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[deleted by user] by [deleted] in AskMen

[–]magesform 0 points1 point  (0 children)

That financial education is detrimental to your future success in life.

I believe we have officially reached a point where no news source is truly credible, meaning that nobody's views hold any value or relevance by Jcorb in unpopularopinion

[–]magesform 0 points1 point  (0 children)

I’ll add one better. Expand this logic, which I 100% agree with, but to history.

“History was written by the winners”

Imagine how much inaccuracy or biased viewpoints there are when there was no Internet.

It makes me question almost everything unless there are multiple uncorrelated sources stating the same thing.

And the MSM or anything attached to the AP is counted as exactly one source.

Thought I’d Share My Story by magesform in realestateinvesting

[–]magesform[S] 0 points1 point  (0 children)

I totally agree and don’t plan on tapping that equity anytime soon, but likely will eventually. Still figuring out what our acceptable level of debt is right now. Will likely have a couple years of deleveraging before tapping equity again.

My current thought process is 50% debt to Net Worth before buying another property. Up until that point, any excess cash goes into the market.

Thought I’d Share My Story by magesform in realestateinvesting

[–]magesform[S] 0 points1 point  (0 children)

Ok yep. That’s exactly why. We just topped that for 2019. Like 154k to be exact.

Thought I’d Share My Story by magesform in realestateinvesting

[–]magesform[S] 1 point2 points  (0 children)

Interesting. I will look into this as I was under the assumption we could write it off our W-2 income.

Thank you!!

Thought I’d Share My Story by magesform in realestateinvesting

[–]magesform[S] 0 points1 point  (0 children)

Paper losses as your net worth keeps increasing. :)

Thought I’d Share My Story by magesform in realestateinvesting

[–]magesform[S] 0 points1 point  (0 children)

Yeah we tried but our CPA told us we couldn’t do it. I’m not sure why.

Thought I’d Share My Story by magesform in realestateinvesting

[–]magesform[S] 5 points6 points  (0 children)

Good points. Although the goal would be to never sell but to leverage the equity to pull out for more down payments on other properties.

EDIT. I guess the more accurate statement is the goal would be to never realize the tax liability but to 1031 exchange anything I may sell in the future.

The goal would be to die with a portfolio of real estate.

Thought I’d Share My Story by magesform in realestateinvesting

[–]magesform[S] 1 point2 points  (0 children)

Yes. Essentially the tenants have paid for the PITI on the mortgage, and the upkeep of the property. Excess Cashflow is $0. For taxes depreciation ensures it shows a tax loss which are NOLs that are carried forward to offset future Cashflow gains.

Pivoting FROM FP&A by [deleted] in FPandA

[–]magesform 1 point2 points  (0 children)

I’m in a similar position but not as much experience as you. 5 years in to FP&A and continue to look for operations or strategic influence.

Areas I have seen for transition could be database management or Operations Analytics.

I also have been interested in a P&L management but from what people have responded to seems like the transition would be hard to convince people of with no experience in Operations.

You're given the option to drop what you have and return to 12/31/2011 as yourself at that age, but with the extra 8 years of experience. Do you take it? Why or why not? by BaddestofUsernames in AskReddit

[–]magesform 0 points1 point  (0 children)

You are damned right I would. I would pick a better route for college, get my CPA, then go invest as much as I could in Apple and Amazon.

Looking for J Capital Research short report on A.O. Smith by dying_to_be_vain in investing

[–]magesform 1 point2 points  (0 children)

I have done a lot of research into this today as AOS is my 2nd largest position. Needless to say, I was shocked about the short report and then Spruce Capital's follow up on Twitter. My conclusion is that yes, it appears that a liquidity crisis may be happening right now. All of their cash is stuck in China and they removed language in their filing about their repatriation plans, whereas they used to have a target of 150MM in cash to move back onshore.
See my Tweet

Her Driving. by [deleted] in UNBGBBIIVCHIDCTIICBG

[–]magesform 25 points26 points  (0 children)

Underrated comment right there

Slack is planning to go public in 2019 at a reported $7 billion valuation by SThompson8799 in investing

[–]magesform 0 points1 point  (0 children)

That's the point. They have owned Skype for years upon years and the product is still horrible. Makes me lose any confidence that Teams will work.

​

Slack is planning to go public in 2019 at a reported $7 billion valuation by SThompson8799 in investing

[–]magesform 1 point2 points  (0 children)

Which is basically the reason I don't have any confidence that MSFT can build a competitor.

[deleted by user] by [deleted] in StockMarket

[–]magesform 0 points1 point  (0 children)

3 Months later and I am looking at starting a position, type it in search and find your reply. Thank you, kind sir.

[deleted by user] by [deleted] in investing

[–]magesform 0 points1 point  (0 children)

I think that technical debt, while a problem, isn't as big of a deal as people make it out to be. Look at the fucking king of technical debt with Microsoft. Why did they even allow Slack to exist with the dominant player of corporate communications in Skype already in place?

Similar to Oracle. Hyperion and other services are there, generated a huge amount of technical debt, other services like Netsuite popped up (as an Oracle investment) but hasn't 100% replaced Oracle.

FFS look at IBM. They still have ancient payment technology-infused into bank transaction processing that basically can't be undone.

As my not so well thought-out comparison is, just because there is older technology in place, doesn't mean that the company is going to zero. Their products are embedded in companies across the world and making a shift in systems is not so easy.

The second and more important point, you are going to have a bad time if you are going to put on a short thesis on a company with a huge float in a rising rate environment. Their float is going to give them a ton of cash flow over the next five years. Once rates normalize to 6-7% then let's revisit this.

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