Why are US expat brokerage accounts being closed?
I've heard that some US expat brokerage accounts are being closed recently. I'm wondering why this is happening. Could it be due to new regulations or tax policies? Or is it just a business decision by the brokerages? I'd like to understand the reasons behind this trend.
Why should no one use brokerage accounts?
Could you elaborate on the reasons why some individuals might advise against using brokerage accounts? Are there specific drawbacks or concerns that one should be aware of when considering this option for managing their investments? Additionally, what alternatives might be more suitable for certain individuals or investment strategies, and how do they compare in terms of accessibility, fees, and potential returns?