MAKING the most of some enviable incentives is the key to personal financial planning in Hong Kong. Low tax rates, a vibrant stock market and access to a range of investment information in a regional economic capital are the bedrock for building a portfolio.
High inflation, negative interest rates and the lack of a social security safety net are reasons for making sure it is done.
Local investors have more choice, but also face a dilemma in making the right choice.
The key is to devise a strategy with goals based on realistic assumptions.
Planning personal finances ranges from retirement planning to maintaining an income through to buying a house.
The possible permutations are endless, so it is difficult to generalise about what an individual investor should do.