No. of Recommendations: 1
" I would say the real problem with dividends is many of us already are forced to take more in Required Minimum Distributions from IRAs and 401ks and the last thing we need is that pile of BRK we have had outside the IRA/401k sphere to start adding to the problem. Right now I keep my BRK because I can eventually leave it to my heirs who will take a step up in basis. The last thing I need is an extra bunch of forced income. It is what I would call an unforced error.
R:"
Good morning partner. Almost 30 years ago I bought brk in my taxable accounts, non in my Iras. Nevada is in the United States, I'm 76, I too have substantial RMDs from my IRAs. For all those years my brk crated NO taxable events other than expired puts and calls.
It's 2026, things have changed. The Dems are currently a 60-40 favorite to take the white house in 28. The Dems are a 4 to 1 favorite to take control of the house in 26. The gop is once again a small favorite to control the senate in 26. Are you that certain that all the tax breaks for the rich, like, stepped up basis, are safe in today's Dem party?
How has brkb done vs spy or most other index's the past year? Brk common is suffering from a lack of demand, comprende partner? Gimmicks will only take you so far on wall street. That fancy press release in March resuming, buybacks, which goosed brkb back to 500 plus, followed by disclosing an odd lot purchase in the quarter was embarrassing for those of us who can find wall street on a map, still with me?
I'm following Uncle Warren for over 30 years, I know his moves. For now, I'm 99% certain that was a Buffett move, not Greg. IF IF, I thought that was a Greg move, I would have paid the tax and moved on.
To repeat for the very slow learners, you know who you are :), the market has to absorb 10 billion a year of Buffetts foundation sales a year into the float for the next 10-12 years. It's, material, and significant. IF our current board doesn't understand this concept they should hire outside consultants!
Thank you for your attention to this matter. ::))
