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#6556 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2028491
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Active fan of the greatest team in NFL history. |
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Posts: 142,322
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#6557 | |
Veteran
Join Date: Aug 2015
Location: Oak Harbor, WA
Casino cash: $4953400
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Quote:
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Dilly Dilly! ![]() |
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Posts: 2,595
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#6558 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $440477
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Great video here, gonna make my daughter watch .
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Posts: 40,721
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#6559 |
Veteran
Join Date: Dec 2019
Location: Ohio
Casino cash: $630400
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Posts: 1,799
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#6560 |
Banned
Join Date: Jan 2021
Casino cash: $10000400
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I live in a college town. Junkers close to campus rent for $1000-1200 / month. Probably could buy one for 100-120K. Not sure if it's worth it or not. The house would most likely see its fair share of parties, sex and rock and roll.
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Posts: 9
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#6561 | |
Banned
Join Date: Sep 2011
Casino cash: $10005050
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My father-in-law owned 6 rental homes. Good friend owns over a dozen. If you want to learn more about it, Bigger Pockets forum is a great resource. But here’s the quick summary. They make money sloooowly. People rarely calculate their profits from rentals properly. They don’t include depreciation, taxes, utilities, repairs, damage caused by the renter, insurance, mortgage or heloc, applicant costs, credit report costs, credit card transaction fees, vacancies, court fees, attorneys, etc. If you profit $300+ per month on a rental, you’re in the TOP end of landlords. Many people average around $100 to $150 true profit per rental per month. I can think of many other things I’d rather invest $100k into. |
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Posts: 937
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#6562 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2028491
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I bought some after reading about it here, and it's done really well. I have only a very small amount, but it's on my buy list whenever the market has a down day.
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Active fan of the greatest team in NFL history. |
Posts: 142,322
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#6563 | ||
Custom User Title
Join Date: Jan 2007
Casino cash: $656563
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My wife has bugged me for years to look in to getting a rental, I just don’t see it. I look at it more of a volume thing to make money. The only upside is having the assets IMO.
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Posts: 39,260
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#6564 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2028491
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I think the hard part of rentals is that they're a long term game, so you have to have investing capital when you're under 40 to really benefit from them. I wanted to do it at that age, but didn't have the capital.
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Active fan of the greatest team in NFL history. |
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Posts: 142,322
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#6565 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $2028491
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Okay, here's my story of 2020.
My return: 11.7 percent. Family return: 16.4 percent. (My wife beat me handily on investing this year.) Okay, a bunch of you guys will make fun of me for my performance, and probably rightfully so. I underperformed. Let's see what happened. (I'm only looking at my investments here and not my wife's.) Top 10 holdings and 2020 returns (including dividends). These are about 30 percent of my holdings. Cash & Equivalent 0.26% (9 percent of holdings as a safety feature) GOOG 28.12% (Google) AMZN 71.60% (Amazon) MSFT 39.49% (Microsoft) MPW 9.77% (Medical property REIT) TSM 83.21% (Semiconductor manufacturer) TTWO 70.21% (Video game company) FTANX 9.20% (Very conservative investment fund - mostly a safety anchor) TSLA 720.07% (Tesla - yay!) ATCO -18.57% (Shipping line) If you look at my top 10 holdings, it looks like I was in line for a fantastic year. I had six huge winners and only one loser, and the median return was about 35 percent. If you average them with TSLA in there, you get up to a mean return of 101 percent. That, my friends, would be a great year. My top ten full-year performers of the year were as follows. TSLA 720% (Tesla) EDUC 153% (Children's book company) SLP 152% (Pharmaceutical software) EDIT 138% (Gene editing) ALB 104% (Industrial chemicals - big in lithium) TSM 83% (Semiconductor manufacturer) FVE 77% (Senior living) AAPL 77% (Apple) QCOM 73% (Internet 5G player) AMZN 72% (Amazon) Okay, this is still looking good, because 3 of my top 10 performers are in my 10 largest holdings. Three others are also pretty big in my portfolio. This is looking good. I got smart and went on a buying spree this year while prices were down, so I also scored big on a number of stocks that I only held for part of the year. ZM 170.90% (Zoom - videoconferencing) MRNA 170.15% (Moderna - Covid vaccine)) NVAX 82.91% (Novavax - Covid vaccine) CGNX 68.52% (Robotics/automation) WAB 47.53% (Mostly train parts) ENPH 45.18% (Solar stuff) FANUY 35.72% (Robotics/automation) KLAC 29.24% (Infrastructure to Manufacture Semiconductors) SQ 29.21% (Square) ARKK 27.51% (Innovation ETF) So I smoked my mid-year buying spree. Home runs all over the place, and I only had a couple of losers. These are mostly very small holdings that I'm continuing to buy on dips. If you added them all up, though, they'd be my fourth-largest holding. So what happened? Let's look at my biggest losers of the year. CUK -51% (Cruise line) TWO -46% (Real Estate REIT) RMCF -43% (Retail) RCL -40% (Cruise line) BP -40% (Oil) EPR -39% (Real Estate REIT) CLI -38% (Real Estate REIT) RDS.A -37% (Oil) GPMT -37% (Real Estate REIT) BA -36% (Aerospace) And as a bonus, the next two on the list were: COP -35% (Oil) PSX -33% (Oil) I think I see a pattern here. Most of these were mid-sized holdings for me, but PSX was easily a top-ten holding at the beginning of the year. Not any more after those losses. I liked the REITs for dividends and figured they were safe bets, but the pandemic beat them senseless. And I had cruise lines and oil going into 2020 because I figured they'd tend to move in opposite directions and give me stability (in a normal economy). But the covid beat up the cruise lines at the same time that the Russians and OPEC beat up oil. Losses of this magnitude were hard to overcome. So overall, this was a year of volatility. I had some enormous wins and some enormous losses. In the big scheme of things. a 16.4 percent return is good, and even an 11.7 percent return is good. But I rue the missed opportunity to do even better. I'm going to hang onto the cruise lines and the REITs. They'll eventually come back, I think. The oil companies kept their great dividends, which is nice, but I've started selling them down a bit and swallowing big losses. I hate that. I always viewed them as being pretty safe, but not any more.
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Active fan of the greatest team in NFL history. Last edited by Rain Man; 01-02-2021 at 02:18 AM.. |
Posts: 142,322
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#6566 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $440477
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Rainman, you're well diversified and thats how you win. Good job!
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Posts: 40,721
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#6567 |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
Casino cash: $998244
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Can someone explain, in an average CPer level lingo, year end tax strategy on investments?
I keep reading about markets being down at year end due to profit taking or other strategic sell offs and would like to better understand. |
Posts: 34,766
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#6568 | ||
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1024734
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You either need to do it or have the volume to hire a guy. AND People suck. So you need to factor in your tolerance for ****ery. Quote:
If you’re selling enough stock mid-year, and you’re OK with it in terms of your portfolio balance, you can sell your losers and create capital loss to offset your capital gain. I can’t imagine there is enough volume of that to move anything. In grains, short term traders usually get out ahead of holidays and this is a long one so I’d be more inclined to believe that. Also, some mutual funds have set rules on what they can hold in terms of % of value. So if a fund had Tesla stock but only 25% of their value can be Tech stocks then they have to dump some Tesla. I think that’s what’s going on. Don’t take that as gospel but that’s how I understand it. |
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Posts: 57,552
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#6569 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $1481110
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I would take all the dividends from them and do auto reinvest to lower your cost basis.
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
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Posts: 51,583
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#6570 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
Casino cash: $1024734
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Am I understanding that right? |
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Posts: 57,552
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