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The Boat Show

My brother Robert and I own an antique boat, a 1947 Ventnor that belonged to our father. We had the boat restored over 8 years, and began to use it in 2013. The Ventnor mostly stays on a trailer in…

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That Smells Like Money to Me

We’ve had two longtime friends pass recently, Carl Cousins, DVM and Clint Campbell. “Doc” Cousins was the proprietor of Haverford Animal Hospital for many years. I knew him as a kind man and a capable Veterinarian. I did not realize…

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School Daze

At TABASFUNDING, we don’t make student loans.  Our funding is strictly for expansion or acquisition of businesses.  In the course of looking at those, however, we do review borrower’s financials.  One recent husband and wife whose financials we reviewed have…

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Free Stuff

Nancy and I are generally fascinated by offerings for free stuff that come in, usually real estate or timeshare sales.  They promise a free gift in exchange for 90 minutes of your time.  We’ve gotten golf clubs, bargain overnights in…

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Puerto Rico Takes a Hit to the Head

Nancy and I own Puerto Rico bonds, which have been in the news a lot recently. Some bonds are in default, and other payments are due which Puerto Rico says it will not be able to make. For a reason…

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Peer to Peer Online Lending

Much money has been thrown into online lending. Some have described it as the financial “Uber”; trying for financial disintermediation in the staid banking industry. One goes online to one of many sites, fills out an application, and by the…

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Economics of Big Towns vs. Little Towns

Some of you know that we have a vacation place in Vermont, and try to spend time there.  When the weather permits, we do outside activities. When it rains, we try to find things to occupy us.  Time passes slowly…

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Gift Tax and Political Agendas

Often parents if they are able, give money to their children.  Anyone can give up to $14,000 to another person annually without triggering the “gift tax”. If money is subject to gift tax, something like 40% of the eligible amount…

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