Enron

Tickle Me
Moderator
Oct 11, 2005
75,665
Why do you have to do taxes? Are you making that much money that you have to declare them? (That's how it goes here no idea how it is over there)
Everyone who makes money declares. Or should declare. Especially since you can get a refund if you don't make a certain amount.
 

Dragon

Senior Member
Apr 24, 2003
27,407
Everyone who makes money declares. Or should declare. Especially since you can get a refund if you don't make a certain amount.
Ohh! Here you declare only if you make over about 16K usd a year
And sometimes people get away without declaring anything like it would be expected in a country like this:D
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,170
I've got a mutual fund my parents set up for me when I was a wee little boy, and while I was still in college they wouldn't let me transfer those funds into my own account. Now that I'm out of college my father not only says I can, but actually encourages me to take on that capital and put it into my own trading account. I didn't even have to ask.

:disagree:

Damnit. What the fuck difference does it make? I could have shorted the market into oblivion in 2008.

ROR = probably -10%.

Ugh.
 

Enron

Tickle Me
Moderator
Oct 11, 2005
75,665
I've got a mutual fund my parents set up for me when I was a wee little boy, and while I was still in college they wouldn't let me transfer those funds into my own account. Now that I'm out of college my father not only says I can, but actually encourages me to take on that capital and put it into my own trading account. I didn't even have to ask.

:disagree:

Damnit. What the fuck difference does it make? I could have shorted the market into oblivion in 2008.

ROR = probably -10%.

Ugh.
How long until the fund matures?
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,170
Cool, so you can just dip in whenever you like?
Basically, equity funds are pretty liquid as long as they are open-ended. There are index funds, sector funds, and growth funds. For instance, you can get a fund based on mid-cap or large-cap Russell index stocks, or SPX stocks in general. Or you can invest in commodity mutuals like the ones offered by Vanguard.

Lots of options out there. But right now I wouldn't put much into mutual funds because some have such a low beta (follow the market rate of return, whether it be an index fund or commodity fund), so you could end up far in the red after another deflationary collapse.

If you're putting money into a long equity fund right now, you'd be insane. We got bloodbaths coming our way.
 

Enron

Tickle Me
Moderator
Oct 11, 2005
75,665
I'm familiar with index and growth funds. Mutual funds are a good idea if your thinking 50 years down the road. But really no point in starting one right now. If you've got one that been growing for a while is it best to just leave it where it is or pull it out if you can?
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,170
By the way, whatever I say here should not be considered as investment advice. I am not a registered investment advisor.

Plus I don't know shit about the bond market. I wish I knew more, but the bond market requires tons and tons of experience and a lot of smarts, which I don't have. It is such a crucial market to world capitalism that I wish I knew more and could trade it.
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,170
I'm familiar with index and growth funds. Mutual funds are a good idea if your thinking 50 years down the road. But really no point in starting one right now. If you've got one that been growing for a while is it best to just leave it where it is or pull it out if you can?
Depends on the type of fund, when the fund was started, and how liquid you are as an individual.

Some of the stuff I'm looking at is not pretty. Whether it be technical analysis as in Elliott Wave Theory or cycle analysis, or fundamental analysis of our own economy, the stock market is insanely over-valued. We could seriously drop back to the March 09 lows rather quickly if the EU collapses. Then add in commercial real estate, more general real estate, the gulf disaster, and the fact that US debt to GDP ratios are at historic levels, another deflationary collapse is 99% certain. Probably has begun already looking at technicals.

If this is a 30-year thing, might be a good idea to hold if it is an equity fund. I think we see another major deflationary collapse for a couple years, then an inflationary debacle when the printing presses start.

Cool, ill pay you back in nyc in july at a location of my choice
No deal, that would be the worst investment I've ever made.
 

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