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How to invest $640,000
Comments
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Although most IFAs will not give advice to US citizens as their PI insurance will not cover it. And that was before FATCA. US citizens can use the US courts and liability insurers don't want that risk for the mainstream. So, that usually means only the expat focused IFAs will offer services.MoJoeGo said:There's also the question of tax liability - although you've emigrated, do you still have to file US tax returns and pay the IRS tax on your global income?
A lot of UK institutions don't want the hassle of FATCA reporting so you might find a lot of simple investment options are not available to you.
(which is just my way of saying +3 to the IFA suggestion, but ideally one that's experienced with US ex-pats...)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.2 -
Not sure you need an IFA.
The best thing you can do with your fortune - by far in the UK - is to own a house.
Here house price falls are political death - pick up the Daily Mail tomorrow! - so your investment will have political protection.
I'm guessing you live in London, but if it another expensive city, same applies.
After that is sorted, invest in mainstream US companies for the long term -- names you like, Microsoft, Apple, Disney - because you shall be heavily invested in the UK already, via partner/children environment etc..It gives you a foot in either camp.0 -
Diplodicus said:Not sure you need an IFA.
The best thing you can do with your fortune - by far in the UK - is to own a house.
Here house price falls are political death - pick up the Daily Mail tomorrow! - so your investment will have political protection.
I'm guessing you live in London, but if it another expensive city, same applies.
After that is sorted, invest in mainstream US companies for the long term -- names you like, Microsoft, Apple, Disney - because you shall be heavily invested in the UK already, via partner/children environment etc..It gives you a foot in either camp.
Yes - far better to take advice from a stranger on the internet telling you to invest in companies whose 'names you like'.
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Do you own your own home?(/want to). You say your partners income is enough to cover housing.0
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