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Say a company defaults on a bond or declares bankruptcy, or some other type of corporate action occurs. Is there an online source where one could find detailed information on such events? SEC's EDGAR website perhaps? Any legal database websites?

Is there a way to find out why a rating was downgraded by moody's? Or is there a way to find out why they eventually withdrew their rating? I guess what I would be looking for is something from the rating agency other than the general list on their website that says "These are the 4 general...

Best post in the thread. I am trying my best to learn about investing, but if like most people, I cannot make a good living from it, I have a great job and a degree. Yes, I'm working for someone else. I'm not my own boss. So what? I have a good, steady income from my job, I enjoy it, it is...

Many people who get a degree work in a field to learn about it before starting their own business. Some fields require a degree to get your foot in the door, and by doing so, you learn about the field and can eventually start your own company. Many CPAs who do tax returns and other accounting...

Maybe you think their education was no better than yours, but don't for a second think that all universities are equal. There is a reason some have better reputations, higher dropout rates, and better recruiting. It's not because employers don't know what they're doing.

Her broker used a mirror account and transferred the profitable trades to her account, leaving the unprofitable trades in another account. Even the best traders in the world could not turn $1,000 into $100,000 in 10 months of trading. A study was done to find the odds of such returns, and...

You think that college is a scam because you haven't seen any reward (and most people don't). You have no idea how many people go to college because they feel like it's expected, and assume once they finish they are guaranteed a good job. They never get anything out of it, and struggle to find...

I just went ahead and looked at Section 27, and sure enough, the wording in the Code says 27(a) FOREIGN TAX CREDIT. --The amount of taxes imposed by foreign countries and possessions of the United States shall be allowed as a credit against the tax imposed by this chapter to the extent...

Before posting, just to make sure, I grabbed my 2007 tax text and looked it up, and the foreign tax credit applies to earned income. Unless the authors used incorrect wording (unlikely but possible) then maybe I was wrong.

^^ If trading futures was one of the main functions of the business, it would then be considered ordinary income for the business, and would be subject to about the same tax rate as short-term capital gains for individuals (but it really depends on the type of company, LP, LLC, C-corp., etc.)...

Having just finished my undergrad degree, I can honestly say that 90% of it was a waste of time; jumping through hoops. However, when companies have to spend a lot of money to interview people, they know they will get a group of smart candidates by looking for people who finished their...

^^ This is true. Income from futures is capital gains, and the foreign tax credit and $85,700 foreign earned income exclusion don't apply. Sorry. If you have earned income, that is when you can carry back 1 year and then forward 10 years (for foreign FTCs unused in the current year). If you...

So what did you do to before running a hedge fund? Why did you choose that username? Do you have similar views, or just admire him for whatever reason?

I don't know about working at a Big 4 firm, but the firms I worked with for internships weren't exciting but pay well. Public accounting experience is excellent if you're an auditor. And accounting teaches you all you could ever need to know about reading financial statements, which can only...

I figured since you're one of the richest people in the world, you would just pay someone to teach you calculus rather than actually attend classes.

haha, thanks for the advice, but I don't plan to trade commodities, Mr. Jones. :p

I'm curious what career path and education others on the forum have, and what led you to doing what you do now? I'm currently an auditor (of mutual funds and hedge funds). I've always been more interested in investments (not that I hate my job), but the career path is more reliable for...

I completely understand the situation, I was just pointing out the obvious, and posting a link to a somewhat similar situation with a state (the one I happen to live in) investing in something that it probably should not have done with taxpayer money.

It doesn't surprise me that the state was investing in things that didn't seem very safe. There has been a big investigation into employees that manage money for the Ohio Bureau of Workers Compensation. They invested in a Cayman based hedge fund that lost tens of millions, possibly more. So a...