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There are people desperate to borrow money at any cost. Without the ability to earn a risk premium, who's going to lend it to them?

BRK.A or BRK.B

This is a little facetious, but you could get rid of your Yen risk by investing the proceed in something Yen denominated.

Don't forget the power of a taking a lame moral stand against a victimless crime in an election year.

Do you guys have any idea how expensive it is to start any other kind of business? Most people have to take out loans on their homes to get started. 25k is nothing compared to the kind of money you'd need to start a store, bar or restaurant these days. 25k is a car loan these days. It...

Commercial rentals are quoted in dollars per square foot per year. So $20 on a 1k sf place means the rent is 20k/year. Terms are different than residential though, especially when it comes to electricity and stuff like air conditioning during nights/weekends. Traveler

That sounds like a terrible deal unless.. 1. The prop firm actually can train you to be profitable and you couldn't learn on your own. 2. You're flat broke and absolutely can't afford to fund an account yourself, ever. Traveler

I'd want the cap rate to be at least the cost of long-term financing but I doubt that's possible anymore due to the soaring prices out there. Traveler

I don't understand the necessity of a prop firm for futures. Intraday margins are low enough already. You can trade an IB or Velocity account from anywhere in the world. I apologize if I sound skeptical, but this question comes up a lot and I don't really understand why. Maybe to sit in a...

To the OP, it might just be easier to speculate directly in the hurricane event rather than the insurers. There are various bonds and derivative products for speculating on weather. I'd like to lay off some hurricane risk in that fashion, but... 1. I only want 300k coverage, not 100 MMM...

You guys are forgetting BRK.A. Their reinsurance sub has bought a ton of storm risk from other insurers. I have felt the pain of rising insurance premiums here in New Orleans. There is only one company that will even write policies here, and it is the state-backed insurer of last-resort...

I get the same thing in gambling. Takes a few years to become average- takes years to master. Just tell them it's a hard way to make an easy living.

Licensed stock, option and futures exchanges are exempt. Traveler

Wonder if the 5 MM requirement can be satisfied by a pooled broker dealer account at a prop firm like Bright etc?

Maybe you should seek help from the courts. Be sure to get a preliminary injunction to freeze their assets so that they will have the money to pay you. Traveler

This new law is just terrible. It was snuck in late in the day on Friday as an amendment to the Port bill. A cheap political trick. Since much of my biz as a pro gambler hinged on online play, I'm pretty much out of work now. Traveler

The majority of these companies are fair, and have been offering thousands of dollars in incentives to entice players to gamble there. This is a bad day for online gambling.

Who in their right mind would work for you for $250 a month as an employee? Should be more like $250/day. Traveler

Yeah. Keep in mind the losses are also magnified by the low per capita income too. A guy happy to make $20/day isn't going to have the financial resources to indemnify you if he blows up. I do think you have a good idea. Just be sure to partner up with a juiced-in local so you will have help...

Yes, but only a special situation like a sherrif's sale of a fixer for at least a 50% discount. Plus the New Orleans market where I live has a dramatic supply/demand imbalance due to Hurricane Katrina. Traveler