7,322 reputation
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location Sydney, Australia
age
visits member for 2 years, 7 months
seen 4 hours ago

12h
comment Credit Cards and Home Loans
It is usually difficult to know why you have been knocked back without knowing more personal information - like the amount you are looking to borrow, the price of the property you are looking to buy, your total income and total expenses. In general, if your situation is tight, having multiple credit cards would be worse than having just one credit card. The limits on the cards will depend on your income, expenses and the amount you are looking to borrow. You may have to look at borrowing a smaller amount.
12h
comment How do top investors pull out 20% ROI?
I know CFDs are still banned in the US, however they can be used in many other countries including Australia, the UK, many parts of Asia, and we can use them to buy US securities as well. Many products are now available today that were not available just a few years ago - so the gap between your "upperclass" and "underclass" is closing with the growth of new products and new technologies.
19h
comment How do top investors pull out 20% ROI?
I can buy shares on as little as 5% margin - using CFDs. These days many new markets and tools are opening up to the general investor/trader that once used to be available to professionals only.
1d
comment Using Fibonacci Extensions to set profit targets?
I think you need to also consider the psychology of the market. If, as starred mentions, many traders are using fibs, and a fib level coincides with a support or resistance level, a moving average, or other technical indicators, this may increase the potential of a reversal occurring near this level. After all, markets are not efficient, as some people may think.
Aug
29
reviewed Leave Closed Effect of increasing house prices on my economic situation?
Aug
29
reviewed Close How safe are withdrawals made using checking account number and routing number? [USA]
Aug
29
reviewed Close How to find information about ethical banking?
Aug
29
comment What's the best time to start holiday shopping this year?
26th December 2013!
Aug
28
asked Using Fibonacci Extensions to set profit targets?
Aug
26
comment Why isn't money spent on necessities deductible from your taxes?
@keshlam - the original tax laws are first passed, then through the years they are tinkered with by various social and other policies, including the attempt to close various loopholes. In the end it all becomes too lengthy and complicated and a total overhaul is usually required. I never said tax law is simple, but I have a good understanding of why deductions are allowed, whether appropriately or due to some social policy - and I probably know more about the US Tax system than you do (from your answer and comments) and I am not even from the USA - thank God!
Aug
26
comment Will the market price be definitely lower than 'after hours' number?
$18.76 is an indication of what it will open at the next day but that may change with pre-open trading the next day.
Aug
25
comment Why isn't money spent on necessities deductible from your taxes?
@keshlam - of course Business expenses are deductible as they should be - business expenses are used to derive income/profits. As I said, social policy can interfere with standard tax policy, promoting some investments over others and allowing tax deductions where normally they usually wouldn't be allowed.
Aug
25
comment Why isn't money spent on necessities deductible from your taxes?
@CarlosBribiescas - NO, rent will never be tax deductible in the future (unless the place you rent is the place you do your work from as explained in my answer), because there would never be a social policy promoting people to rent their place of residence rather than owning it. BTW - we don't even know which country you are from - as tax policies can be different in different countries.
Aug
25
comment Why isn't money spent on necessities deductible from your taxes?
@CarlosBribiescas - your apartment is not used to derive income unless you do your work there. Since you do not do work in your apartment but instead go somewhere else to do your work then you cannot claim your rent as a deduction. You live in your apartment but you don't work there. You work to survive and live - you don't live to work, so in general, your living expenses cannot be claimed as deductions.
Aug
24
comment Why isn't money spent on necessities deductible from your taxes?
Most Tax laws in my country make plenty of sense to me. They are quite logic, and deductions are usually available where the expense has occurred to derive income, except for when social policy allows deductions where they usually wouldn't be allowed.
Aug
24
reviewed Approve suggested edit on Long term capital gains
Aug
23
comment Why isn't money spent on necessities deductible from your taxes?
@JohnFx - that is why I mentioned that sometimes social policy gets in the way to allow for deductions where they usually wouldn't be allowed.
Aug
23
answered Why isn't money spent on necessities deductible from your taxes?
Aug
23
answered What's the difference between Buy and Sell price on the stock exchange
Aug
22
comment Investing in low cost index fund — does the timing matter?
@KalebBrasee - I didn't have data going back to 1980 but compared between 1988 to 2000 - the results were more comparable with DCA returning 140% and Timing the Markets 172%. However, the real power of timing the markets really comes in by avoiding and being out of the market during steep downtrends similar to those that commenced in mid-2000 and late-2007. And if you really want to boost your profits during these big bear markets instead of just cashing out you can also go short or buy into a bear ETF.