I think you’re right on the relative attractiveness of the investment, however by then in the same post talking about ease of withdrawing your funds you’re not highlighting potential volatility of listed open-ended funds. I’d say you’ll almost certainly be up if you take a 10 year view, but if you expect to be able to cancel your investment and get your cash out within say 2 years, that could mean locking in losses depending on the point in the cycle.
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Let’s come back to that statement in 5 years and see where the Dollar is relative to the Euro. There’s a plausible case in both directions.
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We agree and accept there is risk here, although we figure that is true of any investment. We know Portugal is probably going to be more volatile than USA. We didn’t have much European exposure before though, so in our case the extra risk is partially offset by a diversification benefit. Overall its not too bad.
We tried to reduce the volatility further by picking Optimize over IMGA… about 40% of Optimize is bonds not stocks. It breaks down to 20% in Portuguese bonds and 20% rest of Europe mostly Germany. Usually bonds should be less volatile than stocks. But it’s not certain. Portugal has had some bond scares in past, while German bonds look more stable than US bonds at the moment!
Bottom line, as long as Portugal does grant a citizenship in future, this will be way better financially than Malta no matter what happens in the markets.
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Thank you for sharing this information! We have also invested with Optimize, but we are looking for a different attorney. Our current attorney has not felt adequately supportive in this very complex process. Your story provided helpful information for our journey, again thanks!
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