A “one-size-fits-all” approach cannot succeed because every family has its own individual exposures, revenues, and expenses spread out to every corner of the globe. Because the currency composition of a globally mobile family’s long-term financial objectives is often not known, we should think in global rather than local terms, moving away from a single base currency to something more indicative of how global economic power is shifting. Neglecting currency risk, or dealing with it through approaches that are too simplistic, can be seriously damaging to financial health.
Written by Helie d'Hautefort
Taken from Globcoin BLOG: https://medium.com/@globcoin_io/currency-baskets-for-wealth-management-7af7de07a3b4
Topic: Helie d'Hautefort: "We should think in global rather than local terms" (Read 107 times)
February 23, 2018, 12:48:32 PM
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