Hello Patrick, First I want to let everyone know I do have a store of Gold and Silver coin which is spendable in a crisis. Yes, the price of precious metals has increased over the years which represents a gain. BUT, to realize that gain, what has to be accomplished?
A sale which reduces the stock and so future sales. The great fact with Warren B's wisdom is that there's investments that simply kick off dollars without depleting the stock. Year after year, there's something produced, and the base is never lost.
Selling time is underrated.
There are many such investments and a mix of them makes us very happy retired folk.
I feel I am the most influential part of my health. I'm careful with oral hygiene and am rewarded. In my 50's I had a ultrasonic cleaning and felt pain on my left upper wisdom tooth. Sure enough, in about a year, that tooth lost a piece and I elected to have it removed.
Up till then I had been a complete human with every part of my body intact. Now, I do not accept an ultrasonic cleaning and have great teeth.
I'm sure there's folks in the medical and other professional community that like to pad their bottom lines.
Thank you James, I'm referring this wonderful article to my Sis who has an E Jones account. We looked at some of the offered investment there with a sorted spreadsheet and she put her money in the lowest fee, highest historical return funds.
But, maybe another company could do better for her!
Thanks buddy!
Ooooo those taxes!
My return is like a book and my tax guy miss scheduled my appointment last year so did everything with no fee and gave me a gift card to appease me.
I was looking the return over and as I have some rentals, he deducted a professional fee of $500 for each which is reasonable.
This is to say, we all have different financial situations and there's no 'right' way.
Hello Catherine, Real estate can work well. I would consider hiring manager for the Ca property to get some well qualified tenants. Of course that takes getting the home ready and that means elbow greased elbows. It would mean extra money to you and save it for some day for the children to take over. A good manager takes a bunch of the headaches out of being a land lord.
I'm in the process, or I'll say my trust is selling a home in expensive Denver and moving the wealth to another less expensive location and I'm 73. If done correctly the houses will be paid for and my own sons will take over the trust when I die to have a good inheritance.
You have a chance to do the same.
My final SS statement had 52 years of earnings. AND, I worked those years in two retirement plans that had jobs attached to them. But my SS benefit is the highest amount of income of all of my 5 retirement accounts.
Go Social Security!
Hello King David,
I'm in Denver and there's a transportation museum displaying one example of the Skyliner. In examination of it, I realized the complexity of adjusting all the limits and the functions of that top. WOW! You ain't kidding!
I can just think of an owner with a wrench and pliers trying to make it work themselves rather than take it to the dealer, only to really screw it up. When I was a a telecommunications company, they spun off a side company which went in to the stratosphere for business. This new company would issue stock to its workers and after about a year, I had quite a holding. However, Y2K was looming and I moved the bunch into a fixed income account for protection. Well, after the new year 2000, I was relieved and moved everything back to the stock. Wrong move! I just froze as the balance fell and fell and I finally moved the amount that was left to my traditional IRA.
I still have the paper confirmation of the money going from Fixed to Stock...with 'Wrong Move' written across it. I shuda just left it alone. A fellow technical worker from my final job said it perfectly:
"When you change something, something changes"
Thanks King David,
I'm friends with a lady who was a director for the state dept of revenue which encompasses all things income for the department. Including court proceedings. She asked me if I really wanted to spend lots and lots of money and complicate my life beyond imagination by getting behind the wheel after having a little drinkepoo. I did NOT need that!
https://www.hospicenursejulie.com/ I bought her book to give a lady friend for her birthday. She was really thrilled and gave it to me to also read. Then, I sent it to my Sister to read, learn and enjoy.
Watch this ladies face light up as she tells the second part of her story! https://www.youtube.com/watch?v=zrSqDEUKt8I
Comments
Hello Patrick, First I want to let everyone know I do have a store of Gold and Silver coin which is spendable in a crisis. Yes, the price of precious metals has increased over the years which represents a gain. BUT, to realize that gain, what has to be accomplished? A sale which reduces the stock and so future sales. The great fact with Warren B's wisdom is that there's investments that simply kick off dollars without depleting the stock. Year after year, there's something produced, and the base is never lost. Selling time is underrated. There are many such investments and a mix of them makes us very happy retired folk.
Post: Picture This
Link to comment from March 15, 2025
I feel I am the most influential part of my health. I'm careful with oral hygiene and am rewarded. In my 50's I had a ultrasonic cleaning and felt pain on my left upper wisdom tooth. Sure enough, in about a year, that tooth lost a piece and I elected to have it removed. Up till then I had been a complete human with every part of my body intact. Now, I do not accept an ultrasonic cleaning and have great teeth. I'm sure there's folks in the medical and other professional community that like to pad their bottom lines.
Post: Hole Truth
Link to comment from March 1, 2025
Thank you James, I'm referring this wonderful article to my Sis who has an E Jones account. We looked at some of the offered investment there with a sorted spreadsheet and she put her money in the lowest fee, highest historical return funds. But, maybe another company could do better for her! Thanks buddy!
Post: Among Friends
Link to comment from March 1, 2025
Ooooo those taxes! My return is like a book and my tax guy miss scheduled my appointment last year so did everything with no fee and gave me a gift card to appease me. I was looking the return over and as I have some rentals, he deducted a professional fee of $500 for each which is reasonable. This is to say, we all have different financial situations and there's no 'right' way.
Post: Easy Does It
Link to comment from February 22, 2025
Hello Catherine, Real estate can work well. I would consider hiring manager for the Ca property to get some well qualified tenants. Of course that takes getting the home ready and that means elbow greased elbows. It would mean extra money to you and save it for some day for the children to take over. A good manager takes a bunch of the headaches out of being a land lord. I'm in the process, or I'll say my trust is selling a home in expensive Denver and moving the wealth to another less expensive location and I'm 73. If done correctly the houses will be paid for and my own sons will take over the trust when I die to have a good inheritance. You have a chance to do the same.
Post: My House Divided
Link to comment from February 15, 2025
My final SS statement had 52 years of earnings. AND, I worked those years in two retirement plans that had jobs attached to them. But my SS benefit is the highest amount of income of all of my 5 retirement accounts. Go Social Security!
Post: Scrap Social Security. I’ll invest what I pay in payroll taxes and do much better. SS is a scam. Really, asks RDQ
Link to comment from February 15, 2025
Hello King David, I'm in Denver and there's a transportation museum displaying one example of the Skyliner. In examination of it, I realized the complexity of adjusting all the limits and the functions of that top. WOW! You ain't kidding! I can just think of an owner with a wrench and pliers trying to make it work themselves rather than take it to the dealer, only to really screw it up. When I was a a telecommunications company, they spun off a side company which went in to the stratosphere for business. This new company would issue stock to its workers and after about a year, I had quite a holding. However, Y2K was looming and I moved the bunch into a fixed income account for protection. Well, after the new year 2000, I was relieved and moved everything back to the stock. Wrong move! I just froze as the balance fell and fell and I finally moved the amount that was left to my traditional IRA. I still have the paper confirmation of the money going from Fixed to Stock...with 'Wrong Move' written across it. I shuda just left it alone. A fellow technical worker from my final job said it perfectly: "When you change something, something changes"
Post: Simplicity Is a Virtue
Link to comment from February 8, 2025
Thanks King David, I'm friends with a lady who was a director for the state dept of revenue which encompasses all things income for the department. Including court proceedings. She asked me if I really wanted to spend lots and lots of money and complicate my life beyond imagination by getting behind the wheel after having a little drinkepoo. I did NOT need that!
Post: Why I Don’t Drink
Link to comment from January 4, 2025
https://www.hospicenursejulie.com/ I bought her book to give a lady friend for her birthday. She was really thrilled and gave it to me to also read. Then, I sent it to my Sister to read, learn and enjoy. Watch this ladies face light up as she tells the second part of her story! https://www.youtube.com/watch?v=zrSqDEUKt8I
Post: Model Behavior
Link to comment from December 21, 2024
https://www.hospicenursejulie.com/ I recommend this book. Much information about dying.
Post: At the End
Link to comment from December 7, 2024