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| The Scuppers This is a new forum for the not necessarily fishing related topics... |
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12-29-2004, 12:22 PM
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#1
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It's about respect baby!
Join Date: Apr 2003
Location: ri
Posts: 6,358
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Minimize tax liability
? for the finance guys, minimize tax liability IRA or 401k?  |
Domination takes full concentration..
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12-29-2004, 12:23 PM
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#2
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Registered User
Join Date: Feb 2003
Location: Newtown, CT
Posts: 5,659
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TT,
401k, its a no brainer if your employer matches and even if they don't the limits are higher.
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12-29-2004, 12:25 PM
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#3
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Registered User
Join Date: Oct 2001
Location: .
Posts: 5,935
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I'd listen to Mike, he knows his tax $hit cold.
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12-29-2004, 12:27 PM
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#4
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It's about respect baby!
Join Date: Apr 2003
Location: ri
Posts: 6,358
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thanks Mike,  |
Domination takes full concentration..
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12-29-2004, 01:19 PM
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#5
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Registered User
Join Date: Jan 2003
Posts: 833
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Both.
Roth IRA if you qualify.
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12-29-2004, 01:35 PM
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#6
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Fishing Chauffeur
Join Date: Jul 2002
Location: raynham mass
Posts: 2,227
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mike
do you do taxes
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12-29-2004, 02:59 PM
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#7
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Registered User
Join Date: Oct 2001
Location: .
Posts: 5,935
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Re: mike
Quote:
Originally posted by mrmacey
do you do taxes
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I think Mike only does taxes for large multi-national Fortune 500 companies. 
I think G2 is a CPA too.  |
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12-29-2004, 03:04 PM
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#8
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Registered User
Join Date: Feb 2003
Location: Newtown, CT
Posts: 5,659
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Re: Re: mike
Quote:
Originally posted by fishweewee
I think Mike only does taxes for large multi-national Fortune 500 companies.
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Ben,
You got that right! Maybe when I retire I'll start doing indivdual taxes again.  |
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12-29-2004, 03:04 PM
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#9
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It's about respect baby!
Join Date: Apr 2003
Location: ri
Posts: 6,358
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I love this place, ok both wins |
Domination takes full concentration..
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12-29-2004, 03:05 PM
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#10
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Fishing Chauffeur
Join Date: Jul 2002
Location: raynham mass
Posts: 2,227
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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.  |
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12-29-2004, 03:12 PM
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#11
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Fishing Chauffeur
Join Date: Jul 2002
Location: raynham mass
Posts: 2,227
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hey ben
did you see that wter stock they do water filtration think its going to move with all that stuff overseas going on
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12-29-2004, 04:26 PM
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#12
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Registered User
Join Date: Oct 2001
Location: .
Posts: 5,935
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I dunno Mike. I used to cover the environmental stocks over at Douche Bank 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. 
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. |
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12-29-2004, 04:32 PM
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#13
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Registered User
Join Date: Feb 2003
Location: Newtown, CT
Posts: 5,659
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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.
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12-29-2004, 05:31 PM
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#14
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Registered User
Join Date: Oct 2001
Location: .
Posts: 5,935
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u worked for #^&#^&#^&#^& Heckmann?  |
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12-29-2004, 06:14 PM
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#15
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Fishing Chauffeur
Join Date: Jul 2002
Location: raynham mass
Posts: 2,227
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wter
up 6 cents today back when we talked it was 2-5 cents
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12-30-2004, 10:25 AM
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#16
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Registered User
Join Date: Jan 2003
Posts: 833
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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 got mallincrote ? |
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12-31-2004, 05:06 PM
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#17
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Registered User
Join Date: Feb 2003
Location: Newtown, CT
Posts: 5,659
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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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