I read so many posts on these here internets about taxes. The rich don’t pay their fair share. Taxes are too high on the middle class. Taxes aren’t fair. Everytime it sucks me in and I get furiously involved in the ‘debate’. Here’s what I think: It is wrong that one group of people pay [...]

Time and time again I’ve learned this lesson, so I thought I’d share it. In my 10 years working with my brother Andy, I’ve taken on many many projects myself. Usually I work in solitude, hammering away with extreme vigor in insane spurts of 10, 15 even 20 hour shifts. This goes on for days [...]

Today is my least favorite day of the year. Most Americans don’t distinguish it from any other day. They can thank me and other high earners for that blessed ignorance. The top producers pay 35% federal income tax. (source) The top producers pay between 0 and 11% state income tax (source) The top producers pay [...]

Yesterday I was able to speak with an entrepreneurship class at my alma mater Bellarmine University. The class was taught by the same professor I had 7 years ago. I gave a lot of advice but almost forgot to give what I feel is the most important advice a potential entrepreneur needs to know. Luckily [...]

So you want to use networking to your advantage as a means to helping yourself. The trick to doing so may surprise you: Help them first, ask for nothing in return. It’s true! If you want to make solid relationships and build on those relationships, you have to start with the other guy. Listen to [...]

Sliced bread has nothing on mytrade’s new trade sharing feature, thinkshare. Here’s the basics: First of all, you must be a thinkorswim client to take advantage of this feature. And you should be anyway, as they are the #1 broker, hands down. Once inside thinkorswim, anytime you place a trade you can check a box [...]

The markets have been struggling and the only big moves to the upside have been created because of FED printing money and buying its own debt. Banks are screwed. Commercial real estate is screwed. Good speeches, even with the help of a teleprompter, cannot create profits out of losses. I am predicting a 5-10% decline [...]

Going back to 1945 with data from about.com, combined with historical stock market data from yahoo finance, I’ve constructed a table showing the relationship between who controls congress (and the white house) versus the growth or decline in the stock market. An image of the table is below. Click table the excel sheet. Below the [...]

When Obama was elected I promised not to be biased against him and judge him only on his actions. The jury is back. He is using fear to push a SUPER liberal tax and spend agenda. But he finally funked up. Until now he’s been over the heads of most Americans, just spouting fear and [...]

I’m tired of looking at my stupid broken hand on my site. And now that its 75% healed and I can type without pain, I’m posting an update: Right now I am bearish but not too heavy. My SPY weighted delta is -1500, my theta is 1800 and my gamma is slightly too low for [...]