Whether you are completely new to the world of investing or you are a seasoned pro ready to tackle international investments for the first time, you might wonder where to start. While offshore investments offer huge perks to those who want to save on their taxes, increase their privacy and diversify their assets, it is important to note that many of the investments are very similar to their domestic counterparts.
This makes it easier to navigate the many different opportunities for international investment and focus on the best choices for your budget and risk level. Here are some of the top international investments available for new investors.
Precious Metals
Since precious metals like gold and silver have an extensive history of value, they can be a great choice for investors who want a long-term investment choice. While you can buy and sell precious metals depending on the market, you can also hold on to them for years or even decades as a kind of financial safety net for you as well as for your dependents. You can even store your precious metals in a secure international location or borrow against their value, if desired.
Offshore Managed Mutual Funds
For those eager to jump headfirst into the world of investing and keep their assets diversified, an offshore managed mutual fund can be a fantastic option. These funds are managed by a financial expert, which lets you learn the ropes and understand a variety of international markets without having to take full control.
Trusts
For those who want to reduce their tax burden as much as possible and start to work on their estate planning for the future, international trusts are a wonderful choice. A trust is a collection of your assets that are overseen and managed by a trustee. This individual makes decision about the assets based on your original trust deed, which outlines where the assets should go in the future as well as when. You might choose for the assets in the trust to be given to your child in 20 years or your grandchildren as a way to pay for their college education.
Real Estate
International real estate can be a great financial move for new investors, particularly if they pick out a piece of property that they can benefit from right away. For example, you might decide to invest in a vacation home in Belize. For part of the year, you can soak up the sun and enjoy a luxurious vacation destination. Then, you can rent out the space when it is not in use to bring in additional income.
International IRA
An IRA, or individual retirement account, is a popular way to prepare for retirement. However, many domestic IRAs aren’t as diverse or as risk-taking as some individuals want. New investors can opt to move their IRA offshore in order to explore new opportunities or simply just to reduce taxation.
New investors can have success in the world of international investing by choosing one of these great opportunities for their future. Contact Caye Bank for more information on the services that can help you reach your financial goals.
