US investments

PlanesTrainsAutomobiles

PlanesTrainsAutomobiles

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I am not politically savvy and have no idea where this drama with Trump and his tIff with SA is headed, but .... Is there a risk that money invested by Saffers in e.g. US funds can be frozen?

How do you safeguard your investments from something like that?
 
Unless you're a politically exposed person (PEP), you shouldn't have anything to worry about if you've invested in dollar-denominated funds.

If anything the SA government could implement exchange controls which would prevent you from making any further investments offshore and could potentially hit you with some additional taxes you when you bring money back. If your off-shore funds are Rand denominated the government could introduce changes that would affect your investments.
 
Napalm2880 said:
Unless you're a politically exposed person (PEP), you shouldn't have anything to worry about if you've invested in dollar-denominated funds.

If anything the SA government could implement exchange controls which would prevent you from making any further investments offshore and could potentially hit you with some additional taxes you when you bring money back. If your off-shore funds are Rand denominated the government could introduce changes that would affect your investments.
Click to expand...

I am closely related to a PIP (prominent influential person).
 
If you own a fiat currency then there's always a risk the government freezes your funds. Personally I don't think you're at risk. I have funds in the USA and I'm closely related to someone mentioned in the Panama papers. He's totally above-board but his name appeared in the papers.

If you're worried about government taking your investment then you always have the option of crypto.
 
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