Best place in the world to trade?
- Thread starter Gordon Gekko
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I was speaking to someone last week about this.
You can pick up a 4 bed three bathroom for less than £140,000 with the current exchange rate. The person i was talking too was getting an average occupancy around 9 months of the year for his Villa and is buying more.
However I don't think House prices tend to rise in the US like they can do here.
Given interest rates and other costs I reckon you need around 25 weeks occupancy to break even, maybe someone who actually does this can give a real world example?
Of course if you buy one in joint names you can deduct a return flight and other costs against the income as expenses or so I've been told ;o)
JonnyT
You can pick up a 4 bed three bathroom for less than £140,000 with the current exchange rate. The person i was talking too was getting an average occupancy around 9 months of the year for his Villa and is buying more.
However I don't think House prices tend to rise in the US like they can do here.
Given interest rates and other costs I reckon you need around 25 weeks occupancy to break even, maybe someone who actually does this can give a real world example?
Of course if you buy one in joint names you can deduct a return flight and other costs against the income as expenses or so I've been told ;o)
JonnyT
aha! I am going there to live in September, any experience of trading there? their IT is naff and their broadband is typically the width of a strand of cotton but hey...
According to me the yank markets open at about 2130 there (Bangkok local time), I am sort of worried about late nights...
David
According to me the yank markets open at about 2130 there (Bangkok local time), I am sort of worried about late nights...
David
andrewmooton said:
TheBramble
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...only need £40,000 for Oz.
Does that tell you anything...?
Does that tell you anything...?
TheBramble
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David Brook said:
I was responding to AA99's post yesterday, but hadn't realised there were so many posts in between. I Thought I was going to be the next post.
It isn't the first time I've 'lost quotes'....(nor the last I'm sure).
adrianallen99 said:I lived in Newzealand for a year, I would probably go back there. In fact when I have enough cash I will
Need about £300,000 to get residency as an investor
adrianallen99
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You can get residency in New Zealand with less, just if you have $1,000,000+ you can apply for residency as an investor. As mentioned in another post, Im not allowed to enter Australia until 2005/6 as I have been excluded from the country due to trying to enter on the wrong visa.
Even with the time difference NZ would be my choice, although I have been offered a trading job in Mexico and have been told there are some nice places there and the beaches are great.
Even with the time difference NZ would be my choice, although I have been offered a trading job in Mexico and have been told there are some nice places there and the beaches are great.
What about Iraq?
Great weather, and its now officially an 'emerging market', so Im sure there are lots of opportunities for the commercially minded. As for trading, their currency can only go one way now (that it's worthless). Similar situation to Argentina. Worthless currency one minute, triple your money over the next four months!
Property is dead cheap too. Petrol price is rock bottom.
There are loads of fat brainless yanks there - so you'll feel just like you're in Florida.
The best bit though is that there is no government, so you dont have to pay any tax
See ya - Im packin' my bags......
Great weather, and its now officially an 'emerging market', so Im sure there are lots of opportunities for the commercially minded. As for trading, their currency can only go one way now (that it's worthless). Similar situation to Argentina. Worthless currency one minute, triple your money over the next four months!
Property is dead cheap too. Petrol price is rock bottom.
There are loads of fat brainless yanks there - so you'll feel just like you're in Florida.
The best bit though is that there is no government, so you dont have to pay any tax
See ya - Im packin' my bags......
bizmanny
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Gordon Gekko said:
Hi guys, is there any new place apart from few mentioned already since it has been over 2 years since most people post their replies to this thread. So far these countries have been mentioned South Africa, Thailand, Italy, Spain, USA, New Zealand, Singapore, Australia, Dubai, Cyprus, Barbados, UK Surely it must be more than these 12 countries.
It will be very interesting to hear from people from all over the world. Comments or experience from Carribean, Asia, Eastern Europe, South America and Africa will be much appreciated.
I have heard good comment from some countries like Seychelles, South Africa and Mauritius in Africa Is there any other good African country which meet above criteria.
Eastern Europe:- Heard positive stories about Slovenia. Anybody living in these countries or have been there?
How about Brazil is anybody trading from there.
bizmanny
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Pat494 said:
Why "NUTS or something?" Feel free to express you opinion,criticism and say whatever you want but don't call people NUTS without giving any reason It is not good and is rude. No need to insult others. Of course you could resist if you wanted to, it is not that hard.
You could explain at least mention one reasons why is not good place to trade That would have been more intelligent way to carry out your argument.
Or you could have ignore the post and move on. No need to answer NUTS post if nothing else you would have save yourself precious time.
Most places some people would consider it good place to trade and others will consider the same place not good enough. But if there are reasons mentioned people can make their own judgement.
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Info about Andorra:
http://www.lonelyplanet.com/worldguide/destinations/europe/andorra/
A place with no taxes.
http://www.lonelyplanet.com/worldguide/destinations/europe/andorra/
A place with no taxes.
