All Forum Posts by: Tim Phun

Hi Brad,

What rates are you seeing in SD?

Hugo,

CNBC has a show call American Greed. Its filled with stories of people promising such returns. Like the old adage, if its too good to be true, it probably is. If you need any info on SD-IRA, just PM me.

Hope this helps.

Kimberly,

If you want a no-hassle one, US Bank is pretty much free everything. Downside is that everything is slow. Chase is better/faster but you got those fees. I think its about 7500 min deposit or they charge you 15/month maintenance fee. Their wires are 30 out / 15 in. Their NSF is at 35. Hope this helps.

Also,

Kiyosaki always touts about other people's money however most people also miss his point that in leverage plays, to offset the risk of leverage, you have to have control. If you come in with little down, you basically given all the control to your renters and the banksters.

Hi Tinna,

Leverage cuts both ways. As Buffett puts it:

"If you’re smart, you don’t need leverage. If you’re dumb, you have no business using it."

Although he is referring to stock / business investments, that knowledge can be ported over here. You need liquidity in this business or else you'll quickly become insolvent (i.e. game over).

Hi Sean,

You may want to go with a checkbook LLC rather than conventional SD IRA. Transaction fees will suck up a good chunk of your profits.

Ben,

85 Billion a month will buy a lot.

Would anyone know if the title transfer to the LLC constitute the "Due on Sale / Transfer"clause on the bank note?

Thanks in advance

James,

As for the short game, keep in mind that the market can stay irrational longer than anyone can stay solvent. Shorting YEN has been a widow maker since debt/gdp approached 100%. Whats the ratio now? 200% and still no bond crisis. Shorting mathematically doesn't make much sense. Maximum upside 100% but unlimited downside.

Sure you can go through it with options but then again are we investing or are we speculating? As Keynes put it, anticipating the anticipation of others. Sounds like fool's errand if you ask me.

Going to have to agree with Jon here. A business friend of mine balked at ROIs here and stated that in China he can put money in the bank and get 7-8%. Another associate said they can put in a Vietnam bank for 18%. However both did not take into account exchange rate risks and the home country's inflation rate.

Keep in mind that Warren Buffett was offered to borrow money in Japan at 1% for 10 years but did not take it because he wanted the denominator to also be YEN. A person that has compounded 20%+ over 50 years did not take that bet, what makes us think we should?

10% is achievable with risk being controlled however the degree of effort varies greatly. If you have some time, pick companies that have increased their dividend on average of 15% a year. At that rate, a 5% yielder today becomes a 10% yielder in 5 years.