In an ideal world, your investments would be nice and neat and everything would be in one place. In this ideal world, all of your investments are neatly hosted by one bank or in one offshore jurisdiction. But we don’t live in an ideal world, do we?
The truth of the matter is that your lifetime of investing will likely span several decades. In that time, opportunities will come and go. Financial products will be hot sellers only to be replaced by newer and better products. Banks will rise and fall. Jurisdictions will introduce attractive new laws, change them, and new jurisdictions will introduce more attractive legislation.
So, in the end, it’s the rare and (possibly) lazy investor whose investments lie all in one jurisdiction. But, having these investments spread out all over the world can lead to it’s own complicated need for financial structuring and succession plans.
According to financial planning consultant and offshore investing expert Richard Cayne, “It’s messy to invest in several different countries. People would like to keep all of their money in one place. But, let’s face it, the guy who has $20, $30, $50 or $100 million, the chances are that they don’t keep it all in one place.”
Let’s take a look at having multiple investments in several different jurisdictions:
It Makes Sense
Any savvy investor knows that you have to jump on a good thing when you see it. If a jurisdiction passes some new legislation that makes situations really favorable to investors, those investors would be fools not to take a piece of it. Using the reason that “it’s not neat” to not make a great investment isn’t a good enough reason. Sure, it’s messy, but you’ll be kicking yourself for the mess you didn’t make when you hear about the killings your friends and family members are making.
Experts like Richard Cayne and the team at Meyer International can keep you apprised on legislation like this and let you know the perfect time to make a financial investment that might just net you a windfall.
Go Where the Money Is
There’s no denying it. You got into this investing game to make money. So, if there is an opportunity to make money hand-over-fist in an emerging jurisdiction, you’d better take it!
Grabbing Opportunities
Investing is a funny mix of skill, daring and timing. If you are smart enough to see that a situation presents the right combination of these, but you still don’t take that opportunity – well, then maybe you aren’t as smart as you think you are. Go ahead, use the “buffet” strategy of investing! Say to yourself, “Yeah, I’d like a little bit of that, a bit of that too. Oh, that looks good over that and I’m certainly not missing out on that!” You’ll be glad you did!
Keeping It Organized
So, now you’ve visited the world’s investing “buffet” and had your fill of financial products in jurisdictions around the world. Your investments are spread out everywhere. Before you freak out, realize that you’ve done exactly what you were supposed to do.
To keep it all organized, what Richard Cayne suggests is this:
“It gets really complicated really quickly. The best thing to do is create a trust that encompasses the whole thing; all of your investments. Sure, that will cost some money but it’s necessary if you want to be a really savvy and organized investor.”
Are you ready to organize your multiple-jurisdiction offshore investments into one simple structure? If so, give Richard Cayne and the team at Meyer International a call today!
