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@NomadCapitalist I think maybe the most Stable currency OF the world is dinar kwaiti and is all based on oil. What do You think? It's difficult to find a place where the real state cost the same or very similar to our native country to Buy and get another passport. Example I live in Colombia... What do You think?
I have traveled and lived overseas a lot and find WISE to be extremely useful. So many currenices, extremely low fees, fast and reliable. Another thing is, if you open a foreign bank account, many of them offer very high interest on savings accounts. Like 5-10% or even higher if the country is really looking to get people to deposit.
I would recommend avoiding holding fiat currencies for long periods of time because of the built in loss in the form of inflation and instead buy some index fund from that country. For example, instead of holding usd hold s&p, instead of holding gbp hold something like the ftse 100, and so on. In some countries that really matters like in say Argentina with it's insane 120% inflation the MERVAL, MERV s&p fund, has like 250%+ return even when accounting for inflation. One can hedge themselves against both currency inflation and inter currency fluctuations by doing that.
@@peanut0brain It is all basically gambling or "playing the odds". Historically the s&p has had a 10%+ correction roughly every 2 years, a 20%+ correction roughly every 7 years, 30%+ roughly every 12 years and there have been a total 5 incidents with a 40%+ crash. Having said that, even if one had held stocks before, during and after those large corrections they would still have gained in real terms as compared to someone who just took dollars and buried it in a hole somewhere. This same sort of statement can be made for most currencies/stock markets in the world. In general if a person can't weather bad times without freaking out then investing just isn't for them. One has to detach emotions, not be too results oriented in the short term and trust process over results in the short term. Just as an example, lets say we had a game where I would pay you $1.20 every time a fair coin landed on heads and would take $1 every time it landed on tails. The ev is (0.5*1.2)-(0.5*1)=0.1 which means one can expect to win on average $0.10 each time they flip the coin but there is nothing to say they won't get 5x tails in a row and lose $5(roughly 4% chance of that happening every 5 flips).
I'm a family man and have not got a lot of money. I am Australian but am not happy with the way Australia is going. If you had $10000 AUD where would you put it to get the best return while possibly getting a permanent resident visa of some sort (or is this impossible) for me and my family? 😊
Nowhere. U need 35000 USD for Nicaragua and it's the second poorest country of the america. Costa Rica it's 60k and mexico is about 47k. And these 2 gives u only a temp permit.
You are asking 2 questions ... where to put money and where to live. Be careful sith bank accounts because the Oz govt thinks it has the right to know about, and tax/regulate you on O.S. accounts. Where you live may depend more on what you do for a living than how much money you earn - eg doctor, nurse, IT etc
Andrew did a video on how Australia is "copying" the US. With global taxing and wanting to know about citizens' offshore affairs. Maybe Thailand or the Philippines will offer you an affordable life, in which you seek.
I hear you and that's why I left. I'm a dual citizen and one of them is Australia. Australia hasn't adopted the US overseas taxing ...yet. But if you are not an Australian resident for tax purposes then you don't have to pay any taxes in Oz. That means, you don't own any property in Australia AND don't reside there anymore. You can still have an open Aussie bank account and phone # though. Also, Australia has some tax treaties with other countries so that if you're living in one of them and paying their taxes, you don't have to also pay taxes in Australia.
Fiat currencies by nature are designed for the issuer and groups closest to the issuer to continually make more debt and get interest from loans in order to take advantage of those without direct access to the money printer. Keeping money in any fiat currency is gambling with your savings. Who knows when they will go through hyperinflation, making all currency essentially worthless (it has to happen eventually, but in some countries, it suddenly happens). Anything tied to the fiat currencies (stock market, bonds, real estate etc.) are also tied to the insolvent debt and in essence have a "fake" inflated dollar value attached to them (also not a good idea in my opinion). Only viable option would be the hold hard assets - gold works to an extent, although it completely failed as a gold standard already. The most practical option now is Bitcoin.
Everyday I see videos of bitcoin crashing (to maybe 8000) and few minutes later I see videos arguing for the opposite (100k to 1M). Don't know what to think about btc
If you understand how their system works you can use THEIR fiancial instruments to transfer wealth from others like they do and then convert their FIAT CURRENCY into real wealth of commodities..
I'm just going to put some money in unallocated gold in Singapore. On the way to Thailand when i fly there. Usually do a stopover anyway. Singapore is awesome
This was one of the more interesting videos I seen from you Andrew throughout the years and I appreciate the content :) but I would like you to do two things for now :) 1) Talk about the intricacies of currencies around the world 2) Compare US territories "Northern Mariana Islands" Vs. US Virgin Islands Vs. Puerto Rico for like physical presence, taxes, banking, real estate/ land, unrealized laws etc.
Guys, something i still dont understand... If you hold index funds in jurisdiction x but your tax residency is in a country with no dividend tax, do you still need to pay tax in juridiction x? Am I right in saying tax has already been withheld? Therefore and you allowed to claim it back? This topic confuses me a lot. Somebody who knows what they are talking about, kindly explain.
Hey dont tell everyone of our secret with Malaysia! I dont want people to go there because they will just raise the price! I plan on retiring soon and Malaysia is high on my list!
Do you realize how heavy Silver is? Twenty pounds (heavy!) of Silver is only worth $800. How much of your wealth can you really hold in Silver coins? How are you going to move your Silver to a new location should you have to quickly leave where you are at? A pound of Gold (easily to carry) is worth $32,000. Even 5 pounds is not heavy, but the value is $160,000.
Until another superpower, with global military might, with the largest, most technologically-advanced, and most diverse economy in the world, and most important, the rule of law,...all this talk is wishful thinking.
Do not forget about Asset Backed Digital Currency such as Glint. I have used it all over the EU as well as the US. money is tied to the allocated gold in a Swiss vault.
Damn bro! I want to go to the NCL in Malaysia but unfortunately I am in the matrix still and September is too short notice for me to get permission from my job to go there. Next year's NCL I will be there.
Live the information. What is your read on the growing list of nations joining BRICS and how do you see this play out militarily as the dollar continues to get hammered? Yes I’m asking you to play psychic here but do you believe it would have take the USA out militarily for the reserve currency status to change? Or would it be a situation of a global annexation from the cool kids lunch table now (BRICS) countries and leaving all the theoretical unpopular kids to sit by themselves (USA UK Dutch)
If the HKD goes to RMB, it will be a bloodbath if you hold HKD, not an appreciation. A freely exchangeable currency becomes not freely exchangeable, no thanks.
This is almost criminal recommending exchanging dollars into another foreign currency. I’ve studied the FX markets and commodities for 25 years and never consider another country’s fiat currency. Absolute nonsense.
@@normalpsychology Thanks! It's been a wild ride when I've lost money on the drops, but now that I'm way up and have multiple properties, and multiplied family member's net worth as well, those drops are laughable. Good luck to you in the current wealth transfer. God bless.
This is a Great Video! I really have a question. For someone watching this video with less than $8,000 to invest, how would you recommend we enter the crypto market? I am at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
Greetings from Boston from Russian Immigrants since 1992, U.S. citizens since 1998. As never before, today we are proud to be RUSSIANS! Proud of our Mother RUSSIA to be the LEADER of the World in this de-dollarization process! GOD BLESS MOTHER RUSSIA 🇷🇺🇷🇺🇷🇺
You should be extremely proud of your home country, Russia, and your leader, Putin. He does what he says, and he says what he does. Compare that to Joe Biden or Trudeau. You can’t compare.
@@UserUser-zc6fx I didn’t hear him say he hates America or hasn’t assimilated into American culture? What are the accusations? Is he not allowed to like his birth country?
@@UserUser-zc6fxAmericans don't work, American Politicians don't work, they just steal from those that work🤨🤔 Basically America is that terd that clogs up and American Toilet 🚽👋😐💸💉🧠🩸💊☠️🎥📲💻🎪🔍👹✋😎
The greater the automated income you can build, the freer you will become. Taking the first step is the hardest, but 5 houses later living off automated income since July 6, 2016. You’ve got to start taking steps to achieve your goal.
You bought houses in the USA in areas that don't have rent control... a lot of jurisdictions don't even allow u to deduct interest on your rental income...
The dollar is so strong. It is a beacon of strength among all the other weak currencies. No wonder it has the position of reserve currency and likely will for centuries. There is so much demand by the world for the US dollar. The dollar is wonderful and a good, solid, wholesome and responsible investment within the Fx.
Don’t worry, they’ll catch on in a few years. I can almost see this guy recommending holding bitcoin using a Fedimint as the wisest way to store and appreciate assets.
