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Thread: Boghies Account Talk

  1. #157

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    Unhappy We Ain't Got No Asset, But We Have Debt!!!

    Zuckerman/Ferguson/Roubini TV
    By Paul Kedrosky · Monday, July 27, 2009

    While it sounds like the preamble to a joke -- an economist, a historian and a billionaire walk onto a TV set … -- this CNN segment with Niall Ferguson, Nouriel Roubini, and Mort Zuckerman is worth a watch.

    Naill Ferguson,

    The developed countries weath assets are now at a level equal to 1989, but we still have our 2009 level debt!!!

    Yea!!!
    Lookin' up at the 'G Fund'!!!

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  3. #158

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    Cool Is there anybody out there, anybody at all

    Well, who would have thunk...

    The Feds are trying to sell a mere $100+ Billion in bonds each and every month...

    Never would have guessed that demand would soften...

    It will get better, just click your heals.
    Lookin' up at the 'G Fund'!!!

  4.  
  5. #159

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    Mar 2006
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    Smile Re: Boghies Account Talk

    Too Funny,

    The 'I Fund Nine' swooped right over me today in the Member Ranking

    I smell their putrid breath,
    I cringe beneath their hooves,
    The Nine Nazgûl ride now, ride forever!
    Lookin' up at the 'G Fund'!!!

  6.  
  7. #160

    Join Date
    Dec 2007
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    inland Northwest
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    4,124

    Default Re: Boghies Account Talk

    , keerful, Gollem is sneaking around the edges of the firelight too.
    "life can only be understood backwards, but it must be lived forwards" - soren kierkegaard

  8.  
  9. #161

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    Default Breakin' Bad...

    Time to watch out for the big one
    I will ride this bull for a while - eyes wide open all the way...

    Now, surprise, we see the the Federal Tax revenue plummeting by the largest percentage since ... The Great Depression...

    There are multiple factors:
    1. The Recession
    2. Adjustments people and corporations are making for tax management.

    How many of you want your dividends taxed as ordinary income next year? None. Do you want the companies you invest in (C/S/I) to pay dividends if they are taxed higher? Nope. Guess what, companies will have their accountants move their pencil to another column to mitigate dividends taxation – thus, corporate profits will miraculously decrease. See Chevron. We not want them.

    The dividend and capital gains tax treatment will change behavior for the long term. It may extend the recession as well.

    But, we voted for Change.
    And, Hope too
    Lookin' up at the 'G Fund'!!!

  10.  
  11. #162

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    Gainesville, Florida, USA
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    Default Re: Boghies Account Talk

    If Obama only had some experience he wouldn't pis* into the wind. The smartest thing he could do would be to cancel taxes on capital gains and dividends for a two year period - but his people are not that smart.


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  13. #163

    Default Re: Breakin' Bad...

    Quote Originally Posted by Boghie View Post
    ...But, we voted for Change.
    And, Hope too
    Too bad so many people have no hope of getting a job soon and are out on the street begging people for their spare change!
    God bless the United States of America!

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  15. #164

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    Cool Gold Bugs – Let Me Show You Something You Can’t Ignore…

    Gold Bugs and REITmen are righteously angry over the inability to hold these assets in their TSP accounts. Most financial advisors concur. Oh well…

    But, there is a whispering campaign on a technique to do this.
    Listen carefully folks.
    Here it goes:

    “‘Just borrow $50K from your TSP account and buy the glittering gewgaws off EBAY and stick it in a safe deposit box. Nothing like the feel of gold streaming between one’s fingers. Clink, clank, swoosh”

    The brilliance of such a move is astounding.
    • The current interest rate is 3%
    • Since it is a loan it is a non-taxable event.
    • And, you can pay it back over a five year timeframe.


    Folks, this is a loser. Basic math proves this point:
    1. Gold Bugs and REITmen pay high fees
    2. You pay the money back with AFTER TAX money.
    3. You are buying the ‘G Fund’ and paying the interest return.


    When I purchased small amounts of gold in the mid-90’s at $250/oz I actually paid $280/oz. Yup, a hefty 12% commission. Why? Because the chap selling it to me has to cover his potential trading costs. Not only that, but I think when I sell my Dragon’s Hoard I will also pay a large commission for the same reason. So, me thinks I will have to clear at least 20% just to break even. Maybe the bigger dragons can do a bit better, but I think high fees are simply part of the game. REIT funds aren’t as bad, but they do have much higher fees than anything available in the TSP family. Not such a good deal.

    Now, let us look at the tax implications. You and your significant other’s income (or your eukanuba dog show Pekingese champion’s income!) places you in the 25% Federal tax bracket (this year, next year it will be at least 28%) and 10% California State tax bracket. That is pretty middle class – at least in California. Now – assuming you borrowed $50K to buy gold and are planning to pay it back over 5 years – you have a $900/month payment for five years. That $900/month is a bill in the mail that you pay from the net on your paycheck. That payment actually costs you $1,215 a month in equivalent funding of TSP. Not such a good deal.

    Finally, you get the honor of paying yourself back in the least aggressive fund in TSP while simultaneously providing the interest to yourself. What a deal. Lock a hole in your allocation of $50K for five years earning 3%+ that you get the honor of paying. Not such a good deal.

    How are you going to cover the following fees:
    • The 20% commission,
    • The 35% tax fee,
    • And, earning a -3% return on $50K over 5 years

    It is a loser move. Such transactions should only be done in an emergency. There are other huge negatives. 1. That $50K hole initially has no potential earnings and only slowly grows, 2. You are locked into Federal Service for the 5 years unless you can pay it back in full, 3. Anyone think the interest rate on the ‘G Fund’ will stick at 3% in times of inflation – your very own Alt-A payment plan, and 4. You have reduced your monthly cash flow by $900 very expensive dollars.

    I do agree that the FEDS should aggressively seek commodity and REIT funds to help us asset allocate in a pre-tax low-fee environment. Maybe our new brokerage (BlackRock – a famous hedge fund; yuk, yuk) will offer those options.
    Lookin' up at the 'G Fund'!!!

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  17. #165

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    Default Re: Boghies Account Talk

    I have fifteen 1 oz. gold coins minted in 1980 - they are U.S. mint gold coins. Remember the Grant Woods and Louis Armstrongs - they are simply beautiful. Actually have a small profit in them now but I suspect the numismatic value is greater to a collector because they are rare - not that many sold. If I recall I may have purchased them through Drexel Lambert.

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  19. #166

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    Unhappy That 'G Fund' Raid Thang...

    It's coming folks.

    In a month or two the Gubmint has to raise its own debt ceiling. The ever brilliant Geithner claims that Congress has never refused to raise the ceiling. That is incorrect.

    Twice during the Bush Presidency the Congress slow rolled the call to ChinaBank to raise their credit card limit. Posing and Posturing. Will it be different this year.

    Anyway, a slow roll will force the Treasury to 'borrow' assets from your 'G Fund' to tide them over till they sign some stupid paper.

    If I were the Chinese I would ask someone with some assets to co-sign the papers
    Lookin' up at the 'G Fund'!!!

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  21. #167

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    Smile ReAllocating...

    Folks,

    Reviewing the board seems to indicate that the smart foliks believe a rebounding buck will affect foreign holdings. Who am I to argue with them.

    Regardless, I was going to adjust to a 'Strong Bull Market Allocation' anyway. And, thus away from a pure speculative All-In Bull Market Allocation. Kinda odd for me to be all in all the time. A bit too much risk for the reward. But, that extra 17% of assets in C/S/I has sure been tasty. Yummmmyyyyyy

    Anyway:
    G Fund: 2%
    F Fund: 13%
    C Fund: 50%
    S Fund: 20%
    I Fund: 15%

    Lookin' up at the 'G Fund'!!!

  22.  
  23. #168

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    Wink Deficit Talk...

    The monthly deficit - July 2009: $181 Billion
    The annual deficit - Fiscal Year 2007: $161 Billion

    I didn't think it could be done

    Hope and Change
    Lookin' up at the 'G Fund'!!!

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