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can do this on Schwab's Street Smart Edge

I guess they may justify it for equity contracts by the growth of the notional values per contract. Wonder what happens if the markets crash and values go way down - will they reduce fees?

I am self employed too. That has allowed me to specifically shop for HSA compliant plans all these years. Employed people in many cases are out of luck because their employer may not have HSA compliant plan options available.

Back in the 70s/early 80s (prior occurrence of inflation) bank rates were in the 5% to 10% range with a foray into the teens. So back then, being in cash was an alpha adding 'strategy'. Now its neither alpha adding nor a hedge, as hedges are supposed to gain in value as your main holding loses...

No worries! Build Back Better will bring it down!

Biden's administration seems to think its a good idea to pass the BBB right now and release an additional $2T into the money supply. He's even claiming that the BBB will decrease inflation. I am no economist but, to me, he seems to either be lying or delusional.

Paypal has a high bid ask spread on crypto. Also be aware that they can lock your account without notice or reason. I was locked in a sizeable ETH position for about 2 weeks and unable to sell. Luckily it went up during that time.

Well, MTM tax accounting that we have enjoyed in the futures markets might be coming to an end. There will likely be the asymmetric taxation just like securities going forward (tax all the gains, disallow most of the losses as an offset). This is already approved in the Ways and Means Committee...

I hope this moves their attention away from the proposed IRA changes. They were planning to punish us regular people and our retirement savings because of billionaire Peter Thiel. God bless Senator Sinema. I hope she stands her ground against the Progressives and the CNN smear tactics.

I did a quick analysis of TQQQ vs QQQ for the past 5 years. TQQQ's correlation is rock steady at 1.0 and Beta is pretty stable at 3.0. The Beta does fluctuate slightly during market dislocations such as the covid crash but even then it was extremely close to 3.0

I have also run similar tests and came to the same conclusion that they do track the underlying satisfactorily with the advertised leverage factor. BUT...you need to be hyper proactive and sell as soon as you perceive a bear market coming. It would be psychologically devastating to live through...

There has to be a rule that forbids this. Indirectly transferring money into a Roth IRA through hedging against a taxable account.

Maybe Steve Cohen does Out-of-body projections to see earnings reports pre-release (just kidding). But remote viewing is a thing. The government has trained people that do this for national security purposes. Its a matter of developing the 'lost' skill.

That's correct. I would imagine it would also affect other businesses such as grain producers etc who need to actively hedge.

It says commodities, which implies commodity futures. And, no, futures contracts have never been subject to IRS wash sale rules.

Traders need to be aware that the new Social Spending bill has some disturbing stuff that directly affects high volume traders. If the bill passes, then starting Jan 1st 2022 you will need to start accounting for wash sales in your futures, forex and crypto trading. See Section 138153 of the...

I've been forward testing an intraday technique with real money. This strategy is impossible to backtest because there is a fair amount of discretion involved in entry points as well as the stocks to choose. I have been trying varying entry points and exit methods (eg. time stop, trailing...

csidata.com pinnacledata2.com

A 'safe' strategy to make those mediocre returns is to own a multifamily building. The cash-on-cash return on those is typically 10%-12% per year.

Paypal does suck in general. But I find myself logging in more than ever these days. I use my Paypal account to invest in cryptos.