Money is a precious resource that must not be wasted. It isn't easy to collect those dollars, so they should be saved, invested, and spent with maximum efficiency and thoughtfulness. Between investing and spending comes withdrawals. Since most of us have money tied up in multiple accounts, it makes sense to take money out strategically so your tax bill is minimized.UPDATE: … [Read more...] about Money Withdrawal Strategies (Keeping The Tax Man Away)
Investing
Juggernauts, Jargonauts, And Jabberwock -or- How I Got Rich With Big Tech
A reader sent me this email recently:Dude, your net worth has gone up crazy high in a short amount of time. Are you making this stuff up?Nope, it's all true.Big Tech Tantrums2020 has been a hell of a year for the portfolio. We're up about $600,000. and last Thursday, our net worth touched $3,000,000 for the first time.Coincidentally, I was listening to the … [Read more...] about Juggernauts, Jargonauts, And Jabberwock -or- How I Got Rich With Big Tech
A New Mortgage With A Side Of Lucky Market Timing
Back in September, Mindy and I bought another home to live-in flip. Getting a good deal meant that we'd have to pay cash and close quickly. Here was our plan to come up with $350,000+ and what we'd do after:September 2019: Sell $100,000 in stocks, borrow $200,000 from our HELOC, sell the Acura NSX ($45,000) and use cash savings to fund the home purchase.January 2020: … [Read more...] about A New Mortgage With A Side Of Lucky Market Timing
What We’re Doing With Money
First, let's talk numbers. They're not terrible.February 19: Our net-worth hit an all-time high of $2,585,214.March 16: Less than a month later, it was down to $2,280,151, a paper loss of $305,063.March 30: It has since recovered to $2,353,069, down $232,145 from that all-time high.If we were pure index investors, our numbers would be worse. The S&P 500 is down … [Read more...] about What We’re Doing With Money
The Virus and Mr. Market’s Temporary Hiatus
Most things that are worthwhile are a struggle.If you want to become great at an instrument, you're going to have to practice a lot. Yo-Yo Ma, the cello supervirtuoso, practices about 2,000 hours per year.If you want to become a great athlete, you're going to have to put in lots of time training and take care of your body. Hello, broccoli!If you want to become a … [Read more...] about The Virus and Mr. Market’s Temporary Hiatus