YodZiaN

I am not sure why as a new investor you’d want to go for such an advanced strategy – but to each his own. Finding a financial advisor that will take you as a client may even be difficult due to the risk they take engaging in stategies above the client’s comprehension.
My suggestion is to study option trading, then practice on paper (no real money), until you are confident in executing a strategy and then get a financial advisor to make the trades.

I want to buy the Foreign Currency and Trade in india (daily Buying and selling), Is there any Restriction in that in RBI act or other Specified Act’s?

Here’s the plan:
*I’m against the $85,000,000,000.00 bailout of AIG.*
Instead, I’m in favor of giving $85,000,000,000 to America in a *We
Deserve It Dividend*.
To make the math simple, let’s assume there are 200,000,000 bonafide
U.S. Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman
and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billon that equals
$425,000.00.
My plan is to give $425,000 to every person 18+ as a *We Deserve It
Dividend*.
Of course, it would *NOT* be tax free. So let’s assume a tax rate
of 30%.
Every individual 18+ has to pay $127,500.00 in taxes. That sends
$25,500,000,000 rig ht back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket. A
husband and wife has $595,000.00.
*What would you do with $297,500.00 to $595,000.00 in your family?*
*Pay off your mortgage – housing crisis solved.*
*Repay college loans – what a great boost to new grads*
*Put away money for college – it’ll be there*
*Save in a bank – create money to loan to entrepreneurs.*
*Buy a new car – create jobs*
*Invest in the market – capital drives growth*
*Pay for your parent’s medical insurance – health care improves*
*Enable Deadbeat Dads to come clean – or else*
*Remember this is for every adult U S Citizen 18+ ‘including the
folks who lost their jobs at Lehman Brothers and every other company
that is cutting back. And of course, for those serving in our Armed
Forces.
If we’re going to re-distribute wealth let’s really do it…instead
of
trickling out a puny $1000.00 ( ‘vote buy’ ) economic incentive that
is being proposed by one of our candidates for President.
If we’re going to do an $85 billion bailout, *let’s bail out every
adult U S Citizen 18+!*
*As for AIG – liquidate it.*
Sell off its parts.
Let American General go back to being American General.
Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.
*Here’s my rationale.* *We deserve it and AIG doesn’t.*
=0 A
*Sure it’s a crazy idea that can ‘never work.’*
But can you imagine the *Coast-To-Coast Block Party*!
How do you spell* Economic Boom?*
*I trust my fellow adult Americans to know how to use the $85
Billion*
*We Deserve It Dividend* more than I do the geniuses at AIG or in
Washington DC ..
And remember, The Chud plan only really costs $59.5 Billion because
$25.5 Billion is returned instantly in taxes to Uncle Sam.

I live in CA and owe almost $5,000 in traffic tickets and fines. My license was suspended and I REALLY need it back. If I file bankruptcy will it clear the fines off so I can get my license back?

I got this email yesterday and thought it was a GREAT idea! What do you think?:
I’m against the $85,000,000,000.00 bailout of AIG. Instead, I’m in favor of giving $85,000,000,000 to America in a “We Deserve It Dividend.” To make the math simple, let’s assume there are 200,000,000 bona fide U.S. Citizens 18 and over. Our population is about 301,000,000 ± counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up. So divide 200 million adults 18 and up into $85 billion that equals $425,000.00.
My plan is to give $425,000 to every person 18 and up as a “We Deserve It Dividend.” Of course, it would NOT be tax free. So let’s assume a tax rate of 30%. Every individual 18 and up has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18 and up has $297,500.00 in their pocket. A husband and wife has $595,000.00. What would you do with $297,500.00 to $595,000.00 in your family? Pay off your mortgage – housing crisis solved.
Repay college loans – what a great boost to new grads Put away money for college – it’ll be there Save in a bank – create money to loan to entrepreneurs. Buy a new car – create jobs. Invest in the market – capital drives growth Pay for your parent’s medical insurance – health care improves Enable Deadbeat Dads to come clean – or else.
Remember this is for every adult U S Citizen 18 and up including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces.
If we’re going to re-distribute wealth let’s really do it…instead of trickling out a puny $1,000.00 ( “vote buy” ) economic incentive that is being proposed by one of our candidates for President. If we’re going to do an $85 billion bailout, let’s bail out every adult US Citizen 18 and up!
As for AIG – liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up.
Here’s my rationale. We deserve it and AIG doesn’t. Sure it’s a crazy idea that can “never work.” But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion “We Deserve It Dividend” more than I do the geniuses at AIG or in Washington DC. And remember, The Birk plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam.

that would help Americans?
This sounds like a really great plan. To bad no one will take it seriously
I’m against the $85 BILLION bailout of AIG.
Instead, I’m in favor of giving $85,000,000,000 to America in a ‘We Deserve It’ dividend.
To make the math simple, let’s assume there are 200,000,000 bona fide
U.S. citizens, aged 18+.
Our population is about 301 million counting every man, woman , and
child.
So, 200,000,000 might be a fair stab at adults 18 and up.
Now, divide 200 million, 18+ adults into $85 billion – that equals
$425,000.00 each! ?
Yes, my plan is to give that $425,000 to every adult as a ‘We Deserve It’ dividend.
Of course, it would NOT be tax free. So, let’s assume a tax rate of
30%. Everyone would pay $127,500.00 in taxes.
That sends $25.5 billion right back to Uncle Sam! It also means that
every adult 18+ has $297,500.00 in their pocket.
A husband and wife would have $595,000.00!
What would you do with $297,500.00 to $595,000.00?
* Pay off your mortgage – housing crisis solved
* Repay college loans – what a great boost to new grads
* Put away money for college – it’ll really be there
*Save in a bank – create money to loan to entrepreneurs
* Buy a new car – create jobs
* Invest in the market – capital drives growth
* Pay for your parent’s medical insurance – health care improves
* Enable Deadbeat ?Parents ?to come clean – or else
Remember this is for every adult U.S. citizen, 18 and older (including
the folks who lost their jobs at Lehmann Brothers and every other
company that is cutting back) and of course, for those serving in our
Armed Forces.
If we’re going to do an $85 billion bailout, let’s bail out every
adult U.S. citizen!!
As for AIG – liquidate it.
*Sell off its parts.
* Let American General go back to being American General.
* Sell off the real estate.
* Let the private sector bargain hunters cut it up and clean it up.
We deserve the money and AIG doesn’t. Sure it’s a crazy idea, but can
you imagine the coast-to-coast block party!
How do you spell Economic Boom? W-e D-e-s-e-r-v-e I-t
d-i-v-i-d-e-n-d!
I trust my fellow adult Americans to know how to use the
$85 Billion ‘We Deserve It’ dividend more than I do the geniuses at AIG or in Washington, D.C..
And remember, The plan only really costs $59.5 billion because $25.5
billion is returned instantly in taxes to Uncle Sam.

Martin D. Weiss writes: The proposal before Congress for a $700 billion mega-bailout is far too little to repair the damaged debt and derivatives markets … and, at the same time, far too much for investors and taxpayers who must put up the money.
How big is the problem, really?
In the past, Congress has repeatedly asked us for data and analysis on these issues, and we have provided it in Congressional testimony and white papers. In that same tradition, below is a partial first draft of a white paper we will be submitting on this matter:
Why the Magnitude of the Mortgage, Debt and Derivatives Crisis Overwhelms The $700 Billion Bailout Plan Now Under Discussion in Congress
(Partial First Draft of Weiss Research’s Submission
to Congress and Federal Banking Regulators)
Last week, the President, the Treasury Secretary and the Federal Reserve Chairman announced their view that Congress must get to the root of the debt crisis in America by providing a broad solution that truly puts the crisis to an end.
However, the magnitude of the crisis afflicting mortgages, other debts and derivatives clearly overwhelms the $700 billion bailout proposal currently under discussion. To better understand the magnitude of the problem …
First and foremost, we urge members of Congress to disregard data based on the list of troubled banks maintained by the Federal Deposit Insurance Corporation (FDIC).
The FDIC’s list has only 117 institutions with $78 billion in assets. But given the current proposal for a $700 billion bailout, it is clear that Administration officials tacitly recognize that the FDIC list understates the problem. There are many more financial institutions at risk or in need of assistance with their toxic paper.
How many more? We believe a more accurate count comes from our analysis of: (a) the derivative risks assumed by major banks, (b) the mortgage holdings of the largest regional banks and (c) all banks and thrifts with TheStreet.com’s financial strength rating of D+ (weak) or lower. Based on this analysis, we believe:
1,479 FDIC member banks are at risk of failure with total assets of $2.4 trillion.
In addition, 158 savings and loans are at risk with $756 billion in assets.
In sum, banks and S&Ls at risk have assets of $3.2 trillion, or over 36 times the assets of banks on the FDIC’s watch list.
These numbers alone indicate that the $700 billion contemplated for the bailout plan could be severely inadequate.
Second, Congress should seriously consider the facts in the Federal Reserve’s Second Quarter Flow of Funds Report .
In this report, released on September 18, just one day before the President announced the Administration’s $700 billion bailout proposal, the Fed estimates that the nation’s mountain of interest-bearing debts has now grown to $51 trillion.
Plus, it provides critical additional insights regarding the breadth of the debt problems facing the nation, as follows:
1. The ownership of residential mortgages is dispersed among many different sectors. There are $12.1 trillion in mortgages on single- and multi-family homes in the United States. But these are not held only by banks and S&Ls. They are spread among a wide variety of institutions and individuals, all of which could have similar claims to federal assistance.
Specifically …
2. Fannie, Freddie and GSAs are still at risk. As a first priority, the plan would have to expand the recently announced bailouts of Fannie Mae and Freddie Mac in order to properly secure the residential mortgages held by government-sponsored enterprises (GSEs) and agencies (GSAs). These now total $5.4 trillion, according to the Fed.
Plus …
3. Private sectors and local governments also own residential mortgages in substantial quantities. The bailout plan would also have to cover:
Investment banks and others that issue asset-backed securities, now holding $2.1 trillion in mortgages,
Nonbank finance companies ($426 billion),
Credit unions ($332.4 billion),
State and local governments ($159 billion),
Life insurance companies ($61.6 billion), plus …
Private pension funds, government retirement funds and households themselves.
4. Commercial mortgages are now going bad as well. The current debate seems to focus exclusively on residential mortgages. But at many regional and super-regional banks, much of the risk is currently in the commercial mortgage sector, where recent data denotes many of the same difficulties as the residential sector. To truly get to the root of the problem, Congress cannot exclude these either.
There are $2.6 trillion in commercial mortgages outstanding in the United States. As with residential mortgages, these are also dispersed widely beyond the banking sector — $644 billion held by issuers of asset-backed securities, $263 billion held by life insurers, $65 billion at nonbank finance companies and $37 billion at Real Estate Investment Trusts (REITs).
5. Mortgages are less than hal