Here in BigTrends we rarely venture into politics, unless we analyze the possible reactions to political events in terms of business opportunities. We prefer to see the benefits for our customers and graphical analysis Feelings then worry about what politicians do.
However, a congressman from New York a bill is dangerous for traders and active investors, as we have proposed ourselves, our newsletter readers, our Premium Advisory subscribers, we’re coaching. Enough for us to join them through a link on the website that allows you to petition against the adoption of the proposal and will introduce you to automatically email your senators and congressmen. The Bill H. R. 1068 imposes in fact a 0th 25% VAT on the purchase and sale of financial instruments such as stocks, options and futures. Although it may seem small, it could lead to travel round trip from $ 50 to buy 100 shares of AAPL amount, for example. And with all the trades you make.
When you go to this site, you will find more information on the bill and how to sign the petition to his office and e-mails / letters to send to Congress. http://www. Congress rally. com: 80/no2tradertax/1536/tell-congres-to-block-trader-tax/Here some opinions on this proposal and Price Headley BigTrends team of portfolio managers:
Price Headley, President:
I see the possibility, Trade and Invest as a true symbol of capitalism and freedom, which helped to increase across America in the last two centuries. As if the swing, which was our socialist government was not offensive enough for our ancestors and all Americans who work hard, the idea of a tax on investment decisions are among the stupidest things ever in Washington (yes, right up there with the ridiculous ban short selling in September – see how well that worked, too?). A tax on all actvity trading limit would be sensitive to the frequency of trading decisions, and thus market liquidity would be seriously affected. I hope you all we click the link BigTrends join and sign the petition to protect your voting choice, to score as many or little as you wish, without imposing additional state. (More below)
Bob Lang, Portfolio Manager: This will have an impact and be very negative on retailers. The currency and futures markets, which were a source of liquidity and balance sheet, or suffer the consequences will be enormous benefits. The government’s response to the reactionary past is not greed at the heart of Wall Street problems. Once again the government has big bully for small operators, by restricting market access to rich. Andrew Hart, Portfolio Manager: This administration is the method, a scapegoat for the financial difficulties to find and it is likely backfire. From my point of view, taxing all businesses (profit and loss), liquidity is more. By raising the costs of transactions, many merchants, owners of small businesses, trade can stop or reduce the Common Shares traded / contracts. Reduced liquidity may have far-reaching implications, as we have seen in the credit markets in late 2008.
Moby Waller, Portfolio Manager:
While there is certainly anger against Wall Street to Main Street because of the dust bag Madoff the world and for other reasons, an additional tax on active investors is not the answer. A bill like this actually decrease the volume of trade and may impede a possible resumption of the market in a new bull market that will lift all boats (and 401k, etc.). It will not help the industry in financial difficulty which is the subject of much of our current financial mess. I would actually favor a reduction (or suspension) in taxes on capital gains on securities transactions (both long and short term) increase as a means to markets due to the activity of increased buying. Scott Downing, portfolio manager:
As we have seen in the past, create a tax shift in supply and demand. If this tax is imposed on traders, banks and brokers will have to reduce their margins to offset the tax because they are trying to stick to dealers in the game we already know that banks and brokers straight lines that now, this is not a good solution to the problem. As the government continues to lend money to businesses and shareholdings in these companies, it is most traders want to stay away from markets, because they can not predict the government’s next action. The tax is ultimately takes us further from the free flow of capital market, which stimulates the economy of our country, that the current recession.
Once again, we invite you to visit the website linked above, and sign the petition urging Congress not to put this law has changed.
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Price Headley