InvestorsHub Logo
Followers 253
Posts 28644
Boards Moderated 4
Alias Born 07/07/2004

Re: leftovers post# 558

Wednesday, 02/10/2021 1:24:22 PM

Wednesday, February 10, 2021 1:24:22 PM

Post# of 979
When it became likely that jugs would pass away, I was curious how many IHUB aliases would disappear with him. Apparently quite a few, it turns out.

I pity his wife because he was really an awful investor. He should have left her a higher quality and better diversified portfolio than 4 stocks, of which two are in energy. He had time to plan since it is said that he had cancer.

Dying under US tax law does have one huge tax advantage, the stepping up of tax basis upon death. Therefore you want to leave appreciated investments, often those held for a very long period. BTW, net losses vanish upon death.


______________________________________________________________
Because the Good Life is Just a Pump or Two Away

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.