Plan ahead to ease the burden
Like most financial decisions, forward thinking is paramount to making it work. Quite simply, the sooner you consider and act on the issue of education fee planning, the lower your monthly costs will be – ultimately, this means less stress and, crucially, greater leeway and greater choice.
Long-term savings vehicles are almost always going to represent the best option for those engaged in education fee planning. This is because short-term vehicles are likely to prove too risky and may even prove harmful to your prospects of realising your long-term goals.
Fortunately, there are measures that can be taken with expat regular savings and in the majority of cases this is likely to involve the creation of an intelligently diversified investment portfolio. In many cases this may be able to provide reliable yields without too onerous a monthly financial commitment.
Remember, although education fees are expensive, they can be attainable. Rather than scrimping to meet the costs as you send your child off to school, plan for them; by taking the path of investment you can get capital markets to do the lion’s share of the work for you.
You may need some education for a strong regular savings plan
Just like you trust the teachers at a place of learning to impart the best knowledge to their pupils, so it follows that if you are undertaking a set of expat regular savings and investments then you may need a little expert help.
Blacktower has offices across Europe and beyond and we are able to offer intuitive advice based on your personal needs, investment goals and time horizon. To start on the road for education fee planning contact us today, to see how we can help you.
This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.
Lehman Brothers filed for bankruptcy on 15 September 2008. With $639 billion in assets and $619 billion in debt. Their bankruptcy filing was the largest in history and prompted an immediate fall in the FTSE 100 of 4%. It was the beginning of a slump that by Christmas of 2008 had resulted in 23% being wiped off the value of Britain’s top 100 companies. As a stock market crash, it ranks alongside the dotcom bubble and the shock of 1987. However, while living standards have flat-lined since that date, the stock market revival has been spectacular. Many investors were, however, spooked by the financial crisis of 2008 and liquidated their investment portfolios. Unfortunately as shown below – they lost out on the bull run of the next 10 years.