His 9- Best Secrets to Making Money While Living in The Philippines. 

If the guy believes that US citizenship and Puerto Rican citizenship are different how can you follow anything he says?

You are 100% incorrect on giving up citizenship. “Bonafide Resident” for tax purposes has nothing to do with giving up your US citizenship. I’m appalled your accountant would say that. WOW.

I'm puerto rican. You don't have to give up your citizenship .The only thing is that you cannot vote for a presidential election if you live in Puerto Rico and are a residence. You have a good tax advantage. And you have to have an investment. Because to keep it, you have to be in Puerto Rico for substantial length of time.

This is not a win win situation,you can lose your money ss much as hou can gain money,this basically is called gambling

Good grief,,,,,,, Puerto Ricans ARE US citizens.

@ 22:30 The purchaser of your 11.00 Call does Not need $1,100.00 collateral. Their $40.00 is all they need. (100 x $0.40 = $40.00) A call buyer is under no obligation to buy your shares, they have the "right" to, if they choose to exercise their contract, however, no obligation. You as the premium seller have the "obligation" to either sell your shares if you're selling covered calls or the obligation to buy 100 shares per contract if you're selling puts. And that's assuming you and your counterparty let the contracts go to expiration and don't buy your calls back or roll them. Another discussion in itself.

In option trading there are 2 sides, for you to win someone else has to lose, and vis a vis - It is by no means a sure fire thing and anyone who says different is full of it!

I started my professional career and retired after working for 8 different companies in Silicon Valley. In my opinion, Silicon Valley is the center of equity investing. I know personally many of my former co workers and many close friends either became rich or lost everything because of day trading, puts/calls , options and other high risk/high rewards investments. I am not one of them who will put everything in one basket. My investments are very diversified, I always think of what IF scenario. My strategy paid off. My wife and I are financially independent at the age of 55. Our lifestyle did not change and we continue do many international trips each year. We continue to live the same house we bought 35 years because our neighborhood is one of the desirable place to live in my metro. The reason I share this is to be caution of where you put your hard earned money. You many win but you may also lose. If the investment gurus in the wall street know what they talking bout, how come they continue to work? This is my 2 cents.

Main problem is if stock FALLS to far ,then you cant sell any more calls at that same price,,premium goes down to nothing ,,so then your stuck with the stock at a lower price & calls are not high enough to make any money. also you may need additional cash to pay for option clearing house margin,, protection is to buy a put to protect the stock from dropping to far ,,its called a married put. little less profit but a lot more secure,,,sell call,,buy protective put,, if stock goes to high,,roll the stock up to next week,,collect more premium,,the let get exercised. many different styles to do,,main is to staysafe & dont lose your cash. if themarket crashes,,then you will lose more then you can makein the long run,,selling naked puts very dangerous,,need plenty cash to cover it.35 years doing all this. only in Australia stocks,,safer

Well done Kevin, taking down that vlog yesterday was the best thing to do. A problem shared was not a problem halved in your case yesterday. Explaining the details to the masses yesterday was something you should have only shared with close friends and those you trusted. Hindsight is a wonderful thing! So many viewers do not understand your trading, nor should dabble themselves. Also too many troll's. So glad your accountant has given you good advice. Keep on vlogging.

Good intelligent interview, I subscribed. Tah Mark!

You don't give up USA citizenship. Get a new accountant.

I saw Kevin"s video this morning. It would be great if he made a few videos on Option trading. Thank you.

If it was easy & risk free everyone would be doing this type of trading.

In Csnada we pay 25% withholding tax on earnings and on pensions sourced from Canada. Income earned in the Philippines or anywhere outside of Canada is not subject to tax in Canada. But could be subject to tax in that other country, depends on that country.

Sounds like he's trading options and futures - scary stuff if you don't know really how it works.

The Australian government is thinking about taxing its people overseas as well.

He is poorly advised,, being a resident of Puerto Rico does not mean renouncing US Citizenship

Great video guys. I'll be heading to PI in a couple of weeks. Be nice to meet up if possible.

Hey Kevin, sorry that your tax break plan didn't work out for you, but, I get there in February, so, I get to meet you. You and Mark are among my favorite vloggers.

Good interview

Great video, Mark. Kevin, you and your covered calls options work are very interesting. But i barely know how to run my cell phone, don't know how to work ATMs, so it would be a huge risk to put my money into a den of wolves at Wall Street. But hats off to you. Cheers.

Kevin’s video yesterday was very interesting and informative. I hope he’ll do a follow up. It’s great to educate the Filipina to give them a way out of poverty 👍💸

That brokerage is likely 'Interactive Brokers'

Good video

I think you know what you are talking about, but some net-picking on my part (misspelling intended.) ETFs are Exchange Traded Funds. I think you said Electronically Traded Fund. But really cool video.

I saw that video. He's really into, and excited about, trading, stocks, etc. I know I won't be able to continue to do that in my situation when I get to the Philippines in a few months. So I handed that responsibility to a fiduciary. I figured one day I will lose my mind, do a panic sell, make the wrong decision, and lose too much.

Stock trading will be one of the ways we add to our bank account when we move there as well. I day trade and swing trade now and love it. It blows my mind that more expats don’t even attempt to learn how to trade to make exponentially more money while in the PH. Once you put in the time to learn you can earn so much more, in less time than all that time it takes to shoot video, edit and then get crumbs from YT Adsense. Adsense makes no sense for most channels lol. 🤙🏻

its called swing trading

Very interesting stuff, I have always been scared of investing in the markets, I don’t know enough about them, but willing to learn 😊

Great interview Mark. I always enjoy listening to Kevin. I’m more like Warren Buffett. Get rich slow. I just got off the phone from Che and am getting really excited about being back again. Thanks for sharing! 🙏

I love it when you throw some 90's rock.

If you are trading you should be a trading company and pay company taxes vs short term capital gains. Should be able to deduct expenses that way. I personally do longer term investments or speculations but the trading stuff goes to prop firms with Thier money

Another great interview Mark. While I have no doubt Kevin is successful with his investing strategy... I still do not understand what he is doing. It is probably a very simple strategy for investing once it is comprehended but this is all beyond me.

Hey Mark..Your guest is so full of bull it's pathethic. I've been trading stocks and options for over 50 years. He doesn't know what he's talking about. There's no way he's making the amount of money he's talking about. Can't wait until he does the vlog on his trade.

I used to do Forex trading for years but in the last 2 years I lost more than I could bear and gave it away but still have a balance of $325 AUD with FP Markets in Oz even though I live here on Cebu for nearly 2 years now... maybe options might be a better move and fit for my temperment as FX has become a bit of a gamble rather than clever trading however I am looking at gold again as the market moves are better as are the indicies but it is quiet now this time of year...Will look at options more colosely now. thanks Mark and Kev great discussion.

All the world banks report to IRS if Americans have a bank account

Would love for Kevin to make a video showing how to do the three Trading things he talked about. Just turning an extra $100 a week in the Philippines would be a major addition to one's budget.

Armstrong family were living there in Ilocos norte, Their business is building and selling houses to foreigners .

Fellow Hoosier here…! Like in Elkhart, the RV capital of the World…😊

Great video. Selling options works well (until it doesn't) but covered calls are generally a safe strategy(providing the underlying stock isn't really volatile). I will just state for people here not familiar, his 3 stocks that he talks about and their annualized returns: he says he has done prelim research and one is 19.5% a year, another is 39% a year. The higher the % means the higher the volatility. When you sell an option, you are selling time and volatility. Volatility = risk , also just know that if you buy a stock and it goes down in value 20%, selling options against your shares also goes down due to it not being as large of $$$ percentage wise. Any gamblers out there? China stocks multi year lows lol.

👍

I've been doing US and Canadian stocks and options for years with my registered accounts on TD Direct Investing platform, even while on vacation in the Philippines. Having the 12-hour time difference, and travelling to different places, it's hard to keep track of the market, and I lost a lot while being there. They said it's risky when you're retired, but when you're doing it right with a defensive mindset, stock market is one of the better options for retirees these days.

Hey, I'm still watching the video. But I do the same thing as Kevin. Tell him to look at Georgia, Eastern Europe. Low cost of living and there's a 1% tax visa if you stay there for 183 days in the year. I spent my first 30 days in the Phils in November, and I liked it so much I'm coming back week after next. But, six months georgia, and six months Phils sounds good to me.

From Baguio, it's only half an hour's drive to La Union where you can find beaches.

You absolutely do not have to give up US citizenship. You do have to become a resident of Puerto Rico.

Yes everything is reported to the IRS! But foreigner investment income is not taxable by the US to a foreign individual not a resident or inside the USA. Usually their local country does not tax that income either. Only the US taxes world wide income. I lived and worked in China for 3 years and had to pay taxes to Uncle Sam above the taxes I paid to Xi Jinping.

So why he deleted the video?

I've been wondering about options for a couple of years now. His explanation made it sound so simple. I would love to learn more from him.

Great interview!

Thanks Kevin for taking that video down. First time I watched it it made my brain hurt. I was going to watch it again but now I do not have to go through the pain and agony of watching it again because I just don’t get stocks the way you are doing them, guess I just ain’t smart enough. I bought 100 grand of bitcoin in December 2022 at $18,000 a bitcoin and just cashed out at $42,000 a bitcoin. Only thing I have ever found to make money quicker than real estate was bitcoin as long as you, get it good coming in and going out. I always make my money on flipping real estate and buying and selling rentals. I do love listening to you talk about the way you do stocks because it is very interesting and sounds productive to me. Be looking forward to your new video.

Australians may be exempted from being taxed in Australia, but for living in the Philippines, full-time they do not get their pension - it stops after 6 months of absence 😢

Vigan city was one of the early Spanish settlements in the Philippines and was founded in the 16th century rather than the 13th. I think he just mispoke.

Kevin, Have you considered doing the poor man's covered call strategy rather than the standard covered call strategy? This would reduce your capital requirement (as you don't need to purchase stock), it will also increase your ROI (return on investment) and reduce risk.

The important thing to know is Kevin just glosses over and even downplays the risks. The risks he is assuming are large. I highly recommend you research the strategy he is using and watch some videos. More than 1. Look for the videos that clearly explore the risks. Be extra careful as extreme markets allow for short term anomalies. Periods where a simple strategy seems full proof....Kevin is highly defensive so impossible to have a responsible conversation with I did cringe extra hard when he made it sound so wonderful i just take 10 minutes each Monday and then its off to play. Kevin do yourself a favor and talk to people who have a great depth of understanding the risks. Despite you being so unlikeable when confronted ill offer 1 more piece of free advice. Look into how the Philippines legally deals with giving investment advice. Ive no clue but wouldn't be surprised if it could be problematic offering investment advice online to masses. Kevin deleted me so im happy to not deal with him going forward. The comments did give him the fear of god though....you can see the fear in his eyes in this video. Thank you Mark for allowing a neutral conversation space

He removed his video from the other day, perhaps he realized that posting a video revealing your estimated worth is not very wise...

several BTC ETF has been officially approved and its launch will be in a few days . . i've been invested in crypto so i can multiply my resources so that i could join you guys there in the philippines

***** First Off This Is Not An Attack just an observation to answer some comments & questions below. I've watched both channels and very much enjoy both guys.***** : He wouldn't say why he took the video down but I saw the video and the comments ... and the comments were tearing him a new one. Not all of them but a helluva lot. But you have to remember that the haters are not making money or they wouldn't be on RU-vid armchair quarterbacking a so called idiot/scammer/etc. With that said... The video sounded like a get rich scheme in the beginning but then it came around and sounded more informative in the end or not as suspect. I think he just didn't convey his message as colloquially and elegantly as he wanted and/or the viewers needed. It's like the information is correct but there are a lot of technical loopholes where it can all go wrong and he didn't really touch on them AT ALL. Bottom line was that he didn't really have to move to Puerto Rico because or since he is making 100's of thousands of dollars a year. He just hates giving so much of it to the U.S. government. He also never mentioned what % you lost to taxes on the short term gains which really seemed sus or maybe he's just illiterate on the tax side of things. It was like watching a top chef tell you how easy it is to make a dish and they grab a pinch of this and a dab of that and spout out all their expertise of what they are doing but they can't really convey their finesse that took years to acquire so you are never going to know all the mistakes of oven temps, indoor humidity, time from mixing to skillet, exact pre-conditioning of elements of the dish that are by touch, etc etc etc.. Many commenters/haters questioned why leave the Philippines if you making so freaking much $ regardless of how much you are losing if you're still making so much bank. It almost sounded like your loser friends that go to the casino every weekend and they come back and tell you how much money they won. THEY JUST DIDN'T TELL YOU HOW MUCH THEY LOST. They won $350 but lost the $350 plus another $200. Because if everyone was winning at the casinos like they say then the casinos would go out of business. I thought he was going to start selling classes to learn how to do it but it did not come up. But it did subliminally come up in this video. So do what you want with that. I think anyone interested in the PLAN just needs to watch a lot of Other RU-vid How To videos on the topic and determine if they have the intellectual fortitude and the money in the bank to ideally start small and work up to the massive amounts of money he was professing to make each week. I forgot what it was but I felt like he should have surely been clearing $150,000 UDS yearly. If I was making that much I think I would have 2 accountants and two lawyers. I wish I had the stock market prowess but alas I do not. Best of Luck / Skill to Kevin & Jenna Lynn and Mark & Jen and all who endeavor to make money and not let the mafia *(gov) and their goons *(irs) take it away from you. ☮🕊✌

I saved those two videos of his if you didn't save them.

We leave all the trading to our Financial Advisor. He takes a percentage off of the gain = less hassle and headache. I could do the trading myself but why?

And if your stock goes DOWN??!! Your losing capital$$

Kevin, what's your favorite stocks for selling puts and calls.

This guy should sell a course on selling options lol i feel though unless you are good enough with numbers many still would fail. But good money maker to just sell the course too.

I dont know anything about what the guy is talking about with this act 60.. but it's clear to me from reading the comments that none of you likely know what a US citizen actually is, and almost none of you who think you are, actually are US Citizens. Youve been claiming it all your life and the US lets you because it benefits greatly from it.. re: taxation... But most likely and almost certainly, you're American Nationals. Its way too broad a topic to explain briefly, and you probably wont believe it, but if its piqued your interest, lookup roger sayles radio ranch podcast and give it a listen. He explains it pretty well and has a few videos where he explains different aspects of it.

I want to see quality picks that I can keep if I get them assigned to me.. dividend achievement stuff

I need kevins stock knowledge . i have e- trade . just starting out. i hope he does a traing video

I like this vid. Good interview.

I would love to know more how she does that in the Philippines.

But how do you trade when Schwab fidelity and I suppose most US trading platforms are not accessible for foreigners living in Phil. Is using VPN reliable?

Doesn’t sound correct and crime rate is too high in PR. Check out Panama.

Interested

You can start a company in a low tax zone and do it through that.

I don't mess with that I buy and hold . I have AMC

I do the same thing. Do you use the wheel? 100 shares?? I'm selling against 10,000 shares of stock?

He is incorrect about XRP. XRP has been deemed not a security.

Bitcoin is about to make a jump due to Blackrock getting the Gov to approve their ETF.

Residency isn't same as citizenship!!

day- trading and swing trading use it to pay my rent lots of fun

I like to sign up for a class..,I'm in texas

Hi Mark, thanks for giving Kevin exposure on your channel . I’ll be paying close attention to his videos . I am late 40s and looking to make the move from America to Asia in the next 1.5-2 years from now. I think Kevin’s strategy makes sense, since i am in no way looking to ‘get rich quick’.. i dont even need to make as much as he does.. I dont have a “math mind” as he does, but i have a rudimentary understanding of the market- and i may try his strategy, starting small, to see if i can get to the point where i am generating $350 USD per week, or $1400 per month ..anything above that would be gravy.. but that- along with an emergency fund/cash cushion/other smallish investments would be enough for me to finally vacate the America hellscape.. thanks again .

My head hurts ! LOL

I think the red flags showed up because he claimed to have made so much money in a short space of time and because of huge taxes he deemed it to big of a loss prompting him to consider a move to PR. Because he was overly defensive to obvious knee jerk questions this raised doubts. All i advised was youtube was not the best place to promote get rich quick schemes and that if he was so successful why was he promoting the sales/ rentals on behalf of a property company for a small commisson.

Hmmmm????

almost said elude lol

Lapu lapu killed Magellan or Magallanes in Spanish in 1521. The next Spaniard, Lopez de Lagazpi arrived in 1564, late 16th Century. Vigan was being built in the 1200s? Or the 13th century. What Eiropeans were building Vigan.?😮 I do not know about his options strategy. But he needs to do some simple logical maybe😢 even critical thinking with dates regarding history. He likes to talk so fast logic may be lost...he is contagious i admit

Talk to Peter Schiff

It would be foolish to give up US citizenship right before you are eligible for your Social Security.

Don’t do that video. You have nothing to gain. You might also be in trouble since you are not an financial advisor. What have you to gain teaching people this? I see a lot of trouble for you doing this. And again be careful. This is a very good thing for you. What if people get in trouble for this. People are going to mess up their tax and some people will loose money. My advice is not to do it. Keep this to yourself.

dont do stock options or cover calls youll lose your money just invest on target date funds.

IM RETIRED NAVY US CITIZENS AND WANT TO LIVE IN PHILIPPINES FOR GOOD. BUT US CITIZEN CAN ONLY STAY FOR ONE YEAR MAX AND NEEDS TO EXIT AND RE STAMP PASSPORT

Have seen both of your videos. His video was being eaten alive by negative comments. Tried to go back and view again not only 5 minutes later and was already taken down. I think his girlfriend wants to get more serious and its his way of packing his bags. In his earlier videos he said how much he loved the Philippines and the people. He has been here over a year and now finally figured out how much he has to pay in taxes ? Shouldnt have gotten involved with a filipina if deep down u knew you werent going to stick around. If he did go to Puerto Rico, I doubt he would have done all the things he said for his girlfriend. Just my opinion. Adios, hasta la vista baby and never came back.

I want to learn this guys strategy can you put him in touch please