Business Opportunities and Internet Marketing Systems that Don't Work

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Offshore Investing

Offshore Investing

Offshore investing is a phrase that is tossed around as the answer to making easy money. It is anything but that. Proponents quote higher potential profits as a reason to dabble, but they rarely mention the astronomically higher risks.

I am not a gambler. There is a difference between gambling and taking a researched, calculated risk. I have done many things that were risky if you did not know what you were doing - I did well at them because I did know what I was doing.

Gambling means you lose 99% of the time. Investing in general is gambling for a novice, and investing in companies that are not located in the US is VERY risky, even for trained professionals.

Anyone selling you a book on how to do this, promising you big returns is scamming you. They are not making their money from investments, they are making it selling books to gullible or innocent people. If they could make easy money from sitting on their butt pushing money around, they would be doing that instead of trying to sell you a book.

Offshore investing means you are dealing with companies that are subject to laws of other countries. And if you lose, you have no legal recourse. Financial markets may be relatively unregulated, or the regulations may not offer you basic protections that you might expect.

The entities you are dealing with are also usually faceless. You have no idea who it is you are really dealing with. You may find out that you are involved in financing terrorism or organized crime, and it could land you in a lot of legal trouble here.

Any kind of investing also involves fees of some kind. Those fees can make it very hard to actually make money - the percentages are often very close to the average earnings once you add them all up. And most sources that give instructions on this do not mention fees until you have bought the package, and then they tend to underestimate them. You can get hit coming and going with fees - investment fees, currency conversion fees, withdrawal fees, monthly account fees (sometimes you may have to maintain more than one type of account), etc.

It is HARD to make money with ANY kind of investment if you don't have a LOT of money to play around with. You make pennies from hundreds of dollars, when things are GOOD. When things are bad, you lose DOLLARS, not cents. Anyone promising you low or no risk is also scamming you.

A good book on any kind of investing will cover a listing of things they will teach you in the book, which you will see BEFORE you buy. They won't promise to reveal "secrets" or tell you that there is a simple "system" to use. There isn't. It is complex, and takes time to learn, and there is no alternative or shortcut that is going to make you more successful than a professional who has been doing it for years. Even the pros lose big sometimes because investing is unpredictable. Many factors can be charted and estimated, but sometimes things happen that are not foreseen - 911 had a HUGE affect on many different types of businesses worldwide, and nobody in the market saw it coming (some businesses boomed, some busted, and it all affected investments).

Use good sense, and you won't get scammed by someone who tries to persuade you to abandon logic and facts in order to pad their pockets.

Written by Laura Wheeler, MicroBusiness Website Developer, and founder of the MicroWebmasters Alliance

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