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Topics - Zach

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Investors - LC / NSR Invest blog post - the improperly issued loans
« on: June 29, 2016, 04:33:21 PM »
Just wanted to share our latest blog post on the recent Lending Club news and looking at some of the 32 loans issued to Renaud and his family in 2009.

https://www.nsrinvest.com/i-think-i-found-the-loan-files/

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Investing - General (not P2P) / Section 1256 Tax Reporting
« on: March 01, 2015, 07:10:11 PM »
Since I know we have more than a few experienced investors/traders on the forum, I thought I would put this question out there to see if anyone has any experience in this realm.

In 2014, I traded a significant number of SPY ETF options contracts. From my understanding, I can report the gains earned as 60% long-term gains, 40% short-term gains under IRS Section 1256.

However, my broker, Fidelity, doesn't classify the index options as such. How do I properly report the 1256 gains while still adhering to the short-term gains my broker is reporting in full?

I read this TurboTax thread for some insight - which was helpful, but still doesn't make clear what you do in this situation.

https://ttlc.intuit.com/questions/2314260-options-on-index-fund-etfs-qqq-spy-1256-contract-treatment

Any prior experience would be appreciated  :)

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Investors - LC / MOVED: Is Bluevestment working?
« on: March 12, 2014, 11:02:52 AM »

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Investing - General (not P2P) / Using S-Corp for Tax Advantages
« on: February 26, 2014, 04:43:00 PM »
While I know there are a few other threads that discuss a related topic of using corporate entity for the purpose of deducting capital losses greater than $3,000, I'm curious what others think of this concept:

Since I invest in the stock market with a swing-trading strategy that produces short-term gains, Iíve been considering possible tax advantages of establishing an S-Corporation/LLC to channel my investing through, in consideration of more favorable tax rates (long-term).

My concept is as follows: Incorporate and open a brokerage account in the corporationís name. I would then act as a lender to the corporation for capital. I would have the loan setup to have annual/rolling payments due 1 year and 1 day from the date of investment (and report payments back on form 1099-OID). My corporation would be charged a significant interest rate that is commensurate with the returns my stock investing is generating - it would be a variable interest rate..

To make sure Iím being paid a proper salary through the S-Corp (per IRS requirements) I would pay myself the first $17,500 (401k contribution limit), and the company would provide a matching contribution of the remaining $33,500 - to the reach defined maximum contribution limit.

Would this work per IRS rules?

If not through the concept Iíve illustrated above, is there any other acceptable alternative (as deemed by the IRS) that would allow the same tax benefits?



Sent from my HTC6435LVW using Tapatalk


8
Investing - General (not P2P) / Leveraged ETF Degradation
« on: February 10, 2014, 08:19:05 AM »
I was wondering if anyone is familiar with the concept of degradation related to leveraged ETFs?

I know that it can cause lowered performance relative to the 1X ETFs (non-leveraged), but wouldn't the concept also be applicable (in terms of compounding) if the underlying ETF moves up in general?

For example, the SPY had a return of 18.41% in the last year, and UPRO (3X leveraged) had a return of 65.98%.. The leveraged version had performance that was actually greater than 3X - does this support my conclusion?

If this my guess is true, and it does work in both directions, then there would technically be more to gain than to loose, because overall, the market wins more than it looses in the long-run.

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Foliofn - LC / Posting few hundred notes for sale!
« on: February 08, 2014, 12:31:54 AM »
Just thought I would give the heads up (to entice some of you) to purchase some of the 200+ notes that I just listed for sale on Folio for Lending Club.
The loans with decreasing FICOs are listed at a 2.5% discount, no change in FICO at 1% discount, and increasing FICO 0.5% discount.

Many of the loans have no missed payments.

EDIT: I should point out that the credit grades range from C-G

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Investing - General (not P2P) / Index Futures Leverage
« on: February 01, 2014, 11:59:09 PM »
I was wondering if anyone can explain to me how index futures can be used to leverage your investment?

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Investors - LC / 2013 Consolidated 1099s Available!
« on: January 30, 2014, 09:23:11 PM »
Just a quick heads up that LC 1099's are finally posted!

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Investors - LC / MOVED: ESPP opinions?
« on: December 13, 2013, 10:49:43 AM »

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Investing - General (not P2P) / Credit Spread Trades
« on: December 09, 2013, 09:48:14 PM »
I've been looking at credit spread trading recently, and was wondering if anyone has any prior investing experience with them?

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Investors - LC / Understanding Your Returns Page
« on: December 05, 2013, 08:56:25 PM »
Lending Club's new "Understanding Your Returns" page is somewhat of an interesting direction for them to take, but the comparison information is really intriguing to me.

I was just curious how everyone looks on their performance chart plot....

Here's mine (for my primary/largest account):



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