SA2

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    • Thu Jul 3rd 17:49 PM
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      Rating: 0 0
      Commented on:
      ETF Update: Bearish Dollar, Biofuel ETFs, Gold and Silver ETFs
      User 86999: "While I'm sure of the rightness of buying commodities, the associated taxation nightmare in the shape of K-1 being handed to the investors/traders at the end of the year with some phantom incomes (which may exceed the actual gains made, if any at all) is a serious drawback. Anyone interested in commodities, currencies, collectibles (like gold), needs to be aware of these taxation issues to fully understand the baggage associated."

      I would like to second your comment: I was caught comletely unaware of the K-1 complexities (associated with DGL, DBA, DBV, etc..) - not only did I have to pay for tax consultation fees to submit it correctly to the IRS but I ended up paying taxes for money that other people made!

      Buyer beware.
      View article »
    • Thu Jul 3rd 17:02 PM
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      Rating: 0 0
      Commented on:
      Bear Market Rally ETFs: Is Capitulation Close?
      Interesting and well thought-out analysis!

      Thank you for sharing.
      View article »
    • Tue Jul 1st 21:49 PM
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      Rating: 0 0
      Commented on:
      Two Investment Areas That Could Benefit from an Obama Presidency
      Question:

      If MBIA and Ambac are going to be selling large amounts of Muni bonds why is that "another short term reason why muni bonds are attractive"?
      View article »
    • Mon Jun 30th 03:50 AM
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      Rating: 0 0
      Commented on:
      Guru Returns Show Just How Tough the Going Has Been Lately
      Archman80211:
      "The true test of an asset manager is how they preserve wealth during bear markets." - absolutely agreed!

      As for Morningstar - that is a shameful outfit that protects its income stream by creating this glorified "guru" culture and pushing unknowing people to invest in yesterday's "top performers" while it is absolutely clear that a portfolio of inexpensive index funds / ETFs will do a far superior job of growing and protecting the interests of the people seeking Morningstar's advise. Morningstar will rate the funds with stars based mainly (only?) on their past performance promoting a culture of rear-view-mirror expensive investing.

      Shameful indeed.
      View article »
    • Thu Jun 19th 21:04 PM
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      Rating: 0 0
      Commented on:
      IEZ: Oil Equipment and Services Profits Dependent on Rising Crude Prices
      One important point not mentioned above is that the entire group is very inexpensive with a trailing PE of less than 14. That PE is based on much lower oil prices... Reduces risk.
      View article »
    • Thu Jun 12th 00:01 AM
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      Rating: 0 0
      Commented on:
      The Dollar and the Currency Carry Trade
      Beware!

      DBV has some very nasty tax implications including, but not limited to having to submit a K1 form to the IRS.

      I held it for a while, made no gain and had to pay taxes as if I made a significant amount of profit.

      SA.
      View article »
    • Sun Jun 8th 17:24 PM
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      Rating: 0 0
      Commented on:
      Comparing Commodity ETFs/ETNs
      Beware! the tax implications of the DB funds are severe and unexpected.

      I lost a lot of money on DBA and DGL due to this unexpected surprise.

      Looking forward to your clarification on this point in the next post.

      Thanks,
      SA.
      View article »
    • Sun Jun 1st 01:59 AM
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      Rating: 0 0
      Commented on:
      Six Ways to Trade Foreign Currencies
      Thank you Ray for the very informative analysis and your comment about tax implications.

      I learned this the hard way - I held DBV and DBA in a taxable account for a short period in 2007 and sold for no gain. At the end of the year I got a K-1 form which was difficult for me to report correctly and the worst of it was I was allocated and taxed for earnings that I did not make. Very frustrating. I will not touch these future-based funds again and from your comment I gather that this is a problem with all ETNs. Buyer beware.

      As per your comment the Rydex/Wisdom Tree ETFs seem better, the interest will be taxed as regular income but at list I will only be taxed for money I actually receive and will not need to deal with a K-1 form.

      SA2.
      View article »
    • Sat May 31st 00:40 AM
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      Rating: 0 0
      Commented on:
      17 Commodity ETFs to Hedge Your Portfolio
      Just one note of caution: the future-based ETFs (all DB funds) are very tax unfriendly - at the end of the year you will receive a complicated K-1 form which may require you to pay taxes for someone else's gains (as I received for short trips to nowhere in 2007 with DBV, DGL and DBA) - beware!
      View article »
    • Fri May 30th 17:23 PM
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      Rating: 0 0
      Commented on:
      Six Ways to Trade Foreign Currencies
      What about the tax implications if held in a taxable account?

      Thank you.
      View article »