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IB won't let you? Also just wondering why you don't like US penny stocks.

well yes you can always buy cheaper things if you want. The people over at BLS uses this type of thinking as a way to make CPI seem low, look up substitution. But come on, in most cases the same item that you bought 10 yrs ago costs A LOT more today!

I agree with jason on his views on housing. Pretty much everyone is bearish on housing, even realtors to some extent. Inflation has already been pretty high the past few years contrary to the CPI number and I think part of the home appreciation was due to keeping up with inflation. With...

I think MBA is useful for networking but in terms of knowledge its not all that important.

yeah can you give more explanation, I'm not sure why it should be such a hassle. Using something like tradelog should make trading taxes pretty simple.

1/2

I disagree. The barriers to entry are quite low so pretty much anyone can trade if they want and a lot of these 90% unsuccessful probably haven't done enough.

market changes all the time, volatility just lower these days, great for investors I guess.

well 03 also had little pullbacks from march-december and the market was up 25%.

prices are still too expensive imo, in my area(az) most homes are still selling for double what they did 3-4 years ago.

well actually I don't think most people work that hard. They are used to doing one thing and don't want to do to the work to change in order to get somewhere better. So they are just stuck with the same attitude and mindset and don't go anywhere.

6k does seem quite low, how much other liquid cash do you have for living expenses?

I liked the IBD 100 before, especially when they first released it as they created a lot of volatitlity in low float stocks. But know as more people know about it, and small cap stocks are floundering, it is not as effective. Not to mention that IBD's methods are not as effective considering...

I'm not sure what the big deal is. If you a trader tax program such as tradelog, it can do your taxes pretty easily. And then just e-file if you don't want to print all those pages.

this tax debate is funny, the rich DO pay most of the taxes but they can afford them. If you have a $30K salary, and you pay $3K in taxes, that $3K is a lot of money. If you have a $300K salary and pay $100K in taxes, $100K is a lot of money but you still have $200K.

I take it you don't enjoy trading much?

If I made 170k in 2004 with taxes of 40k, and then made 260k in 2005 with taxes of 65k, am I charged the penalty on the 40k or the 65k? And when does the penalty usually get billed to you, a few months or few years after april 15?

Market is already open too long, should really only be open 3 hours.

Doesn't New Zealand have no capital gain taxes?

How's the progress of getting more available shorts? Helps to short a lot in this market, and kinda sad that a very big discount broker has more much available shorts than IB.