Library Tales
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Huntington Library and Botanical Gardens
Comments (3)I haven't been to Pasadena, I have just watch it in news . I have searched Google about the Huntington botanical garden and the link is attached here. Thanks Here is a link that might be useful: Huntington botanical garden...See MoreA Tale of Two Widows
Comments (35)Hi again alisande/Susan (and others), You sound fairly shrewd to me, as well, lady. I was hoping that you'd not chicken out, but choose to stay fairly heavily equity-invested ... even as you approach possible soon-to-develop, plus possibly increasing physical decrepitude, and possibly, similar experience mentally. It seems to me that carrying a percentage equal to 100 minus one's age in equities may be fine for a few very risk-averse (and rich) persons, especially ones really worried about short-term risk, but not thinking much about the long-term risk in settling for an investment system where the principal can't grow, so the only earnings relative to this year are made now ... and taxed now (and at top rate, in Canada). Possibly I didn't make it clear enough in my earlier message when I stated that, nearing age 80, I'm running about 80% of assets in individual stocks and equity-based mutual funds, that I live on substantially below my current pension income, apart from investment income, so, lacking major health catastrophe, do not plan to need to cash any equities under pressure in the near future. And then, markets being heavily down, I might choose to use my Letter of Credit for living expenses, rather than cashing stocks ... if, as recovery starts, they may well increase 25% or so in the first year (or even two), and most likely above average rates of growth for another year or two, I'd be happy to pay last year's 6.25% interest rate, and even more so at current 4.75% rate, even if non-deductible, as loan was for consumption. I do think that this drop may be deeper, and more prolonged, plus subsequent recovery slower, than in earlier cycles. As my age increases, the possibility of the major need in the short term increases ... but I have an added advantage that much/most of my health care in Canada is not a direct charge on me. That bank stock that I referred to earlier (check it at Yahoo-> Finance "CM.TO" if you wish) ran in the 60's much of the time since mid-year, sometimes in the high 50s, as it was at close on Fri, Oct. 3 ... then at close Oct. 10 was 49.10 ... and back up Oct. 17 to CD$58.00. I've wondered recently about selling and re-buying (but it'd be another bank who's made fewer unwise investments in recent years - these guys were hit some by the ENRON debacle, as well). But the share prices of the other banks, including the one that I prefer, didn't deteriorate nearly as far. I wouldn't want to do it this year, as I bought shares in Canada's premier phone co. a couple of years ago (that has various other interests as well) and there was an offer to buy them out at $42.75 last year, to close early this year. But, with the financial problems, it was delayed (the banks would have had to pay a huge penalty if they backed out, prior to a certain date). But no dividend payments through most of this year. As a major funder was to be the Royal Bank of Scotland, that now is being heavily supported by the British gov't., there's a substantial feeling that the original price won't be met, so current price offered has been dropping. At the original price, I'd have had a substantial capital gain, so wouldn't have wanted another, in this year. If the phone co. deal is delayed again past the New Year, I might well sell some of the bank, this year, to develop that capital gain (at my current marginal tax rate, rather than the 45 - 50% or so rate that will likely apply on some of the assets if I let them ride till my death, with all being deemed "sold", and capital gain developed, all at once, then). There's also some feeling that the phone deal will die: which would please some of us, for we disliked seeing this strong, stable, dividend-paying ("widows and orphans") stock being essentially privatized - major in-country (required) party to the buyout being a major Canadian pension fund. Good wishes for increasingly shrewd management of your income and assets. ole joyful...See MoreLiterary ,Cinematic and Real-life Libraries
Comments (46)Grelobe, I followed up your link. I'm not sure but I think that the town described is real. It seems to me that I've heard of it before. In any case, I wanted to share a quote from the review. Collins is a writer and also a lover of books. For him abandoning San Francisco is an easy choice because it's too expensive and because his neighbors, in their painstakingly restored Victorian houses, apparently never read. 'All those beautiful built-in bookshelves?' Collins says. 'They don't hold any books.' Indeed his real-estate agent tells him 'You have too many books in here. Home buyers don't like books . . . . Really. You should hide them.' Alas, if we every have to sell our house, there will be a problem. It is filled with books, and we have several built-in bookcases. I live about an hour away from SF, so perhaps this is true here, too. It is an area with a serious interest in education, so maybe it is not. I often see long lines at the public library. Perhaps built-in bookcases are like built-in swimming pools, very desirable to those who want them, and a burden to those who do not. Rosefolly...See MoreAUGUST FOTESS SWAP: Fables, Fairy & Folk Tales, Legends & Mythology
Comments (108)I haven't gotten the prizes mailed yet. I came down with a "cold" and have been staying in just in case ... my COVID test kits are expired but show as negative when I take the test. However, they say not to use them if they are expired so I don't know. Hopefully I'll feel up to going out a little by tomorrow....See More- 8 years ago
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