The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: UKfire on December 19, 2016, 02:21:40 PM
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My eldest son, who is a UK citizen, is married to a Mexican and lives and works in Mexico City running a small business which is showing promise. He will most likely remain in Mexico for the foreseeable future, probably all of his life. He will have permanent Mexican residency from May 2017.
We're both keen followers of MrMM's blog and this forum. My son is debt free in Mexico as of this month. He still has some student debt in the UK at a low interest rate which he is starting to pay down. He owns outright with his wife the apartment where they both live. I understand that they keep their finances largely separate.
He now wishes to save, initially for his emergency fund and then a combination of savings and pension all in the most legally tax free way possible. He's interested in low cost Vanguard trackers and the like but he's at the beginning of the learning curve on that.
Does anyone here have any experience of what his options might be in Mexico?
Thank you in anticipation.
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I live in Mexico, but I'm not an expert. Posting to see if anyone else pipes up. But I'll share with you our strategies:
With our Mexican-earned income we are investing in real-estate. We own the land, and little by little we are adding rental apartments to the land. I say little by little, because from what I've seen, interest rates are really high here (15%+), so I'd rather just pay cash a little at a time.
We also earn American income because we rent our one rental casita through airbnb and vrbo and those go to my american account. So all my Vanguard investments are through that American account.
Sorry if that's not very helpful. Here's a link to a mexican investment company that I am looking into: http://www.gbmfondos.com.mx/public/