OFFSHORE
Luckily , we ended up having a fantastic meeting ; I learnt a lot about funds and agreed with what he was saying ; funds in a South African bank account have performed better in comparison to funds left in a UK bank account . However , he acknowledged that this was not the point I was making .
My point was that the UK property market over the past 15 years has seen phenomenal capital appreciation . In fact , if we look back at the last 50 years of the UK property market , 43 of these years have had positive growth . 43 years positive growth out of 50 would be attractive for any client , either for building wealth or maintaining it during retirement . same page and decided that what is most important for any client is that they have a well-balanced wealth strategy .
The economy and investment world over the last few years has become harder to predict and therefore having a well balanced portfolio is more important than ever before .
To achieve a well-balanced portfolio the following aspects need to be considered : Safety Cash Everyone has a version of what a doomsday situation looks like
In certain parts of the UK property prices have increased 80 % in the last 10 years , therefore if a South African had taken rand out of the country 10 years ago and put it into UK property they would have made a significant amount of money .
By the end of the meeting we were on the
137 APRIL / MAY 2023 SA Real Estate Investor Magazine