[quote name="sexdrive9000" post="14706206" timestamp="1572955637"
Johann have you ever thought of reinvesting or investing your money into things here in the Philippines or completely AUS na lahat ng investments and ipon mo?
Gotta agree on networking/mlm. But gotta disagree on VUL, it does have value to it. Ang problem lang is na ooverpower ng drive to earn commissions ng isang insurance agent (I refuse to call most of them financial advisers since a lot don't know s@%t about finance) vs. actually teaching people on how to manage their finances and the available money making tools at their disposal.]
First reason why im not investing my money directly in Philippine assets is because thru my international ETFs, im already indirectly invested in Philippine companies e.g. SM Investment Corp, Ayala land, BDO, JG Summit,etc. (Total of 29 Philippine domicilled companies). I don't want Philippines to overweight my international (excluding U.S.) stock allocation since Philippines is such a tiny economy compared to other economies in the world e.g. Japan, Great Britain, France, Canada, China, etc.
Second reason is I'm not 100% sure if i want to retire in the Philippines. Since Australian passport ako, i have options to retire elsewhere like Portugal, Spain, Italy,France, etc. Or heck, i could go live in regional areas here in Australia or buy an RV and drive around Australia or buy a sailing boat and sail around, its not necessary for me live overseas. So the long and short of it is, i have tons of options and i'll decide where i want to retire later when im near retirement.
Third is the simplicity of my passive approach to investment of index fund true ETF. Its set and forget. Plus filing my taxes is super easy. It only takes minutes to prepare my tax especially automatically fill in sya sa online tax form. I also focus on australian tax law and so far im up to date. My mental load is lighter kasi my asset is domiciled in Australia lng and i only have to concern myself on Australian laws/rules. Magbago bago man ang batas sa Pinas, magpapalit palit man ng presidente/senador/congress, di ako affected. Happy life.
Edited by JohannBeckham, 07 November 2019 - 04:28 PM.