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Talking stocks, trading, and investing in general

Marc Voorhees

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My biggest fear is being poor and elderly so not a chance of my actually trying to outlive my (rather finite) nest egg.
something something patricide, something something inheritance
 

Omega Male

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My dad grew up quite wealthy in the UK between the wars -- family manufacturing business with branches across the country and agencies in Shanghai and Buenos Aires. His Dad ran the silver flatware business in Sheffield until one day, he just didn't anymore. I've never found out what happened, but assume there were fingers in the till? They were abruptly cut off and disinherited. Moved out of the big house into a small house, moved from the fancy private school to the state school. I think that sudden fall from grace was formative for him (or perhaps it was just the Scottish ancestry) because he was scrupulous with money his whole life. Not tight, just attentive. Anyway, long story short, he's still alive at 99 and I never asked him for a dime after graduating high school nor has he ever had to ask me for a dime up to this point, so I think that worked out for both of us. For the obligatory bit about the power of compound interest, he inherited I think maybe 15,000 Sterling in the early '70s and invested it and never touched it and this should easily pay for two American college educations going forward, assuming one of them actually doesn't make it as a pro video gamer before then, as currently planned. FML.
 

Piobaire

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How does the market react to the NYT info?
 

lawyerdad

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Marc Voorhees

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How does the market react to the NYT info?
The other billionaires are probably taking notes and suggestions for how to lower their own tax bills
 

Piobaire

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lawyerdad

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I figure the election will have an impact on sentiment and this news might influence said election materially.
I can’t see it influencing the election one iota.
 

jbarwick

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I am a CPA and hate tax prep. Can't wait to hear people opine on taxes like they've spent 40yrs being miserable in tax prep.
 

lawyerdad

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I am a CPA and hate tax prep. Can't wait to hear people opine on taxes like they've spent 40yrs being miserable in tax prep.
Thankfully nobody ever does that with law stuff.
 

Texasmade

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I am a CPA and hate tax prep. Can't wait to hear people opine on taxes like they've spent 40yrs being miserable in tax prep.
Transfer pricing and international tax bro. That's where the money is at.
 

Marc Voorhees

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I am a CPA and hate tax prep. Can't wait to hear people opine on taxes like they've spent 40yrs being miserable in tax prep.
Who preps for taxes any more? I just use a random number generator to fill in lines on my forms. Worked well so far.... I have a meeting with the IRS scheduled to discuss this, no doubt they would like to congratulate me on my time saving approach
 

Piobaire

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Or the medical profession.
 

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