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02-27-2021, 12:04 PM

#711

DeltaboundRedux

Gets Weekends Off

Joined APC: Nov 2020

Position: Enoch Powell Enthusiast

Posts: 2,124

Quote:

Originally Posted by Trip7

I know SPACs have been all the rave in this thread but just a fair warning on the dangers of speculative investing. I believe WKHS was talked about openly on here and I think one poster even said they toured the factory. Turns out they didn't get the USPS contract and the stock was taken to the woodshed.

Looks like a permanent loss of capital for investors and even deeper wound if leverage was used. Be careful out there folks. Stocks rapidly rising without fundamentals to justify the rise will eventually meet gravity, and the fall will be even swifter than the climb!

Sent from my SM-N986U using Tapatalk

For a good primer on SPACs, and why they're probably a very, very bad idea, head on over to Matt Tiabbi's substack and read this.

https://taibbi.substack.com/p/financ...ictionary-spac

02-27-2021, 04:32 PM

#712

JamesBond

Gets Weekends Off

Joined APC: May 2015

Position: A350 Both

Posts: 7,292

Quote:

Originally Posted by Gunfighter

There had been some discouragement of active or riskier trades in retirement accounts earlier in the thread. My point was that trading actively in a retirement account can be part of a broader strategy. There are tax advantages of creating STCG in retirement accounts while holding assets for LTCG in taxable accounts. If done in reverse order the same investments create higher taxes.

That's too complex for my taste. My retirement money is my 'safe' money. I let 'er rip in my taxable accounts. I doubled one of them last year and the taxes are gonna be monstrous. It's a first world problem. I get what you are saying, but that's too much work for me, and limits what I can do in the taxable accounts too much. I don't want to hold onto that much. I am 90% cash right now and I'm selling the hell out of puts on it. Now, when Xiden installs his taxation wet dream, my strategy will change completely.

Great discussion!

02-27-2021, 06:18 PM

#713

Xjtpilot518

Line Holder

Joined APC: Jul 2018

Posts: 78

Anyone have any experience with cash value life insurance or universal life insurance? Would love to hear opinions on it

02-27-2021, 10:20 PM

#714

FSF17

Furlough Fodder

Joined APC: Aug 2013

Position: 320A

Posts: 117

Quote:

Originally Posted by DeltaboundRedux

For a good primer on SPACs, and why they're probably a very, very bad idea, head on over to Matt Tiabbi's substack and read this.

https://taibbi.substack.com/p/financ...ictionary-spac

Buy SPACs at or near NAV and there’s very little risk. Buy a SPAC at 5x NAV, and it’s probably a bad idea.

Show me a SPAC with a good team for ~$10.50 per unit, and I’m in.

03-03-2021, 03:57 PM

#715

thrust

Gets Weekends Off

Joined APC: Oct 2010

Posts: 1,122

Sort of related for the astute side hustlers on this thread...

Any strategies to reduce/mitigate/eliminate the ridiculous 6% combined agent fee on real estate transactions? Curious what others are doing...

03-03-2021, 07:48 PM

#716

Jiggawatt

Gets Weekends Off

Joined APC: Jul 2017

Posts: 106

Quote:

Originally Posted by thrust

For both of our last two home sales, both within the last 4 years and in different states, we asked for 5% and our agents agreed without any quibbling. They were confident buying agents would be okay with 2.5, and they were right. Some states have certain rules about how this works, I think.

I’m pretty sure I could have played hardball and gotten 4.5% or maybe even 4, but I didn’t have the energy or desire. Either way, I’m confident that an agent adds value (and takes a big load off your plate) so I don’t mind paying for that service. Or maybe I’m just rationalizing because I’m too lazy to FSBO a house.

03-03-2021, 07:54 PM

#717

cashewchop

Line Holder

Joined APC: Mar 2019

Posts: 99

Fsbo, make it clear you will only offer x amount/% to buyers agent...... It's a seller's marketBuyers agent won't want your fsbo paperwork and will most likely just draw up all paperwork on their agency forms anyways......

03-04-2021, 05:01 AM

#718

mispoken

Gets Weekends Off

Joined APC: Feb 2011

Posts: 760

I’ve used the legal services plan in 3 RE transactions in the last 18 months. Cost me $11/mo (I think). Also did a will, trust, POA etc.

03-04-2021, 05:04 AM

#719

123494

Banned

Joined APC: Jul 2017

Posts: 894

I am getting ready to sell an inherited house in NJ. It seems like a seller's market now and there are not many homes for sale in the area. Those that sell, do so quickly.

Would it be better to till the Spring/Summer to sell? Or does it really matter when it goes on the market anymore?