All Forum Posts by: Kon Zel

Really depends on where you're located and who you use as a contractor.  Just so happens I had to rebuild a chimney on my last house.  Had quotes that varied by 1000%.  So shop around. 

Generally I use 50bps (0.005) of purchase price as a general rule of thumb for annual premium.  I've had a lot of policies come in cheaper and a few a little above that.

Alina - That's exactly what I said in the bottom of that post.  Only the income generated from the business is eligible to placed in the Solo 401K.

 Matt - what agenda am I pushing?  You stated that REITs didn't fluctuate much, a very subjective measure.  So yes you presented an option, even though the question asked was about something else.  

If I ask for recommendation on fruits and someone chimes in that potatoes are great.  Yes, they presented an option, but it doesn't answer the original question.

I'm not peddling my expertise just relying on it to answer the intended question.

Syndicated bank loans != syndication.  I do this for a living and am very versed in fixed income products.  If people are looking for short term holdings, capital preservation is #1 priority.  Meaning instruments that will not lose value.  You literally can not get more risk-free than UST.  

At work, we define short term as anything having a final maturity of less than 12 months from settlement.  Meaning that CP, T-bills, repos, etc.  Anything that doesn't fit in that bucket, is a long term holding.  

Before getting defensive, learn the terminology and market. 

I use Cozy, they partner with a site (I believe an Experian offshoot) to run background and credit checks.

Where do you own in NJ?

I really am curious what value people are seeing in AC. The city has been in a death spiral for years.  Some of the resorts have invested some money lately, but net net the city is losing $ and people faster than they're coming in.

I'd really love to hear someone's thesis on this investment.

 To say that REITs are liquid and price doesn't fluctuate is a joke.  They trade based on their NAV which can move with real estate prices and/or rates.  As an investment, they're a good arrow in your quiver but its an investment, not a cash holding.  There is definitely risk associated with holding them.

Not to pick on you Matt, but this is one of my biggest pet peeves.  People ask for short term holding (cash) recommendations and people chime in with syndicated loan funds, REITs, etc.  Literally anything else but actual cash holdings.  Yeah, we're in a benign credit environment and defaults are near historic lows.  Doesn't mean its time to treat investments that may lose value as cash.  

 Unless its digital, then it's just always off...