By Chad Creveling, CFA and Peggy Creveling, CFA “I don’t open U.S. accounts, period,” said Su Shan Tan, head of private banking at Singapore-based DBS―Southeast Asia’s largest lender―in a recent Bloomberg article. By Peggy Creveling, CFA and Chad Creveling, CFA By Chad Creveling, CFA and Peggy Creveling, CFA This article is for general informational purposes only and is not intended as specific tax advice. Please consult your tax advisor for advice relevant to your situation. By Chad Creveling, CFA, and Peggy Creveling, CFA At some point, those of us living overseas may consider investing in one of the many offshore investment schemes that are actively marketed to expatriates. And it’s understandable why—the promotional literature for these plans can be pretty compelling. The sales pitch might go something like this: By Chad Creveling, CFA and Peggy Creveling, CFA A chance to earn significantly higher interest rates on your deposits with the only downside being that you might be converted to a currency you could probably use anyway is pretty appealing, particularly given the paltry yields offered on cash these days. That’s what dual currency deposits promise.For American Expats: What to Do If Your Private Banker Tells You to Go Away
Submitted by Creveling & Creveling Private Wealth Advisory on May 22nd, 2012
Thai Provident Funds Explained
Submitted by Creveling & Creveling Private Wealth Advisory on October 24th, 2011
Non-Deductible IRA: A Backdoor Roth for U.S. Expat High-Income Earners
Submitted by Creveling & Creveling Private Wealth Advisory on September 6th, 2011
Five Things to Consider Before Buying Offshore Investment Schemes
Submitted by Creveling & Creveling Private Wealth Advisory on January 31st, 2011
Are Dual Currency Deposits Really Worth It?
Submitted by Creveling & Creveling Private Wealth Advisory on January 10th, 2011
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