Recent content by DrBogdan

Thank you. Sorry for missing your reply and not responding in short notice. Grateful for all the information you have provided. I haven't yet found any legit court rulings/cases on the topic of gifts between non-resident aliens. Are you by any chance aware of how one should go about looking for...

Thanks. I've heard that too. But I'm yet to find something legitimately corroborative. All I see is people referring to each other and no reference to actual court rulings. Have you managed to find something that betokens exactly how IRS would act in such cases? Like court rulings, etc. After...

As per Connecticut's revenue service, it is intangible https://portal.ct.gov/DRS/Individuals/Individual-Income-Tax-Portal/Estate-and-Gift-Taxes/Tax-Information

You see, I thought the same way until I found out that non-resident aliens don't pay gift taxes only on transfers of intangible property located in US. This definitely includes stocks but I'm not sure about cash on the brokerage account. Everyone says differently. If its deemed tangible, then...

Does anyone know whether there is a gift tax in the event if one non-resident alien transfers cash from his US brokerage account to another non-resident alien's US brokerage account? Found a PDF file that classifies brokerage accounts as intangible assets, thus making cash on the account not...

My dude, Monex is in the third place by the number of clients and managed assets in Japan. Their assets exceed that of E-toro. Doesn't mean that they approach the Vanguard level of safety but even so. My worry is that they're heavily exposed to crypto. And this does bother me

Hi. Who here has used Tradestation before? I can't for the love of me make sense of their fee schedules. They're so confusing. I've read they have an account maintenance fee of 149 USD per month. Is that so? What are some of the other monthly and annual fees that I as a client may be subject to?

Thanks for the response. Although, the SIPC website still lists currency as a security that is not eligible for SIPC protection. So I don't know what to make of it then. Maybe by currency, they mean something else entirely and not cash deposited and held on the account?

Thanks. So basically if I were to initially deposit 100k USD and then subsequently purchase Vanguard ETF's in 50K USD, then both my ETF's and 50k in USD would be covered by SIPC in the event of bankruptcy of the broker?

Hi. I've just read on the SIPC website that they actually do not include currency held on the account in their coverage. However, I vividly remember reading somewhere that this 500k limit includes 250k in cash. So how is it then? Is the USD cash held on the account not actually covered, and do I...