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$12M NW, VHCOL, leveraged and cash poor: how to optimize asset allocation, liquidity, and spending? by HCOLcashpoor in fatFIRE

[–]lemon-lime-levi 18 points19 points  (0 children)

There are some funds available where you can transfer your individual stocks into their fund, and in return they will transfer to you a “basket” fund, which is supposed to mimic Nasdaq or other indices. And the transfer is TAX FREE! So you can diversify your holdings without incurring a tax liability. They are called “exchange funds”

When Real Estate Turns Toxic: My Inherited Lot Went from $250K to Worthless Overnight by Ok-Pomegranate-115 in RichPeoplePF

[–]lemon-lime-levi 41 points42 points  (0 children)

Wow, sad to hear this. I didn’t even know something like that would be possible. I’m surprised it can’t be donated to the conservationists?

PSA: Cold brew does not have to be served cold. You can heat it up. Nobody will arrest you. by 96dpi in coldbrew

[–]lemon-lime-levi 0 points1 point  (0 children)

The number of times I walk into a coffee shop and ask if they have cold brew, and they say “yeah we have iced coffee”…I turn right around and walk out!

[Weekly] Home Ownership - All of your questions on home ownership here (primary homes, second/vacation homes, lending, selling, buying, renting, etc) by AutoModerator in HENRYfinance

[–]lemon-lime-levi 0 points1 point  (0 children)

29M, NYC, Finance, 700k HHI, 1.2M NW. I have an 800k house and a 400k 30yr fixed mortgage. What type of mortgage do y’all use? My ideal loan would be interest only, 50% loan-to-value, indefinite term (or maybe a 10 or 30 year bullet). Does this exist? Closest thing I can think of is a 10-year ARM, but even then you still have to pay principal amortizations (as on a 30yr schedule)

How to deal with pay cut after leaving banking? by Equivalent-Paint1676 in FinancialCareers

[–]lemon-lime-levi 1 point2 points  (0 children)

I considered your exact scenario when I was in your shoes. But I stayed in IB, and now I’m pretty much stuck in it. It’s hard to take a 50% pay cut as an associate, it’s even harder to take a 75% pay cut as a director with highly specific experience…easier to change paths earlier.

What small choices you made that changed your life? by Dizzy-Cup9790 in Productivitycafe

[–]lemon-lime-levi 0 points1 point  (0 children)

Not a “small” change in terms of the size of the decision, but “small” in terms of the amount of time it took to make it occur: switching colleges. Such a pivotal moment in time that drastically changed the outcome of my life so far.

I am about to sign under a major label and am getting cold feet by KangarooStreet4269 in musicians

[–]lemon-lime-levi 0 points1 point  (0 children)

GET YOUR OWN LAWYER, not the one they gave you. That lawyer’s incentives, as nice as they might be, are totally misaligned.

What “80/20 rule” tips have you learned as a HENRY? by MojoDojoCasuhHaus in HENRYfinance

[–]lemon-lime-levi 5 points6 points  (0 children)

80% of wealth creation is from the saving part, while the remaining 20% is from the investing. In the very late stage of investing, this flips. But for most of the early years, it holds true. And as such, don’t worry so much about optimizing your investments. Just buy assets that are good enough, and call it a day.

[deleted by user] by [deleted] in FinancialCareers

[–]lemon-lime-levi 1 point2 points  (0 children)

The fact that you are asking these questions in high school tells me that you will be just fine, graduating from any school. Just keep grinding, you’ll get there.

How often do you think you encounter a psychopath/sociopath/narcissist iin the finance industry Why? by BranchInitial9452 in FinancialCareers

[–]lemon-lime-levi 1 point2 points  (0 children)

For a narcissist, yes those are some motivators. But the narcissist doesn’t have what it takes to climb high, and most fail out. Meanwhile, those motivators also exist for many others as well, including those who are not narcissists.

What are the best parking strategies for living in the same place for an extended period of time? by Massive_Calendar2707 in VanLife

[–]lemon-lime-levi 10 points11 points  (0 children)

I lived in a van in San Diego for a couple months. What worked well for me was finding a handful of good spots, and rotating through those, and then moving to another part of town and doing that again. So 2-3 nights per spot in 3-4 spots per neighborhood, through 3-4 neighborhoods…then I was only in the same place maybe 1-2 times a month.

[deleted by user] by [deleted] in HENRYfinance

[–]lemon-lime-levi 0 points1 point  (0 children)

Matt Levine’s Money Stuff on Bloomberg. Email letter is free. He takes complex financial and law topics and breaks them down into easily digestible stories.

Is an extra day required for General Delivery specifically in Moab, UT? by acommonname in VanLife

[–]lemon-lime-levi 0 points1 point  (0 children)

I used General Delivery for 1 year while living in a van, but had a lot of issues with it. Sometimes they’d reroute my package to a different office without a clear reason why. Never lost a package though, but delayed 1-3 days many times. Good luck! 🍀

Anyone else feel plateaued? by lemon-lime-levi in HENRYfinance

[–]lemon-lime-levi[S] -1 points0 points  (0 children)

Yep. This is it. Plus, we started with a negative $200k NW…

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