Michael Krewson

  • Content count

  • Joined

  • Last visited

Community Reputation

102 Excellent


About Michael Krewson

  • Rank
    Advanced Member
  • Birthday

Recent Profile Visitors

808 profile views
  1. I recently had a 'German Food Feast' at a restaurant here in Vancouver, WA called Gustav's. His website is http://www.gustavs.net I had the 'MUNICH'Veal jägerschnitzel, sautéed mushrooms, creamy paprika sauce, bier sausage, caramelized onions, pork schnitzel cordon bleu, spätzle, red cabbage, sauerkraut, Munich-style pretzel & whole grain mustard All I can say is German food is Yummy! I wonder what cheese is inside the pork schnitzel cordon bleu? It's scrumptious I also ordered WEISSWURST A traditional Munich white sausage made with pork and mixed with parsley, lemon, mace, onions, ginger, and cardamom
  2. Oregon ranchers Larry and Amanda Anderson received a letter from the Oregon Department of Fish & Wildlife asking permission to survey their land to track the foothill yellow-legged frog, a nearly endangered species. The ODF&W letter of request: The Anderson’s response: The Anderson’s letter:
  3. 14 mile trip with 1.2x surge prices is only $12.73? Is it just me who thinks this is bad? Also take into account gas costs, cost of owning a vehicle and vehicle depreciation, lack of benefits compared to a normal job, risk of being on the road, risk of having a random person in your car, etc. Source - Maybe I should stop recommending Uber to people who ask me about potential jobs? What do you think?
  4. Agricultura Casera

    🌱🌱 Excelente idea tu huertito en casa... Y UNA EXQUISITA TERAPIA PERSONAL ¡ No deseches los restos de tus vegetales !... El secreto es, no echarle mucha agua y cambiarla todos los días, el envase es mejor transparente. Se puede hacer con, el apio, perejil, la albahaca, lechuga, etc... Genial... !!!! Probemos!!!...* Parece que en el vídeo plantaron al revés la cebolla y el ajo.. pero es cuestión de hacerlo bien.. ajos y cebollas se plantan con la raíz hacia abajo.- Simple
  5. Tesla has released an update that includes a hidden easter egg to enable Ludicrous + offering higher performance for their P100D Model S and Model X vehicles.In this video we show you show to enable Ludicrous Plus as well as go over the additional diagnostic screens that are included as well as test out the 0-60 MPH Time.
  6. Arbitrage may be used to bring the market value of an exchange-traded fund (ETF) back into line with the net asset value of the ETF's underlying assets. During the course of the trading day, market price for the ETF naturally fluctuates due to short-term supply and demand forces. If the market price deviates substantially from the net asset value, authorized participants arbitrage differences between those values to bring them back into line. The creation and redemption mechanism is a process by which the market value and net asset value are kept close together. When an ETF is first created, the issuer enters into an agreement with an authorized participant (AP) who is a larger financial institution. The AP buys the underlying assets represented by the ETF in equivalent proportions to the index the ETF is tracking and places them into large baskets of assets. These asset baskets are then conveyed to the ETF issuer in return for a large block of shares known as a creation unit. Creation units usually contain anywhere from 25,000 to 250,000 ETF shares. The AP can then sell the shares on exchanges or hold on to the shares. As the ETF shares trade on the exchanges, the price may deviate from the net asset value. This creates arbitrage opportunities for the AP. If the ETF is trading at a premium to the net asset value, the AP can sell shares short in the ETF while buying the underlying assets. At the end of the trading day, the AP delivers the creation basket of underlying assets to the ETF in exchange for more ETF shares. The AP then earns an essentially risk-free profit since its short position is covered by the shares received. On the flip side, when the ETF is trading below the net asset value, the AP can buy the ETF shares and then sell short the underlying assets. After trading has closed, the AP delivers the shares to the ETF in return for a redemption basket of securities. Once again, the AP makes a virtually risk-free profit by paying less for the ETF shares than it did for the underlying assets. Further, this process reduces the outstanding supply of ETF shares, which helps support the price. The net asset value is the value of each share's portion of the underlying assets and cash owned by the ETF, including the value of any dividends received. It is calculated on a per-share basis after the end of the trading day. The formula for the net asset value is to add all the ETF's assets including cash, subtracting any liabilities and then dividing that sum by the number of outstanding shares. The net asset value is easily accessible by investors on the ETF issuer's website. The net asset value can also be used as a performance indicator for actively managed ETFs.
  7. Critics of ETFs often cite the potential for ETFs to trade at a share price that is not aligned with the underlying securities' value. To help us understand this concern, a simple representative example best tells the story. Assume an ETF is made up of only two underlying securities: Security X, which is worth $1 per share Security Y, which is also worth $1 per share In this example, most investors would expect one share of the ETF to trade at $2 per share (the equivalent worth of Security X and Security Y). While this is a reasonable expectation, it is not always the case. It is possible for the ETF to trade at $2.02 per share or $1.98 per share or some other value. If the ETF is trading at $2.02, investors are paying more for the shares than the underlying securities are worth. This would seem to be a dangerous scenario for the average investor, but in reality, this sort of divergence is more likely in fixed income ETFs that, unlike equity funds, are invested in bonds and papers with different maturities and characteristics. Also, it isn't a major problem because of arbitrage trading. The ETF's trading price is established at the close of business each day, just like any other mutual fund. ETF sponsors also announce the value of the underlying shares daily. When the ETF's price deviates from the underlying shares' value, the arbitrageurs spring into action. Here's how arbitrage sets the ETF back into equilibrium. The arbitrageurs' actions set the supply and demand of the ETFs back into equilibrium to match the value of the underlying shares. Because ETFs were used by institutional investors long before they were discovered by the investing public, active arbitrage among institutional investors has served to keep ETF shares trading at a range close to the underlying securities' value. Source
  8. When investors want to sell their ETF holdings, they can do so by one of two methods. The first is to sell the shares on the open market. This is generally the option chosen by most individual investors. The second option is to gather enough shares of the ETF to form a creation unit, and then exchange the creation unit for the underlying securities. This option is generally only available to institutional investors due to the large number of shares required to form a creation unit. When these investors redeem their shares, the creation unit is destroyed and the securities are turned over to the redeemer. The beauty of this option is in its tax implications for the portfolio. We can see these tax implications best by comparing the ETF redemption to that of a mutual fund redemption. When mutual fund investors redeem shares from a fund, all shareholders in the fund are affected by the tax burden. This is because to redeem the shares, the mutual fund may have to sell the securities it holds, realizing the capital gain, which is subject to tax. Also, all mutual funds are required to pay out all dividends and capital gains on a yearly basis. Therefore, even if the portfolio has lost value that is unrealized, there is still a tax liability on the capital gains that had to be realized because of the requirement to pay out dividends and capital gains. ETFs minimize this scenario by paying large redemptions with stock shares. When such redemptions are made, the shares with the lowest cost basis in the trust are given to the redeemer. This increases the cost basis of the ETF's overall holdings, minimizing its capital gains. It doesn't matter to the redeemer that the shares it receives have the lowest cost basis, because the redeemer's tax liability is based on the purchase price it paid for the ETF shares, not the fund's cost basis. When the redeemer sells the stock shares on the open market, any gain or loss incurred has no impact on the ETF. In this manner, investors with smaller portfolios are protected from the tax implications of trades made by investors with large portfolios. Source
  9. An ETF has many advantages over a mutual fund including costs and taxes. The creation and redemption process for ETF shares is almost the exact opposite of that for mutual fund shares. When investing in mutual funds, investors send cash to the fund company, which then uses that cash to purchase securities and in turn issues additional shares of the fund. When investors wish to redeem their mutual fund shares, they are returned to the mutual fund company in exchange for cash. Creating an ETF, however, does not involve cash. The process begins when a prospective ETF manager (known as a sponsor) files a plan with the U.S. Securities and Exchange Commission to create an ETF. Once the plan is approved, the sponsor forms an agreement with an authorized participant, generally a market maker, specialist or large institutional investor, who is empowered to create or redeem ETF shares. (In some cases, the authorized participant and the sponsor are the same.) The authorized participant borrows stock shares, often from a pension fund, places those shares in a trust and uses them to form ETF creation units. These are bundles of stock varying from 10,000 to 600,000 shares, but 50,000 shares is what's commonly designated as one creation unit of a given ETF. Then, the trust provides shares of the ETF, which are legal claims on the shares held in the trust (the ETFs represent tiny slivers of the creation units), to the authorized participant. Because this transaction is an in-kind trade — that is, securities are traded for securities—there are no tax implications. Once the authorized participant receives the ETF shares, they are sold to the public on the open market just like stock shares. When ETF shares are bought and sold on the open market, the underlying securities that were borrowed to form the creation units remain in the trust account. The trust generally has little activity beyond paying dividends from the stock, held in the trust, to the ETF owners, and providing administrative oversight. This is because the creation units are not impacted by the transactions that take place on the market when ETF shares are bought and sold. Source
  10. AMPK activation appears to slow aging. What do you think? Has anyone tried it?
  11. http://thedeepfat.com/indexAff_161205.php What are your thoughts about enzyme?
  12. Alison Krauss - When You Say Nothing At All
  13. Josh Turner - Your Man Lyrics Baby, lock the doors and turn the lights down low Put some music on that's soft and slow Baby, we ain't got no place to go I hope you understand I've been thinking 'bout this all day long Never felt a feeling quite this strong I can't believe how much it turns me on Just to be your man There's no hurry, don't you worry We can take our time Come a little closer, let's go over What I had in mind Baby, lock the doors and turn the lights down low Put some music on that's soft and slow Baby, we ain't got no place to go I hope you understand I've been thinking 'bout this all day long Never felt a feeling quite this strong I can't believe how much it turns me on Just to be your man Ain't nobody ever love nobody The way that I love you We're alone now You don't know how long I've wanted to Baby, lock the doors and turn the lights down low Put some music on that's soft and slow Baby, we ain't got no place to go I hope you understand I've been thinking 'bout this all day long Never felt a feeling quite this strong I can't believe how much it turns me on Just to be your man Written by Jace Everett, Charles Dubois, Christopher Stapleton • Copyright © Sony/ATV Music Publishing LLC, Warner/Chappell Music, Inc, Kobalt Music Publishing Ltd., Spirit Music Group
  14. Ever Wonder...

    Why the sun lightens our hair, but darkens our skin? Why women can't put on mascara with their mouth closed? Why you don't ever see the headline "Psychic Wins Lottery"? Why "abbreviated" is such a long word? Why doctors call what they do "practice"? Why you have to click on "Start" to stop Windows XP? Why lemon juice is made with artificial flavor, while dishwashing liquid is made with real lemons? Why the man who invests all your money is called a broker? Why there isn't mouse-flavored cat food? Who tastes dog food when it has a "new & improved" flavor? Why they sterilize the needle for lethal injections? Why they don't make the whole plane out of the material used for the indestructible black box ? Why sheep don't shrink when it rains? Why they are called apartments when they are all stuck together? If con is the opposite of pro, is Congress the opposite of progress? Why they call the airport "the terminal" if flying is so safe?