+- MacResource (https://forums.macresource.com)
+-- Forum: My Category (https://forums.macresource.com/forumdisplay.php?fid=1)
+--- Forum: Tips and Deals (https://forums.macresource.com/forumdisplay.php?fid=3)
+--- Thread: International equivalents to Fidelity Investments? (/showthread.php?tid=295085)
International equivalents to Fidelity Investments? - pdq - 03-18-2025
Fidelity has held my investments/retirement for ~25 years, and I’ve got no complaints.
That said, does anyone know of a non-US company (ie one based outside the US) equivalent?
Nothing nefarious going on - not looking for a secret Swiss or Bahamian account or anything.
Just want to consider my options, given current political conditions.
PS- Also not looking to start anything political. Just looking for info.
Re: International equivalents to Fidelity Investments? - Acer - 03-18-2025
What is your concern? That Fidelity as a company (or by extension the other big US-based investment houses) might not be who you want holding your money, or that you are looking for different choices of funds to invest in?
Re: International equivalents to Fidelity Investments? - Todd's keyboard - 03-18-2025
Have you tried fidelity.ca? Or vanguard.ca?
My understanding is that both of these are Canadian companies that are independent of their US counterparts.
A friend just asked me how he could invest in Canada. He related that his US-based Vanguard rep told him that he could not open a Canadian Vanguard account from the US Vanguard. My friend's plan is to physically travel to Canada to open an account with a Canadian bank, transfer US funds into that bank, and begin his international investments that way.
Todd's bi-polar-bear-market keyboard
Re: International equivalents to Fidelity Investments? - RAMd®d - 03-18-2025
What is your concern?
My concern would be the possible tanking economy tanking my 401K.
I have no idea how to protect it.
If one withdraws it from all US financial businesses and stuffs in under their pillow, no taxes, right?
Could one do the same in a Cayman Islands account, earn no interest, and not declare it, or declare it and not pay taxes, and be legal?
Re: International equivalents to Fidelity Investments? - Forrest - 03-18-2025
Fidelity operates worldwide AFAIK.
If you’re worried about US Stock values dropping, you may want to invest some in international stock index funds such as FSPSX and FSGGX
Re: International equivalents to Fidelity Investments? - Michael - 03-18-2025
RAMd®d wrote:
If one withdraws it from all US financial businesses and stuffs in under their pillow, no taxes, right?
Could one do the same in a Cayman Islands account, earn no interest, and not declare it, or declare it and not pay taxes, and be legal?
You can certainly open an account that pays no interest but you can't just not report the account legally. You'd need to file a FBAR with the IRS if you have more than $10k in total in other countries. That stands for Foreign Bank and Financial Accounts.
https://www.irs.gov/newsroom/how-to-report-foreign-bank-and-financial-accounts
Re: International equivalents to Fidelity Investments? - pdq - 03-18-2025
No. I forsaw current circumstances and previously adjusted my portfolio as best I could. My concern is whether some current national official or his representatives could, for instance, freeze accounts.
Again, I’ve done nothing nefarious, nor do I plan to. Not trying to dodge taxes. You may think my concern is far-fetched, but most of the resources of my wife and I are in Fidelity, and I would honestly feel more at ease if they were out of the country at this point.
I’ll check out Fidelity.ca. Thx.
Re: International equivalents to Fidelity Investments? - RAMd®d - 03-18-2025
You can certainly open an account that pays no interest but you can't just not report the account legally.
Thank you for that information!
Re: International equivalents to Fidelity Investments? - Black - 03-18-2025
pdq wrote:No. But I can't think of a better way to prepare than investing as much as you can in something with value not tied to any currency.
You may think my concern is far-fetched