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TOS's pm calculation is pretty much TIMS except TOS uses a [+10%, -12%] shock range on broad-based options like spx. TIMS uses [+6%, -8%] IB's PM is a mystery. it's loosely based on TIMS but more restrictive. you have less leverage initially but the margin doesn't change as dramatically...

and one more thing: there are ALWAYS a lot of people living paycheck to paycheck. even in the boom years of 1999 or 2005, there were those types of people (hell, i knew plenty of them). it has nothing to do with the economy; there are just some people who are horrible with money...

we're not even in a recession let alone a depression. GDP is positive, and there is monthly job growth. by definition, if those two are positive then there cannot be a recession. end of argument. you're not allowed to make up your own freaking definition of "depression" or "recession"...

which pairs did you trade? did you have trouble finding shares to short?

you put a freaking raw turkey outside? by morning, it'll be half eaten by stray cats, coyotes and bears just leave it on your kitchen counter at room temp. it'll thaw in several hours. last resort: there's probably some grocery store that opens until 3PM that sells cooked turkeys. they...

1500? lmao! there are 45,000,000 non-millionares who pay no income tax. 1500 vs 45,000,000. which group has more freeloaders?

i say good riddance to them. these are people with marginal finances. our society doesn't need them. if you have the money and means, the US offers a superior standard of living compared to those sh*tholes. the people with money will stay, the poor people will leave. i don't see a...

actually this is a good thing for the US. there is a serious demographics problem coming up: when people retire, they are no longer producers; they are only consumers. as you now have too many consumers chasing too few goods, this inbalance would tend to cause price inflation, especially in...

dude, if you've ever seen women with PhD's in math, statistics or engineering, you wouldn't be asking "is she a looker". i'm glad they don't show her picture; some things are better left to the imagination. but good for her for using her brain to make money. it's more typical for women to...

you must be living in wyoming or something. anyone who bought a house in Calif in the late 90s is sitting on a few hundred thousand dollars in capital gains. and nevermind people who bought in the 70s -- those people can easily sell their $850k house that they paid $150k for.

that's why texans drive over to Louisiana. it's not that far from houston

dumb article. what type of jobs are there for 80-year olds? they can't do physical labor, and most can't do intellectual labor. that leaves jobs like Walmart greeter, but how many such positions are available? if many people start working into their 70s and 80s, it would drive wages down...

if you're gonna make friends with someone, don't make friends with poor people. they don't talk to you for months, then when they need something they come out like cockroaches. when they need money for their great business idea they expect you to "help" them because no bank is dumb enough to...

sorry to say, but at 40 it's too late to enter the field and expect to land a 'real job'. you're competing against H1B's who will work cheaper than you, and against 23 year olds with computer science degrees from MIT and berkeley. it's not enough to simply want it; but are you as sharp...

IB PM accounts can be autoliquidated after a 10 minute warning just like reg-t accounts. he's talking about the margin recalculation that happens overnight with PM accounts. but your net liq can still fall intraday if the market moves against you or if there's a bogus last

the landlord business is not for everyone. it's a headache dealing with tenants. and in texas, where land is cheap and they're constantly building, your rental unit will be outclassed by newer units very soon. also don't forget about the cost of wear and tear. i found that rental...

people who bougt at the peak with 20% down are underwater. i know a few in that boat.

this is just a balloon mortgage. do they allow application with no documentation?

well that would require them to use their brain cells and work, something they are uncapable or unwilling to do. it's a hell of a lot easier to gather in a park, smoke weed and bang on drums than to work for a living. if they really wanted to work, they could move to those resource-rich...

quite your whining, losers. you didn't complain about capitalism when your house went up 70% in value or your stock portfolio doubled. you didn't complain when the economy was booming or jobs were plentiful, did you? why complain now? because you're losers who didn't realize that good...