How To Keep & Grow Your Money #30

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In this letter, we analyze the iShares Bitcoin Trust ETF (IBIT).

Ticker: IBIT | Price: $47.56 | Gross Expense Ratio: 0.25% | Assets Under Management: $48 billion (as of March 28 2025)

What is it (short)?

The iShares Bitcoin Trust ETF (IBIT) provides investors with exposure to Bitcoin by directly holding the cryptocurrency, allowing for participation in Bitcoin's price movements without the complexities of direct ownership.​

What is it (long)?

Launched in January 2024 by BlackRock, IBIT is designed to track the spot price of Bitcoin. The ETF enables investors to gain Bitcoin exposure through traditional brokerage accounts, eliminating the need for cryptocurrency wallets or exchanges. IBIT has rapidly become a leading Bitcoin ETF, amassing $53 billion in assets under management by December 2024. It boasts a low gross expense ratio of 0.25%, making it a cost-effective option for investors seeking Bitcoin exposure.

Our thoughts:

IBIT offers a convenient and regulated avenue for investors to access Bitcoin's potential growth. Its substantial asset base and low expense ratio enhance its appeal. However, investors should be mindful of Bitcoin's inherent volatility and ensure that such an investment aligns with their risk tolerance and long-term financial objectives.

Do your own research and if you would like to take our free course to learn how to invest into ETFs and Index Funds at Index Institution™ go here.

The New Tax Havens You Didn’t See Coming

For many, the term “tax haven” still brings to mind tropical islands with zero taxes and secret bank accounts.

But that’s old news.

The savviest entrepreneurs and investors are now looking elsewhere.

Here’s why:

The traditional tax havens—Monaco, Cayman Islands, Dubai—aren’t what they used to be.

✔️ Rising costs
✔️ Stricter regulations
✔️ Corporate taxes creeping in

Meanwhile…

A new wave of countries is changing the game—and they’re doing it in your favor.

Where Smart Investors Are Heading in 2025

🇴🇲 Oman – No income tax, no dividend tax, no capital gains. Just a 15% corporate tax (which can often be planned around).

🇬🇪 Georgia – Territorial tax system + straightforward high-net-worth residency + 0% tax on foreign income. Seriously underrated.

🇦🇮 Anguilla – One of the few places where you pay a flat annual fee—$75K—and nothing else. No income, capital gains, or corporate tax.

🇲🇪 Montenegro – Real estate-based residency, progressive tax rates as low as 9%, and a path to citizenship.

🇲🇩 Moldova – Just 7% tax on everything—if you operate an IT business inside an official “Tech Park.”

🇰🇬 Kyrgyzstan – Flat 10% tax. Just 2% for e-commerce. Not flashy, but highly efficient.

🇧🇿 Belize – No tax on foreign income, flexible residency options, and trust laws that rival the Cook Islands—for a fraction of the price.

🇦🇬 Antigua & Barbuda – Gain tax residency by spending just 30 days per year there. Pay a $20K flat fee, get your tax ID, and enjoy zero personal income tax.

🇲🇾 Malaysia – Foreign income? 0% tax. Dividends? 0% tax. If you want a beach lifestyle with a low cost of living, this is the move.

Tax Optimization Is About Strategy, Not Just Location

The key isn’t picking the “coolest” place—it’s finding the country that aligns with your business, lifestyle, and financial goals.

The right choice can offer:

✔️ Low or zero tax on foreign income
✔️ Legal tax residency with minimal hassle
✔️ A straightforward path to citizenship
✔️ A better quality of life while you’re at it

Yet, most people aren’t even aware of all their options.

If you would like to explore legally paying less taxes and maximizing your freedom check out Global Optimizer™ or click here.

Financial Concept to Learn in This Edition: Overhead

What Is Overhead and Why Is It Important for Investing?

Definition: Overhead refers to the ongoing business expenses that are not directly tied to the production of a product or service. These are the costs necessary to run a company, regardless of its level of production or sales.

Key Aspects of Overhead:

• Fixed Overhead: Costs that remain constant regardless of production levels. Examples include rent, salaries of administrative staff, and insurance premiums.

• Variable Overhead: Expenses that fluctuate with production activity. For instance, utility costs may increase as machinery operates longer hours to meet higher demand.

• Semi-Variable Overhead: Costs that have both fixed and variable components. An example is a salesperson's compensation, which might include a fixed base salary plus commissions that vary with sales performance.​

Why Investors Should Care:

Understanding overhead is crucial for investors because:

• Profitability Assessment: Companies with high overhead may have thinner profit margins, making them potentially riskier investments. Efficient overhead management can indicate a well-run company.​

• Pricing Strategy: Firms need to cover overhead costs to achieve profitability. If a company's pricing strategy doesn't adequately account for overhead, it may struggle financially.​

• Break-Even Analysis: Overhead costs are integral to determining a company's break-even point—the level of sales needed to cover all expenses. A lower break-even point can signify a more resilient business model.​

Key Considerations for Investors:

• Analyze Financial Statements: Review income statements to understand a company's overhead expenses and how they impact net income.​

• Compare Industry Standards: Evaluate whether a company's overhead aligns with industry norms. Deviations might indicate operational inefficiencies or competitive advantages.​

• Monitor Trends: Observe how overhead costs change over time. Rising overhead without corresponding revenue growth could be a red flag.​

In summary, overhead represents the essential costs of operating a business beyond direct production expenses. For investors, a thorough understanding of overhead is vital to assess a company's financial health, operational efficiency, and potential for sustainable profitability.

To learn more about Overhead read more on Investopedia here or learn more from our full FREE investing course & community here.