I’m 34 years old and have recently moved to Switzerland from Australia to start a new chapter in life. Back in Australia, I owned a successful construction business, but now I’m venturing into full-time trading and investing. It’s a big shift, and one of the challenges I foresee is transitioning from trading primarily in the Aussie market to navigating both European and US markets. The time difference makes it hard to stick with just ASX stocks.
My previous focus was on the mining and resources sector, but I understand that my strategies will need to adapt. I’d love to hear from you about whether you mostly trade US or European stocks. If you’re into European markets, what industries do you focus on? I’m pretty green when it comes to European stocks, so any insights would be much appreciated!
Thanks in advance, and I’m happy to be here! Maybe I’ll catch some of you for a beer one day.
I mostly invest in US and Canadian (and some GB) companies and stick with an index for the the rest of the world.
I just recently started looking again at European stocks (outside Switzerland) but felt discouraged as it’s often a PITA to get taxes on dividends back even if there are tax treaties between those countries and Switzerland.
Interesting. I did for a time like to buy ASX stocks, but had to stop as the time difference was bad for my lifestyle (checking stocks immediately on waking up and sometimes staying up late). I reluctantly sold stocks I knew would make me money to improve my sleep!
Looking to do the same especially considering TSX seems fairly similar to ASX with minicaps/resources.
I had a lot of connections in the ASX so feels like I am starting from scratch but as @PhilMongoose mentioned, it’s not worth the lifestyle challenges. Currently I am waking up at 2am which is ridiculous.
BTW, if you want to share the (stock) picks you’ll make on TSX, we have a stockpicking topic where people will occasionally share their picks.*
I for one would be particularly interested in your minicaps/resources – I just can’t wrap my head around how to pick those with the approach I’m pursuing.
* Pro-tip: use mine as a contrarian signal not to buy.
One advantage of UK shares is that the dividends are 0% witholding tax hence no need to reclaim anything.
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