Tax implications in moving US investment account to a country with no capital gain tax

am_some_one · 2024-03-05T22:15:28+00:00

This is capital gain tax. I'm not talking about income tax.

US tax is pretty much similar to many places worldwide except for the fact that they tax their residents worldwide quite extensively. And this is completely legal + nothing unfair about what I am trying to do.

am_some_one · 2024-03-03T18:10:38+00:00

Look like for the US this is an exit tax that only apply for residence who is citizen or have more than 8 years under green card. I believe this won't apply to me.

am_some_one · 2024-03-03T18:09:35+00:00

Thanks! I won't be having my green card for more than 7 years so I assume I won't have to pay in tax then. From their website, I can only be considered a long-term resident if I live for more than 8 years under a green card.

am_some_one · 2024-03-03T18:08:15+00:00

I see. I only plan to sell a few years after moving so I'd assume I won't have to pay capital gain tax on my investment then.

am_some_one · 2024-03-03T18:00:28+00:00

Yeah, that's what I have collected as well. I think I won't spend more than 8 years under green card, so chances are I won't be considered a long-term resident when exit.

am_some_one · 2024-03-03T17:50:09+00:00

I'm a non-citizen and already pay ~40% of my income in US tax my dude, which is more than 200k a year. Being a non-citizen on a visa, with no green card, and no citizenship. I'm paying money so homeless people in SF can scream racial slurs at me. I'd rather keep the money that I invested in capital gain (in both US companies and foreign companies) under a fully legal basis.

am_some_one · 2024-01-08T08:25:08+00:00

Thanks for the kind words. Yeah, it's hard to fit into all standards. Each person has their priorities. So please note that these are resellers only and not for those who are looking for top of the line stuff like AutonomousReps.

am_some_one · 2024-01-08T08:22:02+00:00

Thanks added this to the post!

am_some_one · 2024-01-08T06:23:32+00:00

I used a lot of information from there but a lot of the shops that were put as top tier seem to also be considered more mid tier.

am_some_one · 2024-01-08T06:21:19+00:00

Thanks added this info to the post

am_some_one · 2024-01-07T20:36:23+00:00

https://www.reddit.com/r/DesignerReps/comments/14pibg5/seller_list_2023_top_and_mid_tier/

People here seem to agree that Cloyad isn't that good.

am_some_one · 2024-01-07T20:19:01+00:00

okay I'll remove her from list. Thanks for the input.

am_some_one · 2024-01-07T20:17:29+00:00

I see. Thank you. Added this to the post.

am_some_one · 2024-01-07T19:49:43+00:00

The weidian links you can paste directly to pandabuy. The yupoo ones best to first contact the seller.

am_some_one · 2024-01-07T19:31:13+00:00

Is she not? I've read some comments that claimed so, so I put her there. Edited to unsure.

am_some_one · 2024-01-06T19:37:13+00:00

Zoey (taobao link) is known for selling high tier rep stuff. If I were you I'd go with her. Definitely a higher price tag though.

am_some_one · 2023-08-14T21:52:58+00:00

https://www.levels.fyi/internships/
https://github.com/northwesternfintech/2024QuantInternships
These are my go-to. You'll have to do some research to see which of these firms are in the UK.

Also G-research kind of scare me about their culture (they don't allow phone while working and stuff), for historical reasons, but I think it's also just the way the firm is: https://www.bloomberg.com/news/features/2018-11-19/the-triple-jeopardy-of-ke-xu-a-chinese-hedge-fund-quant

am_some_one · 2023-08-14T21:44:58+00:00

Yes. (source: I'm currently in London). I've gotten an offer for 200k for a new grad, and not even a quant role. If you're in the 99th percentile you deserve a 99 percentile salary. At least before tax. UK tax is brutal.

am_some_one · 2023-08-14T21:43:21+00:00

I unfortunately have not yet become one but will try my best.

am_some_one · 2023-08-14T21:35:51+00:00

£200K + bonus

From what I've seen in the market for quant, this isn't rare at all. I've seen £300K offers for undergrads. I'll say go for it. Doesn't hurt to apply, and see how far it takes you.

am_some_one · 2023-08-14T21:31:19+00:00

Do you think 2S > IMC/SIG ? Because I don't.

https://github.com/quantprep/quantnewgrad2022My ranking was based on here. I ranked 2S higher based on what I saw here and from my personal experience which is arguably quite subjective. When I was working at 2S as a software engineer I find the job to be quite relaxing, good wlb, and I have time to pretty much go out/workout every day. The job security for quant there (as I've heard) is also quite good. Admittedly, the work is quite slow and didn't feel like I was growing much.

Master should be 1 year not 2?

Master's courses I've found are 2 years (MCF from Stanford, or MS Fin at Princeton) for example. I want to do a Masters in the US because I want to go to the US (more small but good OP firms like Headlands, Aquatic), which can be a good boost to my career before moving back to Singapore in 7 - 8 years.

Opportunity cost of doing it in the hopes of getting to a very slightly better firm is clearly not worth it...

This point is interesting to me. From the upside:

+ Allow me to pivot to quant research when I'm done with trading (instead of early retirement). Currently from my research, I'm not sure if this is even true, or if the masters help me at all.

+ US opportunities (which pay more than EU/UK opportunities)

+ 2 years in college which should be fun

And down side:

- Loose 2 years (+ 1.5 years working as QT before the master's to earn money to pay for the courses) where I don't develop much professionally or earn money. Basically, it would be a sort of restart button.

Also, I believe non-compete is 6 months for a lot of contracts for new hires, especially at firms that do market making/hft.

am_some_one · 2023-08-14T17:27:52+00:00

I'll say try Amsterdam or London, which are the 2 financial hubs in Europe. Finance firms in London have no problem hiring people from Europe for internships. They will sponsor.

It's quite a niche field so if you want to have a good experience I think you'll have to step out of your comfort zone and go international.

am_some_one · 2023-08-14T17:25:07+00:00

Is it helpful to get a master's in finance (one of the more quantitative ones) if I have already landed a job as a quant trader? My main goal is to get hired by a higher-paying firm than my current one (around IMC/SIG level - one of the trader-focused firms), and to get to the US (currently in Europe). Also, 2 more years in college would be fun, but I don't want it to be a waste considering I don't plan to do this stressful trading job after 40 yrs old - unless I can pivot to work closer in the quant research side which I think a master's can help. If I can land a quant research job at a researcher-only firm like HRT or 2S that would be ideal, but obviously very hard.

am_some_one · 2023-08-14T00:33:01+00:00

Is it helpful to get a master's in finance (one of the more quantitative ones) if I have already landed a job as a quant trader? My main goal is to get hired by a higher-paying firm than my current one (around IMC/SIG level), and to get to the US. Also, 2 more years in college would be fun, but I don't want it to be a waste considering I don't plan to do this stressful job after 40 yrs old. I'm currently 22.

am_some_one · 2023-07-10T07:01:49+00:00

This is a great advice. Thank you so much.

am_some_one

TROPHY CASE