Search found 984 matches

by Stormbringer
Sat Jul 04, 2020 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 63
Views: 5709

Re: Landlords: How are you doing this year?

No problems yet, but bracing for the next couple months when the government programs run out. Between tax refunds, stimulus checks, and enhanced unemployment, tenants have been flush with cash the past few months. That may end soon.
by Stormbringer
Fri Jul 03, 2020 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with all this MONEY ?
Replies: 105
Views: 9716

Re: What to do with all this MONEY ?

What to do with all this MONEY ? Take your family on an annual vacation. You will get some quality time with them, create some memories, and relieve them of the stress of funding a vacation. Go to great places, like Hawaii or London. Rent a big house where you can all stay together. Make sure the g...
by Stormbringer
Fri Jul 03, 2020 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: anonymous LLC
Replies: 9
Views: 1079

Re: anonymous LLC

Form the LLC in New Mexico. Even the State doesn't know who the owners are. Use a law firm that specializes in anonymous LLCs.
by Stormbringer
Sun Jun 28, 2020 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Which College degrees are worthwhile?
Replies: 147
Views: 8608

Re: Which College degrees are worthwhile?

alex123711 wrote:
Fri Jun 26, 2020 10:26 pm
Which degrees are still worthwhile/ likely to lead to employment these days?
My computer science degree has served me very well, but it isn't for everyone.
My MBA hasn't done much for me that I can tell.
by Stormbringer
Wed Jun 24, 2020 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of a PMP and is it worth it?
Replies: 38
Views: 3507

Re: Cost of a PMP and is it worth it?

notmyhand wrote:
Sun Jun 21, 2020 12:56 pm
I am not an engineer so having trouble finding work that pays 150k+ that is not strictly sales.
I suspect that a PMP certification is more likely to get someone from $70K to $90K than it is getting anyone to $150K. Most PMs don't make that much.
by Stormbringer
Fri Jun 05, 2020 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Is the PPP out of money?
Replies: 16
Views: 1579

Re: Is the PPP out of money?

The reported in the PDF on the SBA website here shows dollars allocated through date of report. Updated regularly. Subtract from what was allocated to get remaining amount. https://www.sba.gov/document/report--paycheck-protection-program-ppp-report The SBA says there are over 30 million small busin...
by Stormbringer
Fri Jun 05, 2020 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 295
Views: 20740

Re: Optimizing PPP Forgiveness

The bill has been signed into law (link). This should greatly expand the availability of loan forgiveness for small businesses.
by Stormbringer
Thu Jun 04, 2020 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pros/cons of utilizing mortgage deferral
Replies: 56
Views: 2521

Re: Pros/cons of utilizing mortgage deferral

On the advice of my banker, I put all my rental properties into forbearance back in April. It hasn't affected my credit score thus far. It will not affect your score, period (unless someone makes a mistake and only until that mistake is corrected). However, if you tried to get approved for a mortga...
by Stormbringer
Thu Jun 04, 2020 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Pros/cons of utilizing mortgage deferral
Replies: 56
Views: 2521

Re: Pros/cons of utilizing mortgage deferral

On the advice of my banker, I put all my rental properties into forbearance back in April. It hasn't affected my credit score thus far.
by Stormbringer
Sat May 30, 2020 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116024

Re: Why are you NOT buying rental properties?

Good real estate investments are hard to come by nowadays. For several years after the 2008-09 financial crisis, I was buying 3-4 properties per year at great prices. The past couple years have been nearly impossible. I was making cash offers above asking price, and losing deals to people offering ...
by Stormbringer
Mon May 11, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: PPP loan forgiveness question
Replies: 9
Views: 759

Re: PPP loan forgiveness question

I'm doing the solo 401K contribution and hoping for the best. As written, the CARES Act puts no cap on retirement contributions. The problem is that the SBA keeps layering on new restrictions, and Congress is under immense pressure to make the PPP forgiveness more flexible, which also gives them an ...
by Stormbringer
Sun May 03, 2020 7:15 am
Forum: Investing - Theory, News & General
Topic: [Are American markets likely to outperform INTL]
Replies: 237
Views: 16280

Re: American exceptionalism

I hesitate to even chime in on this thread as they usually devolve into a mess. But I'd just point out that the US does have certain structural advantages which give businesses based here and the country as a whole some wind at their backs. Things like: 1. Arable land 2. Access to fresh water 3. Hi...
by Stormbringer
Sun May 03, 2020 6:55 am
Forum: Investing - Theory, News & General
Topic: When to sell low? Buffett sells entire airline stake
Replies: 81
Views: 11755

Re: When to sell low? Buffett sells entire airline stake

I''ll take armchair quarterbacking for $1,000, Alex.
by Stormbringer
Wed Apr 29, 2020 6:25 am
Forum: Personal Finance (Not Investing)
Topic: PPP Loan ethics
Replies: 56
Views: 3817

Re: PPP Loan ethics

Usually the government comes with its hand out, taking money from us. Occasionally, it comes with a handout, giving money to us. Either way, I think the quote from U.S. Court of Appeals Judge Learned Hand is relevant: Anyone may arrange his affairs so that his taxes shall be as low as possible; he i...
by Stormbringer
Sun Apr 26, 2020 9:55 pm
Forum: Investing - Theory, News & General
Topic: Did we just go in and out of a recession?
Replies: 25
Views: 3257

Re: Did we just go in and out of a recession?

We're definitely not out of a recession. Also, we might want to dust off the term "depression" just in case.
by Stormbringer
Sat Apr 25, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: HELOC for emergency
Replies: 26
Views: 1523

Re: HELOC for emergency

HELOC for emergency I did this in the past, and then 2008/2009 hit. In March 2009 I received a letter from Wells Fargo announcing that, effective immediately, my HELOC was closed. That was exactly the time that I might have needed it most (fortunately, I did not). Any strategy that involves using a...
by Stormbringer
Sat Apr 25, 2020 9:47 am
Forum: Personal Finance (Not Investing)
Topic: PPP Loan and Risk that Forgiveness Rules will Change
Replies: 15
Views: 1331

Re: PPP Loan and Risk that Forgiveness Rules will Change

The SBA has already made two changes: Publicly traded companies don't qualify. Hedge funds don't qualify. I suspect that this is just getting started, and a significant effort will be made to ensure that PPP doesn't become a windfall for companies that didn't need the money. On the PPP application, ...
by Stormbringer
Sat Apr 25, 2020 5:24 am
Forum: Personal Finance (Not Investing)
Topic: Forbearance on mortgage
Replies: 3
Views: 503

Re: Forbearance on mortgage

Hi Is it a good idea to use the loan foerbearance available for 1 year due to covid 19. Is it equivalent to living free for this one year. I know I will still have to pay the term if the loan a year later. Ideas/ suggestions welcome. I plan to build up the emergency fund more in face of uncertainty...
by Stormbringer
Sat Apr 25, 2020 5:10 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 295
Views: 20740

Re: Optimizing PPP Forgiveness

The SBA issued new PPP guidance yesterday (4/24). The headlines talked about hedge funds being disqualified, but the guidance also included this language: all borrowers should review carefully the required certification that “[c]urrent economic uncertainty makes this loan request necessary to suppor...
by Stormbringer
Thu Apr 23, 2020 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 295
Views: 20740

Re: Optimizing PPP Forgiveness

What it will actually take to have these amounts forgiven is the big question mark. I'm worried that receiving forgiveness is going to be much more difficult than anyone is expecting. The politics around it is going to be awful. Just today the US Treasury issued guidance that disqualifies all publi...
by Stormbringer
Wed Apr 22, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 295
Views: 20740

Re: Optimizing PPP Forgiveness

Are there any issues with increasing headcount and using the PPP funds for the new positions?
by Stormbringer
Sun Apr 19, 2020 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off!!
Replies: 71
Views: 10333

Re: Laid off!!

The American employer-employee relationship is all about business. There are neither friends nor foes. It is all about interest. For the case of an at-will employment, either party, employer or employee, is free to terminate the employment. Take a severance if any or the best one if negotiable and ...
by Stormbringer
Sat Apr 18, 2020 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Optimizing PPP Forgiveness
Replies: 295
Views: 20740

Optimizing PPP Forgiveness

My two businesses are about to receive their PPP funds, which has me thinking about the forgiveness aspect of it. PPP isn't a grant, it is a two-year loan @ 1% interest. Some, all, or none of it may be forgiven after 8 weeks. I'm starting this thread so people can discuss strategies for maximizing l...
by Stormbringer
Fri Apr 17, 2020 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 14016

Re: How many paid for kids' college?

We paid for our daughter. It isn't her fault that she grew up in a country that sells its youth into debt bondage to get an almost mandatory college degree. It cost me about $12,000 to get my entire degree from a state university 25 years ago. It cost her that much to attend a single semester while ...
by Stormbringer
Fri Apr 17, 2020 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Has your PPP loan been processed yet? Ours hasn’t been, and I'm getting concerned
Replies: 102
Views: 7679

Re: Has your PPP loan been processed yet? Ours hasn’t been, and I'm getting concerned

Ruth Chris got 20 million dollars off the top? From a small business protection program????? Someone slipped this gem into the law: (iii) BUSINESS CONCERNS WITH MORE THAN 1 PHYSICAL LOCATION.—During the covered period, any business concern that employs not more than 500 employees per physical locat...
by Stormbringer
Thu Apr 16, 2020 11:34 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio: ‘you’d be pretty crazy to hold bonds’ right now
Replies: 128
Views: 13359

Re: Ray Dalio: ‘you’d be pretty crazy to hold bonds’ right now

dziuniek wrote:
Thu Apr 16, 2020 9:59 am
Stormbringer wrote:
Wed Apr 15, 2020 7:55 pm
The thought of loaning someone money for 10 years @ 0.63% nominal interest makes my stomach churn.
Sure, but if rates go even lower - you'll be making a hefty return.
Okay, lend me $100,000 for 10 years at .63% interest then. You might make a hefty return. :D
by Stormbringer
Wed Apr 15, 2020 7:55 pm
Forum: Investing - Theory, News & General
Topic: Ray Dalio: ‘you’d be pretty crazy to hold bonds’ right now
Replies: 128
Views: 13359

Re: Ray Dalio: ‘you’d be pretty crazy to hold bonds’ right now

The thought of loaning someone money for 10 years @ 0.63% nominal interest makes my stomach churn.
by Stormbringer
Wed Apr 15, 2020 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Has your PPP loan been processed yet? Ours hasn’t been, and I'm getting concerned
Replies: 102
Views: 7679

Re: Has your PPP loan been processed yet? Ours hasn’t been, and I'm getting concerned

I got my SBA loan #'s (two businesses) on Monday morning, so it took about 6 business days from the time I submitted the paperwork. I haven't received the money yet, though. The bank said it needed a few more days for that.
by Stormbringer
Mon Apr 13, 2020 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: So you got your PPP loan now what?
Replies: 14
Views: 1440

Re: So you got your PPP loan now what?

Are there any restrictions on using the PPP funds on payroll for the owner? Like, can you give yourself a bonus with it?
by Stormbringer
Sat Apr 11, 2020 10:46 am
Forum: Investing - Theory, News & General
Topic: What's the Bond Market's Expectation for Future Inflation?
Replies: 54
Views: 3000

Re: What's the Bond Market's Expectation for Future Inflation?

Could be wrong, but I just don't see where the long-term pressures for higher inflation in the U.S. or the global economy will be coming from after the virus crisis — despite the vast amounts of fiscal and monetary stimulus. Chances are it will be absorbed into the global economy in the years ahead...
by Stormbringer
Sat Apr 11, 2020 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Holding EF in something other than cash?
Replies: 32
Views: 1795

Re: Holding EF in something other than cash?

I keep half in a money market account, and the other half in I-bonds.
by Stormbringer
Sat Apr 11, 2020 9:36 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 355
Views: 28323

Re: just got my $1200 stimulus payment

As a landlord, I highly recommend that people use the money to pay their rent. As a convenience to tenants, some of us are even willing to accept advance payments for May and June for no additional charge. :D
by Stormbringer
Fri Apr 10, 2020 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Airline refusing to issue refunds
Replies: 167
Views: 15036

Re: Airline refusing to issue refunds

My grandma always used to say, "you can't squeeze blood from a turnip."

The answer is simple. UAL doesn't have the money to refund all those tickets. They are hemorrhaging cash.
by Stormbringer
Fri Apr 10, 2020 10:53 am
Forum: Personal Finance (Not Investing)
Topic: 401k match suspended
Replies: 18
Views: 1827

Re: 401k match suspended

I guess I’m just annoyed because she works for an “essential services” company that, at least from my eyes, hasn’t seen a reduction in work due to coronavirus. My wife's company suspended their 401(k) match in 2008. Five years later, they restored it at the paltry rate of 1% because they "couldn't ...
by Stormbringer
Wed Apr 08, 2020 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Help for Landlords in the Stimulus Bills?
Replies: 198
Views: 13554

Re: Help for Landlords in the Stimulus Bills?

Has anyone try applying for an EIDL, Economic injury Disaster Loan, as a landlord? I just submitted applications for two of my LLCs. I have some vacancies that are basically impossible to fill at the moment. We'll see what happens. I can't find any guidance on how to properly use this program. My b...
by Stormbringer
Mon Apr 06, 2020 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: PPP for Self Employed - Is This Right? [Paycheck Protection Program]
Replies: 50
Views: 3400

Re: PPP for Self Employed - Is This Right?

JimmyJames wrote:
Mon Apr 06, 2020 7:03 pm
No, the $100k limit is inclusive of all those items.
My bank said the $100K limit excludes retirement and health insurance. Confusion about this appears to be widespread. Also, to be counted as a payroll cost, the health insurance needs to be a group health plan.
by Stormbringer
Sat Apr 04, 2020 4:52 pm
Forum: Personal Consumer Issues
Topic: is a $1000+ herman miller office chair worth the investment?
Replies: 37
Views: 2930

Re: is a $1000+ herman miller office chair worth the investment?

I've been sitting in an Aeron chair for 25 years. I'm on my 4th one. I love them.
by Stormbringer
Sat Apr 04, 2020 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Help for Landlords in the Stimulus Bills?
Replies: 198
Views: 13554

Re: Help for Landlords in the Stimulus Bills?

No, landlords are the primary group that is excluded from benefitting from the first two, since various federal and state orders have removed landlords’ remedies for non-payment. Tenants’ consequences for non-payment of many utilities have also been reallocated to landlords. I suppose that depends ...
by Stormbringer
Sat Apr 04, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Help for Landlords in the Stimulus Bills?
Replies: 198
Views: 13554

Re: Help for Landlords in the Stimulus Bills?

I have read that many jurisdictions have put a moratorium on evictions, except in exceptional cases. This would have the effect of a landlord being forced to subsidize a nonpaying tenant. Is anyone aware of anything in the stimulus bills that have passed that would help landlords deal with this sit...
by Stormbringer
Sat Apr 04, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Max loan ammount under PPP
Replies: 21
Views: 1474

Re: Max loan ammount under PPP

So, under this approach, your calculation would be: 1. 300,000 + 19,000 + 56,000 + [employer portion of state and local tax, not employee] (I think you listed employee so I am eliminating it in this calculation) = $375,000 OP indicated that the business has a single employee, so I'm not sure that h...
by Stormbringer
Sat Apr 04, 2020 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can You Get Multiple PPP Loans If You Own Multiple Businesses?
Replies: 8
Views: 2422

Re: Can You Get Multiple PPP Loans If You Own Multiple Businesses?

Yes, you can. Question #3 on the SBA application asks you to create an addendum listing other businesses you are involved in. According to my banker, this is so they can identify controlled groups of companies in excess of 500 employees.
by Stormbringer
Fri Apr 03, 2020 5:02 pm
Forum: Investing - Theory, News & General
Topic: Cares Act Payroll Protection Program
Replies: 154
Views: 9733

Re: Cares Act Payroll Protection Program

This is going to be a cash grab of epic proportion, but $321k per loan? No way. I guess people could be overstating, thinking they will just pay it back after they see what they can get away with on the forgiveness. If I can qualify my subcontractor pay, my claim is about $750k. The SBA is tweeting...
by Stormbringer
Fri Apr 03, 2020 3:56 pm
Forum: Investing - Theory, News & General
Topic: Cares Act Payroll Protection Program
Replies: 154
Views: 9733

Re: Cares Act Payroll Protection Program

The first 9970 loans used up $3.2 billion of the $350 billion. There are 30 million small businesses...
by Stormbringer
Fri Apr 03, 2020 10:06 am
Forum: Investing - Theory, News & General
Topic: The end of cruise ships [cruise line stock prices]
Replies: 246
Views: 26254

Re: The end of cruise ships [cruise line stock prices]

I'm far more concerned about the 10 pounds I manage to gain on a cruise than I am about become deathly ill. I've stayed in Vegas casinos that are just as crowded, and attended concerts theaters and sporting events that are even more crowded.
by Stormbringer
Fri Apr 03, 2020 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 33777

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

CIBC not yet accepting applications either. My banker indicated "There are still some issues within the program that are being finalized. Many banks have decided to not move ahead today but will use the day and weekend to fully understand the program and get processes in place to meet the great dem...
by Stormbringer
Fri Apr 03, 2020 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus help for small businesses, sole proprietors, s-corp etc
Replies: 627
Views: 33777

Re: Stimulus help for small businesses, sole proprietors, s-corp etc

I don't think there is nearly enough money. The law contains this: (iii) BUSINESS CONCERNS WITH MORE THAN 1 PHYSICAL LOCATION.—During the covered period, any business concern that employs not more than 500 employees per physical location of the business concern and that is assigned a North American ...
by Stormbringer
Thu Apr 02, 2020 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Forbearance
Replies: 18
Views: 1623

Re: Mortgage Forbearance

My banker suggested doing this on my investment properties. I could forgo payments for up 12 months, potentially, and then at the end of it, extend the mortgage by a year. I like the idea of amassing a huge cash positive cash flow when everything is cheap and getting cheaper, but I need to take a c...
by Stormbringer
Thu Apr 02, 2020 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Help for Landlords in the Stimulus Bills?
Replies: 198
Views: 13554

Re: Help for Landlords in the Stimulus Bills?

I have read that many jurisdictions have put a moratorium on evictions, except in exceptional cases. This would have the effect of a landlord being forced to subsidize a nonpaying tenant. Is anyone aware of anything in the stimulus bills that have passed that would help landlords deal with this sit...
by Stormbringer
Wed Apr 01, 2020 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Forbearance
Replies: 18
Views: 1623

Re: Mortgage Forbearance

My banker suggested doing this on my investment properties. I could forgo payments for up 12 months, potentially, and then at the end of it, extend the mortgage by a year. I like the idea of amassing a huge cash positive cash flow when everything is cheap and getting cheaper, but I need to take a cl...