Also referred to as dark liquidity, dark pools are large blocks of equities traded off the exchange floor. Large trades by financial institutions represent the bulk of this trading volume which is not available to the public and is anonymous. This is mainly used by traders who wish to move a large quantity of shares … Read more Dark Pools
Your adjusted gross income, or AGI, is an important line item on your taxes, as it affects your eligibility for certain other tax credits or exemptions. The same is true of your modified adjusted gross income, or MAGI. Typically, your AGI (adjusted gross income) and MAGI (modified adjusted gross income) are close in value to … Read more What Is the Difference Between AGI and MAGI?
Imagine if credit card companies acted like the IRS. Each month you’d get a bill, which would be a blank form. You’d be filling out the form and sending it back to the company, with penalties if you lied or made a mistake. Apparently, in much of the world, governments fill out tax returns for … Read more Should we blame Intuit for tax-filing misery?
The so-called ‘black swan’ problem was first posed by the Scot philosopher David Hume and deals with the danger of making universal assumptions based on empirical reasoning: a man sees one white swan, then another, then a third, and so on. So he comes to the conclusion that all swans are white, an bases a … Read more Beware of the Black Swan
An astonishing $32 trillion in securities changes hands every year with no net positive impact for investors, charges Vanguard Group Founder John Bogle. Meanwhile, corporate finance — the reason Wall Street exists — is just a tiny slice of the total business. The nation’s big investment banks probably could work for less than a week … Read more Why 99% of trading is pointless