Stop with the 43% dividend tax

EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.

So I am not quite sure how there can be complaints about the loopholes of the tax system and then at the same time talk about the theoretical maximum on a small population of the party reflects the nation as a whole.

Note that I am not taking a side in if it should or should not be raised. That's a personal political opinion. My only points in the video is that its not going to be the death of dividends.


Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others. I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.

Tax time rant

Just a little rant about the Think or Swim to TD Ameritrade to Sharebuilder transfer

EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.

The best part of this so far is that Penson/Think or Swim didnt pass on my purchases to TD Ameritrade so my cost basis and purchase dates of the purchase are not on the same forms. Basically it means twice the work.

Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others. I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.

Type of Investments: 5 - MLP

The next type of investment an investor might want to consider is both sexy and dangerous at the same time...

EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.

At the time of this posting I do not own any MLPs in the Model Portfolio or elsewhere. For me the complexity and risk is too great and I have been reading and following MLPs for years. But that 8%+ yield sure is tempting isn't it? I strongly encourage talking to a tax adviser (which I am definitely not) before investing in MLPs.

On the other hand don't let me paint the picture that investing in master limited partnerships is bad. Its perfectly legal and quite profitable but as I discuss in the video: its more complex then just picking up some shares of JNJ or KO.

IRS coverage of UBTI : http://www.irs.gov/pub/irs-pdf/p598.pdf

Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others. I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.

Week 26 Deposit and Foreign Taxes

EDIT: At the time this blog entry was posted I had a Youtube video here. That has been removed but I want the rest of my content to be remain. Nothing hidden no past mistakes ignored. All out in the open.

Here is a link to IRS Publication 514. Again, I am not a tax adviser and not saying what ERF taxes will qualify as. I will say though that I will be using Turbo Tax and talking with a licensed tax preparer about it. Whatever taxes are due I'll pay, tax credit or not, and it will not change if I keep owning ERF. It has an 8% yield I think a 15% tax is not going to break anything.

Since I shifted my forex trade size and max loss per trade being on Oanda vs ThinkorSwim I have updated the Trading Account's estimates below.



Weekly Activity
$100 deposit into Investing
$1.65 dividend from ERF

Model Portfolio Totals

Trading Account: $300
Estimated Monthly Income: $0 (Not ready to trade until Phase 1 completed)
Max amount in Forex trade (50% of account): $150
Max loss per trade (1% of account): $3

Investing Account: $1,654.72
Estimated Monthly Income: $5.77
Stock
Energy
     ERF: $1.69 income/month ($0.009 from DRIP shares)
REITs
     O: $1.06 income/month ($0.005 from DRIP shares)
Bonds
     JNK: $1.85 income/month ($0.012 from DRIP shares)
     PCY: $1.17 income/month ($0.005 from DRIP shares)
     TLT: $250 reserved for future purchase
Maneuvering Cash: $410.03

Savings Account: $600
Emergency: $500
Portfolio Protection: $100
CDs: $0
Precious Metals: $0


Disclaimer: The investments and trades in my videos and blog entries are not recommendations for others.
I am not a financial planner, financial advisor, accountant, or tax adviser. The financial actions I talk about are for my own portfolio and money and only suited for my own risk tolerance, strategy, and ideas. Copying another person's financial moves can lead to large losses. Each person needs to do their due diligence in researching and planning their own actions in the financial markets.