Quote:
Originally Posted by lewdog
Jesus Buehler, I'm not dying on this hill either. I'm simply showing what could happen if quick selling all at one times happens, which has happened twice in the past 13 years.
The current short term downward trend line now has 5 points of resistance on it, so suck on that one!!!!
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Yeah, sorry. OCD got in the way.
The current downtrend line is exactly the reason it was stupid to kick more money into the IRA.
Speaking of IRAs, your boy about screwed up. Farms operate on cash accounting because we can't control gross revenue and it gives us the flexibility to manage taxable income over time. Well, I was thinking with rising interest rates, I'd take some more income this year, pay tax on it and improve my working capital position.
Fortunately I remembered both wife and I have ROTH contributions that are income limited. I didn't do it, and need to remember that its BAD if my income gets too high. It was super easy to get my personal income WAY below the limit, so it's fine, but damn, that's just the moronic shit I'd do.
I don't pay much attention at all to my personal shit, but I'm a nazi about the farm stuff. Looks like I have another data point to manage at FYE.