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patientrenter
Participantcontraman, not paying any taxes on the gain on sale of the properties, and transferring all the monies over to your 410k plan, is perfectly justified as long as your 401k plan was the legal owner of the properties.
How did your 401k take tax deductions on the interest and other expenses of property ownership before you sold? And how did you get a bank to lend money to your 401k to buy it in the first place?
I am fascinated by the idea that every wealthy person in the US is doing this, whatever THIS is.
Patient renter in OC
patientrenter
Participantcontraman, not paying any taxes on the gain on sale of the properties, and transferring all the monies over to your 410k plan, is perfectly justified as long as your 401k plan was the legal owner of the properties.
How did your 401k take tax deductions on the interest and other expenses of property ownership before you sold? And how did you get a bank to lend money to your 401k to buy it in the first place?
I am fascinated by the idea that every wealthy person in the US is doing this, whatever THIS is.
Patient renter in OC
patientrenter
Participantcontraman, not paying any taxes on the gain on sale of the properties, and transferring all the monies over to your 410k plan, is perfectly justified as long as your 401k plan was the legal owner of the properties.
How did your 401k take tax deductions on the interest and other expenses of property ownership before you sold? And how did you get a bank to lend money to your 401k to buy it in the first place?
I am fascinated by the idea that every wealthy person in the US is doing this, whatever THIS is.
Patient renter in OC
patientrenter
ParticipantRich, that was a great analysis of the meaning and consequences of the Fed’s rate reduction. Thank you. You sound a little ticked at the readiness of the Fed to throw itself behind boosting markets, spending, and borrowing and lending, over boosting the dollar and saving.
I am puzzled by what happened in the currency markets today: The dollar appreciated against the yen, but depreciated against the euro and british pound. Any ideas, Piggingtons? I know that reducing US interest rates makes the higher-yielding euro and pound relatively more atractive vs the dollar, but why would they become more attractive against the yen? Surely the carry trade from yen into euro/pounds looks more risky now, with a greater chance of declining rates in Europe to keep up some with the Fed cuts.
Patient renter in OC
patientrenter
ParticipantRich, that was a great analysis of the meaning and consequences of the Fed’s rate reduction. Thank you. You sound a little ticked at the readiness of the Fed to throw itself behind boosting markets, spending, and borrowing and lending, over boosting the dollar and saving.
I am puzzled by what happened in the currency markets today: The dollar appreciated against the yen, but depreciated against the euro and british pound. Any ideas, Piggingtons? I know that reducing US interest rates makes the higher-yielding euro and pound relatively more atractive vs the dollar, but why would they become more attractive against the yen? Surely the carry trade from yen into euro/pounds looks more risky now, with a greater chance of declining rates in Europe to keep up some with the Fed cuts.
Patient renter in OC
patientrenter
ParticipantRich, that was a great analysis of the meaning and consequences of the Fed’s rate reduction. Thank you. You sound a little ticked at the readiness of the Fed to throw itself behind boosting markets, spending, and borrowing and lending, over boosting the dollar and saving.
I am puzzled by what happened in the currency markets today: The dollar appreciated against the yen, but depreciated against the euro and british pound. Any ideas, Piggingtons? I know that reducing US interest rates makes the higher-yielding euro and pound relatively more atractive vs the dollar, but why would they become more attractive against the yen? Surely the carry trade from yen into euro/pounds looks more risky now, with a greater chance of declining rates in Europe to keep up some with the Fed cuts.
Patient renter in OC
patientrenter
ParticipantRich, that was a great analysis of the meaning and consequences of the Fed’s rate reduction. Thank you. You sound a little ticked at the readiness of the Fed to throw itself behind boosting markets, spending, and borrowing and lending, over boosting the dollar and saving.
I am puzzled by what happened in the currency markets today: The dollar appreciated against the yen, but depreciated against the euro and british pound. Any ideas, Piggingtons? I know that reducing US interest rates makes the higher-yielding euro and pound relatively more atractive vs the dollar, but why would they become more attractive against the yen? Surely the carry trade from yen into euro/pounds looks more risky now, with a greater chance of declining rates in Europe to keep up some with the Fed cuts.
Patient renter in OC
patientrenter
ParticipantRich, that was a great analysis of the meaning and consequences of the Fed’s rate reduction. Thank you. You sound a little ticked at the readiness of the Fed to throw itself behind boosting markets, spending, and borrowing and lending, over boosting the dollar and saving.
I am puzzled by what happened in the currency markets today: The dollar appreciated against the yen, but depreciated against the euro and british pound. Any ideas, Piggingtons? I know that reducing US interest rates makes the higher-yielding euro and pound relatively more atractive vs the dollar, but why would they become more attractive against the yen? Surely the carry trade from yen into euro/pounds looks more risky now, with a greater chance of declining rates in Europe to keep up some with the Fed cuts.
Patient renter in OC
patientrenter
ParticipantThanks ocrenter. I can’t figure out if schizo is a genuine but not very grounded future home buyer, or a real estate insider trying to boost the market. Presenting the real data you did here, as clearly as you did here, should wake up any people taken in by schizo’s bottom-calling.
Patient renter in OC
patientrenter
ParticipantThanks ocrenter. I can’t figure out if schizo is a genuine but not very grounded future home buyer, or a real estate insider trying to boost the market. Presenting the real data you did here, as clearly as you did here, should wake up any people taken in by schizo’s bottom-calling.
Patient renter in OC
patientrenter
ParticipantThanks ocrenter. I can’t figure out if schizo is a genuine but not very grounded future home buyer, or a real estate insider trying to boost the market. Presenting the real data you did here, as clearly as you did here, should wake up any people taken in by schizo’s bottom-calling.
Patient renter in OC
patientrenter
ParticipantThanks ocrenter. I can’t figure out if schizo is a genuine but not very grounded future home buyer, or a real estate insider trying to boost the market. Presenting the real data you did here, as clearly as you did here, should wake up any people taken in by schizo’s bottom-calling.
Patient renter in OC
patientrenter
ParticipantThanks ocrenter. I can’t figure out if schizo is a genuine but not very grounded future home buyer, or a real estate insider trying to boost the market. Presenting the real data you did here, as clearly as you did here, should wake up any people taken in by schizo’s bottom-calling.
Patient renter in OC
patientrenter
Participantgold dredger, I don’t know if you were serious or sarcastic, but buying sure looks a lot better now than it did a few months ago, or even a few days ago. I am going to be checking my favorite Asian stocks to see if they have crossed my thresholds for a good enough deal.
Patient renter in OC
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