I am a former hedge fund portfolio manager that trades for my own personal account. I espouse Graham and Dodd/Buffett style investing, always on the lookout for value equities or bonds. A graduate of Northwestern's Kellogg School of Management, I lived in NYC for a decade before relocating with my family to the Charlotte, NC area in 2007.
Chris DeMuth Jr. is the founder of Rangeley Capital LLC. Rangeley is an investment firm that focuses on event driven, value-oriented investment opportunities. Rangeley Capital and his value investing forum, Sifting the World (StW), search the world for misplaced bets. Rangeley exploits them for its investors and then Mr. DeMuth writes about them on StW.
About New Providence
Overseas agent - Anguilla registrar (since 2001) Company Formations/Trusts New Providence Estate Planners, Ltd. (since 1995) 54 Sandyport Drive P.O. Box CB 11552 Nassau Bahamas 1 242 327 7359 Fax/phone: (242) 327-7359 E-mail: firstname.lastname@example.org
Goldman Sach's Cayman operations
An offshore company that has no offices within the United States and does no business within the USA doesn't have to file a US income tax return.
There are no long term or short term capital gains taxes on publicly traded stock market trades (i.e., BIDU, GE, F, GM, you name it) even if you use a US broker to facilitate the trades. That's the truth, and the US tax code backs me up. Trade as many trades a day (options, futures, stocks, bonds) as you want, and the IRS will not and cannot tax a foreign company that does not have offices "within the United States" and does not "do business within the US". That's the law. I've been offshore since 1990... I know. I wrote a book on tax havens and US tax law... I know.
Need good advice for your international operations? Hire us.
Need planning that really works to fend off the IRS?
I have 23 years experience.
We form offshore company and foreign trusts.
Over 1,130 offshore companies since 1995.
We can win with FATCA, because we know US Tax Code.
Holding companies based in tax havens make great estate tax planning vehicles.
Overseas agent - Anguilla registrar
54 Sandyport Drive
P.O. Box CB 11552
1 242 327 7359
Fax/phone: (242) 327-7359
MEASURED BY MY LAST TRADE: On April 3rd 2013 I purchased 10,000 shares of WFR (new company name is SunEdison) at $4.01 a share. Just 10 days later WFR trades at $4.76 - UP 18.7%. Today, June 2nd WFR (now SUNE) trades at $8 a share. Ouch!
On Tuesday April 9th, WFR was trading at $4.30 a share at 11AM in the morning. I decided to go for my walk and swim; but, as I sometimes do, I placed a "limit" SELL order for all 10,000 shares at $4.55 a share - just in case the stock took off in an unusual broad market rally (I.e., 150 point jump in the DJIA). Taking profits is always a good thing.
After returning from my walk an hour later, I noticed WFR (now SUNE) was trading at $4.40 a share, but WFR's stock was rising quickly before my eyes, and soon in a few minutes was sold at $4.55 a shares for a gain of 13.21% (+$5,400).
Taking profits this quickly is almost always the right thing to do, and I plan on Buying back WFR within the next few weeks if the gods are with me - and that was my strategy for WFR (now SUNE) from the very beginning. aSK FOR MY free "Weekender report".
WFR traded as high as $6.53 up 66.93 percent in under 40 days! Wow! How' did your best stock do last month?
In 2012 my real dollar portfolio of 10 stocks was up about 48% - led by HFC (22.3)(up over 150% since purchase of 2000 shares), TRW (33 - now 58.75 - 81.5%), EMN (35 - now 71.25 up 102%) MYL (17.5 now 28.29 - up 61%). Positions in all the above were closed out in 2012.
My most surprising winner was URI (29.58) purchased in July 2102. While I sold URI at 36.4 (for a 23% winner in 48 days), URI trades at $51 a share today - up 70 percent in 5 months.
7 of the 8 stocks I actually bought in the last 13 months are up over +45.7% in price.
Six of the 8 stocks I actually bought in the last 13 months are up over +59.15% in price.
Two stocks (out of 8) are up over 100 percent. HFC = 151.3% ...More + EMN +102.8%).
I had one loser in all of 2012 ABX (down 19%) - which I sold for a tax loss. All my other purchases were up.
How did your IPO purchases do last year? Groupon? Facebook? Zynga?
DID YOU KNOW?
Not everyone has to pay US capital gains taxes according to KPMG the IRS and me. "Trading in stock securities or commodities in the United States for one’s own account except in the case of a dealer does not constitute engaging in a trade or business. The volume of such transactions does not have any bearing on whether the nonresident is engaged in a U.S. Trade or business. For this reason a foreign investor is free to invest in the United States and trade for his or her own account through a resident broker even one with discretionary authority without fear of being engaged in a trade or business in the United States" - http://www.us.kpmg.com/microsite/ies/tfc/content/chapter3.htm
If you want to trade the US stock markets through a US broker and legally avoid CG taxes with a foreign corporation, call me.
Azzara Security Advisors Ltd.
Overseas agent Anguilla Registrar - since 2001
54 Sandyport Drive,
PO Box CB 11552
1 242 327 7359
Below are ALL my 2012 purchases (and sold!)... Followed by the price purchased.... Followed by the price today.
Had I adopted a Warren Buffet type strategy and just bought and held onto them I would have been ahead about +65.123 in 2012 vrs the DJIA up about 6%.
TRW was purchased at $32.5 a share in December 2011. TRW trades at 57.44 today. TRW is UP +76.6% vrs the DJIA up 8.9%.
HFC (HollyFrontier) was purchased at $22.3. HFC trades at $49.67 today. HFC is up +123.3% vs the the DJIA up 8.9%.
EMN (Eastman Chemical) was purchased at $37.3 a share. EMN trades at 71.52 today up +102.8%% vs the the DJIA up 8.9%
TEN (Tenneco) was purchased at 25.66 a share. TEN trades at 34.4 today...up +45.7% vs the the DJIA up 8.9%
MGA (Magna International) was purchased at 32.87 a share. MGA trades at 52.52 a share UP +59.15%
URI (United Rental) was purchased at $29.59 a share. URI trades at 51.27 a share today. URI is up +73%
ABX (Barrick Gold) purchased at $42 a share. ABX trades at 32.8 a share today down - 21%
MYL (Mylan labs) was purchased at $17.4 a share. MYL trades 30.5 today UP +74.55%
Note: Mylan labs was owned for only one month in /December 2011 for an +19% return.
Call me if you have questions.(242) 327-7359
Need a professionally drafted hedge fund prospectus for your clients? I have a fine one, and I can register a fund in the Crown/overseas territory of Anguilla for you.
Overseas agent - Anguilla registrar (since 2001) offshore companies and Bahamas banking since 1990 ... security analyst (stocks).
I covered Anguilla in my book - Tax Havens of the World (8 edition/Amazon.com) - and ironically ended up making it my new base of operations. Long story.
Contact us for a safe trip offshore!
Disclaimer: Readers are advised that the material contained herein should be used solely for informational purposes. This information is not investment advice or a recommendation or solicitation to buy or sell any securities. Readers should conduct their own research and due diligence and obtain professional advice before making investment decision. Readers are solely responsible for their own investment decisions. Investing involves risk including the loss of principal.
IRS Circular 230 Disclaimer: To ensure compliance with IRS Circular 230 any U.S. Federal tax advice provided in this communication is not intended or written to be used and it cannot be used by the recipient or any other taxpayer (I) for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer or (ii) in promoting marketing or recommending to another party a partnership or other entity investment plan arrangement or other transaction addressed herein
Analyst and Fund Manager with almost 20 years investment experience. Coverage includes a variety of industries, with a focus on technology.
Particularly focused on value stocks, poorly understood or under-followed situations, and contrarian perspectives.
Primarily invest in special situations with value that is poorly understood or not fully appreciated, or where we believe there is a highly asymetric risk/reward profile. Also look for long/short ideas in mid/larger cap names where we believe we have a variant view, and the market is dramatically mispricing value.
Follow me on Twitter @valinsights
I am now trading independently and I hope that this will serve as a resource center as you research your own trades. I trade stock and options and mainly focus on event driven strategies such as mergers & acquisitions, biotechnology, and earnings. As I place trades in my portfolio, I will update my blog with the trade, price, and thought process.
Editor for The Biotech Forum (www.biotechforumsa.com), the #2 subscribed to Marketplace investment service offered through SeekingAlpha. Top 5% ranked analyst (TipRanks) 2013 through first half of 2015. Daily contributor for Real Money Pro. Hedge fund manager from 2008 to 2011. Previously technology executive at Fortune 100 firm for a decade. For Free weekly investment reports on small, attractive biotech stocks just register at www.bretjenseninvests.com
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I have canceled my republication agreement with Seeking Alpha. Look for my future articles at http://altenergystocks.com.
Tom Konrad, PhD., CFA is a financial analyst, freelance writer, and portfolio manager specializing in renewable energy and energy efficiency. He is currently looking for a money management firm to sponsor what he believes would be the first dividend income oriented green mutual fund, based on a strategy he has been managing since December 2013.
He is Editor at AltEnergyStocks.com.
Tom lives in New York's lower Hudson River Valley. He volunteers for the environmental nonprofit community, runs, and is a woodworker. He's currently using those woodworking skills to renovate (and upgrade the energy performance) of the 1930 farmhouse he lives in with his wife.
He can be reached at tom at tom konrad dot com.
Lejun James Shao is the founder of www.myIRAs.net (http://www.myIRAs.net/), WhitePine Investment Inc of USA, and CEO of WhitePine Software Inc, Beijing, China. He was the top finisher in MSN's 1st US One Million Dollar Investment Contest, "Strategy Open Tournament," with a +45.88% return in 4 months from August 28 - December 2008.
An IT wizard turned professional investor, James Shao graduated from the University of Michigan with a PhD degree in Computer Engineering in 1990 and worked as an assistant professor in Singapore's Nanyang Technology University for 5 years after graduation. He worked as Chief Software Engineer in DSP Technology, Design Engineer in Ford Motor Company, and several other high tech companies after his return. James Shao started his investment profession in 2001.
Mr. Hui has been involved in the equity markets since 1980, both on the buy side and the sell side. He is a CFA Charterholder, and has presented numerous papers to quantitative discussion groups (Sample topics include: How Global are Resource Sectors).
Nothing I write should be considered investment advice. Only you can decide if any specific financial asset, security, allocation, opinion, idea, etc. is best for your financial portfolio.
Author of two books, available here, Options Strategies Every Investor Should Know and The 5 Fundamentals of Building a Retirement Portfolio (both available in paperback and eBook).