I Called In Sick Today

[Essay21 2,387]

It is not transferable. It's associate supplemental insurance and only available to current bank employees.

[brvheart 1,758]

I just have term life. Whole life seems like a waste of money to me.

[InternetExplorer 2,609]

term is wonderful. group life (what essay probably has) gets ridiculously expensive around 55-60.

[iQuack 128]

1.1 for me. May be light but I hold out hope I can make it to 45. Makers mark may have other ideas.

[InternetExplorer 2,609]

there are some amazing life insurance products that work like a Roth. the funds end up locked up for a long time, but it's invested in standard index funds, and the distributions (loans against the policy, effectively) are all tax free. one of those things I think we will look back on in like 10 years, after the government misses out on an assload of revenue, and wonder why it was allowed to persist for so long.

 

whenever I cap out on qualified contribution avenues, I'll probably start a policy myself.

[brvheart 1,758]

More info please.

[Napa Lite 3,279]

Your boy is not feeling great. Can't wait to get home so i can nap.

[The Ocho 970]

More info please.

 

They are called IUL's and they are great for people who have significant income to shove money into.

[InternetExplorer 2,609]

yeah, pretty much. it can still be a benefit at lower asset levels, but somewhat not worth the effort.

 

we are starting a relationship with one of the big consumer staples names, and I'm starting to see the asset flows from their 401k plan custodian. blows my mind. they pay us to talk to their outplaced executives, basically. it makes perfect sense from their perspective, but in the context of advisors who cold call for 10 years with the hope of building a modest book of business, that would salivate over any of these people... it's so ridiculous.

[Essay21 2,387]

Your boy is not feeling great. Can't wait to get home so i can nap.

 

RIP NAPA. I'll miss him.

 

Watching KISS THE GIRLS. love Morgan freeman.

[BigDMcGee 3,355]

I think it's very reasonable to not have life insurance until you're, at the very least, married; but until kids is just about perfect.

 

I have a very tiny policy that's basically enough to cover my funeral ( which I wouldn't even have, if up to me, but funerals aren't for the dead, they are for the living). When my moms passes, I'm going to cash that policy in and spend it on strippers*

 

 

 

 

 

 

 

*I'm using "stripper" here as a catch all for all manner and variety of sex worker. ya'll don't really need the nuts and bolts of the type of sex worker I'll actually be hiring

[Napa_Don 688]

I'm still alive. Still not feeling great though. At least it's Friday, amirite?!

[Napa_Don 688]

My old roommate called me yesterday asking if I wanted to hangout and go fishing this weekend. Might do that instead of the reunion.

[Essay21 2,387]

No, McGee. I do need the nuts and bolts.

[Essay21 2,387]

Strat, do you have any big S corps with built in C Corp E&P? Mine is having a serious gross receipts problems with its MLPs so we'll likely be hit with the penalty on the 2016 return. But they're asking me for MLP recommendations and I'm like that's not my area. The tax problem is pretty clear, and the answer is we need to put another million in an MLP or less on one that has abnormally large gross receipts. The income isn't even that important.

[InternetExplorer 2,609]

Strat, do you have any big S corps with built in C Corp E&P? Mine is having a serious gross receipts problems with its MLPs so we'll likely be hit with the penalty on the 2016 return. But they're asking me for MLP recommendations and I'm like that's not my area. The tax problem is pretty clear, and the answer is we need to put another million in an MLP or less on one that has abnormally large gross receipts. The income isn't even that important.

I am taxtarded, sorry. MLPs, you mean like the oil pipeline indices?

 

I meant to ask, are you still in P&G?

[brvheart 1,758]

RIP NAPA. I'll miss him.

 

Watching KISS THE GIRLS. love Morgan freeman.

 

Solid movie. I really liked the book.

[Essay21 2,387]

 

I am taxtarded, sorry. MLPs, you mean like the oil pipeline indices?

 

I meant to ask, are you still in P&G?

 

We're talking a section 1375 penalty, and essentially our only option to pass the test is to invest in publicly traded partnerships. And yes, our main MLP is an oil pipeline company because it produces gross receipts that far outpace the income. This is good because as an investment corporation our net passive income is obviously high.

 

Our problem is a socially/environmentally conscious shareholder (really he is the only beneficiary of the trust that owns the shares) who pushed hard, before I was on the board of the corporation to divest some of the MLP. This was agreed to because we had room to spare, but now gross receipts projections are down 27% for 2016 so we are going to be in the penalty on next years return. We absolutely cannot allow it to happen in consecutive years, no matter how small the penalty so we need to buy into a new MLP, but that beneficiary is still against getting more of the oil pipeline. So we need something else and that isn't my area.

 

As for P&G I don't even know. Very seldom to our PMs talk individual stocks.

[InternetExplorer 2,609]

No, I meant you personally. I think I recommended P&G to you at some point. I think its valuation has reached a level that doesn't make much sense. Many of the consumer staples and utilities companies fit that description currently.

 

If that kind of shit starts becoming a routine problem for my firm, I will be a very wealthy person.

[Napa Lite 3,279]

Strat, how do you go about identifying these types of valuations?

[JubilantLankyLad 1,957]

Strat, how do you go about identifying these types of valuations?

dart -> dartboard

[InternetExplorer 2,609]

Morningstar.com, go to the valuation tab for the company in question, look at current or forward P/E vs. its five year average. be skeptical and look for outlier years, etc. but that's generally how I arrive at my conclusions.

 

P/E is a really strong indicator for return, but there are always caveats. why are defensive sectors 'overvalued' right now? because interest rates have continued to inch closer to zero, so people are seeking yield in safer sectors as a substitute. maybe P&G ought to be priced the way it is currently, I don't know. I'm just assuming history will continue to repeat itself, and I'm hoping to be right 55%.

[Napa Lite 3,279]

Ok but how do you pick which companies to look at?

[SuitedAces21 2,723]

No, I meant you personally. I think I recommended P&G to you at some point. I think its valuation has reached a level that doesn't make much sense. Many of the consumer staples and utilities companies fit that description currently.

 

If that kind of shit starts becoming a routine problem for my firm, I will be a very wealthy person.

 

i never bought any myself. bought some nike and some apple.

[InternetExplorer 2,609]

Ok but how do you pick which companies to look at?

we have about 600 companies that we screen for price movement on a daily basis. my boss has some general criteria based on fundamentals, and I came up with a way to drill down into the Russell 3000 index with those criteria, using Google Sheets. once I got rid of all the low hanging fruit, I just reviewed the financials by hand, and struck an additional thousand or so companies over a few weekends. I just review the list of 600 for big price declines and jump in when the valuation seems good. AAPL was one, and I bought it for a few people. I don't think NKE has ever hit our radar in three years, which is kind of a testament to how freaking good their management is.