Posted on 01/22/2020 4:05:59 PM PST by kevcol
Right. My wife said they don’t issue bearer bonds any more in the US, I don’t know if that’s correct or not.
The face of dementia.
That was my first thought - pretty archaic in this day and age - another indication as to how far out of touch he is with today.
“Wonder how they keep it from melting as they do the sculpture.”
All that’s left in his mind are bits and parts of cliche’s he’s been yapping on campaign trails and news bits for 134 years. Now his brain can no longer assemble them so they just drool out his mouth in slurred and random combinations.
His wife needs to put him under lock and key. It wouldn’t do any good to tell him to stop going out and making a fool of himself - he’s past hope and I’m assuming so is she if she approves of what he’s doing/saying!
No kidding. You'd think someone would have gotten around to explaining something to him but he probably doesn't listen to anyone if they try or doesn't retain what he's told.
I wonder if he knows that the Letterman and Four Seasons are just well dressed memories rather than popular acts these days.
Back when the estate tax exemption was $600K, I had an elderly woman come to me with $2 million in bearer bonds asking what they were. Her husband had been clipping them and he died.
No one in the family knew.
I had her strip off all the coupons and gift the present value of the principle using two safe deposit boxes. Took a few years, but saved about a million in taxes.
I think that sums it up pretty good....he left the file cabinet drawers open, everything spilled out and he can’t put the contents back in the right drawers!
So that’s what I’ve not been doing.
My Father in Law was secretive like that. Died and we had a locksmith come in to open a little safe he had. There was a hundred grand in cash in the damn thing, some of it in silver certificates.
My wife and MIL had no idea, they just knew "he loaned out a little money at interest sometimes".
You clip the coupons from bonds. Back in the 1950s. And the “street” is Wall Street.
In 1978 people would get it. Not so much today.
he’s inadvertently stepping up their game from cash for clunkers to cash for coupons...
I had quite a few clients like that. Multi millionaires, dressed like poor farmers, and no one knew.
I did as I did their taxes.
The funniest one had $6 million in liquid assets and drove a VW Bug. He would park 2 blocks from my office and walk rather than put a dime in the parking meter. We became good friends.
Hey, give Plugs a break! He’s a senile old coot, and that’s no malarkey.
Be glad he’s not fondly reminiscing about hairy legs and little children sitting on his lap.
By the way, it's not like clipping coupons is some key to instant success.
Thanks to clearcarbon
“By golly, the swirls do spell out ‘Allah’.”
Also, clipping coupons is not some sexy kind of arbitrage. It was a lot more mundane.
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