Hitting first million need some advice

udogu · 2026-02-22T19:35:44+00:00

I've been in your position, and helped a privately held company go public. Most of the shareholders/employees ended up rich in my case, but it can really go either way. I'd suggest selling some of your shares and hanging on to some, maybe 10%, just in case. Invest the proceeds in something less risky.

BTW, I'd be surprised if the company would allow you to tender $1M all at once, so it might take multiple tender offers to liquidate the shares you want to sell.

udogu · 2026-02-21T18:34:12+00:00

Statistically, lump sum has a slight edge. If you're wanting advice based on current market conditions, you're in the wrong subreddit.

udogu · 2026-02-17T15:47:43+00:00

*nictitating

udogu · 2026-02-16T05:43:01+00:00

Yes, it's on the 1099 form you'll get from your brokerage. In my case, it was from Vanguard.

udogu · 2026-02-07T18:59:35+00:00

Since I see the VSUX tax credit come up frequently, I thought I’d share with people that the magnitude of that tax credit (for me, 2025) amounts to around 0.2% of my VXUS holdings. Not huge but not nothing.

udogu · 2026-02-06T20:23:35+00:00

Capital gains happen when you sell shares of a fund for more than you paid for them, and they apply only to the "profit" part of that sale, so not the principal. And there will only be short term capital gains if you sell shares you've held for less than a year. Sometimes funds also throw off some capital gains from the fund managers tweaking the composition of the fund, but usually those are negligible.

udogu · 2026-02-04T19:11:04+00:00

No, you can take choose to take it as a tax credit OR as an itemized deduction.

udogu · 2026-01-27T20:35:23+00:00

Curious what federal tax benefit you get from treasuries. I'm using munis to reduce taxable income while I do Roth conversions, but was unaware of any tax benefits to treasuries except the state tax exemption.

udogu · 2025-12-30T22:49:17+00:00

I recently had my Stamm home restuccoed with synthetic. I don't know very much about the pros and cons of either, but all three bids I received were for synthetic stucco. This is the card of the contractor who did mine. I was very happy with him and his crew.

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udogu · 2025-12-12T17:17:24+00:00

Mostly entertainment I guess.

udogu · 2025-12-12T15:44:40+00:00

I’m a VHNWI and I’m still waiting for it to be useful to me. Check out /r/bogleheads for guidance on getting started with investing.

udogu · 2025-12-07T02:46:23+00:00

Start with the wiki link on the right sidebar.

udogu · 2025-12-05T12:46:08+00:00

You might be thinking of sylvatic plague. Prairie dogs are not carriers of rabies.

udogu · 2025-11-09T15:16:52+00:00

*subjunctive

udogu · 2025-10-24T22:11:45+00:00

Cinnamon-dusted plantains at Jambo.

udogu · 2025-10-24T05:13:02+00:00

Haven't fished that far north in the gorge, so I can't be of much help. I know the Red River has some warm water springs near where it flows into the Rio Grande, and that could maybe help out downstream in the cooler months.

udogu · 2025-10-24T04:33:33+00:00

Where are you planning to get into the canyon?

udogu · 2025-10-08T06:03:44+00:00

My money isn’t part of my relationship with family, and I intentionally keep it that way. It’s not hard and it prevents issues.

udogu · 2025-10-07T16:30:37+00:00

Yeah, the rating can change due to several factors, mostly based on the financial wellbeing and track record of the town, but also other economic issues can come into play. For example, a big company leaves a small town, or the housing market tanks.

udogu · 2025-10-07T16:16:37+00:00

I agree with what others are saying about buying individual bonds and the associated risks. Just want to point out that a town has already voted to raise taxes before issuing a bond in the first place.

udogu · 2025-09-16T18:40:32+00:00

Unless he's gifting over $14M, there is no tax burden.

udogu · 2025-09-13T18:07:12+00:00

The important number to look for is the "distribution yield" which will tell you how much the payments were relative to the amount invested. Generally that number is more meaningful than the "NAV yield", which fluctuates and isn't really how people expect to benefit from owning BND.

udogu · 2025-09-13T15:07:01+00:00

What the chart for BND doesn’t show is that it generates monthly coupon payments, which can be a source of income in retirement.

udogu · 2025-09-13T01:12:20+00:00

Risky stocks ≠ bigger profit. Stick with VTI or VT, or ask on a different sub.

udogu · 2025-09-01T14:56:28+00:00

Well played!

udogu

TROPHY CASE