MUST READ!! Back to the Future ??
04-21-2003, 03:13 PM
#12
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I dont think anyone is going to make Bill Gates look like an impoverished child any time soon.
With inflation $800 in the year 2256 would be worth about as much as the lint in your pocket. He must be nuts to go on a trip like that with such little cash.
With inflation $800 in the year 2256 would be worth about as much as the lint in your pocket. He must be nuts to go on a trip like that with such little cash.
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04-21-2003, 05:58 PM
#15
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"The only way he could pull it off is with illegal inside information. He's going to sit in a jail cell on Rikers Island until he agrees to give up his sources."
What ever happend to due process? 5th and 14th amendments?
What ever happend to due process? 5th and 14th amendments?
04-21-2003, 06:21 PM
#17
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They should charge him or let him go no strings!! That is bull**** it seem's there is a limit to how much you can make.
04-21-2003, 06:59 PM
#18
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From a chat board:
The story is either bogus or true, but if he is a real person then he dd not take advantage of insider trading. There is no way that someone could possibly have that much inside information on "breaking news" within a period of 2 weeks. But hypothetically it wouldnt be hard to do... not taking taxes into consideration all you would have to do is make 117 consecutive trades averaging 11.5% per trade and you will have over 350,000,000. Of course after short term capital gains of 39% you are left over with 213,000,000. Then if you stuck that in tax free municipal bonds at 4%, you will have 8.5 million in tax free income a year for the rest of your life without touching the principle.
The story is either bogus or true, but if he is a real person then he dd not take advantage of insider trading. There is no way that someone could possibly have that much inside information on "breaking news" within a period of 2 weeks. But hypothetically it wouldnt be hard to do... not taking taxes into consideration all you would have to do is make 117 consecutive trades averaging 11.5% per trade and you will have over 350,000,000. Of course after short term capital gains of 39% you are left over with 213,000,000. Then if you stuck that in tax free municipal bonds at 4%, you will have 8.5 million in tax free income a year for the rest of your life without touching the principle.
