What is your favorite book in personal finance/investing?

1/3 Question on tax treatment of nonpriority unsecured claims converted into long-term note decreased total liabilities under Chapter 11. An accrual based C-Corp taxpayer completed a Chapter 11 reorganization and converted a total of $1M A/P to suppliers into a $410K LT note (a $590K liability reduction). Should we view this $590K as the Sec. 108(a)(1)(A) excludable income? After reading through IRS Pub 4681, I think it makes sense to view the $590 as "Reduced Price After Purchase", but not

Recommendations for a Roth IRA?

Advice and tips for a first time rental property investor?

I am 24 saving up for my first property to purchase at the end of 2021 / early 2022 in the Long Island, NY area.

I’d like to save up around $50K in my HYSA for a property <$400K in LI. Does this sound reasonable?

Does anyone have any advice on investing in the LI area (best location, SFH v MFH) or just general first time rental property buying advice?

Thanks all

For those watching their home value - which is best? Zillow or Redfin? I’m watching mine to see what equity I have to refi and potentially get PMI removed. Zillow is current showing home value at about 20K less than Redfin. Are there any other tools I could be using? Thanks.

I have $20k student loans and have been paying $1k per month throughout pandemic to lower the balance. Would you continue to do this? I could pay them off, stop payments in hope of debt relief or keep up with current strategy. TIA

Top 5 coins to buy?

Anyone here ever had any experience using a 203(k) loan? How wild you rate your experience?

What all investments can be done to save TDS deductions?

Hi fishes, need urgent advice. How is the HDFC Index Sensex Plan? I have invested 75K but it's in loss as all others. Should I continue to average it out or stop investing in it? The loss is higher in this compared to other funds.

Diversification is the key. My portfolio includes a bit of most of these.

1. Debt/Liquid mutual funds (direct)
2. Gold
3. REIT (fractional ownership and distribution)
4. Equity mutual funds (ELSS, direct)
5. Direct equity (India)
6. US stocks and ETFs (tech & genomics)
7. Crypto currency (interest deposits)

Alright this bowl has convinced me I need to buy a Rolex. Where do I begin? I know my brother got a Batman GMT after about a year at a jeweler he never purchased from a few years ago, but was he just lucky? Do I need a relationship with an AD in today’s market for a Sub or GMT? Based in Seattle but would prefer to buy in Oregon to avoid taxes

Best book you've read recently on personal finance?

38 and net worth only 750 k€. Am I behind?

I just hit my lean fire number but am hesitating to pull the trigger, so was hoping to run it by people smarter than me:

- I have a few rentals that bring in ~$1800/mo cash flow, taxes are negligible, Capex incl.
- My paper assets will bring in ~$1200/mo at 3% draw
- I get free Healthcare at the VA
- No plans on kids
- My expenses haven't topped $30k/yr ever
- I could always reenter the workforce if needed (albeit probably not in consulting)

Please point out the flaws here, what am I missing?

Is this portfolio allocation pretty standard for index funds? What am I missing or not considering?

VUG Large Cap Growth - 20%
VOT Mid Cap Growth - 15%
VBK Small Cap Growth - 15%
VTI Total US - 25%
VXUS Total International - 25%

Earning 82k. Putting 11% in traditional and 5% Roth. Am i doing it the other day around.? Can you please help me with the general consensus or a suggestion from your end?

Has anyone successfully claimed that income from a NY big law firm is not NY income based on TSB-M-06(5)I (May 15, 2006)? I think that my situation meets all the factors necessary. I am going to claim that the income should be sourced from Texas—I worked out of the Houston office from time to time while there. I was in Texas for more than half the year.

Looking for a great realtor with knowledge of East Austin. Any recs?

Hi Fishes

My compa ratio is 0.798 current band 6A. How much hike should i expect in april? Current ctc 4.89 lpa

P.S i joined ibm in oct 2021

Need help how is @fujitsu as a company for sap Consultants ? Implementation project environment ?
I got an offer of 22 lpa
But I m happy in my current company also .. wanted to do implementation that y I m in dillema

Hi fishes,need you inputs regarding Notice period and retention policy.
1. 3 months np is negotiable or its fixed?
2.once you resign do cognizant retain its employees and if yes how much do they offer?

Hi Fishes !
What are your thoughts about investing in reliance power for long term !
I'm a newbie in stocks .
Any suggestion will be appreciated !

Anyone else just absolutely despise Kryterion and their service reps? They are so rude and I just can’t stand it

I work in clinical Oncology - Really would like a higher level position in management. Anyone work in this industry have any insight?

Has anyone here considered leaving healthcare altogether? I am really drawn by a role in tech, but I know it's such a big leap. I have a friend who did this though, and she is making even more than I have made as a travel nurse. Is it an anomaly or a real possibility?

What was the hike % last year for a Senior 1 with 2nd rating who didn't get any promotion/progression?

Is there 163j tax implication if there is a loss and some business interest expense.
Simple financials statement scenario.

Why are return flights almost always delayed yet outbound flights never are? 🤔🤔

Got a mail from American Airlines that says they are giving me free upgrade to platinum status with no strings attached. Anyone else got this?

Any Florida hotels (Hyatt/Marriott) near the beach that people recommend? Looking to avoid Miami.

Ryan Murphy is the new Aaron Spelling. Big rich producer making money off of cheesy shlock. I guess you can’t take the Indiana out of the boy. Heart’s in the right place though. Bless his heart.

New to trading and investing in equity. Have $200k in equity and $20k in MUNI bonds. How do you plan to diversify?

I’m 26 and have ~40k sitting in my savings account. Annual income 140k. Maxing out 401k. No debt. Planning to invest 25k but don’t know where to start. Should I get a wealth manager? What is the best way to approach this?

Is commercial building a good investment channel? Any insight would be greatly appreciated

Accidentally sold all my VOO stocks when I was trying to put in a trailing stop loss. 🥲 Feeling real crap.

Thoughts on the Marcus Investment robo advisory rolled out by Goldman a few weeks ago? They charge low fees which is great, but I have a hard time seeing what makes it different than others.

How are you all determining the future cost of college and target levels of investment for 529 accounts? Having a hard time seeing how 100k for college in 15 years is realistic. Also don't know the right level of savings to target (50%? More?).

What might be the ripple effect in real estate? When is a good time to get in?

When is the right time to buy a second home (primary investment/ secondary vacation home)?

Tempted to buy DAL! Pros/cons?

Stock market is like life, full of ups and downs.
In the hope of market going down maybe not to the March lows but close enough for me to buy.

Need advice on where to invest my money. I’m 27 y/o and have 100k saved. 25k with a badly managed robo advisor which has only given me +3% this year, 15k actively invested and 45k in cash (pls no judgement, I know about inflation, that’s why I’m seeking advice), 15k in my retirement savings fund. Want to ditch my robo advisor and start investing as diversified as possible without having to buy single stocks. Any advice?

I just heard recently that if you refinance and your house appraises at 20% more than the amount owed, you can remove PMI. Is this correct? Getting a divorce and trying to keep the house but moving from a VA to a traditional loan and would rather not pay PMI if I don’t have to. House was purchased for $460k no money down (VA loan), refinanced at $450k to lower payments $400/month, now have $430k left on the loan... would it have to appraise for $516k?

180k base in CA: Is 1500/month net saving goal too aggressive?

I have 200k in HYS. Currently have 1k in BTC. Id like to start DCA to diversify my investments. How do you recommend this? Should I buy a bunch outright and then start investing 5-10% of each paycheck?

31, $155 base, expenses 2300mo, 30k investment, only debt is 500k house. Is it too late? How far behind am I? If I throw all of my cash moving forward at investments and mortgage can I recover?

How do people feel about Tesla ? Buy ?