I'm excited to enter a long term position in SPY and open a SBLOC, I'm just nervous to begin a large position right now at these levels. Especially when seven bloated tech stocks are holding up the index, the yield curve is steeply inverted, and layoffs are accelerating world wide. I hope I'm wrong, we'll see.
I also think buying extremely deep puts with maybe 1% of your income is absolutely proven to pay off... in 2020 and 2022 you probably would have made a 100 times your money and that's just 2 incidents in the last couple years Then u have a bunch of cash to spend on lower priced shares!
Hi Sharon. Your content has been a blessing to me. You mentioned that you keep almost 100% of your money invested at all times. How do you pay your monthly bills? Does the money come from other business income (which is being taxed) or is there something I'm missing? Also, how do you pay for things like vacations, holiday gifts and personal shopping?
@sharonwinsmith how does one pay minimum taxes on rental income? Other then the typical write offs such as interest, taxes, insurance, expenses and depreciation what else is missing? I refinanced and pulled out some cash but I still have tons of equity. I've owned the rental properties for 23 years so depreciation is almost over. I've been looking for more real estate investments but the ones I've come across aren't breaking even. Lastly, I purchased your course "Finding Deal Flow" and it's excellent! I meet with a syndication tomorrow. Wish me luck 🙏🏾
I think you're missing out on the amazing world of covered calls and puts see you generate extra income and Especially if you're using your borrow die strategy because that extra income sets off the interest. and if you have some kind of monster gain thay blows through your calls, well it's only 15% capital games tax and you've always buy again
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I'm excited to enter a long term position in SPY and open a SBLOC, I'm just nervous to begin a large position right now at these levels. Especially when seven bloated tech stocks are holding up the index, the yield curve is steeply inverted, and layoffs are accelerating world wide. I hope I'm wrong, we'll see.
I also think buying extremely deep puts with maybe 1% of your income is absolutely proven to pay off... in 2020 and 2022 you probably would have made a 100 times your money and that's just 2 incidents in the last couple years
Then u have a bunch of cash to spend on lower priced shares!
Hi Sharon. Your content has been a blessing to me.
You mentioned that you keep almost 100% of your money invested at all times. How do you pay your monthly bills? Does the money come from other business income (which is being taxed) or is there something I'm missing? Also, how do you pay for things like vacations, holiday gifts and personal shopping?
Good question - a combination of investment income, business income, and SBLOC. I am very rarely ever paying tax on my business or investment income.
@sharonwinsmith how does one pay minimum taxes on rental income? Other then the typical write offs such as interest, taxes, insurance, expenses and depreciation what else is missing? I refinanced and pulled out some cash but I still have tons of equity. I've owned the rental properties for 23 years so depreciation is almost over.
I've been looking for more real estate investments but the ones I've come across aren't breaking even.
Lastly, I purchased your course "Finding Deal Flow" and it's excellent! I meet with a syndication tomorrow. Wish me luck 🙏🏾
I think you're missing out on the amazing world of covered calls and puts see you generate extra income and Especially if you're using your borrow die strategy because that extra income sets off the interest. and if you have some kind of monster gain thay blows through your calls, well it's only 15% capital games tax and you've always buy again
Are you going to do the video on other self-directed roth IRA options to use the Peter Thiel strategy?
Do you mean the actual custodians for setting up the Roth-IRA strategy?
@@sharonwinsmith yes
I'll put that on the list for future videos
Hmmm always enter stock positions by selling puts
Good evening coach
Hey, thank for you such helpful videos. Keep up the great work. Your account is going to grow so much
Thank you so much!!
I'm too lazy to time the market, and too much of a coward as to sell, so I guess I turnet into an involuntary long term investor
Haha I love that!
R.I.P. Charlie Munger. 😥
Yes a big loss indeed 💔
😢Charlie munger...
I know ☹