The TLFs INSIDER TRADER!

[Bumpa STIKKA]

My humble opinion is that there is a bullish market till June 2011 or when the FSTE hits 6,500

That gives us 18 months or so to make our stash before we quit!  

[azza33]

Hope you are correct Bumpa, or perhaps its mindless optimism shining through

[deepthroat]

I think Bumpa's onto something. I was lucky enough to get my money out of the market last year just as things started to melt down, and then got back in again in May 2009. I missed a lot of the initial comeback but friends still thought I was nuts to get back in, and I've been pretty dang happy I did though (up about 25% in 6 months). I should also factor in the money I DIDN'T lose by having my money out in the worst period, that would add another 30% right there.

They say stocks climb a wall of worry, so there's plenty to climb right now.

Apple is up over 8% from my buy-in 2 weeks ago, currently at about $211 on rumors of the announcement of a new tablet portable in late January. Estimates have it going as high as $260 in the coming months.

[pure]

(PigDogg @ Dec. 26 2009,12:56) 4) You might want to take some tax losses in 2009.  Capital losses first offset capital gains but then the next $3000 offset ordinary income and the remainder carrying over to next year.

If I only cashed my $3063.00 loser, do I get to apply the $3000.00 to oridinary income and carryover the $63.00 to 2010 taxes ?


I like the idea of RVT & RMT. I'll wait till the market drops before moving into them though. The talking heads I listen to expect a pullback of ten percent the first quarter of the year.

This is the year I retire so will be going into solid interest/dividend paying stocks or ETF's.

[azza33]

Apple is up over 8% from my buy-in 2 weeks ago, currently at about $211 on rumors of the announcement of a new tablet portable in late January. Estimates have it going as high as $260 in the coming months.

I can't stand the concept of stating future prices - no offense - there are only three known possibilities, up, down or sideways.
Anything else is just rubbish talk - do you really think someones knows the future?

Congrats... sounds like 2009 treated you well in the markets  

The apple tablet, whilst not groundbreaking is silly concepty imho, i love the iphone but the amount of smear and craps that left on the screen by the fingers is disgusting. Can't see the use in having a computer where i need to clean the screen 24/7.

The dirtiest item on your desktop is the keyboard and apples idea is to transplant that onto the screen... hmmm

[deepthroat]

I think the biggest area of interest for the iTablet to exploit is the "portable magazine/portable book" concept. Supposedly the numbers that Amazon will release for the Kindle (their $500+ portable iBook) will show it to be the hottest Xmas gift in the 2009 Amazon catalog. If so, it shows there's a large market for a portable device that can be used to store books and magazines. My Dad has a Kindle and LOVES it, I've not seen him enthuse about a product this much since he got his iPhone. And supposedly, Apple is going to upset the apple cart (no pun intended) by cutting the costs of books and magazines significantly over the Amazon pricing.

I was thinking how attractive that would be for expats. I don't know if it's really a big deal, but I figured that the costs of keeping up with my magazine subscriptions (and newspapers for that matter) would increase exponentially if I were to relocate to somewhere like LOS, but if I had an iTablet and just downloaded the latest issue of Rolling Stone, Newsweek, Record Collector, the Seattle Times and the like, it would eliminate the need for expensive foreign postage charges, months-long delays, etc.

[azza33]

(PigDogg @ Dec. 26 2009,12:56) 4) You might want to take some tax losses in 2009.  Capital losses first offset capital gains but then the next $3000 offset ordinary income and the remainder carrying over to next year.

Thats a kind tax system

In oz, you cant offset the capital losses against normal income

[Ninewives]

In Oz you can do sweet fuck all to minimise tax

[PigDogg]

(pure @ Dec. 31 2009,13:00) If I only cashed my $3063.00 loser, do I get to apply the $3000.00 to oridinary income and carryover the $63.00 to 2010 taxes ?

Capital losses first offset any capital gains.

If there were no capital gains then yes, the first 3000 is applied against ordinary income in 2009 and the remaining 63 bucks can be applied in 2010.

Too late now if you haven't done it yet though. Happy New Year!

[azza33]

(Ninewives @ Jan. 01 2010,11:11) In Oz you can do sweet fuck all to minimise tax  

The best way to minimize tax legally in oz is to
have control of the asset but not ownership in the personal name.

What does this mean for average aussie?
Set up and trade shares or any other asset as a company/trust structure.

That way you can earn income without it appearing on your personal tax return.
Sure you pay a company tax etc... but that is a tax credit that can be useful further down the track

Say you disappear to for a long break... you can pay yourself a dividend whilst away and claim the tax credit your company has paid... you never know... the tax office may even give a tax refund

If you are in dire need of a large deduction, try purchasing installment warrants before the end of the financial year... they are a legal option.. but do come with added risks. But they can be used cleverly to obtain a nice fat refund check if you plan to take a nice long break.

Tax minimization is about planning not luck - ensure you have the right structure before any asset is purchased

Take the recent myer float - they legally made $1billion profit and paid no tax

[deepthroat]

(deepthroat @ Dec. 25 2009,22:32) I wasn't kidding in another thread where I suggested:

AAPL - Apple Computer. Could go from $200 to $250 in the next 6 months
F - Ford Motor

When I posted this on December 25:

Apple (AAPL) was around $195 per share
Ford (F) was under $10 per share

From today's closing news:

"Apple's stock hit an all-time record closing high of $235.83, up 1.5 percent, after the Wall Street Journal reported that the company was developing a new iPhone to work on Verizon Communications' (VZ.N) mobile network. Shares of Verizon, a Dow component, advanced 2.6 percent to $31.23."

Ford closed down today at $13.28

If you'd invested $20,000 in each stock on December 25, your $40,000 investment would have been worth $50,746 - that's a 26% profit in 4 months.

So what does this mean?

This means I got really lucky. But then again, I'd rather be lucky than good anyday.

[manarak]

congrats !

I got a hot advice: google !

yes I know... again.

But look at what they are doing.
Google will soon control the whole digital world - and I'm not only talking about the internet. They will soon go into communications, electronic devices (phones/handhelds), navigation,
hosted applications (ASP), and soon they will propose enterprise systems, dominate ecommerce, and there already is a "google bank".

I think google has the clear potential to become 10 times bigger than it is today.

[Snick]

Snicks Bar, Pattaya

I need to raise $50,000 USD to acquire a Pattaya Disco and turn it into a LB Gentleman's club
I am issuing shares, 800 class 'A' shares at $50, and 12,000 class 'B' shares at $5

Class 'A' shares entitle the bearer to one free bar fine a year, an invitation to the annual shareholders party (er, meeting) also class 'A' bearers will not automatically be told to shut up when they try and give me advice.
Class 'B' shareholders have to sit in a small room outside the party and drink from plastic cups.

Ticker symbol 'LBLB'

Investors should read the prospectus while drunk and bring cash in a brown envelop.

[pacman]

Snicks Bar sounds like great news. The perfect deal for any LB lover looking for guaranteed returns.

I am hoping my investing in this grand venture will take care of a problem I have with inflation...

              ...down the front of my pants...      

[Chinaman]

(Snick @ Mar. 31 2010,09:50) Snicks Bar, Pattaya

I need to raise $50,000 USD to acquire a Pattaya Disco and turn it into a LB Gentleman's club
I am issuing shares, 800 class 'A' shares at $50, and 12,000 class 'B' shares at $5

Class 'A' shares entitle the bearer to one free bar fine a year, an invitation to the annual shareholders party (er, meeting) also class 'A' bearers will not automatically be told to shut up when they try and give me advice.
Class 'B' shareholders have to sit in a small room outside the party and drink from plastic cups.

Ticker symbol 'LBLB'

Investors should read the prospectus while drunk and bring cash in a brown envelop.

800 x 50 = 40,000
12,000 x 5 = 60,000
_

Total 100,000 - didn't you ask for 50K

looking for 12,800 investors for an lb-club
mmh, as tempting as this may sound, I might better invest my 5 bucks straight into or my 50 into bfs or alike - at least I will see immediate ROI ;-)

However, Snick, pls sign me up for that 12,800th share, whatever might be left at the end of the queue ...

Nice try and no hard feelings, though :-)

Some interesting tips on that thread, nevertheless ...