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#2431 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Posts: 46,300
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#2432 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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Of course not but over 30 would be nice
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Chiefs game films |
Posts: 296,719
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#2433 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Quote:
My biggest reason for having a Trust would be to delineate monetary assets such as investments, so say my 12 year old son wasn't placed with a lump sum of cash and instead you could delineate money to him over decades if needed. What happens in that scenario where both parents die and let's say have a sum of $250k in investment accounts? They only have one child, who let's say is 10 years old. If they have no trust does that minor really become the sole beneficiary of that lump sum? |
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Posts: 46,300
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#2434 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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GO IQ GO
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Chiefs game films |
Posts: 296,719
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#2435 | |
In BB I trust
Join Date: May 2003
Location: Boston, Mass.
Casino cash: $10029808
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Quote:
Yes, but what will happen in the real world is a guardian would be appointed because nobody is going ot hand a kid $250K in cash. He doesn't have legal capacity to even enter into a contract for God's sake. So hopefully some family member who isn't in it to steal the money for himself/herself steps up, otherwise a bunch of family members potentially fight over the appointment, etc. But if you set up your estate plan that can be in what is called a pourover trust, where your assets (other than specific bequests and the like) are poured over into a trust that exists on paper but has nothing and does nothing until/unless you die, at which point it goes into the trust. The trustee is whoever you appointed etc. etc. Different trusts for different purposes. But yes, if you have underage kids, at least a pourover trust is a damn good idea.
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"I love signature blocks on the Internet. I get to put whatever the hell I want in quotes, pick a pretend author, and bang, it's like he really said it." George Washington |
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Posts: 43,125
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#2436 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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IQ UP AGAIN TODAY
TO THE MOON
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Chiefs game films |
Posts: 296,719
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#2437 |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-1871532
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Is this in an account you can tax loss harvest some? I bought some Tencent in May or so that was down pretty big and was planning to sell some at least for the 31 days but it's recovered quite a bit. "only" down 15% now
I added some United Health UNH on 10/25 and that's up 11% so got lucky on the timing there |
Posts: 7,043
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#2438 | |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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Quote:
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Chiefs game films |
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Posts: 296,719
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#2439 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Bought UPS on November 9th @ 110.50. Sold today @ 116. Had to hold a bit longer than wanted to get to my price point.
4.2% profit netting $300. I'll take it in this volatile market that I think continues to wax and wane. As soon as my 100 shares of IQ gets near $30 I am selling covered calls again until that shit gets sold. I am thinking it will be quite a while to near $30 again though. Months out provided any market stability we may get. |
Posts: 46,300
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#2440 | |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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Quote:
IQ expands into the American market and becomes the dominant global force in streaming service. $$$$$$!!!! Then WWIII starts with America, Canada and Mexico ganging up on Russia and China. BOOMING WARTIME STOCK MARKET! BUY MILITARY BONDS! TRUMP!
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Posts: 296,719
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#2441 | |
MVP
Join Date: Mar 2004
Location: Helena, MT
Casino cash: $1368849
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Quote:
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Posts: 18,647
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#2442 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Quote:
I don't do much for options outside of selling puts and covered calls. I have many long positions but always have a portion of my portfolio to use for swing trades of days to weeks. HON is on my radar again with these tariffs ending and still showing good value. |
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Posts: 46,300
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#2443 |
TACO SALAD
Join Date: Apr 2008
Location: yes
Casino cash: $-1871532
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I just noticed it in the biggest losers list for today down 5+% to 109. That was good timing
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Posts: 7,043
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#2444 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Another crazy day in the market boys!
Take tomorrow off. |
Posts: 46,300
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#2445 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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IQ trolled me
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