Search results

Please tell me why you think that is not the case. http://www.investopedia.com/terms/z/zero-sumgame.asp

But that is not correct. First of all, the stock market is not a zero sum game. Second of all, I do not know who I trade against and I do not know their motives. Are they a long term investor? If so, then they hardly care that a trader might have made a little off of their transaction. They...

But in the end it is the same freaking result. What, the organization donated to doesn't "keep our economy moving"? What's your deal with where the money is derived from? You obviously have some sort of bias against the financial industry. Your words, not mine. I never said anything like...

I really don't get your point. Who is better, a person who owns a company and has 100 employees or a trader who donates to a non-profit organization so that they can have 100 employees? They are the same in my eyes. They are creating an opportunity that was not there before and doing an equal...

And I understand what you are saying, but settling for a crappy fix in hopes that it will get better in the future is not ideal. Maybe it is the best we can hope for, but I am not so sure. I would rather this bill be scrapped entirely than be passed. I don't have high hopes that it will do any...

Your reasoning is we need to make things crappy to make things better. It is always an idiotic move but I don't expect you to agree.

Gee, what a nice thought. You're an idiot.

What if somebody has found their niche in life by trading? The best way they can give back to society is to not only donate their extra time to worthy projects but also to contribute money to organizations that don't just provide band-aids. There are definitely some out there. I would say they...

Ironic considering Barney Frank is the jerk who promoted home ownership for everyone.

Yes, I agree. From what I've read about him, I can't imagine him selling IB, but you never know.

That is assuming Peterffy allows it to be sold? Reading about his history, I'm not sure but maybe everyone has their price.

That Pelosi is a genius for wanting a second round of stimulus checks?

The solution to the healthcare crisis is to promote more competition between insurers, promote transparent pricing of hospital services, and to reduce the impact of lawyers on the industry. Proponents of the current bill claim that it aids these areas, but I don't see it. Start from scratch and...

In theory that's great. However, in practice it doesn't hold water. You cannot differentiate people who are playing the greater fool game from the ones who are buying a company based on rising earnings and the future ability of companies to pay out the dividends you so covet. You are just...

I am pretty sure you cannot have a trading business unless you qualify for trader status. And if you do not have a trading business, then you cannot write off expenses on Schedule C. Commissions are counted in the cost basis regardless of whether you have trading status or not.

Ok well speaking as an individual with no LLC, I know that I can report my expenses on Schedule C and report my transactions on Form 4797 as mark-to-market. I don't see why it would be any different for an LLC but maybe there is a reason. Good luck.

Yes, they now know that anyplace can host the Winter Olympics as long as they truck in the snow. Jamaica in 2022?

Do you report your trades on Schedule D and not on some other form? Just a guess but if you report them on Schedule D it seems like wash sales apply. You probably already know this, but for next year consider taking the mark-to-market election. You have to elect one year in advance though...

I'll live with this rule, but it: 1. Pisses off people who think implementing the uptick rule is annoying - they still have to implement it when the 10% conditions are met. 2. Pisses off people who want a crackdown on naked short selling - there is none. 3. Pisses off Jim Cramer who wants...

And the only reason the budget was balanced temporarily was because of the internet bubble. So the economic expansion was built upon multiple bubbles and the people in charge encouraged it. Why stop a good thing, right? I mean even Alan Greenspan said it was impossible to detect bubbles! Well...