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- Cosa ha determinato il successo di Amazon?<\/li>\n\n\n\n
- What are the benefits and risks of investing in stocks of companies that mine for precious metals like gold and silver?<\/li>\n\n\n\n
- What are the benefits of investing in an ETF?<\/li>\n\n\n\n
- Who has to pay U.S. taxes as an expat?<\/li>\n\n\n\n
- Which industry should a person join if he is in it purely for the money?<\/li>\n\n\n\n
- What will people do when artificial intelligence machines can do everything better than us?<\/li>\n<\/ul>\n\n\n\n
Se volete che risponda a qualche domanda su Quora o YouTube, o se state cercando di investire, non esitate a contattatemi<\/a>, e-mail (advice@adamfayed.com) o utilizzare la funzione WhatsApp qui sotto.<\/p>\n\n\n\n
Alcuni dei link e dei video a cui si fa riferimento potrebbero essere disponibili solo nelle risposte originali.<\/p>\n\n\n\n
<\/a><\/p>\n\n\n\n
Cosa ha determinato il successo di Amazon?<\/strong><\/h2>\n\n\n\n
Do you remember the Fire Phone?<\/p>\n\n\n\n
<\/figure>\n\n\n\n
Neither do I.<\/p>\n\n\n\n
Yet, at the time, it got a lot of fanfare.<\/p>\n\n\n\n
It flopped badly.<\/p>\n\n\n\n
Most of Amazon\u2019s projects have failed.<\/p>\n\n\n\n
Yet a tiny percentage of their projects have been incredible successes.<\/p>\n\n\n\n
Look at AWS:<\/p>\n\n\n\n
<\/figure>\n\n\n\n
Even many of the most successful small and medium-sized firms fail more often than their competitors, limit their downside, get one or two huge successes every few years and keep adapting.<\/p>\n\n\n\n
Too many firms of all sizes become conservative and lazy after the initial success.<\/p>\n\n\n\n
Often, once a company becomes too big, compliance and other \u201cbusiness prevention\u201d business units becomes more important than those departments focusing on taking risks and innovation.<\/p>\n\n\n\n
<\/a><\/p>\n\n\n\n
What are the benefits and risks of investing in stocks of companies that mine for precious metals like gold and silver?<\/strong><\/h2>\n\n\n\n
Gold and silver mining companies aren\u2019t always linked to the metal’s price, even if there can be a correlation.<\/p>\n\n\n\n
Some private companies, say private equity, raise money to extract gold and silver.<\/p>\n\n\n\n
Those projects are high-risk and high-return. You could easily lose your capital or make 10x because the result depends on finding the gold.<\/p>\n\n\n\n
In terms of mining stocks listed on the global stock markets, the main risks are:<\/strong><\/p>\n\n\n\n
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- Political instability. Miners are often mining in unstable countries. That could mean:<\/li>\n<\/ul>\n\n\n\n
-Revolutions<\/p>\n\n\n\n
-More taxes on mining companies<\/p>\n\n\n\n
-Renationalisations.<\/p>\n\n\n\n
Look at what has happened in Niger recently. It isn\u2019t about gold and silver but shows the risks in the commodities business (Uranium in this case).<\/p>\n\n\n\n
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- Ability to access capital at reasonable rates of interest<\/li>\n<\/ul>\n\n\n\n
And let\u2019s not forget, like any individual stocks, you also face individual company risks.<\/p>\n\n\n\n
The CEO might make the wrong decisions, or the company might not innovate.<\/p>\n\n\n\n
That is a risk for all individual stocks in every industry versus buying a fund or ETF.<\/p>\n\n\n\n
Some investors buy mining stocks because they are uncorrelated with much of the general market.<\/p>\n\n\n\n
Mining and energy did well last year when the general stock markets fell.<\/p>\n\n\n\n
At other times, they significantly underperform.<\/p>\n\n\n\n
<\/a><\/p>\n\n\n\n
What are the benefits of investing in an ETF?<\/strong><\/h2>\n\n\n\n
I principali vantaggi sono:<\/p>\n\n\n\n
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- They are low-cost<\/li>\n\n\n\n
- You can get broad-based diversification without buying thousands of individual stocks and bonds.<\/li>\n\n\n\n
- They are easy to buy, as they are available on most investment solutions.<\/li>\n<\/ol>\n\n\n\n
Here is the primary downside.<\/p>\n\n\n\n
ETFs can be sold instantly.<\/p>\n\n\n\n
You would think this is only a positive.<\/p>\n\n\n\n
Traditional index funds take a few days to sell.<\/p>\n\n\n\n
Therefore, if you have an emergency, ETFs can be sold more quickly.<\/p>\n\n\n\n
Yet the evidence shows that this ability means more people actively trade.<\/p>\n\n\n\n
Here is the founder of Vanguard, Jack Bogle, explaining why he doesn\u2019t like ETFs.<\/p>\n\n\n\n
It isn\u2019t that he was against them because he thinks the performance will be worse than traditional index funds.<\/p>\n\n\n\n
Merely, he thinks the ability to sell so quickly encourages bad investor behaviour.<\/p>\n\n\n\n
The data supports this view.<\/p>\n\n\n\n
Since the massive increase in do-it-yourself (DIY) and ETF investing, more people are panic selling during stock market crashes.<\/p>\n\n\n\n
In comparison, if people are locked into solutions, like index funds through retirement accounts, they are less likely to sell out and make active changes.<\/p>\n\n\n\n
That isn\u2019t to mention that more ETFs have become narrow rather than broad-based ones, as he mentions in the video.<\/p>\n\n\n\n
<\/a><\/p>\n\n\n\n
Who has to pay U.S. taxes as an expat?<\/strong><\/h2>\n\n\n\n
If you live in the US, you have to pay taxes, as you are a resident.<\/p>\n\n\n\n
If you are living outside the US, you also need to declare taxes (meaning you have to put in a tax return even if no taxes are due) as a US-specified person.<\/p>\n\n\n\n
US-specified persons include non-citizens, such as green card holders.<\/p>\n\n\n\n
I would always get proper tax and legal advice, which this answer isn\u2019t, and consider renouncing citizenship, which an increasing number of Americans living overseas are doing.<\/p>\n\n\n\n
Every year, a new record is broken due to this issue.<\/p>\n\n\n\n
- Ability to access capital at reasonable rates of interest<\/li>\n<\/ul>\n\n\n\n
- Political instability. Miners are often mining in unstable countries. That could mean:<\/li>\n<\/ul>\n\n\n\n
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