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GG, Check with some of the local groups regarding assistance for first time buyers. Not the bogus stuff that realtors try to persuade you with. I'm talking agencies that give downpayment funds, etc. Hard dollars are out there. If you are in California, there is one agency that I can't...

Matt, Which area of Dallas did reside. I lived there in the early-mid 80's. Mostly in the better parts of Garland and for a bit in Mesquite. Heard those two areas changed pretty drastically. Wouldn't mind moving back cause the 6 am thing really sucks here..... :D We have some...

Matt, Here is one that I know is going on in So Cal. People with extreme levels of equity are refinancing and pulling out the cash. They plan to keep the cash and walk away from the property if need be when the bubble burst. One person I know did this, pulled 600K out of his home...

You have a point Bungrider. I love the "protect people from themselves" rules. I really prefer the futures markets now that I've gotten used to them, and the lack of PDT rules. Even though the rule doesn't have an effect on me, I think it was really stupid. Plenty of friends had...

I AGREE!!!!!! As soon as the PUNDITS get on CNBC and crow about how there ISN'T a housing bubble...... You know what is coming. Can't wait to pick up one of these overpriced 500K homes in So Cal for 200-250K. Just have to be patient. :cool:

I really like how the gator grip was $20 when they advertised that thing, and now it's a freebie give away with some other POS they are hawking......

Unfortunately the gun method doesn't get you out of paying taxes in your final year either, the rat-bastards (IRS) go after the deceased. :D Final tax return and estate if necessary........ Man does the IRS suck or what????????

It has always been my interpretation that a personal traders income was exempt from SE Tax. You are still trading your own funds and not any client funds. Trading client funds would change your designation to "dealer". Don't be confused by the title of the IRS publications. You are...

stock777 avoiding the wash sale rule only in the context of the example given. Remember it only applies to selling at a loss. In the example any sale could be matched to create a gain and not have to carry any loss forward. Best regards.

Bungrider, An additional FWIW. The brokers generally don't care nor keep track of any tax related issues. Brokers report only the proceeds from any sales to the IRS (1099-B). It is the account holders responsibility to correctly report the subsequent tax liability from any transactions...

Bungrider, As long as your friend can identify the lots, they can use specific identification for attaching the cost basis to each subsequent sale and avoid the dreaded wash sale rule. The FIFO rule only applies if you can't make the distinction. IMO, this is one instance where good...

Tom Costello was great when the NASDAQ was melting down. Having him come on in the afternoon with the blood vessels in his temple looking like an anuerism waiting to burst. Classic reporting at it's best. I think Marcy is gone... she was cute. I missed the "3 chickens" report...

I go to those treasury auctions and can assure you that decent items get TOP dollar. Usually about 97% of FMV. People appear to get the fever and just have to have it not realizing they could buy the same thing from a dealer if they could negotiate a fair price. It really is comical...

I wish my screen name was because I was a chiropractor. It stems from breaking my back twice.

I heard the Marcy has a Phd (Piled Higher & Deeper). I guess if you read mass volumes of literature and write a long paper which generally explains nothing, it somehow makes you an "chief economist". I really enjoyed her earth shattering piece on "Housing not being the next bubble"...

Favorite.... Amertrade commercial with the Dobermans chasing Stuart across the huge grass area, like he's a trespasser, and he jumps into the pool to evade them. Funny how the father then grills him about daytrading being a fad. Worst.... Anything with Maria Butt-aroma, for the BS she...

Thanks for the replies.

Def, Are the e-mini quotes that IB provides the Realtime or 10 minute delay. I haven't signed up for the e-mini quotes and I assume they are realtime for $30/mo. I've seen statements in other locations that the realtime were around $70/mo, just wanted to inquire and relieve the...