Getting Nervous

[Wheels]

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It's a tax law change a number of years ago. Anyone can do it anytime. There is a limit on the amount though. I think it's $300,000 for a couple. I'm sure someone else here is better versed in it than I.

Dave

 

[Wheels]

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It's in Publication 523. It's $250,000 for an individual or $500,000 for a couple. You have to have lived in the home for 2 out of the last 5 years.

Dave

 

[teknobucks]

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Wheels wrote:

It's in Publication 523. It's $250,000 for an individual or $500,000 for a couple. You have to have lived in the home for 2 out of the last 5 years.

Dave

that's correct.....however there r standards for less than two years of occupancy/ and waivers for military folk.

note:

it could of been a rental property prior to the two years u occupied and still qualify.

example: buy abeach/mountain/lake rentalnow, after u retire go live in it for two years and viola tax free appreciation:^

 

[plpjap]

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This hurricane will be another excuse to raise the price of oil. Get ready for $3 a gallon for gas.

 

[robo]

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Some comments from a Tech:

Okay Everybody, Calm Down

Monday, August 29, 2005, before 12:00 am

Last week's volatility should subside as markets relax for the holiday.

We will produce a buy signal when it reemerges. It will take just four indictors moving to positive this week to accomplish it, but it is more likely to occur after Labor Day. I expect very low volume this week with somewhat less price volatility than last week. We reached the projected decline from the head and shoulders pattern, so a bounce is likely now, and a bigger one is likely if 1190 is approached.

Sounds good, we shall see.... I would like to add some long positions if we hit 1190.... Waiting for 2 more weekend reports, but these are all only opinions. These guys have pretty good track records..... However, I never bet the farmon any of their advice.... It does make for nice reading...... Staying balanced....


This Tech echos you Birchtree.... You did say it first last week...

Birchtree wrote:

The C fund looks like a nice buying opportunity for those of us that were doing dollar cost averaging on Friday. As a matter of fact even the S fund is returning a good value price at current levels. Bring'em both down a little more in the next two weeks so I can play gotcha - then we can rally. Does that sound too bullish?

We have to wait and see how much damage this storm does to oil prices..... I hope people are getting out of the way of this MONSTER! This is not one to ride out.......

 

[richrob3]

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Well I pulled my money out of the "I" fund and re-allocated it to the "F", "C", and "G"and "S". Presently I do own a home in CA. which as appreciated quite handsomely. But you always wonder about the Realestate bubble here in Ca. The prognastigators say that the homes are 50% over valued where I'm living at. Lets hope for a rally this week, but things just don't look very good.

rich



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