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Easier said than done. The USA is political dysfunction to the nth degree. We can't even offer private health care insurance plans across state lines. We operate as 50 separate countries in many respects.

Pension reform is never going to happen here in the US. Its all splintered state by state and held hostage by the individual unions. An example: every 20 years NY state has a constitutional convention where the constitution is revised and real pension reform could have happened. In 2017 public...

Well the last time the stock market hit a nadir was March 9th 2009. It was a rocket ship up from there even through a multi year recession that followed. Look at past recessions, you will see the two are not synchronous.

Read the article guys. Its talking about the economy not the stock market. The two have only a mild positive correlation

https://nymag.com/intelligencer/2020/05/why-the-economy-is-headed-for-a-post-coronavirus-depression-nouriel-roubini.html

thanks!

Can't see it despite searching. Most common symbol for it is SIL

I think this pandemic will not kill globalization because money has and will always flow to the lowest cost bidder whether it be manufacturing or jobs. But I do think there will be a hysteresis effect after this pandemic with the supply chain disruption and all. I think this opens the door for...

Central bankers are like surgeons - they can save a life during trauma but they are really bad at forecasting long term outcomes. For long term projections look to a real economist such as my main man Nouriel Roubini

Grid trading with low leverage. Looked at this years ago when it was the rage on the Oanda boards. I just assumed it was no longer viable with the worldwide low yields, guess I was wrong. Would love to see a backtested equity curve.

Buy a dead shopping mall and convert it into a leasable warehouse. Because of growing ecommerce logistics demand, that was the #1 segment of commercial the last few years and I imagine going forward as well. But personally I have no appetite for all that. I'll stick to short term trading.

I disagree. States, especially the tax and spend blue ones must be forced to feel extreme pain brought on by their own reckless policies, and then reduced to junk rating, and then be forced into bankruptcy. Just last week, the county where I live in NY approved a $1.75 million improvement plan...

Do you primarily do counter-trend trading betting on reversals into a channel? I have found that effect to be strong in intermarket spreads such as corn/wheat, soybean/soybean oil, etc. But not so much in the intramarket calendar spreads such as corn/corn, wheat/wheat etc - there I tend to see...

Therein lies the magic of zero commission! A world of possibilities has opened since brokers went to zero last fall.

Proponent of daytrading here. Assuming you have even a mild edge and you do a lot of day trades, the law of large numbers is on your side.

I upload it to my dropbox account which the CPA downloads on their end. No need to kill the trees!

for trade records I send the form '8949' from IBKR in PDF and CSV formats - it contains all trades. From Fidelity I just send the consolidated 1099 in both PDF and csv format which contains all the trades.

Over the years I've used 3 different CPA for MTM accounting (first one was Green). They've all requested a full trade list such as 4797.

You mentioned Schedule C. Is your trading entity an LLC? My trading entity is a husband/wife partnership that needs to file a K1. Down the road I really want to simplify things and just have an LLC where I could potentially do the returns myself.

I really hope so. I use Street Smart Edge and I find it rudimentary and crude.