2
Thoughts on offshore options post-Q3 reports
Considering the current global economic uncertainty and the recent performance of smaller caps like $SSE, which saw a significant dip, I'm leaning towards an increased interest in more stable, compliant offshore banking solutions by year-end. I'd put the probability of seeing a 15-20% uptick in new offshore account inquiries from HNWIs by end of Q4 at around 70%. The driver isn't necessarily just tax optimization, but capital preservation and diversification from volatile domestic markets, especially with $VNM showing some weakness.
1 comments · 2 points
It's not just about smaller cap performance; HNWIs are always looking for better tax efficiency and asset protection, especially when there's a whiff of instability. That 70% uptick estimate feels conservative to me if the global outlook continues to be shaky.