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Investing hard earned cash.
Posted: Sunday, May 25, 2014 5:44 PM
Joined: 17/10/2012
Posts: 13

Hi guys,
I am looking to invest some money rather then have it sit in a bank account doing very little. I've looked at my old funds and investments and they no longer fit my needs. It has been sometime since I have lived in Aus and am looking into options. I am a us Non resident and have substantial amounts in euros and US dollars saved.
Where is the currency market strongest? where can I leave my money for a year or two and re-assess keeping it liquid? How can I set myself up to mimimise fee's and taxes? Looking for a 8-15% return?
I have found two companies set up to service yacht crew requirements IFA or YFSOL,
Can anyone suggest any others? has anyone used these guys? are you happy with your return and ease of use and understanding of their products? Would you recommend them?
Look forward to hearing from sound advise from experienced crew and financial planners involved with our industry.

MGMT Yacht
Posted: Tuesday, May 27, 2014 5:50 PM
Joined: 06/03/2013
Posts: 1

Hi Mate, 

As an ex-yachtie I would suggest you try Captain's Family Office. It's financial service developed exclusively for superyacht professionals. They are based in London, but operate internationally and provide a complete service covering everything from tax to currency exchange. 

Hope that helps 


Pete Brooke
Posted: Wednesday, May 28, 2014 1:28 PM
Joined: 01/12/2008
Posts: 62

Hi, as you have posted this in this section it would be stupid of me not to reply. 

I work with many yacht crew to assist them in putting together a financial plan (the road map for your money over your lifetime). I also help with the implementation of the plan where I can; be it via investments, FX or banking/borrowing. 

I write a regular column for Dockwalk in the Its Your Money section; have you seen this? 

We are also just about to launch a fantastic new solution specifically for the yachting industry which covers all of the main areas of yacht crew finance and is specifically tailored to them. I can send information as soon as it is available if you would like me to. 

We are Europe's largest expatriate financial adviser and so our clients draw on a wealth of experience and knowledge in the areas of investment, tax, currency, residency and planning. 

Let me know if you want to arrange a time to talk. 


Posted: Monday, June 2, 2014 2:00 AM

Hello Hughesy,

If your looking for returns of 8-15% I would consider investing in direct equities on the Australian stock market however generally you would want to invest longer than a couple of years when buying shares. As a non resident Australian you are also exempt from capital gains tax on the sale of any equities while you maintain your non resident status. This can be done through a financial planner who will suggest appropriate stocks to buy relevant to your risk level etc. An effective alternative can be to invest through an ASX 200 index fund which just tracks the stock market. By adding to this monthly over time it is a simple and proven approach with minimal fees. These can be accessed through sites such as internax (now owned by TD Waterhouse) which is an offshore fund platform. Managed funds, ETF's and direct shares can be bought through this platform but I would suggest using a financial planner if buying anything apart from an index fund unless you know what your doing. If using a financial planner always research and ask them lots of questions and be sure to know exactly what the fees are and who their products are backed up by before deciding to go with somebody. Your best bet is to find a reputable fee only planner and not one who is commission based as they will only put you into product which suit their back pocket and not yours! Have a look at the website EXFIN it is a specialist website for Aussie expats.

Posted: Monday, September 29, 2014 7:28 PM

Dear Pete,

My husband and I have found your details on Dock walk and are interested in having a chat to you further.

Our personal email address is and phone number 0034 600 094 293

We look forward to speaking with you soon,

Kind Regards,

Paul and Layla 

Pete Brooke
Posted: Thursday, March 12, 2015 1:44 PM
Joined: 01/12/2008
Posts: 62

Hi Hughesy, 

did you ever get anything sorted out? We have created an investment product purely designed for yacht crew with no tie in periods, complete flexibility and a great investment choice. 

If this sounds of interest please check it our here...

all the best


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