When it comes to making investors’ money work for them, diversification is key. Savings accounts, stocks and bonds, mutual funds, and direct investments in industries are all smart financial planning ideas. But an offshore savings account may be the simplest and most affordable way to protect and grow wealth in today’s financial climate.
Grow with What You Know
One of the advantages of putting assets into offshore savings accounts is that everyone is familiar with a savings account. It’s the most primary tool for saving and growing money via interest.
It’s good to conduct offshore business in countries such as Belize because they offer many of the “pros” of American banking such as tying its currency to the U.S. dollar while protecting certain assets. More can be done in Belize than Stateside such as shielding lawsuits, judgments, and divorce settlements.
Added to that are Belize banks’ high liquidity, meaning the stability is greater than the financial systems in other countries.
Everybody Wants Asset Protection and Growth
It’s true that the advantages offered by offshore savings accounts would be welcomed by anyone with any assets they’d like to protect, but click here to see if a country like Belize is the right place for you to put your money.
Of course retirees and other Americans relocating to a sunny Central American home to enjoy the sandy beaches and local culture would want access to their funds in local currencies, but also investors worried about onerous taxes have a very good reason to look into offshore banking. Capital gains taxes are especially costly for families falling into certain income brackets in the U.S., and a savings account in Belize would not be subject to such ruinous levies.
Talk to an Expert You Can Trust
Every investor has advisers on how to manage wealth, even if it’s just a stockbroker. When going global, however, it’s best to talk to experts who know about offshore banking. This includes expats who live in places like Belize now and are more than happy to share their wealth of knowledge.
For a more in-depth and professional take on moving your money offshore, investors should talk to one of the many specialists in the area. They can be found on foreign investment websites and blogs, or can be recommended by expats already living in one of the countries you might be considering.
Find Safety in Numbers
After the fantasies about those beaches and weather in Belize, however, all you really need to do is take a look at your own finances and compare numbers in black and white to see if offshore savings can help diversify your portfolio, reduce your tax burden, and protect and grow wealth in a myriad of other ways only an offshore investment professional can introduce you to.