To: kennny who wrote (22685 ) 3/19/1999 3:51:00 PM From: TripleT Respond to of 122087
Kenney, Go to Anthony's new site and click on FAQ's. It will lead to a site that discusses what you need to know. But so far, it has not enough real specifics. The following is a summary of some of the things that I have read, but I can't vouch for the info. 1. Set up an off-shore business/corporation. The following is a suggestion and I can't say that it will work. Call Wade Cook Seminars and see if one of their divisions can set up one for you. CAUTION: The company is excellent at promoting itself and their products or services which are not cheap. 1-800-872-7411. As a side issue, I have found that this site (Anthony's)has more more good practical info than some of their seminars. 2. Have your new corporation set up a Canadian brokerage account. I have not read of any Canadian brokerage that anyone has recommended. Greenline at 1-800-862-9595 is the Canadian branch of Waterhouse. Verify policies on shorting from a number of brokerages before making your decision. I recall finding a reference that lead to a list of Canadian brokerages at the offshore SI BB. Two dollar figures that have been batted about is $100,000 and $50,000 minimum for an offshore brokerage corporate account. Once again, I don't know if either figure is correct. 3. There is also a tax issue that you must consider. I have not seen any discussion about this on any board. 4. After saying all this, I really looking forward to the seminar and Anthony's new thread! Maybe by the end of August, I can have a Canadian account or the equivilent also. In one of Anthony's many posts, I read that he hopes to be able to help after the new site is up and running, so I will be patient for now. Techie the Third