In this video, Toby Mathis breaks down what truly defines a day trader, why the IRS makes this classification so complicated, and how the facts-and-circumstances test has shaped the tax landscape for traders.

Because there’s no clear tax code defining trader status, many people end up in court simply trying to prove they qualify.

Register for a FREE upcoming workshop today to learn advances tax strategies and asset protection. Save Your Seat ???? https://aba.link/f4e155

Toby explains the real tax difference between investors and traders, including how investors are limited under Section 212 after the Tax Cuts and Jobs Act eliminated most miscellaneous itemized deductions.

Would you like to learn more about minimizing your taxes? Schedule a free tax consultation here ???? https://aba.link/81047e

Investors can only write off margin interest up to their investment income and have very few opportunities for additional deductions.

Traders, however, operate under Section 162, which allows them to deduct ordinary and necessary business expenses—opening the door to far more powerful tax advantages.

You’ll learn why traders began filing Schedule C, why the IRS frequently audits sole proprietors, how capital gains and losses impact both investors and traders, and what happens when traders try to claim expenses in the wrong place.

???? Don't forget to subscribe for more insights on real estate investing and business strategies!

Show Notes:
0:00 Intro – #1 tax strategy for day traders
1:00 Investors vs. traders and key tax differences
2:20 Schedule C vs. Schedule D and audit risk
3:30 Capital gains, capital losses, and the $3,000 limit
5:31 Mark-to-market election (Section 475) explained
8:31 How to qualify as a trader – the 3 main tests
12:08 The loophole: C corporation + LLC family office structure
15:05 Asset protection, tax savings, and legacy benefits
16:50 Free tax and asset protection training + closing call to action
---------------------------------------------------------------------------------------------------------
TAX TUESDAY LIVE
Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now ???? https://aba.link/c6cf59


OTHER ANDERSON ADVISOR EVENTS
Learn a rich selection of subjects like tax and asset protection, business, investing, and more. Our attorneys and other skilled experts will help you learn what you need to know in order to better your chances of success in your professional life.
https://aba.link/tobyevents

~~~~

FINANCIAL PLANNING & TAX RESOURCES

???? Order Your Copy of "Infinity Investing: How The Rich Get Richer And How You Can Do The Same" Here: ???????? ???? https://aba.link/IIWbook

Order Your Copy of ”Tax-Wise Business Ownership" and find greater success by taking advantage of tax laws for your business. Here ???? https://aba.link/tobyshop

Visit Anderson Advisor's website for content, like articles, podcasts, and more that we publish alongside my channel. ???? https://aba.link/tobyaba

~~~~

FOLLOW US:
Instagram: https://aba.link/instagram
Facebook: https://aba.link/facebook
Twitter: https://aba.link/twitter
LinkedIn: https://aba.link/linkedin
TikTok: https://www.tiktok.com/@tobymathisesq

~~~~

CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545

ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
---------------------------------------------------------------------------------------------------------
WARNING: I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name, and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture.

The information provided in this video should not be construed or relied on as financial, investment, or legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#daytrading #taxstrategy #stocktrader #stocks #tobymathis

We cover all of the basics on getting started in trading the futures market! Stick around until the end of this trading tutorial to see LIVE futures contract price action.

???? | Technical Analysis Course: https://tradebrigade.co/learn/
???? | Trading Scripts: https://tradebrigade.co/trading-scripts
☎️ | Book A Call: https://tradebrigade.co/1-on-1/
???? | Swing Trade Newsletter: https://tradebrigade.co

???? | Gift From M1 Finance: https://tradebrigade.co/m1finance/

Free Discord: https://tradebrigade.co/discord/
Follow on ????: https://x.com/TradeBrigadeCo
Join the Floor Traders: https://youtube.com/tradebrigade/join

???? | Trading Music: https://tradebrigade.co/music
???? | 2024 Outlook Report: https://tradebrigade.co/2024-outlook

00:00 – Intro
01:25 – How the Futures Market Works
03:52 – Why the Future?
08:43 – How WE Use Futures Markets
13:12 – Understanding Points & Ticks
15:05 – Common Symbols & Sizes
19:48 – Real Examples of Point & Tick Values
22:54 – Contract Naming
24:22 – Futures Margin Requirements
38:46 – Futures Commissions & Fees
41:17 – Futures Tax Advantages
42:34 – LIVE Futures Price Action

If you are brand new to the futures market and want to learn how to trade futures, this is the crash course for you. In this trading tutorial, we will talk through the basic futures market concepts.

The futures market came into existence for people doing business to keep their future costs predictable. It was simply a way for both parties doing business to hedge against future market fluctuation. This actually required that both parties involved in the trade fulfill their end of the obligation when entering into a futures contract agreement. This is what makes futures contracts different than options contracts. The other key difference is that futures contracts are tied to underlying commodities and NOT stocks or companies.

In todays day and age we use the financial (or commodity) futures market to trade against index prices, currency pairs and even interest rates. We are not looking to ever actually take delivery of the product that we are trading, instead, just keep the difference in the contract price should we be correct about the future direction in prices. If you think the price of the commodity is going to go up in the future you want to become a buyer or go long the contract. If you think it will go down then you want to do the opposite and be a seller of the futures contract.

Understanding how futures is priced is a key component as well. They are not directly tied to a dollar value. Instead they are tied to a point and tick value. Futures points and ticks are going to change on a per contract basis. Its very important that you understand the size and value of a tick on the given contract that you are trading. There are a few common ones that most traders should know. The /ES E-Mini S&P 500 being the most popular.

Contracts are also named in a very specific convention. Because we know futures contracts will expire at a certain date, they have a month and year attached to the symbol that represents the commodity. The letter in the middle will always represent the month of expiration and the numbers at the end will always represent the year of expiration.

Futures margin can be an intimidating thing, but fear not, it's simpler than it may seem. Day margin for futures is the amount in your account that is needed to initiate a new position. We are only putting up a fraction of the notional value of the futures contract to be able to trade it. We are borrowing the rest from the broker.Day margin applies from 9:30 to 4:30 EST. Initial margin is the amount required to hold a futures position after the 4:30 bell. This amount is usually much higher than the day margin rate because the broker needs to use this cash to settle up with the exchanges. If you do not meet this requirement, you will likely get whats called a margin call, asking to close the position or deposit more money into the account. Maintenance margin is the amount of capital required to hold the position against any drawdowns after initial margin has been met in the extended hours. Each futures broker will also charge different commission rates so be sure to look into those before choosing who to go with.

Something thats not often talked about is the fact that there are actually tax advantages to trading futures over stocks, options and forex. You will be taxed in a 60/40 structure where the majority of your futures contract trading gains will be taxed more favorably as longer term capital gains as opposed to the 40% being taxed as short term capital gains. As always please consult a tax professional for you own unique situation.

DISCLAIMER: The information provided in this video is for informational purposes only. It should not be considered financial or legal advice. I am not a Registered Investment Advisor. Buying and selling financial instruments is highly speculative and carries risk.

Is copying Warren Buffett the fastest way to get rich? Mohnish Pabrai reveals the strategy to turn 1K into 10K in 30 days, quit your job safely, build passive income, and master the step-by-step formula millionaires actually use!

Mohnish Pabrai is a renowned value investor and founder of Pabrai Funds, who is best known for his successful implementation of Warren Buffett's value investing principles. He is also the bestselling author of books such as, ‘The Dhandho Investor’, which guides people on low-risk, high-return investing.

He explains:

⬛Why building passive income is simpler than you think
⬛How to build a business or portfolio with no risk
⬛Why copying ideas made Mohnish a millionaire
⬛How to find low-risk, high-reward investment opportunities
⬛Why 99% of people follow the wrong advice about money

00:00 Intro
02:14 Mental Models for Business and Investing
13:55 Never Start a Company for This Reason—It'll Fail
16:13 How to Focus Your Sales and Pitches
20:41 The Importance of Attention to Detail
26:27 Why the Low Engagement in 9–5 Jobs
34:31 How to Reach Financial Freedom
42:57 You Have to Reach Out to Thousands of Places
45:15 Signal vs. Noise Ratio
47:35 Ads
52:25 The 3 Categories All Humans Fall Into
56:22 How to Scale Your Company as a Solopreneur
59:12 Mastering the Art of Hiring
01:01:16 Hire Slow, Fire Fast
01:02:47 Do People Build More Wealth from Business or Investing?
01:05:59 The Magic of Compounding
01:10:57 How to Invest in Indexes
01:13:48 Ads
01:15:58 Why Do They Call You the Dhandho Investor?
01:17:33 The Patels' Framework to Take Over the U.S. Motel Industry
01:20:57 Heads I Win, Tails I Don’t Lose Much
01:21:54 What Is the New Opportunity in the AI Era?
01:26:21 Business Moats
01:27:33 Loyalty Points Models
01:29:41 Is Apple a Good Investment?
01:34:43 The Importance of Making Fewer Big and Infrequent Bets
01:37:22 Is Day Trading Worth It? Can You Make Money from It?
01:38:03 Circling the Wagons
01:40:50 Your Worst Ever Financial Decision



Follow Mohnish:
Instagram - https://bit.ly/4lCFFO6
YouTube - https://bit.ly/4fKRroh

You can purchase Mohnish’s book, ‘The Dhandho Investor: The Low-Risk Value Method to High Returns’, here: https://amzn.to/4oLy4iZ

The Diary Of A CEO:
⬛Join DOAC circle here - https://doaccircle.com/
⬛Buy The Diary Of A CEO book here - https://smarturl.it/DOACbook
⬛The 1% Diary is back - limited time only: https://bit.ly/3YFbJbt
⬛The Diary Of A CEO Conversation Cards (Second Edition): https://g2ul0.app.link/f31dsUttKKb
⬛Get email updates - https://bit.ly/diary-of-a-ceo-yt
⬛Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb

Sponsors:
Fiverr - https://www.fiverr.com/diary with code DIARY for 10% off your first order
Netflix - http://netflix.com/title/81725526
KetoneIQ - Visit https://ketone.com/STEVEN for 30% off your subscription order

What is bitcoin? Explain ethereum like i'm five? Let's discuss the latest cryptocurrency news for bitcoin, ethereum, altcoins, & MORE! SLAP THE LIKE BUTTON! ???? Follow me: https://x.com/AltcoinDaily


???? Get up to a $30,000 Deposit Bonus by signing up with the link below ⬇
Trade, Buy, Sell Crypto with our partner Bybit https://partner.bybit.com/b/altcoindaily
** Accounts cannot be created within the US.

???? Try Bitunix to long or short crypto! No KYC: https://www.bitunix.com/register?vipCode=AltcoinDaily
???? Use Code 'AltcoinDaily' for up to $8,000 USDT Trading Bonus! ☝


Follow Altcoin Daily:
https://x.com/AltcoinDaily
https://www.instagram.com/thealtcoindaily/

Follow me [Austin]:
https://www.instagram.com/theaustinarnold/


TimeStamps:
00:00 Intro
00:17 What Is Bitcoin? - Simply Explained
06:27 Web1 vs Web2 vs Web3 - Simply Explained


***********************************************************************
????Support The Channel!!????(We Get A Kickback From These Affiliate Links)

-- Buy Bitcoin on Coinbase and we both receive $10 in Bitcoin!
https://www.coinbase.com/join/arnold_w23

-- Get a Nano Ledger S: Best Way to Keep your Cryptocurrency Safe!
https://www.ledger.com/?r=29fd4d75e9bc

***********************************************************************

#Bitcoin #Cryptocurrency #News #Ethereum #Invest #Metaverse #Crypto #Cardano #Binance #Chainlink #Polygon #Altcoin #Altcoins #DeFi #CNBC

***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT!


This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

bitcoin, cryptocurrency, crypto, altcoins, altcoin daily, blockchain, best investment, top altcoins, altcoin, ethereum, best altcoin buys, bitcoin crash, xrp, cardano, chainlink, 2023, ripple, buy bitcoin, buy ethereum, elon musk, bitboy, coin bureau, graham stephan, crypto market, bitcoin prediction, the fed, Web3, andrei jikh, cnbc crypto, sbf, ftx, bitcoin crash, crypto podcast, bitcoin price, cnbc, sbf, meet kevin, Bitcoin Halving, crypto news, bitboy crypto, explain, like im five, greatest, Bitcoin Explanation, coin center, congress, brian brooks, web3,

Thanks to Coinbase for sponsoring this video!
Sign up for Coinbase today! https://shorturl.at/gTY18
To learn more about Coinbase Advanced trade, check out: https://www.coinbase.com/advanced-trade.
Disclosure: Coinbase offers simple and advanced trading. Advanced trading is for experienced traders and is subject to the Trading Rules. Fees on the two platforms vary. Content is for informational purposes and not investment advice. Investing in crypto comes with risk.
@Coinbase #coinbase

0:00 Intro
1:04 Fining Coinbase Advanced
2:11 Funding your account
3:09 Tools inside Coinbase Advanced
5:50 Limit order Buy
8:33 Limit order Sell
10:15 Coinbase pros


All opinions expressed in the video and this description are for entertainment only. You should consult a licensed professional before buying any cryptocurrency or digital assets. Everything in this YouTube channel is for entertainment only.

As a business owner or HR manager, the enormous fiduciary responsibilities that come with offering a 401(k) or other retirement plan to employees is often overlooked— responsibilities that not only put your company at risk but can also surprisingly threaten your personal assets. Watch this video to find out about the two key fiduciary duties you carry when offering a 401(k), plus the alarming legal and regulatory risks you take if you fall short. Learn the practical steps we took at Oak Harvest Financial Group to remove this liability and reduce plan costs.

Protect both your company and yourself by downloading our free step-by-step report here: click2retire.com/download-401k-free-report

Learn more: click2retire.com/retirement-plan-administration

????  Subscribe to our channel to keep learning here:
https://click2retire.com/subscribe

Disclaimer:
Hypothetical outcomes do not reflect actual results and are not guarantees of future results. Any index references herein are unmanaged and cannot be directly invested into. Past performance is no indication of future results. All investing involves risk, including the potential loss of principal, and there can be no guarantee that any investing or tax savings strategy will be successful. Advisory services are provided through Oak Harvest Investment Services, LLC, a registered investment adviser. Insurance services are provided through Oak Harvest Insurance Services, LLC, a licensed insurance agency.

The second interview with Zoom Nguyen of Empowered Brokerage. Zoom is a sales director of Empower Brokerage, a leading brokerage in the US.

"When you deliver the check ... that is when you realize how important this work is. At that moment, you are the most important person in a family's lives." - Zoom Nguyen.

Wealth, and financial security are not an accident. Fairy dust from the sky does not make us financially secure. Proper planning, so that we can take right action does. Wealth is supposed to be passed on from one generation to the next. However, this requires wisdom, planning, and the application of the right strategy.

Learn to do this the right way.
Learn to set your family free, forever - safely, and securely.
Call us.

1 Kingdom Life (. com)

Unfortunately, we live in world were anyone can spout off their opinion on any topic simply with a few keystrokes on their computer and then broadcast it to the world through the web.
It is important to know that just because someone wrote it, does not necessarily mean it is true.
In this case, a author on the topic life insurance by the name of Dave Ramsey made some bold and incorrect statements about Indexed Universal Life.

In this video, I will clear all that up and explain why Dave Ramsey is wrong!
And because it is so easy for incorrect information to be so easily available, it is CRITICAL that you work with a properly trained IUL specialist who has your best interest at heart, to assure you achieve your goals and dreams.

To your abundance!
Doug Andrew

Key Moments In This Episode
========================
0:00 Introduction & Summary
2:00 The article "The truth about Indexed Universal Life"
5:00 Proven performance of UIL
7:45 Truth: the cash value it NOT invested in an index mutual fund
13:40 Truth about the fees
16:13 The difference between IUL and a indexed mutual fund
24:00 How Linking works
27:48 What about the market?
31:05 5 Questions you should ask an advisor
36:38 Get Your Copy of The LASER Fund!

Go to: https://www.laserfund.com
Go to: https://entitlementabolitionbook.com
Go to: https://www.free10keysbook.com

What To Watch Next
========================
How a Max Funded IUL Can Earn Tax Free Returns that are Safer & Higher than Banks Offer
https://youtu.be/_YkV1nnYKl8


Did you love this video?
Want to learn more wealth and life empowerment lessons from Doug?
Here are some next steps!
========================

Ready to speak with a Specialist? Book a free Quick Consult here:
https://3dimensionalwealth.com/getstarted

Want to Learn More? Register For An Upcoming Event:
https://3dimensionalwealth.com/events

Claim Your Free Copy of The LASER Fund Book
Learn How to Diversify and Create the Foundation for a Tax-Free Retirement
https://laserfund.com/youtube

Are you a Financial Professional? Register for the upcoming training:
http://iulinsiderpro.com/

How to Lead Your Family/Business from “ME” to “WE”
https://entitlementabolitionbook.com/

Visit Doug Andrew’s websites:
https://3dimensionalwealth.com/
https://dougandrew.com/

DISCLAIMER:
With any mention of The LASER Fund, maximum-funded tax-advantaged insurance contracts, or related financial vehicles throughout these videos, let it be noted that life insurance policies are not investments and, accordingly, should not be purchased as an investment.

Where appropriate, authentic examples of clients' policies have been incorporated, with names changed or hidden to safeguard privacy. Additionally, past performance of existing client policies do not indicate or predict future returns. You should use caution in applying the material contained in this video to your specific situation and should seek competent advice from a qualified professional. Accordingly, the authors and publisher assume no responsibility for actions taken by readers based upon the information offered therein.