| View previous topic :: View next topic |
| Author |
Message |
RachaelRoo
Joined: 15 Jul 2005
Location: Anywhere but Ulsan!
|
 Posted: Mon Jun 26, 2006 5:37 am Post subject: Expat investing |
 |
|
For those of you who have saved enough to begin investing, how do you do it? Do you use an online offshore discount brokerage, or something in Korea?
I'm looking for a safe way to invest money on the main exchanges which will not somehow cause me to be hunted down by Canada Customs and Rev should I ever return to Canada. |
|
| Back to top |
|
 |
SuperFly
Joined: 09 Jul 2003
Location: In the doghouse
|
| Posted: Mon Jun 26, 2006 5:43 am Post subject: |
|
|
You should consider investing in my University stands.
Outside every university in Korea....a Cuban sandmich stand making samiches to go for the hungry university students. We'll have adjumas running the stands, pay them 9 bucks an hour...
We'll make millions!
Trust me! |
|
| Back to top |
|
|
Juregen
Joined: 30 May 2006
|
| Posted: Mon Jun 26, 2006 5:48 am Post subject: |
|
|
| SuperFly wrote: |
You should consider investing in my University stands.
Outside every university in Korea....a Cuban sandmich stand making samiches to go for the hungry university students. We'll have adjumas running the stands, pay them 9 bucks an hour...
We'll make millions!
Trust me! |
What would be the inital capital required?
Have you made the business plan?
Have you screened the Adjumas?
What type of sandwiches will you provide?
What about the Logisitcs? |
|
| Back to top |
|
|
SuperFly
Joined: 09 Jul 2003
Location: In the doghouse
|
| Posted: Mon Jun 26, 2006 5:55 am Post subject: |
|
|
None of the above, but let me tell you what I experienced just outside of Kyung Hee university about a year ago.
Wife and I walking home from the university...we spy a loooong line of students waiting in line at a store w/open face front. Adjuma making something similar to a cuban (hot plate and all) and I was amazed....now if that had been a real Cuban samwch...oh mama mia!
The line woulda been much longer.  |
|
| Back to top |
|
|
Juregen
Joined: 30 May 2006
|
| Posted: Mon Jun 26, 2006 6:09 am Post subject: |
|
|
Well,
I have the same idea about starting a Belgian french fry place. Myself as a chef. Now that would be a gimmick.
Investment required, almost nill  |
|
| Back to top |
|
|
SuperFly
Joined: 09 Jul 2003
Location: In the doghouse
|
| Posted: Mon Jun 26, 2006 6:12 am Post subject: |
|
|
I don't want/mean to hijack this thread...
My God, now I'm dying to eat Belgian Fries... |
|
| Back to top |
|
|
Juregen
Joined: 30 May 2006
|
| Posted: Mon Jun 26, 2006 6:13 am Post subject: |
|
|
| SuperFly wrote: |
I don't want/mean to hijack this thread...
My God, now I'm dying to eat Belgian Fries... |
Neither do i
And yes me too |
|
| Back to top |
|
|
JZer
Joined: 13 Jan 2005
Location: South Korea
|
| Posted: Mon Jun 26, 2006 6:36 am Post subject: |
|
|
| Quote: |
| pay them 9 bucks an hour... |
I see you have not worked out the business plan. I don't know anyone in Korea that pays $9 an hour for unskilled labor. The rate is about 3000 Won an hour. |
|
| Back to top |
|
|
Juregen
Joined: 30 May 2006
|
| Posted: Mon Jun 26, 2006 6:38 am Post subject: |
|
|
| JZer wrote: |
| Quote: |
| pay them 9 bucks an hour... |
I see you have not worked out the business plan. I don't know anyone in Korea that pays $9 an hour for unskilled labor. The rate is about 3000 Won an hour. |
Are you kidding me?
I thought it was at least 5.000? |
|
| Back to top |
|
|
SuperFly
Joined: 09 Jul 2003
Location: In the doghouse
|
| Posted: Mon Jun 26, 2006 8:44 am Post subject: |
|
|
| HEY, FOR 9G'S AN HOUR THOSE ADJUMMAS WILL BE DOING Afro-Cuban Salsa dances. |
|
| Back to top |
|
|
Keepongoing
Joined: 13 Feb 2003
Location: Korea
|
| Posted: Mon Jun 26, 2006 12:51 pm Post subject: hi |
|
|
| i guy online stocks throgh Tradz on the net..it charges about 7US a transaction. |
|
| Back to top |
|
|
kingplaya4
Joined: 14 May 2006
|
| Posted: Mon Jun 26, 2006 1:13 pm Post subject: |
|
|
| Apparently Dave's isn't the place for serious investment advice........ |
|
| Back to top |
|
|
cubanlord
Joined: 08 Jul 2005
Location: In Japan!
|
| Posted: Mon Jun 26, 2006 1:36 pm Post subject: Re: Expat investing |
|
|
| RachaelRoo wrote: |
For those of you who have saved enough to begin investing, how do you do it? Do you use an online offshore discount brokerage, or something in Korea?
I'm looking for a safe way to invest money on the main exchanges which will not somehow cause me to be hunted down by Canada Customs and Rev should I ever return to Canada. |
Hi Ms. Roo,
It's ironic that you start this thread a day after my wife and I spend a few hours, in good conversation, discussing investments. By Sept. 2007, we plan on buying our first home in Florida. We'll still be in Korea; we'll rent it out. Every year there after, we plan on purchasing another home, duplex, or condo using the equity built on the original investment (kind of like a domino effect). This way, upon returning home, we have something to sustain us.
What I am trying to say is, if you are interested in investing money back home (albeit your home in in The States or Canada), your best bet would be real-estate. There is nothing like having your money work for you! Passive income...ahhhhhhh...there's nothing like it. |
|
| Back to top |
|
|
zappadelta
Joined: 31 Aug 2004
|
| Posted: Mon Jun 26, 2006 3:01 pm Post subject: Re: Expat investing |
|
|
| cubanlord wrote: |
| RachaelRoo wrote: |
For those of you who have saved enough to begin investing, how do you do it? Do you use an online offshore discount brokerage, or something in Korea?
I'm looking for a safe way to invest money on the main exchanges which will not somehow cause me to be hunted down by Canada Customs and Rev should I ever return to Canada. |
Hi Ms. Roo,
It's ironic that you start this thread a day after my wife and I spend a few hours, in good conversation, discussing investments. By Sept. 2007, we plan on buying our first home in Florida. We'll still be in Korea; we'll rent it out. Every year there after, we plan on purchasing another home, duplex, or condo using the equity built on the original investment (kind of like a domino effect). This way, upon returning home, we have something to sustain us.
What I am trying to say is, if you are interested in investing money back home (albeit your home in in The States or Canada), your best bet would be real-estate. There is nothing like having your money work for you! Passive income...ahhhhhhh...there's nothing like it. |
Then, you will be a true cubanlord. |
|
| Back to top |
|
|
Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
|
| Posted: Mon Jun 26, 2006 3:08 pm Post subject: |
|
|
| kingplaya4 wrote: |
| Apparently Dave's isn't the place for serious investment advice........ |
That is the funniest thing I've read here. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
