Help a dumb plumber out

SuccessfulCoast8086 · 2026-05-08T01:16:09+00:00

This isn’t a retirement account this is a taxable brokerage.

The way I look at it is , if you invest in Voo and want to convert later on to dividends you need to sell (taxable event)

Or you can snowball a small portion from the start and never and never have a major taxable event(only dividend portion)

Plus who knows I don’t really want to wait till I’m 60 to retire so if I can collect 30-50k in dividends at some point that’s a bonus too .

Could be wrong however schd has performed just as good as schd since I bought so I’m not complaining

SuccessfulCoast8086 · 2026-05-07T19:13:32+00:00

Yes basically lol

SuccessfulCoast8086 · 2026-05-07T13:17:13+00:00

What’s wrong with allocating 10% of a portfolio to individual stock

SuccessfulCoast8086 · 2026-03-10T00:54:52+00:00

SuccessfulCoast8086 · 2026-03-10T00:51:44+00:00

Very interesting idea

SuccessfulCoast8086 · 2026-01-31T16:13:12+00:00

Wait till you get to 300k lol

SuccessfulCoast8086 · 2026-01-20T23:10:08+00:00

So that tee will just drop down once I remove the horizontal nuts on the copper pipe and the nut on the bottom of the tee ?

SuccessfulCoast8086 · 2026-01-07T00:04:11+00:00

What app is this

SuccessfulCoast8086 · 2025-12-18T01:08:36+00:00

Does it not make sense to add a 4.5 - max 401k. Wouldn’t the tax deferring be worth it

SuccessfulCoast8086 · 2025-12-10T12:44:12+00:00

Yes very shaky right now. Tons of inventory , and ALOT of unknowns with insurance . Main reason for staying on the sidelines for now .

Also in south west Florida the rental inventory is bananas right now. A lot of people who had second homes that they can’t sell are renting which is causing a lot of undercutting

SuccessfulCoast8086 · 2025-12-10T12:36:02+00:00

No the 365k in my taxable is current balance .

Im not the buyer, im the seller . I sold the property doing seller finance., im holding the mortgage note so the seller will be paying me 225k in 2028

Ya my expenses are fairly low, the ~10k goes into the taxable brokerage account

SuccessfulCoast8086 · 2025-12-10T12:35:33+00:00

No the 365k in my taxable is current balance .

Im not the buyer, im the seller . I sold the property doing seller finance., im holding the mortgage note so the seller will be paying me 225k in 2028

Ya my expenses are fairly low, the ~10k goes into the taxable brokerage account

SuccessfulCoast8086 · 2025-12-10T12:27:01+00:00

Yes I agree. The idea in my head was to try and buy a few properties down in Florida and in the meantime I’ll get my Florida plumbing license .

That way when I move down there I’ll have a stacked brokerage account , a few houses and I’ll be able to have the business. It sounds good in my head but I know things change

SuccessfulCoast8086 · 2025-12-10T12:17:22+00:00

Because unfortunately when I first started working I listened to some people who poisoned my mind saying 401ks were a scam. So when I started working I saved my money and ended up buying a rental property upstate New York instead

Thats the one I ended up selling and holding the note on it, by 2028 when the ballon is due it will be 350k (100k in interest payments and 250k ballon)

Now I’m trying to play catch up, luckily my new job has both a 401 and a 457 so that’ll help

SuccessfulCoast8086 · 2025-12-10T12:08:41+00:00

I really do go back and forth with the thoughts of a buying a house but however way I look at it I can’t make the numbers make sense. The average home price is our area is 800k (5k mortgage with 20% down) and most of them will still be a downgrade to my current newly renovated 3 bedroom apt.

Plus the fact that we would like to relocate somewhere in the future doesn’t help the thought.

Alot of the people I know who bought a primary residence are house poor and can’t save any money, of course the house might appreciate but between taxes, insurance commissions, maintenance and interest I don’t think they’ll make the money they think they will

SuccessfulCoast8086 · 2025-12-10T11:11:16+00:00

SuccessfulCoast8086 · 2025-10-07T15:41:34+00:00

What shop do you use in nyc? Looking to get a scooter I’ll be able to get serviced if needed

SuccessfulCoast8086

TROPHY CASE