FOREX RATES – THE “SECRET INGREDIENT” OF OVERSEAS DEALS ZIV MAGEN
THE SOLUTION
Now, instead of the horror scenario above, imagine the following:
After having read all of Ziv's articles, talking to some overseas investors, researching your target market,
recruiting your team and setting your legal and financial infrastructure painstakingly and perfectly, you do the
following, in the following order –
1.
Liquidate your purchase funds well in advance - PAD THEM BY AT LEAST 10% - to allow for any last
minute fluctuations and unexpected additions. Put them in a short term, small interest bearing account if
possible, but DO NOT lock them away!
2.
Sign up with a reputable, reliable and responsive foreign exchange dealer. They'll give you excellent rates
and minimize transfer charges. Try to get a corporate account if you can. These are even cheaper, and
come with a dedicated account manager.
3.
Follow exchange rates on a daily basis - REGARDLESS OF WHETHER YOU HAVE A DEAL ON THE
TABLE OR NOT. When things are looking good (and it doesn't have to be relative to the last decade - 1-3
months will do) transfer the padded amount across.
4.
Keep careful track of the rate you transferred in. This will give you an idea of what to expect when
transferring back.
5.
DO NOT invest with money you'll need back in a hurry! This is true advice for any property investment, but
doubly so for international ones.