Why do people want to rely on free anonymous forum advice to save money? It is only a starting point to get ideas. And many times, the advice might be from a different country!
But ANYONE who is a serious trader, at least ONCE, needs to sit down with a tax-savvy CPA, even on the Internet, to set themselves set up, organized, and legally "vetted." If USA/Canada, you need to ensure you are set up OK on the fed and state level, with proper designation for your methods & instruments, ready to do proper record/book keeping, tax-deferred accounts, whatever.
Are those anonymous people going to show up if you get audited because you were improper? "Gee, I thought I saved myself $250..." Do you want to have to go back over years of accounting and other things to untie yourself if not done properly? Are you going to sift through the free advice, and take that from people who sound "smarter" when you yourself may not know much about the problem?
But ANYONE who is a serious trader, at least ONCE, needs to sit down with a tax-savvy CPA, even on the Internet, to set themselves set up, organized, and legally "vetted." If USA/Canada, you need to ensure you are set up OK on the fed and state level, with proper designation for your methods & instruments, ready to do proper record/book keeping, tax-deferred accounts, whatever.
Are those anonymous people going to show up if you get audited because you were improper? "Gee, I thought I saved myself $250..." Do you want to have to go back over years of accounting and other things to untie yourself if not done properly? Are you going to sift through the free advice, and take that from people who sound "smarter" when you yourself may not know much about the problem?
