tag:blogger.com,1999:blog-4402283548766807872.post1969077949652503255..comments2024-03-29T02:47:49.234-04:00Comments on The Blunt Bean Counter: The Income Tax Planning tail wagging the Tax DodgeThe Blunt Bean Counterhttp://www.blogger.com/profile/11358868550072516313noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4402283548766807872.post-79773680731307509872011-06-17T08:15:58.244-04:002011-06-17T08:15:58.244-04:00Anon, thanks for your comments. I cant argue your ...Anon, thanks for your comments. I cant argue your point to pay as little tax as possible, but as I note in the blog, if you have tunnel vision on taxes, you may cost yourself more overall if other areas are not considered.The Blunt Bean Counterhttps://www.blogger.com/profile/11358868550072516313noreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-15231670379392462042011-06-17T07:55:39.289-04:002011-06-17T07:55:39.289-04:00Return on capital products are also a means to
pos...Return on capital products are also a means to<br />postpone tax. Gains can be offset with realized<br />capital losses. It works for me. Dividend tax credit is another sourse of tax avoidence. Joint<br />accounts avoid probate. ETC ETC. My goal in life is to pay as little tax as possible, it should be yours too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-81459200172667963872011-06-14T10:58:31.961-04:002011-06-14T10:58:31.961-04:00Michael, thanks for your kind comments.
The use o...Michael, thanks for your kind comments.<br /><br />The use of a FTLP when you have capital losses effectively provides for downside protection of almost 50%, thus, I would re-consider that strategy.<br /><br />Personally I use the “patient” FTLP strategy (one of the only investing area I do have patience in). I only buy in years after oil or gold have been massacred and thus, feel my risk is minimized. I find buying FTLP in those years you get better companies in your basket of stocks as money is tight and the better companies are willing to accept flow through funding that they would not typically accept, and since you cannot sell for two years minimum, you usually get a bounce back in commodity pricing, that in conjunction with having better companies gives you a better investment risk. This strategy obviously means I do not buy FTLP’s very often, but it has worked for me.The Blunt Bean Counterhttps://www.blogger.com/profile/11358868550072516313noreply@blogger.comtag:blogger.com,1999:blog-4402283548766807872.post-84866254831835371262011-06-14T10:22:31.230-04:002011-06-14T10:22:31.230-04:00Great post. I couldn't agree more that people...Great post. I couldn't agree more that people sometimes focus on taxes to the exclusion of all other considerations. I've looked at FLTPs myself because I've got a huge backlog of capital losses related to some stock option nonsense, but the risk of the FLTPs kept me away.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.com