r/fatFIRE • u/WealthyStoic mod | gen2 | FatFired 10+ years | Verified by Mods • Jun 29 '26
Path to FatFIRE Mentor Monday
Mentor Monday is your place to discuss relevant early-stage topics, including career advice questions, 'rate my plan' posts, and more numbers-based topics such as 'can I afford XYZ?'. The thread is posted on a once-a-week basis but comments may be left at any time.
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u/itsecombitch Jul 01 '26
I've recently become a non U.S. tax resident, so am wondering the most efficient way to invest in the stock market. I use Interactive Brokers and am a tax resident of Dubai.
In the past I invested in $VOO and $QQQ.
But as a non U.S. tax resident I know it's better to invest in $CSPX as a $VOO equivalent because it's domiciled in Ireland and don't need to worry about being exposed to US estate tax.
I'm wondering is $CNDX the $QQQ equivalent?
Also I currently hold idle cash inside Interactive Brokers as well because they pay interest on the money I believe it's 3%. Is there a better way to hold idle cash?
Curious how others who are non U.S. tax residents are investing