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Another great book I recommend every one read. Talks a lot about money(new & old), success, the effects it has on future generations, and much more. There are also a lot of interesting stats about high income earners and how multi millionaire/billionaire investors avoid and minimize taxes. It also explains how when people say “tax the richch” all that really happens is the high income earner(middle class) gets the tax and not the rich because of how they handle their money and investments.
The reason large investors take large multi year positions(sometimes they never sell) is because as long as the gain is unrealized you are not taxed on it. A good example of this is Elon Musk. (Lets pretend) He only worked for TSLA. His Salary is 70,000 a year. This is what he pays taxes on. Meanwhile his net worth is over a billion dollars because of his open positions in TSLA via the shares he owns. So (pretending this was his only business/only source of income) he is only paying taxes on less than 1% of what he acquired in networth since TSLA exploded last year(this is because his positions are not realized yet). This is why taxing the rich does not really tax the rich and only taxes the high income earner which makes up the middle class. And he only will realize whatever he needs to spend so he only has to pay taxes on the money he uses. This is also why Senior Management employees often have small salaries as well so their peers don’t think he is over paid(when really all/most of their income and net worth comes from the % of the company they own).
Sorry post is a little off topic. it is still very interesting stuff I think every one should look into.
http://davidbeitler.com/temp/The%20Millionaire%20Next%20Door%20%5BBook%5D-MANTESH.PDF.pdf
-Life’s Good & Why Wouldn’t It Be? I’m a Pirate After All!
“The reason large investors take large multi year positions(sometimes they never sell) is because” is also because those are market makers. so the position they take is where the market goes ;)
eg:
http://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.aspand yes some smarts dont go offshore and delay the tax by floatings. this was a topic at bloomberg some time ago
and yes some smarts dont go offshore and delay the tax by floatings. this was a topic at bloomberg some time ago
I wonder what happened to mam.trader..
Looks like he deleted his account. I didn’t even know in WordPress that you could delete your own account. Really strange..Focus, Patience, Determination & Order in chaos
<div class=”d4p-bbt-quote-title”>Anonymous wrote:</div>
and yes some smarts dont go offshore and delay the tax by floatings. this was a topic at bloomberg some time agoI wonder what happened to mam.trader..
Looks like he deleted his account. I didn’t even know in WordPress that you could delete your own account. Really strange..Hmm just noticed this. I am not too worried about it as he always comments with a hint superiority. I am not sure he knew exactly what I was talking about based on his last response. I was not talking about market makers at all, or knowing where the price is going, or how to trade it, etc. I was just talking about the benefits of long term investing/investing with large amounts of money from a tax perspective. and the last time I had contact with him before this he assumed I was fooling myself(what a clever way to call some me stupid lol).
-Life’s Good & Why Wouldn’t It Be? I’m a Pirate After All!“The interactions between people are very similar to the interactions between neurons.” – Athene
Anyone else see fibo retracements, places to put Andrews pitchforks and trend lines etc in this EEG? Esp the red one?
Can we gain any advantage from knowing that the market has brainwaves?
Hmm just noticed this. I am not too worried about it as he always comments with a hint superiority. I am not sure he knew exactly what I was talking about based on his last response. I was not talking about market makers at all, or knowing where the price is going, or how to trade it, etc. I was just talking about the benefits of long term investing/investing with large amounts of money from a tax perspective. and the last time I had contact with him before this he assumed I was fooling myself(what a clever way to call some me stupid lol).
Yea, I get what you are talking about. I’m thinking maybe he took certain things too personally or too direct.
What left me puzzled is how he managed to delete his own account. Do you see an option to delete yourself? I’m not sure if its possible. So I’m a bit worried how this was possible.yea I completely got the tax thing. I actually never thought about it so thank you for posting about it, didn’t know. Makes perfect sense!
It’s like the media focus on Steve Jobs getting paid $1/year not the billions he made with his stock options.. hahaFocus, Patience, Determination & Order in chaos
“The interactions between people are very similar to the interactions between neurons.” – Athene
Anyone else see fibo retracements, places to put Andrews pitchforks and trend lines etc in this EEG? Esp the red one?
Can we gain any advantage from knowing that the market has brainwaves?
Sounds very interesting. After all the markets are run by human brains.. haha
Or is it just making patterns out of noise? Because we define whats a top and whats a bottom.. No idea really. With TZ theory I’m assuming that the market is a stochastic random process with no memory. But that doesn’t mean it might not fit into a better model.Have you guys heard of Martin Armstrong. He has done some work with market cycles using pi. Where societies and markets and economies go through these cycles and at certain point, many cycles converging together lifting the price up or down really fast. Pretty interesting stuff.. just haven’t had to time to look too much into it.
Focus, Patience, Determination & Order in chaos
Thank you. Yea another user pointed out as well. I think it must have come in with an update because I don’t remember seeing that hehe
Focus, Patience, Determination & Order in chaos
Found the pdf, “As a man thinketh” by James Allen. As attached. Pls enjoy, short read.
I only know I know nothing
Skype: learnalways@outlook.com<div class=”d4p-bbt-quote-title”>KENERGY wrote:</div>
“The interactions between people are very similar to the interactions between neurons.” – AtheneAnyone else see fibo retracements, places to put Andrews pitchforks and trend lines etc in this EEG? Esp the red one?
Can we gain any advantage from knowing that the market has brainwaves?
Sounds very interesting. After all the markets are run by human brains.. haha
Or is it just making patterns out of noise? Because we define whats a top and whats a bottom.. No idea really. With TZ theory I’m assuming that the market is a stochastic random process with no memory. But that doesn’t mean it might not fit into a better model.Have you guys heard of Martin Armstrong. He has done some work with market cycles using pi. Where societies and markets and economies go through these cycles and at certain point, many cycles converging together lifting the price up or down really fast. Pretty interesting stuff.. just haven’t had to time to look too much into it.
I have been studying market pricing formula’s for options, stocks, forex & commodities and the reason our TZ theory works(Markov Chain – which is a type of stochastic process) is because every single pricing formula for anything we are trading on a chart, is itself a stochastics process, or the formula used to create the price is the result of solving a stochastics process. My last post on buried treasure before I got banned from FF was when i posted about this and posted the stochastics problem that when solved created the formula used to price currency pairs. I am still extremely new and by no means have a strong understanding on how exactly these pricing models work but from what I understand this is exactly why TZ theory works the way it does. Because we are fighting fire with fire. In other words, what makes the market(price) seem so unpredictable and random is the stochastic process used to calculate the price, and remember with everything its greatest strength is its greatest weakness.
Here is a lecture I found online in regards to forex currency pricing that I found very interesting to read.
http://galton.uchicago.edu/~lalley/Courses/390/Lecture9.pdf
-Life’s Good & Why Wouldn’t It Be? I’m a Pirate After All!Another great lecture by Alan Watts
https://www.youtube.com/watch?v=ssDY74nLuLg
-Life’s Good & Why Wouldn’t It Be? I’m a Pirate After All!I have been studying market pricing formula’s for options, stocks, forex & commodities and the reason our TZ theory works(Markov Chain – which is a type of stochastic process) is because every single pricing formula for anything we are trading on a chart, is itself a stochastics process, or the formula used to create the price is the result of solving a stochastics process. My last post on buried treasure before I got banned from FF was when i posted about this and posted the stochastics problem that when solved created the formula used to price currency pairs. I am still extremely new and by no means have a strong understanding on how exactly these pricing models work but from what I understand this is exactly why TZ theory works the way it does. Because we are fighting fire with fire. In other words, what makes the market(price) seem so unpredictable and random is the stochastic process used to calculate the price, and remember with everything its greatest strength is its greatest weakness. Here is a lecture I found online in regards to forex currency pricing that I found very interesting to read. http://galton.uchicago.edu/~lalley/Courses/390/Lecture9.pdf
Completely agree with you there! And an excellent video on Money. Finished listening to it just now
Focus, Patience, Determination & Order in chaos
Not so much about you psyche but still a great lecture. Disclaimer: it is a little lengthy but its really good.
-Life’s Good & Why Wouldn’t It Be? I’m a Pirate After All!Many of you are looking back in anger to those times TZ and stuff had been discussed at FF, before many of you have been thrown out of FF. I can fully understand the anger, maybe even bitterness. Everybody who is in a comparable situation should be aware of the fact that we have to channelize feelings of that kind into something positive, else this kind of energy will be counterproductive to ourselves. This does not mean to forget everything. It’s about finding clarity.
EDIT: and to make a clear statement – it’s absolutely NOT about stopping to warn other traders about what’s going on at FF.
I stumbled over the following short video some time ago. For me this guy is just breathtaking. Listen until he ends. He deserves it.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
Not so much about you psyche but still a great lecture. Disclaimer: it is a little lengthy but its really good.
Yea, this is one awesome video! Recommend anybody to watch it as well!
Focus, Patience, Determination & Order in chaos
Some wise words from Bruce Lee that should be applied to how we handle/act with the market… Be Like Water My Friends!
-Life’s Good & Why Wouldn’t It Be? I’m a Pirate After All!Two Great Books by Malcom Gladwell I recommend. Blink – another good reach about how our subconscious mind has a much greater affect on our life than most people think. The Tipping Point – This one is about all the little things that lead up to whats known as the tipping point in someones life, or career or whatever. Very interesting stuff about what makes us who we are and what we end up doing.
I’ve already finished The Tipping Point, now reading Blink. Both recommended very interesting books…
Thanks PiratePip.
Nothing has ever motivated me more than this...
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