Hey, thanks a bunch for the response, very helpful. I am not able to ship to myself in Mexico anyways, so that won't be an issue

Can you use them in Europe?

this has nothing to do with trading but didnt know where else to post.

ballpark - 1%'ers earn what, 20-25% of the national income distribution. if a $1M cap were put on annual earnings, and the pool of money were to be distributed (to the 99%'ers) based on the ratio of their earnings to the 99% earning pool, how much would the average income for the 99%'ers change?

dramatically, just look at the % that make over 1mil and the difference from 99% to ?% would be the new 99%

i wanna read interesting books on oil industry. recommendations?

Oil 101 by Downey maybe? I've never read it but it's in my amazon cart so I must have heard good things.

tyty

This is probably an easy tax question, but I think you guys can help me out: (hypothetical figures)

I own 25,000 shares of a stock with average cost of about $2.75 per share.
I sold 5,000 shares at $3.50.
My oldest 5,000 shares were bought at $4.00.

Do I pay capital gains tax because I sold at a profit, or is it a loss because the specific shares I sold were bought at a higher price?

Follow up (assuming it is a loss): I re-bought the stock within 30 days of selling those shares, so the wash sale rule goes into affect and I cannot claim a loss, correct?

The other thing he mentioned in that book that was surprising to me is that Germany's and Japan's markets have historically returned only slightly less than the US, despite being on the losing end of a couple of world wars and atomic bombs and all that. I think the UK was also in the same range, despite the fall from being the worlds super power to an also ran.

I'll take a stab. I believe it is your choice to either identify a specific lot sold or use an average price. However, once you slect the method for this stock you cannot change it for the next transaction. If you did rebuy the stock within 30 days you cannot claim a loss.

I would guess that FIFO is the default method..

I'm not an accountant, however:
Unless you can specifically identify the shares that you sold, the default reporting method is FIFO, or "first in first out". That should answer your next question.
Your last thought is correct. In order to harvest a capital loss, you have to wait the 30 days before you reinvest in the same position.

thanks for the help guys

can someone gimme a good link for some MS Excel tutorial videos for finance, i've got a job interview coming up and need to brush up.
The job description says one has to be proficient to an intermediate level with MS Excel

This came with one of my school textbooks. There's a ton of good info and shortcuts in here. I already knew a decent amount of Excel stuff before I looked at this, but I still learned quite a few cool things.

http://www.mediafire.com/?v2zhg8a4l5yw44d

There are macros embedded, but I give you my word that it's safe.