Talking stocks, trading, and investing in general

[jcman311]

What the hell thread did I stumble upon here? Getting married? Steaks? What are you drinking right now?

Stocks?! Hmmm, need another drink.

 

[Omega Male]

 

[jbarwick]

Chinas push against US listings is a drag on the portfolio but only a 3% weighting. I let the US portion increase above my rebalance threshold a while back so my laziness has helped. Additionally my 30% international portion is lagging US YTD But doing ok.

My planned growth assumptions are only 4.9% so anything above that is gravy.

 

[Piobaire]

My entire China exposure is a contract of DIDI. I'm bagholding.

 

[jbarwick]

My entire China exposure is a contract of DIDI. I'm bagholding.

That is moving this morning on going private rumors

 

[Piobaire]

It was up considerably yesterday. I've got a limit order to sell in and hope I get out.

 

[usctrojans31]

Have held MCHI for years. It's been a recent bloodbath.

 

[RSS]

So anyone hear any rumors as to when the tax laws will change regarding inheriting real estate that has been through an IRC 1031 Like-Kind Exchange? My tax lawyer says I should be shaking in my bluchers.

 

[Piobaire]

Port at a new ATH.

 

[PhilKenSebben]

Port at a new ATH.

Oh dear God make it stop

 

[UnFacconable]

So anyone hear any rumors as to when the tax laws will change regarding inheriting real estate that has been through an IRC 1031 Like-Kind Exchange? My tax lawyer says I should be shaking in my bluchers.

The administration says it wants to eliminate the step up in basis for assets at death. I doubt it will happen and I’m not sure how I feel about it.

One thing I do know is that commercial real estate has far too much support under the tax code. Essentially as a country we appear to have decided that commercial property owners are immune from taxes. With depreciation, 1031s and step ups at death, it’s fairly routine for commercial property owners who make lots of money and pay literally no federal income taxes. I’m not sure why that is although I do understand why it makes commercial real estate an attractive asset flass.

Honestly I think if the general public really understood what was going on, there would be riots in the streets.

 

[Texasmade]

General public is too stupid and lazy to really understand. All they know is taxes=socialism!

 

[RSS]

One thing I do know is that commercial real estate has far too much support under the tax code. Essentially as a country we appear to have decided that commercial property owners are immune from taxes. With depreciation, 1031s and step ups at death, it’s fairly routine for commercial property owners who make lots of money and pay literally no federal income taxes. I’m not sure why that is although I do understand why it makes commercial real estate an attractive asset flass.

Honestly I think if the general public really understood what was going on, there would be riots in the streets.

I have to agree with you. The property was fully depreciated prior to the 1031. It has greatly appreciated in value. By perhaps 15x (NY Property bought in 1983) The step up in basis will be extraordinary and I'll have 3.363% per year as depreciation for the next 27.5 years (likely longer than I will live). I'm stunned that it's allowed. But it is and I'd like to take advantage of it assuming it's not changed.

 

[UnFacconable]

I have to agree with you. The property was fully depreciated prior to the 1031. It has greatly appreciated in value. By perhaps 15x (NY Property bought in 1983) The step up in basis will be extraordinary and I'll have 3.363% per year as depreciation for the next 27.5 years (likely longer than I will live). I'm stunned that it's allowed. But it is and I'd like to take advantage of it assuming it's not changed.

Exactly and the property will continue to appreciate and when you pass it on to me, I will get a step up and start depreciation all over again and @Piobaire, who still won’t have retired, will be subsidizing it.

There are so many problems with the regime, but at a minimum buildings should depreciate over a much longer schedule - 50-100 years would make far more sense. But the whole notion of taxpayers subsidizing owners of appreciating assets by pretending they depreciate is bonkers.

 

[PhilKenSebben]

Has anyone here ever bought a business (not a franchise)? Like lock stock and barrel?

I am dabbling with a thought, but while there are things of interest, I don't know how to go about the valuation and investment hurdles and such Any thoughts or starting points?