41

You are currently in a phase of your life where you have a couple hundred € per month you can experiment with freely without hurting yourself too much. If you want to invest the money in stocks, you will likely soon realize that you don't actually have a knowledge which is as deep as you think. The stock market is the world's largest gambling den. Lots of ...


18

There are a few concepts I think you should be very aware of as you look at what to do with your money. The first is the concept of utility. What is utility? Think of it as a unit of happiness. If I have 1€, that might give me 1 utility. If I'm hungry and I use that 1€ to buy a sandwich so that I can stop being hungry, that might give me 2 utility. It's a ...


11

My apologies if I missed this point in the other answers, but YES, this is an especially great time to invest from one common baseline consideration. Compounding interest is better and better the longer you have. While technically, most of the investments you might consider grow by means other than interest, the principle holds. Money made that is kept or ...


7

When you link your bank account, you give approval. There's no specific approval because you've already given approval.


7

Assuming that all debts were paid, [...] As an owner of the company, would I be able to keep the devices as my own property? What could happen to me if I kept them for myself? spain When the company is terminated and assets are enough to pay debts, remaining assets are distributed among shareholders according their share quotas. If new debt arises after ...


7

Since other's have covered how badly you can lose on the stock market, I'm going to skip that part of your question and cover something I know quite a bit about, investing in yourself. College No, I'm not going to tell you that you have to get a degree, but taking college courses are a good way to learn. There are plenty of places that'll let you take ...


6

In Canada, there is no gift tax. You can freely give a gift to your parents, and it will not even need to be reported to the government. They will be able to simply contribute their funds to their business in whatever way makes the most sense to them [this isn't relevant for you, just for them]. This assumes you are older than 18; younger than 18, there may ...


5

When a company shutters with excess assets after paying debts, the shareholders get to decide what they wish to do with those excess assets. If there are many shareholders (or even just one shareholder who insists on getting an exact fair share), the excess assets would likely be sold to the highest bidder or written off. If you really want the antique ...


3

The U.S. Customs and Border Protection collects tariffs. There is a complicated process for them to determine the category a product fits in, and then they invoice the importer for any tariffs duties, or fees. Filing a formal entry (for goods valued at $2500 or more) No more than a week before the expected arrival of your goods in port, or no later ...


3

No, a bank branch will not open an account for you in a different state. Each state has significant local law and regulation, and a banker in CA is very unlikely to hold credentials for AK. However, they probably will act as a customer service agent for a remote branch in the correct state; the remote branch will be making all the decisions (or submitting ...


2

Tax returns are not public information. You can't see the tax returns of another person or corporation without their permission, and they can't see yours without your permission. (source) If you can get the other party to sign a Form 4506-T then the IRS will provide you with a transcript of their tax return.


2

You get what you pay for. The more you want to hide the connection the more expensive the setup. If you setup a shell corporation, but use as a mailing address an address that is associated with you, finding the connection is trivial. The more you are willing to pay, the more complete the masking is.


1

Here are my 2 ct, mainly in addition to what Philipp and NegativeFriction write. At some point you mention €, so I assume you are in Europe. Compared to the US/North America, this means your chances to learn/study a professin without going deeply into student debt are great. You'll probably not need to reserve most/all of your money for tuition fees. As ...


1

If I were you, this is what I would do. I would get familiar with different types of investments (cf. bibliography) and in parallel, I would build up a vision of what I want / would like / need in my life. In a nutshell, the type of investment depends also on the growth and timing you want with your money. Typically high risks involves potential high ...


1

A person who meets the IRS definition of a full time trader can apply for Trader Tax Status and receive many business tax breaks like deduction from gross income of business expenses, employee benefit deductions for retirement plans, health-insurance premiums, MTM tax treatment (no wash sale limitation), etc. Hence, such a full time trader would be ...


1

One reason to open a "business" account: your bank's terms and conditions may require you to do so. For instance, from Bank of the West's Personal Checking account page: Regular Checking A non-interest bearing checking account for personal use, with no service charges and no transaction limits. and from their Business Checking account page: ...


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