What Are the Best Offshore Investments?

by James on November 17, 2016 · 0 comments

sunrise-1239728_640For expats who want to grow their wealth, choosing the best offshore investments will be key.

But with so much choice in the international financial marketplace, how can expats choose?

What’s more, there is so much jargon in financial services, that it can be baffling when you start exploring your options.

Help is at hand for all expats who want to invest offshore

It’s possible to ‘do it yourself’ as an investor these days, and all expats should at least consider whether this is a path suitable for them.

To begin, it’s critical to ensure your financial education is up to date, and that you can use online resources to research key terms, specific investment approaches, financial services companies and so on.

There are also plenty of investment guides available to buy, to further your understanding of the options available to you.

Using all the resources available it’s possible to find the best offshore investments yourself, thus cutting out the expense and complication of an adviser.

However, advisers in the form of chartered financial planners certainly have their place when it comes to complex wealth management questions.  But just for placing your money to grow while you’re living abroad, consider the DIY approach.

How to find the best offshore investment solutions

There are books available and websites to guide you, so you can ensure you have knowledge and understanding of your options.

What’s more, there are some excellent passive or index funds out there to invest in, which make investing easy for you if you lack time, or don’t want to have to pay a fund manager lots of money to manage your wealth.

The choices of funds available are broad, so you do still need to tread carefully.

But as long as you keep a close eye on fees and charges and cut them right back, you’ll be starting on the right path.

The reason it’s critical to cut your costs is because they immediately erode the future potential growth of your investment.

Costs cut the size of your investment; they cut the amount invested and therefore available to grow, and so they impact on your returns.

On an ongoing basis, annual fees and charges can devastate even the best-laid financial plans.

Next, consider a passive investment approach – that is one where instead of having your money actively managed by expensive fund managers who try and guess the market and beat it, you invest cost effectively, (some say cheaply), in the likes of an exchange traded fund (ETF) or index account.

Passively invested money tracks a market, rather than trying to beat it by guessing.  As a result it’s a type of investment approach also called evidence based investing – the evidence being that it works!

US$7 trillion has been invested in these types of passive funds in America and Europe already, because they are so effective for all types of investors.

Of course there are many more options and alternatives available, but if you ensure your financial education is solid, you commit to keeping your costs low, and only ever trust a chartered financial planner if you seek advice, you’ll soon be on the right path for investment success.



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