I still believe that you should not be able to sell a stock you don't own. That would cut down on this insane trading. I never did understand how you can sell something you don't own.
Do you also not believe in margin or mortgages? In those cases you're trading something you don't own, cash, for something else (stock or a house) and those from whom you borrow what you don't own can come back and seize your assets if you don't pay. Same thing with shorting except the thing you don't own is stock and the thing you're trading it for is cash.
Estate tax. Rich people deserve to pay taxes twice, I guess. Luckily I am not in that category, otherwise I would be sounding off a lot more. gg.
Don't be too sure. Add up all your assets including pension plans, retirement accounts, insurance policies (people tend to forget about these), net value of real estate, investment accounts, personal property, etc, and you may be surprised how large your estate really is. A lot of people who don't think they have a problem have forgotten to add in that $500,000 or $1,000,000 worth of life insurance they have (These are not big policies anymore, BTW. I have less than $500,000 in insurance and with me being 37 and having a second child on the way I feel underinsured when I look at how much it would take to support my wife and children through college if something happened to me. I don't want her to have to remarry for monetary reasons.).
We are leaving Seattle for a weekend trip to Victoria. Looking forward to that. The weather was great so far but now that we are going sightseeing, the weather looks like it may be turning. Rain is expected for this weekend. Glad to see better weather in the East. Maybe my son will cut the grass. gg.
Have fun. I've been to Seattle twice for a total of about five days and I've never seen the sun there. |
