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2020 Investment Thread

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byke said:
That really sucks about the tenant. Seems like a pretty responsible list and it's great you're doing things proper. I'm still cautious of "not making money" approach for things that popup, but if you're making it work over time, then good on ya.

I gotta ask a silly question, is there a pre-tax account/medium to save for repairs?
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Kinda like an HSA or something? Hmmm good question.
 
byke said:
Yes, like that, though I'm not sure how they work and I'd guess they're heavily regulated. When you use your HSA, how do you actually pay?
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I love HSA's. I have been trying to get my company to offer one, but even though I made the case that its helps the Employees and the Company save money, they are too lazy to offer it.

I have a old HSA and you can use a debit card given to you buy the HSA admin to pay or pay another way and submit a form for reimbursement.

No, I don't think there is a pre-tax account you can use for real estate like that, but most management companies will want to keep a reserve of cash to pay for big ticket items.
 
byke said:
Yes, like that, though I'm not sure how they work and I'd guess they're heavily regulated. When you use your HSA, how do you actually pay?
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its basically a debit card they run as credit in my experience. I had a couple Gs sitting in one from years ago and I've been using it for random doctor visits and physical therapy this year
 
byke said:
Spent some time this weekend looking into property rentals and I see that people purchasing rentals like to at least hit that 1% ratio of a 200k house bringing in 2k/mo in rent. California is super fkd up in the ratio which much of the country enjoys. A couple down the street sold their house earlier this year for 400k and it could probably be rented for 2k. Another will probably sell theirs for 300k and it's worth maybe 1500/mo in rent. I don't know how people have rentals in the bay, the leverage would be crazy.
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I'll be inheriting mine? I don't think anyone is looking here for sfr rentals, multi unit much more likely.
 
A high deductible plan + HSA has a lot of benefits.

1. Stays with you for life - not a FLEX account.
2. Contribute pre-tax (lowers your taxable income)
3. Invest tax free
4. Pay medical expenses tax free for ever
5. At 65, can use for other expenses like a retirement account.
6. I can think of many band aids, and drug store items that I would like to use pre-tax dollar on.
 
It looks like we will be seeing a v V v V v V v V V V shaped "recovery" for some time to come, lol.
 
I'd say a flattening out before the election is somewhat expected. Tough not to discuss the overall market right now without a certain degree of politics, so I'll keep opinions of the people themselves out of it. We know it'll break up if the current guy wins, and I think something else that's happening is that, since it's looking like the other guy may win, firms like Goldman Sachs are dropping articles as a form of preemptive-hedging-social-programming to also help the market break up if he wins, but I'd expect more sideways trading.
 
Well considering only real acceleration in last few years have been from government spending, they are not that far off.
 
And that's also where you have to remove your Buffet brain and install your moron brain, in order to understand growth as a result of inversely proportional debt.
 
byke said:
I'd say a flattening out before the election is somewhat expected. Tough not to discuss the overall market right now without a certain degree of politics, so I'll keep opinions of the people themselves out of it. We know it'll break up if the current guy wins, and I think something else that's happening is that, since it's looking like the other guy may win, firms like Goldman Sachs are dropping articles as a form of preemptive-hedging-social-programming to also help the market break up if he wins, but I'd expect more sideways trading.
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Otherguy Overby for Prez! ( A reference a few might get, if they are old enough.)
 
byke said:
And that's also where you have to remove your Buffet brain and install your moron brain, in order to understand growth as a result of inversely proportional debt.
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A nation state is not a business.
 
Killroy1999 said:
A high deductible plan + HSA has a lot of benefits.

1. Stays with you for life - not a FLEX account.
2. Contribute pre-tax (lowers your taxable income)
3. Invest tax free
4. Pay medical expenses tax free for ever
5. At 65, can use for other expenses like a retirement account.
6. I can think of many band aids, and drug store items that I would like to use pre-tax dollar on.
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a high deductible plan works great for people who don't need serious medical treatment presently or in the future. The HSA evaporates quickly when only one bad emergency happens. The out of pocket max is much higher than a conventional med insurance. Imagine if you have kids and a wife on your policy too.

It's a gamble that can work out, for sure. Just know what you're getting in to.
 
Bowling4Bikes said:
a high deductible plan works great for people who don't need serious medical treatment presently or in the future. The HSA evaporates quickly when only one bad emergency happens. The out of pocket max is much higher than a conventional med insurance. Imagine if you have kids and a wife on your policy too.

It's a gamble that can work out, for sure. Just know what you're getting in to.
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Yeah, rarely spend money on health care so its worth it to me. The reduced premium of a High Deductible Plan + HSA is >$2000 a year. One company I worked for would just deposit $2000 in your HSA if you took a free physical at work.

The high deductible covers you for anything big - that his how insurance should work, IMHO. Basically, you end up paying for 'no out of pocket' in the premium. YRMV.

"Tragedy of the Commons" is at play.
 
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Well, damn, that was quite a move. Glad I held most of my equities and happy.
 
afm199 said:
Well, damn, that was quite a move. Glad I held most of my equities and happy.
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:thumbup it pushed a stock I bought IPO into profit range. It was underwater the day I got it, so it's been a bug in my ass for a bit. I've been close to doing some capital gains tax balancing by selling some or all, but I'm glad I didn't. With my hesitancy that this spike will be sustained, I decided to sell at a profit of 14% over 2 years. I'll take it! Now watch it go crazy, but hey I got a piece at least. I'm still keen to grow my $$$ on the sidelines for now.
 
I sold some positions yesterday, and today. Took a new one. Basically the economic crisis in the US is far from over.
 
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