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I have a question for successful traders in here making >$150k / year. Why do you stay in the US or other high tax country? Why don't you pack up and go to a 0% capital gains tax country, or set up a corporation abroad in which your capital can grow tax free? What are your reasons? Not...

I wasn't aware that I could just make arbitrary capital contributions into my LLC. Thanks, good to know that.

I can't just transfer money between person <-> company at whim without legally accounting for it somehow, right? That's why I imagined doing this through shares. Wouldn't any other boost in capital have to come through ordinary income which is subject to corporate income tax, or are there other...

A few questions about starting a proprietary trading LLC in the US. I'll be trading with my own funds but I want to do it in a separate entity. I don't need any licenses for this since the firm only trades with its own (my) funds, right? What funds am I trading with, the money issued...

I'm the OP. Here is some more info: Thanks for the suggestions. Trading directly on a brokerage account owned by the client sounds best so far. I'm a non-US citizen, currently resident of Hong Kong. I want to be able to charge performance/incentive fees, say 12% of the profits. Do I...

Say someone asked me to manage some of their money (around $800,000). Can't I just ask them to open a separate brokerage account under their own name, put the $800,000 into it, and give me access to the account? I could then trade the account for them and charge them via regular invoices...

I'm the OP. You're right, I'm looking for very low margin requirement per contract. That usually also means a lower value per contract so that's what I asked for. Some of you mentioned some forex products. Can any of them be traded through Interactive Brokers on regular exchanges? I...

I'm looking for futures contracts that are relatively small yet reasonably liquid. Say less than $10,000 worth per contract. The smaller the better. I know only one, mini-sized corn at CME. Each contract is currently around $5,000. Can you name me any other small contracts like that, at...

A trader in the US is subject to capital gains taxes when trading anywhere including US exchanges. A trader in Singapore can trade on US exchanges with 0% tax. I'm curious, why does the US government allow this? There must be some really good reason for it, otherwise they would have...

Thank you, I see it now. I got confused because SI is labeled "NYMEX Silver Index" in TWS. You'll see this label if you double click on the option. Do you know more about this "index"? It is listed as the underlying of the futures contract underlying the option. I did not know the futures...

I searched for "silver" and in the search window filtered for "Futures Options". The only thing that looks related is an instrument with symbol ZI: "CBOT 5000 OZ SILVER FUTURES (NYSELIFFE)" But I see no option extending to December 2017. The longest option I can see has expiry in...

I'm the OP of this thread. Thanks for all the comments. Since my last question is really a separate question, I opened a new thread for it: http://elitetrader.com/vb/showthread.php?t=281867

I want to buy a call option on a 5000 troy ounce silver futures contract with strike price $50 expiring in December 2017. CME lists this option as available. You can find it by clicking the following link, setting "Strike Range" to "All", and scrolling down to 5000.0 cents...

I'm the OP of this thread. Another simple question: Barchart.com also shows a call option with strike 50 expiring in December 2017 (in 4 years): http://www.barchart.com/commodityfutures/Silver_Futures/options/SIZ17 But I can't find this option anywhere in Interactive Brokers. Do...

Say I put some money into a hedge fund, mutual fund or CTA. Is my money growing tax free in the fund and I only pay my capital gains tax when I take the money out? Or does the fund internally pay some tax when it sells for profit on my behalf?

Thanks for the answers so far. But can you explain how option exercising happens in practice? Say I exercise my futures option of strike price $50 when the silver price is $100. What happens? Do I end up with one $50 futures contract in my trading account? If so, what do I do with this...

But are my calculations correct? I realize that the option won't be worth exactly $250,000 for a $100 silver price. It may a bit different due to the time left to expiry. Other than that, did I get it right?

Suppose I'm convinced that silver will reach $100 before Dec 2015 (in 2 years). From this site: http://www.barchart.com/commodityfutures/Silver_Futures/options/SIZ15?mode=i&view= it looks like I can buy a call option on a 5,000 troy ounce silver contract with strike $50 for only $1,345...