FOREX RATES – THE “SECRET INGREDIENT” OF OVERSEAS DEALS ZIV MAGEN
Only, this time, it's horrible - flat, tasteless, and
The chef is your own common sense, advance
stale. Frustrated and disappointed, you leave mid-
plan-ning and analytical skills.
course, throw your money on the table with
disgust, and vow never to return. Furthermore, you
The market said chef goes to is none other than
make sure none of your friends ever make the
the world's global markets and their respective
same mistake you did, by letting them all know
economies.
what a terrible restaurant this is - all false promises
and incompetent staff, you tell them, and even go
as far as posting a venomous review on the
Internet.
When you invest only in your own home country,
where your income rises and falls with local
inflation and market swings only, as do your
expenses,
Funny thing is, in the process of posting said
review, you notice a multitude of other reviews , all
of which are absolutely glowing, glorious and full of
praise. All of them with one common theme - all
reviewers followed the chef's recommendation,
time and time again, and came out completely
satisfied. You begin to feel like a complete idiot.
you
lead
a
relatively
sheltered
investment life. You'll have to get creative to make
big leaps and bounds, granted. But even if you
don't, following the same, sound investment
strategy will yield the same, sound, expected
results. Nothing too exciting, but no big surprises
either. Kinda like your corner burger place or
Chinese restaurant - you know exactly what to
expect, within reason. You probably won't be blown
off your feet, but you won't be fed dog food either.
When you invest overseas, however, things are
quite different. Kinda like going to a new, exciting
restaurant. Even if you've been following the
advice laid out in REI Wealth Monthly and other
worthwhile sources out there, built your team,
learned the ropes and setup the infrastructure
perfectly,
there's
always
an
element
of
unexpectedness - a "secret ingredient", if you will.
That secret ingredient, much like the story above,
can make or break your portfolio if you don't
THE ANALOGY
practice common sense. It can make you an extra
few thousands (or tens of thousands, depending
Foreign exchange and overseas property investing
on the budget involved) on every purchase, sale or
are a little bit like the above story.
annual income cycle - but it can also cost you the
same.
The restaurant is your portfolio.