...wages [are taxed]. But oddly enough, financial transactions are exempt from tax.
What kind of muddled thinking is this? Wage income is taxed, as is income from investments. A better analogy would be, "Getting a job or losing a job isn't taxed, so why should getting into or out of an...
That's similar to something I've been wondering about with inverse ETFs. Wouldn't it always be better to go short the long ETF than long the inverse, since then you would have fees, expenses, trading costs etc. working for you instead of against?
I'm not sure if figured this right, but using your numbers, over those 18 months UNG underperformed the futures by about 22%. That seems pretty expensive to me, or did I figure something wrong?
I'm thinking about getting the "ES Tick Data since Mar.2003" from http://www.anfutures.com/datasvc.htm Does anybody have any experience with this product, or an alternative I could look at?
To take it further...
Let's say you were a supernatural trader, averaging .6% per trade, trading 6 times a day. Ignoring componding you would make 900% per year. Including compounding you would own the earth in no time. With this tax you would pay 83% of your profits, on top of what you...