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I am a US/Japan national, considering moving to Japan from the US. With ETFs in a US brokerage account, and holding a decent amount of USD acquired at pre-2022 exchange rates, what is the best way of handling ETF distribution taxes on the Japan side? When an ETF distribution happens (in USD) I would like to split off the amount I need to pay taxes (20%?), and re-invest the rest. Is there a sensible way to do this, without also ending up with a forex gain liability? Getting taxed more because I had to do currency conversion to pay taxes seems unavoidable, and because of the cost-basis of my USD the "re-invest" portion also seems like it would be a taxable event because I am spending USD. Additionally, if people have experience/advice with handling "I moved from the US to Japan, and I have a (Roth) 401k", that doesn't involve tax evasion or an accounting nightmare, that too will be helpful. Thanks in advance!
Kindly need po ng advice about sa plano kopong pag invest po sa forex. Plano kopo mag part time day trader na may capital po na 100 usd sa forex acc. Po sa phone po ako mag papart time mag forex trade po Mag 21 na kasi ako next yr and napapa isip ako its time for me na wag na masyado pakasarap sa life, para habang nag aaral po ako may extra income ako kahit papano po, pang tulong nadin sa Mama kopo Sa tingin nyopo ok poba yung papasukin kopo na desisyon habang bata pako? Thank you po.
Are we now forced to speculate on Forex for investing in USD stock?
i understand technically you always have to take into account currency fluctuations However now with more volatile markets investors are turning to USD for a sense of stability. We’ve seen the USD soar against other currencies such as our own CAD. My question is, as markets cool and return to more stable conditions down the line, the CAD may gain on the USD slightly, reducing the returns on a stock bought in USD. So are we forced to speculate not only the price movement of the stock, but now also the possible major fluctuations in USDtoCAD OR lack of change? Thanks,
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Forex Cards are trending nowadays as many people oftenly plan to travel to foreign countries. These cards are a medium of making payments in dining, shopping, or wherever you want to spend money. If you don’t have a forex card, try to issue it as early as possible because it is a golden opportunity for people who frequently plan to go abroad. There are unlimited banks that offer the facility of forex cards in India, but we have mentioned some of them. Let’s go through them one by one:-
HDFC Regalia ForexPlus Card
You don’t need to be worried about currency exchanges when planning a trip to or studying in the US. HDFC Regalia ForexPlus Card comes up with USD currency. Furthermore, the currency exchange charges are zero. You can block your card through internet banking for temporary reasons if you are not traveling for the time being. Features of Regalia ForexPlus Card
Contactless Payment
Delivery of cash in emergency cases, such as you have lost your card.
Accepts at International Airports, including India
Insurance coverage ranges between Rs. 50000 to 5 lakhs.
You can access the card at lounges of international airports.
Fees & Other Charges You must pay some charges when issuing the Regalia ForexPlus Card. However, some of the major charges & fees that are being levied by HDFC are mentioned below:-
Forex Plus Card by HDFC is one of India's best cards as it suits students and workers who work abroad. Having this card only provides the convenience of currency available in your wallet or account, but it is also loaded with lots of features that are mentioned below:- Features of ForexPlus Card by HDFC
Secure and Fast Transactions are possible only because of a Chip & PIN at the POS.
You can change your ATM pin according to your convenience.
Backup Card only on request
You can block your card for temporary reasons
Insurance coverage upto 25 lakh
You can load upto 22 currencies in one single and enjoy your trip.
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Fees & Other Charges The fees and other charges being levied by HDFC Bank ForexPlus Card are mentioned below:-
Joining Fees: Rs. 500 (plus applicable taxes)
Issuance Fee: Rs. 500 (plus applicable taxes)
Cash Withdrawal Charges: USD 2
Reload Fee: Rs. 75
Cross-Currency Usage Fee: 2% of the transaction amount
Axis Bank Multi-Currency Forex Card
Axis Bank Multi-Currency Forex Card is India’s best card that is suitable for people who are living in abroad for studies or planning a short trip abroad. You can store upto 16 different currencies at a time in a single card. Having this card in your hand makes your trip memorable, and at the same time, you are stress-free. Features of Multi-Currency Forex Card
Get Cash in Emergency
Safe & Secure
Shop and Roam Across the Globe with one card
You can block the card anytime
Get a 15% discount on various restaurants
On every spend of 5 USD, you will get 2 reward points
Special Features Applicable Only For Student
No charges on ATM transactions
No charges on Issuance and reload fee i
1% cashback on ECOM/POS transactions
Complimentary TripAssist service
Fees & Other Charges
Issuance Fee: Rs.300 + taxes
Reload Fee Rs.100
Add-on Card Fee Rs.100 + Taxes
Encashment Charges Rs.100 + Taxes
Cross Currency Fee: 3.5%
Balance Inquiry: No Charges
ICICI Bank Sapphiro Forex Prepaid Card
Sapphiro Forex Prepaid Card by ICICI Bank comes under the category of premium card which is charging very high on issuing a card, i.e., Rs. 2,999 in the initial year Rs. 999/annum chargeable second year onwards). Features
You can avail of discounts while booking the hotel/flight tickets.
Can access the card at international airports lounges.
Insurance coverage of up to Rs 2 lakhs in case you have lost cards
You can contact the customer support team 24/7 in case of losing the card.
Charges & Other Fees
Issuance fee: 2,999 + taxes
Annual Membership Fee: Rs. 999 + taxes
Foreign Currency Mark-Up Fee: Nil
Cross-Currency Usage Charges: Nil
Cash Advance Fee: USD 2
Conclusion
If you are planning for a short trip, working or studying abroad, the above card helps you at every stage. Furthermore, Forex cards make your trip stress-free because you don’t have to convert your country's currency into foreign currency. With a single forex card, you can roam to different foreign countries across the globe. These cards accept various currencies at a time, allowing you to do shopping in any corner of the world. The main advantage of issuing a forex card is that you will get decent rewards, discounts, or bonuses while shopping or dining. But, every bank offers different features on forex cards. More Related Articles At: Trending Brokers
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Forex traders who use appropriate trading strategies and understand market conditions can generate significant returns. In India, there are hundreds of free Forex trading apps available, but choosing the right one is crucial when getting started. Forex4you offers traders the perfect blend of excellent research and trading tools, making it one of the best forex trading apps in India. Trading Forex, stocks, CFDs, metals, cryptocurrencies, commodities, and indices are all available through Forex4you. https://preview.redd.it/elo5dlgn025a1.jpg?width=690&format=pjpg&auto=webp&s=40f4563f7b8ee8e44a9b4778ae0d2aebe86ccb85
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