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  • Ultra-Low-Risk Retirement Strategy For Folks Who've Saved $1 Million  [View article]
    You sir are a hero, good for you!
    May 31, 2014. 07:17 PM | Likes Like |Link to Comment
  • FT: Errors place doubt on Piketty's theory about rising inequality  [View news story]
    My wife and I started our adult lives with nothing, got educations funded in part by student loans, scholarships and money earned while working (while in school and during summers and breaks). Since day 1 of marriage we dug ourselves out of consumer debt, bought and sold a number of homes, received a number of promotions (each), relocated 3 times for work and have saved and invested every paycheck along the way. After about 10 years or so, my wife's mother died, leaving her a smallish estate, which she invested.

    We pay the top rate of income tax for federal and state purposes, putting our rate well above 50% just on income alone, forget property tax, school tax, sales tax, gas tax and every other tax on the books.

    I follow the tax code and pay every tax that we are obligated to pay, but then we also invest our assets in tax advantaged asset classes, because I am fed up with paying for the lazy who don't bother to apply themselves.
    May 25, 2014. 08:51 PM | 8 Likes Like |Link to Comment
  • FT: Errors place doubt on Piketty's theory about rising inequality  [View news story]
    Clearly another alarmist out to sell books that only liberals will bother to read.
    May 25, 2014. 08:37 PM | 4 Likes Like |Link to Comment
  • How Obama's 'MyRA' Plan Will Impact The U.S. Economy  [View article]
    Any idea coming out of the Obama administration is a proven failure. Not worth pursuing.
    May 24, 2014. 06:32 PM | 3 Likes Like |Link to Comment
  • EPA rule on fish kills at plants angers environmentalists, pleases utilities  [View news story]
    The poorest people in the USA generally vote Democrat and therefore they deserve what they get, I hope they are savaged by the democrats they vote for, they deserve to be punished and starve.
    May 20, 2014. 09:03 PM | 11 Likes Like |Link to Comment
  • WSJ: Omnicom, Publicis to call off $35B merger  [View news story]
    Sounds like OMC management finally figured out that doing business with the French was a losing proposition for the Company's shareholders.
    May 8, 2014. 07:59 PM | 1 Like Like |Link to Comment
  • Linn Energy: Learn To Love 'Boring'  [View article]
    J. Stack - my understanding is that should you leave the "problem" to your heirs, they will get a 100% step up in basis when you exit stage left thus completely sheltering the MLP distribution you received during your lifetime from any and all taxation. Not a bad thing at all IMHO
    May 4, 2014. 08:22 PM | Likes Like |Link to Comment
  • Linn Energy: Learn To Love 'Boring'  [View article]
    As I hold my LNCO in my Roth - I don't care whether distributions are a return of capital or a dividend - it doesn't matter at all.
    May 4, 2014. 08:18 PM | 1 Like Like |Link to Comment
  • As An Income-Driven Investor, Here's Why I'm Staying Bullish On Buckeye Partners  [View article]
    I have owned BPL for a number of years, just took a look at my 2013 K1 and that had a loss of about 6x more than I received in distributions, which is the way it always have been.
    Apr 28, 2014. 07:17 PM | Likes Like |Link to Comment
  • Linn Energy: A Closer Look At LinnCo's 'Dividend'  [View article]
    I always enjoy taking the cash today, and they paying capital gains rates rather than ordinary income rates later. What is the big deal?
    Apr 23, 2014. 06:27 PM | Likes Like |Link to Comment
  • Is NuStar Energy A Good Investment?  [View article]
    I own a decent sized position in NS and have been watching this business come back from a poor investment in the asphalt venture.
    Apr 22, 2014. 08:24 PM | 1 Like Like |Link to Comment
  • Enterprise Products Partners Is A Good Pick In The Energy MLPs Sector  [View article]
    How much more can it run? If you are happy with the return you are getting based on the current price, buy more. In the case of EPD, the distribution isn't likely to go lower, it never really has. Buy and hold, and harvest the gold on this one, MMP too. Love them both.
    Apr 17, 2014. 08:32 PM | 1 Like Like |Link to Comment
  • Ultra-Low-Risk Retirement Strategy For Folks Who've Saved $1 Million  [View article]
    For those who have breached the $1m a while ago and still have a ways to go, what is wrong with setting $15m as a target? When I put my taxable, tax deferred, pension and possible inheritance together, it isn't out of the question to shoot for $15m, will i get there? Most likely not, but seems like a worthy goal in my mind.
    Apr 13, 2014. 08:24 PM | Likes Like |Link to Comment
  • Magellan Partners shifts focus to crude oil pipelines  [View news story]
    The partnership's management team is really top notch
    Apr 10, 2014. 04:26 PM | Likes Like |Link to Comment
  • A Kinder Morgan Merger Is Not Feasible  [View article]
    Just take a look at the baseless allegations published by Barrons on LINE. All completely proven wrong.
    Apr 8, 2014. 06:57 PM | Likes Like |Link to Comment