Search found 435 matches

by playtothebeat
Wed Jan 20, 2021 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Investment in Mobile Home Park
Replies: 35
Views: 1795

Re: Investment in Mobile Home Park

If you decide to raise rents and/or evict, it’s easier said than done. Owners band together to protect one another, and there are optics behind trying to evict a mobile park resident.. keep that in mind.
by playtothebeat
Sun Jan 17, 2021 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Commercial Lease Expiration + Potential Lawsuit
Replies: 19
Views: 1391

Re: Commercial Lease Expiration + Potential Lawsuit

You need a lawyer for this. Did you you get an estoppel from the tenant when you bought the building? Is the lease recorded or unrecorded? Has there been any other communication over the term of the lease that suggested something to the contrary of lease terms? Is there any potential landlord defaul...
by playtothebeat
Sun Jan 17, 2021 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Refinancing Mortgage under 100k
Replies: 8
Views: 722

Re: Refinancing Mortgage under 100k

Closing costs will likely be too high to make it worth it.. even if you go to, say, a 2.5% rate on a new loan, your payment only drops about $100 or less per month. Understandably that could very well be a material amount of money to you, but any other parts of your budget that you could cut instead...
by playtothebeat
Sat Jan 16, 2021 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Expense ratio for mutual fund - is the concern exaggerated?
Replies: 26
Views: 1290

Re: Expense ration for mutual fund - is the concern exaggerated?

ER has been proven to be the only predictor (or correlator, I guess?) of performance.
Of course if you can guarantee higher results which offset the higher ER, then do that every day. But you can’t guarantee it.
by playtothebeat
Thu Jan 14, 2021 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Tax Liability in California
Replies: 13
Views: 967

Re: HSA Tax Liability in California

Went through this exact thing in 2020. Realized I’ll have a $300 extra tax bill. Not huge but unnecessary.
by playtothebeat
Sun Jan 03, 2021 10:59 pm
Forum: Personal Investments
Topic: I’m about to turn 18, how can I invest for maximum lifetime gains and where do I start?
Replies: 29
Views: 2019

Re: I’m about to turn 18, how can I invest for maximum lifetime gains and where do I start?

Read Bogleheads Guide to Investing (or maybe the new edition is called “to Retirement”, I can’t recall).
And just get in the habit of saving.
by playtothebeat
Thu Dec 31, 2020 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Help re-balance HSA holdings
Replies: 5
Views: 405

Re: Help re-balance HSA holdings

I want to make sure i'm calculating my capital loss in the fund correctly.. Hoping someone here can look through the math and help me get comfortable. (in round numbers) September 2016 initial purchase cost: $8500 (129 shares @ $66/share) Dividends (ordinary + capital distributions) received over pa...
by playtothebeat
Thu Dec 31, 2020 11:55 am
Forum: Personal Investments
Topic: Sale of a fund today (12/31)
Replies: 3
Views: 285

Re: Sale of a fund today (12/31)

If you sell a fund today, then it will be considered a 12/31 transaction and you will get the 12/31 (not the 12/30) closing NAV. Got it. This is the language on the Fidelity site that threw me off: "If you enter a trade to buy or sell shares of a mutual fund, your trade will be executed at the...
by playtothebeat
Thu Dec 31, 2020 11:52 am
Forum: Personal Investments
Topic: Sale of a fund today (12/31)
Replies: 3
Views: 285

Sale of a fund today (12/31)

If i sell shares of a mutual fund today (12/31), will that be considered a 2020 transaction (presumably sale based on current NAV, which is based on 12/30 closing I believe)? Or would the sale occur on the next business day? Never came across having to actually figure this out the "timing"...
by playtothebeat
Wed Dec 30, 2020 12:06 pm
Forum: Personal Investments
Topic: First Backdoor Roth Complete, next steps?
Replies: 1
Views: 140

First Backdoor Roth Complete, next steps?

Just completed our first Backdoor Roth for both of us ($6k each) through Vanguard. Was a pretty seamless process (unless of course i screwed something up!). Conversion was completed before the end of the year, so I think the tax forms should be straight forward.. The conversion funds moved from a Se...
by playtothebeat
Sun Dec 27, 2020 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Am I over-leveraged?
Replies: 13
Views: 1595

Re: Am I over-leveraged?

Is your income $100k? Or $1mm? Is the CRE property worth 1.5mm (I.e. 100% ltv) or 5mm (I.e. 30% ltv)?
There’s a big difference in how your credit worthiness could be reviewed depending on these answers (and others).
by playtothebeat
Sun Dec 27, 2020 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Help re-balance HSA holdings
Replies: 5
Views: 405

Re: Help re-balance HSA holdings

While it is worthwhile to harvest losses in a HSA, you don't need to rebalance within that account. Your HSA, IRA, and 401(k) are all being invested for expenses in retirement, so you only need to keep your accounts balanced across all of them. Thus it might make sense to hold Treasury bonds in the...
by playtothebeat
Sun Dec 27, 2020 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Help re-balance HSA holdings
Replies: 5
Views: 405

Help re-balance HSA holdings

Would appreciate any advice I can get on some HSA-related issues.. I have two HSA accounts with +/- $60k in total holdings between them. I am in California, and thus have to pay taxes on dividends and capital gains. One of my accounts has approx $16K in WFIOX (Wells Fargo Index Fund), which over the...
by playtothebeat
Sat Dec 26, 2020 2:41 pm
Forum: Personal Investments
Topic: Non-traded REIT sold creating a huge gain. Can somebody walk me through it?
Replies: 2
Views: 419

Re: Non-traded REIT sold creating a huge gain. Can somebody walk me through it?

Your K1 should show the capital account balance which accounts for both contributions/distributions as well as non-distributed income, depreciation, etc
by playtothebeat
Wed Dec 23, 2020 10:07 pm
Forum: Personal Investments
Topic: Theft in HSA account - Help needed
Replies: 25
Views: 3623

Re: Theft in HSA account - Help needed

Hopefully you’re not a resident of NJ or CA, as this would be a taxable event in those states (not other states, and not at a federal level).
by playtothebeat
Wed Dec 23, 2020 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Mandatory distribution by year-end but funds not available
Replies: 9
Views: 962

Re: Mandatory distribution by year-end but funds not available

They need professional advice from a tax attorney and CPA to answer these questions. Get someone with expertise on charitable foundations. Presumably they already have experts who helped set up the foundation, file annual tax returns etc, so start there.
by playtothebeat
Mon Dec 21, 2020 12:51 pm
Forum: Personal Investments
Topic: backdoor Roth @vanguard (wait for 7 days)
Replies: 5
Views: 478

Re: backdoor Roth @vanguard (wait for 7 days)

Following...
going through that also (first time doing a backdoor). The Convert button disappeared but if you change the view it shows up again. I can’t recall exactly how but there’s a way.
I deposited and it’s in the “settlement fund”. Guessing same with you?
by playtothebeat
Sun Dec 20, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: High Margin Small Businesses
Replies: 10
Views: 947

Re: High Margin Small Businesses

Attorney, accountant, etc. any sort of business where you, as a sole practitioner, provide expertise to clients.
by playtothebeat
Fri Dec 18, 2020 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: What is the Worst Financial Decision/Mistake You Have Made?
Replies: 230
Views: 18169

Re: What is the Worst Financial Decision/Mistake You Have Made?

Easy - Buying a Tesla in 2018 instead of putting all that cash in to the stock. I bought a few thousand of the stock after I saw how great the car was and it 10X since then. If I had taken the $60k I spent for the car I would have $540,000 extra now. Would you have held it through the ups and downs...
by playtothebeat
Fri Dec 18, 2020 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: What is the Worst Financial Decision/Mistake You Have Made?
Replies: 230
Views: 18169

Re: What is the Worst Financial Decision/Mistake You Have Made?

Fortunately very few thus far, though long way to go. I guess the only one I’d point to is not recognizing that my HSA (in California) has some inefficient funds so I have to pay some cap gain taxes each year.. and then not realizing that I accidentally liquidated about $25k of HSA funds, which will...
by playtothebeat
Fri Dec 18, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: What to do with "extra" $50/ month?
Replies: 30
Views: 2490

Re: What to do with "extra" $50/ month?

Keep it where it is. That $50/mo - $600/yr - helps cover some of the inflationary increases, probably. Don’t overthink it.
by playtothebeat
Sat Dec 12, 2020 7:05 pm
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 10461

Re: Luxury clothes

I do get my suits custom made. They cost around $1,000 each. I’m short and fat. Buying off the rack just isn’t an option. My dress shirts are custom too. But I like Ralph Lauren polos and Armani is just damn elegant. I also love the bold designs of Robert Graham but his stuff sadly is not meant for...
by playtothebeat
Tue Dec 08, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: What should a 23 year old consider before purchasing a Tesla?
Replies: 264
Views: 13332

Re: What should a 23 year old consider before purchasing a Tesla?

I'm going to give a contrarian answer and answer your questions about what you should consider.. If your mind is set on a tesla, buy the tesla. Otherwise you will likely just look to trade your car GTI or whatever else in. I know the feeling (I don't own a drive a tesla, or have any interest in one,...
by playtothebeat
Sat Dec 05, 2020 9:50 pm
Forum: Personal Investments
Topic: How to invest half million?
Replies: 37
Views: 4670

Re: How to invest half million?

Is 500k a big part of your overall assets (including 401) or small? Is your 401k in bonds or stocks? Are you 30 or 60 years old? Need to provide more info to get an actionable answer..
by playtothebeat
Thu Dec 03, 2020 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Refinance 1.6yo mortgage?
Replies: 30
Views: 2213

Re: Refinance 1.6yo mortgage?

Yep. Do it. Lower the rate, new 30 year loan, but keep paying at the same amount you’re used to paying now, and get it paid off quicker.
by playtothebeat
Wed Dec 02, 2020 12:35 am
Forum: Personal Investments
Topic: Need help making investment decisions after house fire
Replies: 47
Views: 2818

Re: Need help making investment decisions after house fire

25k/yr for each of you, for 20 years, at a 5% average rate of return gets you to around 1.6mil. Just an FYI. I’d rather control the process with index funds than follow a universal life policy. My 2 cents. Also, thought your question would be about whether or not to rebuild, not about a life insuran...
by playtothebeat
Sun Nov 29, 2020 12:00 pm
Forum: Personal Investments
Topic: HSA transfer with 21-day blackout period
Replies: 12
Views: 882

Re: HSA transfer with 21-day blackout period

Hopefully you’re not in CA or NJ, as you would owe taxes on the gains from the liquidation (assuming it’s not an “in kind transfer”). Went through the same thing this year, with about $30k. In hindsight, wish I just kept the account with the old custodian... I completely misunderstood how they would...
by playtothebeat
Wed Nov 25, 2020 7:05 pm
Forum: Personal Investments
Topic: Do I have too much HSA money?
Replies: 87
Views: 10904

Re: Do I have too much HSA money?

I have ~$60k at age 34 and plan to keep it going for as long as possible. Figure even if we never use it and ultimately pass it on to our son, no matter the tax consequences, it's still inheritance he wasn't counting on (and hopefully, whatever that amount is, it's insignificant relative to other as...
by playtothebeat
Tue Nov 24, 2020 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Recs for CA disability insurance brokers?
Replies: 3
Views: 190

Re: Recs for CA disability insurance brokers?

I’m in Orange County and had a good experience working with a broker down here. If you’re somewhere around here, send me a Pm and I’ll share contact info.
by playtothebeat
Mon Nov 23, 2020 12:33 am
Forum: Personal Investments
Topic: Brokerage account vs Traditional IRA
Replies: 16
Views: 871

Re: Brokerage account vs Traditional IRA

Consider a Backdoor Roth for the first 6k of that.
by playtothebeat
Sun Nov 22, 2020 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Need Heloc california $300k - where to go?
Replies: 5
Views: 618

Re: Need Heloc california $300k - where to go?

Banks who cater to high net worth individuals.
First republic, First Bank, Citizens, City National, etc
by playtothebeat
Sat Nov 21, 2020 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing - Take Cash Out and Keep Payment the Same?
Replies: 8
Views: 499

Re: Refinancing - Take Cash Out and Keep Payment the Same?

You’re going down by a full percentage point but only saving $85/month? Is that right? Just a really small loan?

Make sure there are no closing costs as that payback will be quite long I suspect.
by playtothebeat
Tue Nov 17, 2020 11:54 pm
Forum: Personal Investments
Topic: Vanguard's 2020 capital gains estimates
Replies: 64
Views: 8660

Re: Vanguard's 2020 capital gains estimates

I’m trying to understand why the funds with high cap gains would be tax inefficient.. I understand you’d have to pay taxes on the capital gains that are distributed to you (which of course isn’t fun from a cash flow standpoint since you - most likely - reinvested dividends and thus didn’t actually r...
by playtothebeat
Tue Nov 17, 2020 10:10 pm
Forum: Personal Investments
Topic: IRA to Roth conversion, taking a huge tax hit
Replies: 38
Views: 3198

Re: IRA to Roth conversion, taking a huge tax hit

Please share what stock it is. The more people want to buy it, the better it is for you so there is no reason not to share. Conversion is all about where you think taxes are headed. And as someone else pointed out, ROTH space is precious so probably not advisable to gamble with it all things conside...
by playtothebeat
Tue Nov 17, 2020 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Path to UHNW
Replies: 48
Views: 5124

Re: Path to UHNW

Then buy residential real estate at a young age and purchase your first rental house at 21. Buy good properties in nice neighborhoods in growing towns. Buy another rental house every year. Keep buying a house or two per year. Just when I think bogleheads can’t get any more out of touch... I wasn't ...
by playtothebeat
Mon Nov 16, 2020 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Path to UHNW
Replies: 48
Views: 5124

Re: Path to UHNW

I know many such individuals, all of whom are in the commercial real estate space (development and/or investment/ownership). Not an overnight success, of course. Not sure commercial real estate is where you want to be right now or in the short term future. Work from home just got a massive shot in ...
by playtothebeat
Mon Nov 16, 2020 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Path to UHNW
Replies: 48
Views: 5124

Re: Path to UHNW

I know many such individuals, all of whom are in the commercial real estate space (development and/or investment/ownership). Not an overnight success, of course.
by playtothebeat
Thu Nov 12, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much Housing can I afford?
Replies: 49
Views: 2555

Re: How much Housing can I afford?

Long Beach, Naples, Seal Beach etc have many older homes with an added apartment above a garage etc - see if you can rent one of those. Might work out well! I think buying on a single income would be tough. Truly. Even if your mortgage and tax etc is “reasonable”, upkeep etc would have to be conside...
by playtothebeat
Sun Nov 08, 2020 6:00 pm
Forum: Personal Consumer Issues
Topic: How much do you spend per week on groceries?
Replies: 61
Views: 4814

Re: How much do you spend per week on groceries?

Around 1500/mo for a family of 3 (2 adults and a 7 year old). Eat out a couple times a week. We stopped looking for deals on groceries, to be honest. Just buy what we want when we want. Not much is wasted (though some is). Lots of fruit and all that, which adds up in cost I suppose. We could shop at...
by playtothebeat
Sat Nov 07, 2020 10:57 pm
Forum: Personal Investments
Topic: Good way of taking advantage of High COL real estate/housing market?
Replies: 9
Views: 1424

Re: Good way of taking advantage of High COL real estate/housing market?

What exactly do you mean by take advantage of? Be a player in it in some capacity?

Invest as an LP in some partnerships that invest in apartments or houses.
Start your own real estate business - could be management rather than ownership.
Become a general contractor.
by playtothebeat
Sat Nov 07, 2020 1:15 pm
Forum: Personal Investments
Topic: Trying to make sense of fund performance (WFIOX)
Replies: 4
Views: 403

Re: Trying to make sense of fund performance (WFIOX)

@pkcrafter: i got it, was looking at the graph, rather than the return table. I think the graph is more of a NAV graph, not actually a measure of performance. Due to capital gains distributions each December, the NAV decreases which makes it look like a loss (on a graph). You're right, actual return...
by playtothebeat
Fri Nov 06, 2020 3:17 pm
Forum: Personal Investments
Topic: Trying to make sense of fund performance (WFIOX)
Replies: 4
Views: 403

Re: Trying to make sense of fund performance (WFIOX)

At Fidelity I see that WFIOX had some whopping capital gains distributions, e.g., $14.01 per share in December when the share price was around $50. Were yours reinvested? It does look like the fund did follow the S&P 500 trends if reinvestment is taken into account. (Distributions cause an equa...
by playtothebeat
Fri Nov 06, 2020 2:59 pm
Forum: Personal Investments
Topic: Trying to make sense of fund performance (WFIOX)
Replies: 4
Views: 403

Trying to make sense of fund performance (WFIOX)

My HSA account has some funds in WFIOX, which is the "Wells Fargo Index Fund". Openly, i can't recall how I ended up investing in this vs other options that were available. My understanding is that this fund is supposed to track the S&P -- the prospectus states "at least 80% of th...
by playtothebeat
Fri Nov 06, 2020 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Help Calculating taxes for CA HSA
Replies: 3
Views: 348

Re: Help Calculating taxes for CA HSA

Following, as I’m in the exact same boat. My plan is to get through this year without selling (so pay tax on interest and dividends) and next year sell and deal with gains from appreciation - just hope my administrator (Optum) has a way of figuring by our cost basis, particularly given that the HSA ...
by playtothebeat
Mon Nov 02, 2020 11:12 pm
Forum: Personal Consumer Issues
Topic: My dog barks when I'm not home- solutions?
Replies: 79
Views: 5128

Re: My dog barks when I'm not home- solutions?

I’d do an indoor crate. Understand you had some issues with it once.. been there before. Have had plenty of times when I came home and the crate was covered with “stuff”. Part of being a dog owner unfortunately. Ignore those who say “re-home” it so it can run freely etc - I guess no one outside of t...
by playtothebeat
Mon Nov 02, 2020 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: HOA stopping my rental
Replies: 80
Views: 8203

Re: HOA stopping my rental

Is this a limit on rentals as a whole, or short-term rentals? I've seen limits on short-term rentals (under 30 days, or even under 6 months) as a way of eliminating AIRBNB-type stuff. But rentals as a whole? It seems odd to me that an HOA could actually do it. As a home owner, that means I would HAV...
by playtothebeat
Sun Nov 01, 2020 9:50 pm
Forum: Personal Consumer Issues
Topic: Anyone ski in Big Bear, CA?
Replies: 0
Views: 247

Anyone ski in Big Bear, CA?

Despite living in SoCal for nearly 15 years I’ve never gone to Big Bear mountain/resort (though spend a fair amount of time in Lake Arrowhead nearby). I’d like to take the family up there for a few days this winter (2 adults plus a 7 year old). Hoping folks here have taken trips there and can recomm...
by playtothebeat
Wed Oct 28, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Family finance courses or methods / convincing a spouse (long)
Replies: 84
Views: 5438

Re: Family finance courses or methods / convincing a spouse (long)

Seems like you think your way is the only correct way to think about money. And clearly your wife disagrees. Maybe your wife doesn’t care about retirement, maybe that’s not her plan in life. It’s hard to understand the other side if you are not at all open to it.
by playtothebeat
Fri Oct 23, 2020 7:25 pm
Forum: Personal Consumer Issues
Topic: Convince us to buy our first luxury car!
Replies: 193
Views: 10822

Re: Convince us to buy our first luxury car!

I work with nurses making $60k a year driving $45k-$65k cars. There is something very very wrong with that. I used to think the same thing, but I realized that there’s nothing wrong with that as long as they find value in it. Maybe they’re leasing for $500 a month, and the cost is well worth it to ...
by playtothebeat
Tue Oct 20, 2020 8:35 am
Forum: Personal Consumer Issues
Topic: Convince us to buy our first luxury car!
Replies: 193
Views: 10822

Re: Convince us to buy our first luxury car!

If the car makes you happy, buy the car. There is more to life than retirement accounts. As long as you feel you’re on track towards your goals and your family is taken care of, have some fun in life. Yes there may be a lifestyle creep, but that’s ok. You’ll find plenty of people on here who tell yo...