- Groww
- Interactive Brokers
- Vested
- many others
You may like to read reviews online before opening an account with any provider.
How to invest in US stocks?
• Online Brokers
• Taxation
• Yearly Limits
• Online research sites for US stocks
A thread 🧵. Please retweet for maximum reach.
- Groww
- Interactive Brokers
- Vested
- many others
You may like to read reviews online before opening an account with any provider.
As Indian resident, RBI’s Liberalized Remittance Scheme lets you remit upto $250,000 per year, per person. Above that, permission from RBI is required.
- US doesn't tax capital gains for us. However, tax applicable in India.
LTCG:- applicable if held above 24 months. Taxed @20% with indexation benefit
STCG:- if held for less than 24 months, Taxed at your income tax slab rate
- Dividends taxed at flat 25% in US
- Also taxable at your income tax slab rate in India
- As per Double Tax Avoidance Agreement, tax withheld in US offsets tax liability in India
So tax to you is 25% or your tax rate, which ever is higher
5% Tax is collected at source for remittance over Rs 7 lakhs. This can be claimed as refund in ITR
For less than Rs 7 Lakh per year, no tax deducted at source
- By investing in MFs/ETFs listed in India
- No overseas account required.
- No amount limit
- Expense ratio and costs could be higher
MFs:-
-- Franklin US Opportunities fund
--Nippon India US Equity Opportunities Fund
--Many others
ETFs:-
--MON100 for Nasdaq exposure
--Motilal Oswal S&P 500 Index Fund
--Mirae Asset NYSE FANG+ ETF (NSE:MAFANG)
LTCG:- applicable if held above 36 months. Taxed @20% with indexation benefit
STCG:- if held for less than 36 months, Taxed at ur income tax slab rate
-Foreign exchange risk (If INR appreciates, you incur loss)
-Capital control risks - The country could impose controls and prevent taking money out (eg Rus)
• SeekingAlpha- for news
• https://t.co/RpzEnS0DCf - for Charts, news
• Tikr- for financials
• Stockrover - for screener, research
• Dataroma - for superinvestor portfolios
• OpenInsider - for insider transactions
I write on wisdom, decision making, finance, deep tech etc. For more on these, follow me @divyamittal_IAS. https://t.co/iK9r4EeAeF
How to invest in US stocks?
— Divya Mittal (@divyamittal_IAS) September 6, 2022
\u2022 Online Brokers
\u2022 Taxation
\u2022 Yearly Limits
\u2022 Online research sites for US stocks
A thread \U0001f9f5. Please retweet for maximum reach.
More from Divya Mittal
I am an IAS officer and a mother of 2 daughters. But apart from these 2 responsibilities, I write on twitter, have published newspaper articles, follow world economics, code for ML etc.
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1. Print Friendly - The Chrome extension that blew my mind away.
👉 Optimizes webpages to save in pdf format
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If you don't thank me for this, I will be surprised!!
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👉 Edit photos, pdf files and convert formats etc.
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Dictate your emails and documents in Google Chrome in English, Hindi, Marathi, Gujarati etc. Made in India!
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4. Google Keep - To do list tool
👉Make To-do lists and tick them
👉Speak a voice memo on the go and have it automatically transcribed.
👉Grab pics/ documents and easily organize or find it later in search.
👉Easily share with anyone
10 amazing productivity enhancement tools I use:
1. Print Friendly - The Chrome extension that blew my mind away.
👉 Optimizes webpages to save in pdf format
👉 Removes Junk
👉 Editable preview so you can delete what you don't need
If you don't thank me for this, I will be surprised!!
2. Tiny Wow
👉 Edit photos, pdf files and convert formats etc.
👉 It offers multipe tools to process PDF: edit, split, merge, compress, and much more.
👉 100% free. No hourly limits. No restrictions.
3. Dictation. io
Dictate your emails and documents in Google Chrome in English, Hindi, Marathi, Gujarati etc. Made in India!
No need to type anything! Just speak and you are done!! Saves lot of time.
https://t.co/AVlHj83mGy
4. Google Keep - To do list tool
👉Make To-do lists and tick them
👉Speak a voice memo on the go and have it automatically transcribed.
👉Grab pics/ documents and easily organize or find it later in search.
👉Easily share with anyone
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I just finished Eric Adler's The Battle of the Classics, and wanted to say something about Joel Christiansen's review linked below. I am not sure what motivates the review (I speculate a bit below), but it gives a very misleading impression of the book. 1/x
The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x
Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x
The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x
It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
As someone\u2019s who\u2019s read the book, this review strikes me as tremendously unfair. It mostly faults Adler for not writing the book the reviewer wishes he had! https://t.co/pqpt5Ziivj
— Teresa M. Bejan (@tmbejan) January 12, 2021
The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x
Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x
The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x
It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
