This Proposal Could End Active Trading
#21
Posted 14 January 2009 - 10:45 PM
#22
Posted 14 January 2009 - 10:49 PM
#23
Posted 14 January 2009 - 10:57 PM
Edited by vitaminm, 14 January 2009 - 10:59 PM.
#24
Posted 14 January 2009 - 10:58 PM
Edited by entropy, 14 January 2009 - 11:03 PM.
#25
Posted 14 January 2009 - 11:02 PM
Edited by Rogerdodger, 14 January 2009 - 11:12 PM.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#26
Posted 14 January 2009 - 11:12 PM
For those that remain in equities, they will use much greater leverage, and a ton of ETF's of 10X or 100X indexes will emerge - so my 1K day trade, will be like 10K or 100K,
but it will avoid the tax, we already have these funds emerging with high leverage now.
Mark.
My guess is ETFs would not avoid the tax, if that's what you're saying. My understanding is that they would tax options, futures etc. Though they didn't specifically mention ETFs, why not?
IT
#27
Posted 14 January 2009 - 11:16 PM
It is the Change You can Believe!
Edited by pdx5, 14 January 2009 - 11:17 PM.
#28
Posted 14 January 2009 - 11:25 PM
johngeorge
#29
Posted 14 January 2009 - 11:31 PM
For those that remain in equities, they will use much greater leverage, and a ton of ETF's of 10X or 100X indexes will emerge - so my 1K day trade, will be like 10K or 100K,
but it will avoid the tax, we already have these funds emerging with high leverage now.
Mark.
My guess is ETFs would not avoid the tax, if that's what you're saying. My understanding is that they would tax options, futures etc. Though they didn't specifically mention ETFs, why not?
IT
Oh no doubt IT, i'm sure it will include ETF's...but if its levied against the $ amount being bought/sold, then i'm going to put my 10K trade into a high beta ETF like oil, or like
emerging markets, or 2X leverage tracking ultra profunds etc
best,
Mark.
#30
Posted 14 January 2009 - 11:32 PM
Using IB, it costs me over $15k per year
15k/5=3000 trades/yr /52 wk=57 trades/wk !!
based on trades/time what's annual return?
In bull market, I trade only breakout stocks. Annual returns vary sometimes over 100%, sometimes less than 50%, but always positive. In bear market, I trade less and mostly on ETFs and the return is a lot lower. Only single digit last year.