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If someone write a book on tax comparison for traders, I am going to be the first to buy it.

Given years' historical data for 500 symbols in SnP500. (2000 rows and 500 columns, e.g.) Why don't you try simulation, for profit based on the new formula? and compare with plain Kelly.

BTW, would you like accept the CC as shown below, sent to my email from BAC? This topic was argued hours ago. $100 cash and no annual fee 1% cash back (2% at grocery and 3% gas) Why they are hoping to search a customer?

A lot of things will be changed after interest goes up. Not always buying with big mortgage outperforms renting. For example back in 80's 90's, FRB rate was > 10%. It can happen again. Furthermore, average rate was roughly 6%, during the last 400 years of modern capitalism. Can you manage...

I never said I will never get a loan for home. Personally there might be three times of loan in my life. I sold home 2006 (less than half loan at that time) since I felt the market was too hot temporarily. Probably after FRB increase the rate from 0.5% to 3~4%, it might be a good time to...

History shows that banks (creditors) survive to outperform the debtors in the long run. You are losing exactly as much as banks win. Please do NOT think that you are over the banks, never. Most time banks are smarter than investors.

There is a difference. Buying a home costs several 100K for one share, however there is lots of stocks less than 1K per share. Personally I have equity with no loan. Sometimes I pay interest in accidental purchase with margin loan but less than once in every year. Also after I sell my home...

Everyone has different choice. Of course I admit housing market is not as much volitile as security market. But remember that in 1929 depression stock prices goes down 1/7 and housing price goes down to 1/4, if I heard correctly. It can happen again as long as FRB manipulate rate.

If I have 30% down or 50% down available, then I can buy a home for example. To do that we have to save many years. Buying a home with 10% down is a stupid choice, even if payment is lower than rent temporarily. Mortgage payment depends on the temporary interest rate by FRB. If the rate is...

Absolutely agree that point. Usually mortage forclosure takes at least 90 days, in some states. However, margin debt can be foreclosured in THE SAME day. That is why my friends never bet with margin, unless accidentally. It should be less than one time every year. No one knows 2015 or 2016...

It is their own proprietory choice. In capitalism, you do NOT have to sign the car insurance if you feel you are not understood. Credit card issuing is NOT just for money. In my guess, they want to watch your living style. It is like the cell phone, to find out where you are and who you...

My english is short. Please fogive me.

My personal guess is that they want to watch your location where you purchase what you buy. That is why they like to give you credit card desperately. You have to show your location and behaviour of living style to them sufficiently. I also hate to show my personal matters like you. For...

I agree middle class can live WITHOUT any debt, even lower class. Before signing any loan, we have to calculate entire interest for the contract period. Always banks makes money as same as you shall lose, based on zero-sum principle. It is like very healthy life, such as bikers running with...

It is since your credit history WAS short AT THAT TIME if my understanding is correct. A few years living in states with accumulating credit history gives you 10K credit cards and later car with no down payment.

In this elite site, most participants have no such 1M profit case. My personal guess is between 50K to several 100Ks so that 20% profit produce between 10K and several 20Ks.

You might be disappointed if there is no loan from banks. However, think about living WITHOUT paying any interest AT ALL, like the above volpunter. To do that without any loan including credit card (temporary loan for a month WITHOUT interest), you have to keep some cash in your brokerage...

Thanx for both.

Maybe, among all the strategies with NO possible bankrupcy, Kelly might be the best rewarding, in terms of long-term compounding. The book explains in detail, page 99 and page 232. However, since Kelly does not asks margin and leverage, long-term profit is NOT as much as many traders...

It is a good idea. Go to the next without leaving a reply.