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Cryotosensei

Blogger at diaperfinancingfund.blogspot.com

01 Jan 2020

Credit Cards

Do you put away your money in overseas platforms?

Given that Hong Kong and many other countries around the world were plagued by political unrest and protests last year, do you go the extra mile to park your money in overseas accounts/platforms? if so, how do you do that? is getting a multicurrency account one viable way?

Happy New Year!

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Kelly Trinh

01 Jan 2020

Backoffice technical at financial services firm

There is exposure to overseas assets and using providers in other juridictions.

Former is common and generally accepted as increasing diversification - you can get from providers here - eg POEMS has a quite extensive choice of markets.

The latter is a unusual. Singapore has a very safe / predictable legal system - it is hard to see providers in other countries offering any meaningful advantage.​​​

Well the bulk of my portfolio is focused in the US market where I mainly write put options on the Td Ameritrade platform. Funds are converted into USD via dbs mca and wired over to the account. Yet to explore other mca platforms like transfer wise fully but there seems to be a lot more potential in better fx rates.

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