Investing for Americans Abroad and U.S. Expats | Gimme Some Truth for Expats

Most American investors don't realize that their brokerage relationship often "breaks" the moment they move overseas. In this episode of Gimme Some Truth, we discuss why U.S. retail brokerages are closing expat accounts and how to choose the right custodian before you relocate.From FATCA compliance to the "liquidation-only" trap, we break down the complexities of being a U.S. person living abroad. We also expose the dangers of using a "fake" U.S. address (like a relative's house) and why that strategy can lead to massive tax and legal headaches.What You’ll Learn:- The FATCA Factor: Why foreign banks don't want U.S. clients and why U.S. banks don't want foreign addresses.- Account Freezes: Why your brokerage might give you a 30-day notice to move your assets.- The "Address Trap": The risks of using PO Boxes or family addresses to keep your account open.- Retail vs. Institutional: Why advisor-sponsored platforms often have broader international capabilities than standard retail accounts.- Country-Specific Rules: Why the "best" brokerage for an expat in Germany might be different than one in Japan.

https://usexpatinvesting.com/blog/what-is-the-best-brokerage-for-expats/Timestamps:0:00 Welcome: The Expat Investing Crisis0:45 Why your current brokerage might not work abroad2:09 FATCA Explained: The pressure on expat banking3:40 Why there is no "one-size-fits-all" solution4:39 The Dangers of "Fake" U.S. Addresses6:31 Essential planning steps BEFORE you move8:47 Retail vs. Advisor-Led Institutional Accounts11:21 Why brokerages "kick out" international clients13:22 How to be proactive with your expat wealth14:24 Disclosures & Wrap UpRead the corresponding blog for more details: Are you planning a move or already living abroad? Our team specializes in cross-border wealth management. www.usexpatinvesting.com#ExpatInvesting #USExpats #FATCA #FinancialPlanning #MovingAbroad #CrossBorderWealth #BrokerageAccountsSUBSCRIBE: @usexpatinvestingFor more on this topic and others check out the blog on our website: https://usexpatinvesting.com/blog/Visit our website for more financial planning resources and educational information: https://www.usexpatinvesting.com————————————————ADD US ON:LinkedIn: https://linkedin.com/company/walkner-condon-financial-advisors-llc Facebook: https://facebook.com/usexpatingvesting

Kevin Warsh has been nominated as the next Federal Reserve Chair for 2026. What does this leadership shift mean for your wallet? In this episode of Gimme Some Truth, we analyze the Warsh nomination and its immediate impact on monetary policy, interest rates, and the global markets.As Jerome Powell prepares to hand over the gavel, Kevin Warsh brings a distinct philosophy to the FOMC—balancing a "hawkish" view on the Fed’s balance sheet with a unique perspective on AI-driven productivity. We dive deep into whether this marks a regime change for inflation targets and how investors should position their portfolios for the "Warsh Era."🔍 Key Insights in This Episode:- The Warsh Philosophy: Why his stance on Quantitative Easing (QE) differs from his predecessors.- The AI Factor: How Warsh views AI productivity as a tool to combat inflation.- The Powell Transition: Will Jerome Powell remain on the Fed Board of Governors?- 2026 Rate Outlook: Predictions for interest rate cuts or hikes under new leadership.- Portfolio Strategy: How to trade gold, the US Dollar, and commodities during this transition.📊 Investment Strategy:Is it time to rotate out of growth or double down on commodities? Our team discuss the "Warsh Pivot" and what it means for Federal Reserve independence in 2026 and beyond.Read the blog - https://usexpatinvesting.com/blog/kevin-warsh-federal-reserve-independence-and-the-future-of-the-u-s-dollar/ #KevinWarsh #FederalReserve #InterestRates #Inflation2026 #StockMarketNews #InvestingStrategy #FedChair #JeromePowell⏱️ Timestamps:0:00 - Introduction: The New Fed Chair0:45 - Kevin Warsh Nomination: Why Now?3:15 - The Confirmation Process & Market Volatility6:00 - Warsh on QE & The Fed’s Balance Sheet10:30 - The Dual Mandate: Shifting Focus?16:45 - The Jerome Powell "Board Member" Question22:30 - Quantitative Tightening (QT) Challenges29:00 - AI Productivity: The Secret to Low Inflation?39:00 - Portfolio Moves: Should You Sell or Hold?46:00 - History Lesson: From Jekyll Island to 2026SUBSCRIBE: @walknercondon For more on this topic and others check out the blog on our website: https://usexpatinvesting.com/blog/kevin-warsh-federal-reserve-independence-and-the-future-of-the-u-s-dollar/Visit our website for more financial planning resources and educational information: https://www.usexpatinvesting.com ————————————————ADD US ON:LinkedIn: https://linkedin.com/company/walkner-condon-financial-advisors-llc Facebook: https://facebook.com/walknercondon

In this episode of Gimme Some Truth, the Nate and Clint discuss the 2026 Market Outlook, Walkner Condon’s annual market outlook publication, and the key themes shaping the year ahead.

Read the 2026 Market Outlook here: ⁠https://walknercondon.com/market-outlook-guide-2026/ ⁠

The conversation explores insights from the 2026 Market Outlook, including diversification, concentration risk, taxation, and the evolving role of artificial intelligence in financial markets. Listeners are encouraged to evaluate their portfolios against these factors and consider how emerging risks and uncertainties may impact long-term strategy.

This episode offers context around the thinking behind Walkner Condon’s 2026 Market Outlook and how investors can use it as a framework for navigating changing market conditions.

00:00 Introduction and Early-Year Market Reflections

00:33 Market Sentiment and Recent Financial Developments

01:36 2026 Market Outlook Overview

01:54 Building the 2026 Market Outlook Guide

04:13 Key Themes: Diversification, Risk, and Taxation

06:25 AI and Market Implications

11:43 Preparing Portfolios for Market Uncertainty

14:16 Conclusion and Invitation for Feedback

For more on this topic and others check out the blog on our website: ⁠https://walknercondon.com/blog/ ⁠

Visit our website for more financial planning resources and educational information: ⁠https://www.walknercondon.com⁠

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Portugal’s NHR 2.0 tax regime is changing the landscape for expats—and especially Americans—looking to relocate, invest, or build businesses abroad. In this episode of Gimme Some Truth, hosts Nate Condon and Stan sit down with Zeev Fisher, founder of Fresh Portugal, to break down what the new Non-Habitual Resident (NHR 2.0) program really means.

We explore the history and evolution of Portugal’s NHR program, how the updated version impacts foreign residents, and what expats need to know about tax benefits, immigration strategy, and compliance. Zeev shares real-world insights from working with international clients, including American expats, entrepreneurs, and digital professionals navigating Portugal’s legal and tax systems.

This conversation also dives into:

-The pros and cons of NHR 2.0

-Common mistakes expats make when moving to Portugal

-How Portugal is becoming a European tech and startup hub

-Cultural adaptation and lifestyle considerations

-Practical advice for tax planning, residency, and long-term relocation

Whether you’re considering moving to Portugal, optimizing your international tax strategy, or exploring opportunities in Europe, this episode delivers expert guidance and actionable insights.

Learn more about Fresh Portugal at https://freshportugal.com

⏱️ Timestamps

00:00 Introduction & Guest Overview

00:26 Discovering Fresh Portugal

01:03 What Is Portugal’s NHR 2.0?

02:09 How Fresh Portugal Helps Expats

05:22 Challenges of Relocating to Portugal

07:57 Deep Dive Into NHR 2.0

10:28 Cultural Differences & Integration

13:30 NHR 2.0: Implementation & Real Impact

23:03 Portugal’s Startup & Tech Opportunities

28:05 Final Thoughts & What’s Next

Read the blog -

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👉 Subscribe to our channel and never miss an episode of Gimme Some Truth @walknercondon

🌐 Learn More About Walkner Condon Financial Advisors:

Visit: https://walknercondon.com

🌍 Are You a U.S. Expat?

We specialize in financial planning for Americans abroad:

Explore our dedicated expat site: https://usexpatinvesting.com

📣 Connect with Us on Social Media:

LinkedIn: https://www.linkedin.com/company/walknercondon

Facebook: https://www.facebook.com/walknercondon

Instagram: https://www.instagram.com/walknercondon/

#PortugalNHR #NHR2 #MoveToPortugal #PortugalExpat #PortugalTaxes #AmericanExpats #TaxPlanning #PortugalResidency #DigitalNomadPortugal #GimmeSomeTruth

In this episode of Gimme Some Truth, Nate, Andrew, and Clint take a deep dive into the rapidly growing world of prediction markets—a space sitting at the intersection of investing, betting, and financial innovation.

We explore how prediction markets first emerged from political forecasting and academic research, how companies like Kalshi and Polymarket are shaping the U.S. landscape, and what the regulatory environment looks like today.

The conversation also covers how prediction markets actually work, their impact on sports betting and investment portfolios, and whether they could eventually disrupt traditional gambling platforms and investment products.

From potential returns and real-world use cases to risks, volatility, and long-term outlook, this episode breaks down everything investors need to know about this evolving asset class.

Timestamps:

00:00 — Introduction to Prediction Markets

00:36 — Origins in Politics & Academia

01:49 — U.S. Regulation & Emerging Companies

03:51 — Evolution & Future of Prediction Markets

09:06 — Are Prediction Markets Investing or Gambling?

11:16 — Key Risks & Considerations

13:30 — Final Thoughts & Takeaways

Read the blog - https://walknercondon.com/blog/how-prediction-markets-could-disrupt-gambling-sports-betting-and-traditional-investing/

🔔 Subscribe for More Insights on Financial Planning, Investing, and Retirement:

👉 Subscribe to our channel and never miss an episode of Gimme Some Truth @walknercondon

🌐 Learn More About Walkner Condon Financial Advisors:

Visit: https://walknercondon.com

🌍 Are You a U.S. Expat?

We specialize in financial planning for Americans abroad:

Explore our dedicated expat site: https://usexpatinvesting.com

📣 Connect with Us on Social Media:

LinkedIn: https://www.linkedin.com/company/walknercondon

Facebook: https://www.facebook.com/walknercondon

Instagram: https://www.instagram.com/walknercondon/

Twitter/X: https://twitter.com/walknercondon

In this episode of Gimme Some Truth, Clint, Keith, and Nate take a deep dive into one of the most debated topics in finance today: investment bubbles. From historical manias to the modern AI boom, this episode unpacks how bubbles form, why they burst, and what investors should watch for in today’s elevated market environment.

We explore classic examples like Tulip Mania, the Dot-Com Bubble, and other notable periods of irrational market enthusiasm. The team also examines current concerns surrounding AI valuations, cryptocurrency speculation, and whether today's market dynamics mirror past bubbles.

You’ll learn:

What defines a financial bubble

How investor psychology, FOMO, and high valuations fuel unsustainable growth

Whether modern trends like AI and crypto show signs of bubble behavior

How bubbles can form even during strong economic conditions

Practical strategies for navigating “frothy” markets

Why diversification and discipline matter more than ever

Timestamps:

00:00 — Introduction to Investment Bubbles

00:37 — What Creates a Financial Bubble?

02:04 — Valuation Factors & Market Psychology

05:40 — Historical Bubbles: Tulip Mania

09:45 — Lessons from the Dot-Com Bubble

14:38 — Are Today’s AI & Crypto Trends Bubbles?

17:50 — Final Thoughts & Practical Investment Advice

If you’re trying to understand whether markets are overheated—or want tools to help you navigate volatility—this episode offers clear insights and grounded perspective.

👉 Subscribe to our channel and never miss an episode of Gimme Some Truth @walknercondon

🌐 Learn More About Walkner Condon Financial Advisors:

Visit: https://walknercondon.com

🌍 Are You a U.S. Expat?

We specialize in financial planning for Americans abroad:

Explore our dedicated expat site: https://usexpatinvesting.com

📣 Connect with Us on Social Media:

LinkedIn: https://www.linkedin.com/company/walknercondon

Facebook: https://www.facebook.com/walknercondon

Instagram: https://www.instagram.com/walknercondon/

Twitter/X: https://twitter.com/walknercondon

🌍 Thinking about investing internationally? In this episode of Gimme Some Truth, the Walkner Condon team breaks down American Depositary Receipts (ADRs) — what they are, how they work, and when they make sense for investors seeking global exposure.

Learn the benefits and risks of ADRs, plus discover alternative ways to invest internationally, from buying shares directly on foreign exchanges to managing portfolios across multiple currencies.

Our advisors also share insights into the unique challenges U.S. expats face when building global portfolios — including regulatory hurdles and custodial complexities — and how Walkner Condon provides tailored, client-focused solutions for international investors.

⏱️ Chapters & Key Topics

00:00 Introduction to ADRs

00:25 Understanding ADRs and Their Benefits

01:28 Challenges and Considerations with ADRs

05:17 Alternative Investment Options

09:13 Walkner Condon’s Unique Offerings

12:00 Conclusion and Final Thoughts

💡 What You’ll Learn

What are ADRs (American Depositary Receipts) and how do they work?

- The pros and cons of using ADRs for international investing

- How to diversify globally through direct foreign investments

- Key considerations for U.S. expat investors managing multi-currency portfolios

- How Walkner Condon’s global expertise supports international clients

👉 Subscribe to our channel and never miss an episode of Gimme Some Truth @walknercondon

🌐 Learn More About Walkner Condon Financial Advisors:

Visit: https://walknercondon.com

🌍 Are You a U.S. Expat?

We specialize in financial planning for Americans abroad:

Explore our dedicated expat site: https://usexpatinvesting.com

📣 Connect with Us on Social Media:

LinkedIn: https://www.linkedin.com/company/walknercondon

Facebook: https://www.facebook.com/walknercondon

In this episode of Gimme Some Truth, hosts Clint Walkner, Stan Farmer, and Ian Beardsley are joined by Meb Faber, Chief Investment Officer of Cambria Investment Management, for an in-depth discussion on utilizing Section 351 to seed newly launching exchange-traded funds—a mechanism that can provide a tax-efficient approach to diversifying concentrated stock and ETF positions.

The conversation explores the mechanics, potential benefits, and use cases for these funds, and how they may fit into broader portfolio management and diversification strategies. Meb also shares his perspective on global investing themes, market observations, and future developments in the investment landscape.

🕒 Episode Chapters

00:00 – Introduction & Guest Overview

01:03 – Understanding Section 351 Funds

01:50 – Meb Faber’s Experience and Insights

03:45 – Use Cases and Fund Mechanics

06:21 – Diversification & Portfolio Structure

09:24 – Real-World Context & Applications

14:25 – Broader Market Perspectives

28:02 – Closing Thoughts & Disclaimers

🎙️ Connect with Meb Faber

Website (Cambria Investment Management): ⁠https://cambriafunds.com⁠

Podcast – The Meb Faber Show: ⁠https://mebfaber.com/podcast⁠

Twitter/X: ⁠https://twitter.com/MebFaber⁠

🔔 Subscribe for More Insights on Financial Planning, Investing, and Retirement:

👉 Subscribe to our channel and never miss an episode of Gimme Some Truth @walknercondon

🌐 Learn More About Walkner Condon Financial Advisors:

Visit: ⁠https://walknercondon.com⁠

🌍 Are You a U.S. Expat?

We specialize in financial planning for Americans abroad:

Explore our dedicated expat site: ⁠https://usexpatinvesting.com⁠

📣 Connect with Us on Social Media:

LinkedIn: ⁠https://www.linkedin.com/company/walknercondon⁠

Facebook: ⁠https://www.facebook.com/walknercondon⁠

Instagram: ⁠https://www.instagram.com/walknercondon/

How does Epic's employee stock program work—and what do you need to know about taxes, loans, 83(b) elections, and long-term planning?

In this episode of Gimme Some Truth, financial professionals Clint Walkner, Alicia Vande Ven, CFP® (former Epic HR), and Mitch DeWitt, CFP®, break down the complexities of Epic employee stock, including vesting, tax implications, exit planning, and risk management. Whether you're an Epic employee, former staffer, or simply navigating equity compensation, this episode offers structured insight into managing your equity in 2025 and beyond.

Check out our new Epic Stock Financial Planning Guide

⁠www.walknercondon.com/epic⁠

🔎 Topics include:

Epic stock structure and evolution

Understanding 83(b) elections

Managing stock loans and risk

Using direct indexing and donor-advised funds

Planning for vesting, exit, and retirement

This content is for informational purposes only and not intended as tax or investment advice.

⏱️ Timestamps:

00:00 – Intro: What makes Epic stock unique

01:00 – Alicia’s background at Epic and initial exposure to equity

02:15 – How Epic’s stock plan has changed over time

04:30 – Why it's important to understand what you own

06:00 – Vesting, taxation, and the W-2 surprise

07:45 – 83(b) election explained: benefits and risks

10:30 – Exit planning: start early to expand your options

12:45 – When Epic stock becomes "real money"

14:10 – Investment strategy: what to consider before leaving

15:40 – Direct indexing for tax efficiency

17:00 – Donor-Advised Funds: grouping charitable giving

19:00 – Planning around fluctuating income and loan terms

21:15 – Why family and spouse income must be considered

23:00 – The role of personal goals in equity planning

24:30 – How to prepare for a financial planning meeting

Read our blog post on Donor-Advised Funds: ⁠https://walknercondon.com/blog/what-is-a-donor-advised-fund/⁠

Read our blog post on Direct Indexing: ⁠https://walknercondon.com/blog/introduction-to-direct-indexing/ ⁠

#EpicStock #EquityCompensation #83BElection #TaxPlanning2025 #DirectIndexing #DonorAdvisedFunds #GimmeSomeTruthPodcast #ExitPlanning #EmployeeStockPlans #EpicSystems

For more on this topic and others check out the blog on our website: ⁠https://walknercondon.com/blog/ ⁠

Visit our website for more financial planning resources and educational information: https://www.walknercondon.com

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In this episode of Gimme Some Truth, Clint, Nate, and Syl break down the Q3 market recap and share their Q4 stock market outlook. They discuss the continued strength of U.S. and international equities, the resilience of the economy despite tariffs and global challenges, and how potential Federal Reserve rate cuts may shape the months ahead.

They also dive into currency pressures, inflation trends, consumer spending, and real estate dynamics—plus the growing influence of AI and reshoring initiatives on the broader economy. Packed with insights for both experienced investors and new market participants, this episode is a must-listen for anyone navigating the final quarter of the year.

Key Topics Covered

Q3 Market Recap – Momentum in U.S. and international stocks

Global Market Trends – International equities and broader outlook

Economic Resilience – How the economy withstands tariffs and headwinds

Federal Reserve & Rates – Possible interest rate cuts and their impact

Inflation & Currency Shifts – Managing volatility in a changing market

Consumer Spending & Housing – Real estate trends shaping demand

Q4 Outlook – Key themes and expectations for the coming quarter

Episode Timestamps

00:00 – Introduction and Overview

00:37 – Q3 Market Recap

01:52 – International Stocks and Broader Market Trends

03:11 – Economic Resilience and Tariffs

05:19 – Federal Reserve Policies and Interest Rates

07:58 – Currency and Inflation Concerns

12:17 – Consumer Spending and Real Estate

14:18 – Q4 Outlook and Themes

19:22 – Conclusion and Final Thoughts

READ THE BLOG POST FOR MORE INFO:

https://usexpatinvesting.com/blog/2025-q3-investment-summary/

🔔 Subscribe for More Insights on Financial Planning, Investing, and Retirement:

👉 Subscribe to our channel and never miss an episode of Gimme Some Truth @walknercondon

🌐 Learn More About Walkner Condon Financial Advisors:

Visit: https://walknercondon.com

🌍 Are You a U.S. Expat?

We specialize in financial planning for Americans abroad:

Explore our dedicated expat site: https://usexpatinvesting.com

📣 Connect with Us on Social Media:

LinkedIn: https://www.linkedin.com/company/walknercondon

Facebook: https://www.facebook.com/walknercondon

Instagram: https://www.instagram.com/walknercondon/

Twitter/X: https://twitter.com/walknercondon