Berkeley CSUA MOTD:Entry 45844
Berkeley CSUA MOTD
 
WIKI | FAQ | Tech FAQ
http://csua.com/feed/
2025/05/23 [General] UID:1000 Activity:popular
5/23    

2007/2/28-3/3 [Finance/Investment] UID:45844 Activity:low
3/1     I lost some money in currency trading last year (about $1000).
        How do you exactly write it off for tax purposes?
        \_ Gambling loss. Did you have a receipt or any written documentation
           to back you up in case of an audit?
           \_ I have statements, and I have the statement that lists the
              initial deposit as well as the final withdraw amount
              (less). Is this sufficient? I thought this category is the
              same as stock-market loss instead of gambling loss? ok thx.
        \_ I think that would be a capitol loss and can only be used to offset
           capitol gains, but you can "save" it until you have some cap gains
           to offset.
2025/05/23 [General] UID:1000 Activity:popular
5/23    

You may also be interested in these entries...
2013/1/16-2/17 [Industry/Startup, Finance/Investment] UID:54582 Activity:nil
1/16    Fred Wilson says you should focus on the cash value of your
        options, not the percentages:
        http://www.avc.com/a_vc/2010/11/employee-equity-how-much.html
        \_ Or at least, so says a VC trying increase his profit margin...
        \_ A VC wants to keep as much of the stock for themselves (and give
           as little to employees as possible).  That maximizes their return.
	...
2011/6/27-7/30 [Finance/Investment] UID:54131 Activity:nil
6/27    What are your favorite metal trading platform? Is Kitco any good?
        I heard that Kitco doesn't report to IRS whereas Etrade
        automatically sends info to IRS. I'm wondering what I should use.
        \_ I trade tapes on Ebay.
        \_ I buy the physical stuff from a dealer in Chinatown who does not
           even take my name, just my money.
	...
2011/2/8-19 [Finance/Investment] UID:54032 Activity:nil
2/8     Hey, are Day and Week trader guys still around?  Just curious how it's
        going.  I was also thinking of doing some largely buy-and-hold
        investing, can anyone recommend an online broker?  I was thinking of
        Fidelity because I have a 401k there, but I don't need anything fancy.
        \_ market hasn't been volatile enough. I've made a few thousand
           this year but I really miss the Bush era.
	...
2010/8/12-9/7 [Finance/Investment] UID:53923 Activity:nil
8/12    Holy crap.  Feds will monitize the debt.  Say goodbye to the dollar.
        http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajcLVDMwN5To
        \_ http://en.wikipedia.org/wiki/Amero
           \_ Would Canada and Mexico want to devalue their currency by
              being associated with us?
        \_ "This has all happened before, and it will happen again."
	...
2010/4/20-5/10 [Finance/Investment] UID:53793 Activity:nil
4/19    I'm thinking of getting Roth IRA. Which company is good/pleasant to
        use? Etrade? Fidelity? Scottrade?
        \_ Buy Silver.  Gold is already overvalued.  We're going to hit
           hyperinflation the likes of which even God has never seen before.
        \_ Local credit union.
        \_ I recommend charlesSchwab
	...
2009/7/24-8/6 [Finance/Investment] UID:53197 Activity:nil
7/24    Stock trading question: If on Monday I sell FOO for $20000 and
        on Tue I buy BAR for $10000 with the "unsettled" money from
        the Monday FOO sale, the only complications are if I sell BAR
        before the FOO settlement on Wed/Thr, right? If I hold BAR
        until after the FOO settlement, then there is no issue on a cash
        account? Also, if I transfer in $10000 after the purchase on Tue,
	...
2009/5/26-6/1 [Finance/Investment] UID:53041 Activity:nil
5/26    I got multiple emails from multiple sources about the resurgence
        of the stock market. Case in point, Charles Schab: "Looking for
        Signs of Midyear Traction": A Town Hall Webcast with Liz Ann
        Sonders and special guests. Are we ready to get back into the game?
        \_ Nouriel Roubini sez:  Yer all fucked!  For years!
           http://tinyurl.com/o8nx7q (forbes)
	...