As greenback weakness grows, so too does the need to diversify into other currencies. Yet the greater this need, the more the US government will attempt to regulate investors who diversify abroad.
This makes multi currency investing harder because more and more banks abroad are refusing to accept US customers due to the complicated regulations. Recent messages at this site shared how the large Dutch, German and Austrian banks have stopped accepting US customers.
I am very pleased that Jyske Bank, my banker for about 25 years, has decided to stand by its American customers. The bank created a wholly owned subsidiary Jyske Global Asset Management (JGAM) that is registered with the SEC.
The changes, however, create many questions which I am answering at this site. Please send your questions.
As a financial publisher, I cannot give independent advice. I cannot even give personal replies or comment on personal investment or portfolio questions.
I can, however, answer questions here at our site.
You can see the first question and answer at http://www.garyascott.com/2008/06/14/2150.html
Here is Jyske JGAM question and answer #2.
“Gary, I just got the application papers to sign for JGAM to manage my account. One of the choices is a check box if I want to invest in US securities. Should I check this box? I thought the main reason to invest with JGAM is to be out of the dollar?
I have answered yes because there may be times when the dollars rises and I have most of my portfolio there. if you have just your non dollar portion, then you should answer no.
For non US readers this is not important as a W9 is not required.
Jyske communications Update.
If you have further questions on this, you should communicate directly with Jyske Bank.
US residents and citizens should contact Thomas Fischer at this new address:
Jyske Global Asset Management
DK-1780 Copenhagen V, Denmark
Tel. +45 89 89 59 03
Fax +45 89 89 59 01
Non US citizens and residents should contact
Mr. Rene Mathys
Tel: +45 8989 6232
Fax: +45 898 6194
Until next message, good international investing to you.
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