Search results

yes, this makes sense. so it sounds like basically there are 2 options when trading offshore. 1. trade without an entity, and pay cap gains tax (which would result in 30+% depending on profit) 2. trade with entity, claim exemption (up to 160k for me and my fiancee plus rent/housing...

how hard is it to gain a visa to the bahamas? or can i just leave every 8 months? this is what the bahamas.com site says: "To enter The Bahamas, U.S. citizens need one of the three documents listed below, accompanied by a return or onward journey ticket and proof of funds to support the...

yes, but why wouldn't you just pay yourself through a corporation? same thing right?

i wish it were that easy :) MTM doesn't convert gains into "earned income".

what is the best way to convert cap. gains into earned income? i ask this because i am thinking about living offshore and taking advantage of the earned income exemption. i can imagine setting up some sort of corporation and then directing all profits to me and my fiancee as income. but...

well, i think the missus and i have decided to make the leap late this year. we're initially looking at these properties (please comment if you know anything about them!): http://www.hgchristie.com/Listings/Rentals/ units: gb083r, gb480r, gb469r ideally we want to be on the ocean, so...

what is 'daytrading' to you? if it means closing positions by end of day, then you would be surprised how illiquid you can get ;) if you mean in and out 3 or 4 times, then that's another story...

another advantage to this setup seems to be that you can also trade foreign stock markets as well as other markets that the SEC currently won't allow u.s. citizens to trade.

you are correct i believe. the annuity payments are earned income which wouldn't allow you to claim a loss. and the futures tax break would have to be considered.

it needs to be offshore so it doesn't have capital gains tax. this is the whole point. :D

michael, yes, the IBC or entity that loaned you the monies would be located in a capital gains free zone. yes, you must report all worldwide income (u.s. is the only nation that does this i think), so you DO pay taxes on what would be then earned income (annuity is part cap gains, part...

steve, thanks..... the way i understood it was (and maybe this isn't called a private annuity) that you go to a offshore management company and you setup a brokerage account with them (you give them your capital). you are then put in charge of trading that account. in return they give...

is anyone out there have any experience with using private annuities as a means to defer most their capital gains taxes? i've been learning about it and it seems to be an attractive setup for trading. thanks -funky

you answered your own question :confused:

lol that was actually funny

hey now :D the guy might find a use for it...just cause YOU couldn't find a way to use it doesn't mean there is no use for it anywhere..... come on archy! ;)

what do you consider 'hardcore' daytrading? works great for me, but then again i'm more 'softcore' lol

the point is: what does it matter WHO uses what? your p&l only cares which one works best for whatever market you are trying to trade.... not rocket science! ;) now shake your head up and down and say "yes funky, you are correct -- i'm going to go test out which one works best and use that...

you are asking the wrong question. HOW do you find out what formula is used? come on now....we're not gonna do ALL of the work for you.....pick a market and test it! :D

i find it very interesting that news shocks happen along the lines of least resistence, or shall we say the prevailing trend...but how shocked should i be? humans perceive information, they act on it, and the market is set in motion....the news comes out to the public (it is released) and the...