hey pinkcat,
saw your name pop on some posts around investing & crypto and strats to generate passive income. I'm in the same boat - have a portfolio mainly invested in crypto blue chips and generates yields on staked eth and stable lending. Similar to you, on the lookout to diversify and...
You're still missing the point I brought.
BTC goes to 100k, you borrow 90k; it drops to 80k, you secure 90k and that's it. If BTC shoots the next day to 150, 200K, you're on sidelines. Your strategy just assumes there are no major swings in the market.
Not sure I get the reasoning behind this? If BTC goes all the way up to 100k, you take out a loan at 90k USD. BTC drops by 10% and you're liquidated and you risk losing on the upside if BTC shoots above by 100k. Huge market swings will wipe you out and +20/-20% moves are not unheard of in crypto
I plan to open Singapore company for offshore taxation purposes with following sturcture:
Owners (two foreigners, non-US citizens, not living is Singapore)
Director (local resident as a service)
Company will have 100% operation/revenue outside of Singapore, including revenue from US customers...
I have a question regarding my situation - I travel a lot but ultimately based in the US. I recently incorporated my startup which I'm the shareholder (70% ownership). Now, some of the work I offer through my startup is consulting services and some of my clients are US clients. All my invoices...
hey @slink, I have recently incorporated my company in Singapore while residing abroad and currently talking with OCBC and DBS. The process is longer than if you were in Singapore but it's still possible to do it. I'm looking to open a personal wealth account and wanted to ask you how you did it?
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