proof of funds for FSW 2014

[blindvia]

Does stock market investment works as proof of funds for FSW application?

 

[mute_man]

Does stock market investment works as proof of funds for FSW application?

These funds could be in the form of:

1.cash
2.documents that show property or capital payable to you (such as stocks, bonds, debentures, treasury bills, etc.) or
3.documents that guarantee payment of a set amount of money, which are payable to you (such as bankers’ drafts, cheques, travellers’ cheques or money orders).

 

[blindvia]

thanks mute_man for the response!

How about trust funds (i.e. balanced fund or equity fund)?
Can it be used as a proof of funds for FSW application?

 

[mute_man]

thanks mute_man for the response!

How about trust funds (i.e. balanced fund or equity fund)?
Can it be used as a proof of funds for FSW application?

I hope so!! ;D

 

[pkid169]

I am wondering this myself as well. Although as per official guide line, it seems stock is counted, quite a few veterans here suggested that it's better to have cash (i.e. sell the stocks to increase the cash balance, and attach some reference to explain the balance increase). This is because some office might not recognize stock investment as acceptable POF, as it's volatile and the actual value is therefore undetermined.

However selling stocks and get the cash into your bank account will take time (or at least that's the case for me), so I am quite concerned that the cap will run out (not to mention selling them right now might not be financially favourable). I guess really it's a risk that we have to take whether to proceed with submitting the stock investment portfolio as POF. For me I am monitoring the number of applications (checked via the google doc everyone is putting in here), if I feel that the cap is running out quickly, I'll just bite the bullet and take that risk. Let me know what you will do. All the best

 

[akbardxb]

I am wondering this myself as well. Although as per official guide line, it seems stock is counted, quite a few veterans here suggested that it's better to have cash (i.e. sell the stocks to increase the cash balance, and attach some reference to explain the balance increase). This is because some office might not recognize stock investment as acceptable POF, as it's volatile and the actual value is therefore undetermined.

However selling stocks and get the cash into your bank account will take time (or at least that's the case for me), so I am quite concerned that the cap will run out (not to mention selling them right now might not be financially favourable). I guess really it's a risk that we have to take whether to proceed with submitting the stock investment portfolio as POF. For me I am monitoring the number of applications (checked via the google doc everyone is putting in here), if I feel that the cap is running out quickly, I'll just bite the bullet and take that risk. Let me know what you will do. All the best

When applying you can use a summary of your current stocks and bonds, property, fixed deposits, cash in hand... Provided there is ample evidence of it and the notarised copies of the statements are attached. However at the time of landing, only Cash or DD will work.

 

[mute_man]

When applying you can use a summary of your current stocks and bonds, property, fixed deposits, cash in hand... Provided there is ample evidence of it and the notarised copies of the statements are attached. However at the time of landing, only Cash or DD will work.

exactly n +1!

 

[blindvia]

do we really need to notarize the document for the statement of accounts for the stocks
if these were taken from the brokerage account and this is in English language?

from my understanding, only documents not written in English requires a certified true copy.

masters in this forum, please advise.

 

[GURI.D.CHD]

will provident fund be considered as funds?

Guri

 

[akbardxb]

do we really need to notarize the document for the statement of accounts for the stocks
if these were taken from the brokerage account and this is in English language?

from my understanding, only documents not written in English requires a certified true copy.

masters in this forum, please advise.

All documents require certified true copies, including bank statements.

 

[akbardxb]

will provident fund be considered as funds?

Guri

At the time of application, yes. At time of landing, No.

 

[mute_man]

At the time of application, yes. At time of landing, No.

I second it!

 

[MYNK]

Hi

I am in USA and I have a joint account with my wife in BOA , I want to confimr that will bank account statement will work as proof of funds for us ? if yes how many monthly statements I have to attached ?
if NO what else I can show ..

Please advice

Thanks