Hello again Patrick
With regard to offshore investing and Interactive brokers - they are not in the picture for me at this stage. With regard to Degiro, I have come across instances on the 'net where they have received some bad rap. A little unsettling...
Are you able to advise any alternatives? My investment period, going forward, is around 5 years since I need to arrange a home of my own in South Africa. ( In this regard, I cannot think of any other alternatives). A further concern is that one may liable to taxation ( or similar ramifications/pitfalls) by both the US and South African tax system relative stashing away money in USD. Is this a consideration?
I am currently working in a Gulf country and may have the option choosing the currency to deposit/transfer into another bank account - globally. I still have to arrange the off shore bank account - hence these questions to you. My Gulf bank account is not an option.
Finally, at the risk of asking a naive question - are you able to briefly spell out the benefits of saving/investing in USD ( or an offshore currency) as opposed to ZAR. I realize that diversification of an investment portfolio is the thing to do, however, I would appreciate your indulgence in this regard. Hopefully, others at a similar level of financial know-how may also benefit.
Thank you!
