Where to get your financial information
Introducing the annual research ideas publication for Bermuda individual investors — part one.
Readers of The Royal Gazette often write to me about Moneywise column topics and how my answers and resource links have helped them find answers to their finance questions. I am incredibly appreciative, and thank you all, every single one of you who has taken time from your busy lives to contact me.
These special comments are hugely motivating to me to provide as factually, and comprehensively as possible, more financial information relevant to Bermuda islanders’ lives.
We tend to forget that Bermuda itself, while outwardly appearing as a gorgeous, tropical, simple lifestyle jurisdiction in the middle of the North Atlantic Quadrangle, is as financially sophisticated as any other significantly larger-in-scale global financial centre.
Our geographical location and our polyglot of nationalities, citizenships, domiciles, family, cultures, and residency ties means that we have to be cognisant of the financial constraints, requirements, reporting, and regulations of not just our domestic regime, but also those countries closest to us that trade with us: US, United Kingdom, and Canada.
So, this week’s article lists some, but certainly not all inclusive, reference sources (and their links) that I use and that may be financially useful to you all. These websites are chock full of information, which will almost always require research and digging to find your personal answers. Note also, that I do not receive (or pay) compensation, from any agency or individual for these listings.
US, Canada, UK connected dual-triple citizens, investors and others
US Internal Revenue Service, International Section: https://tinyurl.com/yx8vczln
Canada Revenue Agency: Lists all contact information for individuals, international tax and non-resident inquiries, businesses, etc. https://tinyurl.com/yyz8xg33
Britain, Her Majesty’s Revenue and Customs: international tax manual lists non-resident landlords and/or NR trading in the UK, https://tinyurl.com/y3r99k2b
And living, retiring or returning from abroad, https://tinyurl.com/kkdam23
Needing additional assistance with cross-border expert professionals in legal, tax, planning
Bermuda, The Big Four auditing, tax, financial advisory and related services professionals:
Deloitte Bermuda: https://tinyurl.com/y45vvn9a
EY Bermuda: https://www.ey.com/bm/en/home
KPMG Bermuda: https://tinyurl.com/y2rfnhbz
PWC Bermuda: https://www.pwc.com/bm/en.html
International US tax specialist for US citizens and foreign persons investing in the US
Virginia LaTorre-Jeker, JD, a US attorney with more than 30 years experience in US/international tax law. Virginia’s blog (US-Tax.org) excerpts/white papers have been cited in the US Congressional Record. Her tax primer for US expats and foreigners is superb and free to download: https://tinyurl.com/y25uevs3
International Taxation for US expats, non-US persons and multinational families
Bob Baldwin, CPA/PFS, AEP, CGMA, Baldwin Associates. http://baldwincpa.com/ South Carolina.
John Richardson, Canadian attorney with US dual-citizenship, specialises in working with US citizens abroad, Canadians abroad and/or with US tax issues, and related matters, http://www.citizenshipsolutions.ca/
The Fry Group: moving overseas or moving back to the UK, tax, wealth and estate planning — wherever you are in the world. https://www.thefrygroup.co.uk/
Immigration and emigration
Bermuda. Government of Bermuda Department of Immigration: includes Bermudian status, work permits, naturalisation, employment, travel documents, land licence permissions, permanent residency, etc. https://tinyurl.com/yylermsw
US Citizenship and Immigration Services: https://www.uscis.gov/
Canadian Government Immigration and citizenship: https://tinyurl.com/yc4dq3r2
Investments: stocks, bonds, ETFs, mutual funds
The following websites and research groups are still free and quite comprehensive. Some sites are not included because, while very good, are no longer cost-effective for individual investors.
The Bermuda Stock Exchange: All publicly-traded domestic companies are listed on the Board. https://tinyurl.com/y49ehemy
Yahoo Finance, still my favourite, free, and the most comprehensive: watchlists, “My Portfolio”, screeners, markets, industries, videos, news, personal finance, tech covering stocks, bonds, mutual funds, ETFs, cryptocurrencies, commodities, trends, analysis and incredible amounts more https://finance.yahoo.com/
TDAmeritrade. Free, comprehensive, education, research sections, trading platforms, and more https://tinyurl.com/y563q6y2
Morningstar Research: daily news, articles, videos, rankings, stock screeners, mutual fund comparisons, etc. https://www.morningstar.com/
Yahoo Finance Canada: https://ca.finance.yahoo.com/
Morningstar Canada: https://tinyurl.com/d8ahy6a
Yahoo Finance UK: https://uk.finance.yahoo.com/
Morningstar UK: http://www.morningstar.co.uk/uk/
Investment research and very good reading, if you like lots of finance details!
Bloomberg News — a great favourite of mine, fully comprehensive, worldwide inclusive, and incredibly up-to-the-minute timely finance political, and all information!
The Street, Inc — I’ve followed this investment research and commentary website since its inception in 1996. Jim Cramer, star of CNBC’s Mad Money, wrote for them then, and continues to do so now. https://www.thestreet.com/
American Association of Individual Investors is a 40-year old membership organisation (with more than two million real individual members) that follows market trends, stock ideas, investing, events, and free reports.
A modest cost of $29 per year allows you to track their model portfolio, which has outpaced the market, and use their tools and resources: “My Portfolio”, asset allocation models, investor guides, investor classroom and review articles on getting started, investing, financial planning, stocks, funds/ETFs, and bonds. https://www.aaii.com/sentimentsurvey
AAII Investor Sentiment Survey is voted on by the individual members. The American Association of Individual Investors is famous for their weekly AAII Investor Sentiment Survey that has become a widely followed measure of the mood of individual investors.
The weekly survey results are published in a number of financial publications including Barron’s and Bloomberg and are widely followed by market strategists, investment newsletter writers and other financial professionals.
TDAmeritrade’s The Investor Movement Index is a fascinating, illuminating bit of monthly research on real individual investors and their investing sentiment demonstrated by tracking a randomised sample of their own stock market investing (see chart) above.
TDAmeritrade says: “Introducing an index with a pulse: The Investor Movement Index works by using data from one of the nation’s largest online investment communities, the IMX gives you a snapshot of investor sentiment. It does this by analysing and averaging the holdings/positions, trading activity, and other data from real portfolios held by real investors each month and boils it down to an index. You know where small investors think the market is going.
The Globe and Mail Global Adviser: https://www.theglobeandmail.com/investing/globe-advisor/
The Top 60 UK Investment Blogs And Websites for UK Investors in 2019: last updated April 18, 2019, https://blog.feedspot.com/uk_investment_blogs/
Have fun with these sites. Be motivated to start your future financial success plan now.
Part two: next week, I will cover other research components and resources of financial planning for individual financial success.
• Martha Harris Myron, CPA, CFP, JSM: Masters of Law — international tax and financial services. Dual citizen: Bermudian/US. Pondstraddler Life, financial perspectives for Bermuda islanders and their globally mobile connections on the Great Atlantic Pond. Personal finance columnist to The Royal Gazette. All proceeds earned from this column go to The Reading Clinic. Contact: firstname.lastname@example.org
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