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Welcome to how the democratic party thinks. Seriously, these people have a mental disorder, but keep getting elected to office with ZERO private industry experience. Just community organizers, play racism and class warfare and in bed with the unions. It's all about votes and power for the...

JPM has a report coming out saying unfunded liabilities for states/muni's for pensions is $4T....yes, that is a T for trillion. The amount of back scratching between unions and democrats is coming home to roost. The raping and pillaging of our States by the unions for $$ and the dem's for...

Remember, these desperate people are the ones running the guberments who can take anything away from their citizens. There is a global leftist war that is being waged and these people will not stop at anything to destroy capitalism, free markets, and individual freedoms. Here in the...

This is the danger of European socialists. Which is basically the foundation of odumbo and the democrat party. By today's standards, JFK would have been a republican. The US democrats want European socialism. You've been warned.

It is against the taxpayer, but it is more of a slush fund the democrats latched onto 60 years ago. "You scratch my back, I'll give you what you want". It basically has been uncovered for decades. Now, the fraud is being exposed. Even good ole democrat JFK warned about it - public sector...

If you do any trading in spot Forex, you have to register as a CTA Forex Firm, which is another $2500 per year to the NFA.

You can't have booms without busts. Think about it.

Difference between public and private sector unions. Public sector unions and democrats have been in a circle jerk for decades. Unions give them money and votes in exchange for unreal salary and benefits. If this was going on in the private sector at the scale it has been in the public...

This is true and exciting. Seriously, regular joe blow six pack is starting to understand this insane corruption with public sector unions and democrats that has been a massive gravy train and voting machine for power for decades. It will all come crashing down soon. The fraud is exposed...

This piece is the first to the FTT. See how the mention "trading" as the culprit in the title. Look for another story from this UofMass teacher about how the FTT will right the wrongs and fix main street.

The leftist machine at work. It's a war!

Yup, I live in D. Been all over the news. The ISD Head is claiming she will save $100,000's in waste and for us taxpayers to judge her in 6months. So, we will see. But yes, something like $0.80 on the dollar is spent for non-teacher's. All the fluff up top.

Until the criminal fraud between the democrats and public sector unions that has been going on for decades is finally undone and destroyed, expect more of this insanity. The good thing is that more and more people are seeing the insane compensation packages and are demanding it to stop...

Salesmen, TPM and other "capital introductions" can get paid either by working out a deal with the PM for a % of the performance fee or they are a FOF who will charge a fee on top on the back end.

Thanks buddy!

Correct, I am planning on running what heech is....0/30. No management fee, 30% performance fee paid quarterly with high water mark obviously. And the reason I am asking these accounting questions is for reporting my performance adjusting for a performance fee. Making sure within the...

OK, that is what I thought, but the compounding effect makes the numbers off a bit...I guess that is just the way it is for reporting monthly net numbers then. I assume this is also what the CFTC/NFA guidelines are when reporting prop accounts as well?

heech, I think you can answer this: So, reporting past performance, how do you report to take into account a 0/30% fee quarterly? For ex this year, here are my monthly gross % P/L: Jan 1.65% Feb 10.89% Mar 9.94% Apr -13.23% May 15.42% So, reporting that, and doing a 30% perf fee...

That article is scary, and it is what is coming in the future. One of the reasons the liberal dems want to destroy the USA is to allow this type if one world guberment to exsist.

Yes, but check your state laws as well. Here in TX, it is 5 or less, even if IB states 15 of less.