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  1. rwk

    Nuclear power plant problem in US

    I would say Fukushima Daiichi was worse than Three-mile Island. @piezoe: You seem fairly knowledgeable, so you should know that there is no such thing as "spent fuel disposal". Spent fuel cannot be disposed of, only stored. The idea of disposal comes from an obsolete paradigm called "out...
  2. rwk

    Futures Insurance Anyone?

    Although we do not know the full facts of what happened in this matter, the system failed to protect the customers of Peregrine," Gensler said. "Just like the local police cannot prevent all bank robberies, however, market regulators cannot prevent all financial fraud. Market regulators...
  3. rwk

    Futures Insurance Anyone?

    @Swan Noir: To be clear, are you saying that MF Global's predicament was evident in the CFTC reports, but that PFGBest's were not? Could this mean that carefully scrutinizing the CFTC reports might give a false sense of security? It's my feeling that deposit insurance similar to SIPC is...
  4. rwk

    IB trustuworthy?

    If you're a U.S. resident, withdrawals can be automated. If you're outside the U.S. or need manual processing, expect it to take a long time.
  5. rwk

    'Meaningful Work'

    The author confuses enjoyment with meaning. I guess a lot of people make that mistake.
  6. rwk

    Norton is Expiring, Should I Renew

    Eset NOD32 gets mentioned a lot here. I have used it for years and still do. It supposedly has one of the smallest memory footprints and best zero-day protection.
  7. rwk

    Norton is Expiring, Should I Renew

    Do NOT attempt to run more than one antivirus. I had Norton years ago, and when I removed it, it took a big chunk of Windows with it. OUCH!
  8. rwk

    which high speed internet connect to use?

    I currently have FiOS with Frontier (formerly Verizon), and it is the best I have seen, but definitely not 100% reliable. I have had router failure and more often hardware failures on the ISP side. When that happens, support can be a problem. I have had Comcast cable in two cities, and both...
  9. rwk

    Deleting Symbols from IB tws Charts?

    I had that same question, and tech support told me that it is just a list of recently-used symbols and doesn't take any memory. There is no need to delete them.
  10. rwk

    Windows 7 Clock Synchronization Apps

    You didn't mention what OS you're running, but you should be aware that if you are running Windows and any Java applications (e.g. Interactive Brokers' TWS), starting the Java app throws your system clock off. I am amazed that this problem hasn't been fixed or even discussed much. There is a...
  11. rwk

    Windows 7 Clock Synchronization Apps

    I use nistime and recommend it highly: http://www.nist.gov/pml/div688/grp40/its.cfm It's free, works well, and has source code if you need that.
  12. rwk

    Trading model

    My recommendation is to offer to trade a small account for them. I would not disclose much more about the strategy than you have posted here. There is not much you can say about your strategy without risking competition. If they are not willing to let you trade for them, then you probably...
  13. rwk

    Warren Buffett Has Prostate Cancer

    According to this article, 3/4ths of men over 85 have prostate cancer. Buffett is going on 82, and his cancer is stage 1. http://www.nytimes.com/2011/10/07/health/07prostate.html
  14. rwk

    IB a/c logs out and in repeatedly

    That happened to me pretty regularly when I was using cable modem.
  15. rwk

    May Crude spike at 8:55am CT?

    People talk about what a monster the ES is, but I think CL has it beat. :)
  16. rwk

    Botched 1099-B cost-basis reporting: The List

    My yearend reports matched the monthlies to the penny until I switched to IB's unbundled commissions. Since then, they have always been off by a few dollars. That bothered me at first, but now I don't sweat it. I think the variances are due to fees and rebates coming in late. I make sure my...
  17. rwk

    brokers point of view to options trading

    I cannot speak for your broker, but I realize that some are not very reputable and may be too concerned about earning commissions. In general, both futures and options are considered risky because they are more highly leveraged than more familiar investments such as stocks and mutual funds...
  18. rwk

    stocks to futures

    There are differences. Futures margins (i.e. performance bonds) are much lower, giving newbies enough leverage to go broke a LOT faster. And it is just as easy to sell short as to buy long. Futures accounts have no SIPC insurance.
  19. rwk

    When does IB deliver it's tax forms online?

    That's an excellent question. In your example, you would likely have lots of wash sales, yet none of them would affect your taxes. But under the new rules, you would still have to report those wash sales. Your total wash sales disallowed would exactly equal the sum of all your cost basis...
  20. rwk

    When does IB deliver it's tax forms online?

    Those numbers ($54k total and $1800 net) sound realistic. Consider a thought experiment: You trade only QQQ every day. Assume half your trades are losses. Assume that at the end of the year you broke even. *All* your QQQ losing trades will be wash sales, and the total will certainly be in...
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