Search found 118 matches

by ohboy!
Tue Jul 02, 2019 9:27 am
Forum: Personal Consumer Issues
Topic: .
Replies: 34
Views: 2878

Re: Shower room with Window but no Exhaust Fan: Mildew Prevention

Im in a similar situation. Definitely don't keep your wet towel in there. I also find that keeping the shower curtain open (door if you have one) helps. Luckily for me I have a 1000w heater in the wall. Running the heater dries the bathroom. I just run it for 10 minutes while in the shower.
by ohboy!
Sat Jun 22, 2019 9:04 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 26427

Re: Crypto bulls are back. Are you getting in?

bertilak wrote:
Sat Jun 22, 2019 8:49 am
If the bulls are running it is probably best to step aside.
Guess you are out of the s&p then too?
by ohboy!
Sat Jun 22, 2019 7:39 am
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 26427

Re: Crypto bulls are back. Are you getting in?

Been in since $650. $11k feels pretty good. I’m guessing we will retest the previous high this year. $40k BTC is possible by 2020. Index investors are in if they want to be or not. The network that crypto uses is big. The hardware and communications have to come from somewhere. With FB you can see t...
by ohboy!
Fri Jun 21, 2019 7:05 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 324
Views: 42262

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Bitcoin over $10k. Thanks again for the buy signal here in May.
by ohboy!
Sat Jun 01, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: Trader Joe's Fans - good value?
Replies: 148
Views: 23478

Re: Trader Joe's Fans - good value?

Thanks for bumping this thread, retire2022. When I shop at Trader Joe's I have the impression that, within reason, you name it, they have it--but only one kind , never a choice. Is that your impression, too? If so, is that a bug or a feature? Yes that Freakonomics podcast gets into this. Apparently...
by ohboy!
Sat Jun 01, 2019 9:23 am
Forum: Investing - Theory, News & General
Topic: How did you all do in the month of May, 2019
Replies: 126
Views: 11379

Re: How did you all do in the month of May, 2019

My 401k and IRA are down 5.5% for May, but my Crypto portfolio is up 60%+ in May.
by ohboy!
Tue May 14, 2019 4:39 pm
Forum: Personal Investments
Topic: 31 Years Old, Sold Company for 3MM. Want to retire. How to allocate in taxable?
Replies: 19
Views: 3257

Re: 31 Years Old, Sold Company for 3MM. Want to retire. How to allocate in taxable?

I am surprised that nobody brought up just because he sold the company for $3 million doesn’t mean that he has $3 million. What about taxes on the sale? I sold a small business a few years ago, an "asset acquisition." At the time, I had an FA. So, I received a full amount wire transfer to my LLC ch...
by ohboy!
Tue May 14, 2019 1:12 am
Forum: Personal Investments
Topic: Feedback on house purchase
Replies: 19
Views: 1931

Re: Feedback on house purchase

I can’t help but think, how stable is a business if you are afraid to say what type of business it is? Is that for fear of anonimity or competition? If it’s competition, then your income must not be too safe.

Lots of threads anyways:
viewtopic.php?t=209839
by ohboy!
Sun May 12, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage or Pay Cash
Replies: 21
Views: 2337

Re: Mortgage or Pay Cash

I would expect more questions here on the cost of house.
by ohboy!
Tue May 07, 2019 9:42 am
Forum: Investing - Theory, News & General
Topic: Diversifying beyond stock and bonds
Replies: 19
Views: 1880

Re: Diversifying beyond stock and bonds

I have 5% net worth in PMs and 7% in cryptocurrency.
by ohboy!
Tue May 07, 2019 8:31 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 324
Views: 42262

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

I read this thread as mostly ignorant and secondly scared. Prompted me to buy more Bitcoin last week. I’m up 10%. Thanks yall!

Bitcoin going to 0 or a million!!
by ohboy!
Tue May 07, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: Which US city would you move to?
Replies: 74
Views: 8097

Re: Which US city would you move to?

Living the dream in San Diego. If I thought there was a better option I’d move there. Sometimes I think about Hawaii, especially with flights cheaper these days.
by ohboy!
Wed May 01, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Dumb idea? [buy a condo to rent]
Replies: 37
Views: 3650

Re: Dumb idea?

Keep indexing. I swear this exact same thing came up on the boards a month ago? Are you trying to make money or have a vacation rental? If A) Index funds will do better, if B) Just rent one when you need it Edit, two from a month ago: https://www.bogleheads.org/forum/viewtopic.php?t=275859 https://w...
by ohboy!
Tue Apr 30, 2019 3:53 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 324
Views: 42262

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

People are razzle dazzled by the technology, visions of the future and promise of riches. Only problem is, you are not buying the technology, the tokens have no intrinsic value and it has less long term value than digital game items. The tokens have no intrinsic value (if you are referring to the d...
by ohboy!
Tue Apr 30, 2019 3:51 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 324
Views: 42262

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

People are razzle dazzled by the technology, visions of the future and promise of riches. Only problem is, you are not buying the technology, the tokens have no intrinsic value and it has less long term value than digital game items. The tokens have no intrinsic value (if you are referring to the d...
by ohboy!
Fri Apr 26, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Property sale capital gains tax holding
Replies: 14
Views: 871

Re: Property sale capital gains tax holding

kaneohe wrote:
Thu Apr 25, 2019 6:42 pm
How much did you pay in taxes for Q1 2019?
numbers for 2018
AGI: $99k
Fed tax quarterly voucher: $1.7k
State: $1.4k
$40k a year of income is w2
by ohboy!
Thu Apr 25, 2019 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Property sale capital gains tax holding
Replies: 14
Views: 871

Re: Property sale capital gains tax holding

2018 AGI was $90k. Guesstimate of 2019 AGI is $75k plus the property sale with a $221k gain. So as long as I pay estimated taxes of 110% on my 2018 vouchers I should be fine? The sale occurred after I already paid my estimated quarterly payment for first quarter 2019 which was for the amount on the...
by ohboy!
Thu Apr 25, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Property sale capital gains tax holding
Replies: 14
Views: 871

Re: Property sale capital gains tax holding

2018 AGI was $90k. Guesstimate of 2019 AGI is $75k plus the property sale with a $221k gain. So as long as I pay estimated taxes of 110% on my 2018 vouchers I should be fine? The sale occurred after I already paid my estimated quarterly payment for first quarter 2019 which was for the amount on the ...
by ohboy!
Thu Apr 25, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Property sale capital gains tax holding
Replies: 14
Views: 871

Re: Property sale capital gains tax holding

Is depreciation recapture figured into your estimate of tax due from the sale? From Turbo tax - "Do you expect that your income tax withholding will be at least 100 percent of the total tax on your previous year's return? Or, if your adjusted gross income (Form 1040, line 37) on your tax return was...
by ohboy!
Thu Apr 25, 2019 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Property sale capital gains tax holding
Replies: 14
Views: 871

Property sale capital gains tax holding

Could use some advice on capital gains and expertise on taxes... This month I sold a rental property for $297k. After selling costs I had a net payout of $276k. My cost basis is $55k. I figure being in California that I will owe about $55k in taxes. I arrive at that figure from Fed long term cap gai...
by ohboy!
Wed Apr 24, 2019 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Navigating the Appraisal and Inspection as a Seller
Replies: 36
Views: 2122

Re: Navigating the Appraisal and Inspection as a Seller

I wouldn’t settle for less than a closing price of the original asking price. The demand is high. The buyer should feel lucky to get the house and not demand too much in inspection repairs or credits. It does seem like your realtor might have missed an opportunity a bit. They listed a little low. Th...
by ohboy!
Wed Apr 24, 2019 8:29 pm
Forum: Personal Consumer Issues
Topic: How to clean a garage?
Replies: 71
Views: 4639

Re: How to clean a garage?

I tried watching Marie Kondo. Didn't help... My garage is full of 25 years worth of crap. Don't get me wrong, we park both our cars in the garage but I'm having such a difficult time getting rid of some of the stuff that I should throw out. Any tips? Every year, I waste so much time shifting stuff ...
by ohboy!
Thu Apr 18, 2019 8:39 am
Forum: Personal Consumer Issues
Topic: What is your hobby and how did it come to be your hobby?
Replies: 146
Views: 16874

Re: What is your hobby and how did it come to be your hobby?

Soon after I retired I started blogging - specifically about the city in which I live. I blog about a variety of topics - restaurants, public art, local landmarks, plays, concerts, etc. I keep busy gathering "material" for my blog posts by eating out, going to concerts and plays, etc. It works for ...
by ohboy!
Wed Apr 17, 2019 8:33 am
Forum: Personal Consumer Issues
Topic: Basement water issues
Replies: 37
Views: 3453

Re: Basement water issues

This is such an issue, one that I think a lot of people tend to ignore. I see two problems. One; air quality from moisture in the house and potential for mold. Two; house structure jeopardized by water damage to the foundation I believe the number one issue is the amount of water hitting roofs with ...
by ohboy!
Mon Apr 15, 2019 9:05 pm
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 87
Views: 11762

Re: $1.1 million rental portfolio, but tired of being a landlord

I had 3 at one point. Happy to have sold. Too much headache. You can 1031 into a Delaware Statutory Trust. I just ate the taxes and moved on. Property manager still includes having a property. Houses are a hassle. Index funds much easier.
by ohboy!
Fri Apr 12, 2019 1:08 am
Forum: Personal Investments
Topic: Savings by 30?
Replies: 45
Views: 6401

Re: Savings by 30?

I (mostly for fun) decide if I'm on track based on a spreadsheet I maintain which has my target net worth (based on a monthly savings and return % that should lead to satisfactory financial outcomes) and my actual net worth (taking a redfin/zillow type estimate for my home value): https://i.imgur.c...
by ohboy!
Fri Apr 12, 2019 1:06 am
Forum: Personal Investments
Topic: Savings by 30?
Replies: 45
Views: 6401

Re: Savings by 30?

I wanted to buy a house. Bought a duplex foreclosure for $50k, invested $35k in it, rented for years, and sold 9 years later for $275k.

I’m not much for making goals, but I’m happy I had that one. I learned a lot, got a decent return, and got out.
by ohboy!
Wed Apr 10, 2019 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Can/Should we build a new house?
Replies: 13
Views: 1462

Re: Can/Should we build a new house?

No way. You don't make nearly enough to build a custom 450k house in a VLCOL and hope to absorb the loss if you need to move. It's one thing if you have a 3M+ net worth and 300k annual income to build a custom house understanding it might result in a sale at a loss. Save up 30-40k cash over the nex...
by ohboy!
Wed Apr 10, 2019 3:04 pm
Forum: Personal Consumer Issues
Topic: Trader Joe's Fans - good value?
Replies: 148
Views: 23478

Re: Trader Joe's Fans - good value?

I find the organic peanut butter is hard to beat price wise. Same with organic coconut oil. I like that I can buy single beers or mix n match. Organic carrots are cheap as well, and as others have said, bananas. I also like the organic $2 dark chocolate bars. Those are my staples. I like to try ever...
by ohboy!
Wed Apr 10, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Buying New Home
Replies: 14
Views: 1014

Re: Buying New Home

Kitchen, yard, paint and fireplace for how much?? You haven’t provided much context to evaluate, but sounds like you are keen to go for it and it’s in your budget, so why not. Don’t be surprised if there is competition and if selling yours is a contingency to buying that makes an offer less appealin...
by ohboy!
Wed Apr 10, 2019 12:34 am
Forum: Personal Finance (Not Investing)
Topic: HSA complication
Replies: 2
Views: 362

Re: HSA complication

Perfect, I’ll call Fidelity tomorrow to allocate the $3,162.50 for 2018 and file that number. I’ll be sure to subtract the extra 2018 contribution from my 2019 limit. I’ll also do my best to keep my insurance in 2020 continuous through the testing period. Thank you Spirit Rider! The accountant thing...
by ohboy!
Tue Apr 09, 2019 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: HSA complication
Replies: 2
Views: 362

HSA complication

In 2018 I had insurance for 11 of 12 months. I missed January. From what I understand the HSA contribution can be for the full year if I had insurance on the 1st day of last month (December) then I’m eligible for the entire year for HSA contribution https://www.irs.gov/publications/p969#en_US_2018_p...
by ohboy!
Sat Apr 06, 2019 9:00 am
Forum: Personal Consumer Issues
Topic: cost analysis on buying vs. renting skis?
Replies: 28
Views: 2812

Re: cost analysis on buying vs. renting skis?

I have had my skis for 10 years. Some k2s. Paid $300 for skis used and $150 for boots and $100 for a hard case carrier. Skid an average of 5 days per year. Always fly southwest or drive so skis and boot bag are free. 50 days at $550. Maybe two tuneups over that time for an additional $50 or so. I’ve...
by ohboy!
Sat Apr 06, 2019 1:14 am
Forum: Investing - Theory, News & General
Topic: Volatility of spending
Replies: 27
Views: 1919

Re: Volatility of spending

Most financial shocks are absorbed by reducing discretionary spending and are smoothed out over time. :thumbsup It's actually very similar to what most of us do throughout our working years as well. Ya, it’s not like you wake up spending money for the first time in retirement. Health, hazards, and ...
by ohboy!
Tue Apr 02, 2019 9:36 pm
Forum: Personal Investments
Topic: Crypto post tax season party?
Replies: 2
Views: 510

Crypto post tax season party?

Will the market hit a wall with tax season retirement contributions coming to an end? Is the money moving to crypto for the 2nd half of the year party? Sell in may and play crypto? I think crypto hodlers are as serious as bogleheads with their index funds.
by ohboy!
Wed Mar 27, 2019 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Shipping DD away....
Replies: 14
Views: 2208

Re: Shipping DD away....

Agree ATM is the way to go. Many places do not take credit cards. Have her withdrawl large amounts at a time to reduce fee percentage with flat fees. The mystique that Japan is expensive still lurks from the 90s. The only thing I found expensive was a rail pass, but well worth it. Other than that ac...
by ohboy!
Wed Mar 27, 2019 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Shipping DD away....
Replies: 14
Views: 2208

Re: Shipping DD away....

Agree ATM is the way to go. Many places do not take credit cards. Have her withdrawl large amounts at a time to reduce fee percentage with flat fees. The mystique that Japan is expensive still lurks from the 90s. The only thing I found expensive was a rail pass, but well worth it. Other than that ac...
by ohboy!
Tue Mar 26, 2019 6:05 pm
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 10311

Re: Tattoos and Bogleheads

Living in SoCal I feel more unique without tattoos than I think I would if I had them.
by ohboy!
Tue Mar 26, 2019 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Sell old home, keep renting, buy?
Replies: 11
Views: 1326

Re: Sell old home, keep renting, buy?

Agree option C.

You will lose more than $100 per month renting it out. Unless you plan to move back to NYC condo.

Rent cheaper than buying in SF and uncertain of future.
by ohboy!
Sun Mar 24, 2019 4:37 pm
Forum: Personal Consumer Issues
Topic: Has anyone used Heal? [Doctor housecall app]
Replies: 32
Views: 2546

Re: Has anyone used Heal? [Doctor housecall app]

House visits are economically sustainable when a primary care doc sees about 20 patients in a day in the same building in an urban high rise building where the elderly live. The model under discussion at $99 does not seem sustainable to me from the $99 fee itself. However if the seed money can sust...
by ohboy!
Sun Mar 24, 2019 10:35 am
Forum: Personal Consumer Issues
Topic: Uber - Fare Estimator question
Replies: 11
Views: 606

Re: Uber - Fare Estimator question

Here we have express pool as well where you have to walk a block or two and you get dropped off a block or two from your destination. I’ve never had anyone else be at the pickup or dropoff point. The price is insanely cheap. It will be interesting to see what kind of value Lyft and Uber get. They ha...
by ohboy!
Sun Mar 24, 2019 10:14 am
Forum: Investing - Theory, News & General
Topic: Timing a first-time home purchase
Replies: 16
Views: 1153

Re: Timing a first-time home purchase

Seems a common reason to buy a house is to lock in a school system for the little ones. Mortgages also look pretty affordable still. You might want to tell us all of your financial specifics if you want an evaluation on if it makes financial sense. That would include what price of house you are cons...
by ohboy!
Thu Mar 21, 2019 11:37 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 913
Views: 77452

Re: Talk me out of buying a Tesla Model 3

I owned a decent amount of stock but got out at $350. I also had $1k deposit on model 3 that I put down the second day of the offerring. Yesterday I took a refund of my $1k. I don’t think I’ll ever by a Tesla out of principle. The experience was gross all around. There will be a lot of competition i...
by ohboy!
Thu Mar 21, 2019 10:39 am
Forum: Personal Investments
Topic: 3% on Checking - Redneck Bank, not a joke
Replies: 19
Views: 3757

Re: 3% on Checking - Redneck Bank, not a joke

Agree. I like the name, but the hoops and balance limit are discouraging compared to other high yield savings options.
by ohboy!
Thu Mar 21, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell stocks to pay off credit card debt?
Replies: 11
Views: 897

Re: Should I sell stocks to pay off credit card debt?

Situation: I have about $5,000 in an ETrade account in various company stocks and almost $3,500 in credit card debt from stupid spending habits that I have since changed. Should I sell enough stock to pay off this debt and be done with it or hold on to my shares and just grind down the debt with sm...
by ohboy!
Thu Mar 21, 2019 9:06 am
Forum: Personal Investments
Topic: Restaurant investment for a noob
Replies: 19
Views: 2109

Re: Restaurant investment for a noob

I am wondering if there is a reason why I shouldn’t publish a blog detailing my experience with names of businesses and names of owners? Any restaurant owners or investors out there? 1st OP, I think you've already done some folks a service by being willing to share this story. It sounds as if you'v...
by ohboy!
Wed Mar 20, 2019 8:19 am
Forum: Personal Investments
Topic: 1031 from duplex to land?
Replies: 5
Views: 518

Re: 1031 from duplex to land?

$24000 is gross possible rents. After taxes, insurance, maintenance, and vacancies, it averages more like $16k. Add in a property manager and it’s less. It has appreciated quite a bit which has made it worth it, but it’s time to get out - too much hassle. I think I will just eat the taxes and pay of...
by ohboy!
Tue Mar 19, 2019 10:00 pm
Forum: Personal Investments
Topic: Restaurant investment for a noob
Replies: 19
Views: 2109

Re: Restaurant investment for a noob

Phantom income- there is my learning for the day. Thanks. I will ask for the financials, which as I understand from this thread - should be the version tailored specially for me. It is bad business in mind to operate as such. Send a balance sheet with an income amount. Not pay that amount and not re...
by ohboy!
Tue Mar 19, 2019 3:24 pm
Forum: Personal Investments
Topic: Restaurant investment for a noob
Replies: 19
Views: 2109

Re: Restaurant investment for a noob

Restaurants are a tough business, even when diversified which you were not. I'd be glad you got your money back. Sounds a little like a TimeShare in that you might be willing to pay just to get rid of it and its annual fees. It gets a bit worse perhaps but I’d like to stay on the topic of this tax ...