bookie71
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Posts posted by bookie71
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ditto (Thanks)
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Frankly he scares the living hell out of me. IF he didn't preach so much hate and violence it would be different. It scares me to think that someone with his attitude could have their finger on the trigger.
I don't think he would have much effect on the market.
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IF you want dividends then you must pick another stock. Read WEB's letters and you will see that he won't pay dividends.
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With the candidates that are leading in both parties, M (either Micky or Minnie) Mouse looks like a sure winner.
It is really sad.
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Reminds me of the articles being written just before the "tech crash". :)
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Seeing the thread about discounted bonds, made me wonder if any of you had invested in discounted deeds of trust or second mortgages (actually a misnomer as many are first mortgages). We have been doing this in our profit sharing plan for many years (since the early 1980's) and found them very attractive IF you don't get greedy. Our over all yield has averaged about 11% (some higher and some less).
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Forbes and Fortune are good. I never have cared for Business Week. If you have time the Economist is good, but I usually just buy a copy periodically as it really goes into depth on it's articles ( I don't always agree, but the articles are well thought out).
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FYI
LBMH to be taken out at 3.35
https://finance.yahoo.com/news/liberator-medical-holdings-acquired-c-122434482.html
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There is an old saying, "......shutting the gate after the cows are already out". If the terrorists aren't already here, they are stupider than ......
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Remember the old definition of an expert. ex = has been and spurt = drip under pressure plus they are usually from out of town.
The first CPA firm I worked for in the mid 1960's was starting to get into management consulting. The audit staff was told to look for areas that our clients need help with, BUT under no circumstances were we to tell them the simple answer, we were to refer to the consulting group.
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After 10 years governing the Conservatives needed the boot; too arrogant, mean spirited and divisive (coming from a conservative).
The nice thing about "democracies" is that you have a revolution without anyone getting murdered.
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The worse hand is the "pat" hand that is second best. ;D
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Part of the problem is that the value of a BS degree has been watered down so much it is like a high school degree used to be. By making the BS easier to get, it doesn't make it better.
jmho
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Unless you have "basis" (nondeductible contributions) in the IRA you would be taxed on the whole amount.
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'll just write it off as a filler material.
For anyone else in the business: telling old jokes does not improve your reputation.
BUT "plagiarism is the highest form of flattery" ;D
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Interesting. May I ask if you chose to analyze small caps or mega caps?
Small caps, there is too much summarization in the big companies.
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I started "playing' the market about 65 or 66. (One of the stocks that lost big was Solitron Devices)
I woke up and began investing in about 1972. Since I was a CPA felt I should use my area of expertise and do it right. No more stories or catalysts for me.
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Our library will even download many to your phone via the internet, you don't even have to go there.
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If you like history try Truman or 1776 by David McCullough (and read by him). I don't remember who the author is but Lyndon Johnson in the Passage of Power is excellent (about the JFK assassination and LBJ taking over, Civil rights act etc)
If you like westerns there are many Louis Lamour books. Mysteries Tony Hillerman has several.
Almost any book has an audible. I get most of mine from the library.
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How can anyone look at the current tax code and the enormous number of man-hours american citizens and corporations waste complying with it and not think that something drastic needs to be done?
Don't knock the tax code, it helped put 4 kids through college. ;D
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From doing returns, most pay as much in social security plus medicare as in tax, but don't realize it (or's portion + their portion)
General Accounting questions
in General Discussion
Posted
Actually all debit means is "left" and credit means "right". Pacioli (sp?)in the 1700's (he was the first bean counter)used these terms based on the Latin debere and credere.
It probably makes more sense if you take the basic accounting equation:
Assets = Debts + Equity (equity is broken down by retained investment (stock and retained earnings) + (current income - current expenses)
debit = left thus a debit on the left side of the equation Increases
when you go to the other side of the equation a debit decreases (the signs change)
a credit decreases on the left side of the "=" and increases on the left side of the "="
More than you ever wanted to know