The offshore investment process is often seen as unwieldy and complicated but this assumption is far from true.
Offshore investing is, at its core, a practical way to achieve diversification in your investment portfolio. “Diversification, in turn, is a big word for a relatively simple concept: Spread your wealth and your hard-earned resources between different investment options. Or, don’t put all your eggs in one basket. At its core, this notion assumes that various asset classes – like cash, property or stocks – vary in nature and will behave and perform differently over a period. So, when one is on a high, another might be going through the doldrums. But, together, they’ll even each other out. This reduces your risk,” explains Chantal Robertson, Head of Global Wealth Solutions at FNB Wealth and Investments.
It is no longer sufficient to diversify among different asset classes, especially if they are all based in the same country and are subject to the same economic, political and social pressures. “Today’s investor is a mobile global citizen who is unrestricted by borders and boundaries, and wired consistently in to a world of potential opportunities,” says Robertson
Customers with different needs have vested interests in various offshore investing opportunities. These days investing offshore is no longer the preserve of the super-rich, stresses Robertson. “Global citizens come in all shapes and forms, from the young professional saving for his first overseas holiday, to a corporate executive establishing an offshore account to cover tuition fees should her children wish to attend