Secretly rich

[Anonymous]

I understand the anxiety. For your own peace of mind, please send me your $2M / yr don't you don't have to trade so much.

[Anonymous]

Is your spouse a day trader? Why so many transactions?

[Anonymous]

Anonymous wrote:I'm secretly rich. I wasn't always this way, in fact, I was raised in poverty. I'm a government employee. My HHI is in the multi millions.

I know there are others like me. How do you resolve this? I feel like I am constantly reporting financial transactions. I have to schedule 2 hours per week of work just to stay on top of the reporting.

I'm very patriotic. I served my country in the military and now as a government employee. All the reporting makes me feel like I am under suspicion. I'm thinking of quitting.

What are you “reporting” exactly?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm secretly rich. I wasn't always this way, in fact, I was raised in poverty. I'm a government employee. My HHI is in the multi millions.

I know there are others like me. How do you resolve this? I feel like I am constantly reporting financial transactions. I have to schedule 2 hours per week of work just to stay on top of the reporting.

I'm very patriotic. I served my country in the military and now as a government employee. All the reporting makes me feel like I am under suspicion. I'm thinking of quitting.

So your spouse makes a multi million dollar salary/year or did you mean that your net worth (not HHI) is in the multi millions? (There are plenty of government workers in the latter case) Either way, neither situation on its own should trigger anything more than a one time or yearly report.

I’m not sure what kind of crazy financial transactions you are making that would trigger hours of reporting requirements per week (dabbling in day trading?) but it sounds like you just need to stop making things overly complicated.

I mean every year we file taxes with an income of 2-3M. Its a lot of transactions. 50 per week, ish. And since I have a TS/SCI, I have to report any transactions ovrr 10k. And we average 40-50k per month. Look, respectfully, I'm looking for advice for people in a similar situation.

You don’t make any sense.

Who is day trading? You or your spouse or your broker?

And neither of your jobs cares or has conflicts with this?

What is reporting or compliance or this reporting process you keep speaking of vaguely?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm secretly rich. I wasn't always this way, in fact, I was raised in poverty. I'm a government employee. My HHI is in the multi millions.

I know there are others like me. How do you resolve this? I feel like I am constantly reporting financial transactions. I have to schedule 2 hours per week of work just to stay on top of the reporting.

I'm very patriotic. I served my country in the military and now as a government employee. All the reporting makes me feel like I am under suspicion. I'm thinking of quitting.

So your spouse makes a multi million dollar salary/year or did you mean that your net worth (not HHI) is in the multi millions? (There are plenty of government workers in the latter case) Either way, neither situation on its own should trigger anything more than a one time or yearly report.

I’m not sure what kind of crazy financial transactions you are making that would trigger hours of reporting requirements per week (dabbling in day trading?) but it sounds like you just need to stop making things overly complicated.

I mean every year we file taxes with an income of 2-3M. Its a lot of transactions. 50 per week, ish. And since I have a TS/SCI, I have to report any transactions ovrr 10k. And we average 40-50k per month. Look, respectfully, I'm looking for advice for people in a similar situation.

50 trades a week?!

That’s weird. Is this quant trading and yours just doing a $hitton or hugging a benchmark or hedging?

This is a terrible market for that right now. Much better to run a concentrated PA & take a view in this active market

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's required, it's not personal. Just do the weekly filing and be done with it. I think it's fine to use work time. And make sure you are not involved with any related companies. My boss cannot sign off on the issuance of Apple phones, for example.

This is what I try to do. I try to remind myself it's not personal. I'm afraid I'll miss a trade or I won't be told about a trade. Maybe this is just an anxiety thing.

How would you “miss a trade?”
The user interface of every online trading account the last 30 years is easily sortable and lists everything, esp for tax purposes.

[Anonymous]

Anonymous wrote:Np, I'm not secretly rich, but I will have a good inheritance bump in the next few weeks that will be several hundred thousand. I am a fed/ TS and have to report it. I am curious who is on the other end of the send button? Will my supervisor see it, his boss, or does it go to the Security Office only?

You have to report your inheritance to your employer? So they don’t think you took a bribe?

[Anonymous]

You're doing wealth wrong. Stop trading so much.

[Anonymous]

I think in any good, family-oriented neighborhood there are a lot of people who are quietly loaded and people who are quietly really stretched. People move in and start a family, and they stay. Along the way a lot can happen.

We live in a house now that’s about 1/3 of what we could comfortably afford. We’re set for college and retirement and private school. Except for noticing our vacations, maybe, how would anyone know?

[Anonymous]

Uh, three pages in and nobody has bothered to comment on the stupidity of working a $120,000/year job that causes you a lot of stress while your husband brings in $3 million a year??

[Anonymous]

Doubt you are secretly rich. I dated a girl once for a year ago was secretly rich in 1990. She lived in a shoebox studio apt, drove a 15 year old Camry, and worked a basic job and went in state college. She even worked as a cleaning lady on summer to pay tuition.

After a few weeks she said I have to pick up something my parents house. I had an old beat up 20 year old full sized Plymouth with a debt and asked if I could go over with her as my car is bigger. I start driving and girls house she grew up in was 3 million dollar home in 1990 values. Six acres, water front, guest house, servants house and main house had 9 bedrooms and 7 baths. I was floored. A few months later I was going to take her to Florida for Spring break and was looking at Liberty travel for discounts. Mom heard me talking as was over her house and said you can just come with us as I have a Palm Beach house and I did and was a few doors Kennedy house.

My mom always thought I was lying. The girl on ponytail wirg Grateful Dead tshirt and old jeans was super rich. It did not work out but funny story she was having a big party over in her mansion and I was about to leave my mom’s house to go where I kept my big old car. I get a call at my Moms home and her grandmothers “driver” was sick could I pick her up. I pull up to this mansion in Kingspoint Long Island and lady has her big ass Mercedes in garage her limo driver uses. I pull up old car mortified and she comes out and says my dead husnand had a Plymouth just like that when kids young can we take your car. It was so funny. Now they were stealth rich.

[Anonymous]

OP is a troll.

[Anonymous]

Anonymous wrote:

Everyone has to report transactions over $10k.

Patently false.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm secretly rich. I wasn't always this way, in fact, I was raised in poverty. I'm a government employee. My HHI is in the multi millions.

I know there are others like me. How do you resolve this? I feel like I am constantly reporting financial transactions. I have to schedule 2 hours per week of work just to stay on top of the reporting.

I'm very patriotic. I served my country in the military and now as a government employee. All the reporting makes me feel like I am under suspicion. I'm thinking of quitting.

So your spouse makes a multi million dollar salary/year or did you mean that your net worth (not HHI) is in the multi millions? (There are plenty of government workers in the latter case) Either way, neither situation on its own should trigger anything more than a one time or yearly report.

I’m not sure what kind of crazy financial transactions you are making that would trigger hours of reporting requirements per week (dabbling in day trading?) but it sounds like you just need to stop making things overly complicated.

I mean every year we file taxes with an income of 2-3M. Its a lot of transactions. 50 per week, ish. And since I have a TS/SCI, I have to report any transactions ovrr 10k. And we average 40-50k per month. Look, respectfully, I'm looking for advice for people in a similar situation.

Wait you have to file even stock market transactions and transfers between accounts? Like if I sell 100k of stock A and transfer to my bank, that's reportable??? I thought it was only for things like car purchases etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I'm secretly rich. I wasn't always this way, in fact, I was raised in poverty. I'm a government employee. My HHI is in the multi millions.

I know there are others like me. How do you resolve this? I feel like I am constantly reporting financial transactions. I have to schedule 2 hours per week of work just to stay on top of the reporting.

I'm very patriotic. I served my country in the military and now as a government employee. All the reporting makes me feel like I am under suspicion. I'm thinking of quitting.

So your spouse makes a multi million dollar salary/year or did you mean that your net worth (not HHI) is in the multi millions? (There are plenty of government workers in the latter case) Either way, neither situation on its own should trigger anything more than a one time or yearly report.

I’m not sure what kind of crazy financial transactions you are making that would trigger hours of reporting requirements per week (dabbling in day trading?) but it sounds like you just need to stop making things overly complicated.

I mean every year we file taxes with an income of 2-3M. Its a lot of transactions. 50 per week, ish. And since I have a TS/SCI, I have to report any transactions ovrr 10k. And we average 40-50k per month. Look, respectfully, I'm looking for advice for people in a similar situation.

Wait you have to file even stock market transactions and transfers between accounts? Like if I sell 100k of stock A and transfer to my bank, that's reportable??? I thought it was only for things like car purchases etc.

Of course it's reportable if you are a government employee.