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The Financial Benefits of Being an
Expat...benjamin franklin style
Every week in this article Helen Couldrey, a financial
consultant with the deVere Group, and also a qualified
English lawyer, will give you tips and ideas of how to
take advantage financially of being an expat. Helen has
clients in Bangkok, Hua Hin and Cha-Am who she helps
to maximise the financial benefits of living overseas.
TOO MUCH CASH…?
Cash plays a useful part in most investors’ portfolios.
But, like all good things, one can hold too much cash.
So what is the optimum amount of cash for an investor
to hold? And where might excess cash be more usefully
placed?
As mentioned in a previous article, good financial
planning means you will have access to emergency
cash, normally 6 months of living expenses. But what
about additional cash within an investment portfolio?
Many advisers, including myself, recommend having
a small cash holding at all times, perhaps 5% of total
financial investments. This may seem an illogical thing
to do if you are certain that there are other investments
that could yield you higher returns, however there are
some good reasons behind holding a