Ask Rande 10,000+
- PaulJoslin
- Rande
- Rande
- SteveT
- Rande
- mp7
- Rande
- mp7
- Rande
- PaulJoslin
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» PaulJoslin - Re: Re: Re: Re: Re: 13 k to Invest
Well Rande, it just strikes me how to things we care about we devote attention, and things we hate we relegate to discipline. I personally think it is good to be emotionally involved with the market, but I like to buy and sell. I suppose if I hated to buy, I could force myself with some sort of DCA program.-- posted by PaulJoslin
» Rande - Re: Re: Re: Re: Re: Re: 13 k to Invest
In response to message posted by PaulJoslin:I personally think it is good to be emotionally involved with the market, but I like to buy and sell.
What I can say? That sort of approach is a broker's dream and an independent investment advisor's worst client nightmare. But you're right about DCA -- it's a great tool for those who would otherwise never invest out of fear.
-- posted by Rande
» Rande - FINANCIAL TRIVIA TIME
It's that time again. See how many you know...
1. How many individual stocks accounted for half of the U.S. stock market's gain from the end of 1997 to March 2000, and for half of the decline since then?
2. What percent of eligible workers max out on their 401(k) plan contributions?
3. What is the average annual return for stocks for the past 15 years through the end of 2000?
4. How many 15-year rolling periods have there been (out of 61) since 1925 where stocks have averged 16% or more a year?
5. How many mutual funds were there in 1990?
6. How many mutual funds were there at the end of 2000?
7. In what year did Congress first borrow money, how much, and from whom?
8. In what year did the NYSE first sell memberships?
9. In what year was the American Stock Exchange incorporated?
10. In what year did Arab oil producers first reduce oil exports?
-- posted by Rande
» Rande - Re: tax loss sale
In response to message posted by mp7:mp7,
Sure you can, you can do anything. I'm guessing the question is will such a sale violate the wash sale and disallow the recognition of the loss? That's an open question and one that's not universally agreed upon by tax practioners. I'm not aware of any provision in the Code, Regs or judicial interpretations that allows for an exception to the wash sale rules under such circumstances, and certainly an argument could be made by the Service that even though an IRA is a custodial account, the purchase of a substantially identical security within 30 days there would violate the spirit of the wash sale rule. On the other hand, one would have to wonder what the chances might be of such a transaction ever seeing the light of day.
-- posted by Rande
-- posted by mp7
» Rande - Re: FINANCIAL TRIVIA TIME
In response to message posted by Rande:Before I sign off for the night...
1. How many individual stocks accounted for half of the U.S. stock market's gain from the end of 1997 to March 2000, and for half of the decline since then? 11 (Sigma Investment Management Company)
2. What percent of eligible workers max out on their 401(k) plan contributions? 4% (US Treasury Department)
3. What is the average annual return for stocks for the past 15 years through the end of 2000? 16% (T.R. Price)
4. How many 15-year rolling periods have there been (out of 61) since 1925 where stocks have averged 16% or more a year? 15 (Ibbotson Associates)
5. How many mutual funds were there in 1990? 3,081 (Investment Company Institute)
6. How many mutual funds were there at the end of 2000? 8,171 (ibid)
7. In what year did Congress first borrow money, how much, and from whom? 1776, $5 million, France (*)
8. In what year did the NYSE first sell memberships? 1869 (*)
9. In what year was the American Stock Exchange incorporated? 1971 (*)
10. In what year did Arab oil producers first reduce oil exports? 1973 (*)
*Sources: The History Channel, the Museum of American Financial History
(Journal of Financial Planning/October 2001)
-- posted by Rande
» PaulJoslin - Re: FINANCIAL TRIVIA TIME
In response to message posted by Rande: I think the answer to 5,7,8 and 10 are all identical (a lot of people don't know about that camel hoof and mouth disease. That was the year they finally gave up trying to carry those big 55 gal drums on their back across the border.)-- posted by PaulJoslin
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