[BAC A Warrant holders]

I called Wells Fargo (Wells Trade) to see what the cost would be to exercise the warrants.

 

They told me Bank of America is offering $13.14 per share (which would be the new cost basis).

 

If the current shares are $26.78, and the warrant's exercise price is $12.807, the difference would be $13.97.

 

Does that mean I'm paying $13.97 - $13.14 = $0.83 per share to defer my taxes?  That seems really high. 

 

If the current warrant prices are $14.55 + $12.807 (exercise price) = $27.357 - $26.78 = $.577 difference.

 

Please let me know if these calculations are correct.  Thank you.

[CFA later in life? Anyone do it and how did it work out for you?]

I passed the exams in 2008.  I don't think it would help much with the career as well, but does provide a good overview.

[Off topic: meditation]

Check out my big toe by Tom Campbell.  He got started in TM and has his book on Google books for free.  You can listen to him on YouTube as well. 

[Off topic: meditation]

I go to the hazy moon zen center in los angeles.  It's great and I'm lucky to have found such a great teacher.  Meditation practice helps all aspects of one's life.  Keep at it.

[Annual expenditure poll]

Ere is a good book.  I recommend it.  It reads more like a textbook, but it has good info.

 

Hey shalab,

 

I voted for the first one. My expenses are super low. Have you read early retirement extreme the book? I tried ordering it from the library but they couldn't get it in. :(

was wondering if it was worth buying.

[Which stock broker do you use?]

I use wellstrade for 100 free trades a year.