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  #1  
Old 04-20-2009, 03:22 PM
Naveen Naveen is offline
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Default Investment Club on H1

Anyone is running or a part of a investment club? Do you have any pointers for someone who is trying to start and run a Investment club while on H1B?
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  #2  
Old 04-20-2009, 03:26 PM
ganguteli
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Originally Posted by Naveen View Post
Anyone is running or a part of a investment club? Do you have any pointers for someone who is trying to start and run a Investment club while on H1B?
You mean chitfund?
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  #3  
Old 04-20-2009, 03:57 PM
Marphad Marphad is offline
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Quote:
Originally Posted by Naveen View Post
Anyone is running or a part of a investment club? Do you have any pointers for someone who is trying to start and run a Investment club while on H1B?
What is investment club?
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  #4  
Old 04-20-2009, 04:11 PM
Bpositive Bpositive is offline
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Default you are free to invest in US stocks

any H1B can invest in US companies - public or private. nothing stopping a bunch of H1Bs to pool money together and invest in US companies.
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  #5  
Old 04-20-2009, 05:42 PM
crazyghoda crazyghoda is offline
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Default

Can you please define "investment club"?

Quote:
Originally Posted by Naveen View Post
Anyone is running or a part of a investment club? Do you have any pointers for someone who is trying to start and run a Investment club while on H1B?
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  #6  
Old 04-20-2009, 07:32 PM
Naveen Naveen is offline
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Default

http://finance.yahoo.com/education/i...lubs_and_Taxes

Please refer the link for full definition of an Investment club. As an individual you can invest and the earnings are reported on a 1099-R and 1099. But when you set up an Investment club it either has to be partnership or LLC or corp and need to have an EIN to report earnings. I am wondering if anyone who has such a club setup and running can share their thoughts -- more like a lessons learned session. Thanks in advance.

Last edited by Naveen; 04-20-2009 at 07:34 PM.
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  #7  
Old 04-20-2009, 11:20 PM
jthomas jthomas is offline
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Post my 2 cents

Quote:
Originally Posted by Bpositive View Post
any H1B can invest in US companies - public or private. nothing stopping a bunch of H1Bs to pool money together and invest in US companies.
Better than having investment funds, we can have money transfer to and fro india. that would be more profitable as well as 100% assured compared to investing in stock markets.

there are few people who wants to get a big chunck of money from india by selling their property and moving permanently in US , whereas they are thousands who wants to send money in India.

I don't know whether this is possible.
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  #8  
Old 04-21-2009, 01:18 AM
Naveen Naveen is offline
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Naveen has a reputation beyond repute Naveen has a reputation beyond repute Naveen has a reputation beyond repute Naveen has a reputation beyond repute Naveen has a reputation beyond repute Naveen has a reputation beyond repute Naveen has a reputation beyond repute Naveen has a reputation beyond repute Naveen has a reputation beyond repute Naveen has a reputation beyond repute Naveen has a reputation beyond repute
Default To all those who gave me red

I belive I have posted this in the appropriate section and I dont see what warrants reds on the post. Atleast explain yourself. Dont be so Juvenile.
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