Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,050
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Post by Dave on Jan 15, 2020 4:13:06 GMT -8
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chinacat
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AAPL Long since 2006
Posts: 4,425
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Post by chinacat on Jan 15, 2020 6:53:41 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
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Post by chinacat on Jan 15, 2020 7:35:13 GMT -8
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Jan 15, 2020 8:38:38 GMT -8
This article goes above and beyond the facts, instead making assumptions (that Apple has a way in) and policy (that Apple and others should break in) There's always good reasons presented. Save the princess, save the world. But if the owner was alive, could they even force him to unlock the iPhones, or would that be covered by the 5th amendment? If you can't legally force the suspect to unlock it, does it seem right to be able to force someone else to unlock it? It seems more like the FBI has to be ok that they don't have all of the info they potentially could. I was in a jury 14 years ago, where the judge reminded us that this wasn't a CSI show, and we wouldn't necessarily have tons of evidence from a lab or anything. We had to make our decision based on the evidence presented, and not slight it for evidence we might not have. This would be a tough issue, even if Apple had a way in. But Apple is doing the right thing of defending privacy, if you think forward to a less clearcut incident.
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Jan 15, 2020 10:40:38 GMT -8
TAXES!
If you sold some shares last year, especially in the last quarter, and will owe more taxes than normal, remember that today is the day to get the prepayment for the last quarter in by.
There are many safe harbor rules to avoid extra fees, including changes in your life, and paying all that you owed the year before. Or paying within a certain amount of what you owe this year. And there's a new one as to changes due to health insurance that we used last year, though that might be specific to differences than expected in an Obamacare subsidy.
But in this low interest environment, where I know I sold a small chunk of shares in the last quarter of the year and thus will owe taxes, personally I am going to make the small prepayment.
If you have any S&P dividends, keep in mind that those (various indexes) sometimes have some funky rules, where even if the dividend is paid in January of the next year, it still counts towards the previous tax year. (EDIT: on the plus side, some indexes also have strange tax rules, where when you sell it a portion is considered LTCG, even with a shorter time period)
Taxes....never simple, even if the main page is just a page now.
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stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Jan 15, 2020 11:17:40 GMT -8
This article goes above and beyond the facts, instead making assumptions (that Apple has a way in) and policy (that Apple and others should break in) There's always good reasons presented. Save the princess, save the world. But if the owner was alive, could they even force him to unlock the iPhones, or would that be covered by the 5th amendment? If you can't legally force the suspect to unlock it, does it seem right to be able to force someone else to unlock it? It seems more like the FBI has to be ok that they don't have all of the info they potentially could. I was in a jury 14 years ago, where the judge reminded us that this wasn't a CSI show, and we wouldn't necessarily have tons of evidence from a lab or anything. We had to make our decision based on the evidence presented, and not slight it for evidence we might not have. This would be a tough issue, even if Apple had a way in. But Apple is doing the right thing of defending privacy, if you think forward to a less clearcut incident. Right, I agree, but you have to remember, it's JUST a story, it may not have even happened organically at all. I know that's hard to imagine but just trust me on this one, I spent many years working behind the scenes in Entertainment and Media, and ohhhh these CFR types have a tendency to create news stories that are not reality but BASED on reality (if they need to). Think Tonkin Bay Incident. If that sounds outrageous, check into the Smith Mundt Act which was quietly re-enstated in 2012, which basically allows the Gov to propagandize it's citizens in the name of National Security. It original started back in 1942 during the WWII and was repealed in 1948. www.congress.gov/bill/112th-congress/house-bill/5736In other its words, as of 2012, it's completely legal for the Fed Gov't to just make stuff up and lie to ya. Word. The point is to get us talking about it, which ummm they have.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Jan 15, 2020 11:29:18 GMT -8
PED has a piece from that Marxist Cory Doctorow of Slate, making the silly circular argument that a company has a monopoly over its own stores (not going to link to Doctorow's BS). I was going to comment on PED's site, but he wants to charge me for that (PED - you should pay me for adding my brilliant insights to your site. - JD ). Doctorow calls Apple evil (his word) for having the temerity to charge developers for being on the App Store. So if Cory has a garage sale, he has to let me sell my junk in his driveway for free or he's a monopolist? Or does that only apply to big bad corporations? How big does a mom and pop have to get until they are evil-sized and the rules change? The sad thing is, Doctorow is crying for the po' wittle developer, who would be a "wage slave" worker bee - or worse, replaced by an H1B worker - if he worked as an employee for Big Tech. But Apple's App Store has created an environment where a person can startup his own company and go straight to the people and list his app, and make a hell of a lot more than the old paradigm of having to work for a big evil corporation. Just so irrational, this corporation hate. Meanwhile, US companies, besieged by US regulators and its own citizens, are competing with state-protected, and in some cases, state-run companies in China and Korea, fighting with one hand tied behind their backs. Circular firing squad! And 4AAPL makes good points about the FBI backdoor thing. You have to understand that our position (anti-backdoor) is probably a minority position in the US. Far more of a (small L) libertarian-vs-statist issue than right vs left. Most people don't take the time to realize that law enforcement always starts with the "but but the children/terrorists/drug lords/money launderers!", but, then long after the dust has settled the IRS is using the iOS backdoors to track your crypto currency trades and local police are using it for small time drug and prostitution busts and Deputy Barney Fife is using it to stalk his girlfriend. What's weird is Apple's reticence on this. Why hasn't Tim said, "We CAN'T break into the iPhone," unless they can and there's already a backdoor? FBI is winning the PR battle, mostly through misrepresentation (why would Trump, of all people, trust that dysfunctional, rogue organization for anything boggles my mind, but we won't get into that debate in the Intraday). Make the Fourth Amendment Great Again!
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Jan 15, 2020 11:51:08 GMT -8
TAXES!If you sold some shares last year, especially in the last quarter, and will owe more taxes than normal, remember that today is the day to get the prepayment for the last quarter in by.
4aapl... how do you add pre-payment to your prior estimated taxes? i filled out estimated taxes worksheet last year for the 2019 tax year through the tax prep software and have had them automatically deducted...
.....needless to say, 2019 gains have widely exceeded my estimates (thanks AAPL!).... so i'd want to pre-pay more to avoid the penalty... have you been in this situation? thanks! (my RV activities are.... erhmmm... not taxable )
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Post by Luckychoices on Jan 15, 2020 12:18:21 GMT -8
PED has a piece from that Marxist Cory Doctorow of Slate, making the silly circular argument that a company has a monopoly over its own stores (not going to link to Doctorow's BS). I was going to comment on PED's site, but he wants to charge me for that (PED - you should pay me for adding my brilliant insights to your site. - JD ). Doctorow calls Apple evil (his word) for having the temerity to charge developers for being on the App Store. So if Cory has a garage sale, he has to let me sell my junk in his driveway for free or he's a monopolist? Or does that only apply to big bad corporations? How big does a mom and pop have to get until they are evil-sized and the rules change? The sad thing is, Doctorow is crying for the po' wittle developer, who would be a "wage slave" worker bee - or worse, replaced by an H1B worker - if he worked as an employee for Big Tech. But Apple's App Store has created an environment where a person can startup his own company and go straight to the people and list his app, and make a hell of a lot more than the old paradigm of having to work for a big evil corporation. Just so irrational, this corporation hate. Meanwhile, US companies, besieged by US regulators and its own citizens, are competing with state-protected, and in some cases, state-run companies in China and Korea, fighting with one hand tied behind their backs. Circular firing squad! And 4AAPL makes good points about the FBI backdoor thing. You have to understand that our position (anti-backdoor) is probably a minority position in the US. Far more of a (small L) libertarian-vs-statist issue than right vs left. Most people don't take the time to realize that law enforcement always starts with the "but but the children/terrorists/drug lords/money launderers!", but, then long after the dust has settled the IRS is using the iOS backdoors to track your crypto currency trades and local police are using it for small time drug and prostitution busts and Deputy Barney Fife is using it to stalk his girlfriend. What's weird is Apple's reticence on this. Why hasn't Tim said, "We CAN'T break into the iPhone," unless they can and there's already a backdoor? FBI is winning the PR battle, mostly through misrepresentation (why would Trump, of all people, trust that dysfunctional, rogue organization for anything boggles my mind, but we won't get into that debate in the Intraday). Make the Fourth Amendment Great Again!
Actually, JD, Tim Cook covered it pretty well, IMO: The FBI Wanted a Back Door to the iPhone. Tim Cook Said NoCook published an open letter to Apple customers explaining why the company would be opposing the ruling, which “threatens the security of our customers.” He referenced the danger that could come from the government having too much power: “The implications of the government’s demands are chilling,” he wrote. “If the government can use the All Writs Act to make it easier to unlock your iPhone, it would have the power to reach into anyone’s device to capture their data.”Apologies for including so much of the article in my comment but I think most of us on AFB believe this issue is *extremely* important and there is, and will continue to be, ongoing pressure for Apple to create a backdoor into their software so that iPhone information can be accessed by law enforcement...and, therefore, also by law *breakers*. The agency wanted to crack the iPhone of Syed Farook, a suspect in the 2015 San Bernardino shooting. The Apple CEO took a stand.
In 2016, Tim Cook fought the law—and won.
Late in the afternoon of Tuesday, February 16, 2016, Cook and several lieutenants gathered in the “junior boardroom” on the executive floor at One Infinite Loop, Apple’s old headquarters. The company had just received a writ from a US magistrate ordering it to make specialized software that would allow the FBI to unlock an iPhone used by Syed Farook, a suspect in the San Bernardino shooting in December 2015 that left 14 people dead.
The iPhone was locked with a four-digit passcode that the FBI had been unable to crack. The FBI wanted Apple to create a special version of iOS that would accept an unlimited combination of passwords electronically, until the right one was found. The new iOS could be side-loaded onto the iPhone, leaving the data intact.
But Apple had refused. Cook and his team were convinced that a new unlocked version of iOS would be very, very dangerous. It could be misused, leaked, or stolen, and once in the wild, it could never be retrieved. It could potentially undermine the security of hundreds of millions of Apple users.
In the boardroom, Cook and his team went through the writ line by line. They needed to decide what Apple’s legal position was going to be and figure out how long they had to respond. It was a stressful, high-stakes meeting. Apple was given no warning about the writ, even though Cook, Apple’s top lawyer, Bruce Sewell, and others had been actively speaking about the case to law enforcement for weeks.
The writ “was not a simple request for assistance in a criminal case,” explained Sewell. “It was a forty-two-page pleading by the government that started out with this litany of the horrible things that had been done in San Bernardino. And then this . . . somewhat biased litany of all the times that Apple had said no to what were portrayed as very reasonable requests. So this was what, in the law, we call a speaking complaint. It was meant to from day one tell a story . . . that would get the public against Apple.”
The team came to the conclusion that the judge’s order was a PR move—a very public arm twisting to pressure Apple into complying with the FBI’s demands—and that it could be serious trouble for the company. Apple “is a famous, incredibly powerful consumer brand and we are going to be standing up against the FBI and saying in effect, ‘No, we’re not going to give you the thing that you’re looking for to try to deal with this terrorist threat,’” said Sewell.
They knew that they had to respond immediately. The writ would dominate the next day’s news, and Apple had to have a response. “Tim knew that this was a massive decision on his part,” Sewell said. It was a big moment, “a bet-the-company kind of decision.” Cook and the team stayed up all night—a straight 16 hours—working on their response. Cook already knew his position—Apple would refuse—but he wanted to know all the angles: What was Apple’s legal position? What was its legal obligation? Was this the right response? How should it sound? How should it read? What was the right tone?
Cook was very concerned about the public’s reaction and knew that one of the outcomes of his action could be that Apple would be accused of siding with terrorists. What kind of company wouldn’t help the FBI in a terrorist investigation? From a public relations standpoint, Apple had always been on the side of privacy advocates and civil libertarians. This case put the company unexpectedly on the side of a terrorist. This was brand-new territory, and Cook had to figure out how to navigate it. He had to show the world that he was advocating for user privacy rather than supporting terrorism.
At 4:30 a.m., just in time for the morning news cycle on the East Coast, Cook published an open letter to Apple customers explaining why the company would be opposing the ruling, which “threatens the security of our customers.” He referenced the danger that could come from the government having too much power: “The implications of the government’s demands are chilling,” he wrote. “If the government can use the All Writs Act to make it easier to unlock your iPhone, it would have the power to reach into anyone’s device to capture their data.”
Apple had been working with the FBI to try to unlock the phone, providing data and making engineers available, Cook explained. “But now the US government has asked us for something we simply do not have, and something we consider too dangerous to create . . . a backdoor to the iPhone.” He continued, “In the wrong hands, this software—which does not exist today—would have the potential to unlock any iPhone in someone’s physical possession.” This could have potentially disastrous consequences, leaving users powerless to stop any unwanted invasion of privacy. “The FBI may use different words to describe this tool, but make no mistake: Building a version of iOS that bypasses security in this way would undeniably create a backdoor. And while the government may argue that its use would be limited to this case, there is no way to guarantee such control.”
Cook then accused the government of trying to force Apple “to hack our own users and undermine decades of security advancements that protect our customers . . . from sophisticated hackers and cybercriminals.” It would be a slippery slope from there. The government could then demand that Apple build surveillance software to intercept messages, access health records or financial data, or track users’ locations. Cook needed to draw a line. He believed the FBI’s intentions were good, but it was his responsibility to protect Apple users. “We can find no precedent for an American company being forced to expose its customers to a greater risk of attack,” he wrote. Though it was difficult for him to resist orders from the US government, and he knew he’d face backlash, he needed to take a stand.
Long-Running Debate The magistrate’s order thrust into the spotlight a long-running debate Apple had been having with the authorities about encryption. Apple and the government had been at odds for more than a year, since the debut of Apple’s encrypted operating system, iOS 8, in late 2014.
iOS 8 added much stronger encryption than had been seen before in smartphones. It encrypted all the user’s data—phone call records, messages, photos, contacts, and so on—with the user’s passcode. The encryption was so strong, not even Apple could break it. Security on earlier devices was much weaker, and there were various ways to break into them, but Apple could no longer access locked devices running iOS 8, even if law enforcement had a valid warrant. “Unlike our competitors, Apple cannot bypass your passcode and therefore cannot access this data,” the company wrote on its website. “So it’s not technically feasible for us to respond to government warrants for the extraction of this data from devices in their possession running iOS 8.”
The update had repeatedly stymied investigators. At the New York press event two days after Cook’s letter on San Bernardino, the authorities said that they had been locked out of 175 iPhones in cases they were pursuing. For more than a year, law enforcement at the highest levels had been pressuring Apple for a solution. “When the FBI filed in San Bernardino, I think many people in the public perceived that as the beginning of something,” said Sewell. “Whereas in reality, it was a long point leading up to that, with a lot of activity that preceded the actual decision by [FBI director James] Comey to file.”
Sewell explained that he, Cook, and other members of Apple’s legal team had been meeting regularly with heads of the FBI, the Justice Department, and the attorney general in both Washington and Cupertino. Cook, Sewell, and others had met not only with James Comey, but also with Attorney General Eric Holder, Attorney General Loretta Lynch, FBI director Bob Mueller (Comey’s predecessor), and Deputy Attorney General Sally Yates.
Cook and Sewell met with Eric Holder and Jim Cole, then the deputy attorney general, in late 2014, and FBI agents told them they were “interested in getting access to phones on a mass basis.” This was way before the attack in San Bernardino, and Apple made it clear from the start that they were not going to grant the FBI access to hack into Apple users’ phones. Cook and Sewell told Holder and Cole that they “didn’t think that that was an appropriate request to be made of a company that has as its primary concern the protection of all citizens.” They had a similar conversation with Lynch and Yates.
Sewell said that during the discussions, it was clear that some law enforcement officials weren’t convinced by the broader social issues. Some were intellectually sympathetic to their position, but as officers of the law, they insisted they needed access to pursue cases. But Sewell said Cook stuck to his position that security and privacy was a cornerstone. Cook was adamant that any attempt to bypass security would be very dangerous. Once a backdoor had been created, it could easily be leaked, stolen, or abused.
But when the San Bernardino case came along, law enforcement saw it as an opportunity to force Apple’s hand. “There was a sense at the FBI level that this is the perfect storm,” said Sewell. “We now have a tragic situation. We have a phone. We have a dead assailant. This is the time that we’re going to push it. And that’s when the FBI decided to file [the writ ordering Apple to create a backdoor].”
The Firestorm As Cook and his team had predicted, the judge’s order ignited a firestorm in the media. The story dominated the news all week and would continue to be headline news for two months. Apple’s response drew strong condemnation from law enforcement, politicians, and pundits, like Democratic senator Dianne Feinstein of California, head of the US Senate Intelligence Committee, who called on Apple to help with the “terrorist attack in my state” and threatened legislation.
At a press conference in Manhattan, William Bratton, New York City police commissioner, also criticized Apple’s policy. He held up a phone involved in a separate investigation of the shooting of two police officers. “Despite having a court order, we cannot access this iPhone,” he told the assembled journalists. “Two of my officers were shot, [and] impeding that case going forward is our inability to get into this device.”
A few days later, Donald Trump, then a presidential candidate, called for a boycott against Apple at a campaign rally in Pawleys Island, South Carolina. Trump even accused Cook of being politically motivated: “Tim Cook is looking to do a big number, probably to show how liberal he is.” Trump was playing to his conservative audience, trying to make Cook seem like a liberal bad guy and using scare tactics to make it seem like Apple was siding with terrorists. He tweeted further attacks on Apple, calling again for a boycott until the company handed over the information to the FBI.
With so many politicians and officials against Apple, the American public lined up against it, too. A Pew survey found that 51 percent of people said Apple should unlock the iPhone to help the FBI, with only 38 percent supporting Cook’s position. But a few days later, another poll by Reuters/ Ipsos came to a different conclusion. According to that poll, 46 percent agreed with Apple’s stance, 35 percent disagreed, and 20 percent didn’t know. The difference was attributed to the phrasing of the question: The Pew survey question gave less information about Apple’s position and appeared to be biased toward the FBI. An analysis of the emojis used in social media came to a similar mixed conclusion. By analyzing positive and negative emojis in people’s tweets (smiley faces, frowns, claps, thumbs up, and thumbs down), a marketing firm called Convince & Convert found a fairly even split between those who sided with Apple and those who supported the FBI. Though this approach was less than scientific, it was clear the public was divided. This experience was unprecedented, and many did not know what to think.Article continues...
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Jan 15, 2020 12:37:11 GMT -8
TAXES!If you sold some shares last year, especially in the last quarter, and will owe more taxes than normal, remember that today is the day to get the prepayment for the last quarter in by. 4aapl... how do you add pre-payment to your prior estimated taxes? i filled out estimated taxes worksheet last year for the 2019 tax year through the tax prep software and have had them automatically deducted... .....needless to say, 2019 gains have widely exceeded my estimates (thanks AAPL!).... so i'd want to pre-pay more to avoid the penalty... have you been in this situation? thanks! (my RV activities are.... erhmmm... not taxable ) I don't know about doing it automatically or via the website. Turbotax printed out forms for me, last year. Then, it was based on last year's taxes, and so was pretty much just the repayment of the obamacare subsidy, since we came in above that limit. Then quarterized. I just crossed out their number and put in what I am sending, via a check using snail mail. Old school! Really, their late fees don't add up too much when paying reasonable amounts, and if you just have one blip but have been paying taxes based on past years, you have a safe harbor. OTOH, if you have a couple high years, the late fee can add up. I seem to remember half a percent per month, so 6% a year. If that's right, then on a bigger tax year of $200k, equally spaced throughout the year, you'd average at tax time of being 9 months late, so there would be a $9k fee. Multiply or divide from there. Not life changing, but I'd rather not have that, and would make sure that there was a safe harbor rule that applied for me. Mine this year is much smaller and so really isn't much of a worry at all. Still, it's quantified, and so one less thing on my mind, paying on-time quarterly or otherwise. Oh boy, I get to go to the post office!
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
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Post by chinacat on Jan 15, 2020 13:12:05 GMT -8
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Post by aapltini on Jan 15, 2020 13:21:02 GMT -8
Hey All- I know there are plenty of options traders here, I’m hoping you can help me. What app, spreadsheet or tool do you use to track the success of your trades? I do all of my trading through TD Ameritrade and ideally, I’m looking for something that auto-populates and updates in real time. Ultimately I’d like to be able to view, at a glance, how much I’ve made or lost over the course of the current calendar year. I know that I could create a spreadsheet with simple open vs. close costs after the trades are closed but would also like to see how my open trades contribute to my profits and losses on the year.
Anyhow, what do you all recommend? Is there a Pages spreadsheet out there or an app? Or is there an easy way to view this in Think or Swim? Any help or direction would be very appreciated.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Jan 15, 2020 13:35:57 GMT -8
Actually, JD, Tim Cook covered it pretty well, IMO: The FBI Wanted a Back Door to the iPhone. Tim Cook Said NoCook published an open letter to Apple customers explaining why the company would be opposing the ruling, which “threatens the security of our customers.” He referenced the danger that could come from the government having too much power: “The implications of the government’s demands are chilling,” he wrote. “If the government can use the All Writs Act to make it easier to unlock your iPhone, it would have the power to reach into anyone’s device to capture their data.”Yes and naturally I read that letter back in 2019 when it came out. But I mean right now. Nobody but you remembers that open letter, and the Law Enforcement Industrial Complex™ is making the disingenuous "but but but think of the children!" appeal right now and Tim is saying nothing.
This is obviously a nuanced issue, and the FBI and DOJ love to make it a binary one. Of course they want moar power, all government does. It's amazing how all the BIG GOVERNMENT TAKE OVER EVERY ASPECT OF OUR LIVES GO BERNIE!!! types suddenly are shocked - SHOCKED! - with an all-encompassing government that might want to snoop into our private lives?
Tim should make the case for the innocent person, as I've said before, "Do you want the NSA and FBI looking at your texts and pictures? (Or Russian hackers blackmailing you for those Furry sex videos?!?!)
***
I'm not crying that we had a little consolidation here with AAPL, especially before earnings. The more a stock runs, the farther the elevator can fall. I prefer taking the stairs down a bit so the "OMG LAW OF LARGE NUMBERS MARKET CAP WHAT GOES UP MUST COME DOWN" idjuts on the financial shows can ramble about something else besides Apple. Gawd they have some dummies there.
Less than two weeks before earnings.
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Jan 15, 2020 13:40:36 GMT -8
I don't know about doing it automatically or via the website. Turbotax printed out forms for me, last year. Then, it was based on last year's taxes, and so was pretty much just the repayment of the obamacare subsidy, since we came in above that limit. Then quarterized. I just crossed out their number and put in what I am sending, via a check using snail mail. Old school! ............... Oh boy, I get to go to the post office! thanks 4aapl.... i'd been too lazy to research this and don't mind paying a small penalty.... (no matter how i view it, it'll be small relative to the aapl gains)
exciting day for you at the post office!
my lawyer also uses snail mail, old fashioned feller that he is.... and tacky pinstripe suits.... and burner phones....
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Jan 15, 2020 13:51:45 GMT -8
Hey All- I know there are plenty of options traders here, I’m hoping you can help me. What app, spreadsheet or tool do you use to track the success of your trades? I do all of my trading through TD Ameritrade and ideally, I’m looking for something that auto-populates and updates in real time. Ultimately I’d like to be able to view, at a glance, how much I’ve made or lost over the course of the current calendar year. I know that I could create a spreadsheet with simple open vs. close costs after the trades are closed but would also like to see how my open trades contribute to my profits and losses on the year. Anyhow, what do you all recommend? Is there a Pages spreadsheet out there or an app? Or is there an easy way to view this in Think or Swim? Any help or direction would be very appreciated.
it's old school for me.... excel... blasphemy for mac user, but i started on it before pages was any good
i looked for something like you are and didn't find it.... particularly to track spreads where i want the gain/loss of the full spread, not individual leg... so i record manually in excel for each trade. It's a pain!
sorry i couldn't be of more help
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Jan 15, 2020 14:41:12 GMT -8
Good The Hill piece by Andrew C. McCarthy (Assistant US Attorney under Giuliani, National Review contributor) Apple v. Attorney General Barr: Giving feds access to smartphones is a bad callAs I said, this is not a right-left issue, but a size and role of government issue. It's a classic slippery slope, i.e., do you trust the government to behave itself and act reasonably once its nose is under the tent?
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,050
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Post by Dave on Jan 15, 2020 14:52:50 GMT -8
Good The Hill piece by Andrew C. McCarthy (Assistant US Attorney under Giuliani, National Review contributor) Apple v. Attorney General Barr: Giving feds access to smartphones is a bad callAs I said, this is not a right-left issue, but a size and role of government issue. It's a classic slippery slope, i.e., do you trust the government to behave itself and act reasonably once its nose is under the tent? I couldn't agree more. I think the question that everyone should be asking is how did these people ever gain access to this country.
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Post by silkstone on Jan 15, 2020 17:38:35 GMT -8
Good The Hill piece by Andrew C. McCarthy (Assistant US Attorney under Giuliani, National Review contributor) Apple v. Attorney General Barr: Giving feds access to smartphones is a bad callAs I said, this is not a right-left issue, but a size and role of government issue. It's a classic slippery slope, i.e., do you trust the government to behave itself and act reasonably once its nose is under the tent? I couldn't agree more. I think the question that everyone should be asking is how did these people ever gain access to this country. That’s the problem with selling military weapons to people who really don’t like you. We sell them (Saudi Arabia) high tech fighter jets and part of our end is that we will train their pilots so they can actually fly the jets. Yep, the same people who flew our jetliners into the pentagon and the World Trade Center. I guess we will need to train them in their own country as they can’t be trusted to come here and be civilized. The sooner we can make oil an almost worthless commodity, the better imo. It’s sure as hell not apples fault but if there is a way to find a scapegoat d.s. will
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Jan 15, 2020 17:43:54 GMT -8
exciting day for you at the post office! That's the beauty of a small town. You know you're going to run into someone, at the post office, Raleys, the ski resort, or the beach. You just don't know who. Yesterday it was two older guys that put my ski record to shame. One guy said he got in something like 115 days of skiing last year, and the other was something like 143. Their excuse was that they were retired, and really enjoyed skiing. Me, I'd like to hit 100 days sometime, but I lose interest. Once it becomes a chore, that I'm getting out there just to get some number, then what's the point. Back to the wonderful post office, a tax book I read a couple years ago still suggested mailing in your taxes, saying that the scanning software put fewer entries into the database to then get scrutinized. It made sense to me, so even if I have a 50 pager, I still bring it down, even driving it over the hill if I'm late. A quarterly payment doesn't matter nearly as much, but it still let me put off the wire transfer until tomorrow for the check sent today. It's the right thing to do, and the right way to do it. Fun times! The kids get out early on Wednesdays, so we got some skiing in!
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Jan 15, 2020 18:09:39 GMT -8
Hey All- I know there are plenty of options traders here, I’m hoping you can help me. What app, spreadsheet or tool do you use to track the success of your trades? I do all of my trading through TD Ameritrade and ideally, I’m looking for something that auto-populates and updates in real time. Ultimately I’d like to be able to view, at a glance, how much I’ve made or lost over the course of the current calendar year. I know that I could create a spreadsheet with simple open vs. close costs after the trades are closed but would also like to see how my open trades contribute to my profits and losses on the year. Anyhow, what do you all recommend? Is there a Pages spreadsheet out there or an app? Or is there an easy way to view this in Think or Swim? Any help or direction would be very appreciated. When I used to have multiple buys/sells per year, and brokerages didn't have to report all the info to the IRS, I just kept it in a spreadsheet. That topped out at maybe 30 positions with both buy and sells. I read articles or heard of people day trading that used software to keep track of it all, but that was a while ago. These days, your broker should have all the info, since they have to report it. They might not match up the sides you are using for spreads, but that's actually in your interest so that they are not offsetting positions which then can't get LTCG rates. Instead, the short side, even if held over a year, is still considered short term. Whereas the long side can hit LTCG rates, if not paired up. If I remember right, offsetting positions can't get LTCG status. But check the facts. Years ago I had all this stuff down. These days, I just often auto-import stuff into Turbotax, though you still have to be careful. Occasionally things come up, like turbotax not liking 7 or 8 figure values, even if they offset to come to more reasonable figures. Good luck
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Post by hyci004 on Jan 15, 2020 19:16:18 GMT -8
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