Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Hyperfeed Technologies, Inc. (HYPR) -- Ignore unavailable to you. Want to Upgrade?

To: RADAR ))) who wrote (1515)	3/22/1999 8:45:00 PM
From: sonicburger	Read Replies (1) \| Respond to of 2231

Radar: I started with Schwab in 1985 and have been with them all this time. I was happy with them until I started becoming a more active investor and attended a day-trading course last year in NY. My purpose in attending the day trading school was to learn about the technology that was out there.....and boy was I surprised! I was the old read about it in the WSJ and buy and hold style. I did pretty well or so I thought until last year since I was consistently making 25% over the past few years (but then who hasn't). But now that I'm doing much better than that I'm kicking myself for being so long in getting on the boat!! I've talked with the brokers at the local Schwab office and the Platinum reps on the telephone but I agree with your assessment that they have not kept up with the times. While I know it would be difficult to corner the market on the float... if enough people realize the impact then it could make a difference. I do not plan to sell PQT in the near future. My thought was it will take them at least four or five weeks to get the certificates delivered but it should be off the books immediately upon my request for delivery. Then I could hold it or redeposit it whenever needed. Sometime I'd like to talk about how to reduce the tax bite out of all of this trading profit. I'm wondering about the advantages of a family partnership to see if I can reduce the tax bite through the use of a 401K or Keough. What do you do? Just pay the tax at the ordinary income tax rate plus state tax etc..? Sonicburger