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Just go to the super market or any other type of store and see what's happening to prices. Check out the price at the pump too. Gold is going higher. Who knows if it's going to 2000 but it's going higher. Yeah! I'm long gold :mad:

Reporting equities can be very easy too. Instead of listing each transaction list your total proceeds and basis on Sch D from all trades and then mail in Form 8453 with a copy of your brokers statement. Be sure to separate the trades between long and short term holding period. Easy as pie...

About 10 years ago I was audited because I completely forgot about one of my trading accounts. I lost $150 in that account but since I didn't report it the IRS figured my tax liability on proceeds with zero basis. I got a proposed assessment for $34,000. I simply filled out 6781 and schedule...

The Fed is forcing interest rates down by lowering the discount and Fed Funds rate and the long bond through the QE program so that means companies can finance their operation with very cheap money. Cheap money translates into stronger earnings, lower unemployment, and higher dividends. I...

There was a house across the street from that was vacant for 3 years with several offers during that time. The bank kept stalling on the sale of the house so the buyers had no choice but to walk away. The bank eventually sold it a few months ago. BTW, the bank was the one, the only, BAC.

Sounds like there's a virtual endless supply of homes. But then the banks get to mark the value of a house to whatever they want. It's when they sell it that they have to recognize the real market value. That's probably the reason there is a shadow market. If the banks sell too many homes at...

If you wish, you don't have to start an incubator. If your personal returns are good investors will probably accept them. When I started my HF I used my personal returns to demonstrate profitability. All you need is one investor to start the partnership. I started out with 13 investors and...

The Fed is trying like hell to get the prices of houses turned around because so many houses are on the books of the banks. Unfortunately for the Fed, and the banks, the only thing that isn't inflating is the price of a home. Boy! Anyone been to the grocery store lately? Oh yeah....food and...

You were the first to speak :D

Where are you living? Inflation is beginning to take off. Go buy a loaf of bread. It's now higher than it was in 2007 before the bomb went off. If the Fed keeps rates at 0 and QEIII comes on board it's going to get much, much worse. Expect more food riots in less developed countries. Shit...

You can buy a car with 10,000+ w/o the IRS knowing about it if the dealership will work with you. They deposit 8k this month, 2k the next 9k after than, and so on until the price is met. Another thing people generally aren't aware of...dollar bills have micro chips in them so if you carry...

I tried trading a tick chart a long while ago and while I was profitable the commission ate it all up. Prop shops want your to churn you account scalping for a tick. I find it much easier to ride a move for 15 to 20 minutes, sometimes longer. I wouldn't recommend tick trading.

If your wife works a regular 9 to 5 then you should have no problem. It sounds as though you didn't. You can still list our name on the mortgage. Just change your job title to whatever you think is appealing to the bank. Self-employed investor? Just tell them you use Schedule C and report...

Predictions are more a reflection of the predictor than the instrument being predicted.

4% unemployment? What a joke. The campaigning has already begun. The sad part about is the herd will believe, "yes we did."

It is nonsense. What purpose does it serve if the country just keeps blowing through it? And at what point does the spiraling debt become unpayable? Since we're around 100% of GDP I don't think we are there but I don't think we're very far either. Spend on America... EDIT: Ran to the...

What's even more sickening is people who lied about the money they made (not suggesting it was right) are now being prosecuted and sent to prison. Who from Wall Street has gone to prison?

You "can" get a mortgage, or you "did" get a mortgage after being "unemployed" for 10-years? If you're a FT trader I don't personally consider you unemployed but the bank does care what I think. I run an LLC investment firm so my job title is "Investment Manager." Guess what I do within that...

There's something about compounding interest that gives me a boner. Had you invested a $1 during that 200 years that inflation destroyed that dollar you'd have 115,126 dollars. Or, better yet, invest $1 per year at that rate and you have a whopping 1,918,748 dollars. Damn, that's a lot of...

Perhaps I'm missing your meaning but it sounds like you are saying to report the gains like any regular trader/investor and list the expenses associated with such an activity on Sch C. If that's what you meant then you have a number of problems with the biggest being the expenses being written...