green night
Recycles dryer sheets
- Joined
- Sep 26, 2010
- Messages
- 77
Probably like you, i'm sick of paying taxes ... most of my free time is spent on stock investments ... CNBC, Yahoo FI, ML research, Barrons, etc. I enjoy it because and I think i'm relatively good at it.
Tons of lunches and dinners are spent with a few close friends debating investments, strategies, etc. I write a few emails walking through my strategies for friends and a couple relatives. Some take advantage of the advice and a few are waiting for me to be wrong (again) to remind me.
I have about 1.0MM in retirement accounts through mutual funds and stocks, 500K in a trading account, another 400K in deferred income that will be paid over 10 years after leaving my full time job. I make about $175K, AGI, after everything is accounted for.
My investment expenses are less than $300 per year. I have a home office that I use for my work and investments. I bought a laptop last year ... which i use at least 75% on investing.
I know I can capture the very clean investment expenses (subscriptions) and laptop. Are there more aggressive ways to capture some of the lunches / dinners/ home office, and travel for investment expenses? Note: I don't claim the home office for work, primarily b/c i spend much of my time on personal investment. Been always worried about a red flag ...
So, the question is if I have $2MM that i spend a ton of time trying to manage, how can capture more related expenses? Can one start a company to capture the related expenses? Anyone have any experience with this type of thing?
Tons of lunches and dinners are spent with a few close friends debating investments, strategies, etc. I write a few emails walking through my strategies for friends and a couple relatives. Some take advantage of the advice and a few are waiting for me to be wrong (again) to remind me.
I have about 1.0MM in retirement accounts through mutual funds and stocks, 500K in a trading account, another 400K in deferred income that will be paid over 10 years after leaving my full time job. I make about $175K, AGI, after everything is accounted for.
My investment expenses are less than $300 per year. I have a home office that I use for my work and investments. I bought a laptop last year ... which i use at least 75% on investing.
I know I can capture the very clean investment expenses (subscriptions) and laptop. Are there more aggressive ways to capture some of the lunches / dinners/ home office, and travel for investment expenses? Note: I don't claim the home office for work, primarily b/c i spend much of my time on personal investment. Been always worried about a red flag ...
So, the question is if I have $2MM that i spend a ton of time trying to manage, how can capture more related expenses? Can one start a company to capture the related expenses? Anyone have any experience with this type of thing?