Thank you everyone for the valuable input! Now, I understand the worst case scenarios very well! :) This is very useful!
I have been trading with IB for a while but didn't know about Family & Friend's advisor account! If I trade for my friend, this will help me to put the same trades in my...
Thank you everyone for the valuable input! Now, I understand the worst case scenarios very well! :) This is very useful!
I have been trading with IB for a while but didn't know about Family & Friend's advisor account! If I trade my for my friend, this will help me to put the same trades in my...
I have some follow up questions - do I have to be certified Financial Advisor or Financial Investor to able to trade friend's money ? or a Limit Power of Attorney to my friend's account is good enough to trade his/her money ?
Any one has any thoughts or links to how the taxes work in such...
Thank you everyone, for your valuable advice! I will think through before I take any steps in the direction of trading my friends money! I appreciate your input! :)
I have a very good stock market options trading system! My friends want me to trade their money using my trading system!
What are different ways to do it ? What are possible tax complications ?
Thank you for your help! :D