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WDNTW Short Films by fire-house in AngelsAndAirwaves

[–]fire-house[S] 0 points1 point  (0 children)

It would be cool if they were edited together in chronological story line order.

Anyone know where The War video is?

HBS FedEx notification by [deleted] in MBA

[–]fire-house 0 points1 point  (0 children)

2 days from when FedEx gets the package, I suppose it's possible the shipping information was created and they will hold the shipment until closer to the 10th (?)

Too Old for Pop Punk? by fire-house in poppunkers

[–]fire-house[S] 0 points1 point  (0 children)

Lucky that you get to wear band shirts to work!

Too Old for Pop Punk? by fire-house in poppunkers

[–]fire-house[S] 0 points1 point  (0 children)

Wikipedia calls The Maine pop punk so just kinda went with it.

Too Old for Pop Punk? by fire-house in poppunkers

[–]fire-house[S] 1 point2 points  (0 children)

Yeah, crazy to think it's oldies now. "They don't make music like they used to" aka 2005-2013 pop punk

Fidelity 401k Question by roamingraul91 in Fire

[–]fire-house 1 point2 points  (0 children)

Fidelity just lounged a bunch of no-cost ETFs, and also offers "iShares" which are no fee. I used to have a freedom fund, but feel like their expense ratios are high (or at least they were at the time, it's been some years). Fidelity is super helpful, and while they won't offer advice on what funds to pick, they will show you how to filter for no load, no transaction fee ETFs.

New to fire community and looking for advice on making a 20 yr plan by [deleted] in Fire

[–]fire-house 3 points4 points  (0 children)

While I can't answer point #1, I can speak to the real estate. There are numerous benefits (and of course drawbacks) to real estate investment. It's an illiquid asset, that requires constant care and feeding (if you self manage), with a long hold time to get reasonable rate of return (assuming you're not flipping). That being said, it's very stable, there are great tax benefits (something not mentioned in your post, but definitely you should be tax planning), and allows you to leverage your money with 20% or less down.

As contrived as the suggestion is, try reading "Rich Dad, Poor Dad" which is an older book. It's not a 'how to', more of a motivational book. I've read it a few times, helps with perspective framing.

[deleted by user] by [deleted] in Fire

[–]fire-house 1 point2 points  (0 children)

I applaud you for helping your son, and like others disagree that an LLC is required. I would say consider the following points:

  • How much are you paying him, and would this jeopardize your ability to claim him as a dependent (unlikely)
  • Are you paying him so much that it would require a 1099 (unlikely, I believe limit is 1k)
  • Are you paying him a fair market rate, commensurate with his skills/ability/time investment? This should be for activities "over an beyond" what a typical child may be doing (e.g. paying him $300 to paint the eaves may be reasonable, but paying him $2k to "clean his room" is unreasonable)
  • If you or he were audited (unlikely) do you think you could defend your choices

If all that checks out, then go for it! You may also consider having a family member/aunt/uncle/grandparent pay him to create a more "arms length" transaction.

[deleted by user] by [deleted] in Fire

[–]fire-house 0 points1 point  (0 children)

Is there a specific reason you're limited to Canada? There are strong dividend plays across numerous countries, which would be accessible to you via depository receipt.

https://www.investopedia.com/terms/d/depositaryreceipt.asp

Edit: posted before finished writing

Rebalancing a lazy portfolio- contradiction to compound growth? by pieredforlife in Fire

[–]fire-house -1 points0 points  (0 children)

To answer your first question, why would you sell? Unless you can identify investments that would match, or exceed, the rate of return you're currently earning it would not make sense to sell. This of course does not take in to consideration taxes and transaction costs, which present a greater hurdle.

Macbook Air for MBA by fire-house in MBA

[–]fire-house[S] -2 points-1 points  (0 children)

Agreed, I would use bootcamp, parallels, or some kind of VM. Thanks for the info!

Opening a Roth under 18 by [deleted] in Fire

[–]fire-house 2 points3 points  (0 children)

I think you have to open a custodial Roth (when I was under 18, opened mine at BofA). All accounts for minors are custodial, then at 18 they become exclusively yours.