It depends. You will get a K-1 for the prop stuff from Jan through March 2008. You traded as retail from April through December 2008 and I...
Just be careful of the wash sale rule. It may result in larger tax liability than you thought.
Actually, it sounds like the client wants 100% of his initial capital back in one year and then the client will only have the accumulated profits...
I think Madoff is still accepting new clients. Don't go to his office, just put the money in an envelope and slip it under the door of his New...
That is so true. In order to close the budget gap, they want to raise sales taxes, income taxes, personal property taxes (on cars and boats),...
A local congressman was actually thinking along these lines. He was mad at all the banks getting billions, so he came up with an idea. Take...
You are so right, but I must say that Mu, Elo, Mup and the rest of the gang do a great job with the wave counts!:)
MER was acquired by BAC. WB was acquired by WFC.
I think an Obama victory is already priced in. An Israel bombing Iran scenario after the Obama victory and before Bush leaves office is not...
These folks need to go to debtors prison. Nothing fancy, just an electrified fence out in the desert and a guard tower. Throw them in there...
Fast forward to January 2009. You will get a 1099 for all your personal retail trading from January 2008 through June 2008. You will get a...
YHOO is damaged goods. With Yang & friends still around, they would damage it even more if someone tried to acquire it. YHOO is dead money for...
I have friends who swear by tidal wave action of the ocean and astrology for stock timing/trading. Use whatever method brings you $$$.
Your friend needs to better manage his portfolio risk or the broker/clearing firm will do it for you. So, in answer to your question: yes, no
The casino, Ooops! I meant to say stock market will be open on Monday. The bond market and banks will be closed on Monday...:D
My guess it would have to be capital injection through the issuance new preferred or common stock. That would be dilutive to existing...
When I started, I was like everyone else, the more leverage the better. Over time my portfolio has grown and then some. I don't have the need...
Cash only for me. Have not used margin in over 10 years...
It gets your foot in the door. After that, it's all up to you. Over the years, I have seen both sides: Someone comes in, well focused,...
42 and retired... Daytrade and play golf to keep the brain active and functioning...
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