Quote from PHOENIX TRADING:
oh no doubt & I appreciate your honest appraisal.
I'm just recognizing it as the perfect trading tax haven environment.
Peter schiff is opening an office there , he did a pretty good interview with the author of the new 2012 tax bill. (I caught it for free but now that it's in the archives i think that takes a subscription)
zero cap gains, no wash sale rules: no phantom gain taxation dec 31 every year if you are doing mark to market to avoid (wash sales restrictions).
But if it sucks to live there 170 days out of the year I'll go elsewhere.
I think everybody should have a plan or 3 options.
will be interesting to see how congress tries to stop PR from becoming a tax haven.
Firstly I've got to do better at handling this ZIRP environment.
last year I thought it was too late to join the bandwagon and i just don't see the sense in jumping on a train that appears to be heading inexorably towards an RCG engineered bridge.