Financial Advisor/Auditor

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wannamove
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Financial Advisor/Auditor

Post by wannamove » Thu, 11 Aug 2011 8:49 pm

I am not sure if this is the right forum for this but I am hoping someone can help me

- I currently live in the US and planning to move to Singapore by the end of the year. Indian citizen - US Green Card holder. I am hoping if someone knows of a financial advisor/audtior who specializes in international finances, properties and investments.

Any recommendations/suggestions will be greatly appreciated

Thanks in advance

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Post by beppi » Sat, 13 Aug 2011 5:54 am

Most financial advisers in Singapore are only out for the fast buck in commission fees and not really useful for your long-term planning. You should avoid them like the plague!

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Strong Eagle
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Post by Strong Eagle » Sat, 13 Aug 2011 8:47 am

I've never found an advisor who knows beans about international investments, who could, for example, recommend ways to move out of my US investments and into ????

Instead, I run into clowns who sell financial products for a commission, or worse, charge me a fee to sell a limited range of products, the only ones they know.

When it comes to property, I fully believe that the farther way the advertising is from the geographical location of the property, the higher the probability that the investment is worthless.

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Post by BillyB » Sun, 14 Aug 2011 11:49 pm

beppi wrote:Most financial advisers in Singapore are only out for the fast buck in commission fees and not really useful for your long-term planning. You should avoid them like the plague!
+100.

Why would you trust your savings and retirement with someone who was probably selling mobile phones or double glazing 6 months ago.

Avoid, avoid, avoid.

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wannamove
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Post by wannamove » Mon, 15 Aug 2011 9:04 am

Thanks everyone! I am seriousy concerned and I have no clue how to deal with 3 different countries and laws/rules and safeguard/build on my savings and asserts.

So what do most people on these forums do? Manage your own investments and asserts?

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BillyB
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Post by BillyB » Mon, 15 Aug 2011 10:49 am

wannamove wrote:Thanks everyone! I am seriousy concerned and I have no clue how to deal with 3 different countries and laws/rules and safeguard/build on my savings and asserts.

So what do most people on these forums do? Manage your own investments and asserts?
Depends on so many factors - it's almost impossible to say. One thing to bear in mind is where do you plan to retire - India, U.S or SE Asia? That dictates your strategy to some extent.

It would be worth speaking to a tax consultant - but do not confuse this with an international financial advisor!!

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wannamove
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Post by wannamove » Mon, 15 Aug 2011 9:17 pm

BillyB wrote:
wannamove wrote:Thanks everyone! I am seriousy concerned and I have no clue how to deal with 3 different countries and laws/rules and safeguard/build on my savings and asserts.

So what do most people on these forums do? Manage your own investments and asserts?
Depends on so many factors - it's almost impossible to say. One thing to bear in mind is where do you plan to retire - India, U.S or SE Asia? That dictates your strategy to some extent.

It would be worth speaking to a tax consultant - but do not confuse this with an international financial advisor!!
Great suggestion - tax consultant - do you have recommendations for one who knows US and Singapore and preferably Indian tax rules?

With regards to retirement - no clue yet - no US and it is a toss up between the other 2

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Post by BillyB » Mon, 15 Aug 2011 9:57 pm

wannamove wrote:
BillyB wrote:
wannamove wrote:Thanks everyone! I am seriousy concerned and I have no clue how to deal with 3 different countries and laws/rules and safeguard/build on my savings and asserts.

So what do most people on these forums do? Manage your own investments and asserts?
Depends on so many factors - it's almost impossible to say. One thing to bear in mind is where do you plan to retire - India, U.S or SE Asia? That dictates your strategy to some extent.

It would be worth speaking to a tax consultant - but do not confuse this with an international financial advisor!!
Great suggestion - tax consultant - do you have recommendations for one who knows US and Singapore and preferably Indian tax rules?

With regards to retirement - no clue yet - no US and it is a toss up between the other 2
Sorry champ - no idea. Maybe someone else can help you on that front. As a last resort - try Mr google.

Come back to let us know if you had any joy finding someone.

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wannamove
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Post by wannamove » Tue, 16 Aug 2011 1:20 am

BillyB wrote:
wannamove wrote:
BillyB wrote: Depends on so many factors - it's almost impossible to say. One thing to bear in mind is where do you plan to retire - India, U.S or SE Asia? That dictates your strategy to some extent.

It would be worth speaking to a tax consultant - but do not confuse this with an international financial advisor!!
Great suggestion - tax consultant - do you have recommendations for one who knows US and Singapore and preferably Indian tax rules?

With regards to retirement - no clue yet - no US and it is a toss up between the other 2
Sorry champ - no idea. Maybe someone else can help you on that front. As a last resort - try Mr google.

Come back to let us know if you had any joy finding someone.
Oh I will! Google Gods always seem to have answers but then finding someone reliable out of Google seems to be a daunting task. But if I hit upon a rare gem I will be sure to pass along the info

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Post by carteki » Tue, 04 Oct 2011 12:53 pm

Strong Eagle wrote:I've never found an advisor who knows beans about international investments, who could, for example, recommend ways to move out of my US investments and into ????
That is because US investments make up some stoopid (spelling intentional) proportion of the worlds available investments and they are considered "low risk" vs most of the rest of the world. As someone who has grown up in an "emerging market" returns of 2-3% are completely anaemic in my mind, but that is because I'm used to a more volatile economy. I suspect things are (going to) changing but it is taking a while.

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Post by dman8827 » Wed, 05 Oct 2011 10:54 am

If you pay US tax then not many people can help you with regards to tax efficiency.

My girlfriend, a US citizen, went to a number of Financial Advisors and she was told that she could invest by all of them except for one! However like you guys said it was because they wanted a quick buck but weren't even adding value! US citizens have to claim their overseas income so it wasn't worth it...

However if you pay Indian-tax then tax specialists can really help. Feel free to email/PM me. Don't want to give my details publicly! Haha
dman8827

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