Ask Rande 10,000+

Top 196. Sep 30, 2001 10:40 PM

» David_Korn - Re: Re: bb radio show 9/30/01

In response to message posted by JenL_2:

correction. The caller referred to the Sunday, May 6th broadcast and Bob Brinker was the host. I haven't researched to see if I can find the call yet, but will see if I can dig it up.

-- posted by David_Korn

Top 197. Sep 30, 2001 11:08 PM

» JenL_2 - Re: bb radio show 9/30/01

In response to message posted by David_Korn:

Great - thanks David.....Jen

-- posted by JenL_2

Top 198. Oct 1, 2001 6:00 AM

» Rande - Re: Wash Sales Rule Question

In response to message posted by Moe_Berg:

Moe,

The IRS presumes FIFO in the absence of specific identification, so the sale would default to the first 100 shares purchased, resulting in a realized capital loss. However, since you created a substantially identical position within 30 days of sale, the loss would be disallowed for tax recognition purposes. The disallowed loss would be added to the cost basis of the replacement securities, in effect deferring recognition of the loss until those shares are sold. In the meantime, you would report the wash sale on your 2001 return on Line 1 of Sch D (since it's short term), showing the full amount of the loss in parentheses in column (f). On the next line, enter "Wash Sale" in column (a) and the amount of the loss not allowed as a positive in column (f).

See IRS Publication 550 "Investment Income and Expenses" and be sure to check with your tax preparer.

-- posted by Rande

Top 199. Oct 1, 2001 7:24 AM

» Moe_Berg - Re: Wash Sales Rule Answer

In response to message posted by Rande:

Thank you Rande. The information is very helpful.

-- posted by Moe_Berg

Top 200. Oct 1, 2001 7:39 AM

» Kirk - XLK vs QQQ

In response to message posted by Moe_Berg:

XLK vs QQQ since 10/16/00

Big components in XLK are HWP and IBM
<img src=http://chart.bigcharts.com/bc3/intchart/... width=579 height=335>
HWP has followed QQQ to a T, but IBM has held up well…

-- posted by Kirk

Top 201. Oct 3, 2001 4:54 AM

» Thruhiker - this is pathetic

the "ask rande" thread has dropped off of the top 20 listing of threads and is actually behind the following waste of time topics:

bob brinker free discussion site
bob brinker is not satan
ask mark
bullruns market thoughts or "ask bullrun"
moneytalk (bob brinker host) interpretations

the yahooization of this site is nearly complete.

-- posted by Thruhiker

Top 202. Oct 3, 2001 5:34 AM

» Rande - Re: this is pathetic

In response to message posted by Thruhiker:

Thru,

re: "yahooization"

Can't let it get us down. I've never been to any Yahoo! chat rooms, but from what I've heard and the bits and pieces I've seen, it reminds me of the worst of AOL when I subscribed to that service back in the early/mid-90s (actually subscribed to a precursor back in the mid-80s when all I had was an old Apple IIGS). Pretty much a useless mishmash that borders on a cesspool at times. The goal of Suite101 is a good one, and pretty simple -- provide a forum for the sharing of information, where people can find a community of like-minded individuals interested in learning from each other. But, let's face it, there is an entertainment aspect. And there will always be no shortage of strange and angry people out there, seemingly, who tend to do and say things they might not otherwise do and say were they face-to-face with another human being instead of posting over the Net. A small price to pay for a great place like Suite101, really. But not worth a second of time for a place like Yahoo! as far as I can tell.

-- posted by Rande

Top 203. Oct 3, 2001 7:10 AM

» Kirk - Re: Cream rises to the top

In response to message posted by Thruhiker:

Thanks for bringing the cream to the top.

The ONLY way to keep it there is to post questions or ideas in this thread that you want Rande to answer or comment on.

IF people want to make this site great and keep the trash threads from "floating" to the top of our top-20 list, THEN it means that people have to help by asking Rande questions or making an interesting comment as you just did.

Thanks for your help in this regard!

-- posted by Kirk

Top 204. Oct 3, 2001 8:44 AM

» Erik75 - Mother-In-Law question for Rande

Rande, My 78 year old MIL just got a letter form her former employer stating that her pension was being increased from about $400/month to about $600/month plus she will get a lump sum payment of a bit over $20k because of an error in the way they handled her pension calculations before she retired. Kinda made her day.

She was doing OK on her income before this so this is gravy for her.

What would be some good options to maximize her income off the $20k while still giving a good level of security. She is a very healthy 78 and her mother lived to 95 so she shouldn't draw down the principal too fast.

Some kind of fixed lifetime annuity? Intermediate govt. bond fund of some kind? VBMFX?

I'm sure the vultures will smell the money and be circling shortly, so I would like to see her get the money put away someplace where she will get some income off it and not be tempted to listen to her banker or scheming relatives.

-- posted by Erik75