It's that time of year when many people start thinking about their resolutions for the fast-approaching new year. Anyone who has tried knows it's hard to stay committed to new year goals. The key to sticking to them over time is to take a simple, manageable approach. Investing offshore is no different. If you've made the decision to invest some of your savings internationally, it's easier to achieve your financial goals if you stay committed. And it's easier to stay committed if you choose a multi-asset fund that invests across different asset classes. This approach provides the comfort of knowing that you have tasked your fund manager with the responsibility of repositioning the portfolio as circumstances change.
Here are a few pointers to consider when it comes to allocating some of your assets to international investments.
Investing offshore is not a single event, it's a journey
Closely associated with weak domestic confidence this year has been the debate about the appropriate allocation to international assets. With much better returns from global markets - especially US equities - over the past decade, you often hear the argument that you should sell all your local investments and only invest offshore. This is...