Debating whether to invest offshore? There are pro’s and con’s, so whether you choose to or not, make the decision consciously KNOWING both.
More than 90% of the success of building wealth and investing is to do with managing emotions, so when it comes to investing it’s important to put strategies and people in place to prevent us from making big mistakes and not sticking with our plan. And we can only put those in place for things we’re aware of…
In today’s episode is a strategy that I want to make you aware of when making your investment plan. You always need to go into anything with your eyes wide open.
Show Notes
- [04.16] What is Home Bias?
- [07.35] So why is home bias a challenge to long term investing?
- Let’s look at the pro’s…
- So let’s look at the con’s
Related posts and episodes
- Investing offshore in physical property and business with Lauren Cohen
- The four foundations of investing
- Taking your investments from a park run to an iron man
- The mistake most people make when investing
- Understanding the different types of investments or assets
Invest with Working Women’s Wealth
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Quotes
“Depending on your circumstances, you should consider to have a minimum of 40% invested overseas if you are younger than 65.” – Lisa Linfield
“It all comes down to the fact that when it comes to investing, there’s an old saying that says you shouldn’t put your eggs in one basket… meaning that you should spread out your investments to reduce your risk.” – Lisa Linfield
“The problem is, when it comes to investing, we tend to trust what we feel familiar with.“ – Lisa Linfield
“Having investments in other countries diversifies against your currency risk.” – Lisa Linfied
“What you need to remember about Developed countries is that they are lower risk, but lower return. Developing Countries are higher risk, and higher return.” – Lisa Linfied