Your Financial Life in Hong Kong, Part 1: Housing and Schooling

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This is part 1 in my 8-part guide to your financial life in Hong Kong. It is mostly intended for foreigners living in or moving to Hong Kong looking to better understand “the system” and better manage their money both in and outside of Hong Kong. Let me know if you have any questions. One […]

The simplest retirement calculation in the world (that actually works)

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Financial websites contain scores¬†of “retirement calculators” which allow you to input a variety of assumptions and calculate when you may be able to live off your savings without working again, depending on how much you save, how much income you need in retirement, and of course what the rate of return on your investments is. […]

The math behind why I buy term life insurance and almost never buy whole life insurance

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The below calculations are for illustration and discussion purposes only and are not an endorsement of any insurance broker, agent, website, or policy issuer, and nothing here should be taken as any personalised recommendation to buy or not buy any insurance policy. ¬†Please contact us through the form below for an independent second opinion specific […]

Experiences looking for the "Best Bank in Hong Kong"

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I’ve been asked several times whether there is an equivalent of ING Direct in Hong Kong, as there is in Australia¬†and Spain and used to be in the US and UK before ING sold those businesses to CapitalOne and Barclays, respectively. ¬†For whatever reason, I have yet to see an purely online bank take off […]

How high-earning expats save US$2,000/year through an IRA deduction many US residents can't take

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High-earning US citizens and green card holders living and working in low-tax jurisdictions like Hong Kong or Singapore often send substantial US tax payments back to the US, often annually or quarterly. ¬†While Americans living and working outside the United States can benefit from the foreign earned income exclusion, foreign housing exclusion, and foreign tax […]

Financial Planning Service Package

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GFM Asset Management runs discretionary, separately managed portfolios of stocks, bonds, and currencies for individual clients, as well as providing comprehensive financial planning. ¬†Our¬†specialty is financial planning and portfolio¬†management for families whose financial lives span multiple countries. Our most popular¬†financial planning package includes the following services with¬†an IFPHK CERTIFIED FINANCIAL PLANNERCM Professional: Review of your […]

How Your Financial Advisor Gets Paid: One of the Most Important Questions to Ask

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Early in my Wall Street career (but not in business school nor my pre B-school career, somehow) I learned one of the most important lessons I ever learned in business: if you want to understand why different professionals do what they do and don’t bother doing other things you might want them to do, look […]