Bod has arrived to help investors get a better deal. While you might be thinking of the little yellow character from the 1975 kids TV show, this is actually Bod 49, a new piece of legislation introduced by the UAE Insurance Authority.
We recently won three awards at the prestigious International Investment Awards. A very different experience this year, for obvious reasons. No business travel, getting dressed up or mixing with our peers during a glamourous evening. Perhaps the experience of being at home and watching events unfold online, allowed for some useful reflection.
At Abacus we provide financial planning and investment management services to our clients, but as the wider impact of the pandemic unfolds we can also refer our clients to firm’s who can help with a wide range of issues.
Most foreign nationals currently living and working in Dubai, will not remain in the principality permanently and eventually return home, or head off to new horizons. From a financial planning point of view, moving from a largely tax-free environment, to a taxed one often has its complications and early planning is essential if you want to avoid costly mistakes.
In our previous blog we discussed moving to cash and why inflation and market timing are two good reasons why that’s probably not such a good idea. In this blog, we look at diversification, which is a natural supplementary question when an investor is told to stay invested. In other words, I will stay invested but where should I be invested?
With so much uncertainty, many investors want to know whether they should come out of the ‘market’ and head for the cover of cash or stay put. In this blog we focus on two primary reasons why investors should stay where they are; inflation and market timing.
The global pandemic and impact on financial markets is without precedent, but events are factored into the financial plans of our clients so they don’t need to change anything right now. This might seem counterintuitive. How can something unprecedented be factored into a plan? Our approach to financial planning explains this paradox.
The pandemic is now a truly global challenge with almost every corner of the globe impacted in some way. Whether you have a financial plan or not, if you have questions about the markets and the impact the pandemic has and might have on your investments in the future, you can talk to us.