If you are an international student, one of the best things you can do is start an investment account. Depending on your financial circumstances, you should keep three to six months of living expenses in savings. Having a large amount of money in savings will prevent you from being unable to pay for unexpected expenses.
Investing in stocks is a great way to earn passive income, but you should check with the International Student Office to make sure you can legally do so. If you are unsure about the laws regarding your visa, invest with a financial advisor. This person will help you decide which stocks to purchase.
You should know that investing in stocks is a legal option for F-1 visa students, but you have to be aware of tax laws. You must declare any stock-related investments and any dividends. The stock broker should provide you with a Form 1099 that you will need to file with your taxes. There are many free online tax tools, and you can also hire a tax consultant.
Another option for investment is opening an account in the US. There are plenty of brokerage firms in the US that will allow foreign investors to open an account. You can also invest in stocks and mutual funds in the United States.