It just came to me. If when moving big chunks of money our plan is anyway to invest them in another country.. why not simply invest in Japan and then move the titles (which is often free?)
Example:
– I open IBJP (move residence for few weeks if needed)
– move money from bank to ibjp (pay flat fee of less than 10000 yen)
– buy my titles with super low spread
– move to my broker in another country (should be free)
Done. Wouldn’t this be the best? Even if I don’t want to invest per se.. I can buy money market etf for whatever currency I need and then sell in the destination country. Wouldn’t this be the best way to do this all day long?
Maybe I’m missing something..
Thanks!
by Pale_Elderberry_7487