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No, I don't have a Roth because I'm not a sucker who thinks that Congress in 2030 will honor the commitments made by Congress in the 1990's to keep the distributions tax-free. The difference with Roth is that the contributions are post-tax, so OBVIOUSLY the limits are going to be more...

Romney's got the white working class guy vote locked down. Whatever the guy did as a financier, the fact is that the President of the United States is not a job in which one does a lot of private sector outsourcing, but it is a job in which one can create a lot of Federal government...

Look, I know you're not dumb, but let me try to explain it to you simply. That page gives you info on the maximum amount which you may contribute and DEDUCT FROM YOUR INCOME TAX FOR THAT YEAR IF YOUR ADJUSTED GROSS INCOME IS BELOW A SPECIFIC THRESHOLD. It says NOTHING about how much you...

Only for the "deductible" part. For the "excess contributions", there is a tax of 6%/year. If you have $100M in there, that's a $6M tax/year. If that $100M is generating $6.1M in cash flow/year, that's $100K tax-deferred and you've paid your 6% tax, too. If that $100M is generating...

It's not tax-free, it's tax-deferred and, obviously, whatever gains you make have to stay within the IRA for them to maintain that status. "One of the most common and 100% IRS-approved ways for the active trader to avoid taxes is to trade within an IRA. Please note, I am not a CPA or Tax...

Not really illogical because the growth in the assets is tax-deferred, so you can buy and sell and never pay any taxes until you withdraw assets as income. For a lot of people, though probably not Romney, there is also the benefit of withdrawing assets and being taxed on them at a lower rate...

That's just the maximum annual deductible contribution. You can put $100 million in your IRA any time you want, but you can only deduct the first $2,000 and that's only if your AGI is below a certain threshold. I doubt Romney's ever been able to deduct any of those contributions given how much...

A lot of times, what the company considers "theirs" is determined by whether what you consider "yours" in any way competes with them in their business or could be used by a competitor. If you go to work for a manufacturing company as a contractor, but develop some financial market analysis...

Well, I got up around 2:45 AM Eastern today and by a little after 4AM, I was long oil. So, at least today it was an edge. :) In fact, on my Euro and crude trades before 6AM Eastern, my average return is about 3.5%, so maybe there's something to that "early to bed, early to rise" stuff...

So what? I find my setup with the 3% stop-out rate in all kinds of markets, too. I don't lack for trading opportunities because of the way I set my initial stops.

True, the "access" really comes at the end of a much longer process of strategy conception, development, refinement and iteration. There is always the question of how original something is. I guess when you look at the public discourse on trading and see what's discussed vs. what isn't...

Yes, alot of after the fact examples exist, from which you can cherry-pick. On that, I agree. I set my initial stops to not get hit. My initial stops get hit less than 3% of the time. Clearly, I know what I'm doing. How often do your initial stops get hit? Plus, regarding position...

So long as "proprietary analysis" is categorized under "access to special information", I don't see anything wrong with that taxonomy per se, although "access to special information" makes me think of insider trading type stuff, which obviously happens, but isn't the only kind of information...

That thread was someone's journal and I didn't want to get bogged down in a tangential discussion. Anyway, I suggested to you that there is a better way to set initial stops. You don't want to follow up on my suggestion? That's fine with me. As for the persuasiveness of a couple...

Right, you have to have positive expectancy to justify saying you have an edge and it has to be big enough to persist after transaction costs are included.

Can anyone tell me what time the ECB announces its meeting outcomes after its regularly scheduled meetings, preferably in Eastern Standard Time?

This is the first time I've calculated it, but there are two variants of entry strategy I can use. The first is psychologically a bit more difficult, due to where it requires you to enter a trade relative to some other factors my model takes into account, whereas the second does not have such a...

That question basically boils down to "What are the details of your strategy?", no? Obviously, I'm not going to give a detailed answer to that. I have come up with a completely new (as far as I can tell) concept in volatility analysis. That enables me to discern which trend reversals are...

My edge is superior analysis of the short-term trend reversal process. I correctly identify and profit from short-term trend reversals ~65% of the time because I know what to look for. This requires an in-depth understanding of price, time and volatility. It's easy to tell, from my vantage...

When the person doing the helping is working for a charity that runs on voluntary donations, I don't consider myself harmed at all. When the person doing the helping is a unionized public employee with a guaranteed pension and post-retirement health care benefits, yeah, I consider myself a...