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The Financial Benefits
of Being an Expat.
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.
CHA-AM AND HUA HIN
Retirement Planning - Education Fee Planning
Regular Savings - Tax Saving
Lump Sum Investments
Helen Couldrey, BA (Hons), L.L.B, CISI
Contact Helen for a finance review
086 088 2127
[email protected]
Time, not Timing
For anyone who works in investments, having to
utter the words “your investments are down” could
be perceived to be a particularly bad day. Similarly,
they are the words that every investor does not want
to hear. However, having funds that are down for a
certain period of time can sometimes work to your
advantage, giving you greater returns in the long run.
DOLLAR COST AVERAGING
In a nutshell, market downturns can be good buying
opportunities. Downturns can be like going into the
shops in the January Sales and buying those luxuries
that you wanted, but at a discounted rate. In essence
you get more investment units for your money which
can work to your advantage over the long-term if those
investments then rebound. This can be much more
effective than just selling the investments when they
are at their lowest. However, if those particular funds
or shares are likely to remain down then obviously it’s
not a good time to buy. Selling may also be the better
option too.
Warren Buffet, one of the savviest investors of this
era made a lot of money during the credit crunch by
benefiting from ‘discounted’ investments. He bought
various investments during the decline and, when the
markets started to rebound, made a lot of money. He
persevered with the belief that, over the long-term, he
would eventually see a return… And he was right.
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HOLDING ON
Sitting tight can often be the best way forward; it all
depends on what the investments will do. There may
be bull markets, when prices will rise or be expected
to rise, followed by pessimistic bear markets,
during which it may appear a better option to sell
investments. Nobody can predict what the future will
hold but we take piece of mind in the fact that trends
do show that keeping investments for a long period
of time yields returns. If we look at trends over a 20
year period between 1992 and 2012, regardless of
what type of investment is held, whether it be cash,
property or equities, there is a steady increase in the
overall holding over time. Generally speaking, equities
outperform other investment types in the long-term
and, if it’s a long-term strategy that you have in place it
is worth keeping this in mind.
After all, time, not timing is often the key to successful
investing.
9
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