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Wednesday, 08 August 2007 |
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Most people have the good intention of saving some money while working overseas. A foreign assignment usually entails improved employment conditions and pay so the prudent investor will take advantage of this opportunity to save some money. That said, sometimes this objective is over-looked and indeed forgotten altogether so many expatriate workers return home wealthy only in memories of the good times they had while overseas. Similarly, so many regret failing in their primary purpose for working aboard – to save some money.
Many expatriates will try to save whether the money is to be used for future property purchase, clear debts, buy a car, supplement future school fees or to top-up a pension. The important issue is to employ some discipline from outset so the saving becomes a natural habit. You will be surprised how quickly your funds will start to grow and with some careful financial planning Globaleye can make it grow further.
Typically we save money in banks but over the medium to long term your funds would be better served elsewhere. This is due to the erosive effects of inflation and at present the very low interest rates we receive on our deposits. We would encourage investors to save offshore to increase their investor protection and to keep their financial matters confidential.
Banks are good for your short-term money and we can supply you with an array of banking solutions. However, a carefully constructed savings plan could yield more interest on your hard earned money. Depending on your attitude to risk, we can use secure & guaranteed funds, tracker funds, bond funds, managed equity funds, property funds and all points in between. We can place the asset in Trust and incorporate some protection if required.
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