3. Daily advice thread. All questions about your personal situation should be asked...

Daily advice thread. All questions about your personal situation should be asked here

Hello! I've done lots of searches online and cannot find anything specific to my situation.

I'm a current college student (in the US) from Singapore and my long-term geographical/residency situation is very uncertain at the moment and even after beginning a full time job I may end up being an expat for a few years, or spend stints working at sites abroad. I might end up still spending many years in the US, for all I know. Combined with my nonresident alien status this makes finding a brokerage to begin with quite challenging...

I have an SSN because I work on campus and applied for one. However, because I am a resident of Singapore for tax purposes, it seems like I cannot open an account with TD Ameritrade (my first choice after a lot of research online) -- Thinkorswim has a Singapore branch but they seem to cater to professional traders and I don't think they offer the regular web platform + I'm unsure how exactly they are related to the US division. E*TRADE Singapore is not currently accepting account openings. Scottrade have told me that they will close my account if I am out of the US for more than half a year, which would be a problem once I move out of the States. Interactive Brokers requires more starting capital than I am willing to do for now...

I have a brokerage account with a Singapore bank, but I've never touched it (been busy with school) and I intend to use it only for investing in Asian markets. Lots of messy tax stuff if I try to invest further abroad with that account...and the selection of products is quite limited.

I think it may be best to start with a low-cost brokerage, and one that has some kind of physical (or at least phone) presence would be very useful -- as a non-citizen/PR in the US it's impossible for me to get anything done with my bank unless I troop down to the branch waving my passport and bank statements.

Any suggestions? Thanks in advance!

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