Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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Getting together for a lunch would be enjoyable, so sure! Merry Christmas to you, James!
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
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#17
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Happy Holidays Coach!
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
#18
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The Stock Market has changed. Large investments are index fund types that buy all stocks. So when a computer gets a sell indication (ALL STOCKS ARE BEING SOLD.) Everything goes down. Everything. And it is sold before you can sell.
Exxon will always pay a dividend(now 6%) (and first $72,000 of dividends are tax free) as long as oil is over $40.00 a Barrel. Can you ever see oil below this as the government squeezes the very substance everything is made from. |
#19
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A few fairly random thoughts Everything made from oil is becoming more fuel efficient. My 2011 Camry got about 32mpg. My new one close to 40. Until the range of electric cars gets to over 400 miles think the demand will be limited. As a result not sure people will be willing to pay the price and suffer the inconvenience of electric cars. Not to mention where will the rare earth metals needed for them come from? Can see a scenario where price of oil does drop just no idea how far. May not do as well as some "funds discussed here" but my basket of mutual funds has done quite well for us over the years. The funds favored by Kiplingers are a good starting point for investing. |
#20
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CoachKandSportsguy....Please Reconsider comment Dividend Stocks are low growth.
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Bill Ackman: Bill Ackman, an activist investor mentored by Warren Buffett, is the billionaire fund-manager of Pershing Square Holdings. His fund has outperformed the S&P 500 as well as his mentor’s Berkshire Hathaway (NYSE:BRK_B) in the last three years. More notably, over half (roughly 60%) of its portfolio holdings are invested in dividend stocks. Outside of dividend investments, Ackman is famous for his successful takeovers of Canadian Pacific, Fortune Brands and Allergan. These victories as an activist investor gave him billions of dollars in profits, allowing for more aggressive reinvestment in stable, dividend-paying equities. I am still hoping for a Lunch invitation with you guys. Merry Christmas |
#21
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No.. I am not selling to avoid perhaps higher taxes in the future. If you have CORE holdings in taxable accounts that have gains, I see no reason to "anticipate" what our lawmakers are fumbling with .. Not to mention that, from an investment perspective, it makes no sense. My adage is never pay taxes today on what you can defer until tomorrow or the next day. If you don't sell, you dont pay taxes.
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#22
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However, your thesis is only tax avoidance optimal, and not necessarily wealth optimization. Wealth optimization should include harvesting gains when the investment valuation is maximized, and the future potential gains are near zero or negative, or the investment horizon is shortening quickly. There are plenty of studies/analysis for harvesting gains and paying taxes for long term wealth maximization. The key to remember is that tax payments increase as success increases. The more successful you are, the more you may have to pay in taxes for the next investment opportunity to continue being successful. Being successful is the key, tax avoidance is generally a secondary goal or necessary byproduct at times. But everyone has their own strategy, and many investment strategies work, until they don't. And passive index funds will work, until they don't. Why, because all finance theories don't scale linearly forever. There are always growth limits, coupled with human error and greed. good luck! we all need it in retirement. |
#23
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Because of a few resolvable nettlesome issues needing to be cleared up closing will be deferred into January, 2022 which gives me some breathing room in some ways. Hopefully the LTCG tax rates will not be increased. As a consequence I am rolling some deductible business expenses into next year. That is a first for me as I have historically tried to obtain every possible deduction I could by year end. lol
The stock market is still near its all time high so I am in no rush to charge in and buy anything just yet but I hate sitting on so much cash which pays me next to nothing while the highest rate of inflation in 39 years rages onward.
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
#24
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#25
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Because my income the year of sale will be subject to the Obamacare 3.8% add on tax on all of my investment income exceeding its threshold. Bottom line is every tax deduction will be worth more to me in 2022 than it will in 2021 so I want to reduce my 2022 AGI as much as possible.
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
#26
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Next year expect to itemize deductions for first time in a number of years so delaying some expenses till next year when they will have more value. |
#27
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Interesting
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#28
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The long-term capital gains tax rates are 0 percent, 15 percent and 20 percent, depending on your income.
I'm at 15%. Not bad considering the return on investments that I am selling. Plus one needs to balance periodically. |
#29
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Nope, finance 24x7 (its a curse), just like thinking about/talking about investment opportunities, as a corporate financial professional, and a continuously aspiring part time trader, equities and options. (ie make some money, lose some money, depends upon the year) One never knows when a topic will uncover a nugget of an investment opportunity. I did work at an institutional financial services data delivery public company back in the late 1990s, pricing out (valuing) financial data and consulting companies as well as programming global earnings forecasts ie the good old days. I can't sell anyone anything, not a registered advisor, no market licenses, I work at a utility company in IT finance and regulatory planning and build financial data marts for financial analysis. I specialize in building corporate financial models for product and service pricing, operational delivery, labor and spending and revenue forecasts, and customer/government bid models. Dabble in macro economic forecasting and market predictive analytics. In order to invest in the future, you must understand all the past relevant influences and changes. And you walter ray: What do like to read/type about and do you have any expertise you can share? |
#30
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the ten year treasury is paying 1.8% and the CPI consumer price index is 7% the return on S&P 500 was down 7%. What to do? Where to hide? Unlike EXPERTS who must claim to know, I can be HONEST-BEATS ME. My investment expertise comes from a comic inside a nickel roll of Bazooka bubble gum. Yup, even then I realized if you INVESTED in the nickel roll rather than the regular penny portions, you were buying at the volume price and got an extra LUMP at N/C. Like your decoder ring, I kept you waiting too long. That wisdom was buy low and sell high. The hard part is knowing when is the low and when is the high. There are many books on that. Sometimes they are right and sometimes they are wrong. Only good news is everyone is not right all the time. To make money you just need to be right more often then you are wrong. |
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