Thursday, March 23, 2017

4 tips for investing in offshore funds

Thank you Primus Trade for the great information on investing.


4 tips for investing in offshore funds

Prepare an investment policy statement (IPS)
A respectable wealthmanager should prepare an IPS document for their client, which is vital in order for the investor to make an informed investment decision. The investment policy statement should outline your investment objectives and risk tolerance, among other things. It should state your motives for investing in the offshore funds and that tax minimization or deferral is not one of the main factors behind your decision to invest offshore.
Document discussions
It is important to clarify with your wealthmanager what your objectives are and, if reducing taxes is not one of the primary reasons for investing offshore, explain that to your wealth manager.
Choose local if you can
If there’s an investment fund in your region that is equivalent in all important respects to the offshore fund you’re considering, you may want to choose the local investment instead in order to avoid any questions from the applicable tax authorities. It’s more than likely, that you may have difficulty finding an equivalent localized fund if the investment adopts an alternative strategy (something esoteric, and not simply a fund that purchases stocks on a long-only basis). If there is no localized equivalent investment fund that you’re aware of, be sure to document that fact.
Watch your cost amount
In general, if the value of your offshore investment is less than $100,000 USD in aggregate, you won’t have to report these assets to your tax authority. It is likely that your local tax authorities will raise this threshold, so it is advised that you keep abreast of all relevant tax laws and any changes to them pertaining to offshore investment.


Tuesday, March 14, 2017

Topeka, KS  – Demonstrating their ongoing commitment to drag racing and the motorsports industry, Aeromotive Fuel Systems and Waterman Racing Components have agreed to increase their marketing partnership with the Fastest Drag Strip in the World, Heartland Park Topeka, for the 2017 racing season.

“It’s refreshing to be a partner with Heartland Park Topeka and create an positive and expanding environment for brand exposure and growth with a dedicated team of executives that truly understands motorsports marketing,” says Steve Matusek, President of Aeromotive Inc. “We are looking forward to a long and mutually beneficial relationship with Chris Payne, Scott Gardner, Ron and Darla Conner and the entire HPT team. We’re especially excited to be a part of bringing the NHRA’s J&S Services Pro Mod racing back to Aeromotive’s home track during the Menards NHRA Heartland Nationals event in May.”

In a joint announcement back in December, the NHRA confirmed that its Pro Mod Series will grow from 10 to 12 races in 2017, including the race at Heartland Park Topeka. Both Aeromotive and Waterman Racing Components are actively involved in the NHRA series.

“We are very pleased with Aeromotive’s decision to increase their level of sponsorship and marketing for the 2017 race season,” says Scott Gardner, president and general manager of Heartland Park Topeka. “This is a great partnership made even better because of Aeromoitve’s Lenexa, Kansas location and the fact that so many in the company are directly involved with professional and grass-roots level racing. Both Aeromotive and Waterman’s products and brand recognition represent a great partnership for racers and fans here at the track.”

Expanded “Racer Appreciation Party”

As part of the renewed partnership, Aeromotive will once again host and expand the Racer Appreciation Party for all racers and their crews during the Lucas Oil Drag Racing Series Double Divisional event, July 27-30. In 2016, more than 600 race teams and their crews participated in the after-racing event.

About Heartland Park Topeka

Heartland Park Topeka is a multi-purpose motorsports and outdoor events facility located in Topeka, Kansas. The facility opened in 1989 and features a championship NHRA ¼-mile drag strip, a recently repaved 2.5-mile, 14-turn road course, a 3/8-mile clay oval and an all-new motocross track. The facility also hosts autocross, drift and rallycross events and is owned by Shelby Development, LLC who purchased the 750-acre facility in early 2016.
Visit us online at: www.HeartlandPark.com

Sunday, March 5, 2017

GEICO $2,500 Achievement Awards go to 36 outstanding college students

Business Newswire


WASHINGTON - (BUSINESS WIRE) - GEICO recognized 36 students from colleges and universities across the country, each earning $2,500 GEICO Achievement Awards for their exceptional academic accomplishments and campus leadership.
A complete list of winners is posted on the GEICO Achievement Award Program page. More than 25 years ago, GEICO launched the Achievement Award program to recognize undergraduate students for their accomplishments inside the classroom, around campus and in their communities. The program is designed to encourage continued academic success and a commitment to leadership and community service, and to provide some relief from school-related expenses for deserving students.
"The Achievement Awards program is a GEICO tradition that we are proud to uphold in support of outstanding undergraduate students across the country," said Bill Roberts, GEICO president and chief operating officer. "Each one of this year's recipients has proven that they have what it takes to be among the next generation of great leaders. We look forward to seeing them continue to succeed in their futures and careers."
To be eligible for the GEICO Achievement Award Program, students must be currently enrolled in a full-time bachelor's degree program at an accredited four-year college or university, possess sophomore or junior status, have at least a 3.0 overall GPA, and be majoring in business, computer science, mathematics or a related program, including Economics, Finance, Marketing, Management, Information Systems, Computer Engineering, Statistics or Actuarial Science. At this time, our program is not open to students pursuing degrees in liberal arts, the natural sciences or most engineering programs. For more information, please visit the GEICO Achievement Award page.
GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the second-largest private passenger auto insurance company in the United States. GEICO, which was founded in 1936, provides millions of auto insurance quotes to U.S. drivers annually. The company is pleased to serve more than 15 million private passenger customers, insuring more than 24 million vehicles (auto & cycle).
Using GEICO’s online service center, policyholders can purchase policies, make policy changes, report claims and print insurance ID cards. Policyholders can also connect to GEICO through the GEICO App, reach a representative over the phone or visit a GEICO local agent.
For more information, go to www.geico.com.