I do my banking with a major Swiss bank for many years. They’re very good at what they do, not at all stuffy. They have clients who are famous sports stars, musicians, and of course, regular business people.

@Fenris__

4 ай бұрын

and most importantly - they very aggressively take your money on every step you make you're basically a pinata, letting them hit you with a bat saying this as a lawyer working in private wealth management

@peanut0brain

4 ай бұрын

Can't trust swiss banks. They froze Russians bank accounts at the request of Biden

@jameswalker366

4 ай бұрын

And I bet you are paying over 1.5%+ in fees every year for the pleasure if you take the time to work out all the layers, custody, transaction fees, Swiss stamp duty, spread, FX, non-Swiss ISIN. It’s daylight robbery.

@peanut0brain

4 ай бұрын

@@shaun3713 I came to China to associate with a "crappy" dictatorship . I seem fine lol😂

@thatisme3thatisme38

4 ай бұрын

Seems u may be paid by the Swiss bank lobby

Hub Banking...great idea...find a bank that works as a "go between" to bridge the gap between the "stuffy" banks that don't want to deal directly with banks in the low tax jurisdictions, like the eastern Caribbean or investments in the frontier markets... a kind of tier A, B & C for banking. Thanks.

What's interesting about diversification is that it intuitively makes sense, meanwhile the cornerstone of market economies and free trade remains that we all get increasingly wealthy with increasing specialization. Indeed most people accumulate wealth, not all of course, by having a business, which, almost by definition, is the exactly opposite of diversification.

@justinbeghly1435

4 ай бұрын

Correct

@joshw7974

3 ай бұрын

I think that's the wrong way to look at it. Diversification isn't just about wealth accumulation. It's a safety net. Specialization is the money maker.

30 years ago I found the local people in the Cook Islands not too friendly with us as foreigners. I had the impression, that they were jealous that we could leave any time but they had to stay in what we thought was paradise. The world is crazy and I hope it changed for the better for the locals there. Great deep sea fishing and having your "catch of the day" served at "Trader Jacks" was great. Piti that we did not get the huge mai mai in the boat that I had battled for 2 hours .....

This video was excellent! 👍🏻👍🏻👍🏻

Thanks!

Thank you for this video. What you explain has a lot of common sense. Being on the ground, do local banking to do local investments is indeed the way to get the best ones.

No way new foreign clients are getting in on favorable PE deals

Andrew, have you read The Great Taking? What did you think of its ideas?

Fascinating!!!

Thanks,Andrew.

great stuff Andrew. I am looking to move my business from Germany to Singapore. Purely because my focus is based in South east Asia region and also the ease of business in Singapore.

Bitcoin is the answer! #BTC #Bitcoin

@derrick8224

4 ай бұрын

Absolutely agree

Interesting

When renouncing, is the exit tax based on what I own personally? Or are they able to discover cash flowing assets in a land trust as well?

The Nomad individualist! 🎩👌🏻

Really appreciate the information! I can't stand banks that are not efficient. Just as a side note: I don't know who did your lighting setup for this video but it is absolutely stunning! Please pass along my appreciation.

Interesting.. nice touch on the asian markets. I generally just use an hsbc expat account and most of my investing is on IKBR. Granted some limitations but the main old school warren buffet stuff around dividends or vanguard etfs are covered there. I know Nomad was talking about to not put all your eggs inside HSBC's expat accounts but yeah working on that atm... (most likely they'll freeze stuff like they normally do but so far the support folks in that bank have been wonderful). I stay around in philippines (they have a territorial taxation system where as long as you don't make bank on filipinos/local populace or the local tourists you're fine)

@JessicaT10118

2 ай бұрын

I'm glad you've had good luck with them. Wiring funds with HSBC can be an absolute pain. I've probably just been unlucky lol

The way I see it and i am sure many savvy investors do as well. "If it is advertised to the masses. IF they need a salesman to sell the investment..." AVOID

We'd like to see a collab between nomad and schiffgold...

Gold is totally manipulated.

Hi. Do you guys have someone in your team that speaks norwegian?

I thought this was about investment strategies, not banking.

It's just a shame how much effort has to be undertaken to minimize the strangulation of taxes imposed by taxpayer funded governments.

If diversifying into fine art, I would start by discarding that crappy painting on the back wall, and find a better work of art.

Or do something radical, simpler and very effective … look at Kinesis money, KMS.

The savvy big investors do not invest in Index funds. They invest in private equity at the ground floor. US stocks have their place. It is the only stock market I ever trade; Look at stocks like HOLO, BMR, SMCI...... Some "insiders made a ton of $$$$$$ last week. Tens of millions

Hmm, what about those with under 10M but over 5M?

I want some passports and some properties. Money is no problem but suggest me a way. I am from a poor country India

People should boycott Swiss banks purely on the basis that Switzerland accommodate the WEF.

Hello! Can you tell me what country easiest to open a normal bank account on online with a international ID?

@nomadcapitalist

4 ай бұрын

In this video we have covered them all, hope it helps: kzread.info/dash/bejne/eoh_sLqenKmeg84.html

@ats7024

4 ай бұрын

@@nomadcapitalist I watch the video what you share me. I need a cheap cost checking account where I can sign up on online with my international ID card. Is there any bank can I open on online? Like as Monzo in UK, N26 in Ireland. I just mention here the example. I want to open a bank account online from abroad. I can show my international ID card for identity verification. Is there any cheap bank available can I open a account on online in the world? Please help me.

@Holdeenio

4 ай бұрын

@@ats7024use Revolut - allows a multitude of currencies.

@michaelheery6303

4 ай бұрын

​@@nomadcapitalist we all knew about SINGAMORE yesrs ago..

What do you think about Bank of China here in the US?

Andrew I have $100 in my account how do I diversify so I can become Uber wealthy?💰 I was thinking a Vietnamese ETF or a rice paddy or chickens. Hopefully by the end of the year I'll be driving a Rolls-Royce through Bangkok.

When was your barmitzvah?

imagine how big problems people with wealth ( the 1% ) have... having money diversified by country 😂 i dont have that issue. All my wealth is in #bitcoin. geographically replicated, transaparent, uncensorable, divisible, and most of all in my total control.

I am a traders. Diversification is a thing of the past. Property is no longer that interesting as countries in the west have gotten smart to it and levy huge taxes, yearly and when you sell the property . On top of that maintenance. What the rich do is have one bank they negotiate with a very low fee . You can buy etf s from all the countries in the world through the New York stock exchange , so you do not need to open bank accounts in the countries you want to trade in. But as I said diversification is a thing from the past. Right now it is winner takes all.

Invest in Chinese yuan

@user-gy6jg6cf8z

4 ай бұрын

seriously？😂

@GG-ug9hd

4 ай бұрын

@@user-gy6jg6cf8z you can laugh now all you want, you’ll be cry in the next 2 years buddy

Nomad is hands down the OG of this space.