> Since discovering options, I now tell her,
> if I'm going to lose money, I'd rather lose
> on options than at the casinos. And, it's
> a capital loss as well!! The casinos don't
> give you a tax receipt for your losses. :-)
>
> Now there's a positive way of viewing a
> losing situation.

Heheh, very true...! :)

I heard a couple of radio hosts talking about this just a couple days ago....

They said, if you buy a lottery ticket, and you win, the government will be happy to tax you on your winnings....

But on the other hand, the government won't let you write off your lottery ticket as a tax deduction....

It's a bit lopsided!

At least with an "investment" your capital losses are tax deductible, unlike the lottery.... and I think your odds are generally better too! :)

I'm very fascinated by all this stuff.... Though so far I'm only involved in equity markets (the standard stock market), I'm still intrigued, especially by foreign exchange (FX) futures and other futures and options.... :)

Anyway, thanks Elizabeth! I enjoy following the discussions here about futures and options and other instruments of finance.... I read them all and I learn a lot.... :)

Dien Rice