Trading UK Shares as non UK Resident
#17
Re: Trading UK Shares as non UK Resident
ID want proof of residential address which I don't have. Might be able to use work address but haven't changed that over since moving companies so is a slower process. It might make me tell the bank though, which I should really have done.
Won't be going anywhere near day-trading. If I'm going to gamble, I'll do it on football or horses or something more fun.
Interesting, might investigate.
Won't be going anywhere near day-trading. If I'm going to gamble, I'll do it on football or horses or something more fun.
Interesting, might investigate.
#18
Account Closed
Joined: Feb 2011
Posts: 0
Re: Trading UK Shares as non UK Resident
#19
BE Forum Addict
Joined: Sep 2009
Location: Abu Dhabi
Posts: 1,805
Re: Trading UK Shares as non UK Resident
You'll all be glad to know I've survived, so far...and whilst at times I'm struggling to survive the idiots and politics, I managed to read that Expat Millionaire book in a few days and have decided the hard earned pennies shall no longer sit doing **** all.
Internaxx now appears to be part of swissquote and I've played that game before with residential address etc.
Interactive Brokers still seem a firm favourite so shall begin that process and see how we go.
Internaxx now appears to be part of swissquote and I've played that game before with residential address etc.
Interactive Brokers still seem a firm favourite so shall begin that process and see how we go.
join the SimplyFI group on facebook and have a search for Interactive Brokers set up and you'll find answers to pretty much any question you have!
#20
Account Closed
Joined: Feb 2011
Posts: 0
Re: Trading UK Shares as non UK Resident
I'm with Interactive Brokers, no issues with them for opening the account or ongoing. standing order in AED to their USD account, funds arrive same day or next working day. all set up based on the guidance in expat millionaire. for me, it's 85% IWDA, 15% IGIL. add the monthly money into whichever one has dipped beneath the allocation. simples.
join the SimplyFI group on facebook and have a search for Interactive Brokers set up and you'll find answers to pretty much any question you have!
join the SimplyFI group on facebook and have a search for Interactive Brokers set up and you'll find answers to pretty much any question you have!
It's partly my fault as I need to change my bank address, that should solve the lack of residential address evidence setting up an account. But I'll have a search in that group as well
Appreciate it.
#21
Re: Trading UK Shares as non UK Resident
Scamp
Although ive never read the expat millionaire - have a look at Harry Brownes Permanent portfolio (PP). I think going forward with recessions looming the PP will provide a better balance (and probably lower drawdowns).
Although ive never read the expat millionaire - have a look at Harry Brownes Permanent portfolio (PP). I think going forward with recessions looming the PP will provide a better balance (and probably lower drawdowns).
#22
Re: Trading UK Shares as non UK Resident
A 25% exposure to gold seems absolutely huge to me. You'd have to be terrified by both inflation and global catastrophe to be that strongly weighted.
#23
Re: Trading UK Shares as non UK Resident
Other tips/tricks is to use the secondary/minor indices rather than primary index for equities and bonds (use the FTSE 250 rather than the FTSE 100) for an additional alpha.
However do your own research / backtesting etc
#25
Lost in BE Cyberspace
Joined: Nov 2012
Location: bute
Posts: 9,740
Re: Trading UK Shares as non UK Resident
M
Traditionally peasants in France kept their wealth in Lous d'Or in a metal box buried in the garden. Might be a smart move - if you have a garden. Maybe just use gold jewellery dangling on your person ! (Discreetly) That seems to be the method favoured in the Sub-continent.
#26
Account Closed
Joined: Feb 2011
Posts: 0
Re: Trading UK Shares as non UK Resident
I'm in. Interactive Brokers folded like a cheap suit when I bombarded them with documents.
I've funded the account quickly too and just starting some research on which ETFs to be buying into.
I need to get my other portfolio transferred over from Lloyds as well but not started thinking of that yet.
Here's to being a zillionaire next week.
I've funded the account quickly too and just starting some research on which ETFs to be buying into.
I need to get my other portfolio transferred over from Lloyds as well but not started thinking of that yet.
Here's to being a zillionaire next week.
#28
Account Closed
Joined: Feb 2011
Posts: 0
Re: Trading UK Shares as non UK Resident
I sent a shitty email after they just replied saying the same thing - send us this or that.
They replied saying - send us a tenancy contract, explain your relationship with that person and give us their passport copy too.
Seemed to work, was opened a few days later and now there's money sat in it.
If you have a tenancy / DEWA bill / anything in your name at your address provided, I imagine it'll be a piece of piss.
#30
Account Closed
Joined: Feb 2011
Posts: 0
Re: Trading UK Shares as non UK Resident
Got to get back to the research in that Hallam book for some guidance on which ETFs to go for. I crashed last night after work instead of doing it so might just leave until the weekend. Need to work out how much money to keep in a saver with really quick access to, or if I just invest everything in this and take out any for emergencies as needed.