Mustachians in the Philippines:
Good day! Wishing to assist an aspiring native Mustachian in the Philippines open a brokerage to invest in U.S. stocks and mutual funds that 'should' lead to stable passive income, I am informed that all either require an account setup fee or large initial deposit. Over a year ago, I referred to my friend two brokerages that my research suggested were "free," but she claims that is not so. Can you please recommend free online brokerages available to all Philippine citizens that have minimal balance requirements?
Lastly, can you please share with me the Philippine tax consequences of capital gains and dividends from investments?
Thank you for your attention and cooperation.