- \n
- \u00bfPor qu\u00e9 querr\u00eda una persona crear un fideicomiso?<\/li>\n\n\n\n
- Is a comfort zone an enemy of success?<\/li>\n\n\n\n
- Is criticism necessary for success?<\/li>\n\n\n\n
- What are the justifications for the non-domicile tax status in the UK?<\/li>\n\n\n\n
- What are the potential consequences of Argentina electing a president who has been compared to Donald Trump?<\/li>\n\n\n\n
- How can I invest in American companies from Uganda?<\/li>\n\n\n\n
- Do you think it’s better to start a business or have a stable job?<\/li>\n\n\n\n
- Why do people want to live in Singapore, but not in Switzerland?<\/li>\n\n\n\n
- How can you make money from the difference in interest rates in different countries?<\/li>\n\n\n\n
- Why don\u2019t people just buy existing businesses instead of building them from scratch?<\/li>\n\n\n\n
- What are the biggest mistakes that people make when they get a huge amount of money, but never had it before?<\/li>\n<\/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
<\/a><\/p>\n\n\n\n
\u00bfPor qu\u00e9 querr\u00eda una persona crear un fideicomiso?<\/strong><\/h2>\n\n\n\n
Imagine you are a wealthy person in Egypt and Tunisia.<\/p>\n\n\n\n
Things have been working well in your business for decades.<\/p>\n\n\n\n
Then the Arab Spring happens:<\/p>\n\n\n\n
<\/figure>\n\n\n\n
One thing leads to another, and you lose your business.<\/p>\n\n\n\n
I also saw several people lose their businesses due to the indirect effects of the 2014 Thailand coup.<\/p>\n\n\n\n
<\/figure>\n\n\n\n
A trust can separate you from your assets, like how a limited liability company is a separate legal entity from an individual.<\/p>\n\n\n\n
That isn\u2019t to mention the potential tax benefits in some countries, and ease of passing on assets.<\/p>\n\n\n\n
Is a comfort zone an enemy of success?<\/strong><\/h2>\n\n\n\n
Most successful people don\u2019t want comfort.<\/p>\n\n\n\n
Now sure, maybe some want material comforts.<\/p>\n\n\n\n
But few want to be totally comfortable.<\/p>\n\n\n\n
Most want to challenge themselves and actually go outside their comfort zone.<\/p>\n\n\n\n
Look at all the top businesspeople and athletes who refuse to retire despite being older than most others.<\/p>\n\n\n\n
This quote from Pinterest says it all:<\/p>\n\n\n\n
<\/figure>\n\n\n\n
There is a simple reason why making yourself uncomfortable can be effective.<\/p>\n\n\n\n
What do most people want? Comfort.<\/p>\n\n\n\n
That is one reason Amazon and other tech firms are so big. People take the path of least resistance in life.<\/p>\n\n\n\n
So, they buy products if it is made easy with one click, struggle to say no, don\u2019t want to take risks etc.<\/p>\n\n\n\n
Therefore, if you can do what others won\u2019t do long-term, you are likely to suceeed.<\/p>\n\n\n\n
The number of people who are willing to take a lot of risks and make themselves uncomfortbale is even lower than the number of people who are willing to work hard.<\/p>\n\n\n\n
<\/a><\/p>\n\n\n\n
Is criticism necessary for success?<\/strong><\/h2>\n\n\n\n
There is something called tall poppy syndrome.<\/p>\n\n\n\n
<\/figure>\n\n\n\n
As per Wikipedia \u201cThis occurs when their peers believe they are too successful, or are bragging about their success. Intense scrutiny and criticism of such a person is termed as “cutting down the tall poppy.<\/p>\n\n\n\n
So, if you become successful, criticism is inevitable.<\/p>\n\n\n\n
It isn\u2019t so much that you actively need to become controvsual to succeed, even though it can help because there is no such thing as bad publicity.<\/p>\n\n\n\n
It is merely inevitable that, due to envy, you will attract criticism if you succeed.<\/p>\n\n\n\n
What is more, the bigger a person or business becomes, the more legitimate complaints there will be.<\/p>\n\n\n\n
Amazon is known for great customer service, but i am sure they have tens of thousands of angry customers globally, because they probably have a billion total customers!<\/p>\n\n\n\n
<\/a><\/p>\n\n\n\n
What are the justifications for the non-domicile tax status in the UK?<\/strong><\/h2>\n\n\n\n
There doesn\u2019t need to be a justification.<\/p>\n\n\n\n
What matters is if something works or not is not if it is \u201cfair\u201d.<\/p>\n\n\n\n
Since the UK Government made non-domiciled residency more costly and complex, their numbers have declined (Source, BBC).<\/p>\n\n\n\n
<\/figure>\n\n\n\n
With a future Labour Government planning to axe the status altogether, more will leave, especially with plans to add VAT to private schools as well.<\/p>\n\n\n\n
The article below was featured in the FT this week.<\/p>\n\n\n\n
<\/figure>\n\n\n\n
There is currently an exodus of wealthy people leaving the UK (source Virtual Capitalist).<\/p>\n\n\n\n
<\/figure>\n\n\n\n
Per capita, the UK\u2019s -3,200 millionaires are more than China and India\u2019s numbers.<\/p>\n\n\n\n
After all, they can pick another country and become non-domiciled residents there.<\/p>\n\n\n\n
<\/a><\/p>\n\n\n\n
What are the potential consequences of Argentina electing a president who has been compared to Donald Trump?<\/strong><\/h2>\n\n\n\n
In terms of his policies, the comparison with Trump is unfair, as few considered Trump a libertarian.<\/p>\n\n\n\n
<\/figure>\n\n\n\n
All I will say is this.<\/p>\n\n\n\n
When you have a country which was once one of the richest countries in the world after World War Two, which now has 140% inflation and so many problems, I doubt the voters are fearful.<\/p>\n\n\n\n
It is difficult, but not impossible, to imagine things worsening, considering the economic mismanagement in Argentina for a long time.<\/p>\n\n\n\n
No wonder many people want to get their wealth offshore and get second residencies or passports.<\/p>\n\n\n\n
It isn\u2019t safe to have all your eggs in one basket.<\/p>\n\n\n\n
<\/a><\/p>\n\n\n\n
How can I invest in American companies from Uganda?<\/strong><\/h2>\n\n\n\n
Investing from Uganda and Kenya is simple.<\/p>\n\n\n\n
The steps are<\/strong><\/p>\n\n\n\n
- \n
- Find a company (a do-it-yourself platform or advisor) that can accept Ugandan residents.<\/li>\n\n\n\n
- Give the needed documents, such as proof of address and ID<\/li>\n\n\n\n
- Financiar la cuenta<\/li>\n\n\n\n
- Comercio<\/li>\n<\/ol>\n\n\n\n
One thing I would say is that the biggest reason to invest in international stock markets is diversification of risk rather than pure investment returns.<\/p>\n\n\n\n
Huge currency depreciations and political risks have affected the region for decades.<\/p>\n\n\n\n
Look at the USD to Ugandan Shilling rate:<\/p>\n\n\n\n
<\/figure>\n\n\n\n
The Kenyan Shilling has performed even worse in recent times<\/p>\n\n\n\n
<\/figure>\n\n\n\n
In the US, people expected an 8%-10% per year return from investing in stocks and ETFs.<\/p>\n\n\n\n
In countries with unstable currencies, that is often 20%-30% a year in local currency and insurance in case things get extreme, like in countries like Venezuela.<\/p>\n\n\n\n
As per my article below, I am bullish about many African economies, but that doesn\u2019t mean putting all your wealth there makes sense.<\/p>\n\n\n\n
<\/a><\/p>\n\n\n\n
Do you think it’s better to start a business or have a stable job?<\/strong><\/h2>\n\n\n\n
Piensa en esto.<\/p>\n\n\n\n
You are the CEO of a big company.<\/p>\n\n\n\n
You make millions a year like some of these people (Source: CNBC)<\/p>\n\n\n\n
<\/figure>\n\n\n\n
Yet you can easily become a corporate slave.<\/p>\n\n\n\n
You need to:<\/strong><\/p>\n\n\n\n
- \n
- Be in certain places at specific times<\/li>\n\n\n\n
- Dress in a certain way, at least in some industries<\/li>\n\n\n\n
- Watch what you say with some exceptions<\/li>\n<\/ul>\n\n\n\n
In comparison, if you run your own business you have more freedom.<\/p>\n\n\n\n
The issue is making it work, because most new businesses fail.<\/p>\n\n\n\n
A middle ground is having a lower paid job, where you ironically might have more freedom than the CEO.<\/p>\n\n\n\n
<\/a><\/p>\n\n\n\n
Why do people want to live in Singapore, but not in Switzerland?<\/strong><\/h2>\n\n\n\n
Some high-net-worth individuals and expats still want to live in Switzerland.<\/p>\n\n\n\n
This is especially the case for French and German-speaking expats.<\/p>\n\n\n\n
As per the Henley Group\u2019s analysis, many wealthy people are still moving there.<\/p>\n\n\n\n
<\/figure>\n\n\n\n
Yet, it probably isn\u2019t as sort-after compared to the past.<\/p>\n\n\n\n
As per the data, Singapore, Australia, and the UAE are getting more wealthy people moving there.<\/p>\n\n\n\n
That could be because the taxes aren\u2019t as low as people expect, and the costs are even higher than in Singapore and many alternative markets.<\/p>\n\n\n\n
Expat satisfaction is lower than in some markets, as per this InterNations survey:<\/p>\n\n\n\n
<\/figure>\n\n\n\n
What probably hasn\u2019t helped is that more European countries have golden visa schemes, which often come with tax benefits.<\/p>\n\n\n\n
NHR in Portugal is one example, even if it might close soon.<\/p>\n\n\n\n
Historically, Monaco and Switzerland were two of the only low-tax options in Europe.<\/p>\n\n\n\n
Now you have even places like Spain and Italy having their own special tax schemes to attract talent.<\/p>\n\n\n\n
<\/a><\/p>\n\n\n\n
How can you make money from the difference in interest rates in different countries?<\/strong><\/h2>\n\n\n\n
I wouldn\u2019t do this.<\/p>\n\n\n\n
Did you ever hear about Mrs Watanabe\u2019s?<\/p>\n\n\n\n
<\/figure>\n\n\n\n
Japanese retail investors took advantage of Japan’s 0% interest rates in the 2000s.<\/p>\n\n\n\n
The US and many other countries had positive real interest rates until the 2008 Financial Crisis.<\/p>\n\n\n\n
So, many retail investors lent cheaply in Yen and bought dollars.<\/p>\n\n\n\n
It worked for a while but then didn\u2019t.<\/p>\n\n\n\n
It wasn\u2019t completely risk-free. All that needed to happen was for the USD to get stronger against the Yen for the whole thing not to work.<\/p>\n\n\n\n
What is easier to make money on is betting that interest rates will fall.<\/p>\n\n\n\n
For example, long-term bond ETFs have been hammered in the last two years due to rising interest rates.<\/p>\n\n\n\n
Take the TLT ETF (Source Market Insiders).<\/p>\n\n\n\n
<\/figure>\n\n\n\n
If interest rates fall, which they surely will one day again, this ETF will almost certainly do very well.<\/p>\n\n\n\n
What is more, bonds can form a part of a mixed, diversified, portfolio, and you aren\u2019t taking currency risks, because there are Euro and Pound equivalents as well.<\/p>\n\n\n\n
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