McCain”s moral compass

[an]

Right now, 2 people making $250k taxable income will have to pay $61,229. While a person making $125k is only responsible for $28,978. In 2000, a couple making $250k taxable income will have to pay $73,049 while a single person who make $125k will have to pay $33,431. So it seems the tax break helped married couple much more than single person.

[equalizer]

asianautica, you stated that “I just don’t believe the theory that it’s that much harder today vs 20 years ago.”

Maybe if your name is Carl Icahn, infamous corporate raider and green mailer that put Rev Jackson’s blackmail to shame, life is easier because of the vast capital to throw around and raid the cashbox. Or the private equity managers that took companies private in 2003-05, took out massive debt, fired a bunch of people, paid themselves billions in “fees” and took companies public with no cash.

For the small investor, its tougher now than in the 80’s since you are competing with the likes of Icahn, massive pension funds, etc, basically people who don’t care about spending or losing other people’s money. Too much money chasing poor returns, inflation, etc.

Most fund managers cant throw a candle to Peter Lynch from 77-90 with 29% annual return. Closest now is FPA head Robert L. Rodriguez, return of 13-15% over last 20-24 years. If it’s so much easier now, please share your secret to great returns besides my patented plan, sell your house and buy QCOM. 🙂

http://www.fpafunds.com/capitalfund_compare.asp

[equalizer]

asianautica, you stated that “I just don’t believe the theory that it’s that much harder today vs 20 years ago.”

Maybe if your name is Carl Icahn, infamous corporate raider and green mailer that put Rev Jackson’s blackmail to shame, life is easier because of the vast capital to throw around and raid the cashbox. Or the private equity managers that took companies private in 2003-05, took out massive debt, fired a bunch of people, paid themselves billions in “fees” and took companies public with no cash.

For the small investor, its tougher now than in the 80’s since you are competing with the likes of Icahn, massive pension funds, etc, basically people who don’t care about spending or losing other people’s money. Too much money chasing poor returns, inflation, etc.

Most fund managers cant throw a candle to Peter Lynch from 77-90 with 29% annual return. Closest now is FPA head Robert L. Rodriguez, return of 13-15% over last 20-24 years. If it’s so much easier now, please share your secret to great returns besides my patented plan, sell your house and buy QCOM. 🙂

http://www.fpafunds.com/capitalfund_compare.asp

[equalizer]

asianautica, you stated that “I just don’t believe the theory that it’s that much harder today vs 20 years ago.”

Maybe if your name is Carl Icahn, infamous corporate raider and green mailer that put Rev Jackson’s blackmail to shame, life is easier because of the vast capital to throw around and raid the cashbox. Or the private equity managers that took companies private in 2003-05, took out massive debt, fired a bunch of people, paid themselves billions in “fees” and took companies public with no cash.

For the small investor, its tougher now than in the 80’s since you are competing with the likes of Icahn, massive pension funds, etc, basically people who don’t care about spending or losing other people’s money. Too much money chasing poor returns, inflation, etc.

Most fund managers cant throw a candle to Peter Lynch from 77-90 with 29% annual return. Closest now is FPA head Robert L. Rodriguez, return of 13-15% over last 20-24 years. If it’s so much easier now, please share your secret to great returns besides my patented plan, sell your house and buy QCOM. 🙂

http://www.fpafunds.com/capitalfund_compare.asp

[equalizer]

asianautica, you stated that “I just don’t believe the theory that it’s that much harder today vs 20 years ago.”

Maybe if your name is Carl Icahn, infamous corporate raider and green mailer that put Rev Jackson’s blackmail to shame, life is easier because of the vast capital to throw around and raid the cashbox. Or the private equity managers that took companies private in 2003-05, took out massive debt, fired a bunch of people, paid themselves billions in “fees” and took companies public with no cash.

For the small investor, its tougher now than in the 80’s since you are competing with the likes of Icahn, massive pension funds, etc, basically people who don’t care about spending or losing other people’s money. Too much money chasing poor returns, inflation, etc.

Most fund managers cant throw a candle to Peter Lynch from 77-90 with 29% annual return. Closest now is FPA head Robert L. Rodriguez, return of 13-15% over last 20-24 years. If it’s so much easier now, please share your secret to great returns besides my patented plan, sell your house and buy QCOM. 🙂

http://www.fpafunds.com/capitalfund_compare.asp

[equalizer]

asianautica, you stated that “I just don’t believe the theory that it’s that much harder today vs 20 years ago.”

Maybe if your name is Carl Icahn, infamous corporate raider and green mailer that put Rev Jackson’s blackmail to shame, life is easier because of the vast capital to throw around and raid the cashbox. Or the private equity managers that took companies private in 2003-05, took out massive debt, fired a bunch of people, paid themselves billions in “fees” and took companies public with no cash.

For the small investor, its tougher now than in the 80’s since you are competing with the likes of Icahn, massive pension funds, etc, basically people who don’t care about spending or losing other people’s money. Too much money chasing poor returns, inflation, etc.

Most fund managers cant throw a candle to Peter Lynch from 77-90 with 29% annual return. Closest now is FPA head Robert L. Rodriguez, return of 13-15% over last 20-24 years. If it’s so much easier now, please share your secret to great returns besides my patented plan, sell your house and buy QCOM. 🙂

http://www.fpafunds.com/capitalfund_compare.asp

[an]

equalizer, one thing I noticed and use now that is not available even 5 years ago (I don’t think) is 2X index fund. They have 2X funds for both bull and bear side of many different indexes. Here are a few example: DXZLX, DXCLX, UUPIX, etc. These are bull 2X index fund of Latin America, Commodity, emerging market. It might be hard to pick that perfect stock, but I think it’s a little easier to pick a sector. With the 2X part, if the index it ties to goes up, your mutual funds will go up 2X as much but will go down 2X as much as well. They are tied to indexes, so you’re not putting faith in a particular fund manager but more of faith in particular index/economy/sector. I let the pro deal with the details of options and such to get me 2X the index return.

Another basic fundamental difference between now vs 20 years ago is the internet. Back then, there are no discount brokerage. There are no Yahoo, Google, etc for us small investor to do our own research. Your only real choice is go to places like Fidelity and tell those people to invest your money. So yeah, I do think if you have capital, now is better than 20 years ago in term of small fish investor.

[an]

equalizer, one thing I noticed and use now that is not available even 5 years ago (I don’t think) is 2X index fund. They have 2X funds for both bull and bear side of many different indexes. Here are a few example: DXZLX, DXCLX, UUPIX, etc. These are bull 2X index fund of Latin America, Commodity, emerging market. It might be hard to pick that perfect stock, but I think it’s a little easier to pick a sector. With the 2X part, if the index it ties to goes up, your mutual funds will go up 2X as much but will go down 2X as much as well. They are tied to indexes, so you’re not putting faith in a particular fund manager but more of faith in particular index/economy/sector. I let the pro deal with the details of options and such to get me 2X the index return.

Another basic fundamental difference between now vs 20 years ago is the internet. Back then, there are no discount brokerage. There are no Yahoo, Google, etc for us small investor to do our own research. Your only real choice is go to places like Fidelity and tell those people to invest your money. So yeah, I do think if you have capital, now is better than 20 years ago in term of small fish investor.

[an]

equalizer, one thing I noticed and use now that is not available even 5 years ago (I don’t think) is 2X index fund. They have 2X funds for both bull and bear side of many different indexes. Here are a few example: DXZLX, DXCLX, UUPIX, etc. These are bull 2X index fund of Latin America, Commodity, emerging market. It might be hard to pick that perfect stock, but I think it’s a little easier to pick a sector. With the 2X part, if the index it ties to goes up, your mutual funds will go up 2X as much but will go down 2X as much as well. They are tied to indexes, so you’re not putting faith in a particular fund manager but more of faith in particular index/economy/sector. I let the pro deal with the details of options and such to get me 2X the index return.

Another basic fundamental difference between now vs 20 years ago is the internet. Back then, there are no discount brokerage. There are no Yahoo, Google, etc for us small investor to do our own research. Your only real choice is go to places like Fidelity and tell those people to invest your money. So yeah, I do think if you have capital, now is better than 20 years ago in term of small fish investor.

[an]

equalizer, one thing I noticed and use now that is not available even 5 years ago (I don’t think) is 2X index fund. They have 2X funds for both bull and bear side of many different indexes. Here are a few example: DXZLX, DXCLX, UUPIX, etc. These are bull 2X index fund of Latin America, Commodity, emerging market. It might be hard to pick that perfect stock, but I think it’s a little easier to pick a sector. With the 2X part, if the index it ties to goes up, your mutual funds will go up 2X as much but will go down 2X as much as well. They are tied to indexes, so you’re not putting faith in a particular fund manager but more of faith in particular index/economy/sector. I let the pro deal with the details of options and such to get me 2X the index return.

Another basic fundamental difference between now vs 20 years ago is the internet. Back then, there are no discount brokerage. There are no Yahoo, Google, etc for us small investor to do our own research. Your only real choice is go to places like Fidelity and tell those people to invest your money. So yeah, I do think if you have capital, now is better than 20 years ago in term of small fish investor.

[an]

equalizer, one thing I noticed and use now that is not available even 5 years ago (I don’t think) is 2X index fund. They have 2X funds for both bull and bear side of many different indexes. Here are a few example: DXZLX, DXCLX, UUPIX, etc. These are bull 2X index fund of Latin America, Commodity, emerging market. It might be hard to pick that perfect stock, but I think it’s a little easier to pick a sector. With the 2X part, if the index it ties to goes up, your mutual funds will go up 2X as much but will go down 2X as much as well. They are tied to indexes, so you’re not putting faith in a particular fund manager but more of faith in particular index/economy/sector. I let the pro deal with the details of options and such to get me 2X the index return.

Another basic fundamental difference between now vs 20 years ago is the internet. Back then, there are no discount brokerage. There are no Yahoo, Google, etc for us small investor to do our own research. Your only real choice is go to places like Fidelity and tell those people to invest your money. So yeah, I do think if you have capital, now is better than 20 years ago in term of small fish investor.

[Eugene]

Even if it’s only $19k as you say it is, that’s ~8k more in taxes. Do you have $8k to spare? I’m sure there’s a reason why someone would work twice as hard as others. I can say for certain that it’s not to get rewarded with $8k in taxes.

The lower 95% of the tax payer should be outraged too then, since they’re not being rewarded with high taxes. Damn those rich people, always get reward.

Under Obama’s plan those 19k get hit by a 3% tax increase (from 33% to 36%). So the tax bill of your theoretical double-income mega-overtime nurse family goes up by $570.

That’s not even the problem. The problem is that Obama appears to be more or less honest (“i’ll try to be fiscally responsible but i’ll have to raise taxes on the rich a little bit”) McCain, like Bush, is simply a populist (“i’ll lower taxes for everyone! vote for me! in the mean time i’ll continue running record high budget deficits so your dollars will be worth less and less“)

[Eugene]

Even if it’s only $19k as you say it is, that’s ~8k more in taxes. Do you have $8k to spare? I’m sure there’s a reason why someone would work twice as hard as others. I can say for certain that it’s not to get rewarded with $8k in taxes.

The lower 95% of the tax payer should be outraged too then, since they’re not being rewarded with high taxes. Damn those rich people, always get reward.

Under Obama’s plan those 19k get hit by a 3% tax increase (from 33% to 36%). So the tax bill of your theoretical double-income mega-overtime nurse family goes up by $570.

That’s not even the problem. The problem is that Obama appears to be more or less honest (“i’ll try to be fiscally responsible but i’ll have to raise taxes on the rich a little bit”) McCain, like Bush, is simply a populist (“i’ll lower taxes for everyone! vote for me! in the mean time i’ll continue running record high budget deficits so your dollars will be worth less and less“)

[Eugene]

Even if it’s only $19k as you say it is, that’s ~8k more in taxes. Do you have $8k to spare? I’m sure there’s a reason why someone would work twice as hard as others. I can say for certain that it’s not to get rewarded with $8k in taxes.

The lower 95% of the tax payer should be outraged too then, since they’re not being rewarded with high taxes. Damn those rich people, always get reward.

Under Obama’s plan those 19k get hit by a 3% tax increase (from 33% to 36%). So the tax bill of your theoretical double-income mega-overtime nurse family goes up by $570.

That’s not even the problem. The problem is that Obama appears to be more or less honest (“i’ll try to be fiscally responsible but i’ll have to raise taxes on the rich a little bit”) McCain, like Bush, is simply a populist (“i’ll lower taxes for everyone! vote for me! in the mean time i’ll continue running record high budget deficits so your dollars will be worth less and less“)

[Eugene]

Even if it’s only $19k as you say it is, that’s ~8k more in taxes. Do you have $8k to spare? I’m sure there’s a reason why someone would work twice as hard as others. I can say for certain that it’s not to get rewarded with $8k in taxes.

The lower 95% of the tax payer should be outraged too then, since they’re not being rewarded with high taxes. Damn those rich people, always get reward.

Under Obama’s plan those 19k get hit by a 3% tax increase (from 33% to 36%). So the tax bill of your theoretical double-income mega-overtime nurse family goes up by $570.

That’s not even the problem. The problem is that Obama appears to be more or less honest (“i’ll try to be fiscally responsible but i’ll have to raise taxes on the rich a little bit”) McCain, like Bush, is simply a populist (“i’ll lower taxes for everyone! vote for me! in the mean time i’ll continue running record high budget deficits so your dollars will be worth less and less“)

[Author]

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