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Vegas Wealth Builder Part III

  • #21
  • Mar 9, 2006 1:43pm Mar 9, 2006 1:43pm
What can I say guys, I am all with Vegas here. I am all for keeping my money away from the tax office's claws (I worked my ass off for that wealth, so only I should benefit from it, period) and away from disgrunted ex-wives trying to get a free ride on money they did nothing to earn.

I worked for it, I do what I please with it. That's my motto.

Kudos to Vegas for having figured it out.
  • #22
  • Mar 9, 2006 1:46pm Mar 9, 2006 1:46pm
Yeh Vegas is great person!


I have benefited from his system, and it was free

So my advice is: take all that is free and that is not if it will bring benefit to you

I am getting on well,
I have not join James16 group yet, but I respect them all and I think they rock will join as soon as my system has generated drawdowns


How are you diall

I missed you man
kiss the trend
  • #23
  • Mar 9, 2006 1:58pm Mar 9, 2006 1:58pm
Just a reminder to all that the forum supports an "ignore" list. To use it, first click on a username, then select "View Public Profile" from the pop-up menu, and finally click "Add [username] to Your Ignore List" on the resulting screen.

This has been very helpful in the VWB threads by filtering out a lot of the noise from the more valuable content provided by Vegas.

Quoting diallist
The arguments in this thread stop now!
  • #24
  • Mar 9, 2006 2:31pm Mar 9, 2006 2:31pm
5minutestudent [and everybody who thinks like him],

So, you now know what I think, and you ramble on with hypotheticals that have nothing to do with anything. Let me make it a little clearer for you, 5minutestudent, in case you didn't pick it up the first time. When you know absolutely nothing about a subject matter, why would you weigh-in as if you can intelligently discuss it?

Diallist, please let him ramble on. Let him say whatever he wants. First, he starts out with gov't links, Marc Rich, etc. Now that I have addressed those, he comes back with civil war, nobody speaks English, etc., etc. What's next, personal attacks?

I guess you don't believe me when I say that ALL of the legitimate issues you raise in ALL of your posts has been covered, and that they DO NOT pertain to anything I say in the file. For example if you, 5minutestudent, have a bank account in Belize then of course you have to report it to the US Gov't. But that fact has nothing to do with VWB III. Same with all the other facts you throw out.

Now, if you don't want the info, then don't get it. It's your problem, not mine.
vegas
  • #25
  • Mar 9, 2006 2:42pm Mar 9, 2006 2:42pm
We are all here to make money, to lear to make money from those who allready made. If somebody thinks that he has nothing to learn from here, that he knows better, he's to smart for people here... can find other forum, orher sites.
If you have an ideea and you think is good, just say it, let us know, don't try to make the absolute truth from it, you may be wrong...
Debate, don't argue, we are all smart, but we can't know everything... nobody expects
Try hard, think fast, die young
  • #26
  • Mar 9, 2006 2:44pm Mar 9, 2006 2:44pm
Quoting chartmonkey
I'm gonna chime in once more. And Vegas I'm sure you know more about the tax side of it than I do - as well as how to actually set up the trust, etc. What first got my attention was in your original post you mentioned hiding cash from the wife. I do happen to know a "little" about offshoring. I know more about divorces - and being sued for divorce in a civil court is much different than being sued by the IRS.

Here is my take on this - and please correct me if I'm wrong. This has nothing to do with the IRS. Lets say for instance that Mrs Vegas knows you've got an offshore account. Lets say that some of your mutual friends also know this. They know it because you've told them or they've heard you talk about it. Now lets say Mrs Vegas decides to take the kids and run and oh by the way she wants half of the million bucks you got stashed in Belize.

So she sues you for divorce in civil court. All Mrs Vegas has to do is convince the judge and jury that you've got money hidden off shore. Its important to note that she does not have to proove it. She just has to make them think that it's likely. If she gets mutual friends to testify to this thats gonna go a long way. If she can show that the house you live in or the car that you drive or the IRA you put money into are also owned or managed by an offshore trust... well that's gonna look bad too. Granted it's not PROOF. But when a jilted wife with kids is crying on the stand she don't really have to proove anything. She just has to convince a judge/jury that it's likely and they will rule in her favor and you will have to pay her. The sad part is that you will have to pay her even if you really dont have the money.

So back to my original posit - if you are going to have an offshore account do not tell anyone about it - especially your wife.

Anyway I'm not trying to blast you or anything. I'm all about keeping as much of my money outta Uncle Sams hands as I can. But the rules (and even the law) don't always apply when divorces are concerned.

Hmmmm. Do I sound bitter? ;-))

Later guys,
cm
chartmonkey,

Sorry pal, but you are in serious error.

I want to make this crystal clear. Nowhere have I said anything about "trusts", or "hiding cash from the wife". Keeping assets away is not the same as hiding. There is a big difference. Be very careful how you interpret things.

I happen to be an "expert" in divorce as well. This knowledge would have saved me millions if I had had it in place at the right time. I didn't and it cost me bigtime. If I had done everything in VWB III as I outline, things would have turned out a lot differently.

Of course, why would anybody tell anyone about their personal financial affairs. It's simply nobody's business. Whether it's offshore or not is beside the point.

Cheers.
vegas
  • #27
  • Mar 9, 2006 2:46pm Mar 9, 2006 2:46pm
If you go to borders, you will find lots of books like 'how to pay zero taxes'. The authors of those books do not sell ways to avoid taxes but to plan so that you never pay taxes legally.

My opinion about VWB III is, if you are seriously looking for ways to plan your taxes from trading, you could give a try on this. If this is not legal by anyway, I doubt Vegas would be the last person to reveal that since he says he is doing that.

So let's keep positive attitude towards flow of useful information, digest the info and make decisions the way you want..

Shan
  • #28
  • Mar 9, 2006 5:30pm Mar 9, 2006 5:30pm
Geez what a war here...

Well let me think, I have been doing my taxes for years and I use every possible legal opportunity to reduce my taxes or pay less, it is ethical and legal and the Govt allows you do this as far as it is legal. Now I really want that dam document, but I'm just not there yet trading to make it worth my while right now so if I make it big time someday you bet I'll come looking for you of course you will charge me lot. Is the Document for mainly US citizens.

I have a wife of 26 years and we are doing great always have been also have two kids in College and I am very happy to help pay every dime I can to help my kids through college even though it comes straight out of my paycheck. I try and take advantage of every tax break I can get my hands on, it is hard enough from what they take out of my check anyway.

Vegas you are right the Govt will take an interest in you like we take an interest in a certain red fib lines on the daily, once they know you have lots of money. I have two brothers who hit it big in construction and you really have to plan and have ways to keep your money from what I seen. Say one of them invested in Munity Bonds with the local County at 10% awhile back and he pays no taxes on the income and this is On shore tax free income. He also set up a trust for his two kids so they could not draw money until a certain age because he did not think it in their best interest to drown them in money at such an early age he wanted them to learn to work and go to school first.

I do remember when we were building Waterfront Condo's the various Govt's was always there wanting a fee for this a fee for that, want you to put in new roads a stop light a fire hydrant and the list goes on and on, and even the contractors would sue for something. Then when the owners took owner ship of the codo's or houses there was always one owner somewhere which find some little defect they would sue sue over. Eventually the two brothers just shut down took their millions bought a farms and retired. We live in a crazy world.

I have 9 brothers and I'm not one of the ones who made if off big and that is what I am working on and hope to keep what I get.
  • #29
  • Mar 9, 2006 5:53pm Mar 9, 2006 5:53pm
Quoting lambrechtj
Geez what a war here...

Well let me think, I have been doing my taxes for years and I use every possible legal opportunity to reduce my taxes or pay less, it is ethical and legal and the Govt allows you do this as far as it is legal. Now I really want that dam document, but I'm just not there yet trading to make it worth my while right now so if I make it big time someday you bet I'll come looking for you of course you will charge me lot. Is the Document for mainly US citizens.

I have a wife of 26 years and we are doing great always have been also have two kids in College and I am very happy to help pay every dime I can to help my kids through college even though it comes straight out of my paycheck. I try and take advantage of every tax break I can get my hands on, it is hard enough from what they take out of my check anyway.

Vegas you are right the Govt will take an interest in you like we take an interest in a certain red fib lines on the daily, once they know you have lots of money. I have two brothers who hit it big in construction and you really have to plan and have ways to keep your money from what I seen. Say one of them invested in Munity Bonds with the local County at 10% awhile back and he pays no taxes on the income and this is On shore tax free income. He also set up a trust for his two kids so they could not draw money until a certain age because he did not think it in their best interest to drown them in money at such an early age he wanted them to learn to work and go to school first.

I do remember when we were building Waterfront Condo's the various Govt's was always there wanting a fee for this a fee for that, want you to put in new roads a stop light a fire hydrant and the list goes on and on, and even the contractors would sue for something. Then when the owners took owner ship of the codo's or houses there was always one owner somewhere which find some little defect they would sue sue over. Eventually the two brothers just shut down took their millions bought a farms and retired. We live in a crazy world.

I have 9 brothers and I'm not one of the ones who made if off big and that is what I am working on and hope to keep what I get.
lambrechtj,

No war. Maybe a hidden agenda, but that's not my problem. Anyway ....

All the things you mention above I've done and experienced, except not in the construction industry. No, VWB III is for anybody, not just high income/high asset people. What's high income? Well, it's 10K to some guy in Somalia. It's all relative. It depends on the priorities an individual places on his finances and affairs. When I was in college, I couldn't have cared less about this stuff. Go through a divorce totally unprotected and see how you come out the other end after it's over.

I have friends who were big S&L executives in the late 1980's. They were financial bigshots who poo-pooed any idea they were at risk of anything. When the Savings and Loan crisis hit they got named as the "deep pockets" in civil lawsuits. One guy now manages a Burger King. What do you think he's thinking about every day of his life?

How about doctors who get named in bogus medical malpractice suits? How would you like to spend 10 years in school so some schmuck can sue you for not taking an X-Ray of his sprained ankle?

I could go on forever with this stuff. The biggest problem most people have is that they can't see it happening to them. This is a problem for everybody else. It's like in trading. Put most people in front of a trading screen and they can't help themselves but push buttons and trade. No discipline, but when did that ever matter?
vegas
  • #30
  • Mar 9, 2006 6:45pm Mar 9, 2006 6:45pm
Damn f@cking right Vegas, and this comes from another "expert" in the divorce affair....
  • #31
  • Mar 9, 2006 10:16pm Mar 9, 2006 10:16pm
Well you know there is some light at the end of the tunnel at least for me there is. Just to let you know I'm 47 I have a younger brother Greg who is 3 years younger and my youngest brother who is 36 now. Greg and I used to run a business a wholesale flower business sold roses at 7/11 in 5 states. I ran the computer part and the finances of the business. Business was good for awhile we imported roses from South America and Calfornia and were grossing 5 mil a year or so and expenses were to high so most of us just got regular salary and I worked during the day as a regualar corp stiff on computers at an Insurance Co. Anyway as we ran this busisness guess what the Govt came day after day and the wanted us to provide them an office when they came what did they want they came in with a calculator and wanted to see all sales receipts to look for extra tax money same old story they always there. Eventually this business went public then went broke and lights went out. Wifes dad ran an RV business same story agent there looking for revenue.

My youngest brother I used to give him what ever I could while I was raising a family of my own and he was in college well he turned out to be a lawyer and married a lawyer. I also taugh him math when he was just in elementary school. His wife does estate law and wills and draws up business contracts etc. My brother is a trial attorney for mainly for corps and also from my prior brothers contacts is in a lawyer for product liability in the construction industry. He is not involved with investments in stocks or what ever he is pure lawyer. His biggest client is Warren Buffett he takes care of all his business of the western United States of what ever companies he owns in that region. So I'm hopefull that I will have my back coverd in the future.

Now of course I'm just a corp stiff and I'm getting older and would like to get out a little early and I am hoping Vegas is going to continue with the signal services and show me the way and how to trade and provide pointers here and there on trade entry and exits, I did learn a couple things from the last signal service trades and the comments afterward. Just looking at the charts and the concepts of the tunnels and fib lines blows my mind on how accurately the prices hit the fibs.

In the end how much money you can get to enable you to live and be at peace with your spirit is all that matters.

I would like to be able to wake up when I want and do what I want.

I hope everyones motives on this forum are trading related and anything related to keeping what you earn.

If you have not read the vegas 3 document then my reocomentation is to keep your mouth shut since you have no idea what is in it, or even what you are talking about is totally in your imagination up to this point until you read that document shut up now and start trading.
















Quoting vegas
lambrechtj,

No war. Maybe a hidden agenda, but that's not my problem. Anyway ....

All the things you mention above I've done and experienced, except not in the construction industry. No, VWB III is for anybody, not just high income/high asset people. What's high income? Well, it's 10K to some guy in Somalia. It's all relative. It depends on the priorities an individual places on his finances and affairs. When I was in college, I couldn't have cared less about this stuff. Go through a divorce totally unprotected and see how you come out the other end after it's over.

I have friends who were big S&L executives in the late 1980's. They were financial bigshots who poo-pooed any idea they were at risk of anything. When the Savings and Loan crisis hit they got named as the "deep pockets" in civil lawsuits. One guy now manages a Burger King. What do you think he's thinking about every day of his life?

How about doctors who get named in bogus medical malpractice suits? How would you like to spend 10 years in school so some schmuck can sue you for not taking an X-Ray of his sprained ankle?

I could go on forever with this stuff. The biggest problem most people have is that they can't see it happening to them. This is a problem for everybody else. It's like in trading. Put most people in front of a trading screen and they can't help themselves but push buttons and trade. No discipline, but when did that ever matter?
  • #32
  • Mar 10, 2006 3:21am Mar 10, 2006 3:21am
Hi Vegas...
It is great to have you in this forum...
You have inspired me with your trading system, and I think you are really generous to disclose it free of charge.

You inspired me again with VWB III, although I haven't got it yet from you. But in your initial post about VWB III, you kept me thinkin'. I'm here not to argue with anybody, but I think Vegas is right, I need to protect my money!

I just bought books "Hide Your Assets and Disappear" by Edmund Pankau and "Asset Protection: Concept and Strategies for Protecting Your Wealth" by by Jay Adkisson, Chris Riser, Jay Adkisson, and Chris Riser...
I just bought them a couple weeks ago but don't have time to read it yet. Still busy with trading. What do you think about this books, Vegas? I think maybe you have read them or books relating on that matters.

I remember that Robert Kiyosaki once said that rich people get richer not just they have great business, but they also can avoid high rate of taxes from their income.

Just want to let you know, I'm not living in US, but I think the problems remain the same. (with tax, government, etc).

I look forward for your comments.

Regards,

Jan.
  • #33
  • Mar 10, 2006 7:27am Mar 10, 2006 7:27am
Quoting Blast234
Hi Vegas...
It is great to have you in this forum...
You have inspired me with your trading system, and I think you are really generous to disclose it free of charge.

You inspired me again with VWB III, although I haven't got it yet from you. But in your initial post about VWB III, you kept me thinkin'. I'm here not to argue with anybody, but I think Vegas is right, I need to protect my money!

I just bought books "Hide Your Assets and Disappear" by Edmund Pankau and "Asset Protection: Concept and Strategies for Protecting Your Wealth" by by Jay Adkisson, Chris Riser, Jay Adkisson, and Chris Riser...
I just bought them a couple weeks ago but don't have time to read it yet. Still busy with trading. What do you think about this books, Vegas? I think maybe you have read them or books relating on that matters.

I remember that Robert Kiyosaki once said that rich people get richer not just they have great business, but they also can avoid high rate of taxes from their income.

Just want to let you know, I'm not living in US, but I think the problems remain the same. (with tax, government, etc).

I look forward for your comments.

Regards,

Jan.
Jan.,
I have not read the books you outlined in your post, so I can't comment on what the authors have to say. I would say, though, that these types of books should only be used as a first step in the consideration of arranging your affairs in another jurisdiction. They should help you with general ideas and strategies, but that's about it.

Everybody should have enough common sense to ask the tough questions about offshore ideas and strategies. Things like cost; annual maintenence; safety, security. privacy and anonymity; the business and legal environment; the relevant legislation of goverment; how much control over things do I have?; is this something that is going to help me financially in the long-run?; can this really protect my finances?; what are the downsides to my strategies?; finally and most importantly, is there anything that I do [or am considering] that is going to get me in trouble with goverment?

These type of questions you have to ask and answer for yourself. You cannot trust others to do that for you. Do not trust my word, or some lawyer, or some offshore incorporation specialist. Once you have relevant information, research the information on your own and become satisfied that it is correct. If you do this there will be no surprises awaiting you.
vegas
  • #34
  • Mar 10, 2006 8:31am Mar 10, 2006 8:31am
Everyone,
I would like to elaborate a little bit on something I touched on at the very end of my last post to Blast234.

You should be smart enough, and disciplined enough, to not get sucked in by the "allure" of the offshore principle. Believe me, I know how strong the urge is. But you have to be able to think things through. I use 2 guiding principles.

1) Can I understand what it is I'm going to do, or do I need a dozen lawyers to explain everything? If you can't see it in black-and-white with your own eyes with your own brains telling you it's OK; then don't do it. Trust your instincts.

2) If anybody tells me anything along the lines of, "it's OK, you don't have to file that goverment form because nobody is ever going to find out you're here", then I am not interested.

Then, and don't take anybodys word for it, go do your own independent research. Hey, it's your money - take an interest in its welfare. If you are satisfied with what you find, then make your move.
vegas
  • #35
  • Mar 10, 2006 3:16pm Mar 10, 2006 3:16pm
This is an interesting thought... Vegas has given his knowledge and guidance for free and this is the first time that he has asked for a fee and the mood seems to change.

I wonder if the people who are attacking him would if his VWB III was also free?

Just a thought....
  • #36
  • Mar 10, 2006 5:33pm Mar 10, 2006 5:33pm
I've been demoing VWB I/II for a while now and every single trade I've taken I've either made pips or came out even.

With that being said, I plan on going live in about month, once I get a few more demo trades under my belt and the first thing I'm going to do with any profits I make trading the Vegas's model is purchase VWB III.

Nuff said.
  • #37
  • Mar 10, 2006 6:21pm Mar 10, 2006 6:21pm
Quoting Neilg36
This is an interesting thought... Vegas has given his knowledge and guidance for free and this is the first time that he has asked for a fee and the mood seems to change.

I wonder if the people who are attacking him would if his VWB III was also free?

Just a thought....

If it was free ... there would be less attacks. When it comes to money .. evilness and negativity takes over.

Vegas is offering me a way to protect my money and I will try it. The fee for the 3rd document is a way for me to pay him back... that's how I look at it. I hope to learn how J.D Rockefeler protect his money and keep it safe for future generations.
  • #38
  • Edited 2:33am Mar 11, 2006 1:54am | Edited 2:33am
All I have to say to people that dont see the benefits in having assets off shore to properly protect them is all the best as we are not all bound by the same limitations so if done properly it can protect me from many things that are out of my control I am all for it. So Vegas thanks for the information that you have given to us for free or not and i hope to see anything else you can offer that will make my trading life that much easier and help me to keep my profits!!!!!!!

Thanks Vegas for all your time and effort.
  • #39
  • Mar 11, 2006 2:33am Mar 11, 2006 2:33am
I wholeheartily agree with nitman on this one. I am looking at this as a way to show some appreciation to a man who has gone out of his way to help one hell of a lot of us and asked for no recompense. I am more than happy to subscribe to the VWBIII document and if it has no value so be it. But I kinda have a sneaking suspicion that the information in this document will be just as valuable as the other documents that this man has produced.
Thanks Vegas for all your efforts I for one do appreciate your help.
Dubya
  • #40
  • Mar 11, 2006 7:20am Mar 11, 2006 7:20am
Quoting Anpar
the first thing I'm going to do with any profits I make trading the Vegas's model is purchase VWB III
That is actually a valid point of view, and I will follow it too myself.
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