Keyser Soze wrote:
On 1/12/18 3:57 PM, True North wrote:
On Friday, 12 January 2018 14:35:29 UTC-4, Keyser Soze wrote:
On 1/12/18 12:14 PM, amdx wrote:
On 1/12/2018 9:00 AM, Keyser Soze wrote:
On 1/12/18 9:46 AM, amdx wrote:
On 1/8/2018 6:29 PM, Alex wrote:
wrote:
On Sat, 6 Jan 2018 22:35:27 -0500, Alex wrote:

amdx wrote:
and hey, how about the stock market?

I should do well under the new tax law, looks like I'll
qualify for
the pass thru, knocking off 20% of my business income from being
taxable.
and a Standard deduction of $24k, what's not to like.
I'll will lose two child deductions, but I would have lost
one
anyone, she's getting married.

Mikek
My 401K hit seven figures shortly after President Trump was
elected and
has grown even more. I'll have to see how it affects my
paycheck.
The
new rates won't be active until next month. If this continues I
might
be able to retire at 55!


===

I've been moving into more conservative, and more diversified
assets
in anticipation of a market pull back. I'd suggest keeping
your job a
bit longer if you enjoy what you're doing. Inflation becomes a
real
risk once you stop working.

---
This email has been checked for viruses by AVG.
http://www.avg.com

I'm realistically looking to retire by 60. I've got a few IRA's
and
some non-retirement investments, too. I don't want to have to
watch
the market all the time to feel comfortable.

Investing new money is challenging right now with the market so
high. I'm looking more and more at real estate.

Many people do well with real estate, but if you buy rentals you are
buying a job. 20 some years ago I had 5 rentals, I did well with
them,
but when I moved out of state I sold them all, and at 62 I have zero
interest being on call to do repairs or maintenance.
Mikek


When the market "corrects" and tumbles, what are you going to do...go
back to selling shrimp?

Well, I do expect it to correct, but the market always corrects.
And then it surpasses it's old high. It's possible at some point I
will get the itch that "enough IS enough) and decide to get out. Then
the question is where;s the bottom, when do you get back in? You can't
time the market. At least not often enough over the long term.
I expect my nest egg to support at least my young wife for 30 more
years. That means I could have 30 more years of growth. 30 years of
growth at a conservative 6% will multiply a $1 in to $6 over 30 years.
There will be fluctuations, as long as we have enough income
during a
downturn we are good. We are good.
I'm about 70% in equities and may reduce that as I get older,
but I
doubt I will ever get to 50%.
I have a very tiny amount in bonds, because as rates rise, bonds
decrease and we are in a rising rate environment. I regret that
investment now, but I was restricted on what I could buy in my HSA
account.
I have breakfast with several other retirees twice a week. A
common
subject is how we live frugally and how we don't need to. However we
don't know what we need that we would spend money on.
My wife is very frugal, she recently went shopping for shirts
for me.
She picked out 10 or 11 shirts and had them held, she told me to go
look at the shirts, pick out what you like (she picked out the best
quality they had) and buy them. I went and bought 6 of the shirts I
liked. They were $2 a piece at Salvation Army. For $12 I got $120 to
$200 worth of shirts and they are great.
That's only one method we used to get to the Top 1% *.
Ok, I wanted you to stew for a second.
Not really in the top 1% but we're comfortable.

At this point, I'm invested for my kids.
Mikek

* I know how much you hate the 1%. Those evil rich people.


You were a hard-working guy. I have no reason to resent your financial
success.

My wife, who is 18 years younger than I am, should have a lovely
retirement.

She'll get a solid retirement from her employer, where she's been
for 20
years. Very shortly, her age and years of service will add up to 75,
which is the magic number for full retirement if you want to take
it. It
is reduced some for each year before the age of 60, if you take
retirement. Plus, at some point later, she'll get Social Security. Plus
her savings and other items. And, of course, she can charge $150 to
$200
an hour for therapy she provides as a private practitioner. She's
thinking of "retiring" to Hilton Head, where there is a large pool of
potential patients who aren't worried about paying for therapy via
health insurance.

From what I've seen of those southern boys in here...your wife would
have an avalanche of needy clients. She'd be doing the country a
great service if she could straighten out even a small percentage of
them.



Her future partner in Hilton Head and Savannah sees 6-8 patients a
day, five days a week, year around, and has a long waiting list, from
what I recall from our visit last summer. I doubt either of the ladies
would want to deal with the boys in here.

I'm sure they are "dealing" with more women than men in their pseudoscience.

Mr. Luddite wrote:
On 1/12/2018 5:35 PM, Keyser Soze wrote:
On 1/12/18 4:56 PM, amdx wrote:
On 1/12/2018 3:38 PM, Keyser Soze wrote:
On 1/12/18 3:57 PM, True North wrote:
On Friday, 12 January 2018 14:35:29 UTC-4, Keyser Soze wrote:
On 1/12/18 12:14 PM, amdx wrote:
On 1/12/2018 9:00 AM, Keyser Soze wrote:
On 1/12/18 9:46 AM, amdx wrote:
On 1/8/2018 6:29 PM, Alex wrote:
wrote:
On Sat, 6 Jan 2018 22:35:27 -0500, Alex
wrote:

amdx wrote:
and hey, how about the stock market?

I should do well under the new tax law, looks like I'll
qualify for
the pass thru, knocking off 20% of my business income from
being
taxable.
and a Standard deduction of $24k, what's not to like.
I'll will lose two child deductions, but I would have
lost one
anyone, she's getting married.

Mikek
My 401K hit seven figures shortly after President Trump was
elected and
has grown even more. I'll have to see how it affects my
paycheck.
The
new rates won't be active until next month. If this
continues I
might
be able to retire at 55!


===

I've been moving into more conservative, and more
diversified assets
in anticipation of a market pull back. I'd suggest keeping
your job a
bit longer if you enjoy what you're doing. Inflation becomes
a real
risk once you stop working.

---
This email has been checked for viruses by AVG.
http://www.avg.com

I'm realistically looking to retire by 60. I've got a few
IRA's and
some non-retirement investments, too. I don't want to have
to watch
the market all the time to feel comfortable.

Investing new money is challenging right now with the market so
high. I'm looking more and more at real estate.

Many people do well with real estate, but if you buy rentals
you are
buying a job. 20 some years ago I had 5 rentals, I did well
with them,
but when I moved out of state I sold them all, and at 62 I
have zero
interest being on call to do repairs or maintenance.
Mikek


When the market "corrects" and tumbles, what are you going to
do...go
back to selling shrimp?

Well, I do expect it to correct, but the market always corrects.
And then it surpasses it's old high. It's possible at some
point I
will get the itch that "enough IS enough) and decide to get out.
Then
the question is where;s the bottom, when do you get back in? You
can't
time the market. At least not often enough over the long term.
I expect my nest egg to support at least my young wife for 30
more
years. That means I could have 30 more years of growth. 30 years of
growth at a conservative 6% will multiply a $1 in to $6 over 30
years.
There will be fluctuations, as long as we have enough income
during a
downturn we are good. We are good.
I'm about 70% in equities and may reduce that as I get
older, but I
doubt I will ever get to 50%.
I have a very tiny amount in bonds, because as rates rise, bonds
decrease and we are in a rising rate environment. I regret that
investment now, but I was restricted on what I could buy in my
HSA account.
I have breakfast with several other retirees twice a week. A
common
subject is how we live frugally and how we don't need to.
However we
don't know what we need that we would spend money on.
My wife is very frugal, she recently went shopping for
shirts for me.
She picked out 10 or 11 shirts and had them held, she told me
to go
look at the shirts, pick out what you like (she picked out the best
quality they had) and buy them. I went and bought 6 of the shirts I
liked. They were $2 a piece at Salvation Army. For $12 I got
$120 to
$200 worth of shirts and they are great.
That's only one method we used to get to the Top 1% *.
Ok, I wanted you to stew for a second.
Not really in the top 1% but we're comfortable.

At this point, I'm invested for my kids.
Mikek

* I know how much you hate the 1%. Those evil rich people.


You were a hard-working guy. I have no reason to resent your
financial
success.

My wife, who is 18 years younger than I am, should have a lovely
retirement.

She'll get a solid retirement from her employer, where she's been
for 20
years. Very shortly, her age and years of service will add up to 75,
which is the magic number for full retirement if you want to take
it. It
is reduced some for each year before the age of 60, if you take
retirement. Plus, at some point later, she'll get Social
Security. Plus
her savings and other items. And, of course, she can charge $150
to $200
an hour for therapy she provides as a private practitioner. She's
thinking of "retiring" to Hilton Head, where there is a large
pool of
potential patients who aren't worried about paying for therapy via
health insurance.

From what I've seen of those southern boys in here...your wife
would have an avalanche of needy clients. She'd be doing the
country a great service if she could straighten out even a small
percentage of them.



Her future partner in Hilton Head and Savannah sees 6-8 patients a
day, five days a week, year around, and has a long waiting list,
from what I recall from our visit last summer. I doubt either of
the ladies would want to deal with the boys in here.

BTW,
To be in the top 1% of the WORLD, you need a household income of
$32,500 or you need $750,000 net worth.
Mikek


Such doesn't really interest me...


Seems like now-a-days if you keep your nose to the wheel stone, work
hard, be honest, treat customers and employees fairly that over the
years you may enjoy some level of success ... BUT ... if you succeed
too much in the eyes of many you go into the vilified file.



You nailed it. Krause gives Apple an exception, of course.

On Fri, 12 Jan 2018 18:08:50 -0500, Keyser Soze
wrote:



I have no interest in the "1% of the world." I think the pursuit of
money for greed's sake is a sickness.

Guilty?
If what you have said is true you are the top 1% of the US and more
like the top .0001% of the world. I bet you never said "naa, that's
too much" and gave your employer some back.

On Fri, 12 Jan 2018 20:01:47 -0500, Alex wrote:


I'm looking at land. Residential lots in SW FL and some acreage in
Central FL. All would be held in an LLC but I need to find out if I
still need to carry liability insurance in case some idiot trespasses
and gets hurt.

I would never be a landlord for the reasons you mention.

Short answer, yes, unless you are willing to give up all the assets of
the LLC, usually the property.
I also would not count on a lawyer trying to penetrate the LLC and
coming after you personally. Even if it is unsuccessful, you may still
end up paying the lawyer tax.

On Friday, January 12, 2018 at 6:08:53 PM UTC-5, Keyser Soze wrote:
On 1/12/18 5:54 PM, Mr. Luddite wrote:
On 1/12/2018 5:35 PM, Keyser Soze wrote:
On 1/12/18 4:56 PM, amdx wrote:
On 1/12/2018 3:38 PM, Keyser Soze wrote:

Her future partner in Hilton Head and Savannah sees 6-8 patients a
day, five days a week, year around, and has a long waiting list,
from what I recall from our visit last summer. I doubt either of the
ladies would want to deal with the boys in here.

Â*Â*BTW,
Â*Â*To be in the top 1% of the WORLD, you need a household income of
$32,500 or you need $750,000 net worth.
Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â* Â*Â*Â* Mikek


Such doesn't really interest me...


Seems like now-a-days if you keep your nose to the wheel stone, work
hard, be honest, treat customers and employees fairly that over the
years you may enjoy some level of success ...Â* BUT ... if you succeed
too much in the eyes of many you go into the vilified file.




I have no interest in the "1% of the world." I think the pursuit of
money for greed's sake is a sickness.

Yet you keep talking about your wife getting 150-200 an hour in her future practice. You are kneeling at the altar of sick.

On 1/12/2018 8:01 PM, Alex wrote:
amdx wrote:
On 1/8/2018 6:29 PM, Alex wrote:
wrote:
On Sat, 6 Jan 2018 22:35:27 -0500, Alex wrote:

amdx wrote:
and hey, how about the stock market?

I should do well under the new tax law, looks like I'll qualify for
the pass thru, knocking off 20% of my business income from being
taxable.
and a Standard deduction of $24k, what's not to like.
Â* I'll will lose two child deductions, but I would have lost one
anyone, she's getting married.

Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â* Â*Â* Mikek
My 401K hit seven figures shortly after President Trump was elected
and
has grown even more.Â* I'll have to see how it affects my paycheck. The
new rates won't be active until next month.Â* If this continues I might
be able to retire at 55!


===

I've been moving into more conservative, and more diversified assets
in anticipation of a market pull back.Â* I'd suggest keeping your job a
bit longer if you enjoy what you're doing.Â* Inflation becomes a real
risk once you stop working.

---
This email has been checked for viruses by AVG.
http://www.avg.com

I'm realistically looking to retire by 60.Â* I've got a few IRA's and
some non-retirement investments, too.Â* I don't want to have to watch
the market all the time to feel comfortable.

Investing new money is challenging right now with the market so high.
I'm looking more and more at real estate.

Many people do well with real estate, but if you buy rentals you are
buying a job. 20 some years ago I had 5 rentals, I did well with them,
but when I moved out of state I sold them all, and at 62 I have zero
interest being on call to do repairs or maintenance.
Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â* Â*Â*Â* Mikek


I'm looking at land.Â* Residential lots in SW FL and some acreage in
Central FL.Â* All would be held in an LLC but I need to find out if I
still need to carry liability insurance in case some idiot trespasses
and gets hurt.

I would never be a landlord for the reasons you mention.


Me either. We purchased two "extra" houses in the past but never rented
them. My mother lived in one of them for several years until she had to
move into assisted living. My youngest son and his wife lived in the
other for a while after he was discharged from the Navy and they were
getting their civilian life going.

We ended up selling both but "held the paper" meaning we hold the
mortgages. They are conventional, 30 year notes with interest at the
prevailing rates at the time they were written. I think one is at 6.5
percent and the other at 8 percent. Neither buyer has ever missed a
payment and we make all the interest the bank would normally make over
the term of the mortgage. The buyers pay for taxes, insurance,
maintenance, etc. just like a regular bank mortgage. We only pay income
taxes on the interest, not the principal. They provide a nice little
addition to our income every month.

On 1/12/2018 8:12 PM, wrote:
On Fri, 12 Jan 2018 17:32:35 -0500, "Mr. Luddite"
wrote:

On 1/12/2018 4:30 PM, wrote:
On Fri, 12 Jan 2018 12:32:02 -0500, "Mr. Luddite"
wrote:

On 1/12/2018 10:59 AM, wrote:
On Fri, 12 Jan 2018 10:00:11 -0500, Keyser Soze
wrote:

On 1/12/18 9:46 AM, amdx wrote:
On 1/8/2018 6:29 PM, Alex wrote:
wrote:
On Sat, 6 Jan 2018 22:35:27 -0500, Alex wrote:

amdx wrote:
and hey, how about the stock market?

I should do well under the new tax law, looks like I'll qualify for
the pass thru, knocking off 20% of my business income from being
taxable.
and a Standard deduction of $24k, what's not to like.
Â* I'll will lose two child deductions, but I would have lost one
anyone, she's getting married.

Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â* Â*Â* Mikek
My 401K hit seven figures shortly after President Trump was elected and
has grown even more.Â* I'll have to see how it affects my paycheck.Â* The
new rates won't be active until next month.Â* If this continues I might
be able to retire at 55!


===

I've been moving into more conservative, and more diversified assets
in anticipation of a market pull back.Â* I'd suggest keeping your job a
bit longer if you enjoy what you're doing.Â* Inflation becomes a real
risk once you stop working.

---
This email has been checked for viruses by AVG.
http://www.avg.com

I'm realistically looking to retire by 60.Â* I've got a few IRA's and
some non-retirement investments, too.Â* I don't want to have to watch
the market all the time to feel comfortable.

Investing new money is challenging right now with the market so high.
I'm looking more and more at real estate.

Many people do well with real estate, but if you buy rentals you are
buying a job. 20 some years ago I had 5 rentals, I did well with them,
but when I moved out of state I sold them all, and at 62 I have zero
interest being on call to do repairs or maintenance.
Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â* Â*Â*Â* Mikek


When the market "corrects" and tumbles, what are you going to do...go
back to selling shrimp?

Temporary glitches in the market are dealt with by using
diversification.
So far it has always recovered. If there was an actual crash that we
didn't recover from, selling shrimp would not be an option either
because the dollar would go down with it along with the whole world
economy.
That kind of thing will usually result in a massive war and these days
it will be the kind of war that ends all of that global warming
bull****. We will scrub those few billion of the population we need to
and be in a nuclear winter for a decade or two.



My, my. You certainly have a cheery outlook of the future.


I am just responding to the kind of crash Harry was alluding to.
It is not impossible tho. How long can we keep borrowing more than we
make (as a society)?
The fact remains that we have been borrowing our way to prosperity
since the Reagan administration with no real plan to pay it back. One
of these days that debt will overwhelm our ability to even pay the
interest. Then what? That is the long range problem.
In the short term, it will not take much to crash the stock market and
depress the economy.
A coup in the executive branch would do it as we saw in 74, a crash
the middle class never recovered from. That is also what led to the
"borrow and spend prosperity".



I get a kick out of the economic experts giving their predictions. The
gold/precious metals people say we are about to experience a major stock
market crash that will make 2008's real estate bubble burst look like a
minor hic-up. Then there's the pro-market guys (heard one today) who
are predicting a long term (3 to 5 year) run up of stock values.


I could argue either side of that. You do have a ****load of Gen Exers
and Millennials chucking money into the market with their 401ks and
that tends to support the bull but I still have a hard time ignoring
the debt problem and the lack of real growth.
We already borrow all of the money to run the government beyond
entitlements and interest on the debt. What happens when revenue does
not even cover that? The Fed already monetized $4.5T of our debt by
buying unsold bonds. When will the world figure out our debt is a bad
bet and stop renewing their bonds? Things will happen fast then.
I know US "paper" is supposed to be the safest thing in the world but
so was real estate ... until it wasn't.
I was the one on these yacking boards who said real estate was
cruising for a fall but I was 10-15 years early. I did not believe the
elasticity of the financial markets to absorb that much bad debt. When
it finally popped it was much worse than I predicted tho because it
brought down the banking industry with it, not just the real estate
market. I did not really understand the effect of the derivatives.
This situation is worse than that.
If the federal debt bubble pops the 30s will look like a bump in the
road. It could take down "money" as we know it.



Debt as it relates to global economics is a transparent, phony concept
period. There's no underlying standard or base to it. Debt is only
real to common people tied to the banking systems via mortgages, credit
cards or loans and the penalties for defaulting are governed only within
the rules of the banking systems.

Global (national) debt doesn't mean a thing. To be concerned with it
assumes you think a "note" is going to be called and it is going to be
repaid someday by someone. It isn't. It's factored into global trade
and international finance. To think it is like a bank loan that has a
maturity date tied to it isn't real. A maturity date doesn't exist.
If there aren't enough revenues to pay the phony interest, the
government just prints more money.

On 1/12/18 11:05 PM, wrote:
On Fri, 12 Jan 2018 18:08:50 -0500, Keyser Soze
wrote:



I have no interest in the "1% of the world." I think the pursuit of
money for greed's sake is a sickness.

Guilty?
If what you have said is true you are the top 1% of the US and more
like the top .0001% of the world. I bet you never said "naa, that's
too much" and gave your employer some back.


My employer has been me since the mid-1970s.

On 1/13/2018 4:33 AM, Mr. Luddite wrote:
On 1/12/2018 8:01 PM, Alex wrote:
amdx wrote:
On 1/8/2018 6:29 PM, Alex wrote:
wrote:
On Sat, 6 Jan 2018 22:35:27 -0500, Alex wrote:

amdx wrote:
and hey, how about the stock market?

I should do well under the new tax law, looks like I'll qualify for
the pass thru, knocking off 20% of my business income from being
taxable.
and a Standard deduction of $24k, what's not to like.
Â* I'll will lose two child deductions, but I would have lost one
anyone, she's getting married.

Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â* Â*Â* Mikek
My 401K hit seven figures shortly after President Trump was
elected and
has grown even more.Â* I'll have to see how it affects my paycheck.
The
new rates won't be active until next month.Â* If this continues I
might
be able to retire at 55!


===

I've been moving into more conservative, and more diversified assets
in anticipation of a market pull back.Â* I'd suggest keeping your job a
bit longer if you enjoy what you're doing.Â* Inflation becomes a real
risk once you stop working.

---
This email has been checked for viruses by AVG.
http://www.avg.com

I'm realistically looking to retire by 60.Â* I've got a few IRA's and
some non-retirement investments, too.Â* I don't want to have to watch
the market all the time to feel comfortable.

Investing new money is challenging right now with the market so
high. I'm looking more and more at real estate.

Many people do well with real estate, but if you buy rentals you are
buying a job. 20 some years ago I had 5 rentals, I did well with them,
but when I moved out of state I sold them all, and at 62 I have zero
interest being on call to do repairs or maintenance.
Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â*Â* Â*Â*Â* Mikek


I'm looking at land.Â* Residential lots in SW FL and some acreage in
Central FL.Â* All would be held in an LLC but I need to find out if I
still need to carry liability insurance in case some idiot trespasses
and gets hurt.

I would never be a landlord for the reasons you mention.


Me either.Â* We purchased two "extra" houses in the past but never rented
them. My mother lived in one of them for several years until she had to
move into assisted living.Â* My youngest son and his wife lived in the
other for a while after he was discharged from the Navy and they were
getting their civilian life going.

We ended up selling both but "held the paper" meaning we hold the
mortgages.Â* They are conventional, 30 year notes with interest at the
prevailing rates at the time they were written.Â* I think one is at 6.5
percent and the other at 8 percent.Â* Neither buyer has ever missed a
payment and we make all the interest the bank would normally make over
the term of the mortgage.Â* The buyers pay for taxes, insurance,
maintenance, etc. just like a regular bank mortgage.Â* We only pay income
taxes on the interest, not the principal.Â* They provide a nice little
addition to our income every month.



I'm holding paper on a property collecting 8%.
Family member wanted to borrow money to buy a property,
I told my wife if she wants to lend money that she needs to get her name
on the deed. So we were 1/3 owner, after a couple years the 2/3 owner
wanted out. we got a little discount and were full owners. For a couple
years we collected 11%, then when we renewed the contract I dropped it
to 8%. It has a couple more years to go. I'm tempted to cash out, but
it's money every year and all I need to do is cash the check. The buyer
has made great improvements to the property and even bought more land
around it. It is part of a church, so I feel it is pretty safe and even
with a default it's more valuable then when we sold it.
Mikek

Its Me Wrote in message:
On Friday, January 12, 2018 at 6:08:53 PM UTC-5, Keyser Soze wrote:
On 1/12/18 5:54 PM, Mr. Luddite wrote:
On 1/12/2018 5:35 PM, Keyser Soze wrote:
On 1/12/18 4:56 PM, amdx wrote:
On 1/12/2018 3:38 PM, Keyser Soze wrote:

Her future partner in Hilton Head and Savannah sees 6-8 patients a
day, five days a week, year around, and has a long waiting list,
from what I recall from our visit last summer. I doubt either of the
ladies would want to deal with the boys in here.

BTW,
To be in the top 1% of the WORLD, you need a household income of
$32,500 or you need $750,000 net worth.
Mikek


Such doesn't really interest me...


Seems like now-a-days if you keep your nose to the wheel stone, work
hard, be honest, treat customers and employees fairly that over the
years you may enjoy some level of success ... BUT ... if you succeed
too much in the eyes of many you go into the vilified file.




I have no interest in the "1% of the world." I think the pursuit of
money for greed's sake is a sickness.

Yet you keep talking about your wife getting 150-200 an hour in her future practice. You are kneeling at the altar of sick.


He has nothing else to look forward to. His well being is
dependant on his brides ability to weasel in on the con her
girlfriend is running at Hilton Head.
--
x


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