Search found 552 matches

by flaccidsteele
Wed Aug 05, 2020 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Rental property investing and #'s explained (why real estate can be a great investment)
Replies: 86
Views: 4657

Re: Rental property investing and #'s explained (why real estate can be a great investment)

Here's a couple I purchased in the 2013-2016 timeframes Purchase price $62k (2014) Rehab $8k Property tax $2k/yr Rent $1000 Recent appraisal $140k Purchase price $52k (2016) Rehab $20k Property tax $2k/yr Rent $1100 Recent appraisal $180k. Purchase price $59k (2015) Rehab $15k Tax $1800/yr Rent $95...
by flaccidsteele
Wed Aug 05, 2020 8:54 am
Forum: Investing - Theory, News & General
Topic: Are we better off now than Dec 2018?
Replies: 264
Views: 20611

Re: Are we better off now than Dec 2018?

Stop anchoring you’re feelings around gains that you are not getting back anytime soon. That 3000 S&P is NOT Coming back anytime soon. The stock market has a colourful history of making prognosticators look like fools I just bought more in March In another decade I won’t even notice it in the pile ...
by flaccidsteele
Wed Aug 05, 2020 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a rental and hiring a property management company
Replies: 29
Views: 2387

Re: Thoughts on buying a rental and hiring a property management company

I still regret not buying condos at 40 to 60K a piece post-Great Recessison, that are now selling for 300 to 400K. The only issue back then was you were bidding against hedge funds who scooped up properties in huge chunks. Personally I didn’t notice the hedge funds when I bought from 2009 to the en...
by flaccidsteele
Wed Aug 05, 2020 12:08 am
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 151
Views: 17370

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

corn18 wrote:
Mon Aug 03, 2020 4:42 pm
This chart helps me decide whether I should keep working or not. Fat FIRE is my plan as of today.
Apparently what I consider FIRE is the Fattest Person on the Planet FIRE
by flaccidsteele
Tue Aug 04, 2020 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Rental property investing and #'s explained (why real estate can be a great investment)
Replies: 86
Views: 4657

Re: Rental property investing and #'s explained (why real estate can be a great investment)

My S&P 500 index fund never calls me on a Friday night. Neither do my rentals But they pay me every month They also allowed me to retire in my 40s As an investor who has done well with both stocks and real estate, both asset classes are solid at the right price. Investing is simple. The US market a...
by flaccidsteele
Tue Aug 04, 2020 11:34 pm
Forum: Investing - Theory, News & General
Topic: Are we better off now than Dec 2018?
Replies: 264
Views: 20611

Re: Are we better off now than Dec 2018?

Stop anchoring you’re feelings around gains that you are not getting back anytime soon. That 3000 S&P is NOT Coming back anytime soon. The stock market has a colourful history of making prognosticators look like fools I just bought more in March In another decade I won’t even notice it in the pile
by flaccidsteele
Tue Aug 04, 2020 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a rental and hiring a property management company
Replies: 29
Views: 2387

Re: Thoughts on buying a rental and hiring a property management company

Living in a high appreciation home is not a hedge against inflation at all The only hedge against inflation are productive assets Shelter is an expense. Whether I rent or own, shelter is always an expense Buying a home that has high appreciation is correlated with high cost appreciation Living in th...
by flaccidsteele
Tue Aug 04, 2020 8:19 am
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 421
Views: 405178

Re: A time to EVALUATE your jitters

Thank you for this thread. It has given me a lot to think about and the OP is particularly therapeutic. AA= 90/10, late 20s investor for about 5 years. I cashed out and adjusted to 20/80 the day before the drop in Feburary, breaking my own hold-forever policy that I'd come up with after doing recom...
by flaccidsteele
Mon Aug 03, 2020 11:56 pm
Forum: Investing - Theory, News & General
Topic: What Would Be Your US/Int Equity Split If You Lived Outside US?
Replies: 45
Views: 1948

Re: What Would Be Your US/Int Equity Split If You Lived Outside US?

If you lived outside the US (or actually do live outside the US), what portion of your equity allocation would you invest in US equities? I’ve stated previously that I think one’s US/Int split is to a big extent a reflection of his belief in market efficiency. In my own case, I’m a strong believer ...
by flaccidsteele
Mon Aug 03, 2020 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 179
Views: 40520

Re: Becoming a Landlord: My Experiences

tomtoms wrote:
Mon Aug 03, 2020 11:42 am
You should separate buying a rental property from managing it. As a RE investor, you want to focus on finding a quality rental and making sure the numbers make sense. That is where you should spend the bulk of your time. Let the professionals manage the rental.
+1 this
by flaccidsteele
Mon Aug 03, 2020 11:48 am
Forum: Investing - Theory, News & General
Topic: So the stock market is forward looking. How forward?
Replies: 23
Views: 2029

Re: So the stock market is forward looking. How forward?

It’s forward looking but done in the present

It’s really present looking
by flaccidsteele
Mon Aug 03, 2020 7:05 am
Forum: Non-US Investing
Topic: Do you include your house in your portfolio?
Replies: 36
Views: 2732

Re: Do you include your house in your portfolio?

tennisplyr wrote:
Mon Aug 03, 2020 6:51 am
It's part of my net worth but not my investable assets (portfolio).
+1 ^ this
by flaccidsteele
Mon Aug 03, 2020 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 179
Views: 40520

Re: Becoming a Landlord: My Experiences

my two cents, being a landlord on site is easy. When we moved away, ie an absentee landlord, it became too much work. Just not worth it. I'm selling and closing on the property that had $3200/mo in rent for $500k in a few weeks. I felt like i either needed to scale up or drop it. just doing 1 prope...
by flaccidsteele
Mon Aug 03, 2020 12:21 am
Forum: Investing - Theory, News & General
Topic: Efficient Market Theory vs Tesla Stock Price
Replies: 68
Views: 3467

Re: Efficient Market Theory vs Tesla Stock Price

bb wrote:
Sun Aug 02, 2020 11:44 am
Doesn't the price of Tesla stock disprove the assertion that the market
is always efficient or rationale?
EMH breaks down during extreme euphoria and dysphoria like the laws of physics breaks down at singularities
by flaccidsteele
Mon Aug 03, 2020 12:15 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a rental and hiring a property management company
Replies: 29
Views: 2387

Re: Thoughts on buying a rental and hiring a property management company

Thank you to all your responses. It's disheartening to hear mostly negative experiences with property management companies. I wanted to purchase a rental (real estate) mostly as a hedge against inflation and I can't afford anything in the Bay Area otherwise I'd just buy a home to live in. So I'd ha...
by flaccidsteele
Mon Aug 03, 2020 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a rental and hiring a property management company
Replies: 29
Views: 2387

Re: Thoughts on buying a rental and hiring a property management company

Thoughts on buying a rental and hiring a property management company That would more or less just be a one property REIT. How would this be any better than just buying a REIT? Cash flowing real estate > REITs REIT is not real estate. It’s paper Dividends taxed as ordinary income No depreciation No ...
by flaccidsteele
Sun Aug 02, 2020 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a rental and hiring a property management company
Replies: 29
Views: 2387

Re: Thoughts on buying a rental and hiring a property management company

I don't own and don't plan to while living in the SF Bay Area. But I do want to diversify a bit into real estate mostly as an inflation hedge. I was thinking of committing about 5-10% of my net worth into a down payment on a house and then just letting a property management company deal with everyt...
by flaccidsteele
Sun Aug 02, 2020 12:08 am
Forum: Investing - Theory, News & General
Topic: Is the fear of actually LIVING through inflation overblown?
Replies: 80
Views: 5209

Re: Is the fear of actually LIVING through inflation overblown?

For a completely different perspective, I suggest you read The Deficit Myth by Stephanie Kelton. A fascinating book and a complete different look on deficits and what is acceptable and why we have literally no inflation. Not saying I fully agree with it but it does open the mind to some interesting...
by flaccidsteele
Sat Aug 01, 2020 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 532
Views: 80839

Re: Losing a job in your 50's...

gr7070 wrote:
Sat Aug 01, 2020 10:13 pm
*Expecting* to be unemployed and forced "retirement" by sub-60 is likely silly, and almost certainly overstated.
Health and Retirement Study Data since 1992 disagrees

Link to study here
by flaccidsteele
Sat Aug 01, 2020 9:46 pm
Forum: Investing - Theory, News & General
Topic: Is the fear of actually LIVING through inflation overblown?
Replies: 80
Views: 5209

Re: Is the fear of actually LIVING through inflation overblown?

RocketShipTech wrote:
Sat Aug 01, 2020 6:20 pm
Only on Bogleheads do you have people in permanent fear of inflation, and at the same time, trying to pay off their 30-year fixed rate mortgages as quickly as possible.

:confused
+1 very true!

🤣
by flaccidsteele
Sat Aug 01, 2020 9:44 pm
Forum: Investing - Theory, News & General
Topic: Is the fear of actually LIVING through inflation overblown?
Replies: 80
Views: 5209

Re: Is the fear of actually LIVING through inflation overblown?

Fear is always overblown because it’s a simulation of the future run by your brain in the present
by flaccidsteele
Sat Aug 01, 2020 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 179
Views: 40520

Re: Becoming a Landlord: My Experiences

Thanks for this post. On a purely numbers-basis the worst financial decision I ever made was probably to sell my first home and not rent it out because it basically doubled in value in about 10 years, but it would have stretched us financially and we weren't interested in or prepared to be landlord...
by flaccidsteele
Sat Aug 01, 2020 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 532
Views: 80839

Re: Losing a job in your 50's...

I know plenty of engineers in their 50s and well into 60s, making appropriate pay for that age (read high), who work for 1,000; 5,000; 10;000-person and bigger firms. I don't know of anyone who's been laid off strategically with age in mind. I'm not, at all, suggesting it doesn't happen. I'm certai...
by flaccidsteele
Sat Aug 01, 2020 1:47 pm
Forum: Personal Consumer Issues
Topic: First Time Home Buyer / Multi-Family - To Buy Or Not To Buy?
Replies: 21
Views: 1216

Re: First Time Home Buyer / Multi-Family - To Buy Or Not To Buy?

99% of the work in MF is finding a deal

If you can do that, then go for it
by flaccidsteele
Sat Aug 01, 2020 12:31 pm
Forum: Investing - Theory, News & General
Topic: How did you determine risk tolerance?
Replies: 106
Views: 5858

Re: How did you determine risk tolerance?

"How did I determine risk tolerance?" Easy Answer : Suffering through about a dozen bear markets. :( Best wishes. Taylor Jack Bogle's Words of Wisdom: "An ideal asset allocation incorporates the two most obvious dimensions of investing: risk and return." Is that risk tolerance or volatility toleran...
by flaccidsteele
Sat Aug 01, 2020 12:28 pm
Forum: Personal Investments
Topic: Epiphany time
Replies: 10
Views: 1527

Re: Epiphany time

Triple digit golfer wrote:
Sat Aug 01, 2020 11:52 am
Bogle didn't advocate international investing. I would call it the Balanced Taylor Index.
+1 ^This
by flaccidsteele
Sat Aug 01, 2020 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 532
Views: 80839

Re: Losing a job in your 50's...

To contrast, employment law is extremely favourable to employees in Canada. Unlike being employed “at will” in America. Personally I’ve always gotten paid at least 1 month of salary per year of tenure. This includes a 6-figure severance in lieu of notice via wrongful dismissal another severance in l...
by flaccidsteele
Fri Jul 31, 2020 6:03 pm
Forum: Personal Investments
Topic: Is 25 too young for paid off house?!
Replies: 72
Views: 5136

Re: Is 25 too young for paid off house?!

It appears that the consumer item makes up a significant portion of your net worth. It’s not what I would do at a young age I was able to retire early because I focused more on buying investments instead of consumer items Time in the market is king, and the more capital I allocated to the market in...
by flaccidsteele
Fri Jul 31, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: How much home can I afford?
Replies: 42
Views: 3408

Re: How much home can I afford?

Personally I use % of NW. So if NW is $2m the most I would pay for a consumer item like shelter is $500k. I prefer my capital in investments when I have the runway Some use 3x multiple of gross, which is $2.4m $500K is not much house in the Bay area. I'd live a little and use the 3x income number. ...
by flaccidsteele
Fri Jul 31, 2020 8:09 am
Forum: Personal Finance (Not Investing)
Topic: How much home can I afford?
Replies: 42
Views: 3408

Re: How much home can I afford?

Hi: I am trying to figure out what home price range I can afford. Here is my info: - 35, single, never married, no dependents - Live in San Francisco (Very high cost of living ... VHCOL) - No debt at all. - Income is kind of variable: $275k base salary + ~$350k in stock compensation + ~$200k from a...
by flaccidsteele
Fri Jul 31, 2020 8:04 am
Forum: Personal Investments
Topic: Is 25 too young for paid off house?!
Replies: 72
Views: 5136

Re: Is 25 too young for paid off house?!

It appears that the consumer item makes up a significant portion of your net worth. It’s not what I would do at a young age I was able to retire early because I focused more on buying investments instead of consumer items Time in the market is king, and the more capital I allocated to the market in ...
by flaccidsteele
Fri Jul 31, 2020 7:43 am
Forum: Personal Investments
Topic: more rentals or etfs?
Replies: 24
Views: 1420

Re: more rentals or etfs?

sharp1aarohead wrote:
Fri Jul 31, 2020 7:13 am
So maybe that's the better question...how do folks balance building revenue streams versus simply squirreling away cash?
Depends on the opportunity in front of me. Which is better and which I’m best able to take advantage of
by flaccidsteele
Thu Jul 30, 2020 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: When did your investments outweigh your mortgage?
Replies: 46
Views: 3764

Re: When did your investments outweigh your mortgage?

I’ve just reached the point where my investment portfolio is larger than the remaining balance on my mortgage. Do you bogleheads do anything different when this happens or continue on as usual? I never considered looking at my investment this way... What’s the benefit of comparing the remaining bal...
by flaccidsteele
Thu Jul 30, 2020 10:50 pm
Forum: Personal Investments
Topic: more rentals or etfs?
Replies: 24
Views: 1420

Re: more rentals or etfs?

Cash flowing real estate > REITs

REIT is not real estate. It’s paper

Dividends taxed as ordinary income

No depreciation

No cash out refi/HELOC/blanket

No 1031

Not even close

OP Don’t listen to people who haven’t been successful owning both rental real estate and stocks
by flaccidsteele
Thu Jul 30, 2020 7:13 pm
Forum: Personal Investments
Topic: more rentals or etfs?
Replies: 24
Views: 1420

Re: more rentals or etfs?

Though a boglehead at heart, I do invest a disproportionate amount of money into real estate...currently I have around 65k in vanguard and own around 800,000 worth of real estate with around 275,000 equity...I have hustled to make more money flipping real estate and purchasing rentals so I'm at a p...
by flaccidsteele
Wed Jul 29, 2020 9:33 pm
Forum: Investing - Theory, News & General
Topic: I'm not getting why all the love for gold. here's why.
Replies: 87
Views: 4536

Re: I'm not getting why all the love for gold. here's why.

Assets get love when prices go up

That’s been the case forever
by flaccidsteele
Wed Jul 29, 2020 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Are we crazy to buy a VHCOL house now?
Replies: 32
Views: 2990

Re: Are we crazy to buy a VHCOL house now?

Personally I wouldn’t purchase a $2m consumer item unless I had a NW north of $10m
by flaccidsteele
Tue Jul 28, 2020 10:12 pm
Forum: Non-US Investing
Topic: Non US How do you invest for Kids University Education?
Replies: 6
Views: 422

Re: Non US How do you invest for Kids University Education?

Neus wrote:
Tue Jul 28, 2020 10:33 am
So it seems for kids university cost, an US investor have access to 529 plan that is tax advantaged

Is there similar thing for non us investor?
In Canada we have the RESP (registered education savings plan)

University is relatively inexpensive here
by flaccidsteele
Mon Jul 27, 2020 8:45 pm
Forum: Investing - Theory, News & General
Topic: Gold $1600 Oz - When?
Replies: 362
Views: 24327

Re: Gold $1600 Oz - When?

columbia wrote:
Mon Jul 27, 2020 8:39 pm
flaccidsteele wrote:
Mon Jul 27, 2020 8:21 pm
The irony of gold is that it’s only useful when converted into fiat 😂
Always a salient point and have any here ever directly traded gold for goods and services?
(If it’s of a prurient and/or illegal nature, please don’t tell me.)
99.999% of gold buyers only want to trade it for fiat
by flaccidsteele
Mon Jul 27, 2020 8:33 pm
Forum: Investing - Theory, News & General
Topic: Gold $1600 Oz - When?
Replies: 362
Views: 24327

Re: Gold $1600 Oz - When?

All Seasons wrote:
Mon Jul 27, 2020 8:26 pm
You see, you uhh, I um, well. You know, the thing about stocks is that, uh, well. Um, well, you know, cash flow. Tremendous. And the thing is. Well yeah.
Haha sounds like someone explaining how they achieved financial freedom from buying gold 😂
by flaccidsteele
Mon Jul 27, 2020 8:30 pm
Forum: Investing - Theory, News & General
Topic: Gold $1600 Oz - When?
Replies: 362
Views: 24327

Re: Gold $1600 Oz - When?

arcticpineapplecorp. wrote:
Mon Jul 27, 2020 8:21 pm
check out libertarian summer camp (planet money) then see how easy it is to transact with gold:

https://www.npr.org/sections/money/2017 ... ummer-camp
I wonder which hotel they stayed at 😂
by flaccidsteele
Mon Jul 27, 2020 8:28 pm
Forum: Investing - Theory, News & General
Topic: Gold $1600 Oz - When?
Replies: 362
Views: 24327

Re: Gold $1600 Oz - When?

arcticpineapplecorp. wrote:
Mon Jul 27, 2020 8:21 pm
check out libertarian summer camp (planet money) then see how easy it is to transact with gold:

https://www.npr.org/sections/money/2017 ... ummer-camp
Lol “easy”
by flaccidsteele
Mon Jul 27, 2020 8:25 pm
Forum: Investing - Theory, News & General
Topic: Gold $1600 Oz - When?
Replies: 362
Views: 24327

Re: Gold $1600 Oz - When?

The irony of gold is that it’s only useful when converted into fiat 😂 check out libertarian summer camp (planet money) then see how easy it is to transact with gold: https://www.npr.org/sections/money/2017/06/28/534735727/episode-286-libertarian-summer-camp How do I buy groceries with my VTI shares...
by flaccidsteele
Mon Jul 27, 2020 8:21 pm
Forum: Investing - Theory, News & General
Topic: Gold $1600 Oz - When?
Replies: 362
Views: 24327

Re: Gold $1600 Oz - When?

The irony of gold is that it’s only useful when converted into fiat 😂
by flaccidsteele
Mon Jul 27, 2020 8:14 pm
Forum: Investing - Theory, News & General
Topic: Gold $1600 Oz - When?
Replies: 362
Views: 24327

Re: Gold $1600 Oz - When?

000 wrote:
Mon Jul 27, 2020 8:08 pm
flaccidsteele wrote:
Mon Jul 27, 2020 6:56 am
Gold is the only “money” I can’t use to go to buy groceries
Can you buy groceries with Swiss Francs or Japanese Yen?
Yup
by flaccidsteele
Mon Jul 27, 2020 7:09 pm
Forum: Investing - Theory, News & General
Topic: How did you determine risk tolerance?
Replies: 106
Views: 5858

Re: Presidential Elections: How to stay calm?

I guess what I am curious about is I heard some people say you should put like a limit on your stuff, that triggers something if it falls a certain amount. Does anyone here do that? Yeah, it’s a stop loss order. Don’t do that. All that does is sell you out when the market is at a low point. You don...
by flaccidsteele
Mon Jul 27, 2020 7:07 pm
Forum: Investing - Theory, News & General
Topic: How did you determine risk tolerance?
Replies: 106
Views: 5858

Re: Presidential Elections: How to stay calm?

I guess what I am curious about is I heard some people say you should put like a limit on your stuff, that triggers something if it falls a certain amount. Does anyone here do that? I like this idea but haven’t found a way to implement it I typically start paying attention when the media says that ...
by flaccidsteele
Mon Jul 27, 2020 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: In current enviroment would you continue to rent an investment home or sell
Replies: 5
Views: 422

Re: In current enviroment would you continue to rent an investment home or sell

For me it would depend on cash flow and the property management company taking care of it

I keep all my rental properties because I get monthly cash flow and the PM does all the work
by flaccidsteele
Mon Jul 27, 2020 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming teacher after reaching FIRE? Advice needed!
Replies: 86
Views: 6894

Re: Becoming teacher after reaching FIRE? Advice needed!

OP, teach on a social media platform

That’s what I do. I have 45,000 “students”

I teach when I want. Unlimited bathroom breaks. No whining. No inter-school politics. A/C all day every day.
by flaccidsteele
Mon Jul 27, 2020 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a property in central Florida a good idea or not
Replies: 49
Views: 4259

Re: Buying a property in central Florida a good idea or not

Elysium wrote:
Sun Jul 26, 2020 10:55 am
These are going to be single family detached homes priced $400K to $500K at the most.
As a real estate investor this sounds like a terrible idea

Red ink forever