It's becoming increasingly common for very rich people to do this. Cyprus is in the EU, so gaining Cypriot citizenship gives you the right to move your goods, services, capital and labour around the 27 member states.

Malta and Austria do citizenship for investment schemes as well but they have stricter criteria. They are also more stringent when it comes to their internal controls against money laundering, whereas Cyprus have weak controls on real estate investments.

I think their top rate of income tax is a bit lower than most EU countries (around 35%) and their income tax on dividends is low, which is even better for the top 0.01% of earners when their basic salaries comprise only a small portion of their earnings.

See what tomorrow brings.

Right now I have access to about 100K margin, the current rate through RBC after tax is approx 2% if I keep it under 100K, lower if it's at 100K or greater.

At 2% I think it's time. Note that 2% is cost to me as that interest is tax-deductible under CRA as CRA only assesses if the money is used to generate income and a special ruling is in place which deems ETF investing as "income generating".

Pfizer’s vaccine requires -70 C to store, worth keeping an eye out on cryostorage manufacturing companies.

This post was edited by obisent on Nov 9 2020 09:06pm

nice tip - know any storage companies?

additionally, a company to look at in terms of distribution could be cargojet - they specialize in long haul oversea delivery. probably have the capabilities to store and ship at the required temps.

+1700 to +800

At ath

... blow off top ?

haven’t changed any positions

market reacting to trump, doj, senate and house repubs staging a coup on american democracy. and these guys say that business will thrive in the US. yeah, totally when one group of people what to control everything - including the outcome of the election.

yeah saw that, probably just people dumping to consolidate ridiculous short term gains. shorty probably got berned a bit last week or so too helping drive stuff up gradually

Air Liquide perhaps.

This post was edited by SBD on Nov 9 2020 10:41pm

yeah got this tip from a trusty scientist. this vaccine aint finna be at cvs or walmart anytime soon

im looking at thermo fisher, but will look at air liquide as well

This post was edited by excellence on Nov 9 2020 11:15pm

This isn't concerning. -80 freezers are common in pretty much all facilities with even tertiary biological relevance.