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Re: 401 K/Investment Performance in 2017 [Re: Fishin' Nut] #12562790 01/03/18 06:48 PM
Joined: May 2002
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JCG57 Online Content
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Originally Posted By: Fishin' Nut
I manage my own account. My mutual funds averaged close to 20% last year.

Loser - EPD, -3%
Winner Harris Corp (HRS), +40%

Noticed that today, the EPD price is getting closer to what I bought it for. Wish I had bought more when it was $24. I love that quarterly dividend check.


Those quarterly checks are not dividends from EPD, they are partnership distributions. If you do your own taxes this will cause you much angst and consternation come March when you get their K-1 and have to figure out how to reflect the very confusing information on your tax return. The good news is partnership distributions are not taxed!!! The bad news is your share of the partnership's income is subject to tax (part of the K-1), if in fact it made a profit. The other bad news is that the distributions reduce your cost basis in the stock which will bite you whenever you sell it. The best investment vehicle for housing MLPs is probably Roth IRAs if you are parking money there for your heirs - they will get stepped-up basis on your death so the cumulative distributions will never get taxed (think of that as another good news/bad news scenario).

Re: 401 K/Investment Performance in 2017 [Re: Scagnetti] #12562883 01/03/18 07:49 PM
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krawlin 47 Offline
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Originally Posted By: Scagnetti
Everyone looks like a genius in a bull market


Whether you think you can or you can't, you are probably right.
Re: 401 K/Investment Performance in 2017 [Re: krawlin 47] #12562886 01/03/18 07:51 PM
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krawlin 47 Offline
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Originally Posted By: krawlin 47
Originally Posted By: Scagnetti
Everyone looks like a genius in a bull market


Not if you are out of the market!


Whether you think you can or you can't, you are probably right.
Re: 401 K/Investment Performance in 2017 [Re: T Bird] #12562895 01/03/18 07:59 PM
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Bigbob_FTW Online Content
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We don't get a choice as to how our profit sharing is invested. They are rather conservative.


[Linked Image][Linked Image] FJB
Re: 401 K/Investment Performance in 2017 [Re: JCG57] #12562941 01/03/18 08:35 PM
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Fishin' Nut Offline
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Originally Posted By: JCG57
Those quarterly checks are not dividends from EPD, they are partnership distributions. If you do your own taxes this will cause you much angst and consternation come March when you get their K-1 and have to figure out how to reflect the very confusing information on your tax return. The good news is partnership distributions are not taxed!!! The bad news is your share of the partnership's income is subject to tax (part of the K-1), if in fact it made a profit. The other bad news is that the distributions reduce your cost basis in the stock which will bite you whenever you sell it. The best investment vehicle for housing MLPs is probably Roth IRAs if you are parking money there for your heirs - they will get stepped-up basis on your death so the cumulative distributions will never get taxed (think of that as another good news/bad news scenario).


All my trades are under my self directed 401k. I will worry about taxes when I retire.


Originally Posted by OTFF
He is truly a sick individual.
Re: 401 K/Investment Performance in 2017 [Re: T Bird] #12563021 01/03/18 09:49 PM
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Posts: 13,958
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BassFever Online Content
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20.62% Last year. Never enough. And not enough to makeup for the loses in the last few years.

Re: 401 K/Investment Performance in 2017 [Re: T Bird] #12563084 01/03/18 10:34 PM
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Posts: 11,994
lakeforkfisherman Offline
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18.07%. Was going for 200%.


LET’S GO BRANDON!!!
Re: 401 K/Investment Performance in 2017 [Re: Mark C] #12563420 01/04/18 03:37 AM
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Scagnetti Offline
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Originally Posted By: Mark C
Originally Posted By: Scagnetti
Everyone looks like a genius in a bull market

I like to call it "sudden expertism".

thumb


[Linked Image]

Re: 401 K/Investment Performance in 2017 [Re: T Bird] #12563429 01/04/18 03:44 AM
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Pintail711 Offline
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Id say strong...quite strong

Re: 401 K/Investment Performance in 2017 [Re: T Bird] #12563493 01/04/18 05:34 AM
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Fullofit Offline
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I ended up with 25.8% in 2017. One of the managers I work with only made 13% but he's 2 years away from retiring. He also just passed the $1Mil mark. I wish I had my returns and his money.

Re: 401 K/Investment Performance in 2017 [Re: T Bird] #12563494 01/04/18 05:48 AM
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sdavis24 Online Content
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21% and change. More importantly, i'm hitting the IRS max for annual contributions.

Re: 401 K/Investment Performance in 2017 [Re: Bigbob_FTW] #12563782 01/04/18 03:32 PM
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Kay Dyson Offline
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Originally Posted By: Bigbob_FTW
We don't get a choice as to how our profit sharing is invested. They are rather conservative.


Bob if you hit 59 1/2 you can move it around how you see fit, Ira, 401, annuity etc..... But again may hinge on how Martin has it structured... They've been around a long time..

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