Search results

Here is a link to the IRS web site. Under the non-deductible section look at reserve funds for self insurance. There is a pub 547 that addresses this. http://www.irs.gov/formspubs/display/0,,i1%3D50%26genericId%3D11420,00.html

I don't know if this is what your friend is doing, but it appears to be close. There are several factors, one of which is he needs to be selling insurance to others. As a general rule, either the trust pays tax or the person pays the tax, there is really no have your cake and eat it too...

Yesterday our service floated a rumor in a few chat rooms that Bin Laden had been captured and wammo. Kachingas for everyone. Eldingy was on my turf, Yowza, FBI probe. subscribe now www.liesanddeceit.com "we don't rule the markets, we freaking manipulate them" Oh wait...

Good thing I did not post the quote as my own, I did not read either the Williams or Vince books so it must be a popular analogy. Outside the trading forum though, it makes me sound smart so don't tell anyone OK. :)

I found this last night and seems to have some good information about all sorts of tax issues. The link below is the section on traders. The section on scams was pretty interesting. http://www.taxprophet.com/hot/dec2001.htm

I pulled the following quote from the aforementioned website: Provides for Needs. Corporation sole can be responsible to provide for all you needs (i.e. shelter, food, transportation, clothing, medical, etc.) This occurs by first conveying all that you own and all future earnings to...

I have read this more than once, but am not sure where. "In GAMBLING you create a risk that does not exist, in TRADING the risk exists it is a question of who HOLDS the risk." This of course is not to say that people me included have not gambled in the market. But trading needs to be...

I moved from Hbg in 1999 to Raleigh NC. The weather is unbeatable, plus beaches mountains and lots of cool lakes and trails and things like that. The thing I noticed when I left PA the last time I was visiting my mom was how grey it was. Just having it sunny most days makes a huge...

There was a thread titled "How often does a day trader pay taxes" There are some posts on how to minimize ES and at the end I did a calculation of a hypothetical penalty. Personally, I don't think it is the amount of the penalty that comes in to question it is WHO is issuing the penalty.

Jag, Go to WWW.ISHARES.COM, they have all of the etfs that track the various indexes. Under holdings they rank by percent of portfolio.

Turlo, Not sure if you have read "confessions of a street addict", but Cramer comes right out and says that he would fish around companies for information and do the same with the analysts for potential upgrades and downgrades. Load Up on Puts and Calls and then sell into the frenzy. (He...

There were a few interesting pages on Anthony@Pacific in the book Scam Dogs and Mo Mo Mamas by Emshwiller. Probably in the discount rack if not the prison library by now, but not a bad book at all. Of course only in America can a guy illegally find out that companies are shit and tell the...

There are some great ideas here. Has anyone read anything on setting up or testing pairs type trades or hedged type trading? Usually I raise cash when I get scared, but also know I could be doing way more on the short side. Leland, not sure if you have looked at the holders or the i shares...

There is NO low risk strategy for trading stocks PERIOD. But you can manage your risk via diversification and discipline. First I would find a broker that charges very little commission. Think a penny per share. Next I would define what my trading strategy is. Are you doing this...

Redunz, If that was your sole reason I apologize for being a smart ass. But I do think that waxlike or any other vendor should pay to advertise on Baron's site. It seems all to often a question is an intentional pimp for a product which makes me question the integrity of the seller...

Color me a cynic, but his first post after registering is for a pay side on a thread that no one had posted to for 2 weeks. Specific trade entries if you understand trader speak? Buy at 10, Stop at 9.75, Goal 11. A monkey could trade that, were not talking about Pit Trading in Chicago...

I suppose this question is best answered as a function of your personality. But I find that especially in this market that if I have too big of a position I worry about it all night. However if I have 10 little positions of the same dollar value I could care less. Also as a function of the...

... i read through all the message boards looking for hope... Ah yes, if I only had a nickel for every $1 I lost doing this I would be a rich man. That brings back some memories. :)

There are so many, but this was the first bought at about 10 and sold at about 33, now it's about 40. My all time favorite blunder was ELCO which I got caught short in an after hours run. Think I lost about $1200 bucks covering at 39 or 40 and it now passes on the CNBC ticker for less than a...

I don't see any problem with pretending to be a charity to avoid paying federal income tax. Then you can use the savings to build a bomb shelter and stock up on beans and candles. And then fortify it with 20 followers and defend it with your life. The government is out to get you, they want...