Why Profitable Traders are Moving to These Cities
ฝัง
- เผยแพร่เมื่อ 3 มิ.ย. 2024
- MOOMOO Trading App (up to 16 Free Stocks): humbledtrader.com/moomoo
Day Trading with me: bit.ly/yt07272023
------------
Discover the Best Trader-Friendly Cities Around the World 🌍
Ever wondered if there are cities better suited for traders like us? Not just places with the ideal time zones but where you can keep all of your trading profits?
In this video, I dive deep into the best cities for traders, based on:
- Time zones & local trading hours
- Zero or low tax on trading profits
- Lightning-fast internet
- Perfect weather conditions
- A cost of living that's trader-friendly
And I wouldn’t be the Humbled Trader if I didn’t mention some cities that might not be the trading havens you believe, i.e. Hawaii and NYC.
Please note, this won’t be a comprehensive list. These are cities I’ve personally travelled to and traded in, or are cities my trader friends have told me they want to or are planning to move to.
Let’s find out where your next trading adventure is 🛫
1:30 - Best cities for traders and taxes
6:52 - Fastest Trading Internet
11:19 - Quality of life that's trader-friendly
14:15 - Honourable Mentions
15:15 - Cities I don't recommend for traders
#daytrade #stockmarket #quanttrading
--------------
▶️My Day Trading for Beginners Playlists:
Beginner's Day Trading: • Day Trading for Beginners
Day Trading Strategies: • Day Trading Strategies...
Technical Analysis Masterclass:
• Technical Analysis & T...
--------------
My Trading Broker Platforms:
📈Webull Trading: bit.ly/ht-webull (Get at least 6 fractional shares)
📈Interactive Brokers - bit.ly/3bE82u4
📉Centerpoint Securities ($30K min) - bit.ly/3LKdlID
-Get $0 Commissions for 60 days
-Get 1 free month of Das Trader Pro ($150 in free value)
--------------
🖥️ My Stock Scanner
🔎 Stox.io - Best Stock Scanner to find the right stocks to trade (stox.io/?)
✅ Affordable (less than $42/mo compared to others at $150/mo)
✅ Built-in Humbled Trader Strategy Custom Scanners
✅ Simple Web-Based App- no downloads needed just open on any browser
✅ Accurate and fast stock data such as Float, Insider %, IO & more
--------------
📈 Follow my Investment Portfolio on Blossom App (Canada) - bit.ly/3DyHuaF
✅My REAL Social Accounts:
IG: / humbledtrader
TikTok: / humbledtrader
Twitter: / humbledtrader18
FB: / humbledtrader
--------------
#algotrading #algorithm #tradingbot #autotrade #quanttrader #algotradingbot #tradingview
--------------
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses.
AFFILIATE DISCLOSURE: I only recommend products and services I genuinely believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel
Traders, where are you trading from right now? Is there anywhere else you'd want to be? 👇🏼🌎
Hong Kong. Alternatives: Taiwan, Thailand.
I am thinking Andorra, love the idea of mountain living in a small European town: Best part you do not pay tax on gains from selling shares.
Can you setup a offshore company in Dubai that hires you as a trader in Vancouver, then your gains to the company has no tax, pays you a dividend as shareholder and you are set !
Cyprus
@@heungshanawong i havent been to HK yet! need to go soon
Trading in Hawaii is my most favorite place ever. I go every year for 4 weeks, I love to wake up early and trade, finish the day early and have all day to do whatever I want, go to sleep around 10 then wake up early and do it again
I think Malaysia is a good country for trader, low cost of living, reliable internet speed, friendly for expat and low tax
Do you know what is the tax rate?
@@muhd4690 assuming you are non-malaysia, you will need to setup an LLC in Malaysia and trade under LLC. They charge 24% flat rate for corporate tax
Malaysia is best place only for few days traveling.
I have spent there one month with my friend we were faced there lot of problems like gangster mobile snatching bad police behavior bad immigration behaviors.
Such a Dangerous place.
@@usmx001 oh I'm very sorry to hear that... Which part of Malaysia did you visited
Racism country.
I used to live in Sg for 6 years n I would say Sg is the best if u hv a young children. Excellent education system, food paradise, convenient transport system, n it’s very safe country
I have spent many hours researching this topic. IMO the best places to day trade from are
1. Dubai - 0% Tax
2. Caribbean Island Tax Havens (St.Kitts, Cayman, ETC) - 0% Tax
3. Gibraltar - 0% Tax (must have another taxable source of income)
4. Andorra - 10% Tax
5. Romania - 10% Tax
6. Colombia - 20% Tax
7. Monaco - 0% Tax (Stupidly expensive living costs though)
Also I noticed you included Portugal on this list. I contacted officials in Portugal regarding this and you are not able to qualify for the NHR program as a day trader. Since your fingers are in portugal clicking buttons that make you money they will not classify it as foreign sourced income and it will be taxed at the local rate (up to 48%)
The Caribbean islands, Gibraltar and Monaco will require you to have decent amount of money to be able to obtain residency. You ether have to donate 100kUSD+ to the government or have several million to put in a local bank account.
Moving to Dubai, Romania, Andorra or Colombia is relatively easy for full time day traders to obtain tax residency.
Hi there.
Portuguese here, Capital gains are taxed at 28% not 48% ! :) Yes I know , they are high , but if you apply for a residency VISA you will get other Tax benefits that could compensate... ;) The person who inform you doesn't inform you properly !!
Haha. And you think IRS will let you go easy as that? You are not taxed where you sitting and trade.
Dubai 👍
@@HumbertoPatricio Day trading isn't considered capital gains in the vast majority countries including Portugal where they classify it as self employment income. Im sure many portuguese day traders get away with paying only capital gains but once you start making good money the tax man will want their full cut
@@jonaskarlberg1855 not American so it doesn't matter to me. But yes you are correct, Americans will have to renounce their citizenship to avoid taxes after moving abroad
A lot also has to do with the ease to actually obtain a PR.
It's one thing to go somewhere and vacation and do a few trades, it's another to actually be granted a PR and do all the behind-the-scenes stuff (eg. local registry, health insurance, setting up banking, etc).
Sofia in Bulgaria-
10% flat income tax
Very fast and cheap internet
The stock market opens at 4:30pm local time
Very nice weather
One of the lowest costs of living in Europe
Where are you living now ?
And what about UAE ?
How is the safety in Bulgaria?
@@skillfuldabest
I can say it is quite safe. You can walk at night without worry. Just in case, avoid some neighborhoods in big cities.
love it Sofia, will be looking forward to Bulgaria....Cost of living matters for me along with minimal taxation
Hi Svetlana, any chance we can connect somehow... I am planning to relocate to Sofia 😊
Puerto Rico. Been living here for a year and a half and don't regret it at all!
Yessss! I gotta visit sometime 🙌🙌🙌
For Americans, it really makes no difference where you work, you will always pay the US tax rates. One of the very few exceptions is if you incorporate as a trading company in some form or establish residency in Puerto Rico, which has a special tax rate. Bangkok has great internet and reasonably priced lodgings, but your financial options are limited if you do not obtain a residence permit.
No idea why she says you will pay no tax in Dubai, you will to USA.
@@michaelpasquale3467 she lives in Canada. In fact, it’s conceivable 95% of her audience is not from the US.
that is so sick. what if you give up your citizenship?
@@user-wv2cg2mr3w USA has a citizenship renouncement "exit tax" for exactly this scenario.
i believe you have to give up your citizenship of USA after becoming UAE citizen for the Tax
Kuala Lumpur Malaysia probably one of the best cities for traders.
for under usd2.5K monthly, u can get a nice 3bedded condo in the CBD + groceries + utilities+transportation covered. internet is reliable & fast, but not the fastest.
timezone is probably the most convenient.
for FX traders, u can easily trade on Asia 8am, London 3pm NY 9pm session.
for US stock traders, market start at 9pm. u can do other stuff the whole day.
As always very very informative video for traders!
Appreciate you sharing this with everyone.
I'm in Bangkok now. Been living here since November 2022. Straight loving the market hours. I trade premarket, premarket starts at 3pm, which is perfect for me. Because of the premarket hours, Asia is my base station.
Honestly I love trading from INDIA. Fast Internet, Low living cost, Manageable Weather conditions. And if you are trading in US Market then trading hours are quite okay actually. 7:30PM-1:30AM.
I really enjoyed your video. Since we traders can carry our office with us anywhere, I think a good combination would be to find a place that has: low cost of living (hint..small town USA) that is not far from a metropolitan area + high speed internet + tax friendly state. Combine all three and I think you have a winner. I read that Florida, Texas, and Washington State are tax friendly. Thank you for the insights.
My three favorite channels: Humbled Trader, Stock Brotha, & Zip Trader. Make my week complete!
cheers :)
Don`t forget SMB Capital and Chat with Traders
Ok but these favorite channels won't make you profitable.. as you already know.
@richhands5269 didn’t last week on Alex’s channel you say fxalexg, Stock Botha & Zip Trader make your week complete? 🤣
@@HumbledTraderOfficial I wish there was a way for content providers to police their comments and eliminate the scammers. Some scammers are commenting on your videos pretending to be you in an effort to take people's money. I know there's nothing you can do about it outside of turning off comments. So, it is what it is until TH-cam offers better tools to content creators.
Retiring in 20 years? Due to inflation, you may need upwards of $2.6 million to maintain your existing lifestyle, with the ongoing effects of high inflation, lower forecasted stock market returns, and stagnant wages, achieving a secure early retirement could be more challenging than ever before.
An obvious way to lnvest for a recession is to buy shares in businesses that are likely to experience steady demand even in a downturn. Typically, those are consumer staples, utilities, and healthcare companies, but off course such decisions cannot be made by an average Joe, a CFA is important in making this decisions
Very True Such considerations can certainly have a role when I think about whether I ought to buy into a share. But I never purchase purely on that basis, i always have to seek the adv!ce of my financial-planner who has helped me gain $985k in a well-diversified portfoIio that has experienced exponential growth
@@AshtonGrace Who is your CFA?
@@MariusNatt maria teresa tyler, search name to stay connected.
@@AshtonGrace i just searched her name on my browser ... got it thanks
The Netherlands won't tax capital gains, they tax you based on your total assets at 31/12 of the previous year and assume you have a set return rate (and taxes are calculated based on that estimated return). Sadly, if you receive dividends you lose the taxes withheld from you overseas or locally without being able to deduct it from your owed total.
Our time zone makes it great to trade as the market opens 3:30pm and closes at 10pm.
I know most of the dutch day traders get away with paying 0% tax, but if you are making enough consistently they will come after you and try to tax you as personal income.
I personally know one dutch trader who is moving because they classify his trading as personal income and not capital gains.
@@jayyu2174 Thanks. If I am ever profitable I will consider it too.
Great video! Very informative! Thank you for sharing!
Loved the "YES" music with the Jet taking off !!!!
❤
thanks for the information =D, by the way does it mean, when u move to this country, u also trade at the respective country's exchange?
Love this video! Portugal and Spain hit home for me!! 🎉
I split my time between Dusseldorf, Germany, Bangkok, and Medellin, all regions bring different opportunities and advantages.
Try welcome to Malaysia near Singapore is more cheap, centre off asean, eazy to go every where in Asia...
What a interesting and quiet useful information. Thank you.
From India, an old man
I like your honesty.
I am learning from a young person like you and trying to understand your STRATERGIES even though I find it difficult.
Thank you, have liked and subscribed
@@Trade_station1get lost
No matter how old you are you never stop learning.
Great video! A lot of traders and investors underestimate the power of reducing your tax bill! I'm very glad I focused and took the time to understand tax implications early on in my career. It resulted in allowing me to keep a lot more of my returns in my pockets!
Well said! where are you located?
@@HumbledTraderOfficial I'm located in Florida, great place to reduce your tax bill since there is no state income tax! The beaches are a bonus 🙌🏻
Here in Florida too, Orlando ⛅️ 🌞
Very interesting video. Thank you a lot Shay.
Nice rundown of the cities. I had no idea how many are good for trading.
What a great video. I just moved to Malaga, Spain and the fact that I can research the market before the stock exchange opens without getting up at 5 AM is awesome. The lifestyle is one of the best in the world and people are so friendly. However, the best is the Internet speed. I have fiber optics in my place and I get up to 1 Gig download and over 600 Mbit upload. Using 2 routers, one for EU IP and one via VPN for US makes this setup just perfect. Ah, yes. This super fast Internet connection is INCLUDED in my rent;-)
Thankss for sharing . How about the taxes over there ?
I'm considering Canary Islands. The weather is not so hot in summer ..
Thanks for sharing. I am thinking about going to Barcelona for 6 months. not move. I was not sure about internet but sounds like Spain has some areas with fiber. . Malaga is nice as well.
Love Spain and it’s people ❤
What's the monthly cost of living in Malaga, I like the place because of climate.
It's my understanding, no matter where you reside, if you are a U.S. citizen than you have to pay U.S. taxes. Especially if your using a broker that's based in the U.S.
Non on day trading capital gains. Different story if you receive dividends/interest.
I'm a foreigner to the US and my broker is TD Ameritrade I pay 30% on dividend income but not on day trades. So basically if a stock pays 4% yield I only receive 2.8%, 1.2% goes to foreigner tax withholding.
That's why Puerto Rico is the best option for Americans. Though there are other rules that can help Americans living in other foreign jurisdictions, such as the 60/40 rule (in certain cases), the Foreign Earned Income Tax Credit, double tax treaties, owning just under half of a non-controlled foreign corporation under which you trade or conduct business, etc. There is also the option to renounce and give uncle Sam the boot. But, short of renouncing, Puerto Rico is by far the best and least complicated option for Americans, since you don't even have to file an IRS tax return once living in the PR as a bonafide resident, provided you are not receiving any income from stateside sources.
@@riskmetrix1so if I make a million dollars in day trading profits, the govt won't want a cut of it?? Oookaaay👌🏾
That’s False only dividends bs…there even people who pay 0% tax making way over 600k in the USA
Thank you, amazing video !
I’m living in Japan at the moment and I got used to the time difference, I used to live in California and it was pretty much like the Hawaii time zone you explained, and It helped me get better with trading.
under what visa you living in Japan?
I live in Portugal and I don't pay taxes because I withdrawal profits to binance, and I use binance card to pay and for withdrawal cash in atm machines. My broker doesn't comunicate to the financial ministery.
who is your broker ?
You should definitely visit the Canary Islands, especially Tenerife (south). Excellent climate all year round, fast internet, and tranquility - it’s a paradise itself. It’s a different world.
Can you only stay there for 90 days with no visa? What about taxes?
@@rlmint yeah what about taxes?
Thanks for your video Humbled trader! More videos like this!!! :-)
beautifully explained.thanks for video
Very good video! Glad u liked Spain
You have to consider also the distance from you to the server that is receiving your orders. There would be like 100ms or more of ping that separates Asia from USA. So the closer you are to the stock exchange the better, I suppose.
Not if you are trading once a day/week/month ! :)
Depends also on your broker. If you are with a large established broker, then they will have several local servers. If you are a heavy scalper, then there is always the possibility to use a VPS.
I'm swing trader, i learn alot from this channel. Fantastic for building view. Highly experience trader
Very informative. Thank you so much!
As a Japanese who is a trader and digital nomad, Japan would be the worst in this list(I agree with the food is amazing). IBKR, TDA and most of other international brokers are not available in Japan and the majority of domestic brokers don't even support US market or even if they do, they charge you the tremendous amount of fee and commission, hard to get a long-term visa too. My pick would be Thailand. Capital gain from the foreign assets are not taxable, low living cost, can easily get a long-term visa(if you can afford)
6:54 Fast internet cities means nothing. Latency is what matters for trading if you are doing fast executions. For example someone in Singapore trading on ThinkorSwim using 1 GB internet with ethernet into a PC will still have slower execution over some dude on a farm in Nebraska using WIFI because TD America's servers are in Nebraska.
TLDR; You don't need high download speeds to trade...you need low latency to the brokers servers.
How bad the latency would be? I think less than 5 seconds could be acceptable. Is there a way to test the latency? Is there a way to solve the problem? For example, trade using a cloud server near Nebraska?
TOS as so much slippage that it probably does not matter where you are
@@TVB1st It still matters. TOS has slippage but you still don't want additional lag on top of that. I know microscalpers profitable on TOS having 50k+ months
Very nice video thanks!
I'm also very fascinated with desktop configuration, congrats! Can I ask how you've ben able to mount the upper monitor so high? I'm searching around for a high and stable desk arm unsuccessfully
I've found your trading Setup video, all solved, thanks a lot for your great videos!
Hey Humble.,
Do you do your own producing yourself? This channel is really good...
Imagine trading from Bali. After having a hefty trading day, you could go chill on the beach
yesssss
I was looking into Bodrum or Alanya Turkey.
For reliable Internet, you should consider using clouds nearby stock market, you speed and reliable link could be lesser performant without compromise your performance.
Do you have a video where you explain all of the terms you use? Short, long, meme, retail traders, bounce etc?
A few you may have missed are: 1. Panama City, Panama; 2. the island country of Gibralter; 3. the island country of Curacao; 4. Dublin, Ireland (the most expensive on my list, but less expensive than some of those mentioned in the video); 5. Valetta, Malta; 6. Nicosia, Cyprus; and, 7. Kuala Lumpur, Malaysia (a much better choice when compared to Singapore or Hong Kong).
These are all tax-optimized, depending on trading style and organizational structure. They all have great lifestyle at a valuable cost of living. And, they all have adequate standard internet with options to upgrade to lightening fast internet. And, all happen to be trading and expat hubs.
I'm currently on the way to moving to the UAE to setup a trading organization.
Your comment on Malaysia looks interesting.
Could you please point me to some information on what those organizational structures and trading styles involve? I'd be grateful. Thank you.
What would the tax rate for people with sole income from trading in Kuala Lumpur?
@@CoCody_ That deoends first on what your home country is, and then also on what your srtucture is, and where domociled, and finally on what level of income your trading is generating. It could be anywhere from 0% to well over 50%, depending on your answers to those. If you're a US citizen, then you'll simply be taxed at you normal tax bracket.
@skranz7790
Thanks humble trader , I've been humbled too . I'm moving from Quebec to BANGKOK ...... yeah............. thank you for every thing you do , i think i love you ......
If u go to Bangkok let me know please
Lol
Dude professed his love for her 🤣
@@israelmills7442
Hi Israel
I said that i think i love her .
I subscribe to many different trading channels but she is different by being funny , great sense of humor , very cute and my favorite type of woman , Asian.
The main reason why I'm moving to Bangkok as soon as I sell everything i own.
Great weather compared to Montreal , good internet , no snow storms , beautiful places to visit nearby , no religious zealots , very safe compared to USA cities , friendly peoples , cheap cost of living and unbelievably beautiful Asian ladies .
Like Humble Trader .
Hawai’i was BRUTAL to trade in.. waking up at 0330am to trade and stop at 10am, I was tired AF.
Just got back from vacation in Hawaii. Up 3:30am to 2pm for market hours. Brutal
I live in Singapore and despite the super fast internet, I really do not fancy it. The cost of living is just painful. Not only rental. But also food. Even restricting it to food courts, it is still expensive. I am surprised that you cited Bangkok, Chiang Mai, Singapore and Taipei but you skipped Bali ! Bali is safe, cost of living is low, rental options are fantastic and internet is OK-ish depending where you live. I am a day trader and I am seriously considering moving there. Too fed up with the sky high costs here in Singapore....
Bali is safe? Go home boi Lolol
Racist to it's finest
Yep , love Singapore but so expensive, Australia is the same but lacks the life style of many Asian countries, cost of living in Australia at the moment.
@@guardianpikachu I lived in Europe, Middle East and some time in US. Now it's beenn more than a decade living in South East Asia. Whether it is Singapore, Vietnam, Bali, it is super safe. The only unsafe places are mostly in Phillipines. But all other countries are safe.
Bali? I was just there. Not impressed by their internet speed and food selection was kinda meh for me. Thailand, on the other hand, was a lot more fun. Faster internet, slightly better trading hours, and those US $8.50 / hour Thai massage everywhere, coconuts, shrimps, Thai food..etc. But if you're a a surfer, a hippie, a vegan, sure.. I can see the appeal of Bali. Forgot to mention, TD Ameritrade had no service in Bali whatsoever. Not through their app or their website. None.
Great video. Take a look at Tbilisi (Georgia) too. It has 0% tax for trading anything that's not based in Georgia. So, basically, it doesn't overlap with the article 104 of being "Georgian Source Income". There's also 1% income tax per year for foreign entrepreneurs starting/moving their business here. For trading companies though, there's standard 20% income tax. For stock investments though, there is a 20% tax for individuals and 15% for companies. This is only for the investments though. The GDP per capita of Georgia is just about $5000, yet it is a highly developed European country with people of great culture and love for foreigners. It's a country with one of the lowest crime rates in Europe, as well as average Europe temperatures. Being biased here, but foreigners also say that it has one of the best landscapes in the world, or at least in Europe. Tbilisi, the city to move in has a population of 1.5 million. The temperature in this particular city does hit 40 degrees Celsius occasionally, so there may be other considerations for the one moving in, such as Batumi which has it's own beach, clean air, massive building and entertainment centers. Batumi is basically Las Vegas of Europe. Enjoy!
MOST HELPFUL VIDEO!! As an expat working in Singapore, I can totally relate to this.... and I love every time I watch your Pretty face in the videos 🥰🥰
hey there....have a nice day im here to ask that can we day trade us markets from newzealand through in teractive brokers... hope you answer
Monaco might be also a good idea trying to pay less taxes. Great location, in Europe, but expenses should be high as well.
Yes , very expensive, but beautiful.
Do not forget another important factor, it's the city's safeness.
Oakland California. 👌👌
And that includes sleazy cops who may blackmail you.
true
@@bobbyjoe5781 LMAO
Which is why I would personally avoid hurricane prone areas like Miami and Puerto Rico
I would personally rather live somewhere cheap and stable with higher taxes than somewhere risky, complicated, and possibly difficult to leave in an emergency
Honestly if I can work from home I'd probably find a simple, cheap, comfortable place to live nearby my current home and avoid the fancy stuff, just so I don't have to stress about much
All personal preference of course
Thank you so much for this great video! As a road marathon runner, which city among those cities that have fast reliable internet do you recommend for running? And have you ever been in China, how is the internet connection reliability there?
I’m in London now but Portugal and Dubai look like great options
Panama.... Foreign residents do not pay income tax on foreign based income. This is why I now live here.. I highly recommend it here. Great restaurants, people, healthcare, dental care etc are actually better than in Canada. If you are of the age of retirement there are even more perks and benefits. It's safe, Housing is MORE than affordable, and the economy and government are stable. I used to live in Toronto and Panama City is 1 hour behind. My trading has not been effected at all. There are huge english speaking expat communities, especially in Panama City. It's best to learn Spanish though.I spoke some Spanish prior, but became fluent in no time. My husband does not speak Spanish very well and he gets on just fine. I understand Costa Rica is much the same in all respects, although I have not been there yet. I Hope I have contributed to the conversation.... Cheers!!!!
The Philippines
Pros:
- Low cost of living [in comparison with US & Canada]
- USD/CAD is valued higher than the local currency
- Low Capital Gains tax [6% of realized profits]
Cons:
- High income tax [percentage-wise]
- Ultra slow internet
ah... the internet problem :(
@@HumbledTraderOfficial yes Auntie. Capital gains tax is a cool 6% though. However, having a light vibrant atmosphere with lots of recreational activities around kinda makes up for the slow internet here in the Philippines. 😁😁😁
Me and my fiancé were talking about moving to Cebu
The only thing really stopping me is their erratic weather ( typhoons etc )
@@israelmills7442 We get anywhere between 20-30 typhoons a year. So yeah.
Philippines is STARLINK friendly, fast internet anywhere now. Slow internet is no longer a problem.
Best video ever, Thank You.
Panama , after a long search, become nr. 1 in my list. 0 % tax for foreign income . Highly recommended !
Trading U.S.A. markets in Singapore is tough, day and night time differences
Are you staying up to 4am? 😜
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
Essentially, no. Recession is defined as 2 consequtive quarters of negative GDP. Even then, there is a big difference between the technical recession as defined thus, and real hardship-inducing downturn. Next, recession has nothing to do with population growth. A growing population with increasing unpemployment and decreasing productivity is one of the cast iron recipies for economic decline. Finally, the definition of recession is such that recession is only diagnosed looking backwards. "Projections" for recession are just garbage, as the last few months have very aptly demonstrated. Trying to talk up some country while talking down others based on "recession projections" is even bigger garbage.
Manhattan is very expensive of course, try to live in Jamaica hills in Queens
Spain taxes on worldwide income and visa is usually limited to 90 days per 180 days
Great video. Any chance you can recommend or do a video about how your friends managed to get to a country and start trading? I always wanted to go to Thailand but I am unsure about the process, do you need a specific visa to be able to day trade etc?
She not show her residence,false video
We are moving to Thailand in 6 months
Isle of Man also has 0% capital gains, and 20% income tax. Also no speed limits on public roads 😎
When you travel, what 2nd monitor you use when trading?
Varna Bulgaria benefits. the weather is bearable ;) Close to the airport and beach. Super cheap rent. Good internet. Time zone perfect for trading the European market
I trade in the Uk for 3 months (summer) and Bangkok 9 months each year. I'm used to the high Thailand temperatures and love the travel opportunities around Asia. Just bear in mind that Thailand doesn't 'approve' of trading, so taxes are based on your 'home' residence.
What do you mean "Thailand doesn't approve of trading"? That sounds quite interesting. Though I'm curious if this is an official legislated stance, or if it is simply socially frowned upon. And therefore, how is trading associated only with your home country? If Thailand officially doesn't want anything to do with trading profits, then that seems to make it a top choice in SE Asia.
@@skranz7790 Trading is considered betting, which is not allowed in Thailand. Therefore you can't use Thailand as a base for declared income from trading.
@@skranz7790 You can trade in Thailand, I know traders who have legal companies so a working permit but they do pay their taxes on their income.
The problem is that only Thai and US Citizens can register a sole proprietorship company. Other nationalities have to find Thai partner(s) who own 51% of the company and hire 4 Thai citizens for each working permit delivered to a foreigner. Quite complicated when you want to trade as self-employed...
Most of the digital Nomads working in Thailand (except US citizens who chose to do it legally) are actually doing it illegally with tourist visa, they doesn't have a working permit which is necessary for any kind of work, digital or not. Of course they also don't pay their taxes because it's very difficult for the Thai government to control digital work and it would be assuming to work without Working Permit.
Worth mentioning that Switzerland is tax free for traders and in the Netherlands trading gain tax is only about 1,2%
Great recommendations, especially Lisbon as it's already on my short list of places to retire to.
i love Lisbon :D and Porto
Portugal has a 28% capital gains tax. It wouldn't surprise me if it eventually vies with Denmark for Europe's highest capital gains tax. The country is dogmatically socialist.
Porto, though I love Cascais.
@@williampapke2163 There's nothing Portuguese about Cascais.
for example, if i am move to those city. do i need to move my trading platform! (TD) to any that country trading platform ??? or could i stay with TD
I am from Singapore.. It's HOT, crowded, very little entertainment and expensive, also 12 hour difference from the US market.
Only benefit, it's 0%tax on capital gain, the country is very safe, and main language is English
Main language in singapore is english? Wow didn't know that
@@stevep4236 yup.. English is compulsory for every Singaporean to learn.
@@stevep4236 Yep. Our official language is Malay (Bahasa Melayu) but the language for business and communication is English.
Malaysia Capital Gain on stock is 0%, they only tax us on dividen.. for me daytrader I don't hold longterm so no dividen to worry about. My internet is at 500mbps and very reliable. Living expenses is way cheaper than Singapore.
awesome! ill have to check out Malaysia!
Malaysia is more cheaper
Very nice and informative video thank you.
I like your standing desk setup. What Computer hardware and OS are you using? What monitors are you using? I am using a HP laptop with AMD Zen chips on Zorin Linux. After much work on drivers and confirguration, i am happy with my setup. But at some point i will need to need to upgrade to a tower with multiple monitors. I am not happy with the HP brand.
Taiwan is very nice, but China might visit? I wouldn't want to risk it - especially long term.
A vacation for a week or two, that's just bad luck if it happens.
what about the lowest tax in Canada by province
i love LA time zone for trading.. but i hate it as a city and could never live there. NYC is the place to be for me personally! or Miami. anywhere on the east coast!
Thanks for this video. I was content when you mentioned my soon to be home country. Thailand it is. I will check out Chiang Mai and might consider living there instead of in Bangkok. ❤❤❤
Penang Malaysia is decent city for trader. 0 capital gain tax, same weather, good internet connection, same food as Singapore but wayyyy cheaper cost of living.
Big no! Highest crime in the world! Everywhere criminals specially from Malay people!
Yess can try Malaysia
Langkawi - Being a tax and a duty free paradise? I'm not sure whether the income tax is still applicable or not?
UAE, DUBAI is the best. If you trade US and Europe the Time is Perfect. O% Tax the Weather ist great from Sep to April the rest you travel and go on Holiday. And we have AC as well. Cost of living is like US or Europe. It´s the best place for traders by far and the clubbing scene ist great and great leisure Zones.
But I think from July 2023 onwards, Dubai (UAE)has started 9% tax ?
Is that tax not for traders?
Has nothing to do with trading.@@user-gd2ur8do8i
nice videos helpful thanks
Your videos are truelly great. Thank you.
@@Chat___up___ What happens when you breed a red fox with a white arctic fox? You get a PINK FOX..........and that Fox's name could be VIXY, Because it likes to jump very high.
And its 1am August 18th, 2023 AD.
me as a trader from Puerto Rico its hard to see those benefits for all people to come and me as a Puerto Rican have to pay so much. Its just horrible . last year had to pay 40% of my gains GRRRR
If you are a US citizen earning capital gains in the US market, don't you have to pay taxes on that? Does a foreign corp change that? Also, I am an LA resident and I pay truck loads in taxes. Property tax, sales tax and DMV fees are at the top of the spectrum.
Yes you have to pay taxes in some way as a U.S. citizen no matter where you move unless you give up citizenship. In the foreign country you live in, there might be tax treaties in place so you pay the higher amount of tax in one country up to a certain amount, then the rest gets taxed to the US
I am in Puerto Rico and after receiving the Act60 grant we do not pay any capital gain taxes. Following the rules of the grant is another story but very doable for us. Saved lots in the very first year of moving here.
great info,, thank you ,,, do you have any information on Bali, Indonesia ??
Im from indonesia, and i think bali is the best place for trader 🥰
I will be in Hawaii for 3 months December through March. Let’s meet up Shay when you go. I will try trading in Hawaii but not sure if I can get up early. I am finishing up my military career in Korea so I didn’t have good trading hours for last two years while working full time. Hopefully I find good place to retire and dedicate my time to full time trading.
almost choked laughing at your 0% reaction at 4:56🤣🤣🤣
moomoo ? Not even a brokerage firm but a middleman, a Chinese owned middleman who's only source of income is arbitration between it's user and the brokerage firm. What can go wrong?
You don’t have to pay state income taxes in Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. You still have to pay US taxes if you're a US citizen regardless where in the world you are trading from.
What about Canuks moving to Puerto Rico, be interested to know ?
bali??
Great Video. Im day trading in Bangkok Thailand with ThinkorSwim and Im dying with the connection issues to the trading platform. @HumbleTrader, you used Interactive Brokers while you were in Bangkok? If so, how was the execution and speed with that platform? Did you use a VPN or anything? Thank You
I am going to Taipei on Tuesday. If I am American citizen and file my annual taxes I think I still have to pay federal income taxes on capital gain no matter where aim live.
US has their hands in everything.
I live in Vietnam but trade with a US broker as a US citizen. I file my 1040 without any thoughts on where I live. I could be living on an island but I would still have to file a 1040.
@@Charvo75 Where in Vietnam are you? I'm thinking of coming to Vietnam.
Monaco, Bahamas, BVI, Singapore, Hong Kong, Paraguay, Cyprus, Belize and Swiss.
❤
My main residence is on Eleuthera in the Bahamas, absolutely love it, fantastic locals and so peaceful, not the cheapest but compared to Australia it is .
How can you access your home trading website? I keep getting the one for the country I’m in.