Four months later it was back at the original level. That was a large extended bear trap. To say this cat is a "seasoned veteran" trader since 2017 is laughable.
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Whatever you say, Warren Buffoon
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Yeah tell me about it :-)
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Yeah, dude, he kind of is.

I'm going to be 40 this year. I graduated in 2002. And I certainly paid attention to the .com bubble and 9/11 I wasn't trading anything there. I got out of grad school in 07, and I had a good $5 maybe $6 in the markets when 2008 happened, the impact to the labor market mattered WAY more than my $5 going to $4 or whatever.

Along my timeline (I understand not everybody goes to grad school and you can invest earlier than I did if you've got the money), but in order for anybody to have real money invested in 2008 along my timeline, they have to be what? 10 years older than me? That's 50 and you need to start looking at taking risk off the table.

That's a pretty narrow swath of dudes that have taken bullets with real capital. PLUS, way more shit has happened since 2017 than from 2008 to 2017. And if the recession lasts very long at all you're going to be pushing for dudes going back to the 80s, and those guys aren't around.
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Oh, this is nice. When Signature Bank collapsed, they replaced it on the S&P 500 with BG (Bunge). I have a lot of BG stock, and it spiked up since the ETFs will all need to start buying it. Out of the ashes rises a phoenix.
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LOL nice.

Why do you own Bunge? Just had to get in the grain business?
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Y'know, I've had it for a decade or so, and it's treated me pretty well. I bought it because I liked the dividend and for some reason I have a bias toward raw material stocks. Overall, it's been a pretty decent performer for me and I've been inching up my holdings at the right time these past couple of years.
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I just bought some 5.3 percent CDs at Bird-In-Hand. (I missed the 5.4, dang it.) If you can't trust the Amish, who can you trust?
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Just a heads up. For the high income folks.

Biden Calls for Doubling Capital Gains Tax Rate (LT CG Rates for those earning over $1M)


I don't have a clue whether or not this passes. Most of the motherfuckers that would have to pass this thing....would have exposure.

But nonetheless, the agenda is out there.
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A million in EARNINGS per year? That's a pretty high bar. I wouldn't think that'd even apply to most politicians.
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I bet you’d be surprised.

I’m certainly open to being wrong though. 175K is off the table with salary. Plus you have to have a good bit of wealth to dump whatever career you had before.


These bastards all retire rich, but I don’t know how much income they’re claiming. I do know when Romney ran he’d have had exposure.
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I'm thinking of doing a ROTH conversion in my wife's IRA account. It's roughly $20k so I'd have to pay taxes on it. Still seems worth it right and would I have to pay estimated taxes on that or can I just roll it into next year's taxes?
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I'm no accountant, but I wouldn't see any need to pay estimated taxes unless the conversion would put you out of the withholding safe harbor and cause tax penalties.
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Anybody in here doing anything with real estate syndications and/or private lending?

We put some cash into a syndication deal last year that purchased some very large apartment complexes. We get monthly 10% distributions (cashflow), and we also get a K1 that shows paper losses which offset the income we're generating, so the income we make from the deal is completley tax free.

Separate from that we are now doing private lending deals as well. So we're earning 10%+ interest payments on those deals monthly, and again, the income from these deals is offset by the K1 losses from the syndication, so it's all tax free income as well.

When the syndication closes we would have to recapture the depreciation, but you can do a 1031 exchange into a new syndication just like any other RE deal. This defers the tax, gives us even more K1 paper losses from the new deal, and allows us to continue earning monthly distributions from syndications and private lending deals tax free.

When we die our beneficiaries get a "step up" in basis the same as any property we pass to them outright, so they won't have to pay any of the taxes from all those years we've been deferring.

They could continue where we left off, and keep moving into new deals to continue getting more tax free cash from them, or they could exit and only pay a small tax on the little gain they may have had after the step up in basis.

It's giving us most of the benefits of RE without any of the hassle! I don't have to shop for deals, negotiate, manage properties, service loans, or any of the stuff that comes with RE investing.

The only thing we don't get (because we chose the higher cash flow option) is equity growth on the back end when the deal closes. We just get our initial principal back.

However, we still have active income as well, so we're taking the tax free passive income we're getting from these deals and throwing it all into a ROTH where we're DCAing into index funds (and some individual stocks.)

Of course, that will all be 100% tax free as well, and in theory will give us the growth factor that we aren't getting from the syndication itself.

Again, we could choose to take less cash during the holding period and then get part of the equity growth from the syndication, but I prefer the cashflow right now.

I'm loving it so far, but would appreciate any feedback others might have that are already further down this road than we are.
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20K would likely expose you to an underpayment penalty.

I don’t know what the fee structure looks like, but usually the most cash flow effective thing to do is make an estimate in January. The easiest thing to do is have the rolling company withhold some on the roll.

The simplest thing to do is pay the penalty. I don’t know what that looks like though. The ones the software calculated for me have been pretty little. But I know you’re a cheap ass so I’d probably make an estimate.
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