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Honestly can't say for sure but the payouts were always higher if you put up initial capital, say 70% if you put nothing down versus 80-85% if you put something down. Worldco seems to be changing their policies quite a bit so I wouldn't venture a guess as to what the norm is currently.

Well, my point wasn't that the Iraq war wasn't declared legally but that the anti-war crowd is a bit disingenuous when harping on the legal aspect of the war. To my knowledge there is no authoritative body that sits around declaring wars legal or illegal (except the UN... ha). Maybe that will...

Someone remind when the last time a war was declared legal.

Whose Marines and Scots Dragoons have done a bang-up job these past couple weeks. Some of us on this side of the pond do appreciate the the sacrifices you're making.

I'm still waiting to get my K-1. Anyone else?

I'm not a pair trader so I can only comment on the theory, however, I just finished reading "When Genius Failed," the story of Long-Term Capital Management. When they got away from bond arbitrage they started hedging equities, basically very large-scale pair trades. The problem was dependency...

Nitro, I was at Worldco for about a year and I would say the advantages are thus: 1. Leverage, or "lower cost of entry" as you put it. Even if you have to put up $5,000, the amount of buying power you get is quite a bit greater than you would get as a retail trader. At my zenith I was...