When Investing, there are 4 basic rules you should always keep in mind.
Expats in-particular face greater risk & this is even more important for them.
We help clients stick to the following 4 rules:
- Start Early. For example, it is of no use to start saving for your retirement at age 63. People don’t plan to fail, they fail to plan.
- Diversify. Spread your risks into multiple funds and into hard currencies. If your local currency drops this strategy will allow you to live in the manner you’ve become accustomed to.
- Reduce costs. High fees will prevent your funds from growing, be wary of advisors that don’t demonstrate ongoing fees.
- Keep your emotions out of it. You will need a financial adviser who can think clearly and is not emotionally involved in your wealth.
Ask for a free initial consultation from one of our Independent expat advisors.