Seeking Alpha

PAUL70

PAUL70
Send Message
View as an RSS Feed
View PAUL70's Comments BY TICKER:
Latest  |  Highest rated
  • Downsizing = Empowerment [View article]
    Larry
    I don't understand your your statement. I retired 19 years ago at 55 years old. With a small pension and portfolio valued at around $350,000. Sense then my income has more then tripled and my portfolio t has done the same. My problem is how do you change an acumulataive way of life after a life time of investing for the future. My idea of spending money on something is buying stock that I like.
    Ps of course my portfolio value and income has changed drastically to the down size at least 3 times in the last 19 years
    Jul 6 06:22 AM | Likes Like |Link to Comment
  • Should you hold MLPs in IRAs or 401(k)s? [View instapost]
    I guess the IRS ARE THE FOOLS & AND THESE OTHER FOLKS ARE THE TAX EXPERTS?
    Jun 17 07:46 PM | Likes Like |Link to Comment
  • This Undervalued Energy Stock Is Worth Buying For Its 9.8% Yield [View article]
    Your "SHOUTING IN TO THE WIND". For some reason people want to believe Nay Sayers instead of facts based on years of experience. I have owned MLPs in my IRA for over 14 years with no trouble. I have been buying and selling them in my IRA also.
    Oct 26 07:49 AM | Likes Like |Link to Comment
  • Should you hold MLPs in IRAs or 401(k)s? [View instapost]
    AMEN
    Apr 7 06:46 AM | 1 Like Like |Link to Comment
  • 6 Undervalued Dividend Stocks With Great Upside Potential [View article]
    no with-holding for Canadian investments in a tax-advantaged account in the USA.
    At leat in my accounts, they don't
    Jan 2 06:08 PM | Likes Like |Link to Comment
  • Master Limited Partnerships And Your IRA [View article]

    Good job of explaining. How could it be any simpler then that?
    Dec 7 05:09 PM | 1 Like Like |Link to Comment
  • Master Limited Partnerships And Your IRA [View article]
    Ditto on I have been doing this for twenty years and NOT ONCE have I seen what you mention. Ordinary income is NOT UBTI

    What I can't understand is when we tell them this stuff do they think were lying?
    Dec 7 05:02 PM | 2 Likes Like |Link to Comment
  • Equity Offering Fuels Growth For NuStar Energy [View article]
    I still think the asphalt business they have added to, is a good idea. Just before its time in this economy! Some day they got to start fixing are crumbling infrastructure in the country. I'm going to add to my NS this morning when the market opens. I to have owned NS for years and what ever it was before .
    Paul
    Dec 7 07:01 AM | Likes Like |Link to Comment
  • SandRidge Permian Trust: High Dividends Provide Short-Term Downside Protection [View article]
    What is all that IRS boggy man stuff.
    If you made an honest mistake. Why would you not pay taxes due, penalties, interests and stamp? I have found that the penalties, interest and stamp. Were worth the learning experience. (most of the time they didn't charge any penalties once they found out it was an honest mistake)
    Over the last 40 year I have been doing my own taxes, while investing in just about everything there is to invest in. I have made mistakes and received those letters. I have called and found out what I did wrong. They have told me what my mistakes were and told me how to correct them. I don't think I should have to pay to pay taxes. I have yet to meet a tax adviser that knows anything about MLPs. Because the tax payer does not know anything about taxes on his own investments. They can do what ever they want. There main concern is not getting one of those letters so they can tell you they have not ever been checked by the IRS. They are willing to pay more of your money to avoid those letters. "Because you don't know the difference".
    Nov 26 04:23 PM | 1 Like Like |Link to Comment
  • Investor Guide To The Super Committee Failure [View article]
    I love the way the Republicans fat cats, leave out part of the sentence when they say the democrats want to raise taxes. Instead of saying the democrats want to raise taxes on the top 2% of the income earners.
    Those earning over $1,000,000 and paying less taxes then a middle class wage earner.
    Nov 23 10:38 AM | 3 Likes Like |Link to Comment
  • What I Look For When Selecting MLPs [View article]
    I keep wondering, where, all these people were in 2008, when my net worth decreased by 40%? when, we were standing on the abyss, "and leaning over". People were taking any money out of the bank that wasn't insured by the government and we didn't know how many pennies a dollar was going to be worth, in are money markets.
    One year later 2009 my net worth had increased by 83.8%
    Two years later my net, worth from 2008, had increased by 131%
    So far this year the gain from 2008 is 122%
    The "business-loving" Republicans" want to put thinks back the way they were before 2008.
    I admit that I'm not very smart, but even I sense there was something wrong about the way thinks were before 2008.
    I suppose if I was a member of the ultra rich club I would understand.?
    Nov 12 12:19 PM | 1 Like Like |Link to Comment
  • What I Look For When Selecting MLPs [View article]
    Don't forget all the major businesses are in better shape then they have been in years.
    Nov 11 03:30 PM | Likes Like |Link to Comment
  • Dividend Champions: Focus on Master Limited Partnerships (MLPs) [View article]
    I sure wish I could delete "THe WRONG COMMENT" i made where I say
    I'm confused
    sales proceeds $75
    purchase amont $50
    Adjustments to basic $15 < (It should be $-15)
    adjusted to basis on purchase amount $65 < (It should $35)
    Total gain $10 < (It should be $40)
    sorry I took up so much space

    The shot or long term gain loss will be $10<(It should be$40)
    If you ment ordinay gain and not cumulative adjustment basis it would still be $10 short or long term gain <(should be $40)
    Mar 6 05:31 AM | Likes Like |Link to Comment
  • Dividend Champions: Focus on Master Limited Partnerships (MLPs) [View article]
    I'm confused
    sales proceeds $75
    purchase amont $50
    Adjustments to basic $-15
    adjusted to basis on purchase amount $35
    Total gain $40


    If you ment ordinary
    gain and not cumulative adjustment basis it would
    be $10 long term gain
    $15 ordinary gain (taxed at your ordinary income)
    I'm sure I could be wrong on this but it is the only way see it.
    I ran it through turbo tax an thats what I got
    I edited this so many time I don't know what is going to come up.
    Mar 5 11:31 PM | Likes Like |Link to Comment
  • Dividend Champions: Focus on Master Limited Partnerships (MLPs) [View article]
    I'm confused
    sales proceeds $75
    purchase amont $50
    Adjustments to basic $15
    adjusted to basis on purchase amount $65
    Total gain $10


    The shot or long term gain loss will be $10
    If you ment ordinay gain and not cumulative adjustment basis it would still be $10 short or long term gain
    Mar 5 09:46 PM | 1 Like Like |Link to Comment
COMMENTS STATS
21 Comments
17 Likes