Investments questions

[wrong hole]

Lol. Sorry. Where do I say I got the money from? Lemonade sale?

V.

You can always do 'voluntary disclosure' and pay the taxes without penalties.....this way you can get back on the grid, build up your credit, be able to own property and ponies

....or you can take the money....fly to Zihuatanejo....buy or build a sail boat and set sail in search of spices and girls with 3 boobies....and follow knowlege like a sinking star

or you could go to any bank....open up an 'Getting Started' account....then ask for term deposit and GIC rates....pretty easy to put money in a term deposit

they won't ask where the money comes from....the gov't will if it shows up in their grid....and that's where you decide....your course of action

or you can give it to me

 

[MuffinMuncher]

All of you are forgetting one thing.....

this business is a cash business and thats what she needs the help with more than anything. So unless you know how to handle it, I suggest you keep your advice to yourselves.

You're getting awfully territorial.

Cash is cash, she can make regular deposits in any savings or checking account. Then, as it accumulates, decide how she wants to invest it. I agree that it makes very good sense for Vanessa to get professional investment advice so that she can protect her earnings and plan for her future.

 

[Sargon]

.....they won't ask where the money comes from....

I may be wrong but I believe that the bank might ask Miss V. about the source of funds if she deposits a large amount of cash (I believe it is equal to or greater than $5000.00).

 

[Esco!]

I may be wrong but I believe that the bank might ask Miss V. about the source of funds if she deposits a large amount of cash (I believe it is equal to or greater than $5000.00).

Last I heard the cutoff point was 10 grand

VV, just tell them you're a stripper
Strippers always deal with cash only

 

[DateMasamune]

National Bank offers:

Multi-managed GICs

Active management GICs

Index-linked GICs

Multifund GICs

(wink wink hint hint)

...... Wanna meet for dinner? I will give you a good rate! Plus, it will help me meet this month's quota too ...

 

[danmand]

Last I heard the cutoff point was 10 grand

VV, just tell them you're a stripper
Strippers always deal with cash only

It is nominally $5,000 but the bank teller is required to ask if the amount is "suspicious".

 

[stang]

Did someone say strip bonds?

 

[Esco!]

Did someone say strip bonds?

Did someone say strip?????????

 

[scubadoo]

Vanessa this is a serious issue and I think you'll want to listen to Sheik.

Some of the stories I've heard at work of people doing strange things without knowing they are leaving a pretty good trail for people to follow.

Just my $0.02.

 

[FunSeeker27]

Ok, the so-called amount is officially $10,000 although Banks are required by law to ask the source of funds if they are indeed suspicious - i.e. several deposits of say $4,000 over a few days, or an account that has never had any money in it all of a sudden depositing $7,500 These would be verified by the CSR.

As for investing, there is a whole new ballgame there. If the funds are already in a bank account, then they are not going to ask where the funds came from (since there already in the account) And for the types of investments, it depends on the amounts, when you're going to need the funds, etc.

Vanessa, check your PMs

 

[CaseOne]

Deposit$9,999

The feds cant ask you where it came from...

ITS TRUE I SAW IT ON THE SOPRANOS