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I don’t know Canadian tax law but I’m sure there are safeguards in place to prevent tax arbitrage. Otherwise, people who create tax shelter products would easily game the system. Another example: you cannot deduct interest on a loan to buy tax-free investments (government bonds). I have no...

This is not exactly true. Interest paid on a loan for an investment isn’t always deductible. For example, if you lose on the investment.

Consider where the restaurant is operating out of. Shopping center rent is overpriced and there is the ever-increasing labor costs mandated by politicians who have never run a business. Minimum wage is $15+ in the areas I have business interests in. That’s on top of health benefits and...

It is by design, not out of stupidity. They could have easily suspended gas taxes like other states but then they won’t have control over picking winners and losers. We don’t get rebate checks. The result is the rebate program works as an additional tax on the higher income brackets. But it’s...

Well there’s your difficulty right there. You are reading what’s in it.

Trading attracts a lot of greedy types. This forum is just a reflection of that. It’s interesting to observe. I didn’t mention health but yes I agree with you on that. Good points.

Don’t be jelly. Lots of money to be made in these times. Go make some. The topic is saving money. Why bother? Pick a lifestyle and make an amount in excess of what is needed to support that lifestyle. You won’t get there thinking conventionally; you will have to do better than buying lotto...

I found out about Modigliani over 20 years ago from Jack Hershey. To say the least, his life-cycle hypothesis was enlightening. I think most young people approach making money incorrectly. I know I did. It is difficult to escape the influence of one’s heritage and upbringing. Most any...

Nutrition is rarely mentioned. Runners tend to be carb (over)loaders. Very bad for the heart. It was a surprise when Jim Fixx died in his early 50s of a heart attack. He wrote the book on running and was on the box of Wheaties. Eating all that cereal probably didn’t help. In the 1980s I...

I don’t think this is anything like the mortgage crisis of 2008 when no area was spared. There is literally zero supply in certain areas and prices are not dipping much if at all. Waimea, Hawaii and pockets of Southern California are what I’m familiar with. I think the Las Vegas area isn’t...

Fish, as in naive, gullible, inexperienced. Pretty much everyone has a chart with colorful candlesticks. Everyone can learn on Investopedia what an outside day is. One of the posters who keeps stats gave a frequency of its occurrence in the stock indices at around 10%, which is not that...

The fish are drawn to them. That alone makes them notable. It’s always good to know what the fish are drawn to. A corollary is, don’t be a fish.

No worries.

Why not let him reply to your request? He may give you what you ask. I don’t use setups to make decisions so I can’t help you in that regard. But there are plenty of them floating around. I’m sure you can find enough to make a collection.

A “setup” is as dependable as the person using it. Flip a coin. It will work just as good.

Walter died in 2009. https://www.elitetrader.com/et/threads/walter-scott-bruan-rip.185239/

He gave it a shot and couldn’t figure it out and moved on. Seems reasonable. Trading futures is just a game. It’s not that important. People want to make it out to be more than it is. Therein lies their struggle.

This is true. Longevity can also cement incorrect thinking and behavior that eventually become permanent. Everyone has just one opportunity to begin correctly. Almost no one does.

SimpleMeLike, The amount of the losses is relative. He lost $140K because he had $140K. If he had only $14K he would have lost only $14K. This is why I say that being young and broke is the best situation to be in when learning on your own. You get the same painful lessons for less buck. Now...

How much capital are you looking to raise? $25K in an IRA + $20K in personal stuff you can sell = $45K. You don’t need more than this to reboot. I would say $20K is a good initial deposit for futures, so you have two shots at getting back in the groove. That is, if you know how to be in the...