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Thread: I just have to share...

  1. #1
    Forum Guru CPangracs's Avatar
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    I just have to share...

    ...that my mutual fund has made me more than $5,000 over the last week, and $9,000 Since November 2!

    I love America!!
    Any man who refers to himself as an "intellectual" quite obviously isn't.

    -Me

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    Forum Guru Doctor Sinister's Avatar
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    Oh my God!

    Is that taxable?

    Dr. S.

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    Quote Originally Posted by CPangracs
    ...that my mutual fund has made me more than $5,000 over the last week, and $9,000 Since November 2!
    Just remember that it isn't really worth anything until you successfully convert it to spendable money.

  4. #4
    Junk Science Debunker The Doctor's Avatar
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    Unfortunately the following formula is fairly universal:

    M = Money I make.

    T = Taxes I owe(.280M).

    W = Money my wife must spend(.719M).

    t = Toys I want(.005M).

    T + W + t = 1.004 M

    Guess which variable reqiures creative financing?
    "Exitus acta probat"(The ends justify the means)
    --George Washington’s Family Motto

    "The cause of America is in a great measure the cause of all mankind."
    -- Thomas Paine (1776)

  5. #5
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    could be like me and be broke all the time. then you wouldnt have to worry about what section to buy.

  6. #6
    Harpoon Forum Moderator
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    bah, I get that for spending a week in a "warzone"...

  7. #7
    Forum Guru CPangracs's Avatar
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    Quote Originally Posted by Doctor Sinister
    Oh my God!

    Is that taxable?

    Dr. S.
    Nope - it's all in a Roth IRA, and a joint mutual fund, from which take the yearly distributions on what I've made IN CASH - which normally happens around, 12 NOVEMBER OF EVERY YEAR!!!

    Unfortunately, the part of the mutual fund I take out in distro IS taxable, but it's only going to be about $1000,...but it's $1K I DIDN'T have last year!


    Any man who refers to himself as an "intellectual" quite obviously isn't.

    -Me

  8. #8
    Forum Guardian Temujin's Avatar
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    Quote Originally Posted by CPangracs
    ...that my mutual fund has made me more than $5,000 over the last week, and $9,000 Since November 2!

    I love America!!

    Great!! you made what could be 10 families yearly income in a year in a third world country, all for doing squat! (Not that your efforts to raise the money to invest was from squat)

    Anyway, go argue with Marx, Jesus (didnt he say something about 'interest'?) or Allah if you think thats an unfair statement.

    Have you read the argument of the morality of earning money from money?

  9. #9
    Forum Guru CPangracs's Avatar
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    Quote Originally Posted by Temujin
    ... Have you read the argument of the morality of earning money from money?
    Can't just be happy for someone who has continued to invest in his country even after the 9/11 attacks, when most people were pulling their money OUT of the market because they were greedy bastards, and a war in Iraq, and who is now reaping the benefits of his belief in the resiliance of his country.

    Do you put any money in a bank that earns any interest at all? If so, then you have no room to talk to me about moral monetary arguments. If you DON'T, then you are, IMO, ignorant of your future.
    Last edited by CPangracs; 12 Nov 04 at 23:59.
    Any man who refers to himself as an "intellectual" quite obviously isn't.

    -Me

  10. #10
    Forum Guardian Temujin's Avatar
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    Quote Originally Posted by CPangracs
    Can't just be happy for someone who has continued to invest in his country even after the 9/11 attacks, when most people were pulling their money OUT of the market because they were greedy bastards, and a war in Iraq, and who is now reaping the benefits of his belief in the resiliance of his country.

    Do you put any money in a bank that earns any interest at all? If so, then you have no room to talk to me about moral monetary arguments. If you DON'T, then you are, IMO, ignorant of your future.
    I do a little but ive only got a dispsable income atm. I don't put it in the bank for the purpose of interest anyway, what little i have wouldt generate much, i just put it there because i'd probably forget where i put it if not.

    I'm not so much against you getting your returns, just thought since so many have so little i might be able to dent your glee of what you had, a tiny little nanometre. C'mon, did it make you think of those less fortunate for one little second? Maybe you could sponsor some starving child in Africa!

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