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Yes, they decide you must be in the lending business. I would like to say to them, "Do I have a Bank of America sign hanging around my neck or something?"

I did not become suddenly rich, but have managed to accumulate some wealth slowly. Three things have surprised me. One is that what I thought was a lot of money back when I was poor, is not so much money. I think that you easily become used to a different level and then it seems normal...

We have been doing some hiring at the company I work for...we are getting hundreds of resumes. A few years ago we were struggling to find any qualified people, sometimes waiting months to hire one person. Now we have our pick of numerous very qualified or even overqualified people for every...

I wish this were true. But sorry, I think this will not work. The Germans pulled up their bootstraps and worked. I think Americans are not going to do that. We are too fat, spoiled, lazy and entitled, and we have raised our children to be the same way. The only way America can prosper again...

Excellent advice.

I trade three uncorrelated systems, and I have a fixed percentage of my trading account allocated to each one. I rebalance these about once a month--this works pretty well given my usual one week to four month time frames for trades. In addition, I aim to keep 18 months worth of living...

Look forward to hearing your thoughts, riskfreetrading. Thanks.

Under some business entities you would have to pay FICA and Medicare tax. On the good side, you can put some IRA money away.

ha ha post your address and I'll get my costume ready

Before you make a decision, you may wish to consider all the taxes and various fees that apply to your life, not just the income taxes. I live in WA, which as someone else mentioned, has no individual income tax. There is, however, a business income tax, and very high sales taxes (I think...

Many thanks to all for your thoughts. Look forward to your unusual suggestions. He's a friend, not really a best friend. No, it's not me. He lives in the US. He owns the paper stuff in his IRA. He has a pension also, and his wife is still working part time, so he has not really been...

Yes, I think it is a reasonable thing to do with a part of one's conservative funds. For example, by writing far-month in the money covered calls on large cap dividend payers, one should be able to achieve 7-10% downside protection and 6-8% return. By diversifying over underlyings (in addition...

This is not really an options question, but I respect the people on this forum more than any other, so here goes.... I have been asked for financial advice by a good friend. For some background, he is in reasonable shape financially. He invests in mutual funds-mostly balanced or...

Nobody wants their kidneys or blood... they have hepatitis B, hepatitis C, HIV, TB and every other nasty thing you can think of.

I agree with the poster above who said they never meet a trader in real life. I do belong to two stock trading groups, but I don't think there are many real traders in there, if any. The population of each group fluctuates a lot and there are only a few chronic attenders. As I have gotten...

I can't speak for other options traders. But I am not smart enough to trade stocks. I have no idea what a stock is going to do. But to sell options, all I need to know is what it is not going to do, or at least what it is not going to do very much of. I find it hard to be 'right' but not...

BPtrader, LOL. Here's hoping you will give up trading in favor of comedy writing.

Faith: Way of the Turtle McMillan: Options as a Strategic Investment McMillan: McMillan on Options Gibson: Asset Allocation

Thanks for reminding us all of this. The gridlock that has beset the federal govt. for most of the last 15 years is the best thing that has ever happened to this country. The less those fools on the hill do, the better. Of course, now the Fed has taken over and is running the joint....why...

I suppose these investors have to put money somewhere. What else are they going to buy?