Global Investing AMA with Akshat Shrivastava! πŸ‘‡πŸ½

Global Investing AMA with Akshat Shrivastava :confetti_ball::confetti_ball::confetti_ball:

Register here - Vested x Akshat Shrivastava - Global Investing AMA - Zoom

Who is Akshat Shrivastava?
Akshat is a passionate teacher, with a growing YouTube and LinkedIn community of 500K+ & 150K+ followers across YouTube & LinkedIn respectively. His content is educational & insightful, and has impacted hundreds of thousands of viewers online. He is a regular speaker at elite institutions like Wharton, Stanford, University of Leeds, Berkeley, ISB, SRCC, NUS etc.

What is the event about?
This event is hosted by Vested. Vested enables international investing for Indians & NRIs. In this event, Akshat will answer questions about:

  • Why investing abroad makes sense (especially) for investors in the first 5 years of their investing journeys, and will throw light on concepts like compounding, rupee depreciation, education & travel goals for the future.
  • How a young/beginner investor should think about their US investing strategy, and which stocks should they look at, which ETFs, and also Vests they could explore.

Ask your questions in advance, and we’ll make sure they are answered. Drop them in this thread!

Register here - Vested x Akshat Shrivastava - Global Investing AMA - Zoom

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One question from my end - ETFs or stocks. How do you think a new US investor from India should get started?

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When it comes to investment, I know many conduct extensive research on the companies in which one is investing/interested, but do you (Akshat) have a checklist that you use before investing in a company?

(Some excellent investors, such as Mohnish Pabrai, Guy Spier, and Bull Ackman, employ checklists before investing.)

Thanks for having this! Excited!

Should one continue to invest in individual firms if one knew one would underperform the market by 200 basis points every year? Or would you rather index everything and then forget about it?

What recommendations would you provide to elderly investors who are getting a late start or who are going back into investing after not being all in when they were younger?

What are the top three qualities you seek in a company?

To what degree do you believe it is vital for the ordinary retail investor to study financial statements (P&L, balance sheet)?

What is your investing goal? And what will you do once you’ve achieved your goal?

What are your thoughts about the next 10 years, where will be get better returns in india or in US, keeping in mind that INR keeps depreciating every year.

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Hi, I like to know tax complexities of investing in US stocks for new investors from India. How do we need to compute of profit and loses in IT return for US stock, and how to calculate dividend earned. If you can provide some guidelines regarding tax calculation, that will be great.
Thanks
-Nilanjan

Hey Nilanjan, welcome to the Vested Community!

For taxation, you might find these videos helpful -

You can also take a look at this thread.

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How do you deal with nominations for US investing? Isn’t there a huge inheritance / estate tax under US laws especially / even for non residents?

Basically if i have $100,000 invested in say a Vanguard MF or ETF and if something happens to me, will my dependants get all $100,000?

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How do you factor in the long term stability of startup platforms in your investing descisions? If i intend to buy and hold a Vanguard for 30 years till retirement, that’s much longer than the lifetime of an average startup these days.

Of course, the underlying investment may still be safe and insured etc but won’t there be a lot of hassle managing it if your investing startup or Drivewealth etc. goes bust?

Other than US investing can you comment on other global investing markets? Eg Singapore or Swissquote or Irish domiciled ETFs?

Is there an advantage from the point of view of taxation or estate taxes?

I second this question.

  1. Can an NR / RNOR Indian buy US stock from an overseas bank account (US bank multi-currency A/C)
  2. If the above is true does the individual need to declare foriegn asset (US stock) in ITR
  3. If point 1 is true what are the tax implications in India on selling the stocks, is it treated as income or just a bank transfer when converting from USD to INR via NRE or NRO accounts in India.
  4. In the above case if treated as income from other sources, does STCG and LTCG applicable and what percentages?

Have been big fan of your YT videos. What surprises me is the level of honesty and candidness that you have in sharing your own investment details to the point even revealing the amounts and live screen too. Dont see that among other Youtubers. Kudos for that.

Arent you worried about privacy or someone copying your ideas?

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What is the preferable investment ? Individual stocks or ETFs for a limited capital and average understanding of the US market

Can you explain about Vanguard ETFs & which ones to choose for long term investment?