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Search: Posts Made By: Dmac_
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Forum: USA
Mar 4th 2023, 2:25 am
Replies: 7
Views: 466
Posted By Dmac_

Re: US person loaning money to UK business

No, it's an investment first, favor second.


Actually, most of my income is in GBP, so it's in that currency already.
Forum: USA
Mar 3rd 2023, 2:41 pm
Replies: 7
Views: 466
Posted By Dmac_

Re: US person loaning money to UK business

Thanks Pulaski, that was one of my fears... I've seen these online "build an agreement" forms that ask "where do you live", and the concept of US-UK relations doesn't occur to them.
Forum: USA
Mar 3rd 2023, 4:32 am
Replies: 7
Views: 466
Posted By Dmac_

US person loaning money to UK business

Hi everyone,
A colleague is getting a new company off the ground and I'd like to loan said company money, with interest repayable after a few years.
Does anyone have any recommendations for an...
Forum: USA
Nov 28th 2022, 6:27 pm
Replies: 8
Views: 754
Posted By Dmac_

Re: Old investment account in UK closed - send contents to family member? Gift?

Thanks both, although I can say safely that me dying anytime soon would be a very unusual and unfortunate event.

But my question just above is actually about UK people gifting to US people. What...
Forum: USA
Nov 28th 2022, 3:49 pm
Replies: 8
Views: 754
Posted By Dmac_

Re: Old investment account in UK closed - send contents to family member? Gift?

Interesting, thanks. How about the other way around, that is, a UK based person giving a US based person a gift? The threshold in the US seems to be much higher?
Forum: USA
Nov 28th 2022, 12:07 pm
Replies: 8
Views: 754
Posted By Dmac_

Old investment account in UK closed - send contents to family member? Gift?

Since this forum seems to be one of the only places to get financial pointers from people who actually know... I have another question.

Before I left the UK, I was due to put a bunch of money in...
Forum: USA
Nov 28th 2022, 11:56 am
Replies: 87
Views: 11,221
Posted By Dmac_

Re: Moving to America and very worried.

It's probably for the best he's decided against the move - the company sponsoring him to send him to Mars as a rocket scientist might hear his British accent and get out the pitchforks on the first...
Forum: USA
Nov 27th 2022, 10:56 am
Replies: 48
Views: 4,525
Posted By Dmac_

Re: GBP bank account for US-based people - HSBC Premier Checking?

Oh, I have a UK SIM Card. I bought it one time I landed at Heathrow. Perhaps just maintaining that is a good option to avoid this drama, UK mobile stuff is cheap enough.

Interestingly, I just...
Forum: USA
Nov 27th 2022, 9:56 am
Replies: 48
Views: 4,525
Posted By Dmac_

Re: GBP bank account for US-based people - HSBC Premier Checking?

Yeah, I use Wise Borderless for some business income. Very happy with it, but I think my fear is that it's not protected to the same extent as a "traditional" bank for long-term storage of money.
Forum: USA
Nov 26th 2022, 11:06 pm
Replies: 48
Views: 4,525
Posted By Dmac_

Re: GBP bank account for US-based people - HSBC Premier Checking?

Yikes, that's obscene. Interesting that single stocks are OK... but that's not exactly great for diversification.

Many thanks for the pointers. I'll give Fidelity US a call.
Forum: USA
Nov 26th 2022, 8:57 pm
Replies: 48
Views: 4,525
Posted By Dmac_

Re: GBP bank account for US-based people - HSBC Premier Checking?

Thank you so much (to use the US expression!) for this advice! I'll look into this. I didn't know it was an option.

Are you talking about the UK Fidelity: https://www.fidelity.co.uk/
Or the US...
Forum: USA
Nov 26th 2022, 7:59 pm
Replies: 48
Views: 4,525
Posted By Dmac_

Re: GBP bank account for US-based people - HSBC Premier Checking?

I'm glad you asked. Correct me if I'm wrong here:

It's difficult or somehow punitive to invest the money in the UK if you are a "US person", I think. There's too much regulatory red tape so most...
Forum: USA
Nov 26th 2022, 5:07 pm
Replies: 87
Views: 11,221
Posted By Dmac_

Re: Moving to America and very worried.

Unfounded concern. The USA is one of the more genuinely multicultural parts of the world.

There is more anti-American sentiment in the UK than there is anti-British sentiment in the US. It's true...
Forum: USA
Nov 26th 2022, 5:04 pm
Replies: 48
Views: 4,525
Posted By Dmac_

GBP bank account for US-based people - HSBC Premier Checking?

Hi forumers,
I run a business and have a good number of clients still in the UK. I'm based in the US.
I originally wanted to transfer all my GBP income into USD to invest it in my new home country,...
Forum: USA
Sep 26th 2022, 5:05 am
Replies: 45
Views: 5,910
Posted By Dmac_

Re: value of the pound against the Dollar

Well, this is truly depressing. Looks like I need to keep the GBP in the UK for the forseeable future.

Are there any financial experts anyone uses who are aware of the specific requirements of UK...
Forum: USA
Sep 11th 2022, 4:52 am
Replies: 10
Views: 1,602
Posted By Dmac_

Re: Best Phone Network to Consider?

Another +1 for Mint here. Works flawlessly and is so cheap compared to the crazy US telecoms prices.

My only problem with it was when I landed in the UK for a trip, and even although I'd bought a...
Forum: USA
Sep 11th 2022, 4:49 am
Replies: 45
Views: 5,910
Posted By Dmac_

Re: value of the pound against the Dollar

Can I ask - how does that work? I thought the IRS had an exchange rate that accountants/CPAs use, and that value then becomes your income in USD.

I'm in the same boat as many people here. I only...
Feb 11th 2021, 2:16 am
Replies: 15
Views: 3,481
Posted By Dmac_

Re: Moving to Aspen

Congrats on skipping uni and doing your own thing. Given that you've been successful with this, look into O-1 (or its big brother, the EB-1A) visa on the USCIS side. Do you feel you might qualify for...
Sep 28th 2020, 10:12 pm
Replies: 208
Views: 32,757
Posted By Dmac_

Re: Who else is concerned about trip to UK for Christmas with family?

I could be wrong, but the only people currently being admitted to the US are US Citizens and LPRs. That's probably why.
Sep 20th 2020, 3:29 am
Replies: 208
Views: 32,757
Posted By Dmac_

Re: Who else is concerned about trip to UK for Christmas with family?

Yep. Unless something insane happens, I'll be spending Christmas there, and will be taking sensible precautions. Although, I should add that both me and my folks are in low-COVID areas at the moment....
Sep 9th 2020, 5:06 am
Replies: 7
Views: 1,918
Posted By Dmac_

Re: Travelled to UK during Covid

That does make some sense - probably some of the only people on these transatlantic flights right now will be immigrants visiting family or people in similar situations. Americans aren’t going to...
Sep 8th 2020, 3:21 pm
Replies: 7
Views: 1,918
Posted By Dmac_

Re: Travelled to UK during Covid

Not direct, I’m guessing? That’s where I’m gonna head to and as far as I know, the only BA flights connect in London?
Sep 6th 2020, 7:51 pm
Replies: 7
Views: 1,918
Posted By Dmac_

Re: Travelled to UK during Covid

Thanks for this. For the good of my mental health, I'm probably going to take a socially distanced trip to see the folks. This answers my question on whether it's worth paying for business class or...
Forum: USA
Aug 2nd 2020, 10:21 pm
Replies: 37
Views: 4,656
Posted By Dmac_

Re: Travelling to the UK since Covid -- any experiences?

Great thread, and I imagine more of us are going to be asking these questions as Christmas comes up.

Like everything, we have to weigh up the pros and cons and make smart decisions with the info...
Forum: USA
Jan 20th 2019, 5:17 am
Replies: 10
Views: 1,094
Posted By Dmac_

Re: Anyone find a financial advisor with understanding of UK<->US finance?

Hi all
Thanks for the pointers. I've been dealing with FBAR for a few years now - why the fear of it? Isn't that just the simple form where you report the largest balance in any foreign bank account...
Showing results 1 to 25 of 36
 


 
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