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It seems the person wants to "invest-trade". Stocks which are "generally"
held for > 1 year hardly qualifies as "trading", IMHO. So, using stocks
would mean 100% short term cap gains tax. Use SSF and flip them after 5
minutes and profits are 60% LT & 40% ST (or is it the other way around).
Doesn't get any better than that.
----- Original Message -----
From: <Sigstroker@xxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Wednesday, February 25, 2004 8:39 PM
Subject: Re: investing-trading
> Except you have to pay short-term capital gains tax. That can add up to a
> huge difference.
>
> In a message dated 2/21/04 2:16:27 PM Pacific Standard Time,
> omegalist@xxxxxxxxxx writes:
>
> > With a somewhat longer term horizon, I would use SSF & avoid stocks as
much
> > as possible. Provided your friend is comfortable with money & risk
> > management, and always has stops, SSF is a vast improvement. No margin
> > interest to worry about, higher leverage.. only downside is a spread of
> > about 3 - 10 cents, which makes it tough to daytrade for smaller
profit,
> but
> > that's not an issue here. IB (interactivebrokers.com) would let you do
per
> > side for $1. Most big name stocks has futures trading on them in nqlx &
> > onechicago.
> >
>
>
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