All Forum Posts by: Tom Makinen

They can open it up and it still won't help Vegas given their economy is mostly tourism base.  People are not going to fly much, especially for entertainment.  You can give people their $20/hr job back.  That's great and all until they get sick and they overwhelm your hospitals and medical system.  Stop thinking selfishly, the sooner we find the carriers and isolate them, get our medical supplies in order, learn proper techniques on how to avoid getting sick, the sooner we go back to normal.

You are a brave person to be asking for a payraise in this climate.  Good luck with your WFH search right now, I hope you process some special skills that people have to have you.  I don't know if you get the same amount of equity (not just cash comp) will match the companies here.  That's where the real money is.  

I bought a condo in 2007, it was half built. Then 2008 happened and the other half never finished and we were left with HOA fees that were doubled when all was set and done. If you can get out for 10K or something, I would.

 90 properties and not a single income?  That's pretty bad luck

You think they are ruining the economy, printing money because they want to take away your rights?  They are doing this because they have no choice.  They listened to China and avoided to do anything to ruin the economy when they had a chance to stop it.  They only did it because they couldn't cover it up anymore.  My 7 years old can understand why there is a shelter in place, some of you full grown adult can't even understand it?   

Bringing this back up since AUD dropped further to .55.  It's like everyone is at 40% off!  Anyway Sydney is still out of question, but Melbourne and Adelaide might be two places that are attraction given the price.  It is still a risky and crazy bet given how terrible their economy is, but it's fun to diversify right.  I think to get around the foreigner restriction, it would have to be a brand new unit.  

@Blake Edwards  The loan is tax free now, the interest you pay is tax free.  You only pay taxes when you take distribution when you are above certain age (I think it is 59?), which in theory you should be making less money than you do now.  You have no restriction on how you can use the money.  If you have a 100K+ balance, you can borrow 50K from it and buy whatever you want.  The earnings you get from the 50K investment is taxable income.  

Self directed IRA should be separate from yourself. If you use it to buy a property, you better not get caught changing a light bulb on it.

The only risk with the loan is that if you leave your job, you have to pay it back in full else it becomes taxable income.  Very few company allow you to keep the loan.  My company didn't, my wife's did.

Liquid metal.  I have a few thousand dollars worth of it taking up space in my safe, can never sell it at spot.  Liquid my $&@

@Blake Edwards. Self directed ira=yes you can only put it back into the ira, you must keep distance from the investment. 

401k loan= you can do whatever you want with the proceeds

The ytd stock number is a little deceiving due to the big drop at q4-18.

at the end of the day, diversification is key.  You can start with the 401k, pull a loan out of it to secure a property.  The tax saving is too good to pass up for people making over median income.  If you are conservative, you can always get a dividend paying stock and take your 1-3% every quarter.