 |
HATEtheRisk
Registered: Aug 2011
Posts: 1587 |
04-05-12 02:33 AM
Quote from Bob111:
how about this?
http://www.sbrf.ru/en/privateclient...sits/fixedterm/
8% on accounts in rubles and i can open an account(cause i still have my russian citizenship).
why i don't have an account over there? same reason-currency risk.
btw-they are paying 4% on accounts in USD.
I am not US citizien. I am german and live in europe.
All this laws are really extremly stressing.
Why dont you use a tax lawyer, a proffessional in taxes (dont know the english word) but someone who does all this stuff for you.
That isnt so expensive.
That 8% on rubles or 4% on USD, sounds great.
If you only do it always for one year, it cant much happen in the FX market.
Why not try it? I would.
Get yourself help from proffessional people who have studied this stuff and their job is to help people, who cant see through the jungle of laws - thats why they are there.
|
| |
|
Edit/Delete • Quote • Complain |
Bob111
Registered: May 2002
Posts: 6413 |
04-05-12 02:42 AM
cause most of the "professionals" know nothing. and \OR will charge you an arm and leg for their services.
wanna talk with tax lawyer about your offshore ideas? how about $500-1000 in hour?
pro accountant? $1000-2000 for income tax preparation. wait..there is no any guarantee that everything will be perfect and will not trigger any penalties or audit from IRS. that's why i have to do it by myself. cause i've been there already.and i do that for over 10 years. everything match up to a dollar. never got any request from IRS,never got any penalties and once $1 refund.
-----
That 8% on rubles or 4% on USD, sounds great.
If you only do it always for one year, it cant much happen in the FX market.
Why not try it? I would.-----
cause i can get 3 or close to 3 here,in US, without moving my ass from my chair. or i have to go to moscow(add tickets,meals and hotel expenses(and they pretty damn expensive in moscow)),go to the bank,open an account,fill numerous papers about my income on both sides of the ocean. all this for a difference of less than 1 %? f**k it.
|
| |
|
Edit/Delete • Quote • Complain |
Ghost of Cutten
Registered: Aug 2009
Posts: 2625 |
04-05-12 04:19 AM
Quote from Rob Johnson:
Can I make a living trading or should I buy another business. I have very little trading exp. serious replies only please, I need to know which direction I should go
Stick to what you know. The vast majority of people who start trading never make even 25k profit, let alone 250k. The most likely outcome is that you lose some or all of your $250k before you learn how to trade, and there's an excellent chance (90%+) that you never become never net profitable.
My advice is do something related to what made you the 250k in the first place.
|
| |
|
Edit/Delete • Quote • Complain |
HATEtheRisk
Registered: Aug 2011
Posts: 1587 |
04-05-12 05:02 AM
Quote from Bob111:
cause most of the "professionals" know nothing. and \OR will charge you an arm and leg for their services.
wanna talk with tax lawyer about your offshore ideas? how about $500-1000 in hour?
pro accountant? $1000-2000 for income tax preparation. wait..there is no any guarantee that everything will be perfect and will not trigger any penalties or audit from IRS. that's why i have to do it by myself. cause i've been there already.and i do that for over 10 years. everything match up to a dollar. never got any request from IRS,never got any penalties and once $1 refund.
-----
That 8% on rubles or 4% on USD, sounds great.
If you only do it always for one year, it cant much happen in the FX market.
Why not try it? I would.-----
cause i can get 3 or close to 3 here,in US, without moving my ass from my chair. or i have to go to moscow(add tickets,meals and hotel expenses(and they pretty damn expensive in moscow)),go to the bank,open an account,fill numerous papers about my income on both sides of the ocean. all this for a difference of less than 1 %? f**k it.
Your life sounds pretty complicated.
Maybe a trip to Moscow wouldt harm you, at least you would get out of your chair.
How i said 3% are great, if you resident in Australia, you get 5%.
LOL
Have a nice thursday
|
| |
|
Edit/Delete • Quote • Complain |
Rob Johnson
Registered: Apr 2012
Posts: 11 |
04-05-12 06:01 PM
Thanks for all the replies and recommendations I opened a very small trading account and a virtual account to start and see what happens. Also what is the best online trading platform for foreign securities and is that a good idea?
|
| |
|
Edit/Delete • Quote • Complain |
Bob111
Registered: May 2002
Posts: 6413 |
04-05-12 06:59 PM
Quote from Rob Johnson:
Thanks for all the replies and recommendations I opened a very small trading account and a virtual account to start and see what happens. Also what is the best online trading platform for foreign securities and is that a good idea?
what securities are you talking about in particular? stocks,futures,bonds whatever
IB covers pretty much everything around the world and very retail friendly in terms of commissions. they also have paper account,which will be exact copy of your own.
http://www.interactivebrokers.com/ibg/main.php
|
| |
|
Edit/Delete • Quote • Complain |
| Receive
an email whenever a new post is added to this thread by subscribing
to it. |
|
|
|
|
