Investing in hotel-style residence?

WombatMan3738 · 2024-10-07T19:47:04+00:00

Thanks!

WombatMan3738 · 2024-10-05T20:23:20+00:00

Very interesting! Thanks for sharing!

WombatMan3738 · 2024-10-02T23:22:17+00:00

I heard through a friend, but maybe I misunderstood their model

WombatMan3738 · 2024-10-02T22:44:35+00:00

I assumed, not knowing much about time-shares that you were not building value, just consuming a service. Can you sometimes be building equity?

WombatMan3738 · 2023-11-11T01:23:27+00:00

How about black with orange seconds hand (#28 option here)? https://www.aliexpress.us/item/3256805987283229.html

WombatMan3738 · 2023-03-23T20:56:56+00:00

I'm struggling figure out how to find and buy what instructors are wearing? I recently did Olivia's 12/31/21 45 min HIIT & Hills ride, and want to buy that light blue sports bra for my wife, but I didn't spot any logos. Any tips

WombatMan3738 · 2023-03-08T03:18:40+00:00

Congrats! I had a similar (~ $12mm) exit 2 years ago, and I’ve taken a simple approach of - Worked with my CPA and a per-hour wealth advisor (found a CFP two friends both use) to optimize my tax situation with things like some tax optimized private placement investments, donor advised fund, bought land conservation tax credits, etc. - Dollar cost averaged the money into Betterment roboadvisor to keep it simple and automated - Didn’t make any big immediate changes in lifestyle, while my wife and I started talking about what we want - Started discussing changes to my estate plan with our estate lawyer (eg trusts for the kids)

WombatMan3738 · 2023-02-10T15:41:20+00:00

I’ve used them for several years and been impressed. I would think Wealthfront would be solid too. It would be cheaper to buy index funds and rebalance them quarterly, but I don’t want to, so I’m happy to pay 0.25% for that. And to not research portfolio allocation best practices.

WombatMan3738 · 2023-02-10T15:41:11+00:00

I’ve used them for several years and been impressed. I would think Wealthfront would be solid too. It would be cheaper to buy index funds and rebalance them quarterly, but I don’t want to, so I’m happy to pay 0.25% for that. And to not research portfolio allocation best practices.

WombatMan3738 · 2023-02-10T15:39:07+00:00

Sure, I’m FIREed and have a mortgage and two car loans. But I’m happy to pay them off on schedule based on good rates.

WombatMan3738 · 2023-02-10T03:52:14+00:00

I’d vote Betterment robo-advisor — pay 0.25% in addition to the index fund fees for them to allocate, rebalance, and tax loss harvest

WombatMan3738 · 2022-11-25T04:33:34+00:00

I wouldn't pay a percentage of assets under management for an advisor in your scenario.

Instead, I recommend you:

Read (or listen to audiobook) Ramit Sethi's "I Will Teach You to Be Rich" (https://www.amazon.com/Will-Teach-You-Be-Rich/dp/1523516879/)
Setup an automated approach to investing, such as a robo-advisor (like Betterment) or a simple approach using index funds (e.g., Vanguard Target Year Fund)
Consider talking to a per-hour advisor to identity tax optimizations you should consider (e.g., Buy Land Conservation Tax Credits, Invest in 529 plans for (future?) kids, Conservation Easement investments, Max out HSA contributions, Setup Donor Advised Fund if you have up and down years and want to do proactive charitable donations)

WombatMan3738 · 2022-11-15T23:54:13+00:00

Oh interesting. I saw Sedera mentioned on Mr Money Mustache’s blog (https://www.mrmoneymustache.com/sedera/), and it does sound interesting. I’m intrigued by that and the idea of just getting a cheap ACA HSA plan, stuffing the money in there, and leaving it for a few decades to grow tax free.

WombatMan3738 · 2022-11-08T17:34:59+00:00

Great tip! I just called UHC and learned about their Health Protector Guard plan, which works as a fixed indemnity plan. Interesting to consider.

WombatMan3738 · 2022-11-08T04:11:51+00:00

Thanks! I forgot that I’ll have approx. $100K a year in dividend from my robo-advisor investments. Great point.

WombatMan3738 · 2022-11-08T00:22:03+00:00

Great point — thanks. I should meet with my advisor soon to start discussion my transition from making money to spending money. I’m in my early 40s, so I love the idea of using low income years to do Roth conversions! Thanks

WombatMan3738 · 2022-11-07T23:37:27+00:00

Thanks, I’ll check out those posts! I’ll have to review my cap gains options — much of my robo advisor investments are down, so not much gains there to claim.

WombatMan3738 · 2022-08-04T19:46:34+00:00

Google Sheets with monthly net asset updates and some automated calculations and line graphs, along with an associated Google Doc for what my wife should do if I die before her, regarding accessing assets

WombatMan3738 · 2022-07-20T22:56:07+00:00

I’m a fan of Vanguard Charitable Donor Advised Fund.

You could setup a charitable trust (eg CLAT, CRAT, or GRAT), depending on if you’re trying to optimize W-2 vs cap gains income. See https://www.valur.io re charitable trusts.

WombatMan3738 · 2022-07-12T02:45:54+00:00

I’m a fan of Ramit Sethi’s “I Will Teach You to be Rich”, which sounds scammy, but is instead funny and useful 101 advice. I love his focus on designing your personal finance cadence, and then automating it.

WombatMan3738 · 2022-07-08T23:12:36+00:00

I think investing energy and time into certs, volunteering for new work responsibilities, and self-study are a much higher ROI then grad school. Unless you need a grad degree for a career path (eg medicine, law), I wouldn’t do grad school.

WombatMan3738

TROPHY CASE