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it's literally easier to move your money overseas to an international broker than to try to operate here, which is what people with enough money do. we tried t
by kobalsky 5y ago
it's literally easier to move your money overseas to an international broker than to try to operate here, which is what people with enough money do.
we tried to invest some backup cash we had in a company here a couple a years ago and it was a nightmare. the only way to operate was through phone calls.
EDIT: I read a bit to the check the current state of affairs and it's still complicated, and apparently there is a currency conversion process that is hit by a very heavy fee. Something similar happens with credit cards, when we pay for a service or product in a foreign currency we get charged a 65% tax that puts the official USD exchange rate in line with the real one.