- \u00bfSon los principales medios de comunicaci\u00f3n fuentes fiables de noticias para un inversor burs\u00e1til?<\/li>
- What is FATCA (Foreign Account Tax compliance Act) and how can one avoid being affected by it?<\/li>
- How did billionaire Rishi Sunak become a successful prime minister?<\/li><\/ul>\n\n\n\n
Si quieres que responda a alguna pregunta en Quora o YouTube, o est\u00e1s buscando invertir, no dudes en p\u00f3ngase en contacto conmigo<\/a>, correo electr\u00f3nico (advice@adamfayed.com) o utiliza la funci\u00f3n de WhatsApp que aparece a continuaci\u00f3n.<\/p>\n\n\n\n
Es posible que algunos de los enlaces y v\u00eddeos a los que se hace referencia s\u00f3lo est\u00e9n disponibles en las respuestas originales. <\/p>\n\n\n\n
Fuente de todas las respuestas: p\u00e1gina Quora de Adam Fayed.<\/p>\n\n\n\n
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\u00bfSon los principales medios de comunicaci\u00f3n fuentes fiables de noticias para un inversor burs\u00e1til?<\/strong><\/h2>\n\n\n\n
I was looking at CNBC today with some amusement.<\/p>\n\n\n\n
I saw this:<\/p>\n\n\n\n
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It isn\u2019t unusual for Jim Cramer to give contradictory information, nor is it unusual for other CNBC contributors to do the same. The same is true for Bloomberg and other major financial websites.<\/p>\n\n\n\n
Contradictory advice from the same person isn\u2019t usually put online on the same day, one line apart though!<\/p>\n\n\n\n
What people have to remember is that the media makes money from viewing figures, and then selling to advertisers.<\/p>\n\n\n\n
Therefore, they care if guests and panelists help with that objective, rather than giving good information.<\/p>\n\n\n\n
In reality, this means<\/strong><\/p>\n\n\n\n
- A boring component person, who puts viewers to sleep, is never going to get as many slots as a crazy, entertaining, person, who is often wrong.<\/li>
- Whatever bleeds, leads, as fear is a stronger emotion than hope<\/li>
- As there is so much information-overload, most viewers forget about previously bad predictions. As the owner of Forbes once said (i am paraphrasing) \u201cin the magazine industry, giving advice is more profitable than taking action. That is what we rely on in the magazine industry, alongside the short memories of our readers\u201d.<\/li><\/ul>\n\n\n\n
There is some great content in the media as well, but it is difficult to see the good from the bad if you don\u2019t have a solid foundation in finance.<\/p>\n\n\n\n
It reminds me about a conversation I had with a doctor. He was saying that there is a lot of good information about health out there in the media, but a lot of bad suggestions as well.<\/p>\n\n\n\n
This makes it difficult for the average, non-medical, person, who gets confused by the contradictory information.<\/p>\n\n\n\n
The same is true in the financial media, and the affect it has on a person who isn\u2019t an expert in investments.<\/p>\n\n\n\n
There are other issues as well. The problem of panic selling when the markets are down has always been there, but the 24\/7 media cycle has made it worse.<\/p>\n\n\n\n
It is therefore unsurprising that countless studies have shown that the less financial media you consume, the higher your long-term returns are likely to be.<\/p>\n\n\n\n
What is FATCA (Foreign Account Tax compliance Act) and how can one avoid being affected by it?<\/strong><\/h2>\n\n\n\n
FATCA affects US people living locally, or overseas.<\/p>\n\n\n\n
As Wikipedia says:<\/p>\n\n\n\n
En Ley de Cumplimiento Fiscal de Cuentas Extranjeras<\/strong> (FATCA<\/strong>) is a 2010 United States federal law<\/a> requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S., including indications in records of birth or prior residency in the U.S.<\/p>\n\n\n\n
The issue with FATCA is that many overseas financial institutions stopped taking Americans because it was too much hassle to report to the US government.<\/p>\n\n\n\n
Therefore, the act has affected more people who aren\u2019t dodgy, rather than the few dodgy characters it could have caught out.<\/p>\n\n\n\n
To answer your question then, non-Americans are usually unaffected, unless they have American ties.<\/p>\n\n\n\n
Americans are affected, as are those who have US ties, such as US residents and green card holders.<\/p>\n\n\n\n
The only way to be unaffected is to renounce citizenship and change your residency, as record numbers are doing.<\/p>\n\n\n\n
Even many \u201caccidental Americans\u201d like the former UK leader Boris Johnson, have had issues:<\/p>\n\n\n\n
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Even for those who do renounce, investment and financial services providers often want proof.<\/p>\n\n\n\n
Let\u2019s say somebody born in America is using a British passport to put through an application for an offshore provider.<\/p>\n\n\n\n
That provider will likely ask for proof that the person has renounced all ties to the United States.<\/p>\n\n\n\n
The only alternative is dealing with those few international providers who accept Americans, and help with FATCA reporting.<\/p>\n\n\n\n
Some providers also accept Americans if they retain a US correspondents address, even if they live overseas.<\/p>\n\n\n\n
Plenty change their mind on that though, as the time-consuming processes eventually take their toll.<\/p>\n\n\n\n
Even Fidelity, one of the largest US firms, stopped taking Americans vivir en el extranjero<\/a>.<\/p>\n\n\n\n
Many others have followed suit.<\/p>\n\n\n\n
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