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Am I required to report all short-term capital gains on mutual fund stock sales?

03 Sep

I sold some T Rowe Price Retirement Fund stock this year at a profit of just under $300. I’d held it for about 10 months.

Am I required to report this profit? By the way, what is the maximum profit you can earn before you have to file Schedule D?

 
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See what you think of this email I got, is this how Dumbocrats think?

03 Sep

Dinner with Obama………..

Once upon a time I was invited to the White House for a private dinner with the President. I am a respected businessman, with a factory that produces memory chips for computers and portable electronics. There was some talk that my industry was being scrutinized by the administration, but I paid it no mind. I live in a free country. There’s nothing that the government can do to me if I’ve broken no laws. My wealth was earned honestly, and an invitation to dinner with an American President is an honor.

I checked my coat, was greeted by the Chief of Staff, and joined the President in a yellow dining room. We sat across from each other at a table draped in white linen. The Great Seal was embossed on the china. Uniformed staff served our dinner.

The meal was served, and I was startled when my waiter suddenly reached out, plucked a dinner roll off my plate, and began nibbling it as he walked back to the kitchen.

“Sorry about that,” said the President. “Andrew is very hungry.”

“I don’t appreciate…” I began, but as I looked into the calm brown eyes across from me, I felt immediately guilty and petty. It was just a dinner roll. “Of course,” I concluded, and reached for my glass. Before I could, however, another waiter reached forward, took the glass away and swallowed the wine in a single gulp.

“And his brother, Eric, is very thirsty.” said the President.

I didn’t say anything. The President is testing my compassion, I thought. I withheld my comments and decided to play along. I don’t want to seem unkind.

My plate was whisked away before I had tasted a bite.

“Eric’s children are also quite hungry.”

With a lurch, I crashed to the floor. My chair had been pulled out from under me. I stood, brushing myself off angrily, and watched as it was carried from the room.

And their grandmother can’t stand for long.”

I excused myself, smiling outwardly, but inside feeling like a fool. Obviously I had been invited to the White House to be sport for some game. I reached for my coat, to find that it had been taken. I turned back to the President.

“Their grandfather doesn’t like the cold.”

I wanted to shout, “that was my coat!” But again, I looked at the placid smiling face of my host and decided I was being a poor sport. I spread my hands helplessly and chuckled. Then I felt my hip pocket and realized my wallet was gone. I excused myself and walked to a phone on an elegant side table. I learned shortly that my credit cards had been maxed out, my bank accounts emptied, my retirement and equity portfolios had vanished, and my wife had been thrown out of our home. Apparently, the waiters and their families were moving in. The President hadn’t moved or spoken as I learned all this, but finally I lowered the phone into its cradle and turned to face him.

“Andrew’s whole family has made bad financial decisions. They haven’t planned for retirement, and they need a house. They recently defaulted on a subprime mortgage. I told them they could have your home. They need it more than you do.”

My hands were shaking. I felt faint. I stumbled back to the table and knelt on the floor. The President cheerfully cut his meat, ate his steak , and drank his wine. I lowered my eyes and stared at the small grey circles on the tablecloth that were water drops.

“By the way,” He added, “I have just signed an Executive Order nationalizing your factories. I’m firing you as head of your business. I’ll be operating the firm now for the benefit of all mankind. There’s a whole bunch of Erics and Andrews out there and they can’t come to you for jobs groveling like beggars.”

I looked up. The President dropped his spoon into the empty ramekin which had been his crème Brule. He drained the last drops of his wine. As the table was cleared, he lit a cigarette and leaned back in his chair. He stared at me. I clung to the edge of the table as if were a ledge and I were a man hanging over an abyss. I thought of the years behind me, of the life I had lived. The life I had earned with a lifetime of work, risk and struggle. Why was I punished? How had I allowed it to be taken? What game had I played and lost? I looked across the table and noticed with some surprise that there was no game board between us.

What had I done wrong?

As if answering the unspoken thought, the President suddenly cocked his head, locked his empty eyes to mine, and bared a million teeth, chuckling wryly as he folded his hands.

“You should have stopped me at the dinner roll,” he said.

WAKE UP AMERICA !!!

 
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whats the best way to jump start a modeling career?

02 Sep

ive done a few runway shows before but i really want to make a career out of it. ive always had a “thing” for modeling. i think im a beautiful girl & i know i have the look. i just don’t know how to be in the right place at the right time. can anyone give me ideas or if you know of any agencies i can send my portfolio to?

 
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How can I go from being an engineer to a graphic designer?

01 Sep

I already earned a BS in Engineering almost 4 years ago and now realize I would love to work in the graphic design or web design field. I know its mostly about talent and a good portfolio, but I know education is important too. Is it enough to get an Associate’s degree from a community college or should I get one from the art institute online or something? I live in St. Louis so I don’t know of too many art schoools around me with two year degrees. I prefer to not get a four year degree since I’ve already been through all that and I have to do this at night so I can work full time. I’ll take any suggestions to help me get to where I want to go. Thanks!

 
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fidelity mutual funds investment providers?

01 Sep

I was investing with fidelity (well, looking) and the first step was to choose who I should chose as my investment provider

Now what are these? Are the the “blue chips” (not too sure what they are) who are supposed to give fixed return in investments and am I supposed to knowledgeably choose (or whoever’s name i recognize, lol) who I want to invest in?

I thought fidelity just took my money and decided what to invest in…

 
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How can we get business investment in school to be profitable?

30 Aug

Although I’m no strategist/economist/education specialist, I think it would work something like this.. A company can choose to invest in a school (tax incentives aimed at the poorest first) but must make a minimum contribution of $3/student (they could just do an entire grade). So X Company would need about $300 to invest in the senior class at Y High School. $1 would go into a sort of stock portfolio as investment to profit the company (this is the trickiest part as I am not an economist/banker), $1 into school funding, and $1 into a savings fund for the school. At the end of the year, the students who have achieved the desired goals set by the school (attendance, participation, test scores, extracurricular) will get the money. $1 is not going to be much of an incentive to do well, but if 100 businesses (min. $3 a student) contributed, each student would be getting $100. It’s not perfect, but let me know what you think, & show me how to make it profitable for the businesses.
To the first person who replied. Our education system leaves minorities and poor districts behind. In the past, reform has been aimed at getting the school administration and teachers to teach better. This is an attempt to put the ball in the students court. If the idea of money is too much, other rewards could be used. Taxes are not “investement.” Plus, under this system, companies would receive tax breaks (which will promote growth in itself) for investing in schools. The result is SOME intelligent, trainable young people, and some who are, due to inequality of education, left behind–despite the No Child Left Behind Policy. Thank you for your rude reply that allowed me to clarify my intent.

 
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How can I promote myself as a freelance artist?

28 Aug

I’m a graphic designer with plenty of experience but need more clients. I work from home in the Houston area (for now) but thankfully my line of work can accomodate clients anywhere thanks to the internet. I have been in a work rut since my baby was born in May. What’s a good way to reel in more work without spending money promoting myself? I have a small portfolio online at 1ClickChick.com.

 
2 Comments

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Do you think buying paladium coins (as opposed to gold or platinum) is a good investment?

28 Aug

Do you think buying paladium coins (as opposed to gold or platinum) is a good investment?

WHY? WHY? What metals would you buy now (taking actual possesion not etf)

 
5 Comments

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I need to find a laptop soon, preferably a MAC, suited mainly for Graphic Design and college. Which is best?

27 Aug

I start college soon, and am majoring in Graphic Design and Studio Art. I need to find a reliable laptop that is light, yet efficient for the multiple tasks I will be preforming during the year. Any suggestions?

 
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hey, i would like to know what’s the official website for investing money into federal bonds?

26 Aug

basically i’d like to view a website explaining the basics of federal bond investments… something like ‘investing in federal bonds for dummies?’ lol

 
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Fidelity Roth IRA mutual funds investment?

25 Aug

I am about to open a Roth IRA with Fidelity. I have done some research and picked two mutual funds I want to invest in. I plan on putting $2500 into each one, putting me at my max for the year ($5000). I have a few questions:

1. Once I have invested my initial $2500 into each, do I *have* to contribute anything else? Obviously, I will make more money if I do, but I don’t want to be locked into anything. (Under “purchase information” it says “Additional: $250″ and I’m not sure what that means or if it even applies to IRA’s.)

2. If I plan to switch mutual funds down the road, what sort of fees will I be charged? For example, one mutual fund says “Expense ratio: 1.1%” What does that mean?

Please note: Both of these mutual funds are no transaction fees and no load funds. That’s the way to go, right?

I am new to this so any advice would be *greatly* appreciated.

Thanks in advance!

 
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best ways to promote photography business? what works?

25 Aug

I have a business licence, website, and great portfolio. Took a good amount of senior pics this summer but it seems that the word of mouth has dried up. I haven’t done any advertising, what are the best ways to get more business. Cheap. what works?

 
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Can a professinal stock broker / mutual fund analyst also make personal investments?

24 Aug

I enjoy personally investing in stocks and options and am considering a career path as a stock broker or mutual fund analyst working for an investment corporation (JP Morgan, Edward Jones, etc). Are there any ethical or legal rules against a professional broker/analyst making personal trades outside of work?

 
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Education, elementary teacher to be help please?

22 Aug

Explain the value of a professional portfolio? How has this or could this help teachers obtain a position as an elementary school teacher?

 
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How do you get a career/job? (Preferable salary, with benefits) I fax, and or email and or snail mail and or?

22 Aug

How do you get a career/job? (Preferable salary, with benefits) I fax, and or email and or snail mail and or drop off my resume and or portfolio to ever place I can. I call places. I am in the IL Army National Guard and have a Bachelors Degree. I am willing to relocate. I tried government/civil servant and private companies. Any suggestions or comments please let me know. THANK YOU!

 
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