Trump Era 2025-2029 : Stock and Economic Comment

[divs4ever]

Australia and Canada have done this for years. Ours is $5 million.
I think Canada may have got rid of it recently. Trump probably got the idea off us. Funny its the same amount.

https://passports.io/programs/AU3

The UK is now looking to copy our superannuation system. We aren't too bad despite all the knockers.

no the South Americans were doing it decades ago straight after WW2 , if you had a big enough brief-case of money/gold ... 'welcome to our country' ( no matter what your nationality )

HAH the UK will mess up the superannuation just like our government is doing to ours now , it is a pot of money and the pollies will want it all later

all i can say is ... UK , BEWARE !

 

[Knobby22]

But there is so much bureaucracy and bull**** attached to our scheme that most of the rich people don't want to deal with the headaches. I assume the Trump version will be fairly streamlined and straight forward.

Probably just pay Trump direct!

 

[Ferret]

I think Trump's newly announced Gold Card visa program is a fantastic idea. I have been saying for years this is the type of immigration that countries like USA (and Australia need). You want people coming into the country who can invest millions rather than Indians coming to work at 7/11.

I'm not convinced.

They bring capital into the country but does this get invested into productive ventures or just push up house prices?

 

[TimeISmoney]

no the South Americans were doing it decades ago straight after WW2 , if you had a big enough brief-case of money/gold ... 'welcome to our country' ( no matter what your nationality )

They also do it in Australia, a guy I worked with came here for a holiday with his family in tow, applied for citizenship and got it because he cashed in his super as well as selling his house overseas, the conversion rate meant he got a stack of Aussie dollars and had enough money for 2 houses. The worst thing was he was only a labourer, had zero qualifications for anything.

 

[divs4ever]

They also do it in Australia, a guy I worked with came here for a holiday with his family in tow, applied for citizenship and got it because he cashed in his super as well as selling his house overseas, the conversion rate meant he got a stack of Aussie dollars and had enough money for 2 houses. The worst thing was he was only a labourer, had zero qualifications for anything.

in other words a financial genius , turned one house in an unattractive country into two houses in a better country ( AND didn't take ten years to do it ) , a bit of luck on the share market and he has replaced his super as well ( and outside the super pillaging system ) and no HECS debt

sounds like my Yugoslav uncle ( when he was alive ) in NZ saved and saved and started a little diner/fish-shop .. soon had 2 , 5 bedroom houses each on 10 acres of prime land and bought a new imported car every two years ( usually a new mid-range Jaguar ) and still don't know how he did it

 

[farmerge]

in other words a financial genius , turned one house in an unattractive country into two houses in a better country ( AND didn't take ten years to do it ) , a bit of luck on the share market and he has replaced his super as well ( and outside the super pillaging system ) and no HECS debt

sounds like my Yugoslav uncle ( when he was alive ) in NZ saved and saved and started a little diner/fish-shop .. soon had 2 , 5 bedroom houses each on 10 acres of prime land and bought a new imported car every two years ( usually a new mid-range Jaguar ) and still don't know how he did it

@divs4ever Ah that little diner/fish shop what a cash cow that must have been.
Akin to the local butcher's shop with Saturday's takings.
Never saw the light of day.
A bloke I used to work for had a piggery, all the pigs sold at the gate were cash, amazing just how many died on the farm when it came to an animal audit.