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  1. J

    Monaco with NO income tax / what else country?

    I will be thankful for your research in Thailand, for the tax rate, for next weeks. BTW, what is $10mm? I aware $1K means $1000 and 1M means its 10^3 times. Please note that, not "large stash of cash tucked away," I never steal any tax before.
  2. J

    Monaco with NO income tax / what else country?

    As mentioned earlier above, it will take 50 years to make $900M after finding no CapGainTax place, with seed of 100K saving. After 50 years later, I can buy a small island and declare for independence, possibly by expensive war. I am curious that IB allows opening account, if you do NOT have...
  3. J

    Monaco with NO income tax / what else country?

    Of course, security for crime is also important, but NOT as important as US$900M in the above example. Also please note that you do NOT have to live there all times, you just need to pay rent every month for tax qualifying, if the assumption is correct.
  4. J

    Monaco with NO income tax / what else country?

    Bahamas with pop 0.38M and BritishVirginIsland with pop 21K, and Panama with pop 3.4M, based on Wiki data. In some undeveloped country, it is not expensive to buy a green card, which is usually a lot stronger than residency requirement for trading CapGainTax, if I heard correctly.
  5. J

    Monaco with NO income tax / what else country?

    Here is a summary of what I am thinking. Please correct me if any. Suppose we have a seed of $100K and have a trading logic of annually compounded 20% (if confident) before tax. A) At the country of NO cap gain tax, from 30 to 80 (for 50 years), your wealth should grows from 100K to...
  6. J

    Monaco with NO income tax / what else country?

    If there is absolutely NO tax for trading profit, I would gladly pay huge rent. Please note that tax rate grows exponentially over the long run, however rent is almost fixed (proportional to inflation and its growth) Have you ever been in Monaco, or just heard? I already paid internet/month...
  7. J

    Monaco with NO income tax / what else country?

    Possibly, Monaco people pay more real-estate tax than US so that their monthly rent might be higher than US.
  8. J

    Monaco with NO income tax / what else country?

    Dear- "There is No income tax in Monaco" is stated in the link below. Probably other tax like corporate or real estate is taken instead of income, to run Monaco. A) In this case, capital gain tax (for stock trading) is within the income tax? B) If so, how about flying to Monaco with...
  9. J

    Goal in 2015: $92k to $150k

    Good to hear from similar background. I have math/stats degree too. For automating trade while you are working, refer to Retail Form forum here where I used to spend most time. IB is a first starting point. For further, send me PM.
  10. J

    Goal in 2015: $92k to $150k

    If I were you, I prefer to program myself, instead of using other person's work. It takes time, but it is worth in the long run, specially to computer program traders.
  11. J

    [Breaking Q] something might be wrong in my IB screen

    Certainly it is my mistake but the attached photo explains all. $41 should be changed to $80.1.
  12. J

    [Breaking Q] something might be wrong in my IB screen

    I am a strictly equity trader only buying long position. Was it possibly buying SHORT accidentally? Where and how can I find it in TWS?
  13. J

    [Breaking Q] something might be wrong in my IB screen

    Dear- Around 10:09, a few minutes ago today, below is the IB screen capture. Since my AXP was bought (acquired) at $41.1 around 9:30 this morning and currently price shows >$81, I guess the fourth line SHOULD BE PLUS. However the screen show MINUS -$234 in PnL. A) Is it due to my lack of...
  14. J

    IB beginner / a few questions together

    My personal logic allows even 3-min delayed data. But Between 9:30 and 10:00, need 10-seconds data. $10/month (equal to $120/year) is compounded to a lot more than $6K=120*50 for your next 50 years. If you live longer, then it is your one car.
  15. J

    IB beginner / a few questions together

    I do not need all the executed orders by email every day, since I can login TWS everyday. Please tell me how to make a sound as soon as any order is executed. As you see the attached photo above, IB TWS may not give me sound. Furthermore, if possible, I like to hear "Bought 100 MSFT at...
  16. J

    IB beginner / a few questions together

    Dear- By complaints of some participants, let me make several questions together. Here are questions that most newbie can see. A) I already made real and paper account. Can I make each another one, to have 2 real and 2 paper accounts? I am thinking to use real A in February and real B...
  17. J

    IBPy beginner / any experience like this?

    Suppose I have roughly 500 orders everyday, then "resetting orderid" means that I can use 1 to 500 oid once everyday?
  18. J

    IBPy beginner / any experience like this?

    That is just my guess, based on the Goodnior's advice "to set up the API so that it auto-accepts connections from the local machine (127.0.0.1)" and "Trusted IP Adress" under the menu File/Config/API/Setting in IB TWS. It may not be true.
  19. J

    IBPy beginner / any experience like this?

    Thanks to the both replies. 1) Probably it might be bacause the oid should be reset everytime. 2) At this point, my local internet provider gives me cheap variable IP, instead of the (expensive) fixed 127.0.0.1. I wonder if someone pay additional monthly charge for the fixed IP, specially...
  20. J

    IBPy beginner / any experience like this?

    Dear- Following the link at Here is the photo capture of my screen. Unlike the link explanation above, I do not see any order in my IB TWS. Anyone had similar experience like this before? This is to deliver a buy order of 100 MSFT at $41.2 to IB. -Jay
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