Author Topic: Savings/investments/bonds Master Thread.  (Read 61909 times)

Offline Euclid

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Re: Savings/investments/bonds Master Thread.
« Reply #720 on: March 21, 2023, 11:52:42 AM »
syndication probably should legally be only for accredited investors

I assume you didn't mean the literal definition of this.

Quote
or a gross income for each of the last two financial years of at least $250,000.
https://en.m.wikipedia.org/wiki/Accredited_investor

A good portion of the frum community would qualify

Offline ExGingi

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Re: Savings/investments/bonds Master Thread.
« Reply #721 on: March 21, 2023, 12:29:37 PM »
I assume you didn't mean the literal definition of this.
https://en.m.wikipedia.org/wiki/Accredited_investor

A good portion of the frum community would qualify

And unfortunately many who do not still put money into these kinds of things. With a good (experienced, proper due diligence and risk management), honest and transparent GP they might be OK. But unfortunately I am aware of people who shouldn't have put money in syndication that got burned (and they might even not be aware how and why things went wrong, thinking it's just bad luck on the deal they got into).
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline whacked1

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Re: Savings/investments/bonds Master Thread.
« Reply #722 on: March 21, 2023, 12:53:08 PM »
What do you mean?
If your losses are greater than your passive income, you arent picking up the loss (with the exclusions of real estate professionals). So if you are an LP and the GP accelerates the depreciation on the property and now you have a large loss on your K1, unless you have other gains which can be offset, you don't really gain. (Disclaimer, you may be able to roll over to the following year, I'm not an accountant and it never applied to me as i file as a re pro). Here is a nice article breaking it down.

https://www.realized1031.com/blog/can-rental-depreciation-offset-ordinary-income#:~:text=The%20IRS%20does%20not%20allow,to%20depreciation%20or%20operating%20expenses.

Offline dm123

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Re: Savings/investments/bonds Master Thread.
« Reply #723 on: March 21, 2023, 08:25:44 PM »
Quote
Somebody comes to your house, you can show them a first-edition Shulchan Aruch. But youíre not going to say, hey, come look at my T-bills.Ē

People really don't show their guests their T-Bill collection? Not at all the impression I got from this thread!  :P



https://www.jta.org/2023/03/21/united-states/inside-the-auction-house-driving-the-rare-book-craze-in-the-orthodox-world


Offline Yakov15

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Re: Savings/investments/bonds Master Thread.
« Reply #724 on: March 21, 2023, 10:49:50 PM »
And unfortunately many who do not still put money into these kinds of things. With a good (experienced, proper due diligence and risk management), honest and transparent GP they might be OK. But unfortunately I am aware of people who shouldn't have put money in syndication that got burned (and they might even not be aware how and why things went wrong, thinking it's just bad luck on the deal they got into).
Lots of people do make good money with RE syndications though. And in general RE is far from the riskiest things out there, even if itís not the best deal or the best GP. The people that got burned were in a standard deal with a normal GP? Iím curious what went completely wrong if you can share.

Offline yomo

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Re: Savings/investments/bonds Master Thread.
« Reply #725 on: March 22, 2023, 12:11:24 AM »
If your losses are greater than your passive income, you arent picking up the loss (with the exclusions of real estate professionals). So if you are an LP and the GP accelerates the depreciation on the property and now you have a large loss on your K1, unless you have other gains which can be offset, you don't really gain. (Disclaimer, you may be able to roll over to the following year, I'm not an accountant and it never applied to me as i file as a re pro). Here is a nice article breaking it down.

https://www.realized1031.com/blog/can-rental-depreciation-offset-ordinary-income#:~:text=The%20IRS%20does%20not%20allow,to%20depreciation%20or%20operating%20expenses.

I file as a real estate professional and don't get to deduct losses from non passive income. Are you sure?

Offline nucheiner

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Re: Savings/investments/bonds Master Thread.
« Reply #726 on: March 22, 2023, 01:07:46 AM »
Lots of people do make good money with RE syndications though. And in general RE is far from the riskiest things out there, even if itís not the best deal or the best GP. The people that got burned were in a standard deal with a normal GP? Iím curious what went completely wrong if you can share.
My understanding is that there was a new kind of player, a "fundraiser" or something like that. This guy just had enough reputation to solicit (stupid) peoples money and pass to an inexperienced GP who otherwise was unable to get investors). So this worked well as long as everything was on a natural up and up and these guys looked smart.

Offline whacked1

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Re: Savings/investments/bonds Master Thread.
« Reply #727 on: March 22, 2023, 11:01:55 AM »
I file as a real estate professional and don't get to deduct losses from non passive income. Are you sure?
Yes, my real estate losses lower my agi from my w2.

Offline Fish Tank

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Re: Savings/investments/bonds Master Thread.
« Reply #728 on: March 22, 2023, 09:41:31 PM »
I file as a real estate professional and don't get to deduct losses from non passive income. Are you sure?
Time for a new accountant   :-X

Offline yaakovely

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Re: Savings/investments/bonds Master Thread.
« Reply #729 on: March 22, 2023, 11:02:55 PM »
Yes, my real estate losses lower my agi from my w2.
I believe it lowers a spouses' income as well if filing jointly. Though, one must qualify as a real estate professional. The IRS has strict guidelines for what qualifies..

Offline whacked1

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Re: Savings/investments/bonds Master Thread.
« Reply #730 on: March 22, 2023, 11:05:36 PM »
I believe it lowers a spouses' income as well if filing jointly. Though, one must qualify as a real estate professional. The IRS has strict guidelines for what qualifies..
Correct on both parts.

Offline CountValentine

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Re: Savings/investments/bonds Master Thread.
« Reply #731 on: March 24, 2023, 08:58:24 AM »
Just bought my first CD. Can someone explain where I find the "open order period" and "trade date"?
ETA: Does the price I receive change?


« Last Edit: March 24, 2023, 09:05:53 AM by CountValentine »
Only on DDF does 24/6 mean 24/5/half/half

Offline sillypainter

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Re: Savings/investments/bonds Master Thread.
« Reply #732 on: March 24, 2023, 12:59:52 PM »
Robinhood Gold now went up to 4.40%APY. Am loving it. You are insured up to 1.5 million FDIC because they partner with 6 banks, giving you 250kinusrance per bank.

Offline CountValentine

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Re: Savings/investments/bonds Master Thread.
« Reply #733 on: March 24, 2023, 01:06:50 PM »
Robinhood Gold now went up to 4.40%APY. Am loving it. You are insured up to 1.5 million FDIC because they partner with 6 banks, giving you 250kinusrance per bank.
Numerous places are over 5%. You don't want to play whac-a-mole?
Only on DDF does 24/6 mean 24/5/half/half

Offline ExGingi

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Re: Savings/investments/bonds Master Thread.
« Reply #734 on: March 24, 2023, 01:22:10 PM »
Robinhood Gold now went up to 4.40%APY. Am loving it. You are insured up to 1.5 million FDIC because they partner with 6 banks, giving you 250kinusrance per bank.

Almost all brokerages have a bank deposit program, where they split the cash between multiple banks.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline sillypainter

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Re: Savings/investments/bonds Master Thread.
« Reply #735 on: March 24, 2023, 01:23:24 PM »
Numerous places are over 5%. You don't want to play whac-a-mole?
I opened with UFB, but i was never able to talk to someone by phone, so I quit. Robinhood sounds the most trustable so far.

Offline lazertek

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Re: Savings/investments/bonds Master Thread.
« Reply #736 on: March 24, 2023, 01:37:16 PM »
Numerous places are over 5%. You don't want to play whac-a-mole?
Current CD rates available through Schwab CD OneSource
See below for a selection of today's rates

Maturity Ranges   Rates up to
1-3 Month CDs   5.25% APY
4-6 Month CDs   5.32% APY
7-9 Month CDs   5.39% APY
10-18 Month CDs   5.35% APY
https://www.schwab.com/certificates-of-deposit
The only difference between a good day and a bad day is your attitude(:

Offline zh cohen

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Re: Savings/investments/bonds Master Thread.
« Reply #737 on: March 24, 2023, 05:11:48 PM »
Robinhood Gold now went up to 4.40%APY.

Don't you have to pay a monthly fee for Robinhood Gold?

Offline ExGingi

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Re: Savings/investments/bonds Master Thread.
« Reply #738 on: March 24, 2023, 05:35:07 PM »
Current CD rates available through Schwab CD OneSource
See below for a selection of today's rates

Maturity Ranges   Rates up to
1-3 Month CDs   5.25% APY
4-6 Month CDs   5.32% APY
7-9 Month CDs   5.39% APY
10-18 Month CDs   5.35% APY
https://www.schwab.com/certificates-of-deposit

I was browsing around earlier this week and bought a CD, thinking that I am buying a 1 month CD, only the next day did I realize that the maturity date was in 2024... Was totally my fault. I played around with various parameters on the search.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline nucheiner

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Re: Savings/investments/bonds Master Thread.
« Reply #739 on: March 26, 2023, 11:52:58 PM »
On Schwab  the CD rates display the coupon rate and the APR rate. Can someone explain how the APR rate is higher than the coupon rate and which rate to use when comparing to Treasury rates ? (Fidelity does not give this data. also seems that different brokerages have have different offerings at times, so worth shopping around.)