Using Stocks as Assets for i-864 - Proof of ownership - recent statement enough?

[I&G 2]

Hello,

Since I am a USC living abroad, I am planning to use my US-based cash savings and stock portfolio in order to prove I am able to sponsor my wife based upon assets.

The i-864 instructions say that one must show proof of ownership, and the basis for the owner's claim of its net cash value of an assets. I think they also want you to show date of acquisition.

Has anyone used stocks as assets for the i-864? For my stock portfolio would it be possible to just submit the most recent monthly statement displaying its value?

Just wondering how people are going about handling this.

Many thanks!

[Anh map 2,098]

Stocks wouldn't be as acceptable as cash or other securities. Now if you had substantial holdings they may be more acceptable.

From the I-864 instructions >> Assets may supplement income if the consular or immigration officer is convinced that the monetary value of the asset could reasonably be made available to support the sponsored immigrant and converted to cash within one year without undue harm to the sponsor or his or her family members.

Since there is no way of assuring what the value of your holdings would be at some point in the future the adjucticator may not accept stock holdings.

[CowBoE 429]

Assuming the consulate/embassy accepts asset based qualification,

and assuming it's not IRA, 401K, or company granted stocks that have

not yet vested, if you have sufficient value in stocks, it might be less complicated to

sell it and show them the cash value.

Most discount retails brokers only charge $8 to $10 transaction fee.

[mallafri76 1,012]

My husband and I are using assets for our AOS. Most of our assets are in property and stocks. We are expecting an answer from NVC within the next week so I can let you know the outcome when I hear from them.

I think that since your assets are in the US, that might make it easier. Ours is in Sweden.

As proof of our stock portfolio and bank account, we got a letter from my bank that stated how long I've been a customer and how much we have in stocks and bank accounts. The amounts were given in Swedish kronor with the USD equivalent. I know others here have said that they enclosed a print out of their bank account for the last six months, to show that the money have been there for a longer period of time and not just added for the AOS. So unless you do a lot of day trading on the stock market, you might wanna include a print out of your bank account that shows money going in and out, as well as the money going from your bank account to your stock portfolio/trading account.

[I&G 2]

Thanks mallafri76.

I think what I will do is show my investment portfolio statements displaying when I acquired stocks that I own and also show the value of the total portfolio over the past several years.

I get that there is no way to assure the value of holdings in a stock-based portfolio, but its unlikely they will go to zero within the next year. Also not interested in selling out stock holdings just for the AOS. I would have to pay tax on capital gains and then have less money to re-buy them after the AOS phase.

[mallafri76 1,012]

Thanks mallafri76.

I think what I will do is show my investment portfolio statements displaying when I acquired stocks that I own and also show the value of the total portfolio over the past several years.

I get that there is no way to assure the value of holdings in a stock-based portfolio, but its unlikely they will go to zero within the next year. Also not interested in selling out stock holdings just for the AOS. I would have to pay tax on capital gains and then have less money to re-buy them after the AOS phase.

As promised, I was gonna let you know if they accepted our bank letter or not. It seems they did or I think they did anyway. I mean we got a checklist but it says we need a joint sponsor because the assets are not in the petitioner's name, which to me sounds like they were ok with the backup for the assets, just not that they were in the beneficiary's name.

[I&G 2]

As promised, I was gonna let you know if they accepted our bank letter or not. It seems they did or I think they did anyway. I mean we got a checklist but it says we need a joint sponsor because the assets are not in the petitioner's name, which to me sounds like they were ok with the backup for the assets, just not that they were in the beneficiary's name.

Thanks for the update. Isn't it possible to include the beneficiaries assets as part of the I-864? I thought I read somewhere on the I-864 that you can include household assets using some other type of I-864 form...

Maybe I misunderstood that. In general I find this all a bit confusing overly complicated.

I guess we'll see how things go with our application. Most of my cash/stock assets are in the US and in my name so hopefully they don't require us to get a co-sponsor. I am self-employed in Poland and will continue to be in the beginning when we move over to the US.

I'm still waiting for Tax Transcripts to be sent back to me here so we can't really send our completed NVC package yet. I'm finding the waiting the most annoying part of all this.