Common mistakes that expatriates
make - and how to avoid them
Part 1: Moving your finances to
Baruch Labinsky MBA, TEP
Licensed by the Israel Securities Authority
Financial Planner/Investment Manager
Crucial to keep % of your finances in your country
- Historically, when shekel was weak olim
preferred to keep their money in country of
- Reality changed over past 10-20 years. Now
Israel has one of the most healthy currencies
and economies in the world.
There used to be a tendency to keep money
abroad because of the ease of access.
Post 9/11 is a different reality. Hugely increased
Harder to have banking relationship in
More difficult to transfer money.
Some US banks now do not want nonresident American bank accounts.
An increasing number of olim have
transferred their financial center of gravity to
It is easier to manage finances in the same
Global uncertainty means no-one knows
the long-term financial future of any
Available in stores in Israel and abroad and via
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