BFI August [censored] Thread

[ChipWrecked]

[ QUOTE ]
can someone please recommend me a good bedtime reading book.

something finance based but not as in a learning book, more of an interesting read about the finance industry/particular person in the finance world.

many thanks.


[/ QUOTE ]

The Plungers and the Peacocks - 170 Years of Wall Street

[ahnuld]

SUPER NEWB QUESTION

If I want to buy something like VWESX (vanguard fixed income) can I do that over something like etrade or do I need to open a vanguard account?

[SlowHabit]

[ QUOTE ]
SUPER NEWB QUESTION

If I want to buy something like VWESX (vanguard fixed income) can I do that over something like etrade or do I need to open a vanguard account?

[/ QUOTE ]
You can only purchase Vanguard index funds if you have a Vanguard account. However, the way around it is to buy the ETFs version of the Vanguard index funds.

[Jeff W]

[ QUOTE ]
SUPER NEWB QUESTION

If I want to buy something like VWESX (vanguard fixed income) can I do that over something like etrade or do I need to open a vanguard account?

[/ QUOTE ]

You can buy VWESX at E*Trade, but they charge you a transaction fee.

[CrushinFelt]

wooooooooooooo baby, going to be a goooood day today, already busy as sin and the market hasn't opened

[john kane]

ftse100 down 3.4% at the moment. thank [censored] i've got $80k in savings account and only investment in the markets is a $10k in a tax free emerging markets fund.

thanks also for the book recommendations, ill check them out on amazon. i generally prefer books which involve someone having a financial disaster, i prefer books where people take huge gambles and lose rather than win, any books like that out there?

[SlowHabit]

[ QUOTE ]
ftse100 down 3.4% at the moment. thank [censored] i've got $80k in savings account and only investment in the markets is a $10k in a tax free emerging markets fund.

thanks also for the book recommendations, ill check them out on amazon. i generally prefer books which involve someone having a financial disaster, i prefer books where people take huge gambles and lose rather than win, any books like that out there?

[/ QUOTE ]
When Genius Failed.

Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World.

[sebbb]

can someone explain to me why short term traders pay more taxes than buy and hold traders?

[CrushinFelt]

You don't realize what would make taxes different for the two groups?

[Lunger]

[ QUOTE ]
can someone explain to me why short term traders pay more taxes than buy and hold traders?

[/ QUOTE ]

For U.S. investors, realized gains on assests held for at least one year are taxed as long-term capital gains tax. This is currently capped at 15%. Gains on assets held for less than one year are taxed as ordinary income tax which may or may not be higher than 15% depending on your specific tax situation.