Warning: My tax situation is almost certainly different to yours.
Quote:
Originally Posted by
zb3
Thanks for that GTM. On first glance these guys look quite good. It seems they even offer access to vanguard mutual funds. Are you using them/have you used them in the past and do you recommend them?
TD Direct in Luxembourg offer me access to a lot of things which are very useful, but charge me for these very useful things.
They offer me custody services. They offer me accounts in multiple currency. They offer me access to a wide range of Mutual Funds. They offer me access to a wide range of ETFs. They offer me access to direct investment in specific shares in a wide selection of markets. They are easy to pop money into.
Note that they do not pay interest on cash balances. Note that they charge for custody services. Note that they charge brokerage. Note that they make money on multi-currency transactions.
Primarily they offer me a "one-stop-shop" which allows me to keep all my non-NZ non-bank investing in one easily-accessible place. This is my main reason for using them. It has worked well for me for years now.
I will shut up now as I am starting to sound as if I am on the payroll.
But before I go - be very careful about all of this. Much of the work of investment is in administration , in compliance, and in taxation.
Before you start flinging money around the world, make sure that you know what you will be up for in the way of tax liabilities, where those liabilities will fall, how you will deal with them when they arrive, as well as the inevitable compliance and administrative overhead