Search results

  1. BMK

    What is the general relationship between banks and credit card companies?

    All MasterCard and VISA cards are issued by a financial institution--whether they are credit cards or debit cards. The financial institution may be a bank or it may be something else, such as a credit union, or a "nonbank" financial institution. Bank is a technical term in federal and state law...
  2. BMK

    Managing a large Account for Income?

    There is an ETF for those who want to own the S&P 100. The symbol is OEF. It's been around for many years, and it has some volume and liquidity. But there is no liquidity in the options associated with it. BMK
  3. BMK

    1099B wash sale disallowed

    Were you holding a bunch of stock on the last day of the year?
  4. BMK

    Thinkorswim 1099b and 4797 MTM reporting

    You should probably look into Tradelog software. It will download your raw transaction data from your account, and let you properly format it and perform the calculations you are looking for. It's not free, but it's not outrageously expensive, either. And you have to learn how to use it. Garbage...
  5. BMK

    Is shorting the box legit?

    The original meaning of short against the box was when someone executes an order to sell short a stock that he actually owns, but is not holding in the same account where the short sale occurs. The box referred to the idea that you could keep the stock certificate in a safe deposit box while...
  6. BMK

    Looking for a free .pdf of this book

    Suppose a thief steals your car stereo and sells it. You then break into his house and take the money he got from selling your stereo. Is that still stealing?
  7. BMK

    Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’

    I'm a big fan of new technology. Like Juicero, for example. It is an awesome example of how new things are always better than old things, and how things that have been around for several million years--fruit and juice--can be improved by technology...
  8. BMK

    Nexgen fraudsters

    I had never heard of Nexgen, and I don't trade futures anyway, and this thread kind of died out in 2012 and then got resurrected, so... Out of curiosity I googled it, and somehow they are still in business: https://nexgent3.com/ And the "contact us" page has an address in Sarasota, Florida...
  9. BMK

    Broke Ass Capital

    Just curious exactly what you mean... You have $20K allocated among those six investment types? Or you have $20K in each of those investment types, and you are going to rebalance?
  10. BMK

    Greed, Bankers and Politics Star in Danish Negative-Rate Debacle

    Okay, so, for example... If I have the equivalent of US $24,000 on deposit at a Danish bank... I have to pay 0.6% per annum on US $8,000. That's $48 per year, or four dollars each month.
  11. BMK

    I'm new to the site. Who are the "real deal" handles here?

    For options trading, @destriero is the real deal. Here's an interesting thread that has some recent activity: https://www.elitetrader.com/et/threads/vol-trading-for-beginners.356063/ But as someone else mentioned, some of the most valuable and informative stuff in this forum can be found in...
  12. BMK

    Highly recommended trading book

    I am surprised Wiley would publish that kind of garbage
  13. BMK

    Options holdings with impending merger + conversion to new listing / class.

    I understand why you are calling them "zombie" options. But the technical term is nonstandard options. Which broker are you using? I think you are mistaken when you say that you cannot open new positions. As an experiment, I attempted to place an opening order for a nonstandard TLRY option in...
  14. BMK

    Wohl of W.St - a Modern Psychopath

    Which historical event are you questioning? The fact that Joe Biden won the election in November, 2020? Or the fact that six million Jews were killed by the Nazis? Or something else?
  15. BMK

    Cheese Futures

    It appears to be a nonzero number... https://www.ft.com/content/03f3eb4f-d794-4717-b421-a8f97c04c276 https://www.abajournal.com/news/article/exasperated-judges-question-trump-lawyers-on-election-claims-leading-to-one-nonzero-admission
  16. BMK

    Cheese Futures

    https://www.theguardian.com/money/2021/apr/28/cheese-futures-could-we-all-make-millions-by-investing-in-cheddar
  17. BMK

    How do i know, which broker is the best?

    And how is that going for you? You making money trading binary options?
  18. BMK

    Yet another risk to consider...

  19. BMK

    Wohl of W.St - a Modern Psychopath

    That video is entertaining. But it is several years old. Taken out of context, the introduction is misleading. It identifies him as an "18-year old hedge fund manager." He's not 18 years old, and he's not a hedge fund manager anymore. According to Wikipedia, he was born in 1997, which makes him...
  20. BMK

    Schwab deposits $1.2 million into a customer's account by mistake...

    Traceable and reversible are two different concepts.
Back
Top