Chat Has anyone invested money for an MPA before?

[Hangdai]

Fun guy should use his head more often than rather using another head .

I thought his Spa room sub-lease idea was much better.

 

[ppc]

I thought his Spa room sub-lease idea was much better.

Fun guy should learn .don’t mix fun and business together. I will say to him keep those money things away and keep on banging her.

 

[ppc]

Or he should look at Florence yi’s website about buying a property with the client so fun guy know what is going on with this idea. Remember no free lunch.

 

[Hornet]

Fun guy should learn .don’t mix fun and business together. I will say to him keep those money things away and keep on banging her.

Keep Calm and Bang On

 

[OG_funguy]

Other considerations........

If the amount she gives you is large (over $10,000) then any amount of that size hitting your bank account Has to report it to CRA

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www.fintrac-canafe.gc.ca

This could then be taxable income for you.

Also, the nature of the investment is risky and you need agreement on what happens in the case of a gain or loss. Does she understand that if the stock is sold for a loss she’s not getting all her money back? Or does she assume she’s getting all her money back and you are eating the loss on a drop in stock price? Does she understand that there will be capital gains taxes if the stock appreciates in value and that you’d have to deduct that from the money she? Or, does she assume she gets full capital appreciation and you pay the capital gains tax?

In other words, this is just far too messy an arrangement to try to get into. Too many land mines to navigate.

Thanks for the input. "If" I do this, I will tell her we should start small (< $10K). Yes, she is aware that she can lose money and yes, she is aware I have to pay taxes. Like I said in the original post, we will reduce the appropriate amount to determine what she gets back. She's picking the stocks not me, so she can only blame herself if the stock goes down (she knows this).

Some of her customers gave her stock tips in the past which have gone up a lot and she never acted on them so she just doesn't want to miss out again. Regrettably, she told me about those stocks too and I never acted on them either. One stock went from just over $1 to close to $20 now. I was sick seeing it climb and finally bit the bullet myself and bought some at $18. The other stocks she wants to buy are relatively safe blue chips with good dividend yield.

 

[ppc]

Thanks for the input. "If" I do this, I will tell her we should start small (< $10K). Yes, she is aware that she can lose money and yes, she is aware I have to pay taxes. Like I said in the original post, we will reduce the appropriate amount to determine what she gets back. She's picking the stocks not me, so she can only blame herself if the stock goes down (she knows this).

Some of her customers gave her stock tips in the past which have gone up a lot and she never acted on them so she just doesn't want to miss out again. Regrettably, she told me about those stocks too and I never acted on them either. One stock went from just over $1 to close to $20 now. I was sick seeing it climb and finally bit the bullet myself and bought some at $18. The other stocks she wants to buy are relatively safe blue chips with good dividend yield.

Don’t you remember the bre x ?

 

[c1000]

You guys are giving stock suggestions during your sessions?

I wouldn't do it. But if you do, make sure you establish a time frame on what to expect.

 

[luvnewpussy]

I have a MPA I'm seeing now who's trying to start a business. I told her I will help her in return she just fucks me and swallows my load. Simple service exchange . My guidance, her holes..Yes I'm taking advantage..yeah yeah

I have done this before but I only provide guidance and direction on what to do and how to do it. I dont not handle any excution ,transactions or her Cash. Let her execute. If she can't even open a trading account because she thinks it's too hard shes a headache waiting to happen.

Pussy and business do not mix. Help where you can but consult only. If she loses money she touched the keyboard not you. My 2 pennies

 

[OG_funguy]

Strongly steer her towards opening her own account or talking to an investment advisor.

Let her know that by giving you money with no legal document explaining this arrangement then you could steal her money and it would be a “he said/she said” situation. She’s taking risk. On the flip side, this could be dangerous for you as if she could prove her position that you were acting as a broker on her behalf. So, if you don’t have a broker’s license you are now at risk. I assume you are not licensed to ask this question.

I did try to convince her to open her own account...

TBH, she's taking on much more risk than me. If I were dishonest, I could simply change my number and there's no way for her to track me down (of course, I wouldn't do that). But like I said, we've known each other for years so that trust factor is there on both sides.

You raise some good points though...I should consider putting in writing that she's telling me to buy XYZ stocks and have her sign it.

 

[OG_funguy]

You guys are giving stock suggestions during your sessions?

I wouldn't do it. But if you do, make sure you establish a time frame on what to expect.

I see her outside the spa many times...it's not your normal MPA/Customer relationship.

 

[abstracpoetic]

What were the stocks she wants to buy?

 

[OG_funguy]

What were the stocks she wants to buy?

I don't want to say in case those customers giving her tips are reading this LOL...

But one is a Chinese concept stock that has a lot of hype and momentum right now. I even bought a bit for myself. The others are "safe" boring Canadian companies yielding between 7 to 8%. I told her to buy some Canadian banks...

 

[Pay2Play]

So one of my faves wants to give me a fairly large chunk of money (in cash nonetheless) to invest for her. I told her she just needs a SIN to open her own account but she thinks it's too much trouble and she doesn't have time to do it (personally I think part of the reason is she's scared to try online trading).

I told her about tax consequences and that I would be in a higher tax bracket than her but she doesn't care and said I can take whatever I need for taxes and even take a % as commission.

To make matters worse, she wants to invest some of the money in high flying "concept" stocks that some of her customers told her about. I explained that these are risky and that the valuations (e.g. P/E ratio, etc.) are through the roof but she doesn't care and said she understands they are risky.

Thoughts? Has anyone done this before and if yes, how did it work out?


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After reading post #’s 1,4,7 and 14 I’m pretty sure you knew the answer to your initial question.

 

[Pay2Play]

Don’t you remember the bre x ?

I have an ex named Bre. She was hot, horny and always wanted to stay in...inexpensive with huge returns. What was your experience?

 

[Magicmon]

After reading post #’s 1,4,7 and 14 I’m pretty sure you knew the answer to your initial question.

You’re actually taken this seriously?

 

[Deleted member 73937]

I had some MPAs begging me to take them across the US Canada border , in return for lots of sucking and fucking in the hotel.

I said fuck that shit, you don't want to be caught crossing the border with someone you have no idea on their criminal history. Could have landed me in hot water and jeopardize my ability to cross the border.

Lesson: there whores always try to use men Baby. Fuck, pay and leave.

I grew up in Niagara Falls. Parents boat was in Chippewa marina We used to cross to NF NY all the time. Buddy would meet me at marina in NF NY. Slip fees for day was ridiculously low. Load up on booze etc. Drop me back at marina. Cross to Chippewa. It so fucking easy. Harbourmaster was self reporting. Good Ole Days. So. If i had two chicks willing to suck and fuck for that....in a New York minute brotha.....oh and just remembered my dads boats name: No Fat Chicks

 

[OG_funguy]

After reading post #’s 1,4,7 and 14 I’m pretty sure you knew the answer to your initial question.

I wanted to see if anyone actually did this before and if there are things I'm not considering (such as the $10K deposit thing). But guys keep bringing up the trust/scam factor. I appreciate the concern but trying to put that to rest and focus on potential legal issues that I'm not aware of...

 

[c1000]

I see her outside the spa many times...it's not your normal MPA/Customer relationship.

So she's not an mpa. She's your friend that happens to be an mpa.

As long as she is ok with the risk and not a threat to you, don't see the problem.

 

[hangul99]

I wanted to see if anyone actually did this before and if there are things I'm not considering (such as the $10K deposit thing). But guys keep bringing up the trust/scam factor. I appreciate the concern but trying to put that to rest and focus on potential legal issues that I'm not aware of...

I'm not a lawyer but if the source of the funds ever came into question you be opening yourself up to some legal issues.

 

[Pay2Play]

I wanted to see if anyone actually did this before and if there are things I'm not considering (such as the $10K deposit thing). But guys keep bringing up the trust/scam factor. I appreciate the concern but trying to put that to rest and focus on potential legal issues that I'm not aware of...

Put 10 large in. Vinny, Joey and lil’ Tony (the fat one) have been getting away with it for years.

This life of opportunity is alive and thriving and only fear will hold you back.