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George Acs  

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  • Getting The New Year Off To A Bad Start [View article]
    Thank you. All in a day's work
    Dec 29, 2013. 09:58 AM | Likes Like |Link to Comment
  • Getting The New Year Off To A Bad Start [View article]
    I'm not certain that Starbucks is really a Consumer Discretionary. It seems to offer a product whose demand is decoupled from price. That's the nice thing in dealing with addictive goods and wares.

    Beyond that, no one knows their company better than Howard Schultz knows Starbucks. When he is resolute in the face of selling pressure after an earnings report is usually the time to double down.
    Dec 28, 2013. 03:41 PM | Likes Like |Link to Comment
  • Getting The New Year Off To A Bad Start [View article]
    Having placed a ceiling on the damages the share price should go up on its own accord. However, as you do rightly suggest there are reasons to think Anadarko might be interesting to others that are seeing their own fields slowly deplete themselves and now know the worst of the liabilities that may be associated with their ownership of Anadarko.
    Dec 28, 2013. 03:37 PM | Likes Like |Link to Comment
  • Getting The New Year Off To A Bad Start [View article]
    Sorry, by "offerings, " I was referring to their products, similar to the previous paragraph regarding Apple.

    I do want to own shares, but have been waiting a long time for them to drop to a level that's much lower than where there are now. In hindsight, that price may have been irrationally low, as my waiting may have also been irrational. I do like shares at their current price which at least is a little lower over the past few weeks.

    Since I routinely use covered calls my sole objective would be to use the shares as a short term vehicle to generate revenue, having done so on 7 occasions in the past 18 months, but only twice in 2013. I'm anxious to do it again and again.
    Dec 28, 2013. 03:09 PM | 1 Like Like |Link to Comment
  • Getting The New Year Off To A Bad Start [View article]
    Thank you.

    The APC news reminded me a bit of Texaco back in the mid-80s when they went bankrupt in order to evade a big portion of the judgment against them for tampering in the Getty Oil purchase.

    However, that judgment, in 2013 dollars dwarfs anything that APC may be on the hook for and I think the issue will continue to be drawn out. You are right that could make them an easier target, especially by XOM. But for me, since I don't really look for the big home run, a sense that the worst is over is sufficient to give me reason to add shares.
    Dec 28, 2013. 02:25 PM | Likes Like |Link to Comment
  • Taking Strategic Tax Losses [View article]
    If I didn't have to do the weekly recycling detail I would be living an entirely responsibility free life. That's all that stands between me and complete freedom. Maybe I should stop getting the printed edition of Seeking Alpha
    Dec 28, 2013. 02:20 PM | 1 Like Like |Link to Comment
  • Getting The New Year Off To A Bad Start [View article]
    Thanks.

    Give credit to the SA editors. They reviewed and published this article in record time, before I had uploaded the file to the server.
    Dec 28, 2013. 01:53 PM | Likes Like |Link to Comment
  • Taking Strategic Tax Losses [View article]
    " I'm just going to have more fun then working for the man."

    That is the perfect sentiment, even if you were "the man."

    Unfortunately, even if you do slow down, most everyone agrees that you will need far more money than you suspected when you decided to retire. Most everyone under-estimates what their expenses will be in retirement.
    Dec 28, 2013. 10:32 AM | Likes Like |Link to Comment
  • Taking Strategic Tax Losses [View article]
    While that is the economic model assumption, that is you will be making less money and , therefore, will be in a lower tax rate, there's no reason why the tax rates won't rise, say to 1980 levels.

    While adjusting the earnings necessary to 2013 dollars in order trigger the 70% tax rate of that year may be the "big income" that you refer to, the 43% tax rate, for example would require only $88,000 in today's dollars, to trigger. Add your social security income, stock profits, dividends and you're easily there and suddenly paying more than the tax rate when the money was added to the account.

    Many people would find that $88,000 might be insufficient to help them maintain a lifestyle in their golden years and would have to supplement their income with retirement withdrawals, not to mention the mandatory withdrawals starting at age 70 1/2

    There is something patently wrong about the idea that you may have to pay more in taxes at a time that your earnings may, in fact, be less and when you deferred the use of the money in previous years on the promise of a lower tax rate in the future.
    Dec 28, 2013. 08:24 AM | Likes Like |Link to Comment
  • Taking Strategic Tax Losses [View article]
    It was a good week, wasn't it? Hopefully ,any more of those to come.

    As far as the rules go, they don't have to change for some of the benefits to be diminished, especially for Traditional IRAs and 401k and 403b plans. A return to the 50% top rate of 1986 or the 70% rate of 1980 might be a problem for those eligible for withdrawals and in the higher tax brackets
    Dec 28, 2013. 01:15 AM | Likes Like |Link to Comment
  • Taking Strategic Tax Losses [View article]
    I do agree that there are reasons to raise glass to the tax code, especially the ability to offset your good fortune with your stupid mistakes.

    As far as deferring tax, for me and my generation that has been a pretty good deal. However, part of the social contract that currently encourages the use of such investment vehicles intended for retirement, are based on the assumption that future tax rates at retirement age will be lower than they were at the time the investment deposits were made into the account.

    Let's hope that continues to be the case.
    Dec 27, 2013. 10:41 PM | Likes Like |Link to Comment
  • Taking Strategic Tax Losses [View article]
    I'm having a hard time getting the image of a Harley riding, elegant silver necklaced rider out of my mind. I may buy Waste Management and Coach to balance out the image.
    Dec 27, 2013. 07:31 PM | 2 Likes Like |Link to Comment
  • Taking Strategic Tax Losses [View article]
    Thank you.

    As difficult as it may be to pay those capital gains taxes, it beats the alternative. It's certainly better than having a ravenous lion outside of your straw hut.

    Good luck getting those short term gains the next two days, but that's not a bad way to artificially reduce the bite.
    Dec 27, 2013. 05:36 PM | Likes Like |Link to Comment
  • Taking Strategic Tax Losses [View article]
    I was in London last September when I had a heart attack and needed a stent.

    The care I received in the NHS hospital was spectacular. If we could emulate their delivery of urgent care in the US, I'm certain that we could also figure out a way to answer critics of their delivery of more routine and elective care.
    Dec 27, 2013. 01:54 PM | 1 Like Like |Link to Comment
  • Taking Strategic Tax Losses [View article]
    The US has 3 day settlement and allows sales for tax purposes up until and including Dec 31, despite theor settling in the next tax year.

    We also rarely put financial pirates into prison.
    Dec 27, 2013. 12:33 PM | Likes Like |Link to Comment
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