Gopinath

Hi, I have been thinking about entering CFA exams. Any pointers/suggestions/study materials to make higher understanding & confidence on the topics ? I assume few people have done this before in this board. Thanks, Gopi

Hello, I am trying to find a way to buy long dated put options(more like FFH put options) on major indexes specifically for hedging. Has anybody tried & succeeded? Gopi

Great interview! Makes total sense why Buffett praises him on every occasion!

No trades like options/futures on the same underlying security. I see several like this in my statement. I talked to the customer care, they say that this is legitimate wash sale & disallowed loss. The way they put it "Since I bought in two/more lots with in 30 days & sold most of them within 30 days makes this a wash sale". I don't agree with that either. Thanks for your comments! given2invest , Yes, I own another chunk(1000) which I bought them in 2009 for much lower price. So, I own 1200 now. As you can see this is not an exact replacement at all.

Thanks, I went through the pages already. I couldn't find a similar example. But My understanding seems to be inline with yours.

Oh, sorry here's the transaction list. These were the entire transaction in this particular security in 2010. Date Action Price Number of shares 4/27 buy 15 100 4/27 buy 15 100 5/5 buy 15 400 5/6 buy 15 200 5/6 buy 15 200 5/25 Sale 14 500 5/25 Sale 14 300 Loss of around $800. Is this considered a wash sale?

Hi All, I bought 500 stocks of company A at $15/share on May 5 & 300 stocks at $15/share on may 6. I sold all of them on May 26 at $13/share. I took a loss of about $1600 on the whole. My brokerage statement says this as wash sale & disallowed loss. I disagree with them. Is this true? Any help would be much appreciated. Thanks, Gopi

Almost always, selling investments too soon thinking that they reached their fair value(too dumb :-(! some of them are TCK, ATSG & UFS.. They all went up substantially after i sold. I could have made at least 10 times in all of them.. I made about 100-300% on those investments. Still it hurts! They clearly not one of a kind businesses, so I cant really hold them forever. I don't really know what to learn from those..I am still planning to pick up something cheap & selling where I think they are fair prices to sell!

My understanding is that this derivative contract is equivalent of buying put(except with posting collateral if the hedges moves against). if the index is higher than stated in the end of the contract(about 10 years), FFH will lose the premium it paid(~170M).. If there are any fluctuations in the index between now & end of the contract they have to mark down their asset numbers(accounting & not cash). Please correct me if i'm wrong, thanks!

Thanks guys!

Do you guys think I can buy FFH from US? Do you know any brokers assist that kind of trades? probably from OTC?