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What you have described is dubbed a CFC by the IRS. Frequently a foreign corp. is "controlled" by Ameicans there not only are no tax advantages but often significant disadvantages. One of the problems is that American's who own securities past a threshold point in a CFC have to pay tax...

I have good people now but I had to educate myself to be able to find someone who could actually help me save some dollars with the IRS. It is hard to find a good tax person but it is doable. [/B] You raise a good point. I've been dealing with these types of proffessionals for so long and...

My thinking is staying retail and not pay into the SS program since it may not be around or the benefits are so little compare to what I put in. Thanks to all that contribute with some very good info. [/B] You really don't need any tax advice. Simply trade as you are. save the SS and...

Today: Oil is so insanely priced. and you know Bush is leaving office. I don't it to be 2009 and gas is 1.50 / gallon, having missed another grand opportunity. The strategy of shorting markets that are going up is MUCH more often than not a losing one. Oil may very well be overpriced...

No one here has the time or inclanation to put up with nonsense like this. Obviously the trader refeered to has given us a sense of his extensive experience but even if his experience was less impressive he wouldn't desrve this rediculous reply. SOBER UP, GROW UP, DO BOTH or get lost. Tommy

Your current employer probably is required to offer you the same insurance plan as you now have under a Federal Statute known as COBRA; Tommy

Take Cutten's words about women and safety very seriously. If you decide to spend time in Dubai with a woman you must understand the risks and structure EVERYTHING you do with those realities in mind. It only takes a temporry lapse to put her at great risk. Their mindset, although disquised...

I agree on both counts; NYC RE has held up like a rock but, given the level of Wall St. layoffs and some higher inventory levels of late, it is likely to have some declines in coming months. My guess is when we look bck at this quarter (2nd quarter '08) a few months from now we will realize the...

On a historic basis you are absoloutely correct -- the rational for taxing labor at a higher rate was that it was locked in, it could not move. And of course capital always moved away from exxecisive taxation. One of our current problems is the way large sophisticated multi-nationals...

Most of the European home purchases even in the markets that have had dramactic price increases have been more conservatively financed -- much lower loan to value limits with, obviously, much higher % as a down payment. The glaring exception is the UK. Some of the big mortgage players --...

His father has served on a hospital board for many years that has a number of high level investment bankers on the board. He had a top flight introduction backed up by a brilliant mind for math that I'll never comprehend. Connections are there to be used in life if someone is fortunate...

I must be either missing something or misunderstanding ... it's not possible for a firm to take a performance bond of less than $1,000.

In his case it was a smaller shop not a major. His boss and two others left a big firm and set up on their own. They structured a compensation package for him that they expected would compensate him in the half million range and the firm and he had a blowout year. They offered him equity...

Many of the multimillion dollar bonuses on the street are paid in cash -- not stock or options. My cousin got a 2.4 million dollar bonus (he was 23) from his firm (he's a quant derivitives trader) two years ago and was given various options on how he wanted it paid. He took a check. The...

It's a FOREX rate not a retail rate that you can take as a bank deposit. The "deposit" never leaves the FOREX house. It never gets to a bank account you control, it never gets to currency ... it never hits your hands in a way that you can use it outside of the context of that trade. So what...

No major economics involved here. You are not the market maker. And none of the market makers will quote a negative ASK (key word being ASK) on the money to a retail customer/ The market is negative two bid. You put money in you lose two point a year. And it is one (not negative one ...

I doubt S&P's outlook cuts on Lehman and Goldman will surprise many. All they are saying is that their various lines of business will, in all lilihood, be slowing down in reaction to the unwinding in the credit bubble. I think Lehman's common is probably overpriced and may well be a good...

Did anyone say that a Swiss person could do that? The free lunches may appear to be on the menu but that doesn't mean they ever get to the table.