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If you have any and can become a member, usually your local credit unions will have better rates and terms on CD's. Joe.

"He said it was no problem because as long as the 4PM closing price was away from his short strike, the stock could move anyway and he'd be okay" Incorrect. If there was a significant event, he could be assigned and find that on Mon opening that he can't sell it for anywhere near what he...

But what if you think the $100 stock is going to $150? Does the slippage still prevent you from buying it? Joe.

The wife would have to work! :eek: With some downsizing I would be fine for several years as long as that 75% drop did not affect my health insurance. In fact, my major concern as I approach retirement is the impact that health insurance will have on me if I want to try and retire before...

If you do not know if the host left the last cup by knowledge or luck, it is still in your best interst to switch because if the feat was accomplished by knowledge, then you are 99 times better off by switching and if it was by luck, you are no worse off as the chance that the coin is under...

For the paradox to work, the host MUST know that the cup he/she turns over does not contain the coin. When this condition is met, you are better off switching because the chance that the coin is under your cup is 1/3 while the chance that the coin is under the other cup is 2/3. In the case...

It does matter because if the host does not know where the ball is and turns up the cup with the coin, there is no opportunity to switch. That the host knows where the coin is and will only turn up a cup without the coin is what creates the conditional probability and therefore the paradox...

I have no facts but I agree with you. I seem to recall that most contestants stayed with their choice. I also seem to remember that most wound up with the donkey. Joe.

The key to the whole problem. For the paradox to work, the host must KNOW that the door that he opens or the cup that he turns over is not the right answer. If the host doesn't know, then switching offers no benefit. Joe.

a) I want to pay 55 and play. I will win 60 out of 100 times for 60 * (100-55) = $2700. I will lose 40 out of 100 times for 40 * 55 = $2200. I will win $500 per 100 spins or on average $5 per spin to play. b) ? c) The fair price to play is: $60 60 (100 - x) = 40x Win 60 *...

The probability that you chose the cup with the coin is: 1/3. Put that cup to the right side of the table. The chance that the coin is under one of the cups that you did not choose is: 2/3. Put those two cups to the left side of the table. Now, turn up the one cup (of the two) without the...

Puts are assigned early all the time when they are DITM. If assigned, you could also close your position by selling both the stock and your long put (married put). Joe.

Is risk of ruin a concern? Let's go the other way. Is 25k enough? or 20, 15 or 10k? Can we agree that the chance of success in meeting his goal goes down with less starting capital and increases with more starting capital. I chose 100k because I am conservative. One that has any trading...

Above is the original post. The question is "Do you guys think that it's enough capital to achieve this goal?" NOT "Can it be done?" The answer to "Can it be done? is: Yes. But that doesn't take into account the probabability that he will be able to meet his goal. He could have also asked...

"any idea where to get some ? also where would you store it, other than burry them (which I am not too keen on..)" Check for local coin shows. You can buy all the common US silver you want for a little above melt. You can also buy on eBay for melt or sometimes a little below. Just be sure...

Thank you for the replies. To answer a couple of issues mentioned in previous posts, my criteria for purchasing C in the first place is still the same and now even more so at this new IMO attractive price. I purchase all my stock for cash (non-borrowed) and do not use margin if this info is...

I recently bought C at 51. I tend to buy a different stock each week and hold for a year. Over the last few years (rising market) there were very few that fell more than 10% so quickly. Now with this "correction", C has fallen quickly and I am considering buying more C (I do understand that...

I find in a lot of threads that the original premise gets distorted and then the thread breaks down because posters are not really discussing the same scenario. Yes, it is possible to double one's money within a year but what "investment" has a 90% chance of doing so? That is the criteria in...

True but not at only a 10% risk to double your money. That is not anywhere reasonable IMHO. Joe.

What am I missing??? I see a lot of threads with this same type of scenario (low risk, huge gain) with many posters responding like this is realistic. Is there some wording in the OP or "serious" responses that clues me in that this is a joke? If this is not a joke, sign me up for the 100%...