Where do you invest your money as Digital Nomads and/or PTs?

Lukas as to what you specifically invest in, it’s a very personal choice.

I have a very conservative portfolio, composing of bond ETFs, REITS and index ETFs. The sole purpose of this fund is to be highly passive, relatively stable income. As a result, returns aren’t as huge as they could be, but that’s the price I pay for being passive.

I have then taken a view that I should invest in what I know - websites, or “internet real estate” if you will. This is higher risk, higher returns and much more active income.

This is all personal preference up until now but as others have touched on, taxes and fees are a major concern. Almost everything you read online is about US investors, which isn’t suitable for us nomads as a “low cost index fund” that see 30% of it’s dividends taken in taxes when sent to a non-resident.

What made my journey a lot easier was thinking of myself as a resident of Singapore. I am not a resident of Singapore (I’m in Andorra), but if you read their guides on investing and the products available to you, you’ll realise that many Singaporeans invest in UK domiciled funds, which have a 0% dividend withholding tax. There are other regions as well (this is just an example)…

If you’re planning to invest in more traditional assets, I suggest checking out some Singapore money blogs and FIRE stuff. It is quite insightful.

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My portfolio is quite similar to @jase’s (very passive), except I’m more heavily invested in equities (broad global index ETFs).

@Casio since you’re from Europe, you might find this site useful when reading up on index funds: https://indexfundinvestor.eu/

EDIT: Now that I’ve published my article on the topic, I’d recommend that you check it out as well: https://nomadgate.com/investment-strategy-digital-nomads-expats/

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Eu investi na Uber e tenho um rendimento médio de 8% pagos semanalmente com um investimento de 15000€

I love nomad capitalist as well. I would start with the right structure first.

Setting up a trust for instance (get advice from a good tax expert) which (or another entity from the trust like family limited partnership) would hold your assets like brokerage account, real estate…

Then consider your risk profile and your asset allocation. There is a lot of information about the right asset allocation. (Stock market, real estate, commodities)

The question then is how to start with which investment type…

It depends on a lot of factors… But having an asset type where you have a huge reward chance is important to start boosting your wealth building efforts. Maybe having something between 10 to 25% of your portfolio in such an asset type can be interesting.

And of course have a good portion of your portfolio in safe assets: life insurance and some funds …dimensional funds, Vanguard.

Considering Bondora… and the worst case scenario, what happens when the platform is going bankrupt.
Is everything lost or is there any protection ?

Hope that helps.

Yes this is something not often discussed. You can have the best asset class in the world, but what’s your actual ownership rights and the “platform risk”?

How did you get started with bank account etc as a non-resident of Singapore?

Hi Michael, I should be clear here: banking or using a brokerage in Singapore is not required.

In fact, when it comes to investing, UK/Ireland is often great, Hong Kong is good as well (along with Singapore).

I found this blog helpful back when I was researching… https://www.turtleinvestor.net/faq-vanguard-ftse-world-ucits-etf-vwrd/

Take note: both of the index funds he discusses are not in Singapore. And yet they are some of the more commonly purchased funds by Singaporeans (as you’ll find, the US based one is not as good as the UK based one).

Hope that helps.

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Thank you!

Hi David, you mentioned private equity in your post, but how would someone get access to private equity funds without being a high networth individual? They’re usually reserved no?

I’ve tried out a robo investor for ETFs (ginmon) and so far it seems easy enough. Although I’m currently in the negatives due to bad timing.

Hello, I manage Forex daily with a nice daily return. Every 10 days I take my interest. Manage 10 customers in my portfolio. I have several options for investing. The ideal solution for a good life

It really depends what you are seeking? Cashflow, safety? Growth, high risk, low risk. How much capital you have?

Stocks: I believe for most simply put into a Vangard index fund and forget about it for 10+ years.

Property: I am not a lover of. Too much hassel in my opinion
Bonds: Can be great…but do you D.D. on the company behind them
My favourite is investing in companies that go public. That offers the best risk/reward ratio
Gold - Isn’t really an investment more of safe diversification.
Private equity: High risk/High reward - again do you D.D.

I’d say 95%+ of the “exotic” investments, teak plants, bank instruments, horses, cars, etc…are only ways to lose money

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NEVER trade. Trading is gambling.

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Private equity simply means a private company is offering a % share. It can be from $500 to $500,000,000+ Usually to offer to investors that have to be accredited and H.N.W.

I have access to mining P.E. opportunities. Huge rewards but it comes with risk.

I’m occasionally buying BTC mining contracts.Much cheaper than buying spot,it’s just takes a bit more time.Then everyday you receive the mined amount to your wallet.
Done:smiley:

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Hi
What’s the best way to learn forex???
Recommend any good books…

Can you tell us more about BTC mining contracts?

Yeah sure.So basically these are so called cloud mining contracts.That basically means you are renting hash power(mining capacity)
From a company to a given time(usually 1-2 year)
In that time you receiving the mined bitcoins everyday from the process.
Now,there are plenty of scam companies.
I think I may found the trustable ones,and I bought contracts at two of the companies.For 1 year.
Only one year cause the halving is coming.Which will make very different circumstances for mining.As it’s basically halfing the rewards after the mined out blocks.
At the first company I made back my investment after 3 months.However their support is kinda bad,and I have the impression after dug deeper that it might be a ponzi scheme,I have no proof tough.So probably I’m just lucky.
The other company is much more decent.But it does not give as much daily payout as the first one.

I’m in crypto since early 2017 and i’d stay away from Crypto cloud mining. I invested in the beginning in some of these and I would have made much more just buying BTC. You can be lucky but most people will loose more than they put in. Safest if interested in Crypto then stick with buying the big ones like BTC and ETHEREUM and have patience (2-10 years)

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That’s also a viable option