As an Australian expat, what are best options to invest money in the United State and Australian stock market:
Best Option to Invest the Money in US and Australian Stock Market. I will refer later on to an obvious mistake to avoid, but before doing that,. I presume you that you’re an Australian and living overseas there, and not a citizenship of Australia or living in Australia.
Anyway, in either cases, the great options are kind of similar:
Invest with a portable broker in any country but that must be reputed in that. Regardless of whether you do it yourself (DIY) or invest through an advisor there for your future.. In other words, they do not close down your account there if you shift from country to country or any other place. Some brokers do that. I know some of them means two people in this year who needed to pay taxes as their a broker and closed down accounts of them their. Both refused to send the payment or funds and would only send the cash.
One broker who also advertised on their website that they do will that, in fact, send funds or payment and not just cash did not fully live up to their promise in that country. They sent 4 times funds by in-specie transfer (send the payment or funds and not as cash) but for some kind of reason refused to do that funds for the 5th asset. They insisted on liquidating the position and paying to his personal account in their country. So, If I prefer you do not focus on localized solutions.
For this kind of reason, the third country brokers that are specialized in the expat niche are often better than the brokers from your country of residency or citizenship of any other country. Exceptions do apply – for instance for expats of Americans.
Some of them on from that point one, The European Union restricted that kind of access to some kind of ETFs recently.. but for the brokers that are not registered in the EU (European Union) many of these restrictions do not apply. That, once again, shows that some of the benefits and profits of considering non-local solutions as an expat. Best Option to Invest the Money in US and Australian Stock Market.
If you want to avoid taking tax risks, it is better to own United State of America index funds or ETFs. Which are not domiciled on the United State markets. For instance, the S&P500 domiciled on the British/London Stock Exchange (in Euros, USD or any major currency of that) as opposed to on the New York Stock Exchange. The performance of fees, and everything else will be almost there identical.
Investing in the Australia and United State stock exchange Markets on the same platform. Should be enough or more than possible. Again, I would go for a third another country option if that possible to me.
Never think about that “now is not the right time to invest”. There will always be kind of elections, unexpected events and various crisis there. People make the same mistakes that time and again with this. I was recently invited to make a media comment on this and mentioned how many people. Made the same mistakes before the 2020 United State Election as they did in the year of 2016. To Humanize The Securities Markets As Rational Is a Mistake.
Of course it depends on so many and kind of different things as well, including your age. (as that links to your ability to take risk), how much you want to invest and for how long term. Best Option to Invest the Money in US and Australian Stock Market.
One of the exceptions of mine to the above is if you live in the United States as an expat.
In that case, it is almost and always best to keep money with a local American broker. For tax and other reasons. May you want to read about Hollywood Movies Click here!