Investing off the beaten track

Those who are tempted to buy assets overseas should be mindful of three wealth traps that could derail their expected returns.

PORTFOLIO POINT: When it comes to buying assets overseas, there are three main wealth traps awaiting the unprepared investor.

With the rise in the Australian dollar, many of my clients are being tempted by the apparent 'value’ of overseas assets. Being a sensible lawyer, I steer well clear of any discussion that could amount to me giving financial advice.

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