learn from it?
Don't get married.
Don't pull money out of your retirement account unless you're retired. :)
by broslami
Thu Jan 25, 2018 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Worst financial moves ever made?
Replies: 6
Views: 1055

Worst financial moves ever made?

What's your worst financial move and what did you learn from it? For me it was marrying the wrong person. And specifically during the divorce selling $50k of Google + Apple stock in my retirement account to pay for my divorce lawyer. Not only did I get hit with the IRS penalties which I spent a whil...
by broslami
Thu Jan 25, 2018 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Should I pay for an accountant or do it myself online Turbotax?
Replies: 21
Views: 2069

Should I pay for an accountant or do it myself online Turbotax?

I am self employed, have an LLC taxed as an S-Corp

I also have another LLC for a new rental property.

Accountant will run like $1k

Turbotax has an option where you can get live advice and for s-corp. I think it's a little over $100 or so.

Is it worth savings to DIY or should I use a pro?
by broslami
Wed Jan 24, 2018 1:43 am
Forum: Investing - Help with Personal Investments
Topic: When does your portfolio start taking on a life of it's own?
Replies: 3
Views: 730

When does your portfolio start taking on a life of it's own?

What dollar amount is it when your contributions can't keep up with the compounding growth
by broslami
Wed Jan 24, 2018 1:42 am
Forum: Investing - Help with Personal Investments
Topic: 22 yo with 70k new to investing with almost entire salary going towards savings
Replies: 22
Views: 2148

Re: 22 yo with 70k new to investing with almost entire salary going towards savings

Congrats you're off to a great start

When I was 22 I just sat around eating Doritos
by broslami
Wed Jan 24, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Anything better than HSA Bank?
Replies: 11
Views: 870

Anything better than HSA Bank?

Seems like the charge you a few bucks a month to invest at TD and a few bucks if you invest it all and balance goes under $5k
by broslami
Wed Jan 24, 2018 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Buy house next door house as a rental?
Replies: 24
Views: 1628

Re: Buy house next door house as a rental?

I would airbnb it out personally. Returns are a lot higher than renting.
by broslami
Tue Jan 23, 2018 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: 50% of my portfolio in FANG - 15% in NVDA
Replies: 43
Views: 3627

50% of my portfolio in FANG - 15% in NVDA

Right now I have around half my retirement fund in Facebook and Google and Amazon. I dont own any Netflix since it doesn't make any sense to me. I started buying NVDA in the 20s and has been one of the highest flyers over past 2 years and I have like a 700%+ return in 2 years. It's now grown to abou...
by broslami
Tue Jan 23, 2018 7:34 pm
Forum: Investing - Theory, News & General
Topic: Is Anybody Else Freaked Out By the Rapidly Escalating Stock Market?
Replies: 40
Views: 3654

Re: Is Anybody Else Freaked Out By the Rapidly Escalating Stock Market?

What's causing it is: 1) We have a great economy - lowest unemployment in 18 years 2) High optimism 3) Tax cuts are making companies more profitable 4) Tons of deregulation over the past year In short, government business friendly policies over the past year. Plus still low interest rates. Plus high...
by broslami
Tue Jan 23, 2018 3:32 am
Forum: Investing - Help with Personal Investments
Topic: Ready to give up on bond fund, Lost 2.25% past 6 months
Replies: 85
Views: 10697

Re: Ready to give up on bond fund, Lost 2.25% past 6 months

The problem with bond funds are that their value will decrease as interest rates rise.

To mitigate this, you'll be better off buying individual bonds, which you can hold to maturity.

My 2 cents, altho I could be wrong.
by broslami
Sun Jan 21, 2018 1:24 pm
Forum: Investing - Theory, News & General
Topic: What's your one big takeaway from the Crash of 2008?
Replies: 379
Views: 62418

Re: What's your one big takeaway from the Crash of 2008?

My big takeaway is what goes down must come up.

Unless something unthinkable happens, if you have a long enough time horizon, the long term trend is always in your favor.
by broslami
Sun Jan 21, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 137
Views: 8317

Re: Fear of dying with too much money?

Last year I was walking around a very large graveyard to visit some relatives that I had never met. There were thousands of gravestones - people who had lived lives - and I was struck by the fact that EVERY single gravestone said something like this: "Beloved son" "Mother" "Loved" None said anything...
by broslami
Sun Jan 21, 2018 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Anyone at Goldman Sachs/Marcus bank 1.5%?
Replies: 27
Views: 2877

Anyone at Goldman Sachs/Marcus bank 1.5%?

If so how is it?

I've been at Capital One for a few years and paying 1.35% .

I'm inclined not to switch since the difference isn't probably worth the time.

But curious what you think of it?
by broslami
Tue Jan 16, 2018 1:52 am
Forum: Investing - Theory, News & General
Topic: Dow 30,000 S&P 3000, Nasdaq 10,000
Replies: 39
Views: 4684

Re: Dow 30,000 S&P 3000, Nasdaq 10,000

The bull market won't end on a number. It will likely end on one of the following scenarios: #1 - Black Swan event like Kim Jong Un testing a nuclear warhead and it accidentally falls on Japan #2 - Democrats gain control of the house in 2018 AND initiate impeachment proceedings #3 - Fed raises inter...
by broslami
Tue Jan 16, 2018 1:44 am
Forum: Investing - Theory, News & General
Topic: [Mark Cuban -] "Diversification is for idiots..."
Replies: 26
Views: 3818

Re: Diversification is for idiots...

Diversification is for idiots who know they are idiots, which is most investors. There's nothing wrong with being an idiot in investing. Investing is, after all, a zero sum game. On any trade someone wins, and someone loses. It's really hard to beat all the geniuses and quant dudes and sharks and su...
by broslami
Mon Jan 08, 2018 6:39 pm
Forum: Investing - Theory, News & General
Topic: Why Buy Bonds If You Have A Mortgage?
Replies: 187
Views: 17890

Re: Why Buy Bonds If You Have A Mortgage?

First, your mortgage is a way for you to short the US dollar. If inflation or hyper inflation hits, you can pay off your home in increasingly worthless dollars.

Secondly, you want to keep cash as a call option with no expiration date.

Your mortgage is where your cash goes to die.
by broslami
Fri Jan 05, 2018 2:22 am
Forum: Personal Consumer Issues
Topic: Plow Guy Raised Rates
Replies: 112
Views: 9457

Re: Plow Guy Raised Rates

If it helps any, when AI hits the workforce in earnest, snow plow guys will be one of the first to go the way of the dodo. Other than that I'd tell him no. No $5 in Dec. If he balks then cancel and spend $500 on a lawyer to sue him for breach just on spite. Then go find a different snow plow guy and...
by broslami
Fri Jan 05, 2018 2:18 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 27183

Re: Hitting The Sell Button

I don't own bonds.
bonds are on their inexorable downward slide
No thanks
I'd rather hold it in cash
by broslami
Fri Jan 05, 2018 2:14 am
Forum: Investing - Theory, News & General
Topic: Heading for a top?
Replies: 103
Views: 8111

Re: Heading for a top?

I don't remember the exact numbers but if you look at the stock market as a whole, in general, historically like 80% of the time it goes up. Not sure what the point is there, but I'm sure if you search for it you'll find one.
by broslami
Wed Jan 03, 2018 2:32 am
Forum: Personal Finance (Not Investing)
Topic: Invest or pay off debt
Replies: 9
Views: 1279

Re: Invest or pay off debt

Awesome income. Low net worth. We are missing all the background and how you got to the great income with little saved. Life happens. Career changes. Start your own business. A combination of maxing out your available investment vehicles and blasting debt with your big income will quickly grow your...