benchmark

Thanks @Dinar. So global account is a separate account from your regular account? For IBKR's example, does that mean that you have to pay interest of the loan for the 1000 Euro?

what type of account do you have with Schwab? I don't see that option in my account to trade directly a foreign stock, such as Fairfax. What do you mean IBKR hedges your currency?

do they charge additional fees for trading international stocks?

Hmm, I was trying to buy Fairfax, and all it showed was the ADR in the US. I checked with my account rep, she confirmed it. Do you have to place the trade with a trade specialist?

I've been lazy, and stayed with Charles Schwab after they bought out TD. But these guys have been messing up a few times since I've been with them, so I'm a bit fed up with them. I'm looking for alternatives. My requirements: a) cheap option trading, I don't do a lot, but they adds up; b) cheap margin rate, I occasionally it, so it's important; c) I want be able to buy international stocks, which Schwab doesn't offer. any suggestions? fyi, ChatGPT suggest interactive broker, but I've also heard from friends that they are complicated to deal with.

Yes. Once he decided, he acted quickly -- see WFC, which I thought he over reacted...

Thanks, this makes sense.

what's tax arbitrage?

Totally. Everyone is excited about DS's performance and the fact it's open source only makes you wonder if all the capEx is worthwhile. Now, only if I can find a good way to short this ...

I don't think or know any firm can defer the tax at 100%. The most I've heard from Gatham is about 25-30% a year. So in this case, you'll still have $75 of ST gain, so the math is about $6 + $75*0.37 = $33.75. So you still save some tax, but not as much. In addition, their tracking S&P500, given where the market is at, it might end up losing money this year.

As far as I understand it, they create a tracking position on S&P, then add long and short positions on the S&P 500 stocks, and loss-harvest everyday(?) to create the artificial loss. I'm curious a) about these guys reputation; b) if there are other firms offering similar funds.

Has anyone done tax loss harvesting? I was pitched with the Gotham fund, they claim to generate about 25% tax loss, while tracking S&P500. They charge a hefty fee at 1.85% of course. is this worthwhile?

+1, the sound tracks are just awesome.

does this mean that you sell out the position and then buy equal amount deep in the money put? is this in a tax-free account?

@ICUMD What brokerage are you using? the margin rate is pretty high -- I'm surprised that you can cover the margin cost with the dividend