Enterprising individuals will always find ways to grow their wealth irrespective of the market conditions. It’s a fact.
There are people that make money in good markets and bad markets, to them it doesn’t matter.
And a key strategy that pretty much everyone uses to increase the value of their wealth during times of volatility is diversification.
Diversification can mean a lot of things. And depending on how you’re looking at the world, it can mean investing in real estate in the next neighborhood or investing in a stock market in a far flung country.
But the principle is always the same. You want to make sure that if something bad happens where you are, it’s not going to impact everything you own, or all of your wealth.
For decades, wealthy families have been taking this basic principle of diversification and applying it to their bank accounts.
In doing so, they have not only gained access to a more diversified and insulated store of their wealth, but they have also gained access to better returns on their money.
With a captive audience wiling to accept mediocre returns across Europe and the United States, banks don’t have to compete for clients. They simply pay the lowest rates possible and still attract depositors.
Compare that to offshore banking jurisdictions. You can get 10x the return on a simple term bank deposit.
The best part? It’s going to be deposited at a bank that is significantly better capitalized and better managed than any of the banks that your friends are dealing with back home.
This is just one of many examples of how enterprising individuals use offshore bank accounts to help increase the value of their wealth.
And at GlobalBanks, helping Insiders find opportunities to get more from their offshore bank accounts is a big part of what we do.
Read on below to discover how you can get better returns by exploring opportunities outside of your home country with offshore banking.
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