MVP444300

My bad!! Thank you for shrinking it

Interesting investment that someone is going to make a killing on!!! Parking meter revenues are nearly back to pre-pandemic levels. With 61 years to go on the 75-year lease, Chicago Parking Meters LLC has now recouped its entire $1.16 billion investment, plus $502.5 million more. Parking meter deal gets even worse for Chicago taxpayers, audit shows - Chicago Sun-Times (suntimes.com)

Thank you for the recommendation Pupil

By the way, are there any other ways to get around the wash-sale rule? I have a stock that has dropped dramatically since I purchased it but I believe the company has good long term potential. I want to take advantage of the loss while still holding on to the shares at these low prices and in fact I am thinking of buying more. If anyone knows of a way please let me know.

Shoot I didn't even pay attention to the date of the article. I was hoping this article was still correct. Thank you for clarifying

Possible work around to the wash-sale rule- sell a stock in a taxable account at a loss for tax-loss harvesting and then immediately buy it back in an IRA without incurring the wash-sale rule. Does anyone know if this is legit? https://money.cnn.com/2000/12/14/pensions/q_retire_slott/ How do I know this? The IRS informal position from an IRS e-mail response to this very question says so, and based on their explanation I now agree that it can be done and the wash-sale rule does not apply when the stock is bought back in the IRA. � The IRS considers the sale of the stock in your taxable account and the repurchase of it in your IRA "two unrelated transactions." When you buy the stock back in your taxable account you create "basis," which at some point when you later sell that stock, will allow to reduce the gain or claim a loss. When you buy the stock back in your IRA, you do not create basis, because all distributions (other than distributions of nondeductible IRA contributions) from that IRA will be fully taxable regardless of how much the stock was purchased for within the IRA.

Would love to hear your thesis on CRSP?

I watched the ISS fly by the night of the launch. You could actually see the capsule trailing the station as it was preparing to dock. Pretty cool to see. I have watched a number of launches off the coast and watched the rockets coming down to land. It is really awesome to see.

Thank you all for the comments. My employer does contribute a certain amount to what I put in so I will keep the account and transfer money over as it deposited in from my paycheck and what my employer matches. I am planning to contact Fidelity as I already have an account with them. So just to confirm, I can't move 401K over to self managed account?

I have looked at the investment options in my employer's HSA & 401 K plans. The investments offered are limited to a handful of mutual funds that have high fees/high turn over. Do I have the option of moving from the employer selected administrator to another one where I can invest my own funds in individual stocks, bonds, etc like I do in an IRA? I am not getting any answers from my employer's HR or administrator's CSR department. Thanks

Yes mine is duplicating as well.

Yes that is the line they want us to believe. What portion goes to the "less fortunate" as opposed to the military industrial complex or fighting the war on drugs or spying on everyone on the planet or ... The only reason a few exceedingly tiny crumbs are thrown to the less fortunate or used to sure up some of the crumbling infrastructure at all is so that we can keep believing that these things are the raison d'être for their existence. They want us to believe it because it is true. The US has a 3.7 trillion budget. 600 billion goes to defense. 2.5 trillion to human resources (education, training, health, medicare, social security, veterans benefits). For fiscal 2015 defense is expected to decline while human resources spending climbs to 2.7 trillion. Tim for defense I think you should have to include things like stage, intelligence, etc to get a real cost of our foreign policy. DOD $600 Billion DOS $50 billion Intel $50 Billion VA $139 billion I think VA should be included in foreign policy because the larger the overseas adventurism the more VA cost will rise.

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? Rand Paul isn't even half the Libertarian his father is, but in many areas I agree with him, he's far and away better than the Clinton's, Bush's, and other candidates who spend hundred's of thousands of taxpayer's dollars gouging their fat faces on food. The cost of compliance to the tax code is in the hundred of billions of dollars; depending on how you look at it the cost could be more than what the US govt collects in corporate income taxes. The lost opportunity cost is mind boggling. http://www.laffercenter.com/wp-content/uploads/2011/06/2011-Laffer-TaxCodeComplexity.pdf

Most FAs are completely worthless. I have yet to find a good one.

https://www.randpaul.com/rand-pauls-fair-and-flat-tax-op-ed I like his plan; it would help simplify a tax code that cost hundred of billions to comply with and he proposes to do it with previously proposed budget cuts. From article: My tax plan would blow up the tax code and start over. In consultation with some of the top tax experts in the country, including the Heritage Foundation’s Stephen Moore, former presidential candidate Steve Forbes and Reagan economist Arthur Laffer, I devised a 21st-century tax code that would establish a 14.5% flat-rate tax applied equally to all personal income, including wages, salaries, dividends, capital gains, rents and interest. All deductions except for a mortgage and charities would be eliminated. The first $50,000 of income for a family of four would not be taxed. For low-income working families, the plan would retain the earned-income tax credit. I would also apply this uniform 14.5% business-activity tax on all companies—down from as high as nearly 40% for small businesses and 35% for corporations. This tax would be levied on revenues minus allowable expenses, such as the purchase of parts, computers and office equipment. All capital purchases would be immediately expensed, ending complicated depreciation schedules.

Congrads! I've been involved with a new company the last 1 1/2 year. I can tell you its exhausting work. Email sent.

Up 49% for the year, 15 year compounded annual return is 37.5% before taxes since I started investing. Only leverage used was BAC A Warrants when I purchased them in 2012. I have this incredible desire to keep cash on hand for emergencies and to keep my powder dry for good investments so I keep about 20 to 30% in cash.

I didn't propose the Federal government provides health insurance. I proposed they regulate it (instead of the states doing it). That's the only way you have a functioning system where you pay insurance and if you get ill the insurer pays for you. That's how the market should work. The insurer should price in risk, and then be on the hook for it if the risk goes bad for them. But Washington state let the insurer drop me as soon as I became a California resident. This means that in Washington state (not DC), they should offer insurance cheaper to Californians who have moved to western Washington. If you look at the statistics, Californians don't last there long because the climate is grey and cold. Thus, they should find Californians to be of lower risk because the are likely to leave the state at a higher than normal rate. And in California, insurers should be allowed to charge less to rich people. They are sure to flee California at a higher than normal rate. So you see, this is dysfunctional when regulated at the state level. It is nonsensical. Erich I think we agree with each other. :) Your just saying one way and I'm saying it another.

I for one don't want the federal govt providing healthcare to citizens, in fact, I don't want the govt at all involved but there is an argument that the states do have the ability to do so. I think that it is a personal choice whether one has health insurance or not. If a person forgoes homeowner's insurance they can be homeless and then have to get help from family or charity. The same IMO should be true for healthcare. When the govt forces healthcare to be provided to people even in emergency situations they are forcing the doctor's and nurses to provide free service--I think its tantamount to forced labor. If the govt ordered farmers to provide free food, or clothing company to provide free clothing you have slavery. The federal govt under the constitution does have an ability to regulate interstate commerce among the states and other nations. What that means is to make commerce regular. It ultimately means you should be able to purchase health insurance in other states and foreign nations.

No a single payer system would not solve the problem with why healthcare is so expensive. First, in order to have a single payer system the federal govt would have to exceed its authority as it has done numerous times such as the creation of Obamacare, Medicaid, or Medicare. I can not lay my finger on any provision within the constitution that grants the federal govt the authority to provide a single payer system as you're advocating. In fact, I would go as far to say that the govts involvement in the healthcare industry is the primary reason healthcare is so expensive. The govt over the past 50 years have been encouraging a third party payment system to flourish in this nation in which the patient and doctor have been completely removed from cost. The people on Medicare and Medicaid do not give a damn about cost of the healthcare they are receiving because they don't pay for it. The govt even with its encouragement of employer provided private health coverage has created a disconnect between patient and doctor relationship with regard to treatment and more importantly cost. When a person has no concern about what its going to cost them, they are not going to shop for the best price.

The interview with Brian has been posted. Its currently on the main page until another interview is posted. http://www.charlierose.com/

http://online.wsj.com/article/SB10001424127887324034804578348214242291132.html

I remember being on the old msn board reading about the wonderful advice on FFH Leaps and like a fool I ignored it. I have learned a lot over the years reading some very intelligent; well thought out investment/financial advice from many of the board members. Thank you everyone for making this into a world class message board!!! I gotta make it to the board meeting in Toronto one of these days to place some of the board names with the faces--if they'll let me into Canada. lol Sanjeev, to you especially, thank you so much for creating such a wonderful investment community. Thank you for being so kind with your time, knowledge, and ideas that you have shared with us over the years!

http://www.marketfolly.com/2013/02/notes-from-charlie-mungers-daily.html Here are more notes I found on this website.

Mine too, I love to see a good fight. lol