Recently the comedy business has picked up a bit, probably due to people being fed up with all the negative news about viruses, the botched democratic primary and whether we should keep the big orange man in the white house. Thus, I have a little bit more cash on hand and rather than investing all of it in BBQs and whiskey, I figured I’ll buy some overvalued Tesla stocks and some cheap Macy’s stocks to balance it out.
So I’m in the process of setting up an Interactive Brokers account. Real pain in the ass! But I guess the bigger hassle will be funding the thing once it’s ready.
So here’s my question: What’s the best way to transfer US$100,000 from Taiwan to an IB account. Should I break it into batches of $9,999 to stay under the $10,000 limit that might trigger additional money laundering checks (in which case BOT will hit me with 10 wire fees) or should I just send $100,000 in one batch?
Most of this money is legal income on which I’ve paid taxes and I am able to provide supporting documentation if necessary.
Edit: How did this end up in Temp? It’s a serious question.