Side-hustles - what's yours and how do you make it work?

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It would be for fun!! No? No milking cows and raising hens and pigs for you? And growing all your own vegetables? Damn, I wish I could be on even 5 acres. But alas, my SO loves, the damn city.
pgg said:
I didn't go to 4 years of evil medical school to be called Mr Subsistence Farmer thankyouverymuch
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pgg said:
Depends on the terrain and how close the neighbors are, but ballpark 50-100 acres for the areas we're looking. That's the hope, anyway. I've lived on <1 acre lots my whole life so I'd probably settle for less. We'll have to see if the dream matches what we can find.

The unexpected issue I'm finding is that the places we like tend to have ginormous 8000 sq ft houses on them, or run-down very old houses that would need a bulldozer or Discovery Channel makeover, or crazy stuff we don't need like stables for a dozen horses and 35 cows. It's just me and my wife and some dogs.
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dr doze said:
Think of it as an opportunity at a new career or hobby. Farmer pgg.
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That’s my daughter’s dream life. But around here your name has to be Gates or Pickens to afford a spread like that.
 
There are way better places. Upstate NY is awful…. Taxes, humid then cold AF.
Central Valley is also a hard pass. I’d be looking at Oregon, Nevada maybe some high country in AZ. But that is just me.

www.landwatch.com

Hood River Orchard

Beautiful, custom home with multi-mountain view!Enjoy all of the perks that country living has to offer,while maintaining close proximity to the expansiverecreational opportunities in the Columbia
www.landwatch.com www.landwatch.com
 
sevoflurane said:
Probably an unpopular idea, but I have been rather happy with leveraged muni bonds. I just buy the big dips which occur every few years. Yield is 4.6% which is exempt from taxes. Much better than CD’s although more risky.
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4.6% tax free yield means 8% in CA. What do you buy?
 
Also
narcotics999 said:
4.6% tax free yield means 8% in CA. What do you buy?
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Nuveen . Particularly NZF. It’s at an all time high. So not a good time to buy. If you have a mil in there you’ll net 46k tax free per year.
 
minus expenses… forget what they are, not much though.
Few billion in the fund.
 
sevoflurane said:
Also

Nuveen . Particularly NZF. It’s at an all time high. So not a good time to buy. If you have a mil in there you’ll net 46k tax free per year.
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Thanks. I will probably get into bonds after a few rounds of interest hike. It means 2023-24.
 
I believe so, but don’t quote me… their yield was hovering around 6% a few years ago.
 
dr doze said:
:barf:

😱
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I’ll raise you an NZF to a CD any day… 18% run this year, + muni untaxed yields… it’s been good to me.
2% sounds high for expenses not sure if accurate… but even then, you are crushing any CD or bank yields.
Not looking to make a home run… just steady income that isn’t taxed.
 
sevoflurane said:
I’ll raise you an NZF to a CD any day… 18% run this year, + muni untaxed yields… it’s been good to me.
2% sounds high for expenses not sure if accurate… but even then, you are crushing any CD or bank yields.
Not looking to make a home run… just steady income that isn’t taxed.
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More money has been lost reaching for yield than at the point of a gun. Take your risk on the equity side.
 
dr doze said:
More money has been lost reaching for yield than at the point of a gun. Take your risk on the equity side.
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You can say that about a lot of investments honestly. I have a trigger for another 50k if it hits 13 again.
 
As i said earlier, riskier and not popular, but if tax efficiency is your goal now and at retirement it has some value given good entry points which happen every few years. Just a small part of my portfolio, but it has it’s place at least w/ me. Been long NZF for a good while and only buy big dips. Cash out infrequently.
If long term capital gains go to 40% it may be worth a look. But again, it isn’t for everyone.
 
sevoflurane said:
I’ll raise you an NZF to a CD any day… 18% run this year, + muni untaxed yields… it’s been good to me.
2% sounds high for expenses not sure if accurate… but even then, you are crushing any CD or bank yields.
Not looking to make a home run… just steady income that isn’t taxed.
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I have been puzzling over how to move cash into bonds so I appreciate your suggestion. Looking at what fund to use BKN and EVN have much lower expense ratio and are Morningstar 5 star rated.

If inflation takes off I would expect yield to remain the same since they are invested in ~20 year bonds yet price of fund will drop to compensate. Is this a valid analysis? Would a TIPS ETF be a better move at this time?
 
pastafan said:
Expenses 2.04%. Is the yield 4.60% after expenses?
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4.6% already takes expenses into account. Verified this. Sold 200kish @$17.2.
34k in long term capital gains and 10k in untaxable yield (no state income taxes). Happy with that.
Held for about 14 months. The cd’s I own don’t come close to that obviously and already heavily invested in the stock market so worked great for my portfolio. Sitting on some cash atm.
 
sevoflurane said:
4.6% already takes expenses into account. Verified this. Sold 200kish @$17.2.
34k in long term capital gains and 10k in untaxable yield (no state income taxes). Happy with that.
Held for about 14 months. The cd’s I own don’t come close to that obviously and already heavily invested in the stock market so worked great for my portfolio. Sitting on some cash atm.
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Congrats. But in terms of portfolio efficiency the data suggests that risk is best rewarded on the equity side. Looking at your portfolio as a whole while being mindful of taxes maximizes return for every particle of risk that you take.
 
dr doze said:
Congrats. But in terms of portfolio efficiency the data suggests that risk is best rewarded on the equity side. Looking at your portfolio as a whole while being mindful of taxes maximizes return for every particle of risk that you take.
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I hear you. Putting all that in vti would have netted more. Money savings accounts are a fraction of what they were 2 years ago. CD’s are garbage right now. Just works for me and am a little heavier on cash if we start correcting. Still these leveraged accounts are a tiny part of my portfolio. Good for times likes these…. all time high… easy to pull out with tax advantaged returns in our income level.
Can redeploy into equities at any point now.
 
Really was a no brainer to take my gains and sit this market out for a second.
 
*still heavily invested in equities.
Haven’t sold a single etf/stock/etc.
 
sevoflurane said:
I hear you. Putting all that in vti would have netted more. Money savings accounts are a fraction of what they were 2 years ago. CD’s are garbage right now. Just works for me and am a little heavier on cash if we start correcting. Still these leveraged accounts are a tiny part of my portfolio. Good for times likes these…. all time high… easy to pull out with tax advantaged returns in our income level.
Can redeploy into equities at any point now.
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Putting some of the NZF money into VTI and some of the money into cash/CDs would have been more efficient based on market averages. You won. But you took more risk than you needed to.
 
dr doze said:
Putting some of the NZF money into VTI and some of the money into cash/CDs would have been more efficient based on market averages. You won. But you took more risk than you needed to.
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Def. took a gamble when the DJI was around 20kish. Bought a lot on the way down and doubled down at 10ish% increments. Def bought stragglers on the way up most importantly VDE. Think I mentioned this back then. I don’t like to sell, but vde is a meh etf unless there is a pandemic.
Gamble yes…. but seeing the dji hit 19k was ugly and I felt like the time was right.
NZF was at historical lows as was a lot of everything. Just glad it didn’t take an enormous amount of time to tick back up.
 
I don’t time the market fwiw, but deploy reserves in big downturns. Doubt the recent drop in equities will amount to much, but glad to have some liquid reserve in cash/bonds/cd’s. I am comfortable with that position right now.
 
forums.studentdoctor.net

V shaped recovery

Nothing like 2008. I have personally never seen a market carve it’s way down and rebound so quickly. :eek: Covid market has been the single best market I have ever seen in such short time. If you had the guts to invest heavily you accelerated your retirement. Not out of the woods, but the...
forums.studentdoctor.net forums.studentdoctor.net
 
On the fence for selling vde... I am at long term capital gains. So def. at that crossroads. FWIW.
 
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