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I did it the old fashioned way, I earned it. I lived well within my means and was fortunate enough to get a GOOD job through my education and skills. I always devoted money to my 401K, Roth and personal investing/trading account. No matter how much or little I made I always saved and...

Deliberations won't even take 3 days. Verdict by next Tues. or Wed. Guilty of course.

I think this is one of the most realistic statements on the thread thus far. Under capitalization is a killer. The amount necessary to get started in trading is really a generic question. It will vary wildly from person to person. I think the main question is whether or not you are...

Palm

LLC only really starts to apply when you need to protect yourself and capital from others, usually investors, partners and other businesses. Also if you're giving out services an LLC becomes important. I really wouldn't worry too much about it unless you're going to start taking in money...

Huh?

Bernanke has set himself up perfectly for a pause. Jobs numbers, CPI and PPI numbers mean something once again. Don't think you're going to see your 30% correction any time soon, but 10% is very possible. After all, 10% only brings us back down to 10,300 or so. Wouldn't be...

When you sell your house that's paid for, you downsize. That's what many Americans do. You extract a big chunk of capital appreciation which is now tax advantaged (for primary residence sales) and move down in house size. It's the reason the average square footage per house is lower in...

Short answer, nothing wrong with getting assigned. Usual put assignment horror story goes something like this; Bob (tried to assign as generic a name as possible) thinks its neat and great to collect premiums on writing puts. He does it a little with success and no assignment. Bob thinks...

Only the speculators or those that grossly overpaid will be hurt. The average "Joe" or "Jane" will simply have to live longer in one spot to even out the equity. Even if there's a recession, only those that are overextended will get hurt. Now, we can argue if the average American is...

If you want liquidity and access, there are a bunch of good rates to be had with some simple homework. CD's are good, but have to lock up and with rates going up, maybe not a great place to stash your cash. Think about breaking that money into segments. Maybe two chunks of 25K? (or whatever...

Thought this series of articles could serve some well that are interested. I know that many here are (or at least think they are) advanced, but there is always room to grow. Just thought some might find this interesting, especially those wanting to get started in trading. Some good...

Interesting conversation really. I wouldn't say this bull is long in the tooth until retail starts to really get involved. Has that happened yet? I tend not to think so, but could be getting close. I want a looooooooooooong painful Summer, the sadist in me needs to be sated. It'll...

forgot : Swan to be used in conjunction with a couple of those words. :D

ddunbar... Options expiring worthless is the exact point/goal of many strategies. If options aren't your gig, nothing wrong with that. But to start throwing statements around that are often quoted, often out of context is a little misleading. Options are too often given a bad rap or...

My #1 mistake: Getting too fancy for my own good! It's soooo easy to get overextended which will inevitably cause confusion and mistakes. Take a more zen approach now. Stripped down indicators and analysis. Concentration in only 1 or 2 positions for time period. Do I miss some...

Like it has been posted by FullyArticulate, options are in 3D. Options can be as complex or as simple as you want them to be, but what I have found is that most people that get "hurt" with them usually don't have the knowledge or haven't put in the work necessary to make them as profitable...

Today's answer: Puerto Rico :D

O.P. First thing I'd tell him is that when he's an adult (legally 18 here in the U.S.) he can do anything he wants to do. Some things I will support and other things I will not. Personally I am a HUGE believer in education. Education for the sake of learning, not earning. If you want your...

LR, class act and his show served as the first of its kind that introduced "little guys" (like me) to the world of investing. For me, his show on PBS, served as an introduction to Wall Street well before the CNBC's of the world. LR, brought investing out of New York and into the living...