Alwyn Smit
ArticlesThis question was sent to Rosebank Wealth Group financial advisor Alwyn Smit and was first published by Moneyweb.
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Category: Articles
Alwyn Smit
AdminThe Covid-19 pandemic has created a slowing global economy which could become deflationary. The lockdowns imposed by different governments have caused a reduction in demand for goods in key sectors of the economy such as air travel, tourism and restaurants, to name a few. In the current environment, the combination of high levels of debt and deflation is potentially toxic.
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A core investment rule is to never have all your eggs in one basket.
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The two choices being considered differ significantly in terms of risk, possible returns and diversification opportunities.
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Most foreign dividends received by individuals from foreign companies are taxable at a maximum effective rate of 20% via the normal tax system.
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Estate duty rules are complicated and the amount you could end up paying as a non-resident in either the UK or the US depends on a wide range of factors.
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