Im curious for UK, Aussie or US expats in Indonesia on how you are investing. Do you use a company such as vanguard and if so do you use an address in a home country as i dont think they allow Indonesian residents? Or if not Vanguard is there another company that you use?
Im a bit of a doom and gloom and as such presume that a global recession is heading soon but i still want to be ready to get back into the markets. My experience with the expat financial advisors has not been that good and ive heard lots of horror stories from friends so im avoiding that route.
Investment in one of my fav topic.
Hope this might help.
In the US, I use Vanguard only to open my Roth IRA. My employer gave me 401K and RSU and allowed me to purchase their stock with cash reward. I locate my investments in diff buckets while I’m not a big fan of tax exempted investments and Investment that are relying on Market’s Price, I still keep them just to keep my bucket of investments more diverse. Whole life insurances is another form of my investments, I have borrowed against the cash value and invested back in several rental properties. The dividend doesn’t decrease, hence I use it to pay the premium. The income generated from my rental properties is to pay the loan back. The money works for me. On top of this, it comes with a death benefit. But don’t confuse it with term life insurance. They are diff. This is also tax free, except when I close the account.
529 is another form of tax exemption investment I did for kids college later. We started it since they were 5yo.
As easy money under the pillow, I do gold bars and Money Market. However, I don’t consider this as investments, this is more for emergency funds with better yield than savings account.
In Indonesia, I do properties and land. I bought properties in lahan bebas banjir and the rent goes to my parents. They don’t ask but it’s a form of gratitude for raising me with so much love, it’s a cultural thing that I can’t deny being an Indonesian.
I’m sorry you have bad experience with financial advisor. I have a mentor who is an advisor as well, I learned so much abt investments from this lady.