Search results

The trend of rich people paying less taxes will likely continue, thanks to President Trump. His policies seem to be moving in this direction.

Interactive Brokers used to be the winner when it comes to low cost and interest earned on cash in account. Now, Robinhood has beaten Interactive Brokers on their own game. Kudos to Robinhood. IB, take note of this new competitor.

Most hedge funds close because investors are pulling out funds. Seldom is lack of opportunities the real reason, especially when fund managers can earn guaranteed management fees even when they lose money. However, it does make sense for fund managers who do not charge management fees to close...

When money is not enough, work is a way to make money. When money is enough, then humans will seek work that gives them higher satisfaction or what you say higher calling. It is unrealistic to seek work for higher satisfaction when money is not enough. This is what people who adopt the...

The code behind the automation still needs to be changed from time to time because market changes. You still need to be mentally agile even with full automation.

I agree. But if someone manages other people's money, he should be mindful of his age and the risk that age will wear off his performance and cause him to lose other people's money.

At age 76, it's really time to call it a day, however successful a person has been throughout his life. It's an age when one has to be thankful for waking up in the morning.

They can be held liable indeed. The accounts are held in the client's name. So, be careful how your investment fund structure the investment. CTA managed futures accounts work in this way. Liabilities can be unlimited.

$3m for his fund or for himself? He was wearing a nice watch when he apologised to his investors. I think he is still doing quite well personally.

If margins keep getting hit due to rogue price fluctuations like what was seen in natural gas prices on Oct, it means margins are going to be raised substantially soon.

How can Altria stock go up 71000% since 81% when U.S cigarette consumption dropped 44%? This question is more suitable for value investors. This may not be the right question to ask on an elitetraders forum but I assume many of you traders here have more than one trick up your sleeve. I...

Ok. You're right. I wouldn't want to hear that if I happen to be an unattractive woman. Unfortunately, I can't edit the original post anymore as the time for edit has expired.

In modern times, ugly fat pigs have an edge over gorgeous babes in the workplace. Male bosses feel safer with ugly fat pigs and will be more willing to spend time with them. I foresee businesses making money from cosmetics and looking good to report poorer earnings going forward.

I agree. As long as American money has been cheated, the American government has a duty to punish whichever foreigner who did the cheating. The question is ... if the fine is too heavy and foreigners perceive as they are being discriminated, it will affect future foreign investments. What that...

Robert Kiyosaki is not known for trading in financial markets. He is known as a real estate trader. I guess his old expertise has not been too profitable since 2008.

Sorry to hear about another hedge fund closure. Having been through psychologically draining drawdowns before, I have sympathies for hedge fund managers who have to close down their funds because of drawdowns. I wonder what are the truly bizarre stock action in the energy sector that caused...

THe small guy got charged. The big guys got away.

Julian Robertson was killed by the dot-com boom. He lost money when almost everyone else was making lots of money. Easy money then even for inexperienced retail investors. I would expect earnings to be more consistent if he hedged properly. Nevertheless, I'm sure he is a better investor than me...

Are you sure she made money for her clients? It is either she made money or lost money. This is a fact which cannot be argued. No grey area. Which is correct? Made or lose money?

Thanks for the answer. I presume spread bets have higher win rates but the disadvantage is limited gain compared to directional bets with lower win rates but gain which is not limited? As a retail trader who makes directional bets, I had < 50% win rates even in a good year.