Hi all, I posted a few days ago but I wanted to make a follow up post,
I will be an expat in Japan in 2 months (moving from U.S.). I have American Permanent Residency and Japanese citizenship. I have a re-entry permit, so I can stay in Japan for up to 2 years, but after that I may lose my American green card (though I have read online that as long as you pay a sizable amount of taxes to the U.S. and be an “asset” to them this is not the case)
I currently go through a brokerage in the U.S., one with E\*TRADE and one with SoFi. However I am thinking about switching over trading platforms to something that is better suited to be used in Japan. I want to have access to the U.S. stock market and be able to hold onto the current stocks I own, without being told to liquidate my position due to them finding out I live overseas.
***Here are some of the things I am looking to do through the brokerage:***
\-continue to hold U.S. stocks that I currently own.
\-buy more U.S. stocks
***Would be nice but not necessary:***
\-buy options on U.S. stocks
\-enter long and short positions on U.S. and Japanese stocks
***And here are some brokerages I read online could potentially be of interest to me:***
\-Schwab (make an account before moving to Japan and continue to use through parent’s U.S. mailing address)
\-IBKR (interactive brokers)
***And here are some less popular but also maybe just as good options for brokerages:***
\-Tradestation
\-Mexem
\-Firsttrade
\-Captrader
\-Tradezero international
If anyone here has any other suggestions or insightful comments about my situation, please chime in!! Sorry I know I have been posting a lot on here lately, I am pretty new to all of this and I realized I need some advice, and thankfully this community has been extremely understanding and helpful. Thank you all for your time!!
by swfsps