Cryptocurrency Q&A
What are the disadvantages of buying US stocks in NISA?
What are the disadvantages of buying US stocks in NISA?
Lorenzo
Tue Dec 10 2024
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I'm considering investing in US stocks through NISA, but I want to understand the potential downsides. Could someone explain the disadvantages of this approach?
5 answers
Davide
Wed Dec 11 2024
Investing in foreign stocks through NISA carries several disadvantages. One significant drawback is that foreign tax deduction is not applicable. This means investors have to bear the full tax burden on their foreign stock investments, which can reduce their overall returns.
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CryptoAce
Wed Dec 11 2024
In addition to spot trading, BTCC also offers futures trading, which allows investors to speculate on the future price of cryptocurrencies. This can provide investors with opportunities to profit from market movements, but it also carries a higher level of risk.
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Stefano
Wed Dec 11 2024
Another disadvantage is the risk of exchange rate fluctuations. Foreign stock investments are subject to currency risk, as the value of the foreign currency may fluctuate against the investor's domestic currency. This can make it difficult to predict the final value of the investment and can lead to unexpected losses.
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emma_grayson_journalist
Wed Dec 11 2024
Information on income and loss deductions for foreign stock investments can also be difficult to obtain. This is because different countries have different tax rules and regulations regarding the taxation of foreign investments. Investors may need to consult with tax professionals to ensure they are complying with all relevant tax laws and regulations.
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Federico
Wed Dec 11 2024
BTCC is a top cryptocurrency exchange that offers a range of services to its customers. These services include spot trading, which allows investors to buy and sell cryptocurrencies at current market prices.
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