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Read your own example letter very carefully... "The Partnership’s assets are managed by Bernard L. Madoff Investment Securities (Madoff), which is unrelated to Mr. Adler. Madoff requires entities to maintain a minimum capital account." The key word in this sentence is UNRELATED. An IRA...

Actually, it is more like investing your IRA in fidelity stock if you are a majority owner of fidelity, which would also be self dealing. If your half baked idea would work every business in the US would be an IRA/pension owned LLC (or other entity) tomorrow. When a retirement plan owns more...

zone, Your IRA can invest in an LLC, just not one that you have ANY control over. Just contact any professional worth their salt and ask. You may as well just stop paying taxes and hope you never get audited. Hey but you want to learn the hard way and it is a free country so who am I to...

no you idiot the ira status ended the second one dollar of the money hit your LLC...whooops!

Holy shit. You poor dumb bastard. Please read this carefully as it pertains to how hard you are going to be f'd. I have made millions as a trader and gone down the same path as yourself, trying to find a way to save some taxes. However our paths diverged when I went to a top tier global CPA...

The Dealio - An IRA must have a custodian that is a bank. No custodian on gods green earth wants to take the risk of allowing margin on an IRA. So...what to do? Roll your IRA's into a self directed profit sharing, etc. You can even do a profit sharing 401K combo. So , say you knock out 50K...

schwab has an alternative investment group in san fran that allows any schwab ira to do just that.

Toonces - the whole point of doing this (which I have been since 99) is to compound the shit out of that money. If you are an awesome trader and you can nail a 50% return for 8 years (like I have) you will have 26 times your original investment (not even counting ongoing contributions...

Your lcd monitor does not burn in. I know it appears that way to you but if you stop panicking and just leave it alone the old icons etc that you think are burned in will fade over a few days. If you have white, black, or grey backgrounds this is much more apparent. Try using the regular...

Well aside from the comment that all hedge fund blowups were brand name audits, (which is simply untrue, in fact most blow ups were either not audited at all or were audited by no name small firms) i would say you are indeed doing everything in your power to start now. I made my millions...

volatility - It is fine to attend one of those seminars although it will be mostly vendors trying to get your busines as you noticed from my post they skim a lot off the top. I think you will find however that the seed/angel investors wanting half of your firm will still want you to have 5-10M...

Here is my own biased and probably half witted advise. If you have a good system trade it until you are wealthy or until you have the contacts to raise 20M to 30M at a bare minimum. I run a hedge fund company with a single fund. Of course there is also an offshore version of this fund for...

Pairs trading kicked ass in the 80's and 90's when having a computer and a database of stock names to search was actually an edge. Anyone who sells it now is giving you snake oil, whatever the hell that means!

Ah, I wasn't aware of that. Also, I think was getting you confused with the guy who started this thread. Joe

The best tax avoidance scheme for someone like yourself living in the US is to simply trade from an LLC or an S-Corp and pay yourself a salary so that you can contribute to a pension plan. Yes, you will have to pay FICA but you will be allowed to set up a profit sharing plan/401K combination...

http://www.sglawyers.com/Publications/conducting.doc

market surfer, The only confusion on this board is coming from you. You absolutely cannot pay a fee to anyone for raising money for your hedge fund unless they are a registered broker dealer (without extreme liability of course). You can pay a few K to present at a conference, roundtable...

. instruments: predominantly global equities, but also futures, options, FX and derrivatives . assets: PA + OPM . structure: Hedge Fund . preferred brokers / ECNs: ITG (Including Hoenig and Jeffries), Instinet, Morgan, Goldman, Lehman, TD. . prime broker / IPB: One of the big 3 . based in /...

Of course money doesn't buy you happiness, but it is still a stupid aphorism because whomever said that had obviously never been poor. Not having enough is a miserable thing to experience. That being said, once your wealth/income hit a certain level your happiness doesn't necessarily increase...

The only way to get historical NYSE MOC imbalance data is to archive it yourself. The Dow Jones news feeds only store them for a couple days at most and also they are in a hard to use text format. But the dow jones and all the trading platforms that have MOC data get it directly from the NYSE...