Investment Company

Investment Company questions and answers

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Q: What kind of investment company is right for me?
I'm doing well in stock market, I would like to open an investment company (home base business). There are many options, but I don't know which one is the best for me. I live in Pennsylvania; I also look for something that allows me to deduct the most from tax.

A: Well Ameriprise and LPL are good options, however you can't just open a investment company with out having the appropriate certification and licenses. Depending on what types of services you will be offering at minimum you will need to because a registered investment advisor to charge a fee for service. If you tend to sell advice you will need to get NASD licenses either 6 or 7 as well as a 65. It would be helpful if you provided some more information on what exactly you are planning on doing though.

Q: Starting an Investment company to buy and sale individual stocks. Does anyone has the experience?
Think about moving personal investment into an Investment company as a starting point. Is there any pitfall for doing so? Any additional tax liabilities? Also, if it makes sense, which state should I register at?

A: I currently manage an investment company. You have to be careful how you structure and run the business so that it doesn't fall into the Investment Company Act of 1040, for which you would need to be certified. Please contact me at nycigllc@yahoo.com and I can provide you with the details as to how we structured and operate our company. Look forward to hearing from you, Brendan Prewitt President, New York Capital Investment Group LLC

Q: What services does an investment company provide to an investor?
If you started an investment company, what kind of services would you provide for an investor?

A: If you're asking from the perspective of a potential investor, its up to you to investigate before you invest your hard-earned money. If you're asking from the perspective of a potential venture capitalist or a person wanting to begin ,an investment company, the BEST way to discover the answer is to ask an investment banker. Before making your appointment, do some on-line research. Make an appointment for lunch with an investment banker and ask a few questions: [Not necessarily in this order] A] Would you please do me a favor? THEN you wait for an answer. When you get the "Yes" or "Sure, go ahead." or an answer in the affirmative THEN you preface or qualify your next Q from the perspective you are interested in finding the answer to. EXAMPLE #1: "I'm interested in starting my own invest company. Would you please tell me everything you know about doing that?" THEN you wait for an answer. After finishing his/her answer, ask, "Is there anything else I should know?" THEN wait for the answer to that Q. THEN ask the Qs which he/she didn't answer or explain to your understanding or satisfaction. THEN AFTER ASKING EACH Q, ALWAYS WAIT FOR AN ANSWER. EXAMPLE #2: "I'm interested in investing my money with q very reputable firm which has extremely reasonable rates. Would you please tell me everything you know about your company - including what y9our fees are and all the fees you have - as well as what my requirements are to keep those fees at a minimum?" THEN you wait for an answer. After finishing his/her answer, ask, "Is there anything else I should know?" THEN wait for the answer to that Q. THEN ask the Qs which he/she didn't answer or explain to your understanding or satisfaction. THEN AFTER ASKING EACH Q, ALWAYS WAIT FOR AN ANSWER. Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name!

Q: what kind of investment company is write for me?
I doing well in stock market, I'm thinking to open an investment company in Pennsylvania. I want to use one of the rooms as home base business. What kind of company is right for me? I am looking for something to allow me to deduct my utilities, rent... from my tax. according to PA tax law I can not write-off anything unless I have a company.

A: But also in PA, you can't deduct a business loss from other types of income, so if you are picturing some huge break on your state taxes, forget it. Plus with the 3.07% PA tax break, all you'd save on each $1000 of deductions is $30.70. If you want to start a business, pick something you'd like and expect to do well at, don't choose something for the potential tax deductions. Especially for PA state tax - the big tax break just isn't there! And on your federal also, home office deductions tend to be scrutenized closely, to see not only that the space qualifies, but that the business is truly a business and you are attempting to make a profit from it, not just something to find tax deductions from.

Q: What kind of software big giant investment company are using?
As a smaller investor like us, we use Scottrade, E*Trade, ING...such such. SO, what about people who has investment company, they have lots of fund, How do they trade the stock market?

A: They build their own software systems. They are proprietary and not available to anyone else.

Q: Is there any special requirements for starting an investment company?
I want to set up a company that I can use to do investment like buying stocks/bonds/real estate etc. I know how to set up a regular corporation like S-corp or C-corp for normal business. Can I use the regular S-Corp or C-Corp for investment? Thanks.

A: You will need to conform to strict SEC, NASD, and state government securities regulations

Q: Is it legal for a investment broker to take the names of his clients to another investment company?
I have stocks with a investment company. My investment broker left that investment company and went to a different investment company to work. He took the names of his clients with him to his new company was this legal? Is it safe to move my stocks to his new company?

A: That depends on his contract with his old employer. It's not against the law IF it's not stipulated in his contract. Otherwise it would be theft of intellectual property

Q: Has anyone heard of the investment company called Primerica?
Is this a scam or is this a real investment company? Has anyone out there invested any money in this company?

A: Primerica Financial Services is a subsidiary of Citi. They market term life insurance, home loans, debt consolidation loans, mutual funds, retirement plans, college plans, prepaid legal service, auto & homeowner insurance, and long term care. As with any other company, the company has to get licenses and approvals from the state and federal government to market investments. Independent agents are required to take the federal exam and pass it before they can talk about or solicit anything in regards to investments. Primerica is a regulated industry, so its definitely a legit company. I personally open my Roth IRA there and I max it out every month. My agent asked me some questions to analyze my risk and from there, he recommended me what mutual funds I should invest in. My portfolio been averaging out around 13% since I first started investing. I think that's a pretty good return.

Q: What investment company has made you rich?
What investment company has made you rich?

A: General Electrics and Brown Boweri.My family(parents,g/parents) had had already factories,shops,etc.

Q: best way to start investment company and get clients?
i trade on the forex market and the returns would be variable between 1% and 200% per month ROI. I am envisioning a large investment company for the small investor that will also provide financial education and retirement plans. I don't know if I scare people away when they hear forex or see the high return amounts and think scam.

A: sorry, i know it isnt an answer,but why take the time to start a company if you are getting up to 200% a month ROI?

Q: I have a cd in a bank if my investment company folds who pays me for my cd when it matures?
My investment company has bought me several bank cds over the years and they have not matured yet. If my investment company who bought me these bank cds goes out of business who pays me my money when the cds mature?

A: If I read your question correctly your investment company is an intermediate party that invested your money into a bank CDs? The banks are the ones that have your CDs and your investment company just brokered the deal. If you are worried if the banks "close" you have to see if these banks are FDIC insured, right now the FDIC insures up to $250,000 per bank per depositor. You can see if your bank is a member of the FDIC by searching the directory on the FDIC's website at the following link http://www2.fdic.gov/idasp/main_bankfind.asp Good Luck! Edit: Reread the post, I made some edits.

Q: Any investment company in USA that I can invest at least $ 1,000 and I will be getting returns every month?
I am residing in Nigeria, but I wish to invest in an investment company that is more profitable and save in US or UK. Where by I will be entitled to monthly returns into my Nigeria bank account.

A: Send me money by Western Union and I will give you 1% interest a day. (How about that -- an American scamming a Nigerian for once, instead of the other way around!!)

Q: Land investment company that gone insolvent,do i get to keep the laND?
will i get anything back? what to do about a company that has gone insolvent because they were in breach of financial service authority, ( im talking about UK LAND INVESTMENTS CO, check their website) we are not protecterd by any statutory legislation as they were unregistered, what do we do? WHAT HAPPens if you have already bought out the land in full and it is freehold, and you have the papers, what can you do, no planning permission on it, but we do have papers that say its ours,.

A: The FSA is unlikely to close down any legitimate business (in fact, they are unlikely to close down any business, no matter how obvious the scam) So if UK LAND INVESTMENTS CO. has been closed down by the FSA, it suggests to me they were simply a bunch of con-merchants .. You should contact he FSA for information .. NB. In UK, 'papers' (deeds) are worth nothing .. to be legally yours, the property (land) has to be in your name at the Land Registry..

Q: Open an investment company - How to take the profits -?
Hypothetical question If one person, like a daily trader can make about 5% profit a month in buying and selling many stocks, decides to open an investment office, wich people would deposit money in his company and he would buy and sell stocks under his business. Let's say he has 10 clients who deposited $100,000.00 in total, and he made 5% profit in one month. It is legal for him instead of earning comission or other fees from customers, get, let's say about 3% of the profits and give the remaining 2% for the clients?

A: I have limited knowlegde on trading and SEC rules but in general business, if I ask you to invest $100000 in me and promise you in some type of contract that I will take 60% (that's what your 3% amounts to) of the profit and you take the remaining 40% that your money will make, there is nothing illegal about that. The 'contract' mentioned above would be some type of prospectus explaing the risk and so forth. You should contact the SEC to find out how to do that.

Q: Advice to start a real estate investment company in Milwaukee, Wi?
would like any advice on starting a real estate investment company in Milwaukee, Wi.

A: Besides the obvious things as legal issues and tax issues, etc. I belive it is a good time to invest in Real Estate. Depends on who you ask, there are always two sides and they will never agree with each other. If you are going to go into real estate investing, you can start out by wholesaling properties or being a finder/bird dog for other investors. This generally does not involve too much risk or too much money. For information on wholesale real estate, you can go here: http://blog.actioninvestornetwork.com/2008/01/wholesale-real-estate.html If you would like to view some wholesale properties posted by other real estate investors, you can go here: http://www.ActionInvestorNetwork.com We have been investing in REO homes with lease options as an exit strategy. For REO home listings by banks, go here: http://blog.actioninvestornetwork.com/2008/01/reo-homes.html Good luck!