Asset emigration: Live in sunny SA while earning global returns
CAPE TOWN – Investing offshore has nothing to do with patriotism. In the recent past, articles speaking about financial emigration and “rushing offshore” have painted a picture of Afro-pessimists and skittish investors.
Nothing could be further from the truth, says Iza Wealth Director, John Rose.
While there is a legitimate need to wrap up all your affairs upon emigration, diversifying and taking investments offshore is not the same thing as so-called financial emigration, according to Rose.
Rather, asset emigration is where you live in South Africa, but your assets, or balance sheet, live abroad, with exposure to hard currency and some of the biggest blue-chip stocks in the world, such as Coca-Cola, Nintendo and Disney.
