Bogleheads.org

EdNorton

EdNorton wrote: ↑Mon Jul 06, 2020 5:56 pm NLST - do your own diligence, NLST won a patent infringement case against Google. Could be a 10 bagger! Cheers!

Good day for NLST yesterday. Not a 10 bagger yet for me but getting close.

EdNorton

If you were a resident of Michigan on the date of sale, it should be sourced to Michigan, regardless of payment dates.

EdNorton

30 years ago, I started with nothing, still got most of it.

EdNorton

SPAC's are to 2021 as CDO's were to 2008.

EdNorton

Get it. It's usually a cheap inspection on top of a regular home inspection ($100?) and termites can be found in most US states. I've completely bailed on property purchases before due to termite issues that were not obvious to the untrained eye. While your contract with the seller may vary, it's g...

EdNorton

After I get a cell phone and a new number, can I expect to be free from annoying telephone solicitations? If not, can I live comfortably simply by blocking all unknown numbers? Can you do that on a cell phone? Spam calls are a problem even with cell phones. iOS, and I think Android, allow you to bl...

EdNorton

FIREGuy88 wrote: ↑Mon Mar 22, 2021 7:07 pm
tj wrote: ↑Mon Mar 22, 2021 7:03 pm
I thought you had $7M ? What did you do with the rest of it?
It's not liquid yet.

He needs some walking around money in case he sees something he likes.

EdNorton

Good purchase with the Kona, it will be interesting to see how the EV compares over time. I leased the Kona. Zero down (including no costs for title/license/registration/tax/etc, and first month payment waived) 35 remaining payments of $212 plus tax. All maintenance will be covered, and I'll also s...

EdNorton

TB will cost about $5k more in flood insurance. I'm also guessing that $500k will get you into a much better neighborhood in Vegas than Tampa.

EdNorton

hicabob wrote: ↑Wed Mar 10, 2021 5:51 pm Of course they want you to take the lump sum so they can get their greedy hands on it and take 2% of it per year. Generally keeping the pension is best and most pensions are guaranteed by the PBGC.
https://www.pbgc.gov/

Agree vehemently.

EdNorton

I have an Onkyo receiver that gets internet radio that also has the usual AM/FM, aux inputs for CD player, turntable. It's about 15 years old so there are probably much better options out there. I refuse to knowingly let someone or something else listen to my conversations, so no Alexa for me. :shar...

EdNorton

If it was me: 1) Retire at 57, life is short 2) Pay off house, you got plenty in Roth for emergencies 3) You have decent funds available, just keep a balanced portfolio at an AA you are comfortable with. 4) I would not have term life insurance, you or your spouse should be able to live comfortably o...

EdNorton

I wasn't impressed with Traverse City, too touristy for my taste. Munising is very tiny but I highly recommend the Pictured Rocks sunset cruise. I recommend staying in Marquette instead of Munising. There's a nice restored historical hotel there, a lot of restaurants in walking distance.

EdNorton

My standard poodle was diagnosed with lyme disease thru a blood test. She was placed on a 2 week antibiotic treatment. She was also given a Lyme disease vaccine. My questions are: 1) Was vaccine necessary or effective since she already had Lyme disease, 2) Should we have followed up with another blo...

EdNorton

I bought 1,000 shares of NVDA @ $30 in early 2016, sold last shares in 2020, made $250k, was feeling smart. Turns out I wasn't that smart. I'd be up $575k if I just held. Let your winners run.

EdNorton

Capital contributions go on M-2 as other increases.

EdNorton

IBM has to follow the rules, they do not have the authority to reverse this. You need to appeal to the IRS.

EdNorton

Per K-1 instructions (2020), W2 wages are included under code V. If I was preparing S Corp return, I would list them separately if you can.

EdNorton

Dug wrote: ↑Mon Feb 08, 2021 8:11 am When my mother passed my CPA valued the step up basis on the date of death. Once you sell the stock, the difference between the step up and actual sale price is taxed as a gain or loss on the estate taxes. Similar to real estate.

Dug duh!!!

EdNorton

1/3 in S&P index fund, 1/3 in $5,000 watches and 1/3 in exotic cars.

EdNorton

mr_brightside wrote: ↑Fri Jan 29, 2021 11:44 am i love these troll threads ...

net worth of $4M and 'worried' about a modest car lease / loan...

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I wouldn't call $750/month a modest car lease/loan. Don't think it's just me feels that way.

EdNorton

dogagility wrote: ↑Fri Dec 18, 2020 7:08 am I always gamble with my portfolio, so I'm going all in!

Glad it turned out good for you.

EdNorton

Update - just exited my MRNA trade @ $204. Up 42% in little over a month. It was stressful as MRNA dropped close to $100 about a week after I bought. If I had better timing, would have been a 100% gain.

EdNorton

I would be worried about those companies ability to pay those dividends in the future. With a few exceptions, almost all the companies listed pay more in dividends than they have in earnings. There's a reason those companies have a high dividend yield, they're risky.

EdNorton

You can put syrup on a turd, but that don't make it a pancake.

EdNorton

Hole 17 at Kiawah Ocean Course is an awesome and fearsome hole over water at 221 yards for pros. The pros made a mess of the hole during Ryder Cup. It was a really intimidating hole. Lots of great holes on this course but this is probably the best. I have played the course twice. https://www.golfco...

EdNorton

My net worth is slightly more than 2.5 million, not counting house. About $800k taxable, $400k Roth and balance in IRA's and TSP. Current withdrawal from our savings is about 1%. DW thinks I'm a cheap [implied vulgarity removed by Mod Misenplace] , I think there's a lot of cheap [implied vulgarity r...

EdNorton

Your Dad should gift cash because he would lose the step up in basis in the property at his death.

EdNorton

2332.

Gonna be a rough year.

EdNorton

Thinking about the 0811 XF Gen 2 driver. On sale from PXG for $225, down from $595. Would get fitted for first time ever (extra $50 for fitting). I'm a 16 handicap, 65 years old, hit my 10 year old TaylorMade about 225 on a good drive. Your thoughts and comments are appreciated.

EdNorton

Golf. I play with someone who loves to gamble and is particularly bad at it. So I get paid to play golf, though the hourly rate isn't that great. Golf if you can work at course. I mow greens 2 mornings a week, about 2 hours a day, for minimum wage plus free golf and cart. I play about 4 rounds a we...

EdNorton

Almost any place that requires at least 2 days of backpacking away from a motorized vehicle to get there and also that has no internet service. Heh, pretty ironic coming from the guy who has more posts on the Bogleheads Internet forum than any other human being on the planet... :) That's only 15 po...

EdNorton

I don't need any income in retirement because I saved. A better question would be how much is your annual spending in retirement.

EdNorton

aristotelian wrote: ↑Fri Dec 18, 2020 9:53 am Down 6%. What is your play, OP?

My play is to take the dog for a walk, come back and watch Judge Judy and then sell after hours above $150. And crack a bottle of wine after Judy.

EdNorton

Did you just invent a new term?? I would guess there are a lot of BINOs on bogleheads :D Thanks for my morning laugh. BINO, very cute. Good luck. Love the BINO label! I’ll expect to see that in many future threads. Thank you, glad I could make a contribution to this board. :sharebeer

EdNorton

Craig Moderna is CEO.

EdNorton

Moderna should get FDA approval today, buying a little bit in my tax advantaged accounts, not day trading, but very short term trading, looking for quick gain, less than 3% of investments. Am I crazy? In at $143.

EdNorton

...The thing is I can't shake the feeling that the US stock market is about to drop and I should wait for it before I do... 2021 S&P 500 forecasts -JPM 4,400 -GS 4,300 -UBS 4,100 -CS 4,050 -Barc 4,000 -DB 3,950 -MS 3,900 -Wells 3,850 -SocGen 3,800 -Citi 3,800 -BofA 3,800 link That settles it, w...

EdNorton

A few years ago I bought a Wovel and it works great. My wife gets the sidewalks and driveway cleared in no time with it. I 2nd that. Think it's called a snowovel. Watch a video of it, I'm technically challenged so I won't post a link. It's not cheap but it works great. Had over a foot of heavy snow...

EdNorton

28% of all statisticians truly hate their job.

EdNorton

We bought a 2019 Forested Limited in fall of 2019, got about $3k off sticker. 3 dealers were within $100 of each other. Offers on trade in were also very close, went to Carmax, got $2k more for trade in.

EdNorton

Sell all your losses, $25k, sell $22k of S/T gains. Take $3k loss on tax return, and take a step up in basis on what you sold to realize the gain, assuming you buy back as soon as you sell. It is not a wash sale when you sell something for a gain, then buy back immediately.

EdNorton

Used to use MaxFli, went to Srixon this year. Much better for price.

EdNorton

Yes, auctions are fairly popular in NE Ohio. DW's parents passed away with house full of furniture, garages full of tools, mowers, trailers, etc. Our auction company (Kiko's) sold everything, what didn't sell stayed with the house. House was sold as is, no headaches dealing with inspections. We figu...

EdNorton

Arrange transportation home after celebration.

EdNorton

Go for it. Good for hand/eye coordination and if played enthusiastically, it's a good aerobic activity. Worst case, it's a $300 table accumulating junk.

Also, the correct name is table tennis, not pingpong, according to some friends who play competively.

EdNorton

Retired CPA here, it depends on the complexity of the K-1 and the SP. The return was probably prepared by a staff ($200/hour billing rate), detailed reviewed by a manager ($350-600/hour) and high level review by a partner ($600-$1,000/hour). A bill can get high in a hurry at those rates. Also, does ...

EdNorton

I had contract to rent a pet friendly apartment in Siesta Key for last week of January. The property just sold and closed this week, does the new owner have to honor the contract? :sharebeer Is there a reason you think it won’t be honored? What has the new owner communicated to you? No communicatio...

EdNorton

does the new owner have to honor the contract? Cant imagine they would when you have 4 months to find another place. Your cause of action is against the old owner. Did you leave a deposit? Was it not returned? I previously rented a beach house in another state, which was for sale at the time, and t...

EdNorton

All I have is an invoice.

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