Investing

“The best investment you can make is an investment in yourself…

The more you learn, the more you’ll earn.”
-Warren Buffet

Please invest at your own risk 😉

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Contents
1. Introduction ............................................................................................................................................... 5
1.1 What does this document entail? ..................................................................................................... 5
1.2 What is my goal with these investments? ......................................................................................... 5
1.3 Who is this best suited for? ............................................................................................................... 5
1.4 How can I get started? ....................................................................................................................... 5
1.5 What are the risks involved? ............................................................................................................. 5
2. Crypto Investing......................................................................................................................................... 6
2.1 Yieldnodes ......................................................................................................................................... 6
2.1.1 Summary .................................................................................................................................... 6
2.1.2 What is Masternoding? ............................................................................................................. 6
2.1.3 What is Proof of Work (POW)? .................................................................................................. 6
2.1.4 What is Proof of Stake (POS)? ................................................................................................... 7
2.1.5 How Does Yieldnodes Generate Returns?................................................................................. 7
2.1.6 Spreading Risk............................................................................................................................ 7
2.1.7 Applying the Secret Sauce ......................................................................................................... 8
2.1.8 Who is behind Yieldnodes? ....................................................................................................... 8
2.1.9 How To Invest? .......................................................................................................................... 8
2.1.10 Risks of Masternoding ............................................................................................................... 9
2.1.11 Key Features .............................................................................................................................. 9
2.1.12 Personal Thoughts ................................................................................................................... 10
2.2 Buying and Storing Crypto ............................................................................................................... 11
2.2.1 What is a Crypto Exchange? .................................................................................................... 11
2.2.2 Where can I store my Crypto? ................................................................................................. 12
3. Stock Investing ......................................................................................................................................... 13
3.1 What is Stock Investing? .................................................................................................................. 13
3.1.1 Why Own Stocks? .................................................................................................................... 13
3.1.2 Stocks and Bonds? ................................................................................................................... 14
3.1.3 How Can we Invest? ................................................................................................................ 14
3.1.4 Opening An Account With WISE and Interactive Brokers ....................................................... 15
3.1.5 WISE to Interactive Brokers (Transfer) .................................................................................... 17
3.1.6 Withdrawing from Interactive Brokers to WISE to Local Bank ................................................ 25
4. Other Alternative Investing ..................................................................................................................... 33
4.1 Vinovest ........................................................................................................................................... 33
4.1.1 How does the process work?................................................................................................... 33

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 4.1.2 Key Features ............................................................................................................................ 33

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 REVISION HISTORY

Rev. Rev. Date History Originated

A1 28-Oct-21 Draft Vicard Gibbings

This document is currently being updated however everything you see is what I have researched and compiled.
Whenever I make new investments or other updates, it would be informed to you.

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1. Introduction
Have you ever thought about investing? Investing is very important to build and/or maintain wealth.
Invest in yourself for a better future you.

1.1 What does this document entail?

This document has different investment (passive, i.e you do not need to do anything except sign-
up/register, deposit and just monitor) ideas for you. All due diligence has been done and summarized
with key features and points. The type of investments in this document ranges from crypto to stocks to
other alternatives.

1.2 What is my goal with these investments?

The goal with these investments is to be as “hands-free or passive” as possible whilst making money or
building wealth, at any time during the day & night.

1.3 Who is this best suited for?

These investments are for anyone, whether you are now starting and want to earn an income or would
like to compound and leave for many years for growth appreciation in your capital. Some of these
investments are “new” and can be added to your business balance sheet such as crypto currencies e.g
Bitcoin.

1.4 How can I get started?

You can get started after you read the document and also do your own due diligence. There are signup
links to be used below which is recommended to be utilized so that you can also benefit such as getting
a free stock (worth up to $1k), discounts and “free” money (e.g 20 usd in bitcoin)- It benefits both of us.

1.5 What are the risks involved?

In any investing, there are risks involved. If you want to start a business, you have to spend a lot of initial
capital to buy products etc. and then sometimes it takes years to breakeven – or sometimes you be at a
loss and eventually bankrupt (worst case). With these investments there is the potential for loss of capital
so invest what you can afford to lose, always. On a scale of 1-5, with 5 being the highest risk, the following
investments in this document are ranked:

1. Yieldnodes – 2.5
2. Stock investing – 1.5
3. Buying crypto (through an exchange) & storing in a cold wallet– 1.5

Also, to note, these investments do NOT require you to introduce someone for you to make money although
the option is there for affiliates to do so. You earn money without any referrals, however the advantage of
signing up with a referral is that you can potentially get discounts, free stocks, etc. but it is not required.

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2. Crypto Investing

2.1 Yieldnodes

Yieldnodes was designed to endure turbulent times in order to provide the “average” guy a future and
perspective in an emerging market. Rest assured – safety of capital takes highest priority.

Yieldnodes have made it the mission to build a sustainable future for us all in this new economy.

Important note: Yieldnodes is NOT a Crypto trading/Forex trading scheme. The participant funds are used
to rent servers that masternode and generate coins that they sell. It is a rental program and should be
viewed as such.

2.1.1 Summary

Yieldnodes is a cryptocurrency investment that takes advantage of masternoding to generate an

exceptionally high return (potentially in excess of 120% per annum). No cryptocurrency experience is
necessary, so it is suitable for absolute beginners. Yieldnodes is a cryptocurrency platform that allows
investors to grow their fiat currency (USD, GBP, AUD etc) or their cryptocurrency (BTC - Bitcoin, ETH -
Ethereum etc) by earning masternode returns and distributing them between investors.

2.1.2 What is Masternoding?

Within the cryptocurrency space, each coin has a fixed number of total coins that will eventually end up
in circulation. These coins are not released all at once but slowly released over a period of years. For
example, there are a total of 21,000,000 Bitcoins that will eventually end up in circulation, but since its
inception in 2009, there are currently still only about 18.4 million in circulation right now. The coins have
slowly been released over the years (through crypto mining, for example) and the last few coins might
not be released until as far off as 2040.

But the coins that are released are not just given away, they have to be earned.

There are 2 ways that coins can be earned. These are:

• Proof Of Work (POW), and

• Proof Of Stake (POS)

Let’s explore how both of these work, as it’s an important part of how Yieldnodes generate their returns.

2.1.3 What is Proof of Work (POW)?

Proof Of Work is often known as “mining”. This was the original way that coins would be released and is
how bitcoins can be earned. POW is based on an advanced form of mathematics called “cryptography”
(hence the origin of the word “cryptocurrency”). These are essentially very complicated math problems
that need to be solved by powerful computers. For each equation solved, a small amount of crypto is
rewarded. With POW you are therefore exchanging computer power for cryptocurrency. A normal
desktop computer is capable of mining cryptocurrencies, but the processing power required for a
reasonable return is extremely high, and so only very powerful dedicated machines can generate a
meaningful amount of the most popular cryptocurrencies. These machines cost thousands of dollars to

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 build, require a certain amount of coding experience, and need constant monitoring. They also consume
a huge amount of electricity, and it’s possible to even lose money on crypto mining after the cost of
hardware and electricity are accounted for.

2.1.4 What is Proof of Stake (POS)?

The Proof Of Stake (POS) still aims to reward individuals with currency, but instead of solving complex
equations, one simply has to provide proof of “stake” (i.e., ownership of the coin you want to be rewarded
for). In order to do this, a user must deposit their currency in a specific wallet, where they are frozen and
can then be used to generate coins. There is usually a minimum investment amount needed in order to
qualify for POS rewards, and this is often referred to as a “masternode”. In order to qualify for a
masternode, there is usually a requirement to buy a high volume of coins, which can be very expensive.

Once a masternode is set up as proof of stake, coins are awarded to the masternode owner on a monthly
basis. These coins can then be traded into different cryptocurrencies, or even exchanged into fiat
currency (such as USD or GBP).

2.1.5 How Does Yieldnodes Generate Returns?

Each POS cryptocurrency has a different reward for its masternodes. Some offer only a very small return,
equating to around 2% per month, whilst others offer hundreds or even thousands of % per month.
Unfortunately, most coins have very little value, and the coins that offer very high returns are often
worthless. This means that when they are exchanged for other currencies even a very high number of
coins does not buy much fiat currency. The lower % return coins often have the highest exchange value.
Therefore, there is a great deal of experience required in finding coins that have offer:

• A strong value against other coins and

• A good monthly return from the masternode

The Yieldnodes team therefore offer investors value in 3 ways:

1. Researching the best coins to masternode amongst the thousands of coins available, balancing
value with returns to create a steady (and significant!) monthly return

2. Pooling funds between multiple investors so that even small investors can benefit from
masternodes

3. Providing the technical expertise required to create a masternode as proof of stake

2.1.6 Spreading Risk

As with any asset that fluctuates in value, cryptocurrencies present a risk because the value of the coins
fluctuates against each other and fiat currencies (USD, EUR etc). Risks can be mitigated by masternoding
several coins at once so that not too much risk is put into one single coin. This creates a portfolio of
cryptocurrencies, so even if there is a big swing in value on one coin it doesn’t impact the overall portfolio
too much. When you invest in Yieldnodes, you are therefore benefiting from a portfolio of
cryptocurrencies as well as exchange fees which are pooled to the funds, and you’re not just exposed to
the success or failure of a single coin. At the time of writing this, they have hold masternodes for a total

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 of 19 different crypto’s. Hopefully, that gives you some indication of the scope of the research and
management of this platform.

2.1.7 Applying the Secret Sauce

In addition to pooling funds and setting up a portfolio of masternodes, the Yieldnodes team also use
their extensive experience to apply a “secret sauce” to all of this. The future of the sector requires people
to not only back, but also to use cryptocurrency as a realistic alternative to fiat currencies. For
cryptocurrencies to stand the test of time they, therefore, need to have strong community support and
a real-world purpose. Yieldnodes are therefore using their experience to buy certain cryptocurrencies
and developing them to have real-world usage. They do not own all of the coins that they masternode,
but there are distinct advantages of owning some of their own coins, as well as masternoding other
popular coins.

An example of this is their acquisition of Sapphire coin. This coin was about to be terminated by the
original developers, but because it had a strong community behind it, Yieldnodes took a stake in the
coin and became the developers. Because it is a POS coin, it immediately became part of the portfolio
for Yieldnodes investors, and to secure the future of the coin they also set about developing the coin
and finding uses for it, creating all kinds of resources, including an online store where Sapphire coins
can be spent (https://sappshopping.com/products/). Yieldnodes therefore took a failing coin with no
real-world usage and transformed it into a valuable asset that can now grow in usage and value.

2.1.8 Who is behind Yieldnodes?

The identities and backgrounds of these people are completely public. You can even find their LinkedIn
links on the website.

The Chief Executive Officer and Chief Marketing Officer of Yieldnodes is Stefan Hoermann. Stefan has a
strong background in marketing and heading companies. This makes him the premier candidate to
spearhead the operations of Yieldnodes. The experience he has in the market is a tremendous asset to
clients of Yieldnodes. Furthermore, he has by his side intelligent individuals with tons of experience.

Urs S. serves as the Chief Operating Officer and Chief Information Officer of Yieldnodes. He has excellent
experience in IT and business with a focus on Research and Technology.

Also on the team is Yegor Volnyy. He serves as the Chief Technical Officer of Yieldnodes. Yegor has what
it takes to guarantee quality from the technical side. He started programming back in 2009, and he has
never looked back. Additionally, he has experience in forex, betting, and cryptocurrency systems.

Yegor is joined on the team by Dima Tymoshenko. He serves as the Management Assistant of
Yieldnodes. Dima is a specialist in Smart contracts and is highly skilled in Initial Coin Offerings.

2.1.9 How To Invest?

Now we understand how the profits/returns are generated, I wanted to explain just how easy it is to get
involved and invest in this platform. You do not need prior cryptocurrency experience in order to invest
in this platform! In fact, you do not even need to own any cryptocurrency to invest in the platform
because they accept deposits in fiat currencies such as US dollar and Euro’s using payment methods

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 such as Visa, Mastercard or even bank wire (card fees are applicable). Therefore, you can transfer funds
directly from your bank or VISA card to Yieldnodes, and they will convert it to cryptocurrency and invest
it for you, taking care of everything on your behalf.

At the time of this report, Mercuryo (https://mercuryoapp.app.link/uf7aH) is the cheapest way we can
invest to Yieldnodes (https://members.yieldnodes.com/c/?a=OKe9wjwM36onLMr&redirect=signup) as
they are applicable for T&T clients. We can also use our VISA/Mastercard and buy through an exchange
however, there are fees using the exchange as well as the transaction fees by sending Bitcoin to
Yieldnodes.

Once your funds are invested you can choose to either have your monthly returns paid out to you, or
you can compound them. You can even split it – compounding some profits and withdrawing the rest.

You need to be aware though that for any invested funds (your initial deposit and any compounded
profits), there is a 6-month minimum investment period, so do not invest funds you are likely to need
back any time soon. After funds have been invested for 6 months you are free to withdraw them or leave
them to continue to earn profits indefinitely or have the complete flexibility on when to withdraw. Also,
it’s worth pointing out that although you can deposit in multiple currencies, the monthly profits are paid
back to you in bitcoin, and you can withdraw through your exchanges such as:

• Binance (https://accounts.binance.me/en/register?ref=M1WS6MU5)

• KuCoin
(https://www.kucoin.com/ucenter/signup?rcode=rJUM5PC&lang=en_US&utm_source=friendI
nvite)

NOTE: You can also add new deposits to the platform whenever you like. Some people are choosing to
“scale-in” to this platform by making an initial deposit and then adding more funds each month, so they
have an ever-increasing investment account. This is especially powerful when compounding returns and
each month you will have not just the compounded profits, but also new deposits being added, which
themselves will provide compounded returns.

2.1.10 Risks of Masternoding

Masternoding is NOT trading, so loss of capital is highly unlikely. Naturally, there are expenses, but
servers are rented, and contracts can be cancelled. Clearly, fluctuations in coin prices affect the market,
and masternode earnings are always in coins, but the Yieldnodes team monitor the masternodes
constantly (24/7) and can react quickly to any events that might impact the yield.

2.1.11 Key Features

• Average return per month (since inception from October 2019): 10%

• Payout: You can withdraw your monthly profits to your exchange or choose to compound. Remember,
your initial seed money can only be withdrawn after 6 months but any profits made during that time,
can be withdrawn

• Minimum deposit: EUR 500.00

• After the rental fee (deposit) has been received, Yieldnodes use a 7-day “grace” period to purchase

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 node stakes and setup the servers. There is a lot of setup time involved, so they need those 7 days to
properly position your servers in the marketplace. After 7 days you start accruing yield

• The contract can be cancelled at any time after the 6th month

• A projected 5-15% pure profit – paid out every month, and with an interesting twist on Yieldnodes
side: Should the yield drop below 5% for 3 consecutive months, your rental payment will be returned
along with any accrued profits (if compounded; you can auto-compound in your dashboard up to
100%). No fuss – no quibbling!

• The core team is very transparent and can be found in LinkedIn

• Whitepaper: https://media-01.imu.nl/storage/e-forexx.com/3046/yieldnodes-white-paper-1.pdf

• No upfront or monthly fees (transaction fees may be applicable from transferring your crypto to and
from Yieldnodes)

• Sign up link: https://members.yieldnodes.com/c/?a=OKe9wjwM36onLMr&redirect=signup

Use my link to show some support to me 😊

• Website including FAQS, etc: https://yieldnodes.com?a=OKe9wjwM36onLMr

• Reviews on Trustpilot: https://www.trustpilot.com/review/yieldnodes.com

2.1.12 Personal Thoughts

Yieldnodes has been operating profitably for over 21 months and provided exclusive access to their
business through an audit to prove that the platform is genuine. This is a totally new way of investing,
and yet the cryptocurrency sector is already very well established and growing extremely quickly.
Oftentimes, investing in this sector is confusing and requires a certain amount of technical ability. At the
very least, it requires a lot of time to research and learn what and how to buy different coins. Yieldnodes
have removed all of the complications in investing, making it extremely easy to get started.

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2.2 Buying and Storing Crypto

2.2.1 What is a Crypto Exchange?

A crypto exchange is a platform on which you can buy and sell cryptocurrency. You can use exchanges
to trade one crypto for another — converting Bitcoin to Litecoin, for example — or to buy crypto using
regular currency, like the U.S. Dollar. Exchanges reflect current market prices of the cryptocurrencies they
offer.

Once you have a VISA or Mastercard, you can buy cryptocurrencies through exchanges like Binance and
KuCoin:

1. Binance: https://accounts.binance.me/en/register?ref=M1WS6MU5. Use this link and earn

discount in trading fees, up to 20% discount.

2. KuCoin:
https://www.kucoin.com/ucenter/signup?rcode=rJUM5PC&lang=en_US&utm_source=friendIn
vite. Use this link and earn discount in trading fees, up to 60% discount.

You can buy cryptos using the two exchanges from the above. Binance is the biggest Crypto exchanges
in the world, followed by Coinbase and KuCoin. KuCoin is known to have “gems” before they are released
to the bigger exchanges.

I did not include Coinbase exchange because the fees from deposits, withdrawals and buying cryptos
are much higher.

To have an idea of the cryptos to buy, depends solely on your research. I have attached below, a summary
of the different “categories” for cryptos:

From the above, you can choose one from each category, some examples are:

• Stored Value: BTC

• Payment: NANO, XRP

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 • Distributed Computing: HBAR, ETH, SOL, ALGO

• Exchange Tokens: BNB, KCS, CAKE

• Specialised coin: LINK

• Decentralised Finance: ALBT, AAVE, CEL, NEXO

• Meta Chains: QNT, DOT

• Gaming: ENJ

2.2.2 Where can I store my Crypto?

There are different ways you can store your crypto. You can do the following:

1. “Cold wallet” such as Nano Ledger S/X and Trezor Wallet

2. “Hot” wallet such as Trust Wallet, Exodus, or Atomic (all can be downloaded in the app store) or

3. My favourite, interest earning platforms. You will be earning interest (for example, up to 7%/year
on your Bitcoin whilst it appreciates in growth). Some of the platforms that I trust, and you can
send your crypto to (after purchasing from an exchange) are:

• Nexo: Join Nexo and get $10 in BTC! With Nexo you can earn up to 12% APR on crypto
and fiat, borrow and exchange cryptocurrencies and much more. Sign up here:
https://nexo.io/ref/mx6b6669ov?src=ios-link

• Youhodler: Check out the YouHodler app. It offers huge interest rates on crypto (earn
12%), great crypto loans terms and innovative trading possibilities. Download the app
here: https://app.adjust.com/zhu2uaa

Or https://track.youhodler.com/click?offer_id=2&pid=1853&sub2={traffic_source_id}

• BlockFi: BlockFi makes it so easy to buy/sell crypto and get loans! Join BlockFi now to
get a bonus when you fund your account! https://blockfi.com/?ref=711e9e75. Get up
to 250$ worth in Bitcoin.

If you have any problems, feel free to message me!

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3. Stock Investing

3.1 What is Stock Investing?

Stocks are units of ownership in a company, also known as shares of stock or equities. When you buy a
share of stock, you’re purchasing a partial ownership stake in a company, entitling you to certain benefits.
Understanding what stocks are and how they work is one of the keys to investing, since stocks play a
central role in building a well-balanced investment portfolio.

Companies raise capital to fund their operations by selling shares of stock. When companies sell stock,
they’re inviting investors to purchase a fractional ownership interest in the company, making them part
owners. “Equity” is a way to describe ownership, and “equities” are an alternative name for stocks.
Companies can also issue bonds to raise capital, although buying bonds makes you a creditor, without
any ownership stake in the company.

When you buy shares of stock in a company, you gain certain privileges depending on the types of
shares you own, including:

• Voting rights: You may have the right to vote at the company’s annual shareholder
meetings

• Dividends: You may receive a share of the company’s profits

• Capital appreciation: When the company’s stock price goes up, your shares increase in
value (and when the price of a stock declines, the value of your shares fall)

While stocks give you an ownership share in a company, owning shares of stock doesn’t mean you’re
entitled to a say in the company’s day-to-day operations. Owning stock means you’re trusting the
company’s leaders to run the business the way they see fit. If you don’t like the performance of a
company, you sell your shares and choose a new home for your investment dollars.

3.1.1 Why Own Stocks?

Owning shares of stock gives you the potential to share in the profits of the world’s most successful
companies. The S&P 500, one of the most common indexes that track stock performance in the U.S.,
delivered investors a 7% average annual rate of return, adjusted for inflation, in the period from 1959 to
2009. Compared to Barclay’s U.S. Aggregate Bond Index which has returned an average of 4.67%, stocks
outperform fixed-income investments over the long term.

While buying them isn’t without risk, investors use stocks as one of the core tools to grow their savings
and plan for long-term financial goals like retirement and educational savings. As stock prices go up, so
does your savings balance. But be aware that stock prices also go down, and sometimes lose all of their
value and become worthless. There’s no guarantee that you’ll recoup your investment.

Stocks are one of the basic ways to diversify an investment portfolio. Investors buy different stocks in
companies large and small in a wide variety of industries to help mitigate risk, as different sectors of the
economy thrive at different times. For example, a company selling paper products might experience
record sales during an economic crisis like COVID-19 whereas an automaker might have below-average
sales performance. Owning a variety of different stocks can help investors enjoy gains in thriving sectors

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 while offsetting losses in others.

3.1.2 Stocks and Bonds?

Both stocks and bonds play a complementary role in building a diversified investment portfolio. Buying
both stocks and bonds helps investors capture market gains and protect against losses in a variety of
market conditions.

Take a look at both side-by-side to help better understand the difference between stocks and bonds:

If you’re looking for long-term growth, having more stocks in your portfolio could be a good strategy
given their historically high rates of return compared to bonds. As the economy grows, public companies
grow their revenue and profits, which causes the value of their shares to rise over the longer term, and
their shareholders reap the benefits.

If you are looking for steady income, investing more in bonds might be a better approach. While bonds
may have lower long-term rates of return than stocks, a well-chosen portfolio of bonds offers reliable
interest payments and lower volatility. The latter is attractive for investors who might be nearing or in
retirement who want to preserve capital after their years in the workforce are over.

3.1.3 How Can we Invest?

Traditionally in Trinidad, it has been somewhat impossible to invest in international stocks. Let us take
the U.S market for example. If we would like to invest in Apple, Microsoft, Disney, Netflix, Tesla, etc. and
we are from Trinidad & Tobago, then we need to get foreign exchange currency (i.e USD) and you must
have a U.S bank account so that we can wire transfer from Trinidad to USA – however, in Trinidad, we
lack foreign exchange currencies such as the USD and you always need to have “hard-cash” USD to
deposit.

Luckily, I have found an easy way to do this, and I will the list the steps below. You must have a VISA or
Mastercard before proceeding.

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3.1.4 Opening An Account With WISE and Interactive Brokers

3.1.4.1 Interactive Brokers

Step 1:

Opt into website using the link: https://ibkr.com/referral/janelle628. By using the link, you can open an
account today, get free stocks up to $1000 of Interactive Brokers (IBKR) Stock for free!

Step 2:

After reaching the website, there you will click on “Open an Account.” From there you can get all the
information needed to open an account by clicking on “What you need.” You can also select from the
option “Other applications” or can directly start the process of setting up an individual account by
clicking on “Start Application.” After filling all your details, click on “Create Account.” It is necessary to
know the account types before you create an account (e.g Cash or Margin). For safe measure, you can
select “Cash” as this is safer for beginners. Read more on IBKR for this type.

Step 3:

You will then be asked to verify your email for which you will need to go to the email and click the link
in the email received from the Interactive Brokers. Based on brokers’ comparison, once your email is
verified, you will again be brought to the page where you will need to log in again to finish up the details
of the application. The website will then ask you to choose the customer type and you can pick any
option from Individual, Joint, and retirement account. I chose individual.

Step 4:

You will need to fill in all your personal information including address, contact information, personal
information, employment, account information, security questions, and tax residency.

Then you will be asked a series of questions to find out your tax status to determine how you will be
taxed on your trading income.

Next, you will need to fill up the employment and income details. Under account information, you can
select either “cash” or “margin.” A cash account is suitable for beginners as there is limited risk involved.
Margin accounts on the contrary are riskier and should better be left for the experienced traders.

Step 5:

Once the section “About You” is complete, you will get an SMS with a 6-digit code to confirm your phone
number. Next, you will need to fill out the employer’s information to confirm that you are trading as an
individual and not as someone with the inside knowledge of the publicly traded companies.

Step 6:

Now fill out your income and net worth. Interactive Brokers need you to have at least $20,000 in liquid
to allow you to trade in stocks. Underinvestment objective and intended purpose of trading you can
either select “Growth”, “Hedge” or “Profits from Active Trading and Speculation.” Select the investment
products that you like to trade-in. Now again check your filled details and give consent to the terms and

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 conditions. For signature, type your case-sensitive name.

Step 7:

Now you just have to upload your identity proof, residential proof, and fund your account based on
Interactive Broker charges.

Step 8:

To open an account on Interactive Brokers, you will need a PDF or JPEG of your proof of identity and
date of birth which can include passport, driver’s license, national ID.

You will need PDF or JPEG of proof of your address which may include a bank statement, brokerage
statement, security system bill, government-issued letters, utility bill, evidence of ownership of property,
homeowner’s, or renter’s policy, documents, and bills, driver’s license, etc.

Details of your bank account which may include your bank account, and bank account number from
which you are going to fund your account.

Interactive Brokers Minimum Deposit

According to Interactive Brokers vs Tastyworks, for standard accounts, Interactive Brokers has no
minimum deposit while for margin accounts, the minimum deposit needed is $2,000.

3.1.4.2 WISE

Transferwise (WISE) is very easy to create and verify an account. You can head straight to the website by
using the following link: https://wise.com/invite/u/vicardg. By using the link, you get free international
transfer up to 500 pounds (GBP) or equivalent.

Step 1:

Enter your email address and password to create account

Step 2:

Choose country of residency (e.g Trinidad and Tobago)

Steps 3/4:

Now, you should be on the website. In order to get USD bank details, you will need to verify your identity.
You can submit whichever identity document (e.g Passport or National I.D)

Click on “Open a Balance” on the left-hand side and choose USD currency.

Once completed, you can click “Your USD Account Details” to get your USD Bank Information.

NOTE: For transfer within the U.S, please ensure that you choose “Inside The US” (e.g to IBKR). After creating
Transferwise (WISE) account.

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3.1.5 WISE to Interactive Brokers (Transfer)

Step 1:

Visit IBKR Transfer Funds page and Select “Bank Wire” and make sure you select USD:

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Step 2:

Visit WISE and get your USD Bank details and fill with Account Number:

Or you can visit the following page and get instructions:

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Step 3:

IBKR will generate deposit slip with Wire Transfer Instruction and their Bank Details:

Or you can use the “Get Instructions” from:

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Step 4:

Visit WISE and Select USD account and click Send:

Step 5:

Enter the same amount (USD) which you mentioned in IBKR deposit:

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Step 6:

Select Business or Charity:

Or “Someone Else” if you are using ACH method from IBKR:

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Step 7:

Now enter IBKR Wire Transfer Deposit details which they provided you:

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Step 8:

Confirm details:

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Step 9:

You can track the payment through WISE:

Please send small amount (e.g 1$) for testing purposes.

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3.1.6 Withdrawing from Interactive Brokers to WISE to Local Bank

Step 1:

There are two ways to withdraw funds from IBKR to WISE:

I. Bank wire
II. ACH (Automated Clearing House)

Interactive Brokers offers one free withdrawal every month after 10$ Bank Wire or 1$ ACH

Bank Wire will cost you more from both sides where IBKR Bank Wire (fixed) transfer fee is 10$ and
TransferWise is 7.50$ which gives a total of 17.50$ USD:

Difference between Bankwire and ACH is Bank wire takes 1 to 3 business days and ACH takes 3 to 5 business
days therefore any method can be used. For this is example, we will be using the steps for ACH Withdrawal:

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Step 2:

Visit IBKR and Select withdrawal: ACH and make sure USD currency is selected:

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Step 3:

Visit WISE and get your USD Bank details and fill on IBKR page and select Checking. Note you can select ACH
for both deposit and withdrawal:

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Step 4:

Read/Recheck your ACH details and confirm with your electronic signature and password:

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Step 5:

Within 2 to 3 business days, IBKR may credit your account with 2 random cent transactions. After receiving,
you need to verify these transactions on IBKR client Portal.

You can see a notification in client Portal

Step 6:

Withdraw from IBKR to your Local Bank. Go to “Send” and choose your “USD” balance available:

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Step 7:

Choose “same currency” and click continue:

Step 8:

Choose “Someone else”:

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Step 9:

Enter your bank details such as SWIFT code, Account Number, Bank address. The SWIFT code for your bank
can be obtained from the bank’s site or you can call them.

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4. Other Alternative Investing

4.1 Vinovest

Vinovest is wine-investing company that does everything for you in terms of choosing the best wine for
you, storing it for you and selling when you want to sell – You can even ship down if you want to drink
it! It is a cool concept and very alternative way of investing. If you have a passion for wine, then this is
one of the easiest place to invest.

Although, I am not invested in it as yet, I will be doing soon. I have confirmed that they accept citizens
of Trinidad and Tobago and that we can deposit using VISA/Mastercard and the minimum deposit
required is 1000$ usd but note, that there are different portfolio plans.

Use the link to sign-up if you would like to have the first three (3) months free of no fees (the fees are
for insurance and storage):

https://vinovest.co/signup?grsf=zff3ms

4.1.1 How does the process work?

4.1.2 Key Features

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