In an uncertain world, it is understandable that we have seen an increase in interest in investing in property. It is human nature to want to put your money into something that you can see and touch.
Property markets are not equal and the legalities and potential for growth and/or income vary hugely but Europe still presents many opportunities for long-term investment and yield.
Surveys have shown that many expats are keen to invest in property in their home country either as they consider it a more secure place than where they are currently living, or as a potential base should they need to move back.
Not everyone is lucky enough to have a passport that allows them to travel around the world with minimum hassle and without having to apply to a visa wherever they go. If you don’t have that privilege, did you know that there are options for you?
Citizenship and residency by investment is available for many countries and I can assist you in obtaining global mobility, and ultimately a second passport, for a more secure and beneficial future.
If obtaining a second passport, that gives visa-free entry to 186 countries to you and your family, that allows you to live and work where you want, is of interest read on…
It is estimated that in the UK alone more than £8 billion is languishing in under-performing investment funds. Add all the money in offshore funds and other jurisdictions and the number is worryingly large.
These poorly performing funds, known as dogs, can be found in all sectors but action can be taken. If your money is stuck in the dog house you can do something about it.
This article is designed to give you an overview of the sensible and practical steps that you should take to protect yourself and your family while resident in the UAE. I have written about each of these topics before, on this website, in the press, talked about it on radio and in presentations but it is so important that everyone understands what they should do to plan – just in case – and this article brings these topics together.
Sometimes in life the worse does happen, people die, and it is essential to be prepared, even more so when living in the UAE.
In 15 years in the UAE I have been involved in a number of cases where a client has died and it is a particularly stressful experience due to local complications. Planning ahead and doing all you can so that you or your family are not left without access to money matters a great deal. This is not about being maudlin, but about the right things to do.
The days of most expats having their children’s school fees paid for them are gone and even if you have an education allowance as part of your salary package it will stop on finishing secondary school. If they then want to go on to tertiary education, whether that is university, college, or vocational study someone has to pay and the burden is likely to fall on to parents.
Have you thought about how much may be required, or how to fund the additional study that you children may want, or indeed may need, in order to do what they want in life and be successful?
Statistics show that over their working life someone with a bachelor’s degree in the USA will earn, on average, almost twice as much as workers with a high school diploma. Source: US Census Bureau
For a significant number of investors, investing in shares and funds can feel like a dance with the devil as they have to compromise personal values to achieve a return. With the growing awareness of the environmental impact of modern life, interest in ethical and environmental funds is increasing, and you can get a good return on your investment without troubling your conscience.
There has been a substantial increase in interest in this area, and accompanying press coverage, in the past year but there has also been a lot of ‘jumping on a band wagon’ and there is more to this kind of investing than picking a fund with a name that seems to fit.
In this article I aim to give you an overview of what these funds are, why cryptocurrencies do not fit in this sector, and how you can invest and feel good about it.
There is no question that this will not have been an easy Budget to put together. There are still uncertainties in respect of Covid19 and the UK economy has problems, for more than one reason. With so many people on a reduced income and many businesses suffering, tax hikes right now would be even more unwelcome than usual.
At this point in time, the UK is in more debt than it has been at any point in the past 50 years, at some £2.13 trillion which equates to 99% of GDP. Over the past 12 months the UK economy has shrunk by 10%, and some 700,000 people have lost jobs. UK unemployment is expected to peak at 6.5% in the 2021/22 tax year.
What is required now is to stimulate growth in the economy but I don’t think there is any immediate fix. The two main issues are to reduce debt and to support people and businesses who have been hardest hit – somewhat opposing issues.
No one knows quite how many people on furlough will actually have jobs to go back to and latest figures indicate that there are currently 6 million people on furlough in the UK at the moment.
This article is a brief overview of some of the main points with particular reference to any changes that have relevance to those living outside of the UK. The UK press will cover many points in detail but much of this is not directly relevant to expats so this article focuses on the main issues, highlighting any of relevance to expats.
We all know that we need to invest our money to make it grow but the options for expats in the UAE have been a little limited, until now. Following changes in legislation, I am now delighted to offer fully flexible investment options, with negligible penalties, and a very wide range of fund options.
Winston Churchill is a towering figure in British political history but was also an orator and writer. What I want to focus on is a quote that is relevant to most of our lives, even now, over 100 years after he said them:
Many of us make New Year resolutions, but how many of those are about our finances? 2020 was a tough year for large numbers of people, and we aren’t out of the woods yet, but knowing you have taken all the right steps will give you some peace of mind.
Invariably we could all spend less and save more and a little focus rarely goes amiss.
With that in mind here’s a list of 10 steps you can take to get yourself financially fitter in 2020.