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  • The Day I Sold Everything [View article]
    1) a bird in the hand is worth two in the bush
    2) I have enough cash to buy an asset but can not afford to own it
    3) I have enough cash flow to own an asset but do not have enough cash to buy it
    4) gain in the market is not real until you make it so by selling but then what can you do with the proceeds after you give the tax man his cut?
    It appears the best one can do is "go with the flow" and manage the best one can:)
    Jul 25, 2014. 04:38 PM | 1 Like Like |Link to Comment
  • Pfizer Announces Plan for Split-Off of Zoetis [View article]
    This "exchange" offer does not appear to make any sense. If Pfizer owns these shares of Zoetis and one owns shares of Pfizer, then the owner of Pfizer shares already include ownership of the Zoetis shares as part of the value of the Pfizer shares. If the Zoetis shares were to be spun off to the owners of Pfizer shares (think ConocoPhillips spinning off Phillips 66) that would make sense. To "exhange" a share of Pfizer for a share of Zoetis would short change the Pfizer shareholder. It does not make sense to trade all of what you already possess for something less of what you already possess!
    Jun 4, 2013. 11:00 PM | 1 Like Like |Link to Comment
  • MLPs - A Reality Check ? [View article]
    hi Reel Ken,
    About my previous comment:
    1) there is no intent to offend on my part
    2) there is no desire to argue or debate on my part
    3) I appreciate your articles on the subject as I try to determine accurate information on this subject for my own benefit
    4) I am serious about this as I have "skin" in the game
    Now, I would like to know - If value(money?) is removed from the universe of taxable values by the IRS IRC via its authorization of IRA accounts, why would all the other regulations contained in the IRC would be of any concern for those values removed? Of course there are always exceptions to every rule. As far as I can determine from reading your articles (and those of others) , the UBTI exposure for those values removed from the universe of taxable values have little to no practical effect. Unless I have missed information in previously published articles, I have seen no documentation to support any serious concern about any adverse effect UBTI would have on values contained in an IRA or Roth IRA.
    Again, I am looking to gain accurate information, not debate, and I greatly appreciate any assistance I might garner in this regard.
    Mar 27, 2013. 02:44 PM | Likes Like |Link to Comment
  • MLPs - A Reality Check ? [View article]
    If all money in is untaxed (IRA) and all money out is taxed at ordinary income rates (IRA), then what does it matter what happens ( all the IRC various section rules) while the value is in the account? None of the IRC rules apply during that time no matter what type of vehicle the value is invested in. The only thing that matters is gain (when value comes out of account). If the value is lost or reduced while in the account, then to that extent no tax will be due (only value out is subject to tax). It appears to me the concern about MLP investments while held in an IRA is a matter of one looking at the forest or being in the trees. In regard to holding in a ROTH IRA, money in has been taxed. Any money out will not be taxed. This will be so until the rules are changed (as it seems they always are) sometime in the future! Are the king's new clothes beautiful or not? :)
    Mar 27, 2013. 10:05 AM | Likes Like |Link to Comment
  • Many Income Stocks Significantly Overvalued At Today's Prices [View article]
    Did I understand you to say AT&T eliminated its dividend in 2000? I hope you are aware that Southwestern Bell re-named itself AT&T after the "original" AT&T went belly up. The current company named AT&T has not ever eliminated its dividend! I would say you need to do better with your knowledge of your subject.
    Jun 19, 2012. 11:13 PM | 4 Likes Like |Link to Comment
  • Credit Card Cancer [View article]

    Our government is taking from the ants to pay for the grasshoppers. If you have saved, your savings value is being rapidly eroded by the current government policies of supplying liquidity in humongous amounts. At the same time there is no return (interest) to be gained from your savings. If you saved rather than borrowed you have not been as wise as those who have lived the life of material excess. Butter before guns is the appropriate philosophy of life. It appears the current political administration is sympathetic to this view and is doing like Geo W and his cronies ... You know, striking while the iron is hot!
    Mar 14, 2009. 09:50 PM | 12 Likes Like |Link to Comment