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If you are married you can hire your spouse and provide her/him and her/his family (you!) with Sch. C deductible health insurance.

I have a suggestion for uninsured people who plan on staying uninsured... Get a medical discount card. Hospitals and doctors generally charge uninsured people quite a bit more than people with insurance. A medical discount card gets you those preferred rates. It's not insurance -- you are...

Why not trade both and double your returns? When traders become hedge fund managers they invest their own money in their funds.

Thanks, Vhehn. I agree... the VIX can get lower and stay low for a long time. I'm looking for an upward trending VIX as a sign of a top, not just a low value. I wouldn't be surprised to see a VIX of 15. I wrote a September SPX put today to put my money where my mouth is.

Your growth will be a progression. You aren't going to attract CalPERS right from the start. First you start with your family...get a few thousand dollars from a few people...then with a good track record you might attract a few of your neighbors, friends, and former coworkers...then 6 months...

How do they compare over 3, 5, and 10 years? Perhaps a diversified portfolio should have a little tech and a little in hedge funds.

Some time ago I complained to the editors of Active Trader magazine about Tradestation's false advertising. Tradestation's ads have been claiming 20 years of intra-day futures data for almost a year now. Aren't there laws about lying in print like that?

It's obvious to see the answer is "yes" just by glancing at a K-1 form. You are invited to try to figure the easy things out yourself. Type "k-1" into the box at www.irs.gov to see a K-1.

LOL. It's like asking: "I'm developing a spreadsheet to analyze trades and I know how to add, subtract, multiply, and divide. Which one should I do?" The answer of course is: "it depends on whether you want to add, subtract, multiply, or divide". Or in your case it would be: "It depends...

Hedge funds are typically pass-through entities (LP's and LLC's) where the realized capital gains/losses, interest income, and expenses are divided among all the investors each year. They are reported to the investors on a K-1.

A realistic assessment and good advice. Hedge fund managers are looking for accountants, IT people, and quants. Any high school graduate can pull the trigger on the systematic, computer generated trades or the manager's discretionary trades. The manager will hire his friends and relatives for...

Or the OEX options... Highly (but not perfectly) correlated and smaller than SPX options.

The inside scoop from the CME is that they are concerned that having the SP trade on Globex would cannibalize high-fee ES volume. And they're probably right. My call is that the SP won't trade electronically until the CME is threatened from outside. If Eurex comes out with a US equity index...

You can always come back to independent trading if you want. Nice thing about leaving trading for something else is that it is easy to come back to.

Nice!

If you don't file a Sch. C, are you thinking of deducting it on your Sch. A? It will only be deductible to the extent it exceeds 2% of your AGI.

The exemption statement as required by the NFA. It's talked about in the same publication as the one you must have read to determine that you are exempt from registration. And you'll have to have the correct % change for both the pool in general and the individual participants. For your...

Are you a schedule C Trader? Is it a business expense? Then sure.

If you are exempt, then you don't need a disclosure doc. You just need the exemption statement. Besides not needing a disclosure doc, you don't need an "NAV" either. The important thing is to correctly calculate the percentage change each period.

Thanks, Hannah. What about nonresident aliens with passive income K-1's? What happens if they "forget" to pay? If you can be less formal (less legalese) in your response, I'd appreciate it.