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If you really eligible for trader status it might not be worth the hassle til you are making $100,000 a year. If you can't get trader status it would be a lot less than that. Because you need a LLC for asset protection and corporation for deductions and retirement accounts.

Thats why you use a LLC not a SMLLC. I never said to use a SMLLC.

"How it works: Limited partnerships have two types of partners: limited partners, who are investors and have no management authority over partnership affairs; and general partners, who control the activities of the partnership. The brokerage account is held inside the limited partnership (a...

Corporations don't offer any protection, LLCs are a different story.

I think as long as you can show an intent to make a profit, it is not a hobby but you should make the corporation show a profit to be safe. I've heard stories of people setting up a corporation to teach people how to hunt. They deduct all the hunting equipment (guns, four wheelers, and...

You are going about it wrong, you form a corporation that acts as a management company for trading accounts. It manages your account and charges you a fee for it. Then all deductions flow through the corporation. You make the corporation show a profit too, that way it cannot be deemed as a hobby.

If you have a corporation you don't claim trader status, that is the point. Just having a corporation allows you to take all the deductions regardless of how you trade.

I would be interested to see a poll of what percentage of people think Cheney pulls all the strings in the White House.

I would like a feature that could cancel orders in a group of stocks after a certain dollar amount or number of orders has been filled from that group. Example: Say I want to buy stocks MSFT, YHOO, GOOG, and AAPL. I want to buy a total of $10,000 worth of stock. I place limit orders...

First of all you pretty much have to be day trading full time for the IRS to consider you as a trader. If you aren't they will consider you an investor instead of a trader and you won't be able to take any deductions. If you open a corporation, you don't have to worry about this. You are much...

Geothermal heat pumps - http://www.geoexchange.org/about/how.htm If you want more info just put it in google.

read this: http://www.alglaw.com/stockinvestors.htm If you take all the deductions that a corporation allows, you will more than cover the expense to set it up.

Most investors are buying the undeveloped land to developed and flip. They are not looking for long term investments so they will not own a very large portion of the market. There are large areas in Florida where investors are buying up all the land to develop.

I'm glad I'm long oil :)

I've had that happen and it has also duplicated all my pages and won't let me delete them because they have orders on them.

Its called sandboarding, people really do that. http://www.sandboard.com/

Yeah, why does figure skating have so many different names for jumping up and spinning around a bunch of times? They all look the same to me lol.

Ron Paul and the Fed discontinuing the M3 http://www.house.gov/paul/press/press2006/pr021506.htm

I never thought I would say this but there are some smart and truthful Republicans. For anyone who is interested here is another paper on this subject. http://www.feasta.org/documents/review2/nunan.pdf

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