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If you go short a European Thai ETF that is quoted in EUR and silmutaneously buy a Thai fund tracking the same index in Thailand you'll get a near perfect currency hedge. Could be expensive though if you can't cross margin the two positions, although you could use options to help with that. You...

I bought it on Kindle. I wouldn't read the next one if you gave it to me for free, opportunity cost is too high.

They are absolutely 100% connected and move in lockstep absent a change in interest rates of one of the currencies. There is a no-arbitrage formula between forex spot and futures and any deviation of even a pip will get arb'd away in microseconds.

Nadex never had a floor operation, but they are CFTC regulated and will most certainly return your funds immediately upon request unlike most offshore bucket shops.

There was another thread about this book so I'm repeating a little, but to add to what @nooby_mcnoob pointed out on the hypocrisy bit, it's the height of hypocrisy that he wrote that very book on a multi-million dollar advance! The guy is legitimately smart, he wrote a book called Dynamic...

You go to a bank or buy treasuries if you want a risk free return. And you get the risk free rate or lower. You want a higher return, you incur a higher risk, that's the fundamental and accepted precept of modern portfolio theory. A wealth manager's job isn't to "make money" for you. It's to...

So this is the same non-answer that you provide the last time. Simple question: Is the cash collateral received for the loaned securities deposited to the customers account and protected by FDIC in the same manner as any other cash in their account or not? Simple yes or no answer would be great!

That's in the fine print of your margin agreement. When you borrow using margin you agree to allow them to lend out the shares securing the margin loan.

Does it actually ever specifically say the cash is deposited in your account? If it was, you'd then get to buy something with at least the 2% right? Again, the IB rep went to great lengths to avoid answering that question, so that pretty much never means the answer is favorable to us. In any...

Yeah, there's an interesting thread here where the IB rep basically repeatedly refused to answer that question while pretending to answer that question. Which tells me pretty clearly that it it's most probably a general obligation and you go to the back of the unsecured creditor line along with...

It's interesting where on Maslows Hierarchy everyone here seems to be; somewhere between physiological and esteem. The great thing about having anything above what you need to comfortably retire is what you can do to make whatever corner of the world you care about a better place.

Yes, you're correct on that. Also, you lose your SIPC protection on loaned securities.

Plenty of that, but also we have a big perception in the US that giving money away via a tax break is somehow "free market" while a subsidy or grant of the same amount is "giving away money to people who don't deserve it". The earned income credit is a prime example. It's an extremely...

I only know about it because some of the industry associations my company belongs to do lobbying so tell all their members what percent of their dues go to lobbying and you have to remember to remove those from your expenses when doing taxes. A pain in the ass really, easy to forget and your...

Actually lobbying at the federal level hasn't been deductible for years and they just recently changed the law to disallow deductions for lobbying at the state and local level. Depending what industry you're in it's sometimes not enough to build a better product as the tech industry found out...

We would all be billionaires if it was possible to trade VIX cash:D. There was actually a set of VIX ETFs a couple years ago that claimed through some smoke and mirrors that they would track the cash VIX and inverse. I can't even find their names now, so they must have failed, but if anyone...

Just giving you a hard time:) If English isn't your first language you're doing pretty well with it!

Since they're actually once every 3 months they must not be that important to you!

Nor do you get to write off the losses. Which are far more likely.

Don't flatter yourself. No one is reverse engineering your trades, not because it's too hard to do but because they have no desire to do so. When you have over $50M in AUM and a good track record then maybe you can start to worry about it. Oddly those folks really don't, but punters deluding...