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 1/13/2018 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

On 1/13/2018 7:34 AM, amdx wrote:
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?

20 day update.

Dow up another 5%, unemployment down to 4.1%, the government is not shut
down, despite the dums, the kids have insurance (CHPs), business
confidence is up, many, many businesses have given bonuses to low level
employees, Apple is going to repatriate overseas money, companies are
committing to expand production.
Just think how great it will be when the tax reduction starts showing
up in peoples paychecks.
Hang on, it'll be quite a ride with the dum's complaining all the way.
Mikek

On 1/26/2018 3:32 PM, amdx wrote:
On 1/13/2018 7:34 AM, amdx wrote:
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?

Â*20 day update.

Dow up another 5%, unemployment down to 4.1%, the government is not shut
down, despite the dums, the kids have insurance (CHPs), business
confidence is up, many, many businesses have given bonuses to low level
employees, Apple is going to repatriate overseas money, companies are
committing to expand production.
Â*Just think how great it will be when the tax reduction starts showing
up in peoples paychecks.
Â*Hang on, it'll be quite a ride with the dum's complaining all the way.
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*Â*Â* Mikek


Help me, I falling! Another 2.4% and I'll be back to Jan 1 level.

amdx wrote:
On 1/26/2018 3:32 PM, amdx wrote:
On 1/13/2018 7:34 AM, amdx wrote:
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?

20 day update.

Dow up another 5%, unemployment down to 4.1%, the government is not
shut down, despite the dums, the kids have insurance (CHPs), business
confidence is up, many, many businesses have given bonuses to low
level employees, Apple is going to repatriate overseas money,
companies are committing to expand production.
Just think how great it will be when the tax reduction starts
showing up in peoples paychecks.
Hang on, it'll be quite a ride with the dum's complaining all the way.
Mikek


Help me, I falling! Another 2.4% and I'll be back to Jan 1 level.


I love it. I have a decent amount of money to invest before tax day and
I was hoping to see a drop. It's long overdue.

I know it's not a good thing for those of you who are drawing from IRA's
and 401K's but these corrections are historically short lived.

On 2/2/18 2:16 PM, amdx wrote:



Â*Â* Help me, I falling! Another 2.4% and I'll be back to Jan 1 level.


Did your portfolio drop a bit this past week?

I don't know why anyone should complain. The market has been little more
than a giant crap shoot for decades. The value of shares is hardly
traceable to solid earnings, growth in market share, stellar management,
low debt, et cetera. These days, it is speculation, speculation,
speculation, and money churning. We didn't see a serious "correction"
the last few days, but assuredly one is coming...big time. It won't be
pretty.

On 2/3/2018 9:49 AM, Keyser Soze wrote:
On 2/2/18 2:16 PM, amdx wrote:



Â*Â*Â* Help me, I falling! Another 2.4% and I'll be back to Jan 1 level.


Did your portfolio drop a bit this past week?

I don't know why anyone should complain. The market has been little more
than a giant crap shoot for decades. The value of shares is hardly
traceable to solid earnings, growth in market share, stellar management,
low debt, et cetera. These days, it is speculation, speculation,
speculation, and money churning. We didn't see a serious "correction"
the last few days, but assuredly one is coming...big time. It won't be
pretty.


Yup. I agree. It will happen the week after the mid terms assuming the
Dems do well.

Keyser Soze Wrote in message:
On 2/2/18 2:16 PM, amdx wrote:



Help me, I falling! Another 2.4% and I'll be back to Jan 1 level.


Did your portfolio drop a bit this past week?

I don't know why anyone should complain. The market has been little more
than a giant crap shoot for decades. The value of shares is hardly
traceable to solid earnings, growth in market share, stellar management,
low debt, et cetera. These days, it is speculation, speculation,
speculation, and money churning. We didn't see a serious "correction"
the last few days, but assuredly one is coming...big time. It won't be
pretty.
Gee turd breath. Can we quote you on that? When did you become a financial guru? Your life has been a financial train wreck. I suppose the school of hard knocks is a pretty good teacher.


--
x


----Android NewsGroup Reader----
http://usenet.sinaapp.com/

On Saturday, February 3, 2018 at 9:49:37 AM UTC-5, Keyser Soze wrote:
On 2/2/18 2:16 PM, amdx wrote:



Â*Â* Help me, I falling! Another 2.4% and I'll be back to Jan 1 level.


Did your portfolio drop a bit this past week?

I don't know why anyone should complain. The market has been little more
than a giant crap shoot for decades. The value of shares is hardly
traceable to solid earnings, growth in market share, stellar management,
low debt, et cetera. These days, it is speculation, speculation,
speculation, and money churning. We didn't see a serious "correction"
the last few days, but assuredly one is coming...big time. It won't be
pretty.

Thanks, but I'll look to someone else for financial advice.

Its Me wrote:
On Saturday, February 3, 2018 at 9:49:37 AM UTC-5, Keyser Soze wrote:
On 2/2/18 2:16 PM, amdx wrote:



Â*Â* Help me, I falling! Another 2.4% and I'll be back to Jan 1 level.


Did your portfolio drop a bit this past week?

I don't know why anyone should complain. The market has been little more
than a giant crap shoot for decades. The value of shares is hardly
traceable to solid earnings, growth in market share, stellar management,
low debt, et cetera. These days, it is speculation, speculation,
speculation, and money churning. We didn't see a serious "correction"
the last few days, but assuredly one is coming...big time. It won't be
pretty.

Thanks, but I'll look to someone else for financial advice.


Depends. Need bankruptcy advice? Maybe Harry.