You are not smart enough to effectively pull of such a dishonest and unsophisticated attack.
You are not smart enough to effectively pull of such a dishonest and unsophisticated attack.
Hunk wrote:
And dividends....you'll miss out on more dividends. That's not inconsequential given the amount you claim to have taken out of the market. Oh, and you have tax implications now that don't affect those who stayed in.
Klondike5 wrote:
Yea right. Three to six months of dividends lost vs. possible 30% to 50% equity loss. Big concern.
I am talking about monies in a tax qualified pension plan (401(k)/Ps Plan) and so there are no tax implications.
Just to be clear, you're talking about months of real dividends lost versus a loss of equity that didn't happen. Kinda like insurance, I guess.
And no tax implications? How old are you?
[quote]Medally wrote:
Just to be clear, you're talking about months of real dividends lost versus a loss of equity that didn't happen.
Well, if we are talking about the period from the end of June until now, then yes, a loss of equity that has not (yet) happened.
If we are talking about the time when I got out during 2008 until I got back in in 2009, we are talking about a loss of several hundred thousands of dollars that would have happened If I stayed in.
When you talk about being clear -- well, you should be clear.
And no tax implications? I will give you the benefit of the doubt and assume you missed the post when I made it clear I am talking about investments in a 401(k)/PS Plan and not assume you are stupid enuff to think the timing on buys and sells in such a tax qualified plan has tax implications.
How old are you?
I don't see the pertinence of this question. I assume it is your pedestrian attempt to bolster your argument by via ad hominems? Have I got that right?
Klondike5 wrote:
You are not smart enough to effectively pull of such a dishonest and unsophisticated attack.
Once again, zero.
Come on, surely you can point out where Flagpole or others (not agip) made the claims that you attributed to them.
Or perhaps it is as I suggested all along that you attributed agip's expressed sentiments to others with zero evidence to support your claims.
What becomes obvious with each new post is that your attack is limited to a single tactic.
Do you really think posting the same insult that was already completely answered and dismissed by both me and one other poster is an effective way of winning an argument?
Maybe if you put your fingers in your ears and kept saying nah, nah, nah, and so on you can get a better result? Couldn't be any worse.
Better yet, look in the mirror and see if what is in there scares you. It should. The look of a madman is scary.
Now hurry up and get moving as the short bus is here and won't wait for you
Klondike5 wrote:
Well, if we are talking about the period from the end of June until now, then yes, a loss of equity that has not (yet) happened.
And no tax implications? I will give you the benefit of the doubt and assume you missed the post when I made it clear I am talking about investments in a 401(k)/PS Plan and not assume you are stupid enuff to think the timing on buys and sells in such a tax qualified plan has tax implications.
How old are you?
I don't see the pertinence of this question. I assume it is your pedestrian attempt to bolster your argument by via ad hominems? Have I got that right?
Yes, I was talking about your loss over the past few months.
Regarding the tax/age questions, I was curious to know your age since my understanding is that affects tax and penalty implications. If that's not true, I'd appreciate you educating me about why your situation involves no tax/penalty concerns. Thanks.
Klondike5 wrote:
What becomes obvious with each new post is that your attack is limited to a single tactic.
Do you really think posting the same insult that was already completely answered and dismissed by both me and one other poster is an effective way of winning an argument?
Maybe if you put your fingers in your ears and kept saying nah, nah, nah, and so on you can get a better result? Couldn't be any worse.
Better yet, look in the mirror and see if what is in there scares you. It should. The look of a madman is scary.
Now hurry up and get moving as the short bus is here and won't wait for you
Except for that minor detail that you never did address the issue.
Minor detail, I know.
Oh, but excellent use of cute insults. I guess you should be awarded something for that.
Care to get past zero? Or is zero all you got?
Medally wrote:
Regarding the tax/age questions, I was curious to know your age since my understanding is that affects tax and penalty implications. If that's not true, I'd appreciate you educating me about why your situation involves no tax/penalty concerns. Thanks.
Not Klondike, but I can answer your question.
Within a tax-sheltered account (401k, 403b, IRA, etc) you do not owe capital gains taxes. Therefore, you can typically buy & sell freely, and not face capital gains consequences like you would in a regular brokerage account. The taxes involved in a tax-sheltered account are typcially income tax, which is paid when you withdraw the money from the account. Penalties apply to early withdrawals, which was not being discussed by the OP... just buys & sells within the account.
How did you think age affected ANY of the taxes?
Well as I understand it, there are no tax implications for distributions taken after age 59 1/2. Before that, there are tax implications and a penalty. Is that not accurate?
Medally wrote:
Well as I understand it, there are no tax implications for distributions taken after age 59 1/2. Before that, there are tax implications and a penalty. Is that not accurate?
Each type of account has specific rules and minor differences. There are even ways around that 59 1/2 rule....
But the main point for this discussion is that he was talking about buying and selling stocks/funds, within a tax-sheltered account. He was not talking about taking distributions.
Make sense?
I think so. He was selling, but the funds stay in the 401(k) as cash?
Mr K is now down 1.9% on his bet (from when he started this thread)
He has a 0.4% loss on his bet from when he got out at 15,000
The declawed cat should not attack a pitbull
Medally wrote:
Yes, I was talking about your loss over the past few months.
A minor loss you mention, the major win you don't
Regarding the tax/age questions, I was curious to know your age since my understanding is that affects tax and penalty implications. If that's not true, I'd appreciate you educating me about why your situation involves no tax/penalty concerns. Thanks.
You can buy and sell until the cows come home inside of a 401(k). No taxes are paid until distributions are made. Distributions are taxed as ordinary income and not as long or short term capital gains.
I never fail to be surprised by how few of the basics people on letsrun seem to have a handle on, be it investing or the Israel Lobby
agip wrote:
Mr K is now down 1.9% on his bet (from when he started this thread)
He has a 0.4% loss on his bet from when he got out at 15,000
This from the guy who insists on only considering long term results -- over decades in fact -- when discussing his philosophy of investing!
Effin hilarious.
Medally wrote:
I think so. He was selling, but the funds stay in the 401(k) as cash?
Exactly.
This thread is evidence that being both wrong and obstinate is a perfect recipe for annoyance.
Klondike5 wrote:
You can buy and sell until the cows come home inside of a 401(k). No taxes are paid until distributions are made. Distributions are taxed as ordinary income and not as long or short term capital gains.
I never fail to be surprised by how few of the basics people on letsrun seem to have a handle on, be it investing or the Israel Lobby
I was aware of the buying and selling rules within a 401(k). I had just never heard of anyone selling and then holding cash inside the account. That's certainly unusual.
Klondike5 wrote:
agip wrote:Mr K is now down 1.9% on his bet (from when he started this thread)
He has a 0.4% loss on his bet from when he got out at 15,000
This from the guy who insists on only considering long term results -- over decades in fact -- when discussing his philosophy of investing!
Effin hilarious.
just keeping score, my paranoid, lucky unfriend.
Klondike5 wrote:
agip wrote:Mr K is now down 1.9% on his bet (from when he started this thread)
He has a 0.4% loss on his bet from when he got out at 15,000
This from the guy who insists on only considering long term results -- over decades in fact -- when discussing his philosophy of investing!
Effin hilarious.
Hmmmm. Sept 9th. Monthly updates... This is too early for a "mid-monthly" update. This must be agip's offical "pre-mid-monthly" update.
I look forward to agip posting updates this frequently when you are way ahead on the bet.