XPost: can.general, can.politics, ott.general   
   From: nospam@thanksalot.com   
      
   Canuck57 wrote:   
   > 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.   
      
   I'm a realist. You are delusional.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)