Recent content by thehixx

Thanks for your reply, but can you explain more? Let's say for example I had profit of 5000 Euro, 5000 Yen, 5000 Swiss Franc from trading in futures contracts denominated in the respective currency. But, of course, I can't report my taxes in Yen! Therefore, how would I even give a dollar amount...

I am a client of Interactive Brokers and have been looking at trading equity index futures that trade in countries outside of the United States and are denominated in foreign currencies such as Euro. However, I cannot find any information on how much of a headache such trades will become at tax...

The MSCI emerging markets index is said to date back to 1988. However, I have looked everywhere and can't seem to find EOD data for it, despite Google! Does anyone have a resource?

Can any Cooltrade users comment on the incredible increase in monthly rates? When I first looked into Cooltrade, it was $40 per month and you could do a month to month contract. Now it is $4000 for a year and no refund if you don't like it, and you can't demo it before you buy!

In 2006, I traded RUT options for the first time (at IB) . As broad based index options, it is my understanding that these trades are NOT to be reported on Schedule D directly. Instead, IB should fill out boxes 8,9,10 and 11 on my 1099-B which summarizes my marked-to-market profits in 1256...

Anyone?

I use the IB feature for stocks, but they don't offer mutual funds.

Does anyone know of a brokerage that allows the preprogramming of mutual fund trades? For example, let's say I want to sell on a specific date in the future, but I will be away from my computer during that time. What I am looking for is a brokerage that will allow something similar to...

Don't forget that traditional iras are taxed as regular income upon withdrawal. Right now that's around 40% max, but it could be 75% or 90% at the whim of the politicians. I'd rather take my chances with the Roth. I think it will be much easier to raise the tax rate on the traditional ira...

Apparently, congress is working on a new bill that would allow the "wealthy" to contribute to roth iras. Does anyone know the proposed new limits on max income to contribute?