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Nope, Net = Gross - Commissions + ECN Rebates

Where do our great democracies manufacture everything that we consume nowadays? Well most of it is made in communist China and I find THAT pretty funny. Why? Because paying somebody even 15$/hour to make a pair of shoes in the US is just too much for our great multi-nationals to handle. We...

Chavez is the very unfortunate side effect of years of corrupt governments getting in bed with even more corrupt multi-nationals to exploit people that have no other choice. The same multi-nationals that will spout the free market rethoric while lobying for billions in Washington.

He doesn't need to make that much on each ticker given that a computer can trade several hundred tickers at a time whereas we humans can do only a few (best case scenario).

I've lived 10 minutes from this house. I remember when I thought 250K was expensive. They were going for 180K when I moved there in 2000-01 and you could buy a condo for less than 90K. Those were the days...

I can just imagine the spaghetti code in your mission critical apps just because you're too cheap to hire someone that you can count on in times of trouble. Do you also put on a bandana and wipe your office toilets after hours ?

This is the same as trading with borrowed money, therefore it will be cheaper to use your line of credit that will surely cost less than what the IRS will charge you.

You haven't done anything illegal. There is no tax form to fill when you withdraw money from your brokerage account. It doesn't mean you wont have to pay taxes on your profits though. When you file next year your profit will show up on your Schedule D assuming you haven't lost it by year...

When I get any type of income that I need to pay taxes on, I put my marginal tax rate (lets say 30%) into a money market account and the rest into my regular account. I only withdraw from that specific money market account when I need to pay taxes. That way I don't get caught short at tax time...

If you want to make money in real estate NOW then the easiest way is to travel back in time anywhere between 2000-2005 (that's 5 years of prime money making opportunity), buy some nice rental property and then wait for rents to rise as interest rates do. But seriously, you could always get a...

More likely than making, he will be losing an amount equal to or greater than the per capita income in India. Especially if his training consists of 2 weeks in a simulator. Someone posted an article about an Indian trader that had a 10$ daily goal. (So that he can feed his whole family) I...

The people that will be joining your firm will greener than green and will require way more than 2 weeks on a simulator before they can start churning throught 20K shares/day. (Without losing their shirt and blowing up your company's account that is.) You'll need to provide a method for your...

Are bought by people who already realized huge capital gains while the market was going up. ie not 1st time buyers.

I am sure that if that they were able to afford ther mortgage payment in 2005, they can still afford it now. You should probably realize that just because their house may have dropped in value since they've bought it, that has not affected their cashflow at all.

These people are morons but I guess the bigger question is how did they even get approved for a 7K mortgage. In Canada their gross would have to be about 28K/month and since they said the worked in the travel industry it's pretty unlikely they were making that much money.

I think that if you are going to start any kind of risky venture, either trading or starting a new business, you will need to either: 1. Live with your parents 2. Live in a paid-for house with minimum expenses 3. If too old for 1, then have a spouse with a steady income that will support...

Yeah, didn't we have the same discussion a few months ago with the same people? I am having a deja vu here.

Auctions are a very poor way to sell houses. Even in Calgary's heated market, there have been some attempts to use the auction format. In one case, the house went for, I would estimate 40K less then the same house on MLS. Great deal for the investor who bought it, not so great for the owner.

The following shows that the Alberta housing affordability index (30.5) is still lower than BC, Ontario & Quebec. http://www.rbc.com/economics/market/pdf/house.pdf

Not sure how to respond to the incredibly stupid analogy so I'll let it go. Anyways don't worry about it, pretty soon even India & China will be too expensive to do business with. Yes, even they won't be able to compete with the ultimate race to the bottom. And the bottom is, of course...