All Forum Posts by: Joshua Weaver

@Mike Buckley

If you have Lawyer already go through that person. Personally, in any of our businesses we learned a long time ago if a lawyer is involved or threatened it is immediately turned over to our lawyer and we stop worrying about it. This is why we keep ours on retainer at all times. I go so far as to give any of my clients my Lawyers business card any time they say “I’m going to sue you.” I then go home and don’t think about it again.

@Renay Reese

Texas statute 30.06 allows a business or employer to ban firearms on their property. That being said I always carry concealed and encourage my employees to do the same if they are comfortable.

We are definitely in a unique market post Harvey, Port Deepening, and new LNG plant permits being issued.  There is going to be a lot of opportunity in our area for years to come.  A meetup of local investors would make a lot of sense.  I would certainly attend.

Dimitri, call your Vanguard rep and have him/her explain the rules for Roth IRA distributions. Your assumptions are only partially correct. I am a Finacial Advisor in my 9-5 but refrain from giving investment advice on BP but, seriously talk to your Financial Advisor at Vanguard. There are limits.

Chris,  When you say “fees”  i’m assuming you mean taxes and if you are under 59 1/2 the 10% IRS penalty.  Depending on your tax bracket you probably need to check with a local account to see how this will affect your tax liability for the year.  If 50k throws you into another tax bracket you may see most of that money going to Uncle Sam.  Just a thought.

@Rachel Luoto

Anyone can sue for anything. In my experience anyone who tells you they are going to sue don’t. Just trying to scare you. When I’m told this I always say. “See you in court I’ll be the only one in room who can afford to be there.”

Be VERY careful when investing in REITs  either Publicly Traded or Primary offerings.  There are reasons why RIETs only allow very few non-accredited investors to participate. One of the reasons is the ill-liquidity of the investment especially, on the Primary offering side.  My advice is to find a Financial Advisor in your local area to talk to about this form of investing. 

Remember, when speaking to an Advisor they get paid by what you invest in but they have to give you a Prospectus of the offering which allows you to do your own due diligence. Two things you need to ask about is the percentage of leverage the REIT utilizes and what other successful offerings the company has produced in the past. In a Primary offering; how many of the companies offerings have successfully gone public and what was the time horizon for each?

Please, realize I am not giving Investment Advice regarding any specific Security or Securities.  I just want you to fully understand what you are getting into and finding professional guidance is a prudent way to go.

"Everything you read on the internet is true."

-Abraham Lincoln

 We are in Beaumont and have had luck with Facebook Marketplace.