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Probably paying premium for insurance, is same as buying an option, which is definitely derivative, if my understanding is correct.

Of course, getting a job with salary is like this too. Suppose you are expected to work for 40 years from 20 to 60, with average yearly (after tax) income of 100K (or 50K). This is equivalent to 4000K (or 2000K) lifetime. However compare, with initial seed of 10K and compounded return of...

Of course, the above link says that, over the last 50 years, SnP500 showed annual 8% compounded, and threfore BRK shows additional 12%, OUTPERFORMED OVER THE INDEX.

For easy and simple, set 50 years (e,g, from 30 to 80) to achieve 1) 100 times for 10% 2) 1000 times for 15% 3) 9000 times for 20%, which happens to be credit card loan rate.

Dear- Most ETers like to show a good long-term record for his/her investing. However zero-sum market does NOT allow it, even before commission/tax. Well-known Buffet shows annually compounded 20% return for almost 50 year, as shown in http://www.berkshirehathaway.com/letters/2014ltr.pdf ...

I agree. Sometimes we need quiet office for work. However, sometimes coffee shop is better for new and creative thought, since we can see several faces of many people with free talk. The OP refers to a case of a 60's person everyday in coffee shop, mainly for not sleeping home. He always sit...

Unlike additional software as above, each security company better to provide their own API to the traders. For example, for well-known languages such as C++, C#, VB, R, Python, each broker SHOULD show code in their website. 1) data feed 2) get account info such as stock holding 3) deliver (BUY...

For the swing trader, what kind of wireless ISP is recommended? Probably it use cell signal? How much is the plan and 3 years of contract? PS) In case we travel abroad frequently, is there any wireless ISP for worldwide connection?

Of course, I may knew it but cannot remember what I did TWO years ago. That is why I posted the above question. Probably min cash of 10K should be deposited, BEFORE opening paper account, isn't it? I just hope to tell it to my friend for sure.

Dear- My friend asked me, regarding IB paper account with no prior trading history? 1) Should he deposit cash of 10K in REAL account, for opening paper account in IB? 2) If not, how much is it? 3) If his FICO is medium, can he open it? If so, what score is needed? 3) tell me any similar...

I mean hypothetical situation, such as if ALL internet providers are dead a few days in your area but NYSE is running. Can you claim to the court judge for your non responsibility, for the margin call?

I feel, like d08, that it may not be safe for long-time user, even though there is no definite answer for security. Let there are 3 major internet providers, such as A+B+C. If your main has a connection with A. Then you better find B and C nearby, to prepare disconnected in A. If those all...

Some child claim 4 desk to dad, to study well to pass bar exam. 4 desks are better than 1 desk, but not significantly.

So you means there is NO specific place where many traders gather around.

As an ET suggestion for the future, I hope ET owner/manager makes a column for coffee shop location (favorable to traders) by each city. It is like the gamblers forum, with casino lists nearby each city. Anyway tell me if there is one in Manhattan.

I saw a coffee shop that has a fixed location of PC, for common use by coffee buyer, losing a space of two chair.

I know 95% of traders is a loser in the long run. However OP is not related to possible bluff and his record. And ".besides, his car is really old..." is not an issue for deciding a good trader. Lots of wealthy person drive old car and wear old cloths. Possibly it is reason why he became...

He used to sitting to the glass window (face to street), open to public in street, so that I can easily take a photo long distance outside silently. He was saying that he sleep in home, so that he pay bus and coffee in the specific place in the coffee shop, just to avoid sleeping. I felt he is...

That was my FIRST visit in THE COFFEE SHOP, which is open just few weeks ago.

I did not chance to talk about his specific trading logic yet. But I will try next time. My first question will be "Did you keep using THE SAME LOGIC for 17 years?".