October 2018

Dodgers vs. Red Sox

Dodgers - Game 7 Victory National League Champs.jpeg

Dodgers-Game 7 Victory - National League Champs

 

by Michael Velazquez

Anyone who dares put up the argument that baseball is boring clearly did not see (or hear) me screaming in my car when, during a pivotal moment of the decisive game, (Game 7 of the National League Championship) Yasiel Puig hit a 3-run home run to expand on a one run lead.

The sheer poetry of Charlie Steiner’s narrative made me not miss seeing it on TV, I didn't need to after all. To my wife’s dismay, I continued to scream for several minutes on the 405 Freeway. The Milwaukee stadium went from deafening roar to eerie silence. Even though several innings were still to be played, the result had been all but sealed: The Dodgers are in the World Series! Against the Red Sox!

The last time these two teams met in the World Series was 102 years ago, in 1916. Even though Fenway Park, the venerated palace of the game and now the oldest stadium in baseball had been built, because it only had capacity for 35,000, they played the games at the other park in Boston, the home of the Braves, who are now in Atlanta. But that is not the most fun fact.

Making Cents: Temporary Renting of Personal Real Estate Has Many Possible Risks

by John Napolitano CFP®, CPA, MST

US Wealth Management Chairman and CEO

 

Whether it’s called home or room sharing, short term rental arrangements (or whatever the regulators ultimately call it), millions of people have jumped on the bandwagon of either renting or advertising rooms for rent for as short as a single night. This may work wonders for your cash flow if you need extra money, but it also has a set of income tax and risk management considerations that can’t be ignored.

For tax purposes, as soon as you make your home available and start to advertise it, you’re technically converting all or part of it to rental property for tax purposes. What that means is that you’ll have an accounting exercise each year to segregate your expenses to separate those costs incurred towards the rental activity versus those that were for your personal portion of the property.

Telling It All

by Carol Duschinsky

 

“All human beings have three lives: public, private, and secret.” 
― Gabriel García Márquez, Gabriel García Márquez: a
Life

Living in the age of Social Media, - selfies, Facebook, Twitter, Instagram, it seems there are no secrets. The minute you have a thought, an emotion or an event you want to share it and share it with the world. That is what it seems like to me, but I am not one of those. Oh not to say, I am shy. Far from it. There are people on this earth who know everything about me. You would be astounded at the random subjects that come up in my conversations, with my inner circle and the details they know. But that is the catch – I like choosing who knows all about my personal detail. I am just not “Modern”.

It used to be to get a personal glimpse of a life you had to read their diary, or journals, or memoirs. Creating that media was not easy. It is raw, self- examining, time consuming. That is the downside. But it is cathartic, lasting, and intimate. A gift for generations. That is the upside.  Oh how I miss the written words, written notes, pictures in albums of family generations and friends. Social Media seems so fleeting. The new family album is scrolling through a cell phone. Goodbye Kodak.

The Boys of Summer in October

by Michael Velazquez

Dodger Ball_0.jpg

OK, I admit it: I am a Baseball Evangelist and will preach, prod and otherwise develop several arguments defending it as the most perfect sport invented by man.

As I write this the Major League Baseball Playoffs are in full gear. The National Pastime on display. Grown men getting paid millionaire wages, playing a kids game as we watch the drama unfold. Baseball is the original reality TV show. The euphoria of winning and the agony of defeat. Big, muscular dudes crying because they could not drive in that winning run or strike out that batter, or because their team lost and won’t be playing again until next year. Depending on who you are, your position, team depth, age, ability and contract status, you may be with another team, or no team at all if your talents have diminished. Baseball is the original true meritocracy. You can’t fake it, and you can’t hang on. Competition is embraced within each organization vying to outbid 29 other teams for the title of World Series Champion.

Yet, for all of the serious business of professional sports, the universal appeal of baseball internationally has to do with boys (and girls) playing with their friends and imagining the sheer joy of hitting that home run in the bottom of the ninth. I was one of those boys of summer growing up in New Jersey and playing in a park with my friends. There is no feeling quite like hitting that walk-off home run and having your teammates mob you when you cross home plate.

Friendship

by Michael Velazquez

Mike with High School friends in Miami.jpg

Mike with friends from High School in Miami. Years don't matter!

 

We all have friends. Friends at work, friends from high school, friends from college, boyfriends, girlfriends, Facebook friends. In fact I would submit that we are suffering from hyper-inflation and dilution of the concept of friendship.

The standard of friendship, in my mind, someone whom you trust that accepts who you are despite knowing all your warts and defects, maybe even knows some of your secrets, has been over-extended to circles of acquaintances that are undeserving.

If we believe that our friends should earn the moniker, then you have to decide what to do with new prospects. Should you have them fill out an application for friendship? Do a background check? Credit check? Political compatibility? Same religion?

Friendship

by Michael Velazquez

Mike with High School friends in Miami.jpg

Mike with friends from High School in Miami. Years don't matter!

 

We all have friends. Friends at work, friends from high school, friends from college, boyfriends, girlfriends, Facebook friends. In fact I would submit that we are suffering from hyper-inflation and dilution of the concept of friendship.

The standard of friendship, in my mind, someone whom you trust that accepts who you are despite knowing all your warts and defects, maybe even knows some of your secrets, has been over-extended to circles of acquaintances that are undeserving.

If we believe that our friends should earn the moniker, then you have to decide what to do with new prospects. Should you have them fill out an application for friendship? Do a background check? Credit check? Political compatibility? Same religion?

Friendship

by Michael Velazquez

Mike with High School friends in Miami.jpg

Mike with friends from High School in Miami. Years don't matter!

 

We all have friends. Friends at work, friends from high school, friends from college, boyfriends, girlfriends, Facebook friends. In fact I would submit that we are suffering from hyper-inflation and dilution of the concept of friendship.

The standard of friendship, in my mind, someone whom you trust that accepts who you are despite knowing all your warts and defects, maybe even knows some of your secrets, has been over-extended to circles of acquaintances that are undeserving.

If we believe that our friends should earn the moniker, then you have to decide what to do with new prospects. Should you have them fill out an application for friendship? Do a background check? Credit check? Political compatibility? Same religion?