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The 10 Most Recent Messages By TransverseSlice

Take me back to where I was.
  • Date: 1/17/18 5:15 PM
  • Number: 233942
  • Recommendations: 0
The amusing thing about some of this tax lot business is that owning 100 shares of stock XYZ with an
average cost basis of $50 (with lots bought above and below) can often be worth more, from an after-
tax perspective, than owning 100
(Continued...)
  • Date: 1/17/18 5:05 PM
  • Number: 233941
  • Recommendations: 0
If I bought 200 shares of IBM 2 years ago at $200, and another 200 at $150 last year, and it is now at $168, am I at liberty to sell the first lot of shares at a loss (taking a capital loss), OR the second lot of shares at a profit (taking a
(Continued...)
  • Date: 1/17/18 1:33 PM
  • Number: 233932
  • Recommendations: 4
I gather the new tax act restricts this (to me) huge loophole.
I was amazed to hear Americans could do that!


The FIFO rule was dropped from the bill:

(Continued...)
  • Date: 1/17/18 12:54 PM
  • Number: 233929
  • Recommendations: 0
By the way, Buffett implied that some shares could be sold for a loss (in 2017), and others for a gain (in 2018). That is logical, but can we infer that subsidiary holdings are treated separately, for tax purposes?

I don't think
(Continued...)
  • Date: 1/16/18 6:54 PM
  • Number: 233923
  • Recommendations: 5
It's slow around here, so I thought I'd make some unsolicited comments about LYB
that might offer some general lessons (the security isn't particularly "in play" for
me anymore either).

LYB screens
(Continued...)
  • Date: 1/14/18 9:26 PM
  • Number: 233915
  • Recommendations: 2
Is there anybody here who can explain how the Surface Transportation Board regulates rail profits?


I am not an expert, but I did look into this quite a bit many years ago.

I think the key is to look at studies/summaries
(Continued...)
  • Date: 1/13/18 12:13 PM
  • Number: 233892
  • Recommendations: 11
Off mungo's list, if I had to pick it would be either BAC or Berky. Apple, Google and Wells
would be runner-ups.

I own Berky and Wells, but have been trimming lately.

I find naren's list more interesting. I am pretty
(Continued...)
  • Date: 1/13/18 11:26 AM
  • Number: 233886
  • Recommendations: 5
Courtesy of Tim Hartford at the FT:

www.dtc.umn.edu/~odlyzko/doc/hallucinations.pdf

It's a pretty interesting account of the Railway Mania in the 1840s. I
(Continued...)
  • Date: 1/8/18 2:09 PM
  • Number: 233757
  • Recommendations: 13
On the theme of anecdotal experience related to wealth and happiness.

Looking back, the happiest periods of my life were a "gap" year before grad school and my
middle grad school years. Income was pretty low - effectively the
(Continued...)
  • Date: 1/7/18 4:17 PM
  • Number: 233728
  • Recommendations: 5
If you think that all of those notions are valid, it's necessary to believe in mean reversion.


Absolutely NOT.

Showing that certain measures are bounded doesn't mean that there is any sort of inevitable mean
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Take me back to where I was.
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