Investment advisor licensed in US in Manila area?

Skip Scott wrote:

My US investment company decided that they would no longer service accounts that have a mailing address overseas unless the account is >$5 million. Yikes!

Anyone have contact info on investment advisors located near Manila that is licensed in the US?

Not up on US law/tax obligations or investment companies but why don't you get a US mail forwarding company like many that live here have. There is lots of info I have read over the years on expat sites affording the benefits of these services and holding a US address, only an observation. Good luck.

Cheers, Steve.

Thanks, Steve. Have done exactly that for the 12 years I've been here. Recently was advised by my investment guy that Merrill Lynch started tracking internet IPs used to access US accounts. So he tried to get me sent over to the int'l division. No luck, as they will not accept accounts of less than $5 million (yikes!).

Thus my question here.............

VPN?

Cheers, Steve.

Yes, I use Nord VPN. But only in the last 5 years. I may have not been connected a few times though.

Skip Scott wrote:

Thanks, Steve. Have done exactly that for the 12 years I've been here. Recently was advised by my investment guy that Merrill Lynch started tracking internet IPs used to access US accounts. So he tried to get me sent over to the int'l division. No luck, as they will not accept accounts of less than $5 million (yikes!).

Thus my question here.............

Why having investment advisor from Merril Lynch? ? ?   They were among them who screwed up much before and at bubble bursts...
And why have ANY investment advisor employed by a broker? ? ?  At a test most of them got beaten by a MONKEY  who threw DARTS...   ( And I did beat almost all of them MUCH.)
Such advisors earn  by how much you TRANSFER
UNDEPENDING of if they make bad or good advice!!!

coach53 wrote:

Skip Scott wrote:

Thanks, Steve. Have done exactly that for the 12 years I've been here. Recently was advised by my investment guy that Merrill Lynch started tracking internet IPs used to access US accounts. So he tried to get me sent over to the int'l division. No luck, as they will not accept accounts of less than $5 million (yikes!).

Thus my question here.............

Why having investment advisor from Merril Lynch? ? ?   They were among them who screwed up much before and at bubble bursts...
And why have ANY investment advisor employed by a broker? ? ?  At a test most of them got beaten by a MONKEY  who threw DARTS...   ( And I did beat almost all of them MUCH.)
Such advisors earn  by how much you TRANSFER
UNDEPENDING of if they make bad or good advice!!!

First of all, I knew all of the team, and had them investing for me for over 20 years. Came to the Philippines 12 years ago and stayed in contact by phone/email/secure email. I did not have enough time to manage the investments while working. Now retired, I simply have better things to do than sit at a computer and analyze the markets 24/7. Having that account for so long enabled me to dodge commissions for the most part.

I am  satisfied with their returns, beating the markets index average returns by an average of 5-7% per year, good bull or bear markets.

Skip Scott wrote:

I am  satisfied with their returns, beating the markets index average returns by an average of 5-7% per year, good bull or bear markets.

Well. Thats better than average   
but Im not impressed anyway   

(Back when I found there were bargains enouh to find in "western" stock markets I had these year results myself.
Percent profit of capital in start of the year
174
small loss. I beame to cocky      by the results to year before so Ididnt check enough)
257
85
22      I had to much other things to do these years
7        I got brain inflamation and almost "knocked out"   so I just sold off all
Stayed out but then a profesional investor friend called me and reminded me of a share I had recomended TO him before I got brain inflamation.   So I bought. Then the market fell 2008 but I kept them anyway so I got
45   plus in 5 months DURING the market fell big.
35   the year after inspite of my brain inflamation. 
But then I have stayed out by most in "west" are much overvalued in my oppinion and I want to buy for less than things are REALY worth       not what te stupid ,market pay based on only TA !!!  (=price changes, which can make bubbles easy when a majority of the traders are that stupid not thinking of what things REALY are worth before they trade...)

. .
Now Im buying some wrong handled businesses in Phils instead.  After we have corrected the errors, I expect they will be worth at least 4 times more than what we are paying for them, but they have big errors, so I expect it will take 4 - 5 years until first biger cash in.   (But I dont plan to cash in then, because I plan to buy more such which they sell cheap by they dont know how to handle them    - If these later prospects havent copied us by then    how to solve their errors.   We will have employees, who can see what we are changing, so possible it will spread to other owners by tsismis  =gossip    before  we have bought that second bunch

all think so small my investments are  50 percent per week and i do nothing every friday i receive my profits and i do nothing just relax

OK, as one Aussie to another, fess up. What are you trying to sell? If not selling why are you here and not sharing your 50% per week returns?

OMO.

Cheers, Steve.

im not trying sell any thing only if any one want advice how make good money in philippines i would tell them but i would never ask anything in return

unlike you who take commision for small returns

bob hill wrote:

im not trying sell any thing only if any one want advice how make good money in philippines i would tell them but i would never ask anything in return

Copy that. Then if you want nothing why not simply share your unbeatable formula for a 50% return per week with fellow expats, the world for that matter instead of skiting about it?
In another post you mentioned it was gold related.

https://www.gold.org/goldhub/data/gold-prices

OMO.

Cheers, Steve.

bob hill wrote:

unlike you who take commision for small returns

Excuse me?

Cheers, Steve.

(omo)
Gold may be yesterdays news....Smart money is on NASA....or should I say the
"golden asteroid"   https://www.google.com/amp/s/www.nbcnew … cna1027971

yes , you can try "SAXO IN HK " YOU can invest in us market in usd , minimum 10000 usd to open account

One of our most respected Prime Ministers in the UK was Harold Macmillan who was in office from 1957-1963. A real character. One of his favourite sayings in politics was 'events dear boy,events'
When it comes to investments mine would be 'charges dear boy, charges.' but said (to the relief of our Aussie friends) without the posh pom accent 

Investors tend to concentrate on returns when its the charges (commissions) that really bite into your fund(s) performance over the years. As soon as you bring in a humanoid to 'advise' you you're in trouble. We have something called the internet where there is abundant investment information (and admittedly many rogue investment charlatans).

Low cost online only fund providers like Vanguard or Blackrock along with low cost ETF's (exchange traded funds) in the long run will serve you well. These companies do not employ expensive 'financial advisors'.
Has it never occured to the OP why these people whose investment advice is so 'valuable' as to why they don't work for themselves? And why would all the 'get rich quick' book authors are confiding to the GP their investment secrets? Correct to sell lots of books.

Where (imo) you really need advice is with taxation specific to your personal circumstances especially when you reach retirement. Advice specific to the fiscal laws that apply to your country of residence.
By the way - this advice is free.

Lotus Eater wrote:

Investors tend to concentrate on returns when its the charges (commissions) that really bite into your fund(s) performance over the years. As soon as you bring in a humanoid to 'advise' you you're in trouble. .

Well.  Corect iwhen its "advicers"  who carge much for not imprssing results   
but when its REALY GOOD investments, then the charges arent so important.
(Back when a  friend of mine handled investmens for othershe charged a percenage of what he did BEAT index with, while the normal is charging even when they reach LESS than index...!!!)

Lotus Eater wrote:

We have something called the internet where there is abundant investment information (and admittedly many rogue investment charlatans)..

Yes or chose at random by throwing darts as the money, who got better results than most investor advicers   

Lotus Eater wrote:

Where (imo) you really need advice is with taxation specific to your personal circumstances especially when you reach retirement. Advice specific to the fiscal laws that apply to your country of residence.

Yes.  I dont know such tax laws in USA,, UK nor Australia,  but concerning stocks and dividents has the Philippines much lower tax than Sweden but similar high at income taxes, because its common the most rich in Phils earn mainly by dividents.