My Age of Investment

Is this teaching me what to do?

Xia Jingxing was a little amused, is this brother trying to fool himself into lame or something?

Liu Hai cracked a big talk, but the other party just nodded and didn't speak, which made him feel a little boring.

If it weren't for the fact that this month's performance hadn't reached the standard, he wouldn't want to drag passers-by around like a clown.

But he couldn't, thinking about life, thinking about the pile of credit card bills, rent, utility bills, he couldn't lose the job.

By observing Xia Jingxing's clothes, he concluded that this brother should be from the mainland, and he is not very rich.

But you can open an account and deposit $500!

He doesn't despise it.

"Manager Liu, I'm an international student and I haven't obtained an SSN account yet. Can you open an international account?"

Xia Jingxing couldn't bear to tease this buddy any more, so he directly showed his cards.

US stocks are divided into domestic accounts and international accounts.

For mainland investors who open an account with an ID card, the mainland address that is also filled in the account opening information is an international account.

International students are a little embarrassed. They have passports and SSN accounts, and are generally directly classified as "domestic investors".

The two accounts are very different.

For international accounts, due to the reciprocal tax reduction agreement between China and the United States, Chinese people who invest in US stocks do not need to pay capital gains tax on the profit from the spread. Only dividends and dividends need to be taxed to the US Internal Revenue Service.

International students who are not naturalized in the United States, but live in the United States for 183 days in a year, directly become their tax residents.

International students who speculate in U.S. stocks are required to pay capital gains tax.

Holding stocks for more than one year counts as long-term capital gains and is taxed at 15%;

For less than one year, the short-term capital gains tax rate is 30%.

International students have passports, SSN accounts and ID cards, and can choose to apply for international accounts in US stocks.

This operation is actually tax evasion.

The premise is that the amount cannot be huge and does not attract the attention of the tax bureau.

Xia Jingxing didn't hold out much hope. After all, the tax bureau had a good reputation, and few companies dared to take advantage of this kind of loophole.

Otherwise, there would not have been so many brokerages rejecting his request just now.

Liu Hai didn't speak, his expression was rather solemn, so he looked at Xia Jingxing repeatedly.

Shouldn't it be an undercover agent sent by the IRS?

"You come with me!"

Liu Hai put away his hippie smile and solemnly invited Xia Jingxing to the store.

The expression on Xia Jingxing's face was very exciting.

Entering a reception room, Liu Hai poured a glass of water for Xia Jingxing and sat down.

"Do you really want to open an account to trade in U.S. stocks?"

Liu Hai looked at Xia Jingxing very seriously, not letting go of any subtle expressions on the latter's face.

Seeing the cautious look of the other party, Xia Jingxing actually understood that the IRS was notorious, and there was nothing wrong with being careful.

"Yes, I'm not kidding."

Liu Hai thought about it and said, "I take the liberty to ask, can you show me your passport and visa?"

Xia Jingxing looked at Liu Hai in surprise, is he going to check the household registration?

With a wry smile, Liu Hai knew that the other party would be thinking crooked.

Their company has special training, the purpose is to prevent the IRS from grabbing the tail.

But these are inconvenient to explain to Xia Jingxing.

If Xia Jingxing didn't show the documents, he would not ask for this performance because he couldn't take this risk.

Seeing the other party's serious look, Xia Jingxing thought for a while, and still took out his passport and visa and gave it to the other party, he also had no other options.

Liu Hai took the passport and looked at it carefully.

Name, gender, nationality, date of birth, place of birth, place of issue, issuing authority, issue time and validity period, entry records... None of these key pieces of information were missed.

After reading it, his whole expression relaxed.

It has only been two days in the United States, so it should not be undercover, and the transaction can continue.

"Do you have relatives on the mainland?"

Xia Jingxing nodded.

"The best way is to use the information of your relatives in mainland China to open an account, open an international account, tax-free."

After confirming that Xia Jingxing was not at risk, Liu Hai became talkative again.

He explained to Xia Jingxing: "Many Chinese here are investing in stocks like this. They avoid taxes reasonably, and no one can fault it."

Xia Jingxing shook his head violently, this is not a good thing, doing it like this would be a slap in the face.

If his mother knew that he took the money to speculate in stocks, he would have to come to the United States.

Still too young to prove myself, my parents are always worried.

Liu Hai pondered for a moment, and then said: "In this case, just use your ID card to open an account, and it shouldn't be a big problem to make small troubles.

If you do get a tax bill, you can honestly pay your taxes. "

Xia Jingxing thought for a while, if he really received the tax bill, he really could only admit it.

"Okay, wait a moment, I'll prepare the materials for you."

After speaking, Liu Hai ran out in a hurry, and soon brought a pile of paper materials.

Xia Jingxing looked at it and said, "I don't want to open a cash account, I want a margin account."

The bangs are so open that they can almost fill a golf ball. Is this a misunderstanding?

I thought it was a small fish, but I didn't expect it to be a tiger shark.

"Brother, the risk of margin account is not low, and the minimum financing is 2,000 US dollars."

Liu Hai reminded, "If you are a novice, I suggest to familiarize yourself with the market before considering further investment."

These remarks made Xia Jingxing admire this man with a mid-point comb.

Generally speaking, the income of stockbrokers is linked to the income created for the company.

Xia Jingxing opened a margin account, which is also known as “margin financing and securities lending” in China, commonly known as adding leverage, which is to generate interest income for securities companies.

The more money Xia Jingxing made, the more leverage he increased, and the more Liu Hai, a stockbroker, earned.

It seems that not all those who wear traitor's hair are bad people. In the future, we can no longer judge people by their appearance, which is too superficial.

"It doesn't matter, I have already thought about it clearly, and I also understand some US stock trading rules. You can do it according to my requirements."

Liu Hai nodded, no longer persuaded, just do his duty to inform.

After filling out the account opening information, Liu Hai began to ask Xia Jingxing how to deposit money? Do you have a US bank card?

Xia Jingxing answered one by one.

"Mr. Xia, how much do you plan to deposit?"

Liu Hai no longer called one brother at a time, and began to talk about business.

"$35,000, how much can you allocate?"

Xia Jingxing raised his eyelids and asked.

Liu Hai didn't seem particularly surprised. After all, this brother has to increase leverage, and it is not very outrageous to spend tens of thousands of dollars to play in the stock market.

"For your situation, our First Securities can provide a 1:1 allocation."

Xia Jingxing nodded, "Yes, that's enough."

He only knows the long-term trend of NetEase's stock price, specific to the monthly and daily trend, but he really doesn't know.

Come to the highest leverage of 5 times, and if the drop exceeds 20%, the position will be liquidated, and you will cry without tears.

With 2x leverage, as long as NetEase's share price does not fall below $1 again, there is no risk of liquidation.

The first pot of gold still has to be stable and cannot be waved, because there is no capital for waves.

The support the family can give him is just this one time, so be sure to take good care of it.

"The annual interest rate of financing is 6%, and the interest is calculated on a daily basis."

Liu Hai gave Xia Jingxing a detailed introduction to the warning line, closing line, and various rules for margin account trading.

Liu Hai brought another laptop and taught Xia Jingxing how to use the computer to operate stock trading.

"Because our company was founded by Chinese, we have a Chinese interface and Chinese customer service, which is also a major feature of our company."

Xia Jingxing nodded.

In his previous life, he had also heard of the big man surnamed Liu. He had worked as a senior executive in Merrill Lynch and Solomon. In 1985, he founded First Securities on his own, and has a great reputation among Chinese investors and the community.

is a character!

"Our company's website was launched in 1997.

At the time, not even the major US brokerages had their own websites. "

Liu Hai said proudly: "We can definitely be called the pioneer of the financial industry in the United States, the first to combine network technology.

In the past, traditional brokers used telephone transactions and placed orders manually, but we can directly realize online transactions. "

Xia Jingxing coughed, this old man was talking too much.

Liu Hai smiled, realizing that he had committed his old problem again, and quickly focused on the operation of the website.