Search found 489 matches

by ny_rn
Sun Mar 17, 2024 3:33 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin - Bogleheads forum policy remains unchanged
Replies: 193
Views: 28046

Re: Call the top! - Bitcoin

~ $68k as of 3/17/2024

I hope this does not get locked/deleted since we have moderators involved in the conversation as well.
by ny_rn
Fri Jan 26, 2024 7:36 am
Forum: Personal Investments
Topic: Buying AMD
Replies: 43
Views: 5393

Re: Buying AMD

I sold ~ 60 shares of AMD in 2014 at a cost basis of $4.07/share.

Even if I held until today, I didn't have enough shares to make life changing money.

You're putting in $1,500. "If" it 10x you're only ahead $15k.
by ny_rn
Mon Dec 18, 2023 8:38 am
Forum: Personal Investments
Topic: 403b or Roth 403b
Replies: 11
Views: 1066

Re: 403b or Roth 403b

Thank you. I need to stop overcomplicating this and focus on other things. Simplicity is key in my personal finance journey. :beer
by ny_rn
Mon Dec 18, 2023 7:55 am
Forum: Personal Investments
Topic: 403b or Roth 403b
Replies: 11
Views: 1066

403b or Roth 403b

My current employer will offer the option to contribute to a Roth 403b in 2024.

Few quick facts:

- 39 yo male, single
- New York (state tax - 6.25%, federal tax - 24%)
- Max 403b (no match)
- Max Roth IRA
- Pension available in ~ 26-years
- NW little over $1M (mostly in VTSAX)

I understand this comes down to whether I want to pay taxes now or later, but still having a hard to making a decision.

Any feedback would be greatly appreciated.
by ny_rn
Sat Aug 19, 2023 3:54 pm
Forum: Investing - Theory, News & General
Topic: Individual tech stocks
Replies: 73
Views: 6895

Re: Individual tech stocks

I own Cloudflare and Snowflake.
by ny_rn
Sat Jul 01, 2023 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Is this move to NYC worth it?
Replies: 109
Views: 9458

Re: Is this move to NYC worth it?

“I know I'd definitely be having more fun and better quality of life in NYC…”

This is the only thing that matters.

Money wise, you’ll be fine.
by ny_rn
Sat Mar 05, 2022 4:55 pm
Forum: Personal Investments
Topic: Rental Property Investment
Replies: 7
Views: 1035

Re: Rental Property Investment

myself11 wrote: Sat Mar 05, 2022 4:13 pm
ny_rn wrote: Sat Mar 05, 2022 3:25 pm Your PITI is ~ $2,048. Your vacancy and maintrnance needs to be higher. Based on those assumptions you're in the negatives every month.
Thank you. Beside increasing rent, wgivh i will try to do to match R and E, do the other assumptions about indirect benefits/return are safe to make? Thanks again
What if you can't increase rent? What if you can't find a tenant for 2-3 months. The only thing I would focus on right now is the direct benefits you receive from day one - cash flow.
by ny_rn
Sat Mar 05, 2022 3:25 pm
Forum: Personal Investments
Topic: Rental Property Investment
Replies: 7
Views: 1035

Re: Rental Property Investment

Your PITI is ~ $2,048. Your vacancy and maintenance needs to be higher. Based on those assumptions you're in the negatives every month.
by ny_rn
Mon Jan 10, 2022 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Considering rental home
Replies: 34
Views: 3127

Re: Considering rental home

Buy right. And by buying right, I mean below market value. There's your exit just in case you need it.
by ny_rn
Fri Dec 03, 2021 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: How did you finance your rental unit purchase?
Replies: 17
Views: 2430

Re: How did you finance your rental unit purchase?

If you are having trouble coming up with the downpayment, then I assume you have $0 in cash reserves for this potential rental.
by ny_rn
Sat Nov 27, 2021 9:38 am
Forum: Personal Investments
Topic: Willing to share your Taxable Portfolio?
Replies: 381
Views: 57624

Re: Willing to share your Taxable Portfolio?

VTSAX
NET
AAPL
PLTR
RDFN
SNOW
SQ
Databricks (coming soon)

No plans on selling as I do not need this money for many, many years.
by ny_rn
Fri Jan 15, 2021 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Good First Real Estate Investment?
Replies: 29
Views: 2907

Re: Good First Real Estate Investment?

Why do you need a partner? Run the numbers again and include expenses that will come up. Example - capex, vacancy, property management.
by ny_rn
Fri Nov 20, 2020 9:38 pm
Forum: Investing - Theory, News & General
Topic: 90% VTSAX & 10% Bitcoin (GBTC)
Replies: 76
Views: 8499

Re: 90% VTSAX & 10% Bitcoin (GBTC)

Why not just buy Bitcoin via Coinbase and have control over it? You can spend or liquidate at any time.
by ny_rn
Sat Nov 14, 2020 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Triplex?
Replies: 51
Views: 5165

Re: Buying a Triplex?

What is your exit plan? This is very important.

Rental real estate is a business, treat it as such and hire a property manager. Also, do some research on the type of tenant you will most likely get for $400. Look up other multi-family units in the area, find the owner and ask questions. You might be buying a headache or you might be buying a cash machine.
by ny_rn
Sun Oct 25, 2020 6:46 pm
Forum: Personal Investments
Topic: Rental Properties?
Replies: 7
Views: 1123

Re: Rental Properties?

by ny_rn
Wed Oct 14, 2020 2:59 pm
Forum: Personal Investments
Topic: Roth IRA switch from vtsax?
Replies: 10
Views: 1104

Re: Roth IRA switch from vtsax?

No. Focus on increasing your income. You have three months of emergency money with a SAHM.
by ny_rn
Tue Oct 13, 2020 6:25 am
Forum: Investing - Theory, News & General
Topic: Individual Stocks - 5-10% of Portfolio "Play Money" - YES or NO?
Replies: 91
Views: 7568

Re: Individual Stocks - 5-10% of Portfolio "Play Money" - YES or NO?

Someone earlier mentioned sticking to where you feel you some kind of edge or sense that you know something that others are missing... ...Cloudflare by virtue of some projects I've been on and ended up doing some informal research It was a great day for cloudlfare (I own the stock as well). This made me laugh because I also own Cloudflare. Everyone is missing out but the three of us :P I had no idea it was a good day though. That's cool. Now I don't know if I want to keep holding. Isn't the stock picking game fun?! I do the "play money" thing with 3-4% of my portfolio but it's not because I am trying to beat the market. It helps me leave my boring 3 fund portfolio alone. +1 on NET (Cloudflare) I'm holding Cloudflare (NET) as well...
by ny_rn
Sun Oct 04, 2020 6:07 am
Forum: Investing - Theory, News & General
Topic: Is real estate investing the same as stock picking?
Replies: 12
Views: 1207

Re: Is real estate investing the same as stock picking?

alex123711 wrote: Sun Oct 04, 2020 4:53 am So real estate investments are not comparable/ not passive?
It is a business. Even if you have a property manager, you have to manage them. Does it require a lot of your time? It depends...
by ny_rn
Wed Sep 09, 2020 3:58 pm
Forum: Personal Investments
Topic: Keep Rental or Sell?
Replies: 14
Views: 1189

Re: Keep Rental or Sell?

I would stop paying extra on the mortgage. That is why you have tenants. Bank the $142 for reserves.
by ny_rn
Mon Aug 24, 2020 9:55 am
Forum: Personal Investments
Topic: Selling Individual Stocks from my pre boglehead days
Replies: 2
Views: 356

Re: Selling Individual Stocks from my pre boglehead days

At least they’re in a Roth IRA and will not create a taxable event. Can I ask what 20 stocks you’re holding? Sell until you have your 20% international allocation and then keep the ones you think will grow.
by ny_rn
Wed Aug 19, 2020 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: 1st time house buying questions.
Replies: 11
Views: 1687

Re: 1st time house buying questions.

I would continue renting and save more money. Would they like a nicer rental? They're young with no kids. Flexibility is important in this COVID-19 world. If they do buy, I would make sure the part time work could cover the mortgage. A kid may change all their decisions (if that happens in the future).
by ny_rn
Tue Jun 16, 2020 12:16 am
Forum: Personal Consumer Issues
Topic: Need N95 Mask in a Small Size
Replies: 45
Views: 4114

Re: Need N95 Mask in a Small Size

peke9898 wrote: Mon Jun 15, 2020 10:00 pm My daughter is a dentist and she needs N95 mask in a small size. She has ordered many on-line, but none has arrived so far. Does any one know where to get one? She practices in MA. Her employer has not provided adequate safety equipment and has opened a practice. She is planning to send an e-mail in regards to lack of safety to her employer. She suspects that her employer will just let her go. Should she talk to a lawyer?
Sent you a PM.
by ny_rn
Sat Jun 06, 2020 3:43 pm
Forum: Personal Consumer Issues
Topic: What fun car should I get in the $150k - $200k range?
Replies: 499
Views: 41424

Re: What fun car should I get in the $150k - $200k range?

Rent a few exotic cars before you make your purchase.
by ny_rn
Tue Jun 02, 2020 9:20 am
Forum: Investing - Theory, News & General
Topic: 100% Equity Investors: What are you holding?
Replies: 30
Views: 3587

Re: 100% Equity Investors: What are you holding?

Accumulation phase. I love simplicity.

403b - Vanguard Total Stock Market Index Fund Institutional Plus Shares (VSMPX)
Roth IRA - Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
Taxable - Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
by ny_rn
Tue May 12, 2020 1:19 am
Forum: Personal Investments
Topic: Thinking I should sell my rental - Change my mind
Replies: 5
Views: 1035

Re: Thinking I should sell my rental - Change my mind

If you are staying in real estate, 1031 exchange into something else. You will of course need to have a solid real estate strategy.

The next time someone inquiries with a cash offer, tell them you will not consider anything less than $350k. What's the worse that can happen?
by ny_rn
Fri May 08, 2020 12:27 am
Forum: Personal Investments
Topic: Rental Property - Exit Plan!
Replies: 30
Views: 4050

Re: Rental Property - Exit Plan!

How much of your money is in the property?
by ny_rn
Thu May 07, 2020 7:18 pm
Forum: Investing - Theory, News & General
Topic: Can't believe how ridiculously expensive Shopify is [Stock]
Replies: 67
Views: 7093

Re: Can't believe how ridiculously expensive Shopify is [Stock]

I use the service for a online business I run via Instagram. I like the service and literally run everything through my phone. I had everything up and running within a hour or so. Love it. I wouldn't buy the individual stock, though. :shock:
by ny_rn
Sat Apr 04, 2020 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 139934

Re: Why are you NOT buying rental properties?

I have two rentals in another state. Rents came in on time for 4/1/20. I also have a solid cash reserve, so I'm not too worried. I plan on throwing out a few low-ball offers (> 30% below market value) on a few properties soon.
by ny_rn
Wed Mar 18, 2020 7:15 am
Forum: Investing - Theory, News & General
Topic: Rental Property Hedge
Replies: 8
Views: 619

Re: Rental Property Hedge

If you are cash flow positive and do not want to sell, then don't.
by ny_rn
Fri Mar 06, 2020 1:05 pm
Forum: Personal Investments
Topic: Young Investor Roth Or Rental Properties
Replies: 23
Views: 1634

Re: Young Investor Roth Or Rental Properties

Keep in mind you will also need a reserve fund for your real estate.
by ny_rn
Wed Feb 26, 2020 12:41 pm
Forum: Personal Investments
Topic: 38 yr old having 2nd thoughts...
Replies: 93
Views: 12228

Re: 38 yr old having 2nd thoughts...

I would shift my focus to increasing income and savings rate.
by ny_rn
Mon Feb 24, 2020 6:03 pm
Forum: Personal Investments
Topic: HELOC on rental property
Replies: 3
Views: 814

Re: HELOC on rental property

How much cash do you have locked in the house? I.e. - downpaymemt. Also, does your cash flow include expenses? I would imagine that tenants in this type of rental will want things updated and fixed asap.
by ny_rn
Tue Jan 28, 2020 9:24 am
Forum: Investing - Theory, News & General
Topic: Current favorite play money stocks.
Replies: 9
Views: 1144

Re: Current favorite play money stocks.

Cloudflare (NET).
by ny_rn
Sun Dec 29, 2019 10:38 am
Forum: Non-US Investing
Topic: Rental property in Mexico - anyone experienced?
Replies: 18
Views: 2025

Re: Rental property in Mexico - anyone experienced?

Sandtrap wrote: Sun Dec 29, 2019 10:16 am Condo distance ownership within the USA can have a wealth of problems.
Between countries?
Perhaps simpler to enjoy vacations in Mexico at various places as needed.
Purchase R/E for rental income near your USA residence if being a landlord is the goal.

j :happy
I agree.
by ny_rn
Wed Dec 11, 2019 7:19 am
Forum: Personal Investments
Topic: 401K advice
Replies: 11
Views: 1500

Re: 401K advice

I'm not sure of your asset allocation, but I would be 100% in the Fidelity 500 Index or target date fund. Then, I would figure out how to put more than $2,500/year into this plan. Don't worry about a market slowdown and hedging your bets.
by ny_rn
Wed Dec 04, 2019 5:31 pm
Forum: Personal Investments
Topic: Individual Stock in Roth IRA
Replies: 11
Views: 948

Re: Individual Stock in Roth IRA

It looks like I’ll stick with contributing $6k into VTSAX and have a beer. I can always count on you all to talk me off the ledge. :beer
by ny_rn
Wed Dec 04, 2019 4:27 pm
Forum: Personal Investments
Topic: Individual Stock in Roth IRA
Replies: 11
Views: 948

Re: Individual Stock in Roth IRA

I know this is totally against the Boglehead theory to which I subscribe to. I guess I just need someone to tell me no, no, no.
by ny_rn
Wed Dec 04, 2019 4:16 pm
Forum: Personal Investments
Topic: Individual Stock in Roth IRA
Replies: 11
Views: 948

Individual Stock in Roth IRA

Currently, I am 100% Vanguard Total Stock Market across my 403b, rIRA and taxable account and I'm approximately 25-years away from "retirement." My current portfolio has zero individual stocks, but I am considering investing (or should I say speculating) $6,000 in a single company within my rIRA in 2020. I would like to take whatever tax-free gains from the individual stock and place them in Vanguard Total Stock Market at some point.

Has this worked out for anyone? Good or bad?
by ny_rn
Wed Nov 27, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: refi for investment property question
Replies: 9
Views: 1033

Re: refi for investment property question

Are you cash flow positive every month? Why are you paying an extra $600/month? You are helping the tenant pay down your mortgage and decreasing your return.
by ny_rn
Sun Nov 24, 2019 3:30 am
Forum: Personal Investments
Topic: 19 Years Old, Need some advice
Replies: 30
Views: 3586

Re: 19 Years Old, Need some advice

Keep doing what you're doing. Focus on growing the income and savings rate. Way to go!
by ny_rn
Wed Aug 28, 2019 4:30 am
Forum: Personal Finance (Not Investing)
Topic: Long distance property managemnt: fiscally responsible or headache?
Replies: 19
Views: 1832

Re: Long distance property managemnt: fiscally responsible or headache?

Get a good property manager. You do not have to use them for everything. For example - if you have an expense over $X, tell them to notify you for approval. You could shop around for a better price if needed.

You have a business, treat it as such.
by ny_rn
Fri Aug 16, 2019 1:41 pm
Forum: Personal Investments
Topic: Single-stock investing in taxable or Roth?
Replies: 39
Views: 2618

Re: Single-stock investing in taxable or Roth?

What's the company?
by ny_rn
Mon Jul 29, 2019 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Is a rental property a good way to diversify my income to protect against job loss and / or stock market decline?
Replies: 21
Views: 2251

Re: Is a rental property a good way to diversify my income to protect against job loss and / or stock market decline?

As with any other investment, it depends.

What you would want to do is buy that $120k house below market value and rent it for $1k. You will also need to consider reserves, capex, management, etc.

Head over to Biggerpockets: https://www.biggerpockets.com
by ny_rn
Mon Jul 22, 2019 4:51 pm
Forum: Non-US Investing
Topic: Sell real estate, pay capital gains tax and buy index fund?
Replies: 11
Views: 1247

Re: Sell real estate, pay capital gains tax and buy index fund?

Does this apartment have positive cash flow monthly? Do you want to get out of real estate?
by ny_rn
Sun Jul 14, 2019 5:36 am
Forum: Personal Consumer Issues
Topic: What to do in Little Rock
Replies: 26
Views: 3271

Re: What to do in Little Rock

My hometown!

I suggest staying downtown in the River Market area: https://www.rivermarket.info/

Walk around, grab food, let the kids play on the hill/grass at the Bill Clinton museum. Perfect half day complete.
by ny_rn
Mon Jul 01, 2019 10:40 pm
Forum: Personal Investments
Topic: Investment Property Mortgage Rate
Replies: 7
Views: 1085

Re: Investment Property Mortgage Rate

The tenant is paying the interest...
by ny_rn
Mon Jun 24, 2019 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Triage in ER - charged $790
Replies: 60
Views: 8024

Re: Triage in ER - charged $790

You were triaged. You used readily available staff. In the end, you walked out after being triaged without signing out against medical advice (AMA). You're lucky they didn't test your blood sugar or order labs.

Pay it.
by ny_rn
Sat Jun 08, 2019 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Tell us your side hustle success stories.
Replies: 73
Views: 13057

Re: Tell us your side hustle success stories.

Selling a niche product on Instagram. Took that money and bought two rental houses. Rinse and repeat.
by ny_rn
Sat Jun 01, 2019 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Buying an investment property while renting an apartment?
Replies: 24
Views: 2661

Re: Buying an investment property while renting an apartment?

I rent in NYC, but control two rental properties in another state. Make sure the numbers work and you are cash flow positive. Don't forget it is a job and you do not just sit back and collect payments. Also, hold a significant amount of reserves.