OBGibby's Account Talk

[h=2]Saturday, November 10, 2012[/h][h=3]How To Raise Tax Revenue From The Rich Without Increasing Tax Rates[/h]
According to the Tax Policy Center, if we cap itemized deductions at $50,000 and keep tax rates as they are today, we would raise $749 billion in tax revenue over ten years. Moreover, according to the TPC's distribution table, 96.2 percent of the extra revenue would come from the top quintile, with 79.9 percent from the top one percent.

This may be the germ of a possible deal between President Obama and Speaker Boehner: The speaker agrees to this tax hike if the president agrees to some fundamental reform of the entitlements, such as gradually but significantly raising the age of eligibility for Social Security and Medicare.



Greg Mankiw's Blog
 
Obama Isn't Jimmy Carter, He's the 2nd FDR - Mark Hendrickson, Forbes

".....Obama adopted the cynical strategy of the opportunistic politician—his campaign was directed to various special interest groups to line up their votes. Romney was more the statesman, campaigning primarily on the more idealistic theme of fixing a broken country......"

".....The 2012 election was indeed pivotal. Like Roosevelt’s victory in 1936, it may indicate that Big Government will remain the regnant ideology for many more years......"
 
According to my tsp.gov online account, my 'Personal Rate of Return' for the twelve months ending November 30, 2012, was up 11.31%.

Personal Rate of Return
2009 +29.86%
2010 +13.31%
2011 -0.74%

January 31, 2012 +3.19%
February 29, 2012 +4.54%
March 31, 2012 +4.81%
April 30, 2012 +0.83%
May 31, 2012 -2.50%
Jun 30, 2012 +3.83
Jul 31, 2012 +4.83%
Aug 31, 2012 +10.72%
Sep 30, 2012 +20.00%
Oct 31, 2012 +9.36%
Nov 30, 2012 +11.31%

CURRENT AUTOTRACKER THROUGH November 30, 2012: +11.05%
 
According to my tsp.gov online account, my 'Personal Rate of Return' for the twelve months ending December 31, 2012, was up 11.42%.

Personal Rate of Return
2009 +29.86%
2010 +13.31%
2011 -0.74%
2012 +11.42%

AUTOTRACKER FOR 2012: 11.97%
 
Goals for 2013: Positive return and will be happy to get 10-12% again. Want to break through the $250K level with the balance. If I can do both I'm be happy and anything more will be a bonus.

Currently 40% in equities, with 20% in bonds and 40% in G. Still looking to incrementally get back to a larger exposure in equities. Will likely add 5-10% in January to C/S/I.
 
Tom Harkin of Iowa Won’t Seek Another Senate Term

Good time to go. Better to bow out on one's own terms than lose at the polls. GOP prospects of taking back the Senate in 2014 looking better every day...
 

How to Miss a 125% Bull Market - Forbes

".....Or is it you, dear clear-headed realist, with your well-founded fears, proud disdain of propaganda for the “sheeple” and a pile of money that’s done nothing while the stock market was rallying 125%?
How’s the return on all those doomsday warnings from zerohedge and all those extra cans and jerky?....."
 
You're finding the good stuff - the article from Forbes provided me some confirmation that I've been on the right track with this bull market - buying all along the trail from the depths of the canyon to the high country.
 
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