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  1. gcgang

    Can you gift an annuity?

    I’ve owned a variable annuity since you could withdraw principal first, about 40 years. I did withdraw the initial investment a long time ago, but the balance has still grown to over $70k. I won’t need the asset, nor would my heirs. I’ve named charities of my tax deferred accounts like...
  2. gcgang

    Coach Prime

    https://bleacherreport.com/videos/463218-deions-jimmy-horn-story Above is a brief part of Taylor Rooks almost hour long interview with Colorado Buffaloes head football coach Deon Sanders, aka Coach Prime. He tells what he said on field late in the game to receiver Jimmy Horn, when Horn had...
  3. gcgang

    Bought a magazine lately?

    Stopped into the Hudson’s to pick up a magazine for my flight. Economist and Atlantic $10.99! Even People was $7.99. A WSJ newspaper was $5. I guess I’ve turned into the old man talking about “I remember when x cost y”, in this case a newspaper 25 cents or a magazine a dollar or two...
  4. gcgang

    Maui wild fires

    Maui Fired, and not the good Fired https://www.hawaiinewsnow.com/2023/08/10/devastating-wildfires-tear-through-oldest-home-maui-historic-structures-lahaina/ Just made my bi-annual trip to Lahaina, had dinner at Lahaina Grill Monday. It’s gone. Lahaina, that is. Pioneer Inn totally...
  5. gcgang

    RIP:Texas Dolly Passes

    https://www.pokernews.com/news/2023/05/doyle-brunson-passed-away-poker-43546.htm Poker’s Doyle Brunson has died at age 89. I read his book, Super System, in the early 80’s. It covered lots of different games, although Texas Hold ‘Em became the biggest, a lot of it due to Doyle’s aggressive...
  6. gcgang

    Long dated TIPs finally a buy

    https://www.mutualfundobserver.com/issue/january-2023/ Devash Shaw wrote an excellent article in this month’s Mutual Fund Observer explaining why TIPs are much better purchases now than in the recent past. For example, the Real Yield on 5-30 year maturities has risen about 3% in the last 12...
  7. gcgang

    It’s hard to stop Alzheimer’s?

    https://www.nih.gov/news-events/nih-research-matters/viagra-associated-reduced-risk-alzheimers-disease Evidently above was published by NIH December, 2021. Viagra may significantly reduce Alzheimer’s risk. Is this for real?
  8. gcgang

    What stocks are you shopping?

    What individual stocks are you looking to buy during the Bear Market? I’m buying NVDA if it drops another 25% to the $150 area, BLK ($640) under $500, and BRK.B ($335) around $275.
  9. gcgang

    Omicron/Covid timeline to manifest

    I understand that there are several ways people have symptoms, or not, when they are infected with Omicron. But I've never seen anything on a "typical" progression. The reason I'm interested is, of course, all about me. I'm 67 and boosted. My daughter has been back from college for about a...
  10. gcgang

    Comedian Norm Macdonald dead at 61

    https://deadline.com/2021/09/norm-macdonald-dead-obituary-comedian-saturday-night-live-weekend-update-anchor-was-61-1234833212/ Above has some hilarious clips of Norm, mostly on Letterman. My favorite one liner of his: People are wondering about the marriage of Lisa Marie Presley and Michael...
  11. gcgang

    Oenophiles?

    Recently had dinner for two at a nice restaurant. With two drinks, total came to $300 (BTD). My problem has to do with the wine. I am not an oenophile by any means, but I have some friends who are. One invented some kind of monitoring device for people who collect expensive wines to be able...
  12. gcgang

    IRAs and Closed End Funds

    https://www.cefconnect.com/User/Login.aspx I’ve used Closed End funds (see above link) as tax inefficient investments in my tax sheltered accounts. I purchase at larger than normal discounts to NAV and sell when the discount narrows. As of today, I’m basically out of all of them because funds...
  13. gcgang

    ILITs and 2nd to Die Variable Universal Life Insurance

    An agent is pitching me on using a 2nd to Die Variable Universal Life Insurance Policy within an Irrevocable Life Insuance Trust to leverage annual gifts to our daughter, avoiding Income and Estate Tax on the Death Benefit. We’d get about $1.6mm DB for $30k premiums at ages 67 & 64 w standard...
  14. gcgang

    Bitcoin rewards Credit Card?

    CNBC reports SOFI credit card to offer crypto rewards. Just another kind of “cash” back? Do you diversify your “cash”? I’ve got some short term non dollar bond funds. No crypto (but buying a little TSLA, for the Bitcoin exposure, lol). But probably 90% of my cash is just plain ol ‘ cash...
  15. gcgang

    Possible Repeal of Step Up Basis at Death

    https://www.forbes.com/sites/robertwood/2020/11/02/bidens-tax-increase-on-death-that-no-one-is-talking-about/?sh=58a36515376f While the step up in basis at death has been around a long time, at its core, it’s just a loophole for those who have appreciated assets. If it goes away, what...
  16. gcgang

    Medicare Supplement Free Annual

    UH is my Supplemental Plan. They called and offered a $75 VISA if I scheduled some sort of checkup with them. I declined. Anyone have experience with this sort of thing?
  17. gcgang

    House for college kid?

    Please direct me to thread if this has been covered, but... Daughter at college. Talking about buying house, she would live there and be landlord for 2 roommates. Told me she’d make $1400/mo with an $835 mortgage payment. Several thoughts / questions come to mind: 1). Should I simply own in...
  18. gcgang

    Amazon 4%

    Just got offer to sign up to get 4% cash back on my existing Amazon Prime/Chase credit card where they’d normally only pay 1 or 2%. Currently I only use the card for Amazon. I’m signing up, unless there’s some @gotcha. Bonus expires next February.
  19. gcgang

    Ten bagger

    AAPL just hit a ten bagger for me. Bought in March, 2010. Wish every stock I bought went up 10 times in ten years. What 10 bagger+ investments have you had?
  20. gcgang

    S&P’s fastest 50 day gain in 90 years.

    Everyone seems relieved the market has recovered, Watching the Bloomberg. Headline - S&P’s fastest 50-day gain in 90 years. Uh, 2020 minus 90= 1930. The brink of the Great Depression? Oh, joy. Happy days are here again.
  21. gcgang

    Planet of the Humans - Michael Moore

    https://youtu.be/Zk11vI-7czE Above I tried to post link to Michael Moore’s new movie, Planet of the Humans. As a fellow Flintite, whose father also worked at AC Spark Plug for 40+ years, I’ve watched almost all of his movies. His point of view in this really surprised me. Main point, Green...
  22. gcgang

    Masterclass

    https://www.masterclass.com/ Anyone ever take Masterclass? A friend mentioned it to me. They’ve got a deal - $180 and you get two memberships. Looks entertaining and educational. I don’t know why I need two memberships. Anyone want to go in and split?
  23. gcgang

    Risk sharing

    There is a huge Eucalyptus tree near our home. These trees are known to get totally blown over in high winds as their roots are very shallow. I got a couple estimates, both in the $10-12k range to cut down (was looking at installing solar). There are also power lines. I'm thinking that the...
  24. gcgang

    Austin, Texas

    Anyone have any recommendations on Austin, Texas? From music venues, places to eat or stay? I'm thinking of spending some time there when I visit my daughter at Baylor (Waco seems to be just one big road construction site right now).
  25. gcgang

    Essential Oils

    Anyone have any experience using Essential Oils? I went to a presentation last night. Part of it is just Amway revisited as DoTerra, and I'm not interested in becoming a MLM. Here's a review of what the company does, and some background on EO...
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