Recent content by NeuralNet34

Working as an advisor sounds like a good option. I don't speak from experience yet, but if registration/compliance is your main concern you might also check out the Regulation D exemptions for private placements. Typically you are limited to Accredited Investors or even Qualified Clients (i.e...

Thanks for your answer. That echoes what I've learned in the meantime. I'm just taking the SIE and the Series 3 since I don't need to be affiliated with a BD. As for the others, I have no interest in registering as the only benefit seems to be added scrutiny and audits.

I do not yet hold any licences but am exploring starting a hedge fund in the next few years. I'm thinking to take the SIE and the Series 6, 7, 63, and 65 exams. If I understand correctly: (1) Series 65 will allow me to charge a management fee (instead of just a performance fee) (2) Series 65...

Yes, Schwab has four levels - the permissions are listed here: https://help.streetsmart.schwab.com/pro/4.36/Content/Option_Approval_Levels.htm I have Level 2, and actually I get an error when trying to sell a cash-covered VIX put. I can enter vertical/diagonal spreads without problem. I'm not...

I just didn't understand - you are saying that with IB you see options on the /VX futures? I didn't find those anywhere, and only see the VIX index options (multiplier $100).

What do you mean by mix them? I'm looking for the same exposure as VIX options, just with larger contracts. Do you have a link? I could not find any options on the /VX futures chain.

I'm a relatively small fish, and usually my trades contribute little to the overall daily volume of a product. But with VIX options, I'm often the majority of the OI for a given contract. Besides racking up commissions on hundreds of contracts, it also makes me wonder where the big players are...

It's an index option, like SPX options Schwab does allow this. I confirm it because I have recently traded VIX options with Schwab.

Thanks - I appreciate the advice. I hadn't considered a self-directed IRA, and it sounds like it might be a great solution.

That makes sense. So does IB permit this? And if not, which broker does?

I am looking to create an Investment Club structured as a partnership which will have a single pooled brokerage account. Taxes pass through to the individual partners via Schedule K-1. It appears that Traditional IRAs and Roth IRAs can be mixed into the pool, provided that: 1- the pooled...

Thanks for the answers. I've looked into both SMAs and investment clubs, and I think an investment club is promising. The biggest benefit is the single account, which simplifies trading. At this point < 10 investors, but that may grow. After initial setup, regulatory paperwork seems manageable...