Ah, Vinny. The grammar, punctuation, typos and misuse of parenthetical clauses in this post are downright painful.vnatale wrote: ↑Tue Apr 14, 2020 7:00 pmWhy should I be not surprised that "gem" creator Tyler also uses words precisely and correctly??!!
I am putting you all on notice. Pay attention the next times you hear someone say this word. More times than not they use it incorrectly. They say it when they mean "misconception". These people are only not sports related people (generally not the most intellectual or highly educated in our society) but, at first shocking to me, the highly educated also!
General Discussion on the Permanent Portfolio Strategy
Moderator: Global Moderator
- Mark Leavy
- Executive Member
- Posts: 1721
- Joined: Thu Mar 01, 2012 10:20 pm
- Location: US Citizen, Permanent Traveler
- Executive Member
- Posts: 6621
- Joined: Fri Apr 12, 2019 8:56 pm
- Location: Massachusetts
Tyler wrote: ↑Sun Aug 12, 2018 10:09 am
I've always thought "collectibles tax" is a misnomer, as it implies a separate tax on top of what you'd normally owe. However, gains from gold are taxed as ordinary income at whatever tax bracket you fall in but with preferential treatment that the tax is capped at 28%. You also have control over when and how much you need to sell. Compare that to bond interest that is also taxed as ordinary income but with no such cap and no choice but to pay it every year.
In any case, I've personally come to the conclusion that the simplicity, predictability, and flexibility of just having separate complete portfolios in each account more than makes up for any theoretical tax savings from over-thinking where to store every last penny. But obviously YMMV.
I think that this is something I could live with and would achieve the proper balance for me for doing something that makes sense and ending the endless research / thinking I would continue to do to come up with that ever elusive optimal solution.
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats."