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CoronitaParticipantDon’t need to do anything about the gift tax. Didn’t you get the note from the GOP, BrianSD? The GOP already took care of it….
https://smartasset.com/retirement/lifetime-gift-tax-exemption
Starting in 2018, the lifetime gift tax exemption is $11.18 million. This means that you can give up to $11.18 million in gifts over the course of your lifetime without ever having to pay gift tax on it. For married couples, both spouses get the $11.18 million exemption. This means that if you are married, you and your spouse can give away a total of $22.36 million before paying the gift tax.
So now instead of 11.18 lifetime gift tax exemption, I have $11.175 million in lifetime exclusives left, $23.355 million joint. You don’t even need to use an A/B Bypass living trust anymore, unless you are above those limits… Isn’t life great or what!
Or the other thing is just to buy the car, register the car in my name, and let someone else use it exclusively. The difference is if that person gets into an accident, it goes on my insurance instead of theirs, and it exposes me to liability.
The third option would be, as I am sure a lot of people do, create an LLC, put the car under the LLC, hire the family member as an employee with a company car…Damn, you small biz owners are so lucky with all the variables and now QBI breaks… lol…
But why bother with #2-3 when the gift tax limit is is so ridiculously large.
Besides, I’m supporting those shovel ready green jobs!
CoronitaParticipant[quote=zk]
I’m skeptical that you can get a 9.25 second car for only an old Miata and 20k. Unless maybe the battery you’re getting only lasts a couple years or has some other shortcoming. If you can, it seems like quite a steal to me.[/quote]
It probably would have been a lot more. I didn’t actually dig into it… It would have been cool though.. Drag isn’t my thing, but I was thinking it might be a really good autocross car if the weight is reasonable and balanced and low…
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[quote=Hobie]Flu: Maybe I’m just old. Drag races *need* to be loud. Quiet electric, albeit fast, just doesn’t do it for me. Part of the full tactile experience.[/quote]Yeah, that’s the other issue. I used to mock rice racers back when their cars were 14-and 15-second cars getting smoked by 11-second V8 muscle. Partly because of the lame 4-banger sound but mostly because they were slower. But now you’ve got these electric cars, many of which can smoke the fastest muscle cars. The damn Tesla Roadster does 0-60 in 1.9. Yikes.
Still, the sound does complete the experience. I have a Challenger Scat Pack which can be blown away by your faster electric cars. But I wouldn’t trade it. I love the sound too much.
[/quote]
There was this one time, there was a run-off autocross where the top finishers compete against each other using a mystery car. The mystery car was a Chevy Spark EV.. One of the best drivers was kinda funny, because when he started out, he was howling out the window simulating the noise of an ICB engine… Vrrrrrrrrrr (2nd gear change) Vrrrrrrrrr…. We laughed…
The thing that got my attention was the near instant torque of an electric car.. You can’t duplicate that with a regular ICB, unless you get into supercar territory.. The negatives would be weight, weight distribution, and range that you can run the car. Autocrosses don’t last that long, range really isnt an issue. The weight however……I don’t care about the sound, though I guess we could play soundtrack while driving, lol.
What i don’t understand is why cars use Lithium Ion and not LiFePO4. The former is not stable, the later is…I use a 2lb LiFePO4 starter battery in my race miata that weighs 2.5 lbs and has about 300CCA and sits behind the passenger seat… It replaced a 30lb AGM battery in the trunk, so the weigh savings was great. Of course the LiFePO4 battery costs 3x of the AGM battery….That’s a different story…
CoronitaParticipant…..So…I broke down finally and caved. I ordered a Model 3 today for my mom. Hopefully it gets here before her birthday. The electric Miata will have to wait….
However, I want to cancel and reorder the car because the order number has three 4’s in a row.. And superstition has it that is bad luck.. But it’s really hard to cancel and reorder and then Tesla will hold onto the $2500 for a few weeks and not let you apply it to the new order right away, which is annoying. Tesla needs to work on their website. I guess cost cutting found it’s way to the IT group… The model 3 was just discounted by $3000 BTW….
For me, maybe an ebikein the short term…I think there are a few ebike conversion kits on Amazon I wanted to try out. I got an old road bike that I rarely use… Reduce recycle reuse…lol…
CoronitaParticipant[quote=scaredyclassic]cmon, thats funny, right?[/quote]
lolCoronitaParticipant[quote=Hobie]At first glance all this gibberish may be just to troll the forum by our most prolific poster, but now I’m not leaning to the lack of objective education and ability to sift through US history for the deeper understanding of what being an American truly stands for.[/quote]
It could also be the first signs of early dementia. I read on a thread here that one of the first signs of dementia is if an individual forgets the smell of peanut butter…. Time to start sniffing to find out.
CoronitaParticipant[quote=temeculaguy]Scaredy, glad to see your independent research led you to the conclusion that Perot was not a bad guy.
Brian, seriously your bias goes beyond myopia, Perot was a war monger? Why because he went to the naval academy? arguing with you is pointless, Oh and Ken of John and Ken is gay, both are independents, it’s hardly right wing radio.
FLU, I’m with you, Team Pelosi!! She’s from one of the most liberal districts on the planet and even she’s sick of the 4 radicals. I think you are right, there may be a splinter, the moderate democrats and moderate republicans could form a new moderate party. I’ve been in it most of my life but it never had a name or a convention. That’s really what Ross represented for me, he was the most legitimate 3rd party candidate I had ever seen. But it slipped away.
California already has the splinter going right now, they have three parties in state politics, the republicans, the progressives and the “mods.” Today the Mods are moderate democrats but that could change. It reminds me of the UK, or all the other first world countries for that matter. Maybe Ross’ legacy will come to pass.
https://en.wikipedia.org/wiki/List_of_ruling_political_parties_by_country
Of the 20 or so countries with only 2 parties, other than us, it’s mostly islands and 3rd world countries.[/quote]
Brian must be really bored and desperate. Check out all the thread glut… lol.
I realize my previous reasons for hating Pelosi was misguided. She’s actually pretty decent imho. She earned her please in Congress. I will never understand the fascination for AOC, Warren, Harris, Bernie.
I’m not too worried. One day we will get back to the days of normalcy where far extremes on the left or right are shunned…
CoronitaParticipantHey Brian. How do you feel about Muslims and Uighur in Xinjiang? Pretty Trumpish of the Chinese government, right? Isn’t the government in China great or what??? Pom-poms cheer… Go Brian Go!
CoronitaParticipant[quote=FlyerInHi]A junior diplomat posted to a shithole country.
And what did Trump tweet recently?[/quote]
Ah, so then you are ok with this in China..Basically, admitting Trump and China pretty much feel and act the same way…….And you are a racist, as I previously suspected…. Thanks for confirming it….
It’s ok. It’s been proven progressives can be racists too.
CoronitaParticipantGet out the China Pom Poms, Briansd…. lol…
As you always say Briansd, isn’t China great or what!!!!!
https://www.cnn.com/2019/07/15/politics/susan-rice-chinese-diplomat-tweets/index.html
“Former national security adviser Susan Rice condemned a Chinese diplomat as “a racist disgrace” following incendiary tweets by the envoy.In an apparent attempt to deflect international criticism of China’s mass detention of Muslims and other religious minorities in the Xinjiang province, Lijian Zhao wrote a series of tweets this weekend that were seemingly meant to highlight flaws in the United States, including racism, gun violence and income inequality. Zhao referenced a joint statement signed by 22 countries last week in condemnation of China’s moves in Xinjiang, where up to two million people have reportedly been detained in the camps and subjected to torture and forced re-education. He also mentioned a separate joint statement from 37 countries — many of which with their own shaky human rights records — which commended China for its “remarkable achievements in the field of human rights.” He called this letter a “big slap on the face of US &its western cohorts.”
In two of those tweets — which have since been deleted — the deputy chief of mission in Islamabad wrote that if “you’re in Washington, D.C., you know the white never go” to the southeastern part of the city “because it’s an area for the black & Latin.”CoronitaParticipant[quote=ltsdd]DRIP and Profit-locking (aka buy low, sell high) are not mutually exclusive.[/quote]
DRIP investing assumes a regular interval contribution to a passive investment that you don’t muck around with.
Trying to “buy low or sell high” is market timing and wouldn’t be considered DRIP “investing”….
Regularly saving money off to the side also isn’t DRIP investing.. It’s DRIP savings….
If you’re regularly saving and then trying to move a large chunk into the markets at the low points, even if it’s just a basket of index funds, that’s market timing and not drip investing. My coworker had $20k extra from a bonus and wanted to start investing in the stock market last year. He wanted to move the entire $20k at once into a backet of index funds when he thought the market was low. I advised him against that, and told him beyond moving the $3000 initial required investment into a index fund, just spread the rest of the $17k over a timed automatic investment into the same index fund…. He didn’t listen and moved the entire amount into one index fund thinking he could time the markets… It didn’t work out, and the market went down, and so did his net worth. Had he just made regular small contributions into the same index fund each month, he would have caught both the high and low points and done better this day.
Market timing might work a few times if you are lucky. It’s unlikely you are smarter than the markets over the longer period of the time… I am sure if you ask some folks that sat out the markets for the past 10 years waiting for the big crash, the their investment accounts will tell a story whether trying to outsmart the markets actually worked….
CoronitaParticipant[quote=ltsdd]DRIP and Profit-locking (aka buy low, sell high) are not mutually exclusive.[/quote]
DRIP investing assumes a regular interval contribution to a passive investment that you don’t muck around with.
Trying to “buy low or sell high” is market timing and wouldn’t be considered DRIP “investing”….
Regularly saving money off to the side also isn’t DRIP investing.. It’s DRIP savings….
If you’re regularly saving and then trying to move a large chunk into the markets at the low points, even if it’s just a basket of index funds, that’s market timing and not drip investing. My coworker had $20k extra from a bonus and wanted to start investing in the stock market last year. He wanted to move the entire $20k at once into a backet of index funds when he thought the market was low. I advised him against that, and told him beyond moving the $3000 initial required investment into a index fund, just spread the rest of the $17k over a timed automatic investment into the same index fund…. He didn’t listen and moved the entire amount into one index fund thinking he could time the markets… It didn’t work out, and the market went down, and so did his net worth. Had he just made regular small contributions into the same index fund each month, he would have caught both the high and low points and done better this day.
CoronitaParticipant[quote=temeculaguy]And you left out that he said drug treatment should be free and available to all.
Sometimes I wonder why I even try sometimes, you win, my heroes are bad, yours are good. But I will mourn mine. I don’t need company, carry on, I hope you get the government you deserve.[/quote]
We lost two guys I really like….
Ross Perot and John McCain.
I never thought I’d say this.. But Nancy Pelosi isn’t as bad as I use to think…100x better than AOC fringes….
I don’t know. I think the Democrat party is on the verge of a breakup and splintering. And that might be a great thing.
I’m hoping a lot of a moderates bailout on this party and a lot of moderates that bailed out of the republican party can find something the rally under and leave this extremes on the both side once and for all. AOC, Warren, Bernie, Harris, can keep the old democrat party…But they might as well change the party name to the American Socialist Party at that point….I think both parties really stopped representing most americans once the extreme wackos started taking over.
CoronitaParticipantThat return was since I started 20 years ago. The first 10 years included the great recession/crash of 2000 and 2001.
So I guess the question is… Which is more a likely outcome. Guessing when you can time the markets to get in and out before the peaks and valleys hit.. Or just leaving it in there a long time until you actually need the money….
And besides, like I said $260/month every month over 20 years…$260/month!!!! That same money, the average stupid american would have spent it on a stupid new iPhone and macbook which ROI would have been eventually $0…. or 3 tanks of gas for their overly large SUV….
I’ll take the brain dead approach for this small part of my net worth…..Meanwhile, there’s other sources of income….
CoronitaParticipantThis is what doing an auto deposit of $260/month into one vanguard account containing a basket of passive index funds for the past 10 years beyond the initial $20k seed deposit and maybe additional one time deposits totally $50k distributed along the 20 years looks like… Basically instead of two nice dinners each month…no frills, no guess work, no market timing. Not trying to get the highest returns each year.
You snooze, you lose[img_assist|nid=26835|title=vanguard|desc=|link=node|align=left|width=100|height=79]
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