It’s time to diversify. If you are like me, you find it hard to watch the news. Political instability is everywhere with some of the world’s most hypocritical people holding public office. May I suggest that instead of feeling hopeless and vulnerable to the next radical fade, consider placing some of your business or personal assets in an environment of stability and appreciation. It’s not just in the United States, many other countries are experiencing political strife. Hong Kong Taiwan, South Korea, Mexico, Canada, Australia, New Zealand to name just a few have major political concerns which are either related to Post- COID-19 or other major economic concerns. Again, it’s time to diversify.
For anyone who is a regular reader of this column, you would most likely know that our jurisdiction of choice for the last 25 years has been Switzerland. Today, that position stands firm and has been enhanced by legislation over the recent years which includes the new “Swiss Light Banking License” and business-friendly regulation surrounding the Crypto Currency sector. Long gone are the illusions of numbered accounts and hidden money often promoted in movies. Switzerland is one of the world’s largest financial centers with a sophisticated infrastructure and where language is almost never a challenge since English, French, German, and Italian are commonly spoken. It is a stunningly beautiful location offering asset protection and a potential European flagship for profit. If you are concerned about the future, now would be the time to move part of your assets in this direction while still meeting all your reporting requirements at home.
