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Can a H1b holder invest in stocks?

Discussion in 'Money Matters' started by shravanthika, Nov 14, 2007.

  1. shravanthika

    shravanthika Senior IL'ite

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    Can a H1b holder invest in stocks in US? Any legal issues that has to be taken care of?(I googled and found the answer yes)

    I just want to make sure if its legal.It would be of gr8 help if anyone could give a website link from US govt justifying its legal...

    Any info gr8ly appreciaated...
     
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  2. pammor

    pammor Senior IL'ite

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    to my knowledge as for as you are a Indian cityzen u can invest in the stock markets.
     
  3. SriVidya75

    SriVidya75 Platinum IL'ite

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    Yes its legal to invest in stocks even when you are on a H1B visa. However you have to submit the year end statement while filing for taxes.

    I am on H1 and I have been investing in stocks since past 3 yrs and also submitted my taxes informing my investments etc. Sorry I do not know the website link justifying its legal....however if you can contact scottrade or sharebuilder kind of sites...their legal agreement will have this kind of information or you can call and check with them. The most imp. thing is they would need a SSN# if someone wants to invest in stocks...that way they keep track of all this.
     
  4. naanvetti

    naanvetti Senior IL'ite

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    Definitely "YES", it is legal to invest in stocks in the US. I know a lot of my co-workers on H who invest in stocks. My sister invested when in F and H visa. All you have to do is, report it properly.
    Infact, H ppl can invest in homes or real estate and in stocks.
     
  5. englishtutorjul

    englishtutorjul Silver IL'ite

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  6. englishtutorjul

    englishtutorjul Silver IL'ite

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    Oops just realized this is an old thread
     

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