Search results

Vienna, Paris, London.

I'll be in Europe the next two weeks. So not sure how active I'll be. I left the keys to King to watch over the place. Don't get lazy on me and stop posting. :)

Borrow 25k. Put it in IB. Get 100k in intra-day leverage. Tell your wife you have a 5k stop on the account. If you hit it, that's it. If things go well, you just need to pay the interest on 25k which will be a LOT less then splitting p&l with a prop.

No. That's what I'm trying to explain to you. The is the SAME. You have first loss at a prop firm. So whether you lose 5k at Acme Trading or 5k from home equity it's the exact same thing. You follow what I'm saying right? We are not talking about someone else backing you vs you backing...

My yearly A down is around $36 in WTI which is one puke away from tagging that. Rbob about to confirm on the 30 day. Heating oil already confirmed. You know what this means? USD/CAD and USD/MXN probably going to keep pushing higher.

My 30 day on oil now at -31. Seems to be tracking the price action well. :)

Ever think about just taking out a loan? You have equity in your home right?

Yes, the key word is "assessed value". They have a formula for determining that. But keep in mind, look at the actual dollar amounts. Historically TX homes have been dirt cheap, especially compared to the coasts. So paying 2.5% on a 250k home in Houston vs paying 1.2% on that exact same home...

It's not an issue of affordability, it's an issue of credit. You can be poor in this country but you do have to pay your bills. I have friends that have gone through 2 bankruptcies and barely making a living wage and they are homeowners. There is usually "more" to the story then just not...

Yeah dude, I know it well. I've lived in it my whole life. That is the problem. LOL.

No,the money did not ruin the marriage. Getting phone calls 7 days a week, on holidays, on weekends, at 2 effing in the morning. THAT ruined the marriage.

Yeah I get the elasticities. There are pros and cons to renting out to the "transitioners" as well one being the dead time in between rentals that eats into yield. Again, it will come off as condescending but I would not be terribly interested in dealing with the low end market that offers the...

I don't mean to offend any of you guys, but quality of life is kind of important to me and living in the sticks with 20 properties is not my idea of a good life. I'm not saying it's not heaven for others. Out in very rural areas you probably have a nice fertile area of rednecks with bad...

Very high. They run about 2.5% to 2.8% in the burbs. Almost impossible to cashflow a home in the burbs. In the city the taxes are less.

Are they on welfare? A 100k mortgage is about $400 a month plus maybe $100 to $150 for taxes and insurance. So they can't qualify for a $650 a month mortgage yet they can afford 1k a month in rent? When I worked on Wall Street I had buddies living 4 to an apt because they couldn't afford 1k a...

Where the hell do you live where a 100k house can rent for 1k a month? Where I live 500k homes rent for 1k to 1500 a month. I live in TX btw.

Daal, I have a degree in Economics. I've studied the depression endlessly. We'll agree to disagree. I will say most Nobel Prize winning economists agree with me as well but what do they know right?

True prop firms "usually" don't hire guys quitting their corporate job to come trade. They almost ALWAYS hire guys right out of school and with no trading experience. Be careful trying to do both the corporate gig and the retail trading gig. I am one of those that believe that trading...

Trader99,you do realize that at these prop firms your capital is first loss right? So if you take all that money you have been saving and leverage and simply lose a few percent on it, you will wipe out your family's savings in a prop account. Why would you want to risk this?

There is nothing to see. The long run "real" rates of return are ZERO for real estate. I don't need a chart.