RE: what do I need to know about financial domination?

Collarspace Discussion Forums

Home Login Search

RE: what do I need to know about financial domination?

View related threads: (in this forum | in all forums)

Logged in as: Guest

All Forums >> [Community Discussions] >> General BDSM Discussion >> RE: what do I need to know about financial domination?

Page: << < prev 1 [2]

Message

<< Older Topic Newer Topic >>

RE: what do I need to know about financial domination? - 12/20/2010 2:32:29 PM

humbleslaveslut

Posts: 8
Joined: 3/6/2009
Status: offline

i would love to have someone hold that kind of control and power over me....

(in reply to LaTigresse)

Profile

Post #: 21

RE: what do I need to know about financial domination? - 12/20/2010 2:34:06 PM

LadyConstanze

Posts: 9722
Joined: 2/18/2005
Status: offline

quote:

ORIGINAL: humbleslaveslut

i would love to have someone hold that kind of control and power over me....

I think you would want to know the person really well because you don't want your life truly to be ruined. Sorry to be a spoilsport...

_____________________________

There are 10 kinds of people who understand binary
Those who do and those who don't!

http://exdomme.blogspot.com/2012/07/public-service-announcement.html

(in reply to humbleslaveslut)

Profile

Post #: 22

RE: what do I need to know about financial domination? - 12/20/2010 2:47:45 PM

kalikshama

Posts: 14805
Joined: 8/8/2010
Status: offline

quote:

i would love to have someone hold that kind of control and power over me....

Tried it. Was fun at first but got old real fast. Now:

(in reply to humbleslaveslut)

Profile

Post #: 23

RE: what do I need to know about financial domination? - 12/22/2010 8:46:23 PM

Kana

Posts: 6676
Joined: 10/24/2006
Status: offline

Hey, people giving me money is a kink now?
I think I like this fetish....

_____________________________

"One of God's own prototypes. A high-powered mutant of some kind never even considered for mass production. Too weird to live, and too rare to die. "
HST

(in reply to kalikshama)

Profile

Post #: 24

RE: what do I need to know about financial domination? - 12/23/2010 3:20:02 AM

BDSMLearner

Posts: 3
Joined: 7/6/2005
Status: offline

My Master controls every cent and manages all my money. I do not receive money without him knowing. I do not spend without his permission. Aside from the BDSM benefits, there have been financial benefits too. I don't owe any money now before meeting I owed a large amount and struggled to manage.

(in reply to LaTigresse)

Profile

Post #: 25

RE: what do I need to know about financial domination? - 12/27/2010 5:00:21 PM

tarkanas

Posts: 6
Joined: 6/19/2010
Status: offline

quote:

ORIGINAL: Kana

I'm not positive, but in many states you have to have some sort of licensing to give financial advice if you charge for it.
Some common tests include series 7,63, 65 and 66 and for most of those, you need to be sponsored in by a corporation.

Your partially right, you can give all the advice you want that is NOT related to securities. I actually think there may be a way to make this work (speak to a lawyer because I have general knowledge but am not a lawyer) Basically all you are doing is the same thing that every bank out there wants you to think their bankers can do, get you on a more disciplined financial schedule. I don't see anything wrong with you telling someone how to spend their money and how much to invest (by invest I mean put somewhere to grow IE stocks, bonds, cd's, savings). The way to CYA would be to refer them to a true financial adviser for the actual investing but you would handle the part of making them put it in a savings acct.

If you actually wanted to do the investing part (could get sticky but may be possible) you would just have to go get a company to sponsor your 7 and 66 (6 and 63 are lower then this and not really worth getting, I got them first and they are useless).

(in reply to Kana)

Profile

Post #: 26

RE: what do I need to know about financial domination? - 12/28/2010 4:51:34 PM

Need4Squeeze

Posts: 25
Joined: 12/26/2010
Status: offline

I'm yet to get my head around this 'financial domination' business. It seems like an incredibly foolish thing to consider doing over the internet...
It's as if some people have never been scammed before and feel like they're missing out on something.
"Here are my banking details. Please take all my money and give me nothing in return... yes, that sounds like a good idea"

(in reply to tarkanas)

Profile

Post #: 27

RE: what do I need to know about financial domination? - 12/28/2010 5:57:31 PM

tarkanas

Posts: 6
Joined: 6/19/2010
Status: offline

Would you think differently if I told you that I'm a nigerian prince?

I think that you are probably right for the most part. If this were going to work I envision it as being similar to a financial advising session now. It would be in person and the only difference is that the adviser blatantly uses their sexuality and dominance to get the results rather then salesmanship

(in reply to Need4Squeeze)

Profile

Post #: 28

RE: what do I need to know about financial domination? - 12/28/2010 6:03:27 PM

RLMK

Posts: 48
Joined: 6/6/2009
From: SC
Status: offline

A) As his fiduciary, you would have to act in HIS best interests - so the money would have to be separate from you, and you'd have to increase it for him - which you know - does the sub? You absolutely do not want to benefit from his investments, aside from a typical commission.

B) As you get older, you may have to worry about any "undue influence" concerns - this is where gay partners used to/still often are blocked from inheriting.

(Not a lawyer... yet - BAR in Feb.)

_____________________________

Always happy to introduce new people to shooting. Please feel free to contact me for such an introduction. Even if you aren't certain about your desire to become armed, an adult should know the very basics of how to safely handle and unload a weapon.

(in reply to tarkanas)

Profile

Post #: 29

RE: what do I need to know about financial domination? - 1/1/2011 3:18:03 PM

Artemis711

Posts: 1
Joined: 12/28/2010
Status: offline

quote:

ORIGINAL: RLMK

A) As his fiduciary, you would have to act in HIS best interests - so the money would have to be separate from you, and you'd have to increase it for him - which you know - does the sub? You absolutely do not want to benefit from his investments, aside from a typical commission.

B) As you get older, you may have to worry about any "undue influence" concerns - this is where gay partners used to/still often are blocked from inheriting.

(Not a lawyer... yet - BAR in Feb.)

I am not sure that this would cross into being a fiduciary (unless you actually did investments rather then just referred them to a FA with the money you forced them to save). I am looking at this as a very simple transaction. The dom uses their control to force the sub to budget and put money away into a savings acct. Then they force the sub to meet with a FA who tells them how to invest it. If this crossed the line into fiduciary responsibility then every personal banker at all off the major banks would be liable for it. Because when they convince you to open that savings acct they do not have your best interest at heart they want the sale and management knows that it is likely to cause you an overdraft when you do an auto transfer (they used to count on the revenue before the banking overhaul). The banker knows full well that this will happen to you but keeps their mouth shut.

I may be looking at this the wrong way and if I ever were to do it I would make sure my E&O insurance was up to date but for the most part banking laws are SUPER lax until you get involved with securities.

(in reply to RLMK)

Profile

Post #: 30

RE: what do I need to know about financial domination? - 1/1/2011 4:31:18 PM

Prinsexx

Posts: 4584
Joined: 8/27/2007
Status: offline

quote:

ORIGINAL: BDSMLearner

My Master controls every cent and manages all my money. I do not receive money without him knowing. I do not spend without his permission. Aside from the BDSM benefits, there have been financial benefits too. I don't owe any money now before meeting I owed a large amount and struggled to manage.

What you describe is consensual financial management and not financial domination

_____________________________

Owner of asterion

Metawhore.... the sound of a metaphore when gagged
Free woman
Resident thread finisher
To my stalker:
http://www.youtube.com/watch?v=LN2lP_7J7GI&feature=fvwrel

(in reply to BDSMLearner)

Profile

Post #: 31