XPost: can.general, can.politics, ott.general   
   From: Canuck57@nospam.com   
      
   On 04/07/2011 11:39 PM, merlin! wrote:   
      
   >> Anyway, if you sell some shares and realize a nice capital   
   >> gain, it's not rocket science to know you are going to be   
   >> taxed on that capital gain.  It's not rocket science.   
   >>   
   >> So you are sitting ith a nice, say, $20,000 capital gain.   
   >> Capital gains are taxed, IIRC, at one hallf your prevailing   
   >> tax rate.  Let's assume you are in a 50% marginal tax rate.   
   >> So park $5K in some high risk investment like a cashable   
   >> GIC, and reinvest the rest.  Come tax time, you have the   
   >> money available to pay taxes owing.   
   >   
   > I don't know, I am not an accountant. I know they got no money from sale   
   > of anything, and a lot of them ended up in serious debt and bankruptcy.   
      
   If you know grade 6 math, you should be able to cope.  But if your   
   assets are sold, and no money left after paying debts and fees, you get   
   zero!!!   
      
   An example, buy a hous for $300K, $290K mortgage, forced to sell, well,   
   you will have a small debt to repay.  As you didn't have any equity.   
      
   Assets minus debts == equity.   
      
   Simple.   
      
   >> A friend's parents were married for 60 years before one of   
   >> them passed away.  Sure, they changed over time.  And I'm   
   >> willing to bet there were times they were ready to kill each   
   >> other.  But they made it work.   
   >>   
   >> In fact, in my extended family and circle of friends, I can   
   >> think of dozens of people who've been married 20, 30, 40 or   
   >> more years.   
   >>   
   >> You want to make a marriage last?  Think you could learn   
   >> something by talking to someone who's made it last?  Think   
   >> they haven't faced a lot of the same challenges and issues   
   >> you're facing?   
   >   
   > You sure are full of advice, for someone who knows nothing about any of   
   > this.   
      
   Lots of people like John and I negotiate this quite well.  Here is a   
   hint.  Envy, self pity, personal greed and whining do no work.   
      
   >> Good financial planning includes making sure you have the   
   >> tools in place to cope with bad things when they happen.  We   
   >> all like to think we are indestructible and will live to age   
   >> 90+.   
   >>   
   >> But if you are honest with yourself, x% of the people you   
   >> went to school with are dead by the time you are 40.  What   
   >> would the impact on your partner be if you met your untimely   
   >> end?  Or if you were disabled and could no longer work?   
   >> That's why you get life and disability insurance.   
   >   
   > You sound like an infomercial. Are you for real?   
      
   Pretty obvious you are a defeatist.  No success there.  People like   
   winers not whiners.   
      
   --   
   Government isn't the solution to the bad economy, it is the problem.   
   ------   
   In Debt We Trust!   
      -- Obama and the democrats, world record in debt incursion.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)