Weekend Reads: Taxes, Plinko, and Bitcoin

Headline start-up activity in the managed futures space may be at a 10-year low, but traditional classifications are becoming ever more blurred as multi-strategy and new technology-driven systematic approaches underpin a new generation of ‘CTAs’.

Futures Stars: 12 for 2018 – (CTA Intelligence)

 

Despite his good health and scant use of health care services, Rossi’s insurance premiums have skyrocketed. In 2016, he paid $294.39 for an individual ACA plan with a $5,000 deductible. For 2018, Rossi is facing a monthly premium of $753 for a silver plan that has a $4,500 deductible. He’s not alone: Insurance premiums for ACA plans in Summit County rose an average of 32 percent for 2018 over the previous year.

The Healthiest State In The Country Has Some Of The Steepest Premiums – (FiveThirtyEight)

 

What does 30% margin equate to in terms of money needed in your account to trade these futures. Well, with Bitcoin at around $6,500 and the contract worth 5 bitcoin, the nominal size of the contract (as of today) would be $32,500 worth of Bitcoin. 30% of that is $9,750.

Bitcoin Futures Contract Spec – (RCM’s Attain Alternatives Blog)

 

How is the BRR calculated?

CME Bitcoin Futures Frequently Asked Questions – (CME)

 

To see what people in or near retirement can get from a robo-type service, we test drove offerings from Vanguard, Schwab, United Income and Betterment LLC—with the firms’ knowledge and support—using data from “Ellen and Greg,” a hypothetical 65-year-old couple in suburban New York who are about to retire.

Should Retirees Use Robo Advisers? – (Wall Street Journal)

 

Late last month, about 85 major farm and food groups sent the Trump administration a letter warning that withdrawing from NAFTA “would cause immediate, substantial harm” to U.S. food and farm industries and “to the U.S. economy as a whole.”

Could NAFTA withdrawal push Iowa into another farm crisis? Ag leaders say it’s possible. – (Des Moines Register)

 

But when it comes to farmland as percentage of each country, Europe reigns supreme.

Countries with the Most Farmland – (RCM’s Attain Alternatives Blog)

 

The bottom line is that, given the diversification benefit and the downside (tail-risk) hedging properties, a moderate portfolio allocation to trend-following strategies merits consideration.

Swedroe: Why Trend-Following Works – (ETF)

 

I recently interviewed the chair of the board of Patriotic Millionaires, Morris Pearl, on why he sees income disparity growing in the United States and how he believes the House and Senate tax bills would add to that. Pearl previously served as the managing director of the investment firm BlackRock.

A millionaire explains why he wants to pay more taxes – (VOX)

 

Only one thing is certain: the randomness. That’s why we pray. And that’s why we watch.

What If God Were A Giant Game Of Plinko? – (Fivethirtyeight)

 

At $450 million, the painting returned about 1.35% annually over five centuries

Is Da Vinci’s ‘Salvator Mundi’ Worth $450 Million or $454,680? – (Wall Street Journal)

Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

The programs listed here are a sub-set of the full list of programs able to be accessed by subscribing to the database and reflect programs we currently work with and/or are more familiar with.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history. Individuals cannot invest in the index itself, and actual rates of return may be significantly different and more volatile than those of the index.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

Limitations on RCM Quintile + Star Rankings

The Quintile Rankings and RCM Star Rankings shown here are provided for informational purposes only. RCM does not guarantee the accuracy, timeliness or completeness of this information. The ranking methodology is proprietary and the results have not been audited or verified by an independent third party. Some CTAs may employ trading programs or strategies that are riskier than others. CTAs may manage customer accounts differently than their model results shown or make different trades in actual customer accounts versus their own accounts. Different CTAs are subject to different market conditions and risks that can significantly impact actual results. RCM and its affiliates receive compensation from some of the rated CTAs. Investors should perform their own due diligence before investing with any CTA. This ranking information should not be the sole basis for any investment decision.

See the full terms of use and risk disclaimer here.

logo