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Forum: Business, Finance, and Investing 11-28-2007, 03:12 PM
Replies: 5
Views: 1,875
Posted By SteveOMS
Re: Should i stop my ESPP for more diversity?

I had an employee stock purchase plan embedded within my 401k when I worked at State Street. So it was pretax purchases and the discount was really small as well like above.

Diversifying makes...
Forum: Business, Finance, and Investing 11-27-2007, 08:18 PM
Replies: 9
Views: 23
Posted By SteveOMS
Re: How dodgy is the Citibank-Abu Dhabi deal?

There are a few big differences in the issues

1) The citi issue is a mandatory convertible to common shares and the CFC issue is not. More risk on this citi convert to the equity downside. So this...
Forum: Other Other Topics 11-25-2007, 11:39 PM
Replies: 57
Views: 2,895
Posted By SteveOMS
Re: THE WIRE T-Shirts

Ha thats great, jut bought one for a present. Some of the T-shirts with pictures are lame but good idea

Steve
Forum: Business, Finance, and Investing 11-16-2007, 01:04 PM
Replies: 62
Views: 68
Posted By SteveOMS
Re: Are Any Non Mega Banks Safe Enough To Ignore 100K FDIC Limit?

I would NOT put your money into Washington Mutual. Look at their stock price and default swaps....

Bank of A and citi are both safe. I'd say Schwab is safe as well, but thats a money market and...
Forum: Business, Finance, and Investing 11-16-2007, 12:17 AM
Replies: 62
Views: 68
Posted By SteveOMS
Re: Are Any Non Mega Banks Safe Enough To Ignore 100K FDIC Limit?

As a general and probably easier note you can just get additional insurance for amounts over the FDIC standard limits. Most banks will offer the additional insurance and it's fairly cheap to buy,...
Forum: Business, Finance, and Investing 11-12-2007, 07:10 PM
Replies: 10
Views: 28
Posted By SteveOMS
Re: Real Estate Losses

You can't 1031 exchange here this doesn't work for lots of ways . As a general note you can't 1031 a primary residence, has to be real estate as an investment. You also can't 1031 to roll forward...
Forum: Business, Finance, and Investing 11-07-2007, 03:51 PM
Replies: 17
Views: 30
Posted By SteveOMS
Re: Hard Money Lending

>>>>>>>>>>>>>
This is my thinking also. Am I wrong in my thinking that getting him to cover the carry cost will reduce my risk in the deal?
>>>>>>>>>>>>>

Not really, at the end of the day the...
Forum: Business, Finance, and Investing 11-07-2007, 02:46 PM
Replies: 17
Views: 30
Posted By SteveOMS
Re: Hard Money Lending

The risk/reward doesn't seem to add up here. The potential to make 12k or so just doesn't add up here. I think he's trying to use you as a risk shield if something goes wrong and it becomes hard to...
Forum: Business, Finance, and Investing 10-30-2007, 01:24 PM
Replies: 36
Views: 23
Posted By SteveOMS
Re: How Do I Get \"Credit\" For All Our Monthly Charges?

Being self employed with badish credit = no 60k credit card! Will be really hard to get right away. Your best bet is to try and establish 1-2 accounts and work up your limits. Have you tried American...
Forum: Business, Finance, and Investing 10-17-2007, 03:47 PM
Replies: 4
Views: 38
Posted By SteveOMS
Re: Indian stock debacle..

The ETF usually just owns ADR's and not the special investment deriviates that hedge funds and like use to speculate in the India market (and only that is being debated about restricting) so your...
Forum: Business, Finance, and Investing 10-12-2007, 12:09 PM
Replies: 6
Views: 21
Posted By SteveOMS
Re: New York real estate experts-Advice for the noob

400k condo's don't exist in Manhattan! Unless you're buying a 300 SQF hovel/closet in a bad area. Transaction costs in NYC are higher then most other areas (one time fees, taxes, brokers, etc...)...
Forum: Business, Finance, and Investing 10-12-2007, 11:56 AM
Replies: 70
Views: 29
Posted By SteveOMS
Re: Buying a first home: Las Vegas

I'll echo alot of the sentimate above. Aggressivly negitoate any deal you make in LV. Bargains are to be had today if you search and try and cut prices see if you find a seller just ready to go right...
Forum: Business, Finance, and Investing 10-10-2007, 02:32 PM
Replies: 42
Views: 53
Posted By SteveOMS
Re: FXI - China and market collapse

ETFs are one of the easier vehicles to short

Steve
Forum: Business, Finance, and Investing 10-08-2007, 11:48 PM
Replies: 3
Views: 28
Posted By SteveOMS
Re: Thremp, whats happening with the bar?

Why bother to familiarize much with quickbooks? Its one of the easiest and cost effective thing to farm out to a accounting contractor to do for you (compared to the time taken as a learning curve...
Forum: Business, Finance, and Investing 10-02-2007, 11:19 AM
Replies: 4
Views: 28
Posted By SteveOMS
Re: Builders, affiliated lenders, and RESPA

It's legal in almost all (if not all??) states. This is a local state law right now and not fed so you'd have to check your area

Steve
Forum: Business, Finance, and Investing 09-24-2007, 11:38 PM
Replies: 9
Views: 27
Posted By SteveOMS
Re: thoughts on Merril Lynch notes/my meeting with financial advisor

Most of these products are crazy structured products being offered to investors. Alot of the time the catch is your upside is somewhat limited. Usually the underlying security has to reach a...
Forum: Business, Finance, and Investing 09-18-2007, 08:56 AM
Replies: 52
Views: 45
Posted By SteveOMS
Re: Official - Will The Fed Cut Rates? on 9/18 Discussion

Mortgage rates don't normally move that fast after a fed cut. It takes a few months to trickle down.

Steve
Forum: Business, Finance, and Investing 09-14-2007, 02:09 PM
Replies: 21
Views: 20
Posted By SteveOMS
Re: Another Investment Fish Seeks Advice

I wouldn't go too overboard on the Citadel from the get go. This money will be totally Illiquid and untouchable for YEARS by you. I think your a bit young, without a ton of assets to really go heavy...
Forum: Business, Finance, and Investing 09-02-2007, 05:30 PM
Replies: 21
Views: 31
Posted By SteveOMS
Re: Stock Contest for class

You could also play the double index etfs or the inverse double etfs for some leverage. http://www.proshares.com/funds

SteveOMS
Forum: Business, Finance, and Investing 08-28-2007, 09:42 AM
Replies: 6
Views: 23
Posted By SteveOMS
Re: Thoughts on LV real estate at this time?

The appraised value from 12 months ago is probably alot higher then a current appraisal would be. Does all the incentives really make up for that? I would doubt it.

Steve
Forum: Business, Finance, and Investing 08-26-2007, 01:16 PM
Replies: 20
Views: 30
Posted By SteveOMS
Re: Evaluate my real estate negotiation in real time!

Well I was still technically right. The 1k is a taxable event that has to be claimed on your returns (with the rest of the sales price), but your allowable deduction claimed on the house will also...
Forum: Business, Finance, and Investing 08-25-2007, 05:18 PM
Replies: 20
Views: 30
Posted By SteveOMS
Re: Evaluate my real estate negotiation in real time!

Kickback of a real estate brokers commission to the selling party is NOT illegal at all. Many companies advertise that in fact even as an incentive. Its just him giving you a discount on his fee....
Forum: Business, Finance, and Investing 08-08-2007, 05:07 PM
Replies: 5
Views: 28
Posted By SteveOMS
Re: 4 unit investment property

This also can't be answered without a rental estimate on the unit you will live in. I'm assuming the 5,800 a month is for the 3 units only, almost 2k a month, but its a big difference if the owners...
Forum: Business, Finance, and Investing 08-03-2007, 01:51 PM
Replies: 37
Views: 27
Posted By SteveOMS
Re: Walk Away From Your House by Jim Cramer

While I'm ok with people who want to ignore JC, but I'd be careful picking up sub-prime lenders here. Their business model is TOTALLY broken for the most part. They don't have any money to make the...
Forum: Other Other Topics 07-30-2007, 11:34 PM
Replies: 8
Views: 25
Posted By SteveOMS
Re: Any experience with refinishing hardwood floors?

While it is possible to do it yourself, its one of those MONEY WELL SPENT type deals. Its pain in the ass labor, will take you at least double the time of a professional (if you've never done it...
Showing results 1 to 25 of 61

 
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