Comments on: Stuff Going On http://www.nevblog.com/stuff-going-on/ Financial blog tracking the road to financial success from the age of 22 (now 28). Wed, 08 Feb 2012 06:33:41 +0000 hourly 1 http://wordpress.org/?v=3.0 By: George http://www.nevblog.com/stuff-going-on/comment-page-1/#comment-1036 George Wed, 24 Aug 2005 03:19:00 +0000 http://www.nevblog.com/?p=205#comment-1036 Hi Nev -<br/><br/>Have you considered investing some of your Roth IRA in special situation/arbitrage stocks? I have been investing my son's Coverdell ESA funds in stock of companies that have announced that they are going private. When the company completes their going private transaction, I get a fixed amount of cash for my shares. You can read more about this in my <a HREF="http://www.fatpitchfinancials.com/category/model-portfolios/coverdell-esa/" REL="nofollow" rel="nofollow">Coverdell ESA portfolio</a> category on my blog. Hi Nev -

Have you considered investing some of your Roth IRA in special situation/arbitrage stocks? I have been investing my son’s Coverdell ESA funds in stock of companies that have announced that they are going private. When the company completes their going private transaction, I get a fixed amount of cash for my shares. You can read more about this in my Coverdell ESA portfolio category on my blog.

]]> By: Anonymous http://www.nevblog.com/stuff-going-on/comment-page-1/#comment-1031 Anonymous Mon, 22 Aug 2005 19:47:00 +0000 http://www.nevblog.com/?p=205#comment-1031 <a HREF="http://www.fortunebrands.com/downloads/accospin-offTaxInfo.pdf" REL="nofollow" rel="nofollow">accospin-offTaxInfo.pdf</a><br/><br/><br/>Guess I screwed up the link. accospin-offTaxInfo.pdf

Guess I screwed up the link.

]]> By: Anonymous http://www.nevblog.com/stuff-going-on/comment-page-1/#comment-1030 Anonymous Mon, 22 Aug 2005 17:01:00 +0000 http://www.nevblog.com/?p=205#comment-1030 OOOOps, I missed it & I see it now. It is in you regular investment account. Sorry. OOOOps, I missed it & I see it now. It is in you regular investment account. Sorry.

]]> By: Anonymous http://www.nevblog.com/stuff-going-on/comment-page-1/#comment-1029 Anonymous Mon, 22 Aug 2005 16:19:00 +0000 http://www.nevblog.com/?p=205#comment-1029 <a HERF="http://www.fortunebrands.com/downloads/accospin-offTaxInfo.pdf" rel="nofollow">accospin-offTaxInfo.pdf</a><br/><br/>"...Based upon the average of the high and low trading prices on August 17, 2005 of Fortune Common Stock, as<br/>reported on the New York Stock Exchange ("NYSE"), and of the ACCO Common Stock, as reported on the<br/>NYSE, (1) 93.9804% of your tax basis should be allocated to your Fortune Common Stock and (2) the<br/>balance, 6.0196%, should be allocated to your newly received ACCO Common Stock (including any<br/>fractional share interest)..." accospin-offTaxInfo.pdf

“…Based upon the average of the high and low trading prices on August 17, 2005 of Fortune Common Stock, as
reported on the New York Stock Exchange (“NYSE”), and of the ACCO Common Stock, as reported on the
NYSE, (1) 93.9804% of your tax basis should be allocated to your Fortune Common Stock and (2) the
balance, 6.0196%, should be allocated to your newly received ACCO Common Stock (including any
fractional share interest)…”

]]> By: Anonymous http://www.nevblog.com/stuff-going-on/comment-page-1/#comment-1028 Anonymous Mon, 22 Aug 2005 16:10:00 +0000 http://www.nevblog.com/?p=205#comment-1028 Since ABD is in your "regular trading portfolio" and not your Roth IRA, there will be tax consequences to this spin-off.<br/><br/>You will need to assisn some of the cost basis from Fortune Brands to ABD. Then you adjust the basis of Fortune Brands by the same amount. Since ABD is in your “regular trading portfolio” and not your Roth IRA, there will be tax consequences to this spin-off.

You will need to assisn some of the cost basis from Fortune Brands to ABD. Then you adjust the basis of Fortune Brands by the same amount.

]]> By: Anonymous http://www.nevblog.com/stuff-going-on/comment-page-1/#comment-1027 Anonymous Mon, 22 Aug 2005 12:44:00 +0000 http://www.nevblog.com/?p=205#comment-1027 ABD is in your Roth IRA, no accounting necessary. You simply list the stock ticker and its $ value as a part of fluctuating market value of your portfolio. Nothing else to do at this time. ABD is in your Roth IRA, no accounting necessary. You simply list the stock ticker and its $ value as a part of fluctuating market value of your portfolio. Nothing else to do at this time.

]]> By: byron446douglas http://www.nevblog.com/stuff-going-on/comment-page-1/#comment-1026 byron446douglas Sun, 21 Aug 2005 06:22:00 +0000 http://www.nevblog.com/?p=205#comment-1026 damn good blog, check out mine <a HREF="http://juicyfruiter.blogspot.com" REL="nofollow" rel="nofollow">http://juicyfruiter.blogspot.com</a>, comments always welcome! damn good blog, check out mine http://juicyfruiter.blogspot.com, comments always welcome!

]]> By: muzzi http://www.nevblog.com/stuff-going-on/comment-page-1/#comment-1025 muzzi Sat, 20 Aug 2005 03:12:00 +0000 http://www.nevblog.com/?p=205#comment-1025 I know another one of your secrets nev.<br/><br/>I am thinking something along the lines of attractive stickers notifying people of a glass door so as they don't walk into them... I know another one of your secrets nev.

I am thinking something along the lines of attractive stickers notifying people of a glass door so as they don’t walk into them…

]]> By: Neville http://www.nevblog.com/stuff-going-on/comment-page-1/#comment-1023 Neville Fri, 19 Aug 2005 20:57:00 +0000 http://www.nevblog.com/?p=205#comment-1023 Dan,<br/>I'm not exactly sure how to address how to classify this extra stock. I'm going to ask some accounting professionals I know over the weekend.<br/><br/>Anon,<br/>Thanks for the palm reading :-) Dan,
I’m not exactly sure how to address how to classify this extra stock. I’m going to ask some accounting professionals I know over the weekend.

Anon,
Thanks for the palm reading :-)

]]> By: Anonymous http://www.nevblog.com/stuff-going-on/comment-page-1/#comment-1022 Anonymous Fri, 19 Aug 2005 20:48:00 +0000 http://www.nevblog.com/?p=205#comment-1022 I am sorry to say this Neville, but after <b>Reading</b> your palm, without much <b>Research</b>, I can tell you that you will not be finishing an MBA, that you will not have much help from family and that you will not be in the business of managing a lot of people. <br/><br/>On the brigher side, you can bank on your analytic skills and bet on the maxim- 'fortune favors the brave'.<br/><br/>bless you -Kevin I am sorry to say this Neville, but after Reading your palm, without much Research, I can tell you that you will not be finishing an MBA, that you will not have much help from family and that you will not be in the business of managing a lot of people.

On the brigher side, you can bank on your analytic skills and bet on the maxim- ‘fortune favors the brave’.

bless you -Kevin

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