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Are you talking about absolute price or daily percent change? The daily percentage change should be close to identical. Price over time drifts apart because IVV can lend shares and reinvests dividends before payout where as SPY does not. So they're not tracking exactly the same thing, i.e. right...

That is all true, but that particular security is so heavily traded by institutional players who can take advantage of the risk free arb with creation units that tracking error would only get above half a percent in some pretty extreme circumstances. In fact the average daily tracking error for...

That's not tracking error, SPY is one of the most liquid financial instruments in the world and the tracking error is pretty much zero.

Schwab definitely allows it, just did a foreign wire to a contractor in another country with no issues two weeks ago.

First off the CA proposal is for individuals and only covers amounts over $30M, so at most a couple people here would remotely need to worry about it in their lifetime. Secondly it's almost certainly unconstitutional, so in the highly unlikely case it passes it will simply be struck down...

I paid a little over $12,000 this year. A dozen state returns and K-1s and some foreign stuff with FBARs and 8938s plus the trading. Money well spent in my opinion, I could have spent a lot of hours I didn't have on it and still screwed a bunch of things up. All depends on the complexity of...

Spend time with family and friends, go sailing, have a couple beers, read a book, do projects around the house... basically have a life that values the freedom to do what you want that money buys infinitely more than money itself.

Except an airline is producing a service of transportation that itself produces economic activity. If you're going to spend a significant percentage of your budget every year on something with just jobs in mind, you'd probably spend it all on infrastructure which itself creates significantly...

A lot of that depends on what percentage of the defense budget goes to defense contractor and government employee salaries and what percentage goes to really expensive raw materials and the defense industrial complex's profits. I'd guess not much, relatively, goes to the former and a whole lot...

The non-discretionary portion of the budget is really irrelevant to this discussion because, as it's name so strongly implies, it's non-discretionary. It's primarily self-funded by Social Security and Medicare taxes and all those funds must then go back to SS and Medicare benefits. If we want to...

Why, exactly? I can't think of much that has less to do with the earnings and wealth disparity than the U.S. and every other country in the world going off any kind of gold standard.

Fantasy land is this false equivalence argument you're making. An assertion that "Trump has brought back 11,000 of the 63,000 factories lost" is a quantitative, data based assertion that can easily be investigated and shown to be true, false, or misleading with the reasons it's misleading...

Yes, that! The problem is this. You could have a strategy that gave us 80% ability to respond to anything happening anywhere with full effectiveness and the ability to respond to the other 20% with 50% effectiveness until everything else was brought to bear. That would cost about 40% of what we...

There's actually not a lot of waste of that type. There are a bunch of us who like to think we're pretty smart and are pretty driven and work our ass off to make sure that doesn't happen. The real waste is in entire weapons systems that are purchased and then immediately put into mothballs. A...

That's a bond with a coupon. Some of the same problem if you bought it at a discount or premium but easier to abstract the problem if you think about zero coupon bonds.

Right, so if I bought a 30 year bond at a X discount to face value with Y days left to maturity I'd use that discount to impute an interest rate. Then apply that interest rate to the day's I'd held the bond and add that to the price I paid for the bond. And any discount or premium that my sales...

That's the crux of the question though. On a bond that's just sold at a discount to face value to reflect interest, how do you determine the breakout between accrued interest and capital gains?

So here's the deal, 53% of U.S. discretionary spending goes to the military. I spent more than 20 years in the military, I can tell you that there were literally hundreds of things I saw money spent on that could have been better spent on a child getting enough to eat, regardless of their race...

Sorry, options on futures. Different risk profile to the broker than what you're probably talking about, which is more along the lines of what @bone is saying. He knows far more than me in that area so I'd go with what he says.

The problem with that approach is it doesn't accurately capture any capital gains or losses that occurred because of a change in interest rate. Let's say I buy a 30 year bond today and interest rates unexpectedly go down dramatically 3 days later which causes the price of the bond to immediately...