Advice For An Inexperienced American

[staccyy]

Hoping someone can help me with a few questions.

I’m an American living in Thailand. US Tax status : non-resident. Self employed- pay my taxes (from investments) yearly.

I just sold some property in SE Asia (not Thailand)

And will be getting paid in Euros.

My dilemma is what to do with the money.

Its about 2.5 million baht.

I’ve gotten the money initially over here (ASIA) ; paid regular tax on it and not sure if I want it to go back in the US?

Right now the Thai baht is too strong to bring here- another option is to bring it back to the USA and put back in my Fidelity account.

I suspect I will use some (like about 25%) of the money here in Thailand on some property, but I would like the securtity of it in a bank.

What about the option of an offshore account? Are the interest rates good? Can I invest in stocks/bonds like I hold in the USA? What are the implications that I’m American?

Sorry I’m very naive about this stuff hoping some one can give me some ideas.

It seems to me with the Thai banking rules, I really don’t want to bring it here. If I hold it offshore, how would I bring it back on shore if I wanted to? Can I say it was a gift or loan? Does uncle Sam even check?

A friend swears by his ANZ (kiwi) overseas account. Any thoughts about New Zealand?

Thank you! STACCY

[buddhafly]

i'd love to know about offshore. even the basics. so i'm bumping this back to the top!

[fosco]

Check out the history

Try  "Nugan Hand" on GOOGLE

Yrs

Innocent

[chinthee]

Check out the history

Try "Nugan Hand" on GOOGLE

Yrs

Innocent

So, are you Michael Hand after all these years?