Widest access to American ETFs

[Gaccha]

I'm searching for a brokerage for Thai residents that gets access to the widest variety of American ETFs for a non-American & non-Thai, and that can be opened in Thailand. 

 

The list of ETFs available for each brokerages are only visible once you've already gone through the tedious registration and proof of ID and residence process. I've done this with a few in the past and I just can't find what I'm looking for. Obviously they have the big ETFs but other ETFs are more useful to me by their nuanced contrarian cycles etc.

 

Here are some of the amusingly themed ETFs I'd like to see on those lists: NANC, KRUZ (Democrat and Republican themes respectively!), BOIL, KOLD, YINN, YANG, YALL, MAGA, BUZZ, GURU, HACK, SARK, DRLL. I suspect the SARK is least likely to make any brokerage list.

 

I thought I had finally struck gold with 'WeBull Thailand' but they are still currently restricted to Thais only. But frustratingly, they didn't tell me this until I went through the whole process...

 

Could you quickly open your Apps of your brokerages and see if any of those ETFs pop up. If they do that indicates your brokerage has a fine selection of ETFs. Let me know please. Thanks!

[gamb00ler]

TRADR 2X SHORT INNOVAT DAILY ETF IV SARK: NASDAQ

AMPLIFY CYBERSECURITY ETF HACK: NYSE Arca

DIREXION DLY FTSE CHNA BUL 3X ETF YINN: NYSE Arca

GLOBAL X GURU INDEX ETF GURU: NYSE Arca

PROSHARES TR II ULTRA BLOOMBERG NATURAL GAS ETF BOIL: NYSE Arca

UNUSUAL WHALES SUB REPUB TRAD ETF KRUZ: Cboe BZX

 

I didn't check the rest.

 

I've had account at Schwab since '87 but as a US resident so I can't say if those are available to non-resident account holders.

 

PS... I'm chatting online with a Schwab rep right now

Schwab rep gave me this link:

https://international.schwab.com/investment-products

 

 

[Gaccha]

1 hour ago, gamb00ler said:

I didn't check the rest.

 

That is good. That's interesting as they claim to have merely 2000+ ETFs (WeBull claims 15,000+). 

 

They are available for Thai residents although I'm put off by the 25,000 dollar minimum. I prefer to test before I invest.

 

I wonder where the brokerage is itself legally based in the case of Thai resident applicants (the fact they mention the 25,000 amount in dollars suggests in the USA). If it's in a 1st tier finance place that's great, but having large sums in Thailand (3rd tier) is not ideal.

 

I prefer large amounts to be planted in Singapore or Hong Kong (the usual places for brokerages that target expats here).

 

Anyway, great info! 

[Foxx]

15 hours ago, Gaccha said:

I'm searching for a brokerage for Thai residents that gets access to the widest variety of American ETFs for a non-American & non-Thai, and that can be opened in Thailand. 

 

I'm left wondering why?

 

(1) Why opened in Thailand? Did you mean opened from Thailand? If so, then any of the large US brokers which accepts overseas clients would do the job.  My first choice would be Interactive Brokers.  I checked on two of the ETFs on the list, and it has them.

(2) Why would a non-US person invest in US domiciled assets when they would face death taxes on any amount above US$60,000?

[gargamon]

Schwab International does brokerage accounts for Thai residents, regardless of citizenship. Set one up 6 months ago as a Canadian. If I lived in Canada I would not have been able to set one up.

 

$25k minimum.

[Digitalbanana]

1 hour ago, Foxx said:

2) Why would a non-US person invest in US domiciled assets when they would face death taxes on any amount above US$60,000?

Owning US stocks directly through a brokerage account may not necessarily create a US estate tax liability. Generally, US estate tax applies to assets physically located in the US, and stocks are considered intangible assets that are not subject to estate tax based solely on the location of the issuing company.

[Foxx]

6 minutes ago, Digitalbanana said:

Generally, US estate tax applies to assets physically located in the US, and stocks are considered intangible assets that are not subject to estate tax based solely on the location of the issuing company.

 

Pretty sure that's wrong.  To quote KPMG

 

Quote

 

Non-US persons are subject to US estate tax on the value of their tangible and intangible assets located in the United States ... Intangible assets in this context most often refer to stocks in a United States corporation ... Ownership of these kinds of US assets triggers US estate taxes on the value of these assets, regardless of whether their owner resides in the USA or abroad.

 

https://kpmg.com/ch/en/insights/taxes/us-citizien-estate-tax-implications-non-us-residents.html#:~:text=Non-US persons are,the USA or abroad.

 

 

I recently was dealing with a lawyer who specialised in domicile matters and he advised me to avoid stock market investments in both the US and the UK since both these countries impose death taxes upon in situ assets such as equities registered in the respective countries.  The US tax threshold is very low US$ 60,000, and the UK one GBP 325,000.

[Yumthai]

9 hours ago, Foxx said:

(2) Why would a non-US person invest in US domiciled assets when they would face death taxes on any amount above US$60,000?

Maybe because US stock market has historically (and still) outperformed any other stock market over the long term.

Non-US persons can invest through a company (ex: cheap US LLC) to avoid estate tax.

[Foxx]

38 minutes ago, Yumthai said:

Maybe because US stock market has historically (and still) outperformed any other stock market over the long term.

 

Tosh.  The Australian market has outperformed the US markets over the last 120 years.

https://www.quantifiedstrategies.com/best-performing-stock-markets-in-the-world/

I presume you're an American who has American "exceptionalism" banged into their brains since birth.  Just ain't true.

[Yumthai]

36 minutes ago, Foxx said:

Tosh.  The Australian market has outperformed the US markets over the last 120 years.

https://www.quantifiedstrategies.com/best-performing-stock-markets-in-the-world/

I presume you're an American who has American "exceptionalism" banged into their brains since birth.  Just ain't true.

I'm not American.

It seems the Australian market has done slightly better than US, thanks I didn't know about that.

I'd personally rather invest into USD S&P500 or Nasdaq-100 ETFs, more liquid and internationally diversified.

 

[Foxx]

9 minutes ago, Yumthai said:

I'd personally rather invest into USD S&P500 or Nasdaq-100 ETFs, more liquid and internationally diversified.

 

S&P 500 only includes companies listed on American stock exchanges.  Nasdaq 100 is 95.3% US companies.  Not quite sure how you could consider either to be "internationally diversified".

[Yumthai]

8 minutes ago, Foxx said:

S&P 500 only includes companies listed on American stock exchanges.  Nasdaq 100 is 95.3% US companies.  Not quite sure how you could consider either to be "internationally diversified".

 

International exposure: "41% of revenue generated by S&P 500 companies comes from international markets."

 

https://www.tker.co/p/us-stock-market-international-exposure

 

 

 

[maesariang]

15 hours ago, Foxx said:

 

Tosh.  The Australian market has outperformed the US markets over the last 120 years.

https://www.quantifiedstrategies.com/best-performing-stock-markets-in-the-world/

I presume you're an American who has American "exceptionalism" banged into their brains since birth.  Just ain't true.

Who cares about 1900 to 2000 anymore?

[Hamus Yaigh]

15 hours ago, Foxx said:

Tosh.  The Australian market has outperformed the US markets over the last 120 years.

Tosh right back at ya! Liquidity is what drives markets and the Aussies are near the bottom of the ten most liquid markets in the world.

 

Here's a list of the top 10 stock markets by liquidity, based on data from the World Federation of Exchanges as of 2022:

1. United States (NYSE and Nasdaq)
2. Japan (Tokyo Stock Exchange)
3. China (Shanghai Stock Exchange and Shenzhen Stock Exchange)
4. United Kingdom (London Stock Exchange)
5. Hong Kong (Hong Kong Stock Exchange)
6. Canada (Toronto Stock Exchange)
7. India (National Stock Exchange of India)
8. Germany (Frankfurt Stock Exchange)
9. Australia (Australian Securities Exchange)
10. France (Euronext Paris)

[maesariang]

6 minutes ago, Hamus Yaigh said:

Tosh right back at ya! Liquidity is what drives markets and the Aussies are near the bottom of the ten most liquid markets in the world.

 

Here's a list of the top 10 stock markets by liquidity, based on data from the World Federation of Exchanges as of 2022:

1. United States (NYSE and Nasdaq)
2. Japan (Tokyo Stock Exchange)
3. China (Shanghai Stock Exchange and Shenzhen Stock Exchange)
4. United Kingdom (London Stock Exchange)
5. Hong Kong (Hong Kong Stock Exchange)
6. Canada (Toronto Stock Exchange)
7. India (National Stock Exchange of India)
8. Germany (Frankfurt Stock Exchange)
9. Australia (Australian Securities Exchange)
10. France (Euronext Paris)

Top 5US tech stocks are worth more than some entire stock markets.

[Foxx]

10 minutes ago, Hamus Yaigh said:

Liquidity is what drives markets

 

If that were true, the UK market would have performed far better than it has.  Since the start of the millennium the FTSE 100 is up about 25% - pretty much 1% per year.  And it's on a P/E ratio of 14.2.

[maesariang]

The Dow Jones is up 550% since gfc low

[Hamus Yaigh]

On 8/26/2024 at 11:41 AM, Foxx said:

If that were true, the UK market would have performed far better than it has. 

 

The UK market would have performed better if it had better performing companies. Prices go up or down in highly liquid markets.