Finance/Game Blog
- Thread starter WestCoast
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I handed the admin rights to everyone, it's just a login, so all of it will be user the same name (also better for privacy).
The mindset stuff and 50% of game is more my writing. For the larger section by section stuff we just send emails.
If you have ?'s feel free to ask. I keep forgetting to pm you to go out and slay hopefully soon enough slayer!
Wish I had time to run everything solo, the street just doesn't allow that much time, hence why most of my posts here are also mobile. Oh well
The mindset stuff and 50% of game is more my writing. For the larger section by section stuff we just send emails.
If you have ?'s feel free to ask. I keep forgetting to pm you to go out and slay hopefully soon enough slayer!
Wish I had time to run everything solo, the street just doesn't allow that much time, hence why most of my posts here are also mobile. Oh well
Can you write about what to do if Romeny/Obama win the election? I know Romney want to tax that ass if you arent super rich, Obama wants to protect the milddle class but neither has proven a way to make up for rising cost of medicare without taxing.
How can I protect my money? Only thing I know of is if Romney wins look into dividends and capital gains stuff, if obama wins avoid since he's going to tax it.
How can I protect my money? Only thing I know of is if Romney wins look into dividends and capital gains stuff, if obama wins avoid since he's going to tax it.
BostonBMW
Kingfisher
Great blog Westcoast, I've bookmarked it.
I know that you might not want to talk about tax avoidance strategies/edge of legality type of financial transactions,but it would be nice if you could point me towards any resources. Stuff like:
This cat told me that he declared all of his Business School expenses to be part of his "training/career development" therefore he was able to avoid paying any federal taxes. Even though he had quit his job to start the MBA program full time, he has cashed out his 401K, IRA and faced a steep tax bill, which he was able to avoid. even if he had been audited, he had the relevant backup documentation to make the case.
Basically stuff that we can use. PM if you want to take this discussion private.
I know that you might not want to talk about tax avoidance strategies/edge of legality type of financial transactions,but it would be nice if you could point me towards any resources. Stuff like:
This cat told me that he declared all of his Business School expenses to be part of his "training/career development" therefore he was able to avoid paying any federal taxes. Even though he had quit his job to start the MBA program full time, he has cashed out his 401K, IRA and faced a steep tax bill, which he was able to avoid. even if he had been audited, he had the relevant backup documentation to make the case.
Basically stuff that we can use. PM if you want to take this discussion private.
Fiscal cliff is effectively all the tax increases and spending cuts that should revert back next year.
Right now you are paying less in taxes.
Bush tax cuts, capital gains, defense budget sequester (this will be important for investment options next year, risky though will have to play by ear), alternative minimum tax, Medicare surtax... Tons of legislation.
Ignore the "$7 trillion" number wing thrown out there. Any time you try to size up a ridiculous thing like "the entire economy" or "oil left in the world".. It's just going to be guesswork.
With that said, for educational purposes the fiscal year end is September for te government, they haven't figured out what to do still (November) and everyone is just speculating.
Would bet that people earning more than $250K will be hit in the future. Would make a smaller bet on the dividend laws being changed (buy triple tax free muni's for a trade) and would not be making bets on all the other promises.
Anyway feel free to comment or ask questions.
Good luck guys
Right now you are paying less in taxes.
Bush tax cuts, capital gains, defense budget sequester (this will be important for investment options next year, risky though will have to play by ear), alternative minimum tax, Medicare surtax... Tons of legislation.
Ignore the "$7 trillion" number wing thrown out there. Any time you try to size up a ridiculous thing like "the entire economy" or "oil left in the world".. It's just going to be guesswork.
With that said, for educational purposes the fiscal year end is September for te government, they haven't figured out what to do still (November) and everyone is just speculating.
Would bet that people earning more than $250K will be hit in the future. Would make a smaller bet on the dividend laws being changed (buy triple tax free muni's for a trade) and would not be making bets on all the other promises.
Anyway feel free to comment or ask questions.
Good luck guys
ComebackKid
Woodpecker
WestCoast,
Can I drop you a PM about breaking into finance? I have a pretty unique and difficult situation, hence the need for advice.
Can I drop you a PM about breaking into finance? I have a pretty unique and difficult situation, hence the need for advice.
Cool blog!
" If you’re not doing something that’s making you more money, getting you more motivated, getting you out of your comfort zone or getting you healthier, wealthier or more free time for 90%+ of your day, you don’t deserve to succeed."
great advice, I knew/know this but need to be reminded of this and have it constantly in mind. thanks!
great advice, I knew/know this but need to be reminded of this and have it constantly in mind. thanks!
WC you have great advice
I was wondering if you could do a post on different investors such as buffet, jim rogers, peter schiff, how they made their money and if its possible for a regular person to use their principles in todays market or did they just happen to make the right moves at the right time etc..
I was wondering if you could do a post on different investors such as buffet, jim rogers, peter schiff, how they made their money and if its possible for a regular person to use their principles in todays market or did they just happen to make the right moves at the right time etc..
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