Favorite team:LSU 
Location:Gods Country
Biography:
Interests:Hunting, Drinking, and America
Occupation:Bookie
Number of Posts:217
Registered on:3/22/2011
Online Status:Not Online

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I got the luxury firm and i have the firm in a guest room. The firm is pretty stiff, i find the luxuriate be perfect.
saatva, had one for a year so far and its awesome.

re: MT CFPs - Exam prep question

Posted by BJ titsnbeer on 10/8/15 at 11:13 pm to
I used Dalton and their live prep course. I found it well worth it. The prep was a good bit more difficult than the exam itself. What I worried about using free resources was how dated some of the material is. I don't know how Dalton does it but their information and material was very relevant and very close to the exact exam questions.

Is Ackman right about Herbalife?

Posted by BJ titsnbeer on 9/24/15 at 7:38 pm
Some of you may have noticed from recent articles that the Ackman vs HLF is moving back into the spotlight. Both Sides of the argument seem intriguing. HLF claims that they actually have a market outside of their own reps and Ackman claims that the company is nothing more than a pyramid scheme in which fresh recruits drive sales.

Does Bill Ackman have a valid thesis or is he just trying to save face at this point?

I'd appreciate opinions of those of you who have followed this story as it develops.
Do yourself a favor and read Education of a Value Investor by Guy Spier. It's entertaining and gives you a broader view of investing outside of the balance sheet. I also second The Richest Man in Babylon every person should read it.
If there is no transaction fee once a month would be better. You would net more in dividends and incrementally higher capital gains over the long haul.
I saw that they were asking a little over $10 million for it when it went up for sale a couple months ago.
$2,400 to a 529 for each for the state income tax write-off, as well as the earnings enhancement (assuming you're in LA). You can stash half in a capital one 360 account for liquidity and to add to the kids 529's, college is more expensive than you think. The other half I would open a brokerage account for each and invest it if you truly do not need the money now. Make sure you have quick access to it incase of an emergency or unexpected bills for either of them.
I was the kid that had snakes as pets growing up. I would still like the vast majority of them on fire.
quote:

So there was a lady at BREC Skatepark yelling at Blayson over something stupid, and of course none of us took it seriously at all so this was the outcome.


The parents need to be yelled at, I mean honestly who names their child Blayson?

re: Capital gains tax

Posted by BJ titsnbeer on 12/19/14 at 4:24 pm to
It's a good idea to avoid buying mutual funds around the capital gains distribution dates. If this is about the LGILX shares you hold check out my post in the other thread.

re: Capital gains tax

Posted by BJ titsnbeer on 12/19/14 at 4:17 pm to
You pay taxes on all dividends and capital gains distributions every year. When you sell your shares your basis is adjusted which gives you credit for paying taxes each year.

re: LGILX - down 18% - WTF?!?!?

Posted by BJ titsnbeer on 12/16/14 at 9:48 pm to
If I recall correctly you just purchased this fund. In the future you should avoid purchasing mutual funds near their capital gains distribution dates. for every share of LGILX you own (in a taxable account) you will owe around $.60 in tax on the distributions (15-20% on Long term, 25-39.6% on short term).

Having recently purchased the shares you will owe tax on long term as well as short term gains while you never really earned those gains in your own account.

To illustrate it simply lets say you invested $10k last week and today the fund company paid you back $2500 in capital gains. Your account value may still be $10,000 but you will owe taxes on that $2,500 though you personally didn't realize those gains.

If this was in a tax deferred account you can ignore all of the above.
Put it in Vanguard Wellington and draw monthly off of it. Simple and effective.
GNI is a trust that is set to expire this next year, It will be worthless. Essentially people are paying $23 for what will amount to roughly $15-16 payout. FYI. It has been a stellar short if played right.

re: IRA mutual fund selection

Posted by BJ titsnbeer on 11/30/14 at 4:59 pm to
quote:

Alright, how about PVSCX, ETCGX, PMBCX, and LADCX

These are all 5 star


You do know that the star system is based on past performance right?
Also I would stay away from C shares as someone has stated there is an additional 1% fee that would typically go to an advisor.
Just a heads up the funds sub adviser changed from UBS to Blackrock last year. However the lead manager has been at the fund for a while, but his analyst team is not the same team that has given this fund past outperformance. This isn't to discourage you I just wanted you to keep that in mind.

One more thing, the funds asset base has grown about 13x in the last 4 years. A high turnover fund has the potential to more likely outperform with a small asset base, although the fund is still at a modest $2.2b now it's trading costs as well as its nimbleness will continue to suffer as assets grow.

I hope you find this is helpful.
quote:

LTCG taxes are cheaper than income taxes any way.


LTCG tax rate = qualified dividend tax rate

Additionally if you want to know what a fund is truly yielding based on its holdings you can add the expense ratio to the stated yield. This isn't the yield you will receive but if a fund pays 1.75% in dividends and has an expense ratio of 1.25% the holdings are yielding 3% but the expenses are eating up a large chunk of that.

re: OT Big Wigs and Po' Folks

Posted by BJ titsnbeer on 10/24/14 at 1:19 am to
12 figures when i sold my ebola mask patent to Mark Cuban
dividend & growth =/= dividend growth