(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.)
[Shining] hello I'm baaaack
[burk50] Shining please tell us it is at hand tooo much pressure for all of us right now thx
[Shining] burk50 it is at hand hun, give it a couple days to show and pray nothing changes
[care888] Shining ..question, the optimum time for this to show would be after the banks close tonight and before they open on monday?
[buybyeby] care888 Wells Fargo is open on Saturdays in many locations
[care888] Shining ...just your opinion
[Shining] care888 yes
[misskitty05] buybyeby Goldman says banks will be open 24/7
[buybyeby] misskitty05 when RV posts for CE, YES!
[Shining] misskitty05 really? have not heard that
misskitty05] Shining yes he made that statement one night and I asked him whether it was fact or his opinion . He said fact
[Shining] misskitty05 wow that would be amazing!!
Read More Link on Right
misskitty05] Shining yes for CE of course
[Shining] misskitty05 I understand
[sandytob] Shining Hi...nice to see you. Do you think this thing can show over the weekend?
[Shining] sandytob if all stands we should be at the bank next week
[sandytob] Shining so not on the weekend I guess is the answer. Have a reserve that ends Monday...that's why asking.
[buybyeby] Shining i want a peek behind Oz's curtain, please?
[buybyeby] sandytob pay your reserve!
[tatortot] Shining If the process starts doesnt it reach a point where it cant be stopped? I would think if it ever really starts that would be it.
[Shining] sandytob I would reinstate, just as I did this morning
[sandytob] buybyeby would renew it...or buy another one. Cannot pay it off or else I would have bought it outright, lol
[Shining] tatortot I believe we are there (IMO)
[buybyeby] Shining i know OZ is an old man pulling levers and all, but still want to
[Shining] buybyeby roflmao
tradewind] Shining is this like kwaite 10 day hold?
[Shining] tradewind hun I have no idea about Kuwait, BUT I do know this particular rv is a bit of an oddity in that it involves many other processes
[flashing] look at this, it is excellent: He said Hassoun (News News Agency): the Iraqi dinar has made him a force on its value and not vibrate to any financial or economic crisis in the country, including the Central Bank, because it hedged by cash reserves of hard currency. :whoohoo: :whoohoo:
flashing] the link is here: http://bit.ly/100pznj
[flashing] so if u have any doubt about ur investment the answer is there. :whoohoo: :whoohoo:
[burk50] Flashing does this mean this week?
[flashing] burk50 rumors 3 kings day or right after :whoohoo:
[flashing] for the third consecutive day the same article has been issued in the media: The Emir of Kuwait Sabah Al-Ahmad Al-Jaber Al-Sabah to resolve all outstanding issues with the Iraqi side. Are they trying to say something? :
[buybyeby] flashing like dropping leaflets from a plane
[spiritfilled] flashing just refreshing memory ..is 3 kings day Sunday 6th or Mon 7th??
[flashing] spiritfilled sunday
[findmoney] Been looking at the tax deal. And Its some scary conclusions. Social Security. ( Which is a huge ponzi scheme) Payroll deduction rates are now up from 4.3% to 6.2%. That clobbers the middle class. For Example a person making 500 a week will now pay 10 bucks more
[tc0043] My fellow castle dwellers and family, when you meet with your investment professional please remember to ask him or her about investing large sum of money into tax free municipoal bond MUTUAL FUNDS and generate amonthly tax free income for your self.
[BocaLinda] tc0043 now im corn-fused! didn't someone post on recaps last week to stay away from all bonds?
[tc0043] Try to pick the one`s that have the best previous ten year track record and if you`re in a state that has an income tax, try to invest in one sponsored by your state.
[Shining] BocaLinda gov bonds I beleive
[Shining] <---not investing for at least 6 months to let things stabilize
[tc0043] BocaLinda Invest in MUTUAL FUNDS not individual bonds.
[BocaLinda] Tc0043 oh thot u said municipal bonds...
[Jeff] you need to look at real estate before prices go up
[Papa Bear] tc0043 Good idea! With making a purchase of at least $1million, you will not have to pay a commission.
[Shining] Jeff Real Estate definitely, but no stock market and such,,, gold, silver yes,,but that's just me
[Shining] <<--will be buying plenty of real estate lol
[tc0043] Papa Bear exactly, but your broker will still receive a commission based on 1% of your investment.
[Papa Bear] Hello everybody!
[Shining] Someone once told me own nothing control everything :
[Waiting] Papa Bear hello - more good news??
[okrocks] Shining heard that more than once
[BocaLinda] I think the market will tank even further for real estate. we can really buy beautiful properties!
[deb2blessed] Be sure your real estate purchases are not in your name...either in a trust, LLC, or whatever to protect your asset
[Shining] deb2blessed they will NOT be in my name :
[deb2blessed] Right..,control everything...own nothing
[tc0043] Shining I understand your apprehension on investing in stocks and agree to a point, however , people need to understand that tax free municipal bonds are issued to fund projects related to infrastructure.
[Shining] tc0043 I agree with state bonds
[sandytob] Shining deb2blessed Can either of you please explain this to me. It is my understanding that many ppl intend to buy houses and cars, etc. using an llc. However, my understanding is also that a llc is only for conducting business with.
[findmoney] tc0043 If people get clobbered on taxes and CANNOT pay property taxes Muni bonds bubble bursts
[Papa Bear] The $5 million lifetime gift has been increased to $5.25 million in the new tax law.
[sandytob] Papa Bear that's good news!
[Papa Bear] The Annual gift exclusion has been raised to $14K
[tc0043] sandytob You are correct. Any corporation formed will need to show an income to be deemed a legal entitty by the UST.
[Papa Bear] sandytob yes, but it will be deducted from your lifetime exclusion.
[sandytob] Papa Bear that would be ok
[ram1] sandytob trying to escape taxes and they will be caught IMHO
[ram1] Papa Bear The capital gains long term was increased to 20% correct?
Papa Bear] ram1 yes
[max13th] Papa Bear did not see that increase of 1 K to the gifting. Did the 5 million lifetime get raised as well? Would like to see a link if you have it
[sandytob] ram1 but I think that a trust can purchase a house...especially a family trust.
[spiritfilled] tc0043 I was a stock broker in the early 70's and sold a lot of muni bond funds to retirees ...you are spot on ..just look at the track records, etc of the entity issuing the bonds and there you are..
[showmethemoney] max13th you can give a lot more thru endowment plans tax free
[ram1] Papa Bear Great. So the rumor anything over 5 million changes to estate tax 40% was a rumor?
[Papa Bear] Other note, the Act makes permanent the "portability" concept. If the first spouse dies without using all of their excemption, the balance passes to the surviving spouse.
[max13th] showmethemoney I know that, my interest is in the recent 13K to 14 K change, but thanks
[tc0043] spiritfilled ty I have been doing this for 26 years.
[sandytob] tc0043 are you talking about the mun bonds themselves or mun bond mutual funds?
[Papa Bear] Anything given of the 5.25 million is subject to 40% estate tax
[tc0043] sandytob Mutual funds. You get immediate diversification.
[Papa Bear] It appears the estate tax exemption will be adjusted for inflation. Last year it was 5.2, 2013 it appears it will be 5.25 million
[misskitty05] I thought that if you stay withing the 13K/14K limiti per person per year that it did not count against your liftime gift exemption. Is someone saying that is wrong?
[sandytob] Papa Bear you have to pay estate taxes on the gifts that you give???????
[sandytob] tc0043 and they have been performing well? Do you know what kind of return they have?
[Mitzi] misskitty05 misskitty05 YOU ARE CORRECT
[jyburt] how much is taxes on short term
[max13th] jyburt could be 39.6% Fed
[misskitty05] Mitzi ok thank you..so you can gift 13K (or 14K, if changed) per person per year without eating into your lifetime gift tax exemption and without paying any gift tax
[Mitzi] misskitty05 yes
[jyburt] max13th sweet and state is fifteen percent so more than half
[tc0043] sandytob Yes I have 4 different one`s picked out that have averaged 4.8% per year for the past ten years.
[max13th] jyburt change states, Indiana less than a 1/3 of that lol
[sandytob] tc0043 and that's a better return than buying indiv bonds?
[Mitzi] misskitty05 yep, I was worried about that too and relieved to see the 14K
[tc0043] sandytob That I don`t know because I only market mutual funds, but it is less risk.
[misskitty05] sandytob there is gift tax (for lifetime gifts) and then there is estate tax for gifts after death.
Grandpa10] tc0043 Theer is a lot of miss information on here this morning about investing and taxes. DO NOT take from here to make life desisions, seak PROFFESIONAL help, PLEASE
[Jeff] Grandpa10 tcoo43 is a professional I happen to know that for a fact but yes you are right as well
[ram1] Papa Bear Great. So the rumor anything over 5 million changes to estate tax 40% was just a rumor?
[Papa Bear] Shining U can post what I sent u if u want
[Papa Bear] misskitty05 If shining will post what was emailed to her it will clear things upk
[Shining] Papa Bear rofl , will do
(Dinar Recaps Note: When this document is available we will post for you,)
[Jeff] Hello everyone good afternoon. Been pacing up and down my hallways today... Nervous…LOL…I feel like I am waiting on the birth of another child LOL
[Waiting] Jeff lol - are you hearing good things also??
[Jeff] Waiting YES
[Jeff] cannot confirm anything sorry
[Jeff] that is why I am nervous I think
[okrocks] Jeff ahhhhhhhhh you too :)
[okrocks] I love today's excitement from so many of us... its a good thing