Offshore Banking and Asset Protection, Offshore Trading - Traders Hideout | futures io social day trading
futures io futures trading


Offshore Banking and Asset Protection, Offshore Trading
Updated: Views / Replies:7,904 / 61
Created: by Big Mike Attachments:24

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 24  
 
Thread Tools Search this Thread
 

Offshore Banking and Asset Protection, Offshore Trading

  #31 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received

I just had a very productive call and got all my remaining questions answered with an attorney that specializes in "this". He is also an expat himself. My next step is to consult with my local Ecuadorian attorney about some of the proposals to ensure we are on the same page, and then my CPA, and with luck I will be able to begin the process not long after of restructuring.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #32 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received


artemiso View Post
You're probably already aware of this but just sharing for the rest of the readers: My experience has been that when an established/reputable attorney quotes an absurd fee or retainer for their services, it is an attempt to pre-qualify you if they think that you're not a serious client and you're not going to end up paying/engaging their services after all the free, pre-engagement consultation and advice. They won't phrase it that way but it's the only logical reason why they would need a retainer. Still, avoid attorneys who require such a deal because it's a sign that you're not a priority for them. The only exception is if the attorney appears to be capable of churning out paperwork very fast despite an expensive retainer, and that time is an important variable for you.

Regardless of why, I told that attorney that I didn't get to where I was today by not pursuing a good value. Sure, I need expert advice, but I also need to pay a fair fee for that advice. And that wasn't $80k. Keep in mind this attorney was going to have me fill out a 50 page questionnaire detailing all assets, then they would just pick a structure they've picked a hundred times before for other clients, and populate some names on a PDF form. Then call me a dozen times for no more than 30 minutes per call. That is not good value in my eyes.

My best guess is a fair cost is more in the neighborhood of $15k. And I am including post-creation support and hand holding in that figure. I'll find out soon if I am right or wrong.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #33 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received



artemiso View Post
You're probably already aware of this but just sharing for the rest of the readers: My experience has been that when an established/reputable attorney quotes an absurd fee or retainer for their services, it is an attempt to pre-qualify you if they think that you're not a serious client

Come to think of it, she did ask me several times if I owned any boats or planes. By the third time I said no, she did seem quite disappointed.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #34 (permalink)
Elite Member
Brussels / Dublin
 
Futures Experience: Intermediate
Platform: ninjatrader
Favorite Futures: Stdev + 2
 
Posts: 467 since Jun 2010
Thanks: 842 given, 592 received

Mike are ocra no use to you there such a large organization of be surprised they did not have a lot of what u need excluding insurance..

Reply With Quote
 
  #35 (permalink)
Elite Member
Manchester, NH
 
Futures Experience: Beginner
Platform: thinkorswim
Broker/Data: TD Ameritrade
Favorite Futures: Stocks
 
Posts: 902 since Jul 2012
Thanks: 603 given, 1,785 received


Big Mike View Post
Come to think of it, she did ask me several times if I owned any boats or planes. By the third time I said no, she did seem quite disappointed.

Mike

That's amusing.

Reply With Quote
The following 2 users say Thank You to artemiso for this post:
 
  #36 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received


leinster View Post
Mike are ocra no use to you there such a large organization of be surprised they did not have a lot of what u need excluding insurance..

Perhaps, but I generally try to avoid large corporations.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #37 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,782 since Sep 2013
Thanks: 9,848 given, 11,155 received
Forum Reputation: Legendary


artemiso View Post
You're probably already aware of this but just sharing for the rest of the readers: My experience has been that when an established/reputable attorney quotes an absurd fee or retainer for their services, it is an attempt to pre-qualify you if they think that you're not a serious client and you're not going to end up paying/engaging their services after all the free, pre-engagement consultation and advice. They won't phrase it that way but it's the only logical reason why they would need a retainer. Still, avoid attorneys who require such a deal because it's a sign that you're not a priority for them. The only exception is if the attorney appears to be capable of churning out paperwork very fast despite an expensive retainer, and that time is an important variable for you.


Big Mike View Post
Come to think of it, she did ask me several times if I owned any boats or planes. By the third time I said no, she did seem quite disappointed.

Mike

Having provided marketing for a few attorneys this seems to be the norm. We would use high fee quotes to weed through inquires looking for those with the most potential/ability to pay.

Reply With Quote
 
  #38 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,220 received


tturner86 View Post
Having provided marketing for a few attorneys this seems to be the norm. We would use high fee quotes to weed through inquires looking for those with the most potential/ability to pay.

I am ready to pay. Just not ready to be ripped off. In this case, if that was their tactic then they lost my business. If I could add a zero to the end of my net worth then it would matter less, and I guess that is part of the problem. Most of the paperwork they are doing would be identical regardless if your net worth is 5M or 50M. So they choose to target the upper end of that echelon, and of course at that point their fee seems more reasonable to some.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #39 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,782 since Sep 2013
Thanks: 9,848 given, 11,155 received
Forum Reputation: Legendary


Big Mike View Post
I am ready to pay. Just not ready to be ripped off. In this case, if that was their tactic then they lost my business. If I could add a zero to the end of my net worth then it would matter less, and I guess that is part of the problem. Most of the paperwork they are doing would be identical regardless if your net worth is 5M or 50M. So they choose to target the upper end of that echelon, and of course at that point their fee seems more reasonable to some.

Mike

I'm sure you are correct. Also the attorneys I worked for were criminal defense attorneys. So I am sure there is some difference there. (They are not dealing with the most trust worthy people.)

I no longer provide services to attorneys. There is a reason why. That is all I will say.

Reply With Quote
 
  #40 (permalink)
Elite Member
Brussels / Dublin
 
Futures Experience: Intermediate
Platform: ninjatrader
Favorite Futures: Stdev + 2
 
Posts: 467 since Jun 2010
Thanks: 842 given, 592 received



Big Mike View Post
Perhaps, but I generally try to avoid large corporations.

Mike

I do understand that however I'd be inclined to believe the bigger corporations would get it setup right in terms of keeping there reputation intact. I cannot see it costing too far north of 10 to setup even with big corporations.

Reply With Quote

Reply



futures io > > > Offshore Banking and Asset Protection, Offshore Trading

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Microsoft avoids $30billion in taxes by keeping $93billion offshore kbit News and Current Events 0 August 23rd, 2014 11:33 AM
Senate rejects GOP bill to expand, speed up offshore drilling kbit News and Current Events 0 May 19th, 2011 12:59 PM


All times are GMT -4. The time now is 08:01 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.11 seconds with 20 queries on phoenix via your IP 54.234.255.29