Why Roth IRAs are so valuable...

[murray t turtle]

I'll just add this to why (now and in the future), you want to have a lot of assets, but very little income. Grow your assets...Not your income.

https://ktla.com/news/local-news/california-power-companies-roll-out-fixed-rate-bill-proposal/

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True, capital gains are important;
never heard the goofy idea of a utility charging on income /most charge on power used.
NO wonder so many moved out of CA into no or low tax states;
+ one of those power companies went belly up bankrupt
Also sounds a bit low, wonder if they are trying to rip off larger companies on that??

 

[Cabin111]

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True, capital gains are important;
never heard the goofy idea of a utility charging on income /most charge on power used.
NO wonder so many moved out of CA into no or low tax states;
+ one of those power companies went belly up bankrupt
Also sounds a bit low, wonder if they are trying to rip off larger companies on that??

I think there will also be some type of maintenance fee for each customer...$15.-$25. per client. These fees are only the electric provided and probably by the size of an average house. Go above what is allotted and pay extra...Something like that.

 

[murray t turtle]

I'll share some of my holdings...Very boring companies, outside the US. I buy these for security...Not even for income or growth. Just my style...Diversified assets.

Please feel free to invest in these...Help my portfolios (trust and Roth)!!

GMAB, GSK, GNC.AX, IPH.AX, CDUAF, BBCA, EWA, RING, THD, FICDX, BRDCY, NVS, FJTSY, EWY, RBHLY, EWC, PCRFY, BP, TRYIY, TEVA, VPL, FEM, also many mutual funds with foreign companies in them.

When the government comes looking...No income here. We'll move on...

I'll give you one last example of asset vs income. For our third vehicle, we own a 2005 Chevy Colorado. We bought it new in 2005 for about $10,000. During the middle of the pandemic (when cars were in short supply), I could have sold it for $10,000.!! Yeah, I know most cars/trucks depreciate and are a poor investment (none at all). But sometimes, they can be an asset that holds or retains good value while being used. Think of a Honda Civic and the resale value of it after you bought it new...Use it for 5 years and 60,000 miles. Great ride and good asset to sale for value later in life. Just how I think...

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NEM sector can do well /long term because gold , copper + silver + many metals will not rust like a car can.
I dont keep up with non US car markets even though some make a fortune doing that;
good market for scrap US auto. I bought a good Goodyear or Goodrich used tire before i traded off a used 4 cylinder. I buy gasoline from BP,XOM MRO or MPC, MUR..... some , not much with a 4 cylinder. SVB style woke broke = much more risk , obvious now.
The scrap dealer that sold the GoodYear or Goodrich tire to me wrote ''good'' on it''LOL