Investing offshore principle #1: Look at long-term performance
When looking at different offshore
investment opportunities, look at how they’ve performed over the past ten years or so.
This will show you how an investment performed when the market was doing well and when it wasn’t. For instance, see how the investment shaped up during the financial crisis in 2008.
Investments that didn’t do as badly as the overall market during times like this are worth exploring further.
You should enter investing offshore as a long-term endeavour. The longer you’re invested for, the better your chances of making money.
Investing offshore principle #2: Stick to your investment plan
If you’ve earmarked a certain amount of money to invest offshore every year, make sure you stick with it. And this means investing even if the market isn’t doing well.
Investing when the market is down gives you an opportunity to take advantage of lower prices and bigger profits when the market recovers.
Investing offshore principle #3: Diversify your offshore portfolio
Just as you would with your South African investment, make sure you diversify your offshore portfolio. You want to spread your investments across different sectors, industries, companies and regions.
This will help to lower your overall investment risk as different sectors, industries, companies and regions will perform differently to what’s happening in the global market.
Investing offshore principle #4: Do your research
Know and understand what you’re investing in. If you don’t understand, don’t invest.
Make sure you ask questions before investing too. And don’t be afraid to ask a professional for advice about the investments you’re making. It’s a good idea to get a second opinion.
So there you have it. How to make the best investment decisions with your money offshore.
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