Within the past 3 months I have quit my real world job and became a day trader in the US stock market. I have to admit that this is not an occupation for the faint at heart. I have good days and bad days, but for now I am ahead of the game.
Like any other occupation I look at it as a job. I spend 3 ? 4 hours at night researching what I will buy or sell for the next day, and then I watch my portfolio (in real time) from market open to market close.
My objective is that if I can remain successful at it I can trade form almost any where in the world including the DR, provided I have access to high speed internet.
My main objective is to use this as an income source rather than trying to increase my total net worth. If I can successfully create an income stream of $4,000 to $6,000 per month I should be able to create a comfortable lifestyle in the DR by using only risk capital.
I do however have some questions.
Would there be any tax consequences from the Dominican government?
How secure is internet data transfer in the DR?
Would it be possible to access my brokerage funds in the DR using only the ATM and Amex. Card provided by the brokerage firm?
Chuckuindy
Like any other occupation I look at it as a job. I spend 3 ? 4 hours at night researching what I will buy or sell for the next day, and then I watch my portfolio (in real time) from market open to market close.
My objective is that if I can remain successful at it I can trade form almost any where in the world including the DR, provided I have access to high speed internet.
My main objective is to use this as an income source rather than trying to increase my total net worth. If I can successfully create an income stream of $4,000 to $6,000 per month I should be able to create a comfortable lifestyle in the DR by using only risk capital.
I do however have some questions.
Would there be any tax consequences from the Dominican government?
How secure is internet data transfer in the DR?
Would it be possible to access my brokerage funds in the DR using only the ATM and Amex. Card provided by the brokerage firm?
Chuckuindy