Bogleheads.org

OSUmountaineer

When tendies are this easy, I make donations.

$1k each to Easter Seals, my local food bank, and the Boys and Girls Club.

Thank you Daddy Cohen.

OSUmountaineer

I joined. I'm sick and tired of the corruption resulting large financial institutions to get "free money" cause it can create a ridiculously large shorting to drag share price down artificially. Especially with lack of research with the hopes that 'it's a dying company so no one will noti...

OSUmountaineer

I've never worked for or owned a company that's been shorted. But, honestly, I'd take it extremely personal knowing that people out who actively root for, and want to make money on, a desired outcome that results in the loss of my job and/or livelihood (benefits of price discovery be dammed). Putti...

OSUmountaineer

I've never worked for or owned a company that's been shorted. But, honestly, I'd take it extremely personal knowing that people out who actively root for, and want to make money on, a desired outcome that results in the loss of my job and/or livelihood (benefits of price discovery be dammed). Putti...

OSUmountaineer

Earned $512k on Gamestop on a $26k investment. Started acquiring shares when Cohen announced his stake over the summer. Bought call options after December earnings. This play was obvious from 30,000 ft and less obvious if you view it as a "Brick and mortar" rebound play. The short float h...

OSUmountaineer

Earned $512k on Gamestop on a $26k investment. Started acquiring shares when Cohen announced his stake over the summer. Bought call options after December earnings. This play was obvious from 30,000 ft and less obvious if you view it as a "Brick and mortar" rebound play. The short float h...

OSUmountaineer

seawolf21 wrote: ↑Mon Jan 25, 2021 11:09 pm Stupid question...but what's stopping short sellers from shorting now at an even higher entry point?

Additionally, how is what's going on different than a Ponzi scheme?

How many times do you double down on a horse that lost?

Also - it is a ponzi scheme. You just don't know who Madoff is.

OSUmountaineer

Earned $512k on Gamestop on a $26k investment. Started acquiring shares when Cohen announced his stake over the summer. Bought call options after December earnings. This play was obvious from 30,000 ft and less obvious if you view it as a "Brick and mortar" rebound play. The short float h...

OSUmountaineer

Screw the people that bet on businesses failing. And MAJOR props to retail (WSB or whoever) for the organization involved in this delta/gamma squeeze. The bears that bet on businesses to fail, especially in a time like this, can chow down on the gift god gave me. And SCREW the systems that enable n...

OSUmountaineer

I don't care about the opinion of WSB. I care about the organization of people that snowballed once "screw Melvin/Citron" became the battle cry. I will support them indefinitely. We all want to make money. There is no altruism in earning, only in what you do with it. I am not on a pedestal...

OSUmountaineer

Also, if trading at $100/share, GME has roughly a 1x revenue multiple. High for retail? yes. High for a company trying to pivot in light of low interest rates, excess liquidity, and low debt? Absolutely not. I sold all my positions at a nice profit, but I will now support this company forever becaus...

OSUmountaineer

Thanks for your comment Oddball. A unique thing about PMI with FHA loans is that they are for the life of the loan if you put < 10% down, and will be removed after 11 years if between 10% and 20% down. No PMI at greater than 20%. And I can always refinance to a conventional loan later assuming I hav...

OSUmountaineer

Life has thrown me few curveballs so I'm just making sure my rationale is good here... I am currently under contract for an ~2000 sq ft (total) triplex that consists of a 1br/1ba separate unit (700 sq ft) and a duplex comprised of a 2br/1ba and 1br/1ba. My plan is to live in the 1/1 for a year or tw...

OSUmountaineer

bump?

OSUmountaineer

Any suggestions on what the most efficient way to do this is? Are you eligible? See link: https://www.forbes.com/advisor/retirement/cares-act-retirement-account-rules-covid-19/ Quote from the link: First things first: Not all tax-advantaged retirement account holders can take advantage of the CARES...

OSUmountaineer

I am looking into taking $100k out of my retirement accounts under the CARES Act provisions and using it as a downpayment on a triplex that should cashflow about 1.1% of the mortgage while allowing me to live in one unit. What I am not sure of is what account I should take this out of: Account balan...

OSUmountaineer

From a purely financial stand point, you would run tax calculations to figure out when paying the $50 is going to come out better than paying the taxes on growth. In reality, that is going to be a lot of work, unless you put the money in something stable. We just go the easy route, allow it all to ...

OSUmountaineer

1. My company just instituted after-tax 401k contributions in 2020. I am considering the mega backdoor approach. I am not permitted to rollover the after-tax amount to a Roth 401k but I can do an in-service rollover to an external Roth IRA for $50 per transaction. Initially I was hoping to automate...

OSUmountaineer

1. My company just instituted after-tax 401k contributions in 2020. I am considering the mega backdoor approach. I am not permitted to rollover the after-tax amount to a Roth 401k but I can do an in-service rollover to an external Roth IRA for $50 per transaction. Initially I was hoping to automate...

OSUmountaineer

Questions : 1. My company just instituted after-tax 401k contributions in 2020. I am considering the mega backdoor approach. I am not permitted to rollover the after-tax amount to a Roth 401k but I can do an in-service rollover to an external Roth IRA for $50 per transaction. Initially I was hoping...

OSUmountaineer

7. Do after-tax 401k contributions affect MAGI? After-tax 401k contributions do not affect MAGI. Only the pre-tax/roth portion counts as tax-advantaged. Anything above that, to the IRS maximum of $57,000 for 2020, does not provide any tax-advantage. Does not provide any tax-advantage if you are una...

OSUmountaineer

Hi all, Thanks in advance for any input. My wife and I began saving seriously around 2014. My company just added the ability to contribute after-tax money to a 401k, but there is a $50 rollover fee per transaction to get that money to my individual Roth IRA (Roth 401k rollover is not possible). I am...

OSUmountaineer

St Petersburg FL has USF St Pete and a thriving, active retiree community commingled with the rest of us in accumulation phase. I cant imagine a place with a higher quality of life.

OSUmountaineer

I live in St Pete and work in Clearwater. We moved here from Seattle two years ago. This place is amazing. The weather, the energy, the growth, and outside of Miami probably the most "progressive" city in Florida without being overtly liberal. there is a HUGE active retirement population i...

OSUmountaineer

I can pass on my story, which may help. I finished grad school and was working for the feds, who paid for my school. A couple of years later, I switched gears to consulting, of which I had no experience. I was dumb in that I quit before finding a job. I applied for jobs all over, soliciting every bu...

OSUmountaineer

What do you know that the structural engineer doesn't know? This. Structural engineers are really smart. When they stamp a repair their liability is on the line. If they stamped it I would not worry. As far as the interior a bit of twisting and checking is normal. Sometimes a builder will replace a...

OSUmountaineer

If there is a mosquito within shouting distance, it will find me. Here in St. Petersburg, FL, bugs are a year long nightmare with a little reprieve in the winter. Unfortunately the snowbirds come down. Not sure which I'd rather have... Anyway, we are currently designing a "Florida Room" on...

OSUmountaineer

I flew from Oakland to Toronto to Istanbul to Goreme, Turkey in a 36 hr whirlwind in economy 5 years ago. Then I learned about credit card churning and manufactured spending. We now almost never pay for flights (usually in J or F class) or hotel stays when traveling for fun. So I guess I started fly...

OSUmountaineer

Geologist since 2008...

Yes. In a a heart beat, yes. Diversify your skill set in this field, understand everything from oil and gas to the environmental world, and you have the capacity to make a good living that puts you outside a lot.

OSUmountaineer

If you decide to do it, I would recommend going ahead and adding an enclosed sunroom with windows that you can open rather than a porch that you would later enclose as a sunroom. The latter always seems to look a bit patched-together and is not as energy efficient and it would be less expensive to ...

OSUmountaineer

Why does calculating $/sq ft make no sense? If the addition costs $45k and you can't afford it, does it matter if that's $200/sq ft or $1/sq ft? I understand the "joy" argument, and it is what I am primarily focused on, but there is certainly a financial aspect to this beyond setting $35k...

OSUmountaineer

Price per square foot is a weighted average of very expensive rooms (kitchen and bath) and very cheap rooms (bedrooms and living space). You are making an overly optimistic assessment of the value of the added space. You would be much better off comparing houses with and without a similar addition....

OSUmountaineer

Why does calculating $/sq ft make no sense? It seems like a good way to compare apples to apples. What other metric would I use to do that? If I add 355 sq ft to my house and I know what the range of $/sq ft in this neighborhood has been over the past 20 years, how isn't that a good way to gauge wha...

OSUmountaineer

We bought a house last year in St Petersburg, FL in a good/safe neighborhood and paid $280/sq ft for the home (1252 sq ft living space). The house is fantastic aside from the lack of a screened porch. I love the FL weather, but I can't be outside at prime hours because of the bugs. So this isn't a p...

OSUmountaineer

We purchased a King mattress from Tuft and Needle approximately 2 months ago. It is by far the best night's sleep I have ever had, and the price points is more competitive than anything else I've seen on the market.

OSUmountaineer

I am considering enrollment in an online CFP-based course of study with the goal of transitioning from my current career into one where I can eventually work for myself and help people directly, possibly in finance. One of my biggest pet peeves is watching consumers make ill-informed financial deci...

OSUmountaineer

Definitely don't get an MBA if your goal is to start your own business or if you don't know what you want to do. If you think you may want to go into financial planning - whether as an employee or as a self-employed solo practitioner, then a CFP is a great idea. My husband got an MBA in his early 3...

OSUmountaineer

I am considering enrollment in an online CFP-based course of study with the goal of transitioning from my current career into one where I can eventually work for myself and help people directly, possibly in finance. One of my biggest pet peeves is watching consumers make ill-informed financial decis...

OSUmountaineer

I have done just this over the last couple of years, am saving around $60k for a house downpayment, and have savings split across a few high-interest checking accounts. We have $15k in each of two Lake Michigan Credit Union 3% checking accounts. There are a few requirements to get 3%, but I automate...

OSUmountaineer

I do some moderate to heavy manufactured spending and heavy churning. Stats below. My SO hates flying due to anxiety but loves to travel, and 'tolerates' flying in business or first class. I love flying and travelling. This hobby has actually provided us a common ground so that I can get what I want...

OSUmountaineer

Resurrecting an old thread. Is the Boeing factory tour and flight of the future separate? If I need to pick one, which is more preferable? Thanks. The factory tour is awesome - you tour the assembly line where 737s and 787s are built. I believe it is the 737 warehouse that has the largest footprint...

OSUmountaineer

Have you ever been to Yellowstone? If not, then go. Now. I believe it to be one of the most fascinating places on earth (though I'm a geologist...). I didn't realize you could use SPG points there, but I can tell you that lodge is very nice (only been in, never stayed) and centrally located. It does...

OSUmountaineer

Does anyone have experience with taking online curriculum for educational requirements necessary to sit for the CFP exam? I am considering doing this while working full time in my current profession (geology), with the idea of transitioning careers upon completion of the course load. I see that Bost...

OSUmountaineer

1. Turkish bath with massage. This was one of the most relaxing, awkward experiences I have had. Highly suggest the Ayasofya Hurrem. Clean, gorgeous marble bath. Near the Blue Mosque so its a bit more expensive, but this is not something you want to skimp on. http://www.ayasofyahamami.com/ 2. Soccer...

OSUmountaineer

Also, am I incorrectly calling this a 'backdoor?'

OSUmountaineer

If I recharacterize the 4080, would I still be able to deduct the 1420 for 2014? To recharacterize, would that just involve a call to Vanguard or can I do it online?

I checked out the saver credit, unfortunately my income was a bit oo high to qualify.

Thanks for your help.

OSUmountaineer

I contributed $5500 to a tIRA for tax year 2014. Due to overtime, I made more money than I had anticipated and am now only able to deduct $1420 of the contribution. Should I be converting the remaining non-deductible $4080 to my Roth? This is the first year that I funded a tIRA, though that account ...

OSUmountaineer

2284.84

OSUmountaineer

I sign up for these bonuses several times a year. I just got offers for citi AA Platinum Select Mastercard - 50K miles after $3k in spend within 3 months, and the citi AA Gold World Mastercard - 50K AA miles after $1500 in spend within 3 months (also an extra 10K miles after 5K in spend within 12 m...

OSUmountaineer

Let me know. I cancelled it today, but if you are looking to do this, you will probably want to cancel before you find out from me if my plan worked. I won't know until I apply again shortly before the increased bonus goes away. I cancelled the Chase Freedom on December 6. I checked Credit Karma to...

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