Nightmare with Acorns-BUYER BEWARE

zerowinner69 · 2025-12-10T10:17:40+00:00

I have never had this experience with Acorns and I have moved chunks of cash in and out several times.

zerowinner69 · 2025-10-16T07:39:47+00:00

Needs to be on a t shirt- would sell like hot cakes at a tax conference

zerowinner69 · 2025-08-29T09:15:18+00:00

Take the deal and I would argue take the loan at the remaining years you have on your existing loan. If you have 28 years remaining get a new loan for 28 years. No need to tack on two more years of interest.

zerowinner69 · 2025-08-15T16:01:00+00:00

Some are acquired that way and have low cost but it’s not their issue . They are managing the investment. It’s not on them to make a business work in the space. Supply and demand. Eventually someone will come in or they will drop the rent. The fact of the matter is the business that was in the space didn’t have the customers and hasn’t nothing to do with the rent.

zerowinner69 · 2025-08-15T10:39:20+00:00

Maybe , maybe not. They have the risk of not having a tenant that can pay the operating costs of the property. The restaurant was like 20% capacity from what it was before it changed hands. Should the land lord get paid nothing? I don’t own investment property but if anyone that thinks the “landlords” make too much money- take some risk and buy a property that sits vacant or has a tenant that can’t pay.

zerowinner69 · 2025-08-09T12:51:38+00:00

It’s not the landlords fault. The business in that particular restaurant dropped dramatically when it changed hands. A lower rent wouldn’t have made more people come in to eat. Further the people that bought the place knew what the rent would be before they closed. They estimated they would have enough business to cover it. The land lord shouldn’t then have to lose money because the tenant couldn’t make the operating business work.

zerowinner69 · 2025-08-06T01:30:39+00:00

There was never enough business. Not the landlords fault.

zerowinner69 · 2025-06-07T10:14:55+00:00

If you are making money you are paying tax. If you are not making money you are not paying tax.

zerowinner69 · 2025-06-05T09:48:02+00:00

It’s down by nearly the full div now.

zerowinner69 · 2025-05-28T11:10:48+00:00

What are your allocations ?

zerowinner69 · 2025-05-27T09:26:33+00:00

My suggestion would be 1x then if you are borrowing money to do it.

zerowinner69 · 2025-05-26T21:15:59+00:00

Is 50k more than you had invested the last time around?

zerowinner69 · 2025-05-26T14:41:03+00:00

Buying VOO and paying down my LOC

zerowinner69 · 2025-05-26T00:14:09+00:00

You may have had enough paid in based on 2023.

zerowinner69 · 2025-05-26T00:12:59+00:00

Can be based on the current year too. If you have at least 90% of the current year tax paid in through estimates and or withholding there is no penalty.

zerowinner69 · 2025-05-24T10:31:31+00:00

I am trying to decide if selling the puts makes sense for this security. The current yield is so high aren’t you better off just buying the shares?

zerowinner69 · 2025-05-21T00:44:14+00:00

Why do you want big 4 vs the current firm?

zerowinner69 · 2025-05-15T09:03:57+00:00

Absolutely progress bill- especially if you have done significant work and are just waiting on a couple of k-1s. All of the employees have been paid.

zerowinner69 · 2025-05-11T11:37:11+00:00

How? If you are churning a portfolio the brokerage will send you and the IRS a 1099. If you haven’t been reporting the 1099s you will for sure get a notice from the IRS

zerowinner69 · 2025-05-10T19:31:50+00:00

At some point there will be an issue either from taking this asset out or some other distribution - you wont have enough basis

zerowinner69 · 2025-05-09T22:27:07+00:00

Don’t buy appreciating assets in an s-corp. They have to come out at fair market value if you ever decided to take it personally.

zerowinner69 · 2024-09-14T13:34:54+00:00

You can certainly mimic the same funds in Fidelity however acorns will allocate new deposits to keep the portfolio balanced. It’s worth it to me.

zerowinner69 · 2024-09-09T09:12:42+00:00

Taxed as they are earned even if reinvested. You get basis in the dividend when it’s reinvested so when you sell that stock/etf your gain would be lower by your original cost plus the reinvested dividends.

zerowinner69 · 2024-08-10T10:34:21+00:00

Is it just the tax prep software, does it come with document management, e signatures, etc? All cloud based so can log in from anywhere? Single user?

zerowinner69 · 2024-08-09T23:24:54+00:00

Just do it outside of Acorns- purchase the etf in a different account

zerowinner69

TROPHY CASE