Recent content by DannoXYZ

I wouldn't try to do options until you've gotten risk-management with stocks mastered first. Due to leverage of options, you could've lost over 50% of your position.

Remember the "Monkey vs. Cramer" website? It was hilarious how the monkey always did better! ahahahahah!!

most OS has font-smoothing feature that smooths ragges edges with anti-aliasing. Some monitors have it as well. Turn that feature on.

Yup, dollar-cost averaging is just rationalization and protecting ego. Plenty of stocks that went down and never recovered. Portfolios would be much better off having dumped these "blue chips": Enron, Lehman Brothers, GM, CitiCorp, US Steel, Eastman Kodak, Xerox, Polaroid, KMart, MCI/Worldcom...

no jury involved. Case is over and closed. All settlement is compensatory and already paid. Exploring options on getting it out of attourney's holding/trust account and distributed to "daughter". Going to ask CFP & tax-attourneys about trust-fund options and how to structure them. Thanks!

It's two-step process. Wrongful-death suit is done and closed. Settlement has been paid to my brother's estate and sitting in attourney's account. Next step is distributing the funds and there's numerous ways to do it. I'm exploring options and if there's way to pass it directly into trust...

I think there is way for attourney to petition court to re-allocate settlement funds, which is sitting in attourney's trust fund. This is separate matter than wrongful-death case itself, which is now concluded and closed. Will consult some attourneys on estate and trust topics, thanks!

Besides, IRS considers compensatory settlement fitting for damages in suit and doesn't consider it taxable. Why would you then think that taxing it is "fair"? Real issue here is determining who should receive that tax-free settlement. And I don't think IRS's determination, based upon pain or...

Not everyone lives on average line, so you can't treat everyone same. Sliding tax-rates based on income is one way tax-man doesn't think everyone should be treated same. You are disagreeing with tax-man, so that's fine. Here's one example, let's say my brother was to live another 10-15yrs and...

He hadn't completed adoption yet. From court's perspective, my dad was heir.

No such thing as there's no way for everyone to agree on what "fair" is. That's very subjective like saying "best flavour" of ice-cream is chocolate. However, that's perfectly equal to and not better or worse than someone else's preference for vanilla. It comes down to numbers. Do you willingly...

Thanks! Doesn't have to be dependent? I should've been asking everyone I know to pay for my tuition!!! :)

No, award went to "sole heir" as determined by Oregon law.

There are numerous ways to do taxes legally with differing amounts due. Don't tell me you do quick form and pay maximum taxes calculated?

That's another good idea! He would have to adopt her as his own kid in order to count her tuition on his taxes. Then when she turns 18, it's no longer deductible. At some point, she needs to learn to manage her own money. Buying her own cars, houses, etc. Just trying to make my brother's money...