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Old 01-01-2017, 04:46 PM   #121
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The annual gift tax exclusion for 2017 is still at $14k per person, according to the web.
PLUS $5.45m during life or at death so a mere million does not cause any gift tax implications if you want to give someone $25k or $50k or whatever....
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Old 01-01-2017, 05:01 PM   #122
Recycles dryer sheets
 
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Been looking for the symbol for this hookers investment you mention - can't find it. Considering your track record it must be a good one! please share
The Ticker symbol is HO, and you'll probably find it on the Pink Sheets.

Bada - Boom.
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Old 01-01-2017, 05:03 PM   #123
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Originally Posted by socca View Post
The annual gift tax exclusion for 2017 is still at $14k per person, according to the web.
AFAIK the <$14K only means that you don't have to report it to the IRS. Over that amount and you report it but don't pay tax until you've gifted over $5M. (I think it's $5M)

I think you can give out <$14K to 1000 different people and not even have to report it.
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Old 01-01-2017, 05:21 PM   #124
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Originally Posted by djr59 View Post
This could be interesting.
If you suddenly found yourself with a million of cash that was not invested in bonds or stocks, what would you do with it given the current stock/bond market.
To the kids... via an elder law attorney.
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Old 01-02-2017, 09:18 AM   #125
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NW-Bound keeps insisting that I must buy the Focal Grande Utopia EM Speaker at about $200k or so (it varies), so to go along with that theme, I must get the Onedof Turntable ($150k) Onedof turntable spins your vinyl for a cool $150,000. I have actually listened to this turntable and must say it is sublime - brought tears to my eyes. But we still need an amplifier let's see, the Pivetta Opera will do ($500k) (haven't heard this one but sounds impressive) but this purchase might leave us a bit shortchanged for preamps,speaker cables, interconnects and such. I mean, $150K for cables and other ancilliaries is really cutting it close no? The horror of not having sufficient funds!
Well, for someone who already has everything else, why not?

I do not spend money on something that I would have to put its value on my Quicken screen. Currently, I have only investable accounts on Quicken, and my home values are not entered in. I guess I would add this Hi-Fi equipment if I bought them convinced that they are investable and not consumable.
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Old 01-02-2017, 09:27 AM   #126
Recycles dryer sheets
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Pssst. Plastics....
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Add to in three (or four) fund portfolio...
Old 01-02-2017, 10:07 AM   #127
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Add to in three (or four) fund portfolio...

Add to existing portfolio and continue with three (used to be four) percent rule.
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Old 01-02-2017, 02:58 PM   #128
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AFAIK the <$14K only means that you don't have to report it to the IRS. Over that amount and you report it but don't pay tax until you've gifted over $5M. (I think it's $5M)

I think you can give out <$14K to 1000 different people and not even have to report it.
For 2017, the lifetime gift tax exclusion is $5.49M (double that for a married couple).
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Old 01-09-2017, 05:11 PM   #129
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I'd build a small home in the 'country'
Peace & quiet is something you can't put a price on.
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Old 01-09-2017, 06:11 PM   #130
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I'd quit trying to DIY all these home improvements and just hire it all.

Move all the stuff out and store it
Do the house to my spec
Camp out in Vegas at the Bellagio and fly back a day every week to check
Eat, drink and gamble the other 6 days of every week until it was done

Sweet -
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Old 01-09-2017, 06:13 PM   #131
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I'd build a small home in the 'country'
Peace & quiet is something you can't put a price on.
For $1M, you can build a BIG country home.
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Old 01-09-2017, 06:15 PM   #132
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I'd quit trying to DIY all these home improvements and just hire it all.

Move all the stuff out and store it
Do the house to my spec
Camp out in Vegas at the Bellagio and fly back a day every week to check
Eat, drink and gamble the other 6 days of every week until it was done

Sweet -
Perhaps you can do this already, if you cut out the caviar, Wagyu beef, and XO Cognac.
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Old 01-09-2017, 08:09 PM   #133
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Dude...

No wagyu, no caviar and no really good booze?

Besides, DIY and walking the dog are my only forms of exercise. I guess I would need to pay for a gym membership too?
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Old 01-09-2017, 08:42 PM   #134
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In that case, how are you getting any exercise in Vegas? Pulling on the one-arm bandit does not burn any calorie, and even if it works, you would have the right arm of Popeye while the rest of the body atrophies away.

Just teasing, as I am also one who never goes to a gym. I work around the house as a form of exercise too.
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Old 01-09-2017, 09:06 PM   #135
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I like to play no limit hold'em, eat really good food, go to the spa and get rubbed and drink while I'm playing.

Usually never even leave the hotel/casino unless I'm really leaving (going home)

I'm due but the road to Reno is not good this time of year.
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Old 01-11-2017, 07:52 PM   #136
Recycles dryer sheets
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I like to play no limit hold'em, eat really good food, go to the spa and get rubbed and drink while I'm playing.

Usually never even leave the hotel/casino unless I'm really leaving (going home)

I'm due but the road to Reno is not good this time of year.
I'd be right there with you, except I would prefer video draw poker.
Deuces or jokers wild.

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Old 01-11-2017, 08:00 PM   #137
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I play a lot of that too, at the bar getting a bloody mary or 2 in the morning so I don't have to pay and also when I'm waiting for a seat at the poker table.
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Old 01-11-2017, 09:59 PM   #138
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Think I would take a trip around the world, first class. Then take a trip to Vegas, stay at the nicest hotels etc.

Come home and pay the two kids houses off. Hmm give some to charity (the local community center I volunteer for is in need of some cash).
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Old 02-05-2017, 08:58 AM   #139
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Probably would put 100% in my after tax account and use my existing allocation profile to invest it.
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Old 02-07-2017, 10:24 AM   #140
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Cover 5 years of my Netjets bills.
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