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SpeakUp

River Forest, IL

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#228
May 13, 2013
 

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Whoopee wrote:
Do u think you are changing the world talking on here?
You noticed it....didn't you or are you Casper the Friendly Ghost? I hate to say this, but, others aren't joining the conversation because.....they know zero pretty much about what we're discusisng. Would you like to join in? You're very welcome to. Or, you can continue talking about "loop wholes". ha
SpeakUp

River Forest, IL

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#229
May 13, 2013
 

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See what I mean LOL? Here they come with something smart. The fair thing to do is.....reciprocate.
LOL

London, KY

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#230
May 14, 2013
 

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SpeakUp wrote:
<quoted text>
I thought you had indicated you lived in London? So how is it you didn't find it in London? Better not let some of these people know you were in Frisco. They'll be asking you why. lol
Yes, they do deteriorate to that and apparently, both you and I fell victim to that. Yes, there are some intelligent people there. I know alot of people there. I happen to be one that is very stern in what I believe. I'm sure some of the ones on here do as well, but I see some that can't hold a conversation without calling the President names and blame him for every bowel movement. You and I both know what this President inherited and we both know he and the former President sit on opposite sides of the spectrum on average. And we both know that overall, the South would vote for a snake before they would a black man. I believe we both also know what happens when upper income pay lower rates. The govt. indeed gets more revenue (and they blame the Democrats for big government). The govt. isn't where some of this revenue needs to be directed. It needs directed into the marketplace....people and market, which would allow open circulation without so much govt. interference. Tell me yourself. What in the name of God did they do with their highest taxcut in history for 12 years? I need you to help me answer that. I think you know that answer. The more some of these morons plead the wealthy's case, the wider the gap becomes.
Yep, I know the wall ones act as t.v.'s also. But isn't that the best one to watch the numbers roll on? ha
City Forums have alot more to talk about than politics. This city's politics make me crazy anyway. It's the blind blaming the blind.
I do live in London. I had a Politix account and still do. I like to participate in the polls and see what people think. It's all about prediction. I had never been on Topix and thought it was just a local forum. I was in San Francisco when I got an e-mail from a person who thought a good friend had been killed in a car accident. I wanted to find out more and he messaged me to get on Topix. That's how I found it. It's still the best way to find out about a local accident.

I was only there for a day. I didn't get to see any of the local flavor.

Obama is a smart guy. No doubt about that. If he had 16 years like Roosevelt he might get a lot done. As it is, there isn't enough money for what he wants to do. Most presidents try to leave leave a lasting legacy and provide a way for their work to be completed. Most new presidents have new ideas. Everybody blames the president but there are lots of factors.

What did they do with the tax cut? Some of it trickled down. Some hit the market. From what I saw, most was hoarded or invested somewhere other than the U.S. where it is generally more lucrative. And now we have liquidity lock due to artificially low interest rates and too much money in the money supply which is being restrained artificially. So when does hyperinflation hit? Precious metal markets indicate not soon, but it seems it would have too. If not, the Fed is better than I thought.
LOL

London, KY

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#231
May 14, 2013
 

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SpeakUp wrote:
See what I mean LOL? Here they come with something smart. The fair thing to do is.....reciprocate.
Pour it to them. But don't be too hard. According to Topix they're from Jackson County. Then again, Topix puts me in a different place every time I reboot.
SpeakUp

River Forest, IL

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#232
May 14, 2013
 

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LOL wrote:
<quoted text>
I do live in London. I had a Politix account and still do. I like to participate in the polls and see what people think. It's all about prediction. I had never been on Topix and thought it was just a local forum. I was in San Francisco when I got an e-mail from a person who thought a good friend had been killed in a car accident. I wanted to find out more and he messaged me to get on Topix. That's how I found it. It's still the best way to find out about a local accident.
I was only there for a day. I didn't get to see any of the local flavor.
Obama is a smart guy. No doubt about that. If he had 16 years like Roosevelt he might get a lot done. As it is, there isn't enough money for what he wants to do. Most presidents try to leave leave a lasting legacy and provide a way for their work to be completed. Most new presidents have new ideas. Everybody blames the president but there are lots of factors.
What did they do with the tax cut? Some of it trickled down. Some hit the market. From what I saw, most was hoarded or invested somewhere other than the U.S. where it is generally more lucrative. And now we have liquidity lock due to artificially low interest rates and too much money in the money supply which is being restrained artificially. So when does hyperinflation hit? Precious metal markets indicate not soon, but it seems it would have too. If not, the Fed is better than I thought.
LOL, it appears we think more parallel than we even realize ourselves. I get the part where "most was hoarded or invested other than the U.S.......". Herein was a huge problem. GWB clearly gave that taxcut "supposedly" to help create jobs. It clearly did not. One would think it would be an excellent time to invest in old and new business, because money certainly isn't doing any good on the sidelines, but I'm sure alot of it is in the stock market playing the "exchange of paper" routine. What I am concerned about is, once the interest rate does start moving and money moves out of the market, what it then will do to the market and people who hold retirement monies there.

Look at Apple today huh? Attributable to little but sell offs.

I so agree with your comparison of Obama to Roosevelt, which I have done several times. This President has addressed more crucial issues than any since and yes, I also agree if he had the time, he'd equal or exceed Roosevelt. I will predict he'll go down in history comparatively to a Roosevelt. And ditto on the fact, he is blamed for every breath taken, while in fact, 95% of it was handed down to him on a rusty platter. Talk about the perfect storm hitting a new President. That indeed happened.

I truly believe, between the Republicans and Democrats, they could reach more amicable results if the conservatives weren't so involved. This is just a new militia that thinks it's going to turn the government on it's head on a dime. The only thing they are going to accomplish is, creating so much unecessary upheaval during the worst of times, that they'll cause the beginning of our end. Our country is fragile still and being radical as they are, it's not good.
SpeakUp

River Forest, IL

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#233
May 14, 2013
 

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LOL wrote:
<quoted text>
Pour it to them. But don't be too hard. According to Topix they're from Jackson County. Then again, Topix puts me in a different place every time I reboot.
Then that explains it. lol

All some of us want to do is have some logical discussion on issues, but some simply can't cut the cake. They do get the icing part. ha You're actually one of the few I've found on here that has an ounce of gray matter. It's such a welcome change. If I had to surround myself with that hour by hour, I think I'd have to actually hit speed dial for the rubber room. lol

I love intelligent answers or comments, for example...I was talking to a Broker one day and he said "did you buy FB on it's IPO"? I said "yes, I did (sheepishly. ha)". I said "did you"? He said "No". I said "what happened". He replied it was the Hedgers who drove it up, but wound up losing themselves. He also said "but, that's ok...it's a good long term hold". End of story! Realistically, I only bought a few shares only. I have to admit, I'm not the best stock picker in the field. ha I do alot of "gut" stuff and my gut isn't always right. lol Factually, if you followed me around, you could pick up on some good prices! Because they drop as soon as I buy them. ha ha I don't do what you do. I just happen to know mega ones that do. But am one that has to figure out the results of it all. But I did make a good call on Google moons ago and if I'd taken my own advice, I'd be basking in the Bahamas right now.
Whoopee

Annville, KY

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#234
May 14, 2013
 

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LOL wrote:
<quoted text>
Pour it to them. But don't be too hard. According to Topix they're from Jackson County. Then again, Topix puts me in a different place every time I reboot.
Really?? Do you actually think you're that far away and it makes you more intelligent? Maybe you are book smart, but looking down your nose at others leaves a little to be desired. Speak-up, on the other hand, always talks down to people.
SpeakUp

River Forest, IL

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#235
May 14, 2013
 

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Whoopee wrote:
<quoted text>
Really?? Do you actually think you're that far away and it makes you more intelligent? Maybe you are book smart, but looking down your nose at others leaves a little to be desired. Speak-up, on the other hand, always talks down to people.
I'll let LOL address this of course, but sometimes it's how you perceive things to be. If you're wearing your personality on your shirt sleeve, then this is what you would perceive. If you are sarcastic with me, you'll get the same thing back. If you show respect, you'll get respect. I do agree that LOL is a sharp cookie, but I doubt either of us "look down our nose" at anyone. Frankly, I don't even know how that works?

Now, do you have something nice to post? If so, we're on it.
LOL

London, KY

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#236
May 15, 2013
 
SpeakUp wrote:
<quoted text>
Then that explains it. lol
All some of us want to do is have some logical discussion on issues, but some simply can't cut the cake. They do get the icing part. ha You're actually one of the few I've found on here that has an ounce of gray matter. It's such a welcome change. If I had to surround myself with that hour by hour, I think I'd have to actually hit speed dial for the rubber room. lol
I love intelligent answers or comments, for example...I was talking to a Broker one day and he said "did you buy FB on it's IPO"? I said "yes, I did (sheepishly. ha)". I said "did you"? He said "No". I said "what happened". He replied it was the Hedgers who drove it up, but wound up losing themselves. He also said "but, that's ok...it's a good long term hold". End of story! Realistically, I only bought a few shares only. I have to admit, I'm not the best stock picker in the field. ha I do alot of "gut" stuff and my gut isn't always right. lol Factually, if you followed me around, you could pick up on some good prices! Because they drop as soon as I buy them. ha ha I don't do what you do. I just happen to know mega ones that do. But am one that has to figure out the results of it all. But I did make a good call on Google moons ago and if I'd taken my own advice, I'd be basking in the Bahamas right now.
IPO's carry a loser's curse. If they're good, you can't get them and if you can, they're no good. I've rarely gotten in on a good one, but the few I have were very good. So, it's worth the risk as long as you've evaluated it. Lots of people believe that the riskier a stock is the more it will return using the "risk and reward" theory. Somehow, they fail to see the other side of the risk. Several years ago, I did a few seminars on risk, but I found all people really wanted were stock tips. I don't give stock tips, and it's not because I don't want anybody to make money. It's simply that I will bear whatever risk I choose but I want advise someone else to do it.
LOL

London, KY

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#237
May 15, 2013
 
Whoopee wrote:
<quoted text>
Really?? Do you actually think you're that far away and it makes you more intelligent? Maybe you are book smart, but looking down your nose at others leaves a little to be desired. Speak-up, on the other hand, always talks down to people.
No, it's not the location or "book larnin'" that does it. Natural selection is more likely the culprit. I guess, you just need to learn not to attack people.
SpeakUp

River Forest, IL

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#238
May 16, 2013
 
LOL wrote:
<quoted text>
No, it's not the location or "book larnin'" that does it. Natural selection is more likely the culprit. I guess, you just need to learn not to attack people.
LOL, I still can't get the "lookin' down your nose" thing. I'm not sure that accomplishes anything, do you?
SpeakUp

River Forest, IL

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#239
May 16, 2013
 
LOL wrote:
<quoted text>
IPO's carry a loser's curse. If they're good, you can't get them and if you can, they're no good. I've rarely gotten in on a good one, but the few I have were very good. So, it's worth the risk as long as you've evaluated it. Lots of people believe that the riskier a stock is the more it will return using the "risk and reward" theory. Somehow, they fail to see the other side of the risk. Several years ago, I did a few seminars on risk, but I found all people really wanted were stock tips. I don't give stock tips, and it's not because I don't want anybody to make money. It's simply that I will bear whatever risk I choose but I want advise someone else to do it.
I guess it's a good thing I'm not in the position to give advise in that category, because I've seldom had luck with stock. I admit my weak spots and that just happens to be one for some reason. And indeed , risk has no guarantee. That's why they call it risk. I think also part of a risk process might be to be sure you have another capital investment that you're sure you'll see profit on to offset loss that may be incurred on the risk factor. I see some taking major losses to their graves, and, I've seen smarter ones that later sell off another profitable business investment to net and come out smelling like a rose.

It's like some are so ansy to get property out of an older person's name, that they work out a "gift" rather than inheriting. Little do they know they then absorb the donor's cost basis vs inheriting at FMV on death (stepped up basis).

You always have to be looking ahead. Short term thinkers usually always wind up with their pants down.
LOL

London, KY

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#240
May 16, 2013
 
A friend of mine, a single child, asked my advice about his dying father wanting to "gift" everything to him before he died. I told him not to do it. The majority of the property was real estate holdings. He took it anyway. He got a nasty surprise when he sold it. His accountant had told him he could use the FMV at the date of death even if it was gifted. I told him it didn't work that way and he told me I was not a tax accountant, which I'm not. I figured I did my part. He comes to my house and tells me of his woes ever so often. I tell him it's only money. Seems to kind of make him mad sometimes.

No, I don't look down my nose at anybody. I really don't think I could. Too many memories of where I've been and no promise I won't be there again. I do have a problem with those who refuse to help themselves, but I still don't look down my nose at them.
SpeakUp

River Forest, IL

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#241
May 16, 2013
 
LOL wrote:
A friend of mine, a single child, asked my advice about his dying father wanting to "gift" everything to him before he died. I told him not to do it. The majority of the property was real estate holdings. He took it anyway. He got a nasty surprise when he sold it. His accountant had told him he could use the FMV at the date of death even if it was gifted. I told him it didn't work that way and he told me I was not a tax accountant, which I'm not. I figured I did my part. He comes to my house and tells me of his woes ever so often. I tell him it's only money. Seems to kind of make him mad sometimes.
No, I don't look down my nose at anybody. I really don't think I could. Too many memories of where I've been and no promise I won't be there again. I do have a problem with those who refuse to help themselves, but I still don't look down my nose at them.
I can imagine that one, LOL, but you were right regardless. That must have been a terrible predicament for your friend. What I really feel terrible about is that someone like him pays to get professional advice, and don't. I, to the contrary, am annually humbled by the following I have. Without clients, professionals wouldn't have a job. I am annually humbled. This is an example of how everyone works together as a team. We all need each other in some form or the other. I'm like you. No matter where I am, I don't forget where I've been or might will be. Thrones aren't difficult to fall from. It can happen to anyone and we must contantly remind ourselves of that.

I don't look down on anyone either. I have a field day with some of these people only because, with some of them, if you make one statement past a 4-letter word, all of a sudden you're a know it all or think you're better. NOT. Since I've been on this Forum, they've had me being everyone from a lawyer to being on welfare. lol I never feel I'm better than anyone, thus why I can't handle certain prejudisms that shine here. I just feel that we, the people, need to work more as a team vs following so much political clout of which none would show up at our doors if we couldn't pay our electric bill. I just feel the majority of what's going on in Washington is a side show and opportunities arise to derail an agenda.
SpeakUp

River Forest, IL

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#242
May 16, 2013
 
LOL wrote:
A friend of mine, a single child, asked my advice about his dying father wanting to "gift" everything to him before he died. I told him not to do it. The majority of the property was real estate holdings. He took it anyway. He got a nasty surprise when he sold it. His accountant had told him he could use the FMV at the date of death even if it was gifted. I told him it didn't work that way and he told me I was not a tax accountant, which I'm not. I figured I did my part. He comes to my house and tells me of his woes ever so often. I tell him it's only money. Seems to kind of make him mad sometimes.
No, I don't look down my nose at anybody. I really don't think I could. Too many memories of where I've been and no promise I won't be there again. I do have a problem with those who refuse to help themselves, but I still don't look down my nose at them.
I've seen that done with stock as well. You know the ropes...same thing. Gift it and you're cooked. Inherit it and you're in good shape. If I ever got into a predicament like that, I'd be scrambling for a like/kind exchange!
LOL

London, KY

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#243
May 18, 2013
 
SpeakUp wrote:
<quoted text>
I can imagine that one, LOL, but you were right regardless. That must have been a terrible predicament for your friend. What I really feel terrible about is that someone like him pays to get professional advice, and don't. I, to the contrary, am annually humbled by the following I have. Without clients, professionals wouldn't have a job. I am annually humbled. This is an example of how everyone works together as a team. We all need each other in some form or the other. I'm like you. No matter where I am, I don't forget where I've been or might will be. Thrones aren't difficult to fall from. It can happen to anyone and we must contantly remind ourselves of that.
I don't look down on anyone either. I have a field day with some of these people only because, with some of them, if you make one statement past a 4-letter word, all of a sudden you're a know it all or think you're better. NOT. Since I've been on this Forum, they've had me being everyone from a lawyer to being on welfare. lol I never feel I'm better than anyone, thus why I can't handle certain prejudisms that shine here. I just feel that we, the people, need to work more as a team vs following so much political clout of which none would show up at our doors if we couldn't pay our electric bill. I just feel the majority of what's going on in Washington is a side show and opportunities arise to derail an agenda.
Yeah, Washington would be funny if it wasn't so serious.
LOL

London, KY

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#244
May 18, 2013
 
SpeakUp wrote:
<quoted text>
I've seen that done with stock as well. You know the ropes...same thing. Gift it and you're cooked. Inherit it and you're in good shape. If I ever got into a predicament like that, I'd be scrambling for a like/kind exchange!
That might work if you want similar property and can find someone to trade with. From what I've seen most people want the cold hard cash.
SpeakUp

River Forest, IL

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#245
May 18, 2013
 
LOL wrote:
<quoted text>
That might work if you want similar property and can find someone to trade with. From what I've seen most people want the cold hard cash.
From my experience, it's been more in beneficiary cases...ones who don't need the money and just let it roll. Talk about a sweet gig for the beneficiary, provided the Estate is under the exemption amount. You see LOL, these are things that some just have no clue about and what I mean by "untaxed" profits feeding through to a beneficiary "in the hands of a new person". The donor has deferred it and in some cases, they've gotten the appreciation from the time of the transfer. So, not only has the govt. lost that revenue, they've also lost the investment return on those monies. And then we sit back and wonder about reasons why we're broke. These exchanges, 15% capital gain for 12 yrs., outsourcing, illegal labor- then we wonder why money goes to money. Well, that one isn't PhD formula wouldn't you sy?
SpeakUp

River Forest, IL

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#246
May 18, 2013
 

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LOL wrote:
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That might work if you want similar property and can find someone to trade with. From what I've seen most people want the cold hard cash.
I knew a person once who bought some farm land @$50,000. Years later, it became prime commercial property - sold for $1M. Multi acres of another property were purchased, gain deferred and one month later, the owner was offered $1M for just a corner lot of that.....enough to pay off the property purchased in the exchange. Is that sweet or what?!

Do you think many on here know the "games people play"? ha

If we win a lottery, we have to pay taxes on the winnings. What should we call a "beneficiary's gold mine"? You try to explain that the appreciation in the aforementioned is money...the same money the donor would have paid tax on had they sold during their lifetime. So no, it's not money that's already been taxed. Not by a long shot. We both know that. If you put money in the bank and earn interest, you pay tax on it. One might consider interest similar to an appreciation factor.

Now excuse me, but this dumb ole' stupid welfare recipient has to take a break! lol I gotta get these bars fixed on my windows and doors. Living in the ghettos is hard for me, but ...it works. lol I'm happy in my own world. ha
SpeakUp

River Forest, IL

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#247
May 18, 2013
 
Oh and I'll make mention, the owner in the deferred exchange turned down the $1M offer.

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