I am a retired baby boomer who enjoyed writing in my former profession. I have been an active investor and follower of the stock market for many years. Now that I am retired from my former profession I am enjoying writing for Seeking Alpha in an effort to join both interests into one new endeavor. Researching, generating a thesis, assembling a coherent interesting story, responding to highly favorable and highly critical comments provides for an unparalleled learning experience. For those so inclined, I highly recommend it.
I have worked for almost 30 years in the custody end of financial services in the Midwest USA. My interests are personal investing to earn income and prepare for retirement and more contribution to the church and society.
We are a tax consulting and company formation firm located offshore in the sunny, tax free Bahamas since 1990. I've formed over 1,030 Bahamian IBCs and 360 Anguilla IBCs since 1990.
◾Anguilla is a UK overseas territory with same tax status as Cayman Islands.
◾All the money and technology to create their offshore registration services came out of London.
◾Anguilla was one of the very first tax havens that adopted an online registry service.
◾QEII is the head of State.
◾Got questions? email firstname.lastname@example.org
The Caribbean tax havens have grown to rival New York and London as a place to hold family assets, and the US FET is one reason why there are so many offshore companies there.
480,000 IBCs in BVI;
100,000 “exempt companies” in Cayman;
45,000 IBCs in the Bahamas;
30,000 cos in Bermuda
25,000 IBCs in Anguilla
None of the Caribbean (tax) havens levy an estate tax.
Nobody is much interested in tax avoidance any more, so I'm posting Tom's Fishing Gallary pictures instead http://bahamasbahamas.com/images/gallery.html
Personal info here https://www.linkedin.com/profile/preview?locale=en_US&trk=prof-0-sb-preview-primary-button
and PFIC / FATCA info for planners https://www.linkedin.com/pulse/new-irs-form-8938-created-fatca-2010-can-filing-avoided-tax-havens?trk=prof-post
JPMorgan/Chase writes on U.S. Estate taxation: "Because stock of a foreign corporation (in a no tax haven) is not subject to U.S. estate tax, holding U.S. situs assets through a foreign corporation constitutes a planning opportunity." http://www.jpmfinancialservices.com/images/PDFs/EstateTaxation.pdf
My career is not in the financial sector nor am I licensed to advise anyone to buy or sell stock. All of my comments are my opinions for what course of action is right for me to take in my investment portfolio, and nobody else's.
I do not short stocks, and do not use margin to purchase stocks as I find the practice unethical. I invest in over leveraged companies where most have written them off because of distress, but where I find value. My investments are long term with no plans to sell for 3 + years unless my target price is reached sooner.
Currently I have over 95% of portfolio in VRX @ $19.77/share, and the rest in VJET @ $4.55/share.
My plan is to sell VRX for over $100/share, and I have no decision for VJET beside buying more if it's under $3/share. I will stop adding VRX shares once price reaches $22/share, and will diversify my portfolio by buying more other companies' shares from my incoming income.
This portfolio breakdown is current only for January 22nd 2017. Also, the profile photograph is authentic Georgian wear few hundreds years old to remind everyone the immenseness of time.