tax deduction

Synopsis of the book Innovative Portfolio Management. Davida Swenson

  Let's continue to get acquainted with the legends of Yale University, and concurrently with the legends of the economic/investment world. Synopsis of the book Innovative Portfolio Management. David Swenson. After Bob Schiller, let's move on to his guest during the recording of the series of lectures on finance – David Swensen.  

The horrors of Libyan totalitarianism

Originally posted by [info]lex_kravetski at The horrors of Libyan totalitarianism

* GDP per capita - 14 192 $.

* For each family member, the state pays a year 1000 $ subsidies.

* Unemployment benefits - 730 $.

* Nurse salary - 1 000 $.

* For each newborn is paid 7 000 $.

* Newlyweds are given 64 000 $ to buy an apartment.

* For opening a personal business, one-time financial assistance - 20 000 $.

* Large taxes and levies are prohibited.

* Education and medicine are free.

* Education and internship abroad - at the expense of the state.

* A chain of stores for large families with symbolic prices for basic food products.

* For the sale of products with an expired shelf life - heavy fines and detention by special police units.

* Part of pharmacies - with free dispensing of drugs.

* For counterfeiting drugs - the death penalty.

* Rent - absent.

* There is no electricity payment for the population.

* Sale and consumption of alcohol is prohibited - "dry law".

* Loans for the purchase of a car and an apartment - interest-free.

* Real estate services are prohibited.

* Buying a car before 50% paid by the state, to the fighters of the people's militia - 65%.

* Gasoline is cheaper than water. 1 liter of gasoline - 0,14 $.

(a source)

I checked for three days. Checked. Everything is just like that. If someone double-checks and clarifies, I will be happy. The only amendment (specified by Ali, which I was talking about): 730 $ not unemployment benefit, and something like a welfare for those, whoever work, nor study in principle (or at the behest of the family) does not want. There is no unemployment as such. Well, certainly, should be taken into account, that all this is due to oil. Port dues and other non-oil revenues are not subject to sharing. Also keep in mind, that migrant workers, many, because Libyans disdain many activities, get much less (from 250 to 500 $ per month), but government hostels and medical services, in addition to neurosurgery and dentistry, they are also free of charge, but there is no private hire.

(a source)

How, under such inhuman conditions of life, one cannot overthrow a tyrant? Libyan people came out in a united impulse to fight for Freedom and Western Values. And only lying soviet provocateurs doubted this.

And wished NATO to help civilian Libyan citizens to live with dignity. Real, to , proven democrats ruled the country, not totalitarian people's choices. And it has come that a reliable Capitalist Economy, not a humiliating barracks with free housing and education. And there was a Market: with interest on loans, derivatives and the entire Civilized World accepted wages for non-European countries of the population - thirty dollars a month. It is not good for savages to equate themselves with Whites!

May the execution for drug counterfeiting be abolished. Let the sticks not be put in the wheels of entrepreneurship. Yes, the buyer will vote with a dinar, and yes the Invisible Hand of the Market will fix everything by itself. And may the Banker come, Realtor and Dealer, and may they establish the Righteous System.

There was no life worthy for the most worthy of citizens. And the people could not stand. And rose to fight the tyrant. And the Good Hawks flew from their nests in Paris and Washington. And inflicted Vivifying Humanitarian Strikes on the hotbeds of totalitarianism. And their Judgments are free from the sequence. And the inexhaustible Nobility of their Flexible Thoughts. And will fall under his pressure Chavez, Kim Jong Il, Castro and Lukashenko. And the Kingdom of Decent Life for the Worthy and Market Liberalism for all others will shine over the world.

Jedi are not fighting for oil, but for Freedom from tyranny!

Where to learn to trade CME futures?

http://jc-trader.livejournal.com/168092.html?thread=2083740#t2083740

in order of diversification I want to master trading commodity futures on CME.
The systems I use are mostly trendy, therefore, and trade better trending instruments (well, his, This heavy SP500. Least, on a very, very good look).
Well, now the actual question, more precisely a series of questions:
Where you can read about all this more or less systematically?

http://futures4all.com/

Choosing a broker, minimum depot amount for different brokers, broker's commission, exchange commission, lot size (mini-lot) , Language of communication

http://finviz.com/store/futures-brokers.ashx
Language of communication everywhere English. An exception — MirusFutures (in Russian)

Choosing a Data Provider?
The cost of real-time flow of data quotes, differences in flows from different providers, difficulties in this matter, who met in real life.

http://finviz.com/store/market-data-providers.ashx

Choosing a trading system, monthly fee for the trading system, technical support, Language of communication

If you mean the trading system, not a platform, then that's exactly what it is. 99% what it takes to make money. There is of course, systems on sale, for example on ebay.com, nose 99,999% the probability will be a non-earning system, and simply created and optimized for sale. Usually, the system is developed in-house on the basis of the acquired experience of trading on exchanges and non-exchange markets.

Procedure for opening an account with a broker, procedure for concluding a contract with the data provider, procedure of institution of money to the account, procedure for withdrawing money from the exchange (from a broker?),

The procedure is simple — for the selected broker, press the button `` open an account" and then fill in all that, what will be proposed. Same with data providers. Money can be transferred to the account only from your account in any bank or from an American broker. Withdrawal is also only on your own account. Instructions should be viewed from a specific broker.

to the accounts of which banks the withdrawal can be made, speed of input/crediting/withdrawal/taxation for citizens of the Russian Federation and at what point it arises.

To your accounts of any banks. Usually for 1-3 of the day. Calculate and pay taxes yourself at your place of residence after a year. Americans only take taxes on dividends, but since you will trade futures, then dividends do not threaten you.

Purchase and cost of historical data (ideally, tick data for 5 of recent years), from whom the purchase is made, wholesale/retail by tools, are there any differences in the price for the purchase of tick data/1min/5/min, etc., free data sources (can be found in the network and somewhere laid free 5-min?)

Intraday, and especially tics for free can hardly be found. Tiki for 5 years is unrealistic or will cost VERY expensive.
Days (Gluing) online can be found for free, for example, on tradingblox.com

Subtleties: «came to the conclusion that it is necessary to trade under the glued contract, therefore, the transition schedule is now hanging and warnings are no longer required.» The mentioned gluing is made by the exchange / broker / with his own hands?

Or with your own hands, or there is such a service with some data providers.

Deleveridge – what it is ? differences from Leverage

Bank Losses Lead to Drop in Credit Card Debt

Deleveraging is often presented as a loan repayment at the expense of consumption. When current numbers contradict this view, it is concluded that, that there is no reduction in the debt burden, which means, and don't scare us here with your balance sheet recession.

The friend already had thoughts about this.. Briefly, then the total amount of the loan is reduced due to write-offs.
Well, in general, Yes. How it should be different? The consumer balance is cleared in two ways:
“Is there truly deleveraging or are charge-offs removing a lot of balances?”
and so and so. there is not much difference at the macro level.

“MS on US default”

IMHO, люди completely miss the point.

Ask Not Whether Governments Will Default, but How.
The sovereign debt crisis is not European: it is global.
And it is not over.

The idea is, that we have a global fiscal crisis.
Global crisis welfare state.

And everyone understands perfectly well that:
* commitments will reduce
* taxes will increase

best case scenario:
* change the system (how?)
* well, or demographics will improve (how?)

debt / GDP is watched precisely because, what is the state's income, this is a function of GDP and this is solvency.
service / income – it's liquidity. and temporary structure of debt.

everyone understands, that in the long term developed states are insolvent (in current conditions).
everyone understands, that in the short / medium term, developed states do not have problems with liquidity.
what are we talking about then? right, about the market. and the market deeply cares what you have with solvency / liquidity.
market, he either panics, either rejoices, or he doesn't care. and it is weakly dependent on indicators.

three bond videos

surely many people know, that in May the issuance of debt obligations with fixed income was perhaps not very impressive. markets are closed, no demand, our suggestions, as a result – no activity. the dynamics of the release of obligations is in this short overview video.

but in the USA, due to the decline in Treasury rates, large companies can afford to borrow long-term money at record low interest rates.

Yes, and a lot has been written about that, how the markets consider the debt of the same McDonald's to be more reliable than the US debt. moot point, but not so common, to draw conclusions. but in Europe it turned out a little more funny due to the massive nature of the phenomenon. at the end of the video, the most common logic is described. it is now that some companies seem to be more reliable due to more stable cash flow. but if problems start, funding will close for everyone, but only the government can raise taxes, print money and in, Eventually, only he has an army:).


By the way, remember the situation with GE. according to Paulson and Lowenstein (it might have seemed about the second), then at GE they just yelled at 2008 about that, that they have no access to funds, because comicshall pipers froze, and as they asked (OK, insisted) do something to help them, bypassing that, that they are not a finance company.

and since such a dance,
separation of proprietary and banking business gives nothing to anyone, for the 'real economy" which everyone cries about (especially with us)), financed on the market, not in the bank. maybe the situation will change in part, but what money market funds, what commercial IOU, all this will remain.

Ренд.. и снова Ренд..

You have to love the work itself, not minor consequences! This is one of the main theses of the book., на котором держится весь смысл.И об этом я говор

Press conference

Here, it turns out they write to me in private messages, and also some emails got into email somehow, I didn't even notice, as I rarely check. Therefore, I will try to answer some questions here., especially since many questions are repeated.

what literature on the topic was studied and what from read, in your opinion, deserves special attention;

I read a lot of literature, especially in the beginning — almost everything that came across, some literature, Really, diagonally or just flipped. But one of the first from which I learned what markets are like and how it all happens — Parshikov and Tvardovsky & quot; Secrets of stock trading" — just got caught one of the first, quite informative and to the point. Think, for beginners, all the books that describe the initial information deserve attention. But the books, where the guaranteed income is declared after reading, I think, can harm and create false illusions for beginners.

I dug a small system (true in Ami but the code is flawlessly simple), wrote under the Russian futures, but it would be interesting to see the results on the bourgeois futures. Could you, if there is time and desire of course, look at this case, how would it work there

Not, I didn't manage to make friends with Amibroker, that's why I already forgot how to do what there. And I never knew the syntax of the language, therefore I will hardly help in this matter. Try to ask on the spider — there a whole section is reserved for the Amibroker.

Are you related to the broker JCTradinggroup?

Not, никакого. I was surprised at this coincidence when they appeared here.. Сначала думал, maybe joking. But no.. :)

– did they trade on the Russian FR (MICEX, FORTS),And, if not, then why;

Yes, certainly. I started with forex and a month later I went to Guta-bank (now VTB-24) draw up documents for opening an account on the Russian stock exchanges. But since I was a non-resident, then quite high taxes were — 33%. I also did not like that every month I had to carry a signed piece of paper confirming transactions to the bank. As soon as you don't bring a piece of paper — chopping off trade and portfolio. I got tired of it quickly and became a long-term investor, who I still am. :)

– where did you start trading: selection of markets, tools, system, deposit amount;

I started with forex at the end 2004 of the year, then a month later the MICEX, and almost simultaneously opened the first account in the USA and gradually the focus shifted to American stocks. Initially had no idea about markets at all, did not know how a stock differs from a bond, but I'm very glad that there weren't even then seminars and videos for day traders, so I just didn't know about this trading style, а то бы, чувствую, I would lose a lot of money. Having opened an account in the USA, I began to search on the Internet for what kind of companies there are in the USA — I knew one — Microsoft and bought it right away. Then I found Bank of America — well I think, if the bank is cool — also bought. In general, I bought according to this principle. Kept losses and cut profits. It was lucky that it was not a bear market and ended the first year in positive territory, but this year has already more or less figured out with shares, but still did not understand what futures and options are. I studied everything that could be studied and tried to trade everything that could be traded and in the second year of trading I got a huge minus in grain futures, but forex and stocks gave a common plus. Then it so happened that I stumbled upon the right path that changed everything. — specialized programs for creating trading systems. From that moment on, a completely new stage began..

what is your algorithm for creating a trading system;

Differently every time, but more often by inspiration. Sometimes ideas come, when I read literature, forums. Sometimes you can just test other people's systems, since I have no illusions about my exclusivity and I am sure that there are systems better than mine, why not use. I just bought systems a couple of times, which seemed to me worthy of attention. So there is no algorithm — by inspiration :)

at the moment you have some kind of off-line employment, well, let's say a company on those or other shares?where do you go to work for a salary??well, or completely and completely went into trading?

Not, there is no other employment for a long time, for years 6. That is, I am fully engaged only in speculation on stock exchanges.. True, in the summer, roller skates take a lot of time when the weather is good.

in general, if not a secret, give yourself some help about how you came into this business?In principle, you are already normal, you could have found the 90s in their most interesting climax))

Yes, 90-e years I found. Then he lived in Lithuania. Just in 91, he quit his job in his specialty after college and went to trade, first changed the currency, then various little things. When did the internet appear (approximately at 97 year), began to earn there with affiliate programs — first for clicks on banners, then with a percentage of sales on American sites. Littered the whole Internet with commercial sites in English, every day I sculpted a few pieces on free servers, then I began to buy my domains too — for many queries in search engines, sites appeared on the first pages, which brought a lot of traffic for several years. Then something changed and the search engines banned the sites, considering it spam or just their algorithm has changed, but by this time I had already moved on to speculate on the stock exchanges. That's how it came :)

here you go, the main questions were. If you haven't answered anyone, write to blog, otherwise I may not even notice in the mail among the daily spam.

Robert T Kiosaki

Robert T Kiosaki (English. Robert Toru Kiyosaki/Yap., genus. 8 April 1947 of the year) - American entrepreneur, investor, writer and teacher. Known as the author of Rich Dad, Poor Dad ", Cash Flow Quadrant, "Rich Dad's Guide to Investing", New York Times bestsellers, Business Week and the Wall Street Journal. Also created an educational board game "Cash Flow 101", whose purpose is to help people learn financial strategies. In partnership with Sharon L. Lecturer, who helped him write books, founded the Rich Dad`s Organization, dedicated to improving the financial literacy of people. Robert Kiyosaki comes from a family of educators. His father was the Minister of Education for the State of Hawaii (USA). Kiyosaki is the fourth generation of Japanese, migrated to America. After high school, Robert was educated in New York. Upon graduation, he joined the US Marine Corps and went to serve in the US Navy in Vietnam as an officer and pilot of an attack helicopter..

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