If you want true wealth, be a global investor
Many South Africans are sticking too close to home, experts say
Wealthy South Africans have more than 83% of their investments concentrated locally and many are missing the benefits of being true global investors. David Nathanson, a global equity specialist at Bellwood Capital, says that most of the nation's high-net-worth individuals are not global investors, and aren't enjoying the options and flexibility to which they should be aspiring. "When your home country represents less than 1% of world economic activity and is subject to capital controls, you can't divide the world into local versus offshore and place the two groups on an equal footing," he says.
Rather, to be truly wealthy you need to be a global investor and not have a lifestyle that is overexposed to the political risks of any one country...
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