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wilbil

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Everything posted by wilbil

  1. was it was the incubator that got your attention, doc? we can change it to a p&c autoclave........
  2. interesting comments in this thread. 1) a federal insurance deposit bank is not required to cover any contents of a safety deposit box. 2) every bank sets a limit on what is and is not covered and for how much or for how little for items in a safety box. the user may not know it, the user may not have read the lease documents, or the information documents that accompanied the opening of a bank account. 3) there are insurance companies that specifically insure contents of a safety box, and strict requirements for same. many insurance companies will have a lower rate for items that are stored in a bank deposit box. 4) storing collectibles in a safety box is a very risky business. a) as shad states, there is a vast swing in temperature control, without any protection at all. b) as to paper items, moisture is of particular concern, and insurance companies recommend that such items....wills, discharge papers, dnr directives, mortgages, birth certificates, stock/bond certificates etc., be in a waterproof container. note it is never a good idea to keep documents that may be needed for immediate action in a safety box...like passports. even your re-insurer will most likely require this, and will exclude damage due to temperature/moisture/humidity changes. 4) cash...never. cash should be in a federally insured account. 5) gold/silver: dumb move. 6) it is never at all ever a good move to store collectible valuable coins or stamps in a safety box, wheter encapsulated or not, for any but a very temporary length of time. 7) there are wonderful all encompassing home safes on the market that are the ultimate in protection. cost? sure. worth it? personal decision. 8) i would advise a person that decides to have a safety box to check the safety box at least once a week. keep a record of the sign-in/sign out time, and what was removed or added. but, if someone is putting even the maximum amount the bank will insure...say 10k, in the deposit box at the bank, and i can buy a great box for 3-4k, i am buying the box. that is just me. fwiw
  3. absolutely. pay it forward. always. using a mystery drawing like so many here do, especially for youngsters or the children of older members. hospitals, and nursing/long term care/retirement homes, va facilities. it is surprising how popular comics are in those venues. care packages for overseas (and for that matter conus) troops. it is appreciated (just don't send it to any boot camps because the reader will get destroyed by the di if caught).
  4. fwiw, this happened in numismatic grading. what was/is the result? re-submittals, crack-outs and re-submittals, endless confusing market grading, added buying and selling, and....the increase in fees paid to the tpg/4pg, and the advance of and growth of the hobby. in short, it keeps the hobby alive. now, take philately. the stuffy shirts would not succumb to market grading, made the cost of submitting very complicated, never really explained what and how and why a grade was a grade, got involved in usps/congressional committees about what should and should not be a stamp and what price and what collectors want , never did a good job of separating genres, but.....the hobby did agree on a color id for stamps (which was more confusing than a painter's judging contest at a convention). plus, they beat the "roosevelt was a collector" thing to death, to where any further hobby advertisement attempts were useless the result: if you don't know that by now, then why did you start collecting comics? i will answer...because philately died. drt died (dead right there, meaning no resuscitation efforts would ever never ever be helpful. forever.
  5. it is a popular post in the circles i travel in. and yes, that is what i am referring to, and...it triggers the 7 year look back after they nail a person to the cross for the present review. it is not worth testing. at all. testing means you lose.
  6. ....and you get to deduct all the legal deductions, and keep more.
  7. all that is required is a reasonable cost estimate. i would be surprised if historical reasonable comparatives could not ebmade. what would a person want....doing a reasonable cost comparison to determine the basis, or letting the irs do It? you don't want my answere, because it would not be a pretty conclusion.
  8. yes, you can. your accountant knows what to do. the post you are referring to is not quite correct. go to irs.gov. the test for business vs. hobby is stated. how to report income is stated, for both hobby and non-hobby earnings and profits. if you had 10k in sales, i assure you irs considers you a business, and you have meticulous sales records....ebay records. listen to shad. he is giving you excellent advice. the deductions you can take is the fun part (including a percentage of your residence used for the business....phone/electric/mortgage/etc.) your tax id number is your ssn. file 1040 with c,d, and whatever the heck other forms you need to after talking with your accountant. there is not one reason to not do so, other than trying to scam the irs and not apy the taxes. why anybody does that is beyond me, when the government gives you plenty of legitimate methods to lower the tax that may be owed. i do not see any reason for quitting ebay sales because of this, especially when it is a benefit to you for record keeping. checks and money orders is not the answer, and could be a bigger problem down the road. fwiw. been there done that. run it as a business. it will be to your benefit. it is not what you make, it is what you keep.
  9. don't, before understanding law of agency. possibility you are responsible for collecting/recording/paying taxes. quebec a bit different, in application of law, but principle is same. why do i know? many steel fabrication representation dealings. the commodity being comics will not be treated any differently. i would not proceed on friendship basis. a clear understanding of the relationship, and a clear understanding of responsibility as interpreted by the law is the best course, before a commitment that may have consequences for you that were not anticipated. it is a business transaction.
  10. i say let the dude from rallyrd. sell it and that will determine the value. he is awesome.
  11. i emailed my dude warren about the awesome investment opportunity the dude is, like, saying the stuff he is gonna do, which i think is really awesome, with neat cars and stuff like that, which is cool. and the dude knows computer typing art things, and only needs 17 mil, so i told warren to help this awesome dude out, man. it is, yeah, well, like the ground basement floor, starting, and all.
  12. yeah, that was, like, an awesome read about the dude, just awesome. so, like, he needs another 17 mil man, to like make the place really awesome, with all this radical market stuff going on, and like fine art is ok, but car stuff is rad, too and my fellow dudes want in on the car rally sales and investment stuff. the dude has impressive management computer stuff experience, just awesome.
  13. are you "invested"? you are giving a recommendation....and an endorsement, really. did you "invest" $60,000.00 that allowed you to buy a jet? or, did you "invest" in a tesla they were offering? or, have you already "invested" in a comic with this "investment" company? if so, did you make 16-185 on your "investment'? if so, over what period of time? how are you aware of who made what %? is this "investment" opportunity strictly regulated? a couple of write ups and " a pretty impressive management team" does not make a company a good investment. ponzi schemes always look good and are recommended by the persons that got in early on a good deal. then they become complicit in keeping it appear to be a good "investment", for the simple reason that it isn't. exactly what is the proven track record asset that has a proven record that can be vetted, trusted and publicly endorsed? madoff had all that, also simply, if this is such a wonderful investment that gets a solid double, exactly what % of your available investment portfolio is with this wonderful opportunity that has an impressive management team? does their "car division" have a lot of teslas? one of the most disappointing investments in the last 2 years has been "classic cars". it isn't a "hobby". it is a boat.
  14. not the whole tesla blahblah thing again. what has it been, 3 - 4years of this? considering your constant endorsement of tesla, even at the time the wheels were falling off, the doors were falling off, the batteries were catching fire, the cars were being assembled without windshields, and in 1 case a steering wheel, you have stuck by them. loyalty counts, and assuming you are a man of convictions and also knows a good selling thing and business opportunity when he sees it, how do you like your nice private jets? i am sure you bought more than 1. any pictures?
  15. that is the only reason for no confidence? if the borrow clause is removed, would it be an acceptable fonzi ponzi investment?
  16. tulip farm management. the grail book of oh no business. it will make billions, jerry. billions.