Step-By-Step Guide To Using LRS For Overseas Investments | Buy Tesla Stock For ₹100 | Moneynomics

[@Christian-jh4dr]

From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Stuart Michael Trading , whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@DerrickFranklin-d6k]

I will Any day any time recommend the best U.S trader . Sir Stuart Michael is really good in trading . I began with as low as $ 2000 and now getting weekly payouts of $ 26,950

[@RosaJoaquin-h3u]

Stuart Michael is an honest and hardworking trader . I really trust his trades .

[@ChameliMuhammed]

Sometime ago i fell victim to fake expert traders and then a friend introduced me so sir Stuart Michael . Who assisted me in my new trades.. And After a week I received my payouts.

[@danyakacee5383]

Salute to Mr Stuart Michael. unlike all other fake traders promising huge amounts of payouts and thereby not paying out at all . Mr Stuart is always ready to give you payouts consistently .

[@FrankJohn-f3g]

Thanks for making things turn around in my life Sir

[@naveent3777]

GUYS BE VERY CAREFUL WITH US BROKERAGES. If you die with forign assets, it will be very dificult to get the assets back to your relatives. Your relatives will need to get a succession document (1 to 1.5 years in Indian court, 10 to 20 hearings minimum) followed by 'document Apostille' by the embassy (0.5 to 1 year). After that, you will need to send it to the US brokers who will take their own sweet time. In all, it will take 2 to 3 years and countless court visits and fees.

[@ramreddymatta]

Valid point ☝️👍👍👍

[@manishdhankhode7686]

Very important point to consider when investing in foreign country. Thank u for mentioning this.

[@johnja5002]

Is it the same for Indian mutual funds which invests in US sticks? Like the Motilala Oswal S&P500?

[@PetterNeten]

Regarding the 3% inflation rate, it's important to note that it may not accurately reflect the true cost increases you're experiencing in your area. In our Midwestern city, real price inflation seems closer to 20%. Do you foresee a reduction in costs for essentials like food, gasoline, or insurance in the near future? We've significantly cut our spending and plan to continue doing so until prices decrease, as we feel it's our responsibility to adapt to these changes.

[@lisahaney-m4o]

Looking at the aggregated totals by kind since 2021, when it started to take off, you can see that the embedded amount of inflation currently approaches 20%.

[@sonyacollins-v9n]

Right, a lot of folks downplay the role of advisors until being burnt by their own emotions, no offense. I remember some years back, amid covid-19 outbreak, I needed a good boost to help boost my business, hence I researched for licensed advisors and thankfully came across someone of excellence. Helped grow my reserve notwithstanding inflation, from $350k to nearly $1m as of today

[@JosefaJeunesse]

this is huge! your advisor must be grade A, mind sharing more info please? in dire need of proper asset allocation

[@sonyacollins-v9n]

@@JosefaJeunesse Finding financial advisors like Elizabeth cordle gross, who can assist you on things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@jeremycazee]

Thank you for this tip. it was easy to find your coach on Google. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@shobhitchittora2267]

Hey Mint team! Great video series. For your next video / print column, please consider talking about how change in tax residency affects compliances in india. Things like changing bank account status, brokerage account updates, MF, PF , us stocks, etc.

[@shivamx008]

Thanks neil, Please continue these videos and make the Gift City method as well

[@neilborate]

Thanks Shivam and noted

[@vikramkarandikar232]

There is also Interactive Brokers which is a very good US listed brokerage with an office in India

[@neilborate]

That's true

[@doncorleone3901]

How do you transfer funds to Interactive brokers? Its so difficult

[@punparottasalna]

@@doncorleone3901 Im using IDFC first. just a few clicks to pay outward remittance.

[@SaidwhatIsaid-v4y]

But its for big ticket players. all this they mention is more basic and works fine. I use both vested and interactive both are good and give facilities according to price point.

[@Ghostfreak_NB]

Watch the video by Pranay Kapoor. Good info on Interactive Brokers ​@@doncorleone3901

[@Fmjgcjgjc]

Everything is good about this video.

[@neilborate]

It is not a sponsored video. We are journalists not finfluencers

[@doncorleone3901]

​@neilborate its good knowledge, pls continue doing these.

[@neilborate]

@doncorleone3901 thanks 🙏

[@Fmjgcjgjc]

@@neilborate my apologies.

[@naveent3777]

If you hold or sell foreign assets, you need to make declaration in the following schedule in your ITR compulsorily: Section FA, FSI, TR, A/L and CG. One small mistake and you will get ₹30,000/- fine.

[@naveent3777]

Oh, I forgot 'Form 67' too. So that makes it a total of 6 declarations 😂

[@bejeet]

@@naveent3777that’s fine..you are putting the comment across as if declaration is a new thing and only you are aware of it. Educated people are aware of these basic stuff. It’s not even a hurdle. Don’t try to be a typical know it all kinda guy and spreading negativity.

[@naveent3777]

@@bejeet the video is pretty one-sided. When they advertise the ease with which one can buy stocks abroad, they ought to talk about the compliance burden too, which is missing in this video. Also, I was quite annoyed with the burden enforced by our government.

[@Ghostfreak_NB]

Can you quote me the section for fine

[@naveent3777]

@@Ghostfreak_NB just google "declaration foreign assets penalty"

[@raodeipak]

Great segment.. Any thoughts on INX Global Access which is promoted by BSE?

[@akshaynaik1719]

How about interactive broker

[@manishdhankhode7686]

Hi.Neil....can you suggest any etf in US for say 3 yrs period? Moderate appreciation.

[@neilborate]

Good question. US offers ETFs investing in emerging markets like Brazil, Mexico, China, Vietnam etc which are beaten down and developed markets like Europe & Japan. A diversified portfolio of some of these ETFs + gradual deployment on corrections in an S&P 500 ETF could insulate you from the run up in US tech stocks.

[@doncorleone3901]

Can you pls also cover other players like a legitimate broker like Interactive Brokers? I found them great but their integration with Indian banks is almost non-existent

[@SHAMIKII]

Is vested safe ?

[@neilborate]

It's registered with the US SEC. It has a degree of credibility. Does that mean it cannot go bust? Clearly not. There are risks in everything in life

[@SHAMIKII]

@@neilborate I understand that there's a risk, but generally there's some insurance. Is there one with this broker or even with the US broker ?

[@neilborate]

@SHAMIKII Yes it's broker partner is Drive Wealth. It would be covered by the 500,000 usd SPIC insurance

[@ShashankRaina]

Would love to know more about any news on international limits opening up via mutual funds (due to the ease and convenience) as well as options via GIFT city.

[@neilborate]

The first ever retail fund is yet to be launched there. So far only AIFs

[@debjeetbardhan5261]

Everyone who talks about foreign markets makes it just about US market and US ETFs Isn't there a way or platform to directly invest in Europe like IndMoney for US??

[@priyeshdhandharia2030]

Are there any hidden charges for conversion rate. When I invested in us stock through indmoney I was charged about 6.5-7%.

[@raghavendravishwas5929]

100% will be there

[@gosalavamsi3819]

they charge 5 dollars.

[@raghavendravishwas5929]

Better invest in overseas mfs offered by Indian AMCs

[@neilborate]

They've hit the RBI limit

[@subhradippaul7946]

@neilborate can you please discuss in the upcoming episodes about the global ETFs where Indians can invest in through these apps and the tax implications about investing, if any.

[@sachin2842]

Stop this,invest only in India rupee needs to get stronger 💪🏻

[@Siddharth-wg7kv]

But we can also invest in US stocks through etfs in India like MON100, MAFANG etc

[@neilborate]

They have hit the RBI limit. Trading at a huge premium to NAV because they cannot remit fresh money to invest

[@Harry-n5t1i]

From $10K to $110K that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family.

[@RyanPearson-r2x]

Please how do I go about it, am still a newbie on investment trading and how can I make profit?

[@Andréscampos-n4f]

I'm celebrating a $30k crypto portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me

[@MiriamTadesse-d9h]

For me trading has not been good well for me every day I came to watch video's I only see people appreciating how good they trading works.

[@MiriamTadesse-d9h]

How do you manage to use signal to make such profit.

[@Harry-n5t1i]

Finding a financial advisor with expertise in cryptocurrency can be beneficial for navigating the complexities of this rapidly evolving market.

[@AAA_5Ys]

Genuine? Or scam model??