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

likefunny
Posting as :
works at
You are currently posting as works at

If you have to think about the right time to buy a second home you can’t afford a second home.

like

Why? Just because you’re analyzing the RE market at this moment vs thinking about the future, and weighing options on what to invest, doesn’t mean you can’t afford it.

like

Definitely not right now 😅

like

Whenever you have maxed out most of your other tax free investment options and have cash to spare. Though it’s tough at this very moment to buy.

never

Why?

like

Related Posts

Looking for few suggestions for high risk/high return stocks at current level which have potential to double/ triple in next 3-4 years...

likefunny

What's your target retirement savings? Target age? Combined or single?

like

i’m at work literally stressed about $3.5k (spread across there states) and this is why i can’t stand state taxation.

how you gonna shut down a business license over $100?!

likefunny

Anyone have experience with the Financial Advisors from Personal Capital? How was your experience?

like

Anyone been able to work from Dubai for a UK/US firm and benefit from no taxes? I know if you are a US citizen you pay taxes where you are globally, but if you are British, then you only pay income tax on UK income - so if you live more than half the year abroad you are classed as non-domicile resident, but wanted to hear if anyone’s done this or heard about it?

like

Looking for advice to safely invest Escrow portion of my mortgage, since I was able to stop paying from Escrowz starting this month.

As you know, this cannot be risk in stock market, what are safe options

like

Good credit card to open? Thinking Amex gold - anyone have it and recommend? Or any others?

like

Anyone have a recommended tax person in Chicago?

like

Now that’s what I wanted - good bowl. Come on real estate folks!

like

Hi everyone. I was given a verbal offer after some negotiation and I’m comfortable with the salary. There was no real discussion about anything other than salary. When the written offer arrives, have you had any success negotiating PTO, health insurance, retirement ect.? Thanks!

like

If buy the partners you work with regularly a holiday gift, how much do you spend? Usually I get baked goods or food items which you can’t tell the actual amount spent on. This year, though, I’d like to support local restaurants by encouraging people to order takeout—hence, giving gift cards.

How much is appropriate for a restaurant gift card from an associate to a partner?

What are some of the best savings accounts you know of?

like

Anyone invested with QQQM or QQQJ? Thinking about splitting a chunk between both.

like

where is the best place to sell or trade in my used car? (2019 van low km’s)

like

Newbie buying AAPL for the first time - any reason I should select anything other than Market Order?

Four words - Invest. In. Amazon. Stock.

110% Return on investment ( 1 year) and still projected to keep growing...

Laughable that banks and traditional 401k give you less than 5

likesmartfunny

Someone talk me out of buying the C8 Corvette 😭 I make >$200k and am early twenties FWIW

like

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

like

How much rent amount should I pay to get maximum tax deduction?

Starting to get into investing and generally a pretty risk averse person so not out here trying to make fast money. What mediums do people generally use to invest? Think I’m too easily stressed to pick individual stocks, but happy to take suggestions for platforms for both. TIA!

like

More Posts

Would you strongly advise against going in-house right after a state court clerkship? (No law firm experience in law school either). I don’t know if I want to become an in-house forever. Would it be difficult to get a law firm job at a later time?

like

Hey fellow Sale Bowl Mates. I wanted to give yall a quick update on our numbers.
We have grown by 1,890 members to 7113. This means we are well on our way to the 10K mark.
Thanks!

like

What is a non offensive salary base to ask for when working in Point of Sale sales? What’s the trend like? I’m in Houston Texas

like

I have two job offers, one as a waiter and one as a bartender. Which one would you take? I’m thinking bartender for the tips.

like

If I reject Accenture Technology offer, will I be able to appear for Accenture Strategy interview later on? I have an MBA.

like

Hey all, looking to move to a different firm (small boutique to bigger firm) as a Business Analyst (3 YOE), any suggestions for places to apply to

Kickoff day v month 6.

Post Photo
likefunny
like

What is the entry level salary expectation for data analyst in Mumbai please share your thought also...

Hi.. I am having experience around 2 years in Tata Consultancy The package is not close to 4lpa Is there any chance that i can ask for a revised CTC ( or digital package) if yes, to whom should I approach and what is the process Thank you in advance!

Exp 2yr
CTC around 4lpa
Stack Java spring boot, angular js,MySQL.

like

Spent 10 years in big4, M&A. Looking to move to Corp Dev. Looking for any advice on making the pivot.

like

Had an interview yesterday and the interviewer wanted to understand what I did - even 1 month gap between jobs - from 2009 to present 🤪 Not interested in the job anymore tbh

likefunny

In house counsel who were ip litigators, what do you do now? When did you go in house and how is your total comp in house? How is work life balance?

like

Hi Fellow Fishes,

Good Day! I have got offer from
HCL Technologies
My YOE is 3 years(Tech stack- Oracle DBA) and CTC I got is 10 LPA gross.
Will it be worth joining hcl at this PKG considering I am switching from TCS. Or should I take retention offer of 8.5 LPA.
Please give your advice.

like

What will the effect of EY split on employees? Will there be any growth impacts or change in pay scales or anything like that?EY

like

Welp, see yeah later KFC!

like

Anyone feel they’re slow?

likehelpfulsmart

So who else here is experiencing plummeting billable hours and exponential weight gain since this whole WFH thing started? Bought snacks for 30 days, finished in 48 hours.

likefunnysmart

Any consulting moms in the area? Desperately in need of in town friends.

like

Hi everyone. I am trying to change my current company. I am currently working with Stonex and have experience in financial domain for 11 years. My profile is in Surveillance Compliancen, Kyc Aml, QA Six Sigma, Trade Surveillance and ecommunication Surveillance. It would be great if i would have got one referral.

Thanks.

like

Additional Posts in Personal Investment Chatter

Anyone here have success running a short term rental (AirBNB, VRBO, etc)? Looking for tips to enhance bookings

like

You'd be down 60% if you bought bitcoin with this person. Thanks for playing.

Post Photo
likefunny

How much GUSD do you keep in BlockFi to earn higher interest?

likehelpful

ZM - back to 🚀🚀🚀🚀

like

Can someone clarify under Biden's new proposed capital gains tax, LT capital gains are now income? Meaning if I sold above $1m worth of stock, I'd be taxed at 40% regardless of annual income?

like

For those that trade individual stocks, how do you keep your emotions out? I decided not to buy Wayfair last month due to past volatility (was looking for short term gains) and now kicking myself.

like

Deciding between 20 vs 30 year term life insurance. 33 years old and just had first baby. Anything I should consider to help me decide which horizon makes more sense?

likefunny

SCARED MONEY DONT MAKE MONEY. BUY NOK 🚀🚀🚀🚀🚀

like

Transferring IRA from Vanguard to Fidelity - do I have to liquidate my holdings?

like

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?

like

I overpaid social security deductions last year due to job switch and two employers. Will that be applied against the tax I owe and will my employer also be refunded for their contribution?

like

Here we go again.

Post Photo
likefunny

History repeats from time to time but still greed seems to conquer everyone. We should always stick to fundamentals. Bitcoin , GME , AMC ... let me say it again: in this fake battle between Reddit and hedge funds the only people at loss are the noob investors. Hedge fund money comes from many of our pension and retirement account so if hedge funds loose it is ultimately the common man that suffers.

like

My investing strategy is just to DCA into an S&P 500 index fund and keep buying and holding. If I understand correctly, the sole disadvantage this has compared to a tax sheltered retirement account is that the quarterly dividends will be taxed? But even so, they’ll be taxed at a lower qualified dividend rate since I’m automatically reinvesting those dividends.

like

Looking at real estate vs stock market returns. How much ROI have you seen your real estate investments yield over the years on average? I know there are so many factors. Just trying to see if RE is worth it given that I will lock in a large amount if cash.

like

Short the vix?

like

What do you do with your cash back rewards in your credit cards? I can convert them to gift cards or statement credit (cannot use for travel) but I usually just leave them there. Is it better to take the money out?

like

I constantly see here peeps who are at $100k+ net worth at ages 29 or less. What is your salary and how did you do it? I’m nearing 30 and I’m not even close. Am I doing something wrong?

like

Going to have a kid in November. What are some of the best savings options long term barring 529?

Also, if I were to buy stocks for ~10k on day of birth what would be the recommendation be?

like

Can someone point me to some material where I can read about profit sharing vs 401k. I get the concept, but I am trying to understand is 10% profit sharing vested over 5 years better than an employee 401k match of 6%?

From my understanding 10% PS is better because it’s just a standard 10% on top of whatever I contribute though it takes 5 years to vest. Does this mean if I leave before 5 years I don’t get any of it?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal