Another Guy Named Michael

GOLDEN AGE FOR YOUR GOLDEN YEARS. 💛🇺🇸 The Working Families Tax Cuts have allowed 51 million seniors to keep more of their money by paying NO TAX ON SOCIAL SECURITY.

I’ve spent a decade telling people to do what I do: "Buy and Hold." Now I've decided to list my entire real estate portfolio for sale and walk away. It started slow. The bills, the maintenance, the tax increases... but the final straw was when I tried to develop an ADU to do exactly what the city of LA claims it wants investors like me to do: Create more housing. You'd think they'd make it easier, but after two delayed inspections, a sewer pipe replacement that needed 75 days advance notice, and a city-owned tree that became my responsibility, I'd had enough. The identity of being a real-estate guy is very hard to walk away from, trust me. For a long time, I stayed just because real estate was my "thing." It’s how I started. It’s what I’m known for. It led to every good thing in my life. But that blinded me to the fact that just because something served me in the past, it doesn't mean things haven't changed in the present. The reality of 2026 finally stripped the emotion away. My LA rentals are netting about 4-5% after the constant background noise of taxes, insurance spikes, and repairs. Meanwhile, a risk-free Treasury pays 5%. The trade-off just doesn't make sense any more. I’m reallocating to a liquid portfolio that actually lets me focus on the work I love. I published a deep dive on my Substack about the ADU nightmare that broke my patience, the exact numbers behind the exit, and where I’m moving the money next to buy back my sanity. I'll drop the link here in a bit.

What is "rich" these days and what is the level of tax that is "pay their fair share"? It seems to be impossible to pin down the Democrats on this. They always just want more. They can never define the level where it stops.

401ks are stupid. "Wow, I can't wait to finally have 600 thousand dollars at age 65 to last me the next 20 years. I'm glad I spent 40 years as a slave."

How should I invest this tomorrow? 🙃