Four financial dilemmas faced by expats – and the solutions!
Expats have some unique requirements when it comes to a financial plan. Here are four dilemmas which expats face, and how to solve them. Problem 1: Currency fluctuations Expat finances can be complicated by the fact that you might earn income in one currency, live in a country which has a different one and make payments such as a mortgage in another. If your salary or pension needs to be transferred to a different currency even relatively small changes to the rate of exchange
Your portfolio needs defenders as well as attackers
Just as a truly great football team needs a strong defence to stop their opponents from scoring as well as the more dazzling strikers who will put the ball in the back of the net, so a balanced portfolio needs some defensive investments to counteract the riskier ones. Defensive stocks, like their footballing counterparts, are not the stars of the show and won’t provide the exciting highs but they are the dependable workhorses, providing regular earnings, and often dividends,
Retirement planning in Malaysia – four easy steps to success
Expats living in Malaysia often benefit from a high level of disposable income due to generous salary packages combined with inexpensive day-to-day living, which makes their time spent working there a great time to get ahead in the retirement planning game. In spite of this, planning a pension often comes way down the list of priorities when you have a new job to get your teeth into, an exciting and diverse new culture to explore and wonderful holiday destinations on your doo