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Maybe but there is no more passive and less risky solution if you only live from your investments and need a regular income stream, unless ofc you just need to sell <1% net of tax of your low-volatile assets yearly to live comfortably.

These are 2 different approaches. With trading you try to time the market which involves more active management and random profits/losses when selling at inappropriate time. Borrowing against your assets has a cost and risky unless it's a tiny %. With dividends you just harvest passively...

If you're concerned about NAV erosion have you considered Roundhill XDTE/QDTE? Yields are not bad and total returns with dividends reinvested both overperform their underlying. https://totalrealreturns.com/n/SPY,XDTE,QDTE,QQQ

I'm no expert but YieldMax funds do not invest directly in the underlying and use options strategies. The main issue with synthetic replication is that the returns depend on the counterparty being able to honour its commitment. This carries a risk that physically replicated ETFs don't have...

Do you have first-hand experience? In theory you're right but I'm not sure stock brokers do not withhold US tax on YieldMax ETFs distributions if you are US nonresident alien.

Unless you are a US person you need to take into account US dividend withholding tax depending on your tax residence that will be deducted from each distribution, hence mitigating the DRIP compounding effect and not being able to avoid long term NAV erosion. IMO rather invest in income ETFs...

CeFi vs DeFi risks differ. At this point of time I don't see one much safer than the other. Personally, I'd feel safer letting 6+ figures on a top CeFi regulated legacy platform than any DeFi protocol.

You should have ignored that request until they firmly threat you with account closure and deadline, which would maybe never have happened. Too late.

Surprising that Singaporean banks report non-resident accounts to random jurisdictions. They should report to the country tax residence address provided at account opening, or do you have any different proper information?

France is one of the most (if not the most) taxed country in the world. I don't think the French elite and HNWI diaspora who have structured themselves not to be FR tax resident will let this tax on passport happening, or if bringing new legal tax loopholes. Being part of EU involves a coherent...

This amendment has not been approved.

IBKR branch where the account is held is not necessarily the US branch, it depends on your residence address. Cash in non US brokerage accounts is seemingly considered non US situs asset.

Pattaya Soi 6, good practitioners there will help you relax.

CRS requires financial institutions to gather all current tax residences of their customers. As a bank customer you may choose not to comply with bank policy, with consequences.

This. When people talk about investment they almost never consider life expectancy or rather healthy life expectancy, although that's a key criteria. https://www.who.int/data/gho/data/t...e-life-expectancy-and-healthy-life-expectancy Money does not make you immortal (yet).

I didn't figure out you were that young.

Agreed. OP even may be able to open remotely with UOB SG, Standard Chartered SG/HK, CIMB SG/KH (Cambodia USD account), Maybank SG/KH as these banks have branches in Bangkok that could meet you in person and endorse your supporting documentation.

I read a contradiction here smi(&%

Managing real estate is not passive. Trading any asset at any time frame is certainly not truly passive, and add more risk. To get true passive income you need to invest in assets that regularly generate sustainable cash and grow at or more than the inflation rate. There are assets that grow...

Agreed for growth with BTC, not for Gold as it has not performed better long term compared to S&P 500. But if you want true passive income you need sustainable yield, not trying to time the market selling your assets (sequence of returns risk). An option could be investing in a Bitcoin Covered...