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All kinds of good thought provoking questions on ET today! I'm not sure of the answer to that. I would posit that the primary reason is that stocks have a long-term bias toward the upside which is the basis for the multi-trillion dollar buy and hold investment industry, where as futures don't...

I second that. My first company was/is actually an exchange for a commodity somewhat like this. We ended up moving to monthly auctions because it was the only way to get the liquidity required to make the market work. Building liquidity is hard business and none of the exchanges seem willing to...

It says something about how important this revenue stream is to them that they're going to the lengths of looking up LinkedIn profiles to "catch" people! I wonder how much that operation costs and of course we all know who's paying for it.

That's an interesting point. It does also normalize a little for differing costs of living, although not home values which are probably the biggest component for a place like NYC or SF.

$421,000 to be a 1 percenter in the U.S., quite a bit more if you live in a blue state where economies are more robust and incomes are higher.

That's funny, in the Bay Area it's exactly the opposite. In fact an i-banker type would probably try to spin that they did some startup related stuff to get any positive attention at all. I don't think a single person in my MBA class that was in investment banking before school went back to it...

I was being a little facetious as well of course:sneaky:

Actually if you're wrong you get a $.70 tax shield for the places you were right!

At the point the company files for bankruptcy none of that really matters. In general bankruptcy by definition is the company shifting ownership from shareholders to debt holders, you wouldn't file for bankruptcy if you could cover your debt load. There are always exceptions where the debt...

I feel like we went through this exact thing with Iraq in the financial press? The whole "we can just turn the tap" concept, not understanding the difference in crude types...

Try a position of long SPY and short IVV and see what it gives you (maybe in sim since it's a pointless position). The whole point of portfolio margin is to give you higher margin based on the makeup of your portfolio. If they don't do that it's even more pointless!

All PM depends on the correlation of your positions. IBs is a black box that no-one there understands, and your allowed margin changes rapidly and unexpectedly even if your position stays the same and the market is normal. Which at IB means auto liquidation at market order fills of random parts...

Sadly it's been 30 years away since I first got excited about it nearly 30 years ago!

First 200-300 miles is a world of difference from a transcon drive. And while I don't have the numbers I would guess that something in excess of 99% of all non-commercial drives are within 150 miles (300 round trip) of home, probably 99% are within 50 miles of home.

Given that only a fraction of a percent of Americans have EVER done that, let alone do it on any kind of regular basis, why is that at all a reasonable criteria?

There's actually a section of the U.S. tax code that (paraphrasing) says any transaction done purely for tax efficiency with no other purpose is illegal. Won't matter to you directly if you're not a U.S. citizen, company, or company owned or controlled by a U.S. citizen, but that clause was...

This isn't how the tax regulations are written. If you have non W-2 income it is automatically presumed by the estimated tax regulations to have been equally earned over the course of the year and hence you're required to pay equal withholding over the 4 quarters. That is the default...

Short answer, YES, absolutely. In general you have to pay estimated tax on ANY income and all income is assumed to have been received equally over the year. If you don't pay estimated tax you're hit for interest for the time it was unpaid, i.e. 9 months for Q1 estimated tax, 6 months for Q2...

Can you re-ask that, it's not clear what your question is?

And in the places where gas costs $2/gallon electricity doesn't cost $.31/mwh. The "national average", if we're using that, is less than half that, $.1295. In fact, no-where in the U.S. but Hawaii has residential electric rates of $.31/kWH, not even close...