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Place an ad on Craigslist Los Angeles/San Francisco/San Diego. There are many investors on CL willing to buy the IOUs. They are offering as little as 50 cents on the dollar to as much as 88 cents on the dollar....

Some folks are trying to invest in Calif IOUs. I think the IOUs pay 3.5% interest. They are advertising on Craigslist and are willing to buy the IOUs from about 50 cents up to 88 cents on the dollar...

Wow! Sounds like a goldmine! A real money making machine! What channel is your infomercial on? How can I sign up for the NYC franchise rights? :D

For cash accounts, it gets kinda murky... Since you are using your own capital and NOT borrowing from your broker, technically you should be able to do whatever you want (setting aside suitability, experience, stated investment goals, starting/minimum account balance, etc). With that...

We just finished a tasty meal at a Szechuan Chinese restaurant and we all had the traditional fortune cookie. :) My fortune said " Dark wealth will be your undoing" :eek: Based on the fortune, the conventional wisedom now says... $USD to initially rally to 82 area, consolidate and then...

I hope the OP does sue IB. The OP would learn a valuable lesson. After a judge renders a summary judgement against the OP, do you think IB would ever allow the OP to open an account even if he/she were 21 years of age or older? Would IB or any other broker want a trouble maker as a...

The conventional wisedom says... The $USD looks like it wants to rally into the 82 area. Gold looks like it will continue to move lower, many think into the 925 - 910 area. Mr. Market will do whatever to prove most folks wrong. Happy trading!:)

I've got a similar plan from my local BC/BS plan. It is accepted in all 50 states. It comes in handy if you are bitten by a shark in Florida, if you ski off a cliff in Colorado or if your parachute fails to open while you are sky diving over the Grand Canyon in Arizona. It is best if your...

It is not for the active trader. Geared more for the buy and hold crowd. Just go to the home page of their website. It looks like it is geared to the Motley Fool crowd, but with a more serious tone?

I guess it would be Bill O'Reilly to dig up the dirt.

When I first stumbled on this thread, I thought "Kudos" was a Japanese brand of condom!:D Actually, it is a very interesting thread, with a fresh view. Definately one of the better ones on ET. Cheers!:)

I know a person who does just that. He trades SPY from Jan 2 to day before Thanksgiving. After Thanksgiving he trades QQQQ to Dec 31. He then goes back to trading SPY on Jan 2. It is an easy method for him and it works!!!!:)

Actually, I believe CA wants to copy PA law. From what I understand, PA taxes contributions that go into a 401k and only taxes the gains when $ are withdrawn during retirement. (Like CA, where folks escape to NV at retirement, PA folks escape to FL at retirement.) This way, PA gets some tax...

You escaped from California with the shirt on your back! CA wants your shirt and all your money, then you can leave the state.:D On a serious note, it sounds like you just picked up and left. From what I have been told by other smart people who have left CA for greener pastures is that...

It is a very complex issue and may become more complex here in California. :confused: There are rumblings in Sacramento, CA that some of the politicians want to tax 401k contributions when you put the money in, instead of when you take it out. :mad: Many folks build up sizable 401k...

Could we split the baby at GM? I think even in good times, the North American operations of GM were only marginally profitable. Why not just have the North American operations file BK? If the run rate is only 10mm units, there is no way GM North America can be profitable, let alone cash...

I would assume that someone with fewer than 100 PROFITABLE trades was a rookie.:cool:

Here are some examples for a tax guru.... 1. Sold at a loss 500 share of SPY in a taxable account. Bought 2 weeks before, 500 shares of SPY in IRA. 2.Sold at a loss 500 share of SPY in a taxable account. Bought 2 weeks after, 5 at the money call contracts on SPY in IRA. 3.Sold at a...

This is very true. Looking at page D-3 of the 1040 forms and instructions: 4. Acquire substantially identical stock or securities for your IRA. (30 days before or after the sale or disposition in a non-IRA account.) The OP has a loophole because he switched from SPY to DIA so he is...

At first I thought he was being funny, but the way it was written - businesslike, serious tone, I guess he really meant it... Do I even dare.... "loose" is the opposite of "tight" "lose" is the opposite of "win"