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-   -   Minimize tax liability (http://www.striped-bass.com/Stripertalk/showthread.php?t=20468)

ThrowingTimber 12-29-2004 12:22 PM

Minimize tax liability
 
? for the finance guys, minimize tax liability IRA or 401k? :confused:

MakoMike 12-29-2004 12:23 PM

TT,
401k, its a no brainer if your employer matches and even if they don't the limits are higher.

fishweewee 12-29-2004 12:25 PM

I'd listen to Mike, he knows his tax $hit cold.

ThrowingTimber 12-29-2004 12:27 PM

thanks Mike, :D

Gloucester2 12-29-2004 01:19 PM

Both.

Roth IRA if you qualify.

mrmacey 12-29-2004 01:35 PM

mike
 
do you do taxes

fishweewee 12-29-2004 02:59 PM

Re: mike
 
Quote:

Originally posted by mrmacey
do you do taxes
I think Mike only does taxes for large multi-national Fortune 500 companies. :hihi:

I think G2 is a CPA too. :kewl:

MakoMike 12-29-2004 03:04 PM

Re: Re: mike
 
Quote:

Originally posted by fishweewee
I think Mike only does taxes for large multi-national Fortune 500 companies. :hihi:


Ben,
You got that right! Maybe when I retire I'll start doing indivdual taxes again. :smash:

ThrowingTimber 12-29-2004 03:04 PM

I love this place, ok both wins:D

mrmacey 12-29-2004 03:05 PM

well
 
Im on my way to be a fortune 500 company 300% growth in 1 year come on thats a good track record so far! Im looking for a partner who will bring enough capital to the table to buy a new h2 Hummer it will move anyone want to be an owner instead of an employee let me know.:happy:

mrmacey 12-29-2004 03:12 PM

hey ben
 
did you see that wter stock they do water filtration think its going to move with all that stuff overseas going on

fishweewee 12-29-2004 04:26 PM

I dunno Mike. I used to cover the environmental stocks over at Douche Bank :hihi: back in the good 'ole days, and the big player in the industrial and residential segments was (still is) U.S. Filter/Culligan, which was acquired by some huge French conglomerate. USF/CUL is a huge company (billions in revenue) and feeds the crumbs to smaller players like Osmonics and Ionics, who in turn piss on WTER. :doh:

WTER is a pimple on the ass of a very large elephant, and its market capitalization reflects that. It might ride favorable industry trends (aging POTW infrastructure, increasing industrial demand for clean water). But, a rising tide lifts all boats in the sector. In the long run, it won't be able to compete with the larger players. It's also a penny stock, easy to manipulate, I'd steer clear unless I knew more about the product/company/management or if it could be a potential takeover target.

MakoMike 12-29-2004 04:32 PM

Ben,
I thought U.S. Filter was aquired years ago by ARCO? Many moons ago I used to work for them when they were an independent company.

fishweewee 12-29-2004 05:31 PM

u worked for #^&#^&#^&#^& Heckmann? :eek:

mrmacey 12-29-2004 06:14 PM

wter
 
up 6 cents today back when we talked it was 2-5 cents

Gloucester2 12-30-2004 10:25 AM

USF/CUL is a huge company (billions in revenue) and feeds the crumbs to smaller players like Osmonics and Ionics, who in turn piss on WTER.


I know more about reverse osmosis than any non-scientist alive :D got mallincrote ?

MakoMike 12-31-2004 05:06 PM

WW as far as I can recall my boss was Ed somebody or another, the senior VP finance, I don't reacall the name of the Pres or CEO.
You gotta remeber that was about 30 years ago!


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