Tax Optimization Strategy

Personal Finance

If your investments don’t require material participation, and if someone who has zero ordinary income can invest on behalf of you, you could save more than $40,000 for $120,000 passive income. The potential candidates could be retired parents, stay-at-home relatives, or children. SEC doesn’t place an age restriction on the accreditation requirements. He can be a 1-year-old・・・

Retirement Plan 2018

Personal Finance

We reassessed our retirement plan with the new tax bill and current spending figure. Housing Expense Townhouse for Rent: $2,500 – $3,000 4 Bedroom House for Rent: $3,200 – $4,000 6 Bedroom House for Rent: $4,500 – $6,000 Passive Income YieldStreet: 10% (12% target return less 2% cash drag) Option 1: A Happy Marriage Without・・・

Investment Strategy 2018

Personal Finance

No More Backdoor Roth IRA Too much of a hassle to manage. I will empty Groundfloor IRA in the first quarter of 2018 and Lending Club IRA by 2021. I plan to consolidate my Roth IRAs to Merrill Edge brokerage accounts. Litigation Finance Overweight I will transfer all remaining funds from DLIF to YieldStreet. My・・・

I Become A Millionaire

Personal Finance

Journey To Become A Millionaire It has been 18 years since I moved to the U.S. I spent the first 10 years setting up for life. I have been a middle-income earner during my early career. My income doubled after I moved to a big city. I lived through the mid-2000’s housing bubble. I had・・・

Litigation Case #281 Resolved (LexShares)

Crowdfunding

My 7th investment into commercial litigation crowdfunding has resolved. Funding In July 2017, LexShares opened a new investment opportunity. Projected net return was 80% in the first 6 months, 20% next 6 months, then 40% every 6 months thereafter. I committed to the case and I wired $75,000 on 7/12/17. LexShares disbursed funds to the plaintiff on・・・

Credit Limit 101

Credit Cards

Continue from previous post Can you talk a little more about how to get started doing credit card arbitrage, like the basics? I just discovered this and am still trying to get my head around how you get the cash from the cards to invest. I think you are supposed to charge your monthly expenses and・・・

Balance Transfer 101

Credit Cards

Recently a reader Evan asked the following question in a blog comment: Can you talk a little more about how to get started doing credit card arbitrage, like the basics? I just discovered this and am still trying to get my head around how you get the cash from the cards to invest. I think・・・

EVIVA Midtown Project Repaid (iFunding)

Crowdfunding

My first preferred equity investment on commercial real estate project has completed. Funding In September 2016, iFunding announced a $600,000 preferred equity follow-on offering for EVIVA Midtown. The investment has an estimated 20% preferred return: 8% current return paid monthly & 12% accrual paid at maturity. Target maturity is June 2017 (10 month term). I made a・・・

Mint vs. Personal Capital

Personal Finance

Switched from Mint to Personal Capital I’ve tested Mint for few months in 2015. There were 2 things I didn’t like about Mint. Unable to link Target REDcard. It was a deal breaker because I often shop at Target. Unable to add investments that Mint doesn’t support. My investments are mostly with cloudfunding platforms and private・・・

Get Rich with Litigation Finance

Personal Finance

Due to a recent change in my investment strategy, I have to reassess my asset growth over the next few years. I start with an initial investment of $1,000,000 in the first 2 years, followed by an additional investment of $80,000 every year. The average case resolution time is 2 years with a 75% target・・・

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