Consulente finanziario espatriato in Zambia

Expat financial advisor in Zambia – that will be the topic of today’s article.

Confronterò alcune delle opzioni disponibili a livello locale, insieme a opzioni più portatili, online e internazionali come quelle che offriamo noi.

Per qualsiasi domanda, o se state cercando di investire come espatriati, potete contattarmi utilizzando questo modulo, o tramite la funzione WhatsApp qui sotto.

In qualità di espatriati, ha senso avere un'opzione portatile, piuttosto che una localizzata, e noi siamo specializzati in questo. 

Introduzione

Zambia is a huge, landlocked, rich of different resources country with largely populated land in the center of southern Africa. It shares borders with eight countries (Angola, Botswana, Democratic Republic of the Congo, Malawi, Mozambique, Namibia, Tanzania and Zimbabwe) that serve as an expanded market for its goods.

Zambia is undergoing a great demographic shift and is one of the youngest countries in the world in terms of average age. The urban population of the country is estimated at about 17.9 million, between, the number is growing rapidly (2.8% per year), which is due to its high birth rate, with the result that the population doubles approximately every 25 years.

This trend is expected to continue as the majority of the young population enter reproductive age, putting further pressure on demand for jobs, health care and other social services.

Zambia is located in Central Africa and borders with such states as the Democratic Republic of the Congo, Tanzania, Mozambique, Malawi and a number of disadvantaged countries on the black continent. Along the western and southern border of Zambia flows the majestic Zambezi River, teeming with colorful waterfalls, among which is the famous Victoria Falls.

The country is landlocked, but it has really amazing tropical nature and a rich supply of natural resources, but which does not affect the country’s economic status. To this day, over 80% of the local population lives below the poverty line, with about the same number of people employed in agriculture.

Zambia is cultivating corn, sugarcane, rice, sunflowers, peanuts, coffee, cotton, tobacco and other crops. Livestock raising is widespread. Smaller part of residents have jobs in the mining of copper ore and other metals. In recent decades, tourism has been actively developing in the republic, bringing significant income to the state budget.

Nevertheless, the country still has a lot of problems associated with an extremely low standard of living. A large number of the population was infected with the immunodeficiency virus. According to this indicator, Zambia ranks 7th in the world. In many African countries, medical services are far away from the health care we are expecting, and the percentage of illiteracy is enough high.

The average life expectancy is only 38 years. The main religion is Christianity, but as in many countries there are also Muslims and Hindus, even those who follow faithfully to the old pagan rituals, with shamans, voodoo and other ancient traditions. There are no permanent residents with white skin, even in the largest cities of the country.

If you want to move to Zambia, a visa will be required, which should be issued in advance. Customs have restrictions on the export of ivory products, as well as a ban on the export of skins of wild animals.

There are no direct flights to Lusaka Central International Airport from countries representing the post-Soviet space, so all flights are carried out with a transfer in major European cities. In addition to the capital, the main airports in Zambia are located in the cities of Livingstone, Mfuwe, Ndola, and Kasama.

Economic status of Zambia

After 15 years of significant social-economic development and middle-income status achieving, we can say that Zambia’s economic performance was upgraded in recent years. Real gross domestic product (GDP) grew at an average annual rate of 6.8% between 2000 and 2014.

Gross domestic product (GDP) growth slowed to 3.1% p.a. between 2015 and 2019, mainly due to falling copper prices and lower agricultural and hydropower production due to insufficient rainfall and insufficient adapting policies to these exogenous shocks.

But the COVID-19 pandemic has reduced immediately the economy of the country, that has already been weakened by recent persistent droughts, decreasing copper prices and unsustainable fiscal policies. Economic activity declined 1.7% in the third quarter of 2020 as downturns in manufacturing and services outweighed growth in agriculture.

The mining and service industries were hit by declining global demand and social distancing measures at the start of the year, respectively. However, the easing of isolation measures in the second half and the rise in world copper prices helped to restore activity. Overall, the economy is estimated to contract 1.2% in 2020, the first recession in Zambia since 1998. Inflation remained double-digit throughout 2020, averaging 15.7%, peaking at 22.2% in February 2021.

A gradual recovery is expected: GDP growth is projected at 1.8% in 2021 and averaging 2.8% in 2021-2023. Higher copper prices, the commissioning of a new hydropower plant and a return to normal rainfall are expected to support growth in agriculture and power generation, which are the main contributors to industry and services in Zambia.

However, the impact of COVID-19 will continue to weaken activity, especially in tourism, retail and wholesale. The risks to this perspective are balanced. The temporary achievement of macroeconomic stability will largely depend on progress in debt restructuring, fiscal consolidation efforts, and the availability of COVID-19 vaccines.

The lingering impact of the pandemic could exacerbate fiscal and domestic liquidity issues and make the time longer for Zambia to embark on key macroeconomic and structural reforms. Precipitation variability remains a key structural risk to Zambia’s sustained growth, affecting key sectors such as agriculture and electricity, and underscores the need to integrate environmentally sound solutions into Zambia’s long-term growth strategy.

Anyways let’s see in Zambia how you can complete your financial activity, managing, investing, retiring, saving, etc. In these kinds of cases, you will need a help of a financial specialist, either local or online. That is why in this article we will mainly talk about a financial advisor, about the profession, how the advisors can help you, and also talk about local and online advisors and their benefits.

How to know you need a financial advisor?

Money is difficult and challenging to control, no matter how much you have. Sometimes we need professional financial help, because we cannot properly develop strategies and follow them, but at the same time, we are not sure where to start, and for the first step we will determine and fix what financial goals you want to achieve.

Do you want to start investing or invest more money in Zambia? If you don’t know where to start, keep reading.

This helpful blog post will be a quick guide and overview of when you should contact a financial advisor, how he can help you, the three main types of financial advisors, real estate investing in Zambia, and more.

Often, specific events lead a person to seek financial advice. These events are usually associated with unexpected blows, major losses, or major life events.

Wondering how much you need to save to retire at 65? Do you need advice on how to pay off your debt? Do you want to know how much insurance do you need? Finally, are you an expat in Zambia and need financial advice?

The truth is that some financial decisions need to be backed up; others you can probably handle on your own – at least for now.

If you find yourself in one of these scenarios, you may need financial advice:

• I’m close to retirement and want to make sure I’m on the right track
• I just inherited some money from my parents and I need some advice on how to invest it.
• I recently got married and as a couple we need help managing our finances.
• I am recently divorced or widowed and need financial help as a single person.
• My parents are getting old and they need help managing their finances.
• I hate investing and financial planning, and I need professional help not to lose all my money.
• I love financial planning and investing, but I need a different opinion to see if I can do it better.

Financial advisor is just a term that includes financial planners and investment advisors. It is imperative to seek out financial advisors who follow a fiduciary rule, which means they act in the best interests of their clients and only work for remuneration.

This means that client fees are their only compensation and they do not receive commission when you invest in certain funds or buy financial products.

A good certified financial planner can help organize your overall financial picture, including developing a retirement savings and investment strategy; planning big expenses, such as buying a house or having children; daily budget and expenses; plus tax and estate planning.

You may also consider hiring a financial planner if you are too depressed or confused by your money to make important financial decisions, including how to balance multiple financial goals, manage a business, get out of outstanding debt, or create a plan of pension savings.

If the alternative to meeting with a financial planner is decision paralysis, you are better off seeking outside advice.

Investment advisors usually focus on the nuances of your investment strategy, such as which stocks or funds to buy in retirement accounts, which to withdraw, and how to minimize taxes. They can also manage your investments, but usually charge a commission of 0.5% to 2% on the portfolio.

Remember that you do not need to be an investor with millions in the market to have a financial advisor, on the other hand, you do not need one if you only want to know how to invest your funds or which funds to choose when you retire.

An online finance consultant is often a cheaper alternative, and some even provide access to human investment consultants or financial planners for an additional fee.

Automated investment services (sometimes called robotic advisors) customize and automatically rebalance the investment portfolio for you based on your goals and risk tolerance, and the annual management fee is only 0.25% of your account balance.

A financial advisor can be a valuable investment in your goals and can help you “set and forget” your investments.

Consulenti finanziari locali

La differenza tra un consulente finanziario locale e altri tipi di consulenti finanziari è in realtà la differenza tra un approccio basato sui servizi professionali e uno specifico sui prodotti. Naturalmente, la ricca esperienza locale è un vantaggio.

Hiring a local consultant has one key advantage: you can meet with someone who will advise you according to the rules of a particular location, in this case, according to the rules of Zambia.

Many firms cannot afford this. Whether or not you agree with virtual business, there are bound to be situations where you feel the need to meet and talk to someone who will give you valuable strategies and advice.

Other financial consulting companies usually distribute their workload to separate departments. Your “advisor” is most likely an account manager who acts as a buffer between you and some of the other people in the back office who are actually doing the work.

La vostra “pianificazione” probabilmente proviene dall'ufficio pianificazione; la vostra analisi degli investimenti molto probabilmente proviene da un analista che è lontano da ciò che conta davvero nella vostra vita, e coloro che effettivamente implementano la strategia di solito vi vedono solo come un mucchio di “acquisti” e “vendite” che fanno ogni giorno di shopping. Semplicemente non potrete incontrare un vero “consulente” perché queste responsabilità sono state divise tra più persone in uffici diversi.

D'altra parte, se scegliete una società di consulenza indipendente orientata ai servizi, dovreste essere in grado di incontrare un consulente. Anche in questo caso, l'assunzione di un consulente finanziario locale è facoltativa, ma per la maggior parte dei casi gli incontri faccia a faccia comportano una serie di vantaggi.

Most consultants to large financial companies, such as banks, will receive some or all of the compensation for selling you a product, be it stocks, bonds, mutual funds, insurance policies, or annuities.

Questo crea un inevitabile conflitto di interessi. Le leggi sui titoli in questo Paese riconoscono questo fatto e richiedono a questi “consulenti” un livello inferiore. Si tratta del cosiddetto standard di “adeguatezza”, il che significa che devono solo valutare se i prodotti che vendono sono adatti al vostro profilo d'investimento generale.

Lo standard più elevato è quello “fiduciario”. Un consulente indipendente, sia esso online o locale, che accetta di attenersi a questo standard deve per legge mettere sempre al primo posto i vostri interessi.

These consultants never sell products, take commissions, or do anything else that might cause a conflict of interest. They weigh all the factors in your situation before making any recommendations. Their advice is 100% objective. Regardless of whether you are hiring a local consultant or not, remember that they are objective and always prioritize their clients. Speaking of online financial advisors, let’s talk a little about them.

Consulenti finanziari online

I consulenti finanziari online hanno guadagnato costantemente popolarità nel corso degli anni e per una serie di motivi.

One of the first reasons people started working with virtual financial advisors was to buy time in the olden days, since they didn’t have to get in their car or sit in traffic to meet their financial advisor when the phone call is in progress. or Zoom meetings. does not matter.

Per le persone che viaggiano spesso o che hanno intenzione di trasferirsi in un'altra parte del Paese (o di vivere all'estero), la collaborazione con un consulente finanziario online garantirà anche che il vostro rapporto non si esaurisca ovunque vi troviate.

Forse il progresso più significativo che accelera la tendenza alla consulenza finanziaria virtuale è la capacità dei consulenti finanziari di specializzarsi per servire una nicchia che sarebbe impraticabile se si limitasse a lavorare con i clienti della propria città.

In questo modo, avrete l'opportunità di assumere un consulente finanziario che comprenda veramente le vostre esigenze individuali, sulla base della sua formazione, della sua esperienza e del suo impegno ad aiutare persone come voi.

Location is the first advantage

Gli investitori che cercano di assumere un consulente in città con un costo della vita elevato spesso faticano a trovare un consulente che sia conveniente o che li accetti come clienti se non soddisfano i requisiti basati sul patrimonio minimo.

Una relazione virtuale permette agli investitori di San Francisco o New York di assumere un consulente del Delaware o del Mississippi, che probabilmente sarà più accessibile e avrà un patrimonio minimo dichiarato più basso, anche se ha la stessa esperienza e lo stesso livello di servizi offerti.

Everything should be in due time

I professionisti che lavorano sodo ottengono buoni stipendi, ma spesso non riescono a trovare un consulente che sia disponibile quando lo sono loro, cioè dopo l'orario di lavoro. Un consulente online di solito non è limitato agli orari di “ufficio” e può contattarvi quando ne avete bisogno!

In tempi di forte stress finanziario, la semplice revisione del piano annuale spesso non è sufficiente. In qualità di investitori, è molto probabile che preferiate avere a disposizione i vostri pianificatori o consulenti finanziari durante tutto l'anno.

Il rapporto cliente/consulente non è un rapporto che si fissa e si dimentica, ma piuttosto un dialogo continuo. Ciò include conversazioni continue via SMS o e-mail, che sono molto più convenienti di incontri faccia a faccia programmati una volta all'anno.

Documentazione online

Financial planning really requires a lot of different documents. Those receiving basic financial planning advice will easily find hundreds of pages of advisory documentation.

Ci saranno molti documenti che richiederanno anche la vostra firma. In qualità di consulente finanziario online, sfruttiamo i progressi tecnologici, in quanto esistono molte nuvole e piattaforme sicure che memorizzano i vostri dati finanziari. Pertanto, possiamo inviarvi tutti questi documenti online via e-mail in tutta sicurezza.

Ma la parte più incredibile è la possibilità di apporre una firma elettronica! Con pochi clic è possibile firmare i documenti per capovolgere il proprio superutente, personalizzare gli allegati e attuare il piano B.

Tutti questi documenti saranno pubblicati in modo sicuro su un portale online a cui solo voi e il vostro consulente finanziario online avrete accesso.

Molte persone possono approcciarsi a questo strumento con scetticismo, il che ha anche una sua spiegazione. È un concetto relativamente nuovo e per le persone è difficile abituarsi ad alcune cose che possono essere fatte anche su una piattaforma online, ma è un ottimo strumento che fa risparmiare tempo e vantaggi in primo luogo.

So, what you can get if you work with us?

In fact, online financial advisors have to offer the benefits of a traditional financial advisor, plus a lot more, here’s what we can offer you:

• Tracciamento del portafoglio e del patrimonio: Ottenete i dati più recenti sui vostri investimenti e sul patrimonio totale, oltre a consigli sul vostro portafoglio di investimenti. Ci sono molte risorse finanziarie gratuite che potete utilizzare per monitorare i vostri investimenti, ma un consulente finanziario vi farà capire meglio la volatilità del mercato e quando è il momento di riequilibrare il vostro portafoglio.
• Analisi del rischio: Valutare rapidamente il livello di rischio di qualsiasi investimento proposto e ottenere consigli sulla gestione del rischio. La gestione del rischio si riferisce alla disponibilità dell'investitore ad accettare conti che possono generare rendimenti molto elevati e che possono improvvisamente e significativamente calare. In generale, il vostro consulente finanziario online consiglierà una posizione più aggressiva ai giovani investitori, perché i loro conti avranno più tempo per riprendersi in caso di crollo del mercato.
• We can also help you reduce the perceived risk to potential lenders by starting with a free credit rating and then gradually increasing your number with compelling advice.
• Funzioni mobili. Sono finiti i tempi in cui era necessario fissare appuntamenti durante l'orario di lavoro del consulente finanziario. Con un consulente finanziario online gratuito, potete consultare il vostro conto da qualsiasi dispositivo, compresi smartphone e tablet. È possibile effettuare aggiornamenti e modifiche da qualsiasi luogo e in qualsiasi momento.
• Mantenere la riservatezza delle vostre informazioni. A differenza di un pianificatore finanziario tradizionale, nessun altro deve vedere i vostri dati personali e potete essere certi che le vostre informazioni sono conservate in modo sicuro. Utilizzando i servizi di un consulente finanziario online, non dovete preoccuparvi che un consulente o un agente di borsa di parte possa far pendere i vostri conti di investimento a suo favore.
• Monitoraggio degli obiettivi: Stabilite obiettivi finanziari e vedete facilmente come li raggiungete. Servizi come Mint offrono anche avvisi via e-mail e mobile, promemoria per la fatturazione e altro ancora per aiutarvi a non perdere il controllo.

Siete afflitti dall'indecisione finanziaria? Volete investire con Adam?

Adam is an internationally recognised author on financial matters, with over 320.1 million answers views on Quora.com and a widely sold book on Amazon