Ross Anderson
๐ค PersonAppearances Over Time
Podcast Appearances
And so knowing how the taxes are going to interact, I would find a blog that is dedicated to exactly the country you're thinking about and find an expat community in that country. Because I think that's going to be your best resource for either finding a really good CPA to work with or hearing the experiences of other people that have moved to the exact place that you've gone.
And so knowing how the taxes are going to interact, I would find a blog that is dedicated to exactly the country you're thinking about and find an expat community in that country. Because I think that's going to be your best resource for either finding a really good CPA to work with or hearing the experiences of other people that have moved to the exact place that you've gone.
so to me that's going to be the the trick is how do the taxes work for an expat that is living abroad in that specific country because it's not the same everywhere that you go most cases you're going to get a situation where you are paying some international taxes and then you still have to file in the us as well and again that's going to be a specialized knowledge base where
so to me that's going to be the the trick is how do the taxes work for an expat that is living abroad in that specific country because it's not the same everywhere that you go most cases you're going to get a situation where you are paying some international taxes and then you still have to file in the us as well and again that's going to be a specialized knowledge base where
so to me that's going to be the the trick is how do the taxes work for an expat that is living abroad in that specific country because it's not the same everywhere that you go most cases you're going to get a situation where you are paying some international taxes and then you still have to file in the us as well and again that's going to be a specialized knowledge base where
Nobody knows all of that stuff for every country. So having a really strong advisory team, I think, is critical to making sure you get that tax filing right and not getting yourself into hot water when you do it.
Nobody knows all of that stuff for every country. So having a really strong advisory team, I think, is critical to making sure you get that tax filing right and not getting yourself into hot water when you do it.
Nobody knows all of that stuff for every country. So having a really strong advisory team, I think, is critical to making sure you get that tax filing right and not getting yourself into hot water when you do it.
So I'm going to give you an annoying answer first, which is that if your time horizon is long enough, it's always a good time to buy stocks. I know that's annoying to hear. That's something that advisors generally believe. But if we think that the market's going to go up, and it tends to, if we look at the last about 45 years, it goes up 74% of the time.
So I'm going to give you an annoying answer first, which is that if your time horizon is long enough, it's always a good time to buy stocks. I know that's annoying to hear. That's something that advisors generally believe. But if we think that the market's going to go up, and it tends to, if we look at the last about 45 years, it goes up 74% of the time.
So I'm going to give you an annoying answer first, which is that if your time horizon is long enough, it's always a good time to buy stocks. I know that's annoying to hear. That's something that advisors generally believe. But if we think that the market's going to go up, and it tends to, if we look at the last about 45 years, it goes up 74% of the time.
three out of four years, essentially, the market goes up. And so by being a long-term investor, we're putting those odds on our side. And that tends to be my position at any given time.
three out of four years, essentially, the market goes up. And so by being a long-term investor, we're putting those odds on our side. And that tends to be my position at any given time.
three out of four years, essentially, the market goes up. And so by being a long-term investor, we're putting those odds on our side. And that tends to be my position at any given time.
If you're within three to five years of spending the money, that's when I think it's not a good time to be buying stocks because that's when you're needing to create some safety and have that capital ready to be accessed, right? So if we're getting close to needing the money, that's when stocks stop being a good idea.
If you're within three to five years of spending the money, that's when I think it's not a good time to be buying stocks because that's when you're needing to create some safety and have that capital ready to be accessed, right? So if we're getting close to needing the money, that's when stocks stop being a good idea.
If you're within three to five years of spending the money, that's when I think it's not a good time to be buying stocks because that's when you're needing to create some safety and have that capital ready to be accessed, right? So if we're getting close to needing the money, that's when stocks stop being a good idea.
But between three, five years or longer as a time horizon, I would say it's mostly a good time to keep investing, not overthink it and just continue to be a dollar cost average person and put that money into the market. The second question that you asked or piece of that was what to invest in.
But between three, five years or longer as a time horizon, I would say it's mostly a good time to keep investing, not overthink it and just continue to be a dollar cost average person and put that money into the market. The second question that you asked or piece of that was what to invest in.
But between three, five years or longer as a time horizon, I would say it's mostly a good time to keep investing, not overthink it and just continue to be a dollar cost average person and put that money into the market. The second question that you asked or piece of that was what to invest in.