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Offshore Investing - Legal or not

Wednesday, July 22, 2009 at 11:59AM | Post a Comment
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Offshore Investing – Legal or Not

Ever since I became interested in the offshore world, I have had a devil of a time trying to explain to people what it is.  The most common response to any conversation about offshore investing are the raised eyebrows followed by the comment “but isn’t that illegal?”  It seems that for most people, the image of the swashbuckling international playboy with the numbered Swiss bank account holds true. 

Of course, the reality is so much more prosaic then that above – I myself am surely no international playboy, as my wife could well attest to! – but this seems to be the dominant image in our popular culture.  I have, however, always assumed that people in the financial world surely understood the reality versus the image. Tthis assumption has now been completely swept away after reading this utterly simplistic and ill-informed article in the Wall Street Journal by the well-known financial columnist James Stewart:  Read his column here  I have regularly read Stewart’s monthly columns in Smart Money and the WSJ, and for the most part he has written about investment strategies and specific stocks, and he always struck me

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